Rupee remains in undervalued zone
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SWAGAT-FI: Sebi unveils single-window gateway for low risk foreign investors; framework aims to cut compliance load
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Exports of shrimps get a boost after EU decision
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‘Tesla is ridiculously overvalued’: Big Short investor Michael Burry warns Musk’s $1 trillion payout will erode value
Michael Burry, the investor famous for predicting the 2008 financial crisis, has criticized Tesla's valuation as "ridiculously overvalued." He argues that stock-based compensation, including Elon Musk's massive pay package, dilutes shareholder value and distorts true profitability. Burry believes this accounting practice, common in tech, masks recurring expenses and makes Tesla's market value unsustainable. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/aAGUxuB >
IBC overhaul: Parliament panel seeks advance ruling system; can these fixes speed up resolutions?
A parliamentary panel has proposed significant reforms to India's insolvency framework, advocating for an advance ruling mechanism to provide pre-admission clarity and reduce litigation. The committee also backed integrating mediation and a transparent 'no dues' certificate system for revitalized companies. Stricter penalties for frivolous appeals and enhanced NCLT capacity were also recommended to streamline the resolution process. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/yzNhM3q >
Winter session: To ensure sin goods stay costly, FM Sitharaman moves bills for extra levies
Finance Minister Nirmala Sitharaman introduced two bills to levy excise duty on tobacco products and a health and national security cess on pan masala, following the withdrawal of GST compensation cess. These measures aim to maintain high taxation on 'sin goods' and fund public health and national security initiatives. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/rS5dzv6 >
Rs 7,280 crore rare Earth magnet scheme: Industry hails REPM initiative; firms see reduced import dependence
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