Giri world

Startups and VC firms are seeking a simplified tax regime and measures to increase domestic capital availability in the upcoming Budget. They emphasize parity in taxation between foreign and domestic funds to attract foreign investors and foster growth for Indian AIFs. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2r5ZKvx >

Reliance Industries reported a 12% increase in quarterly profit driven by strong demand in retail and higher telecom tariffs. Operating profit grew by 8% to Rs 45,595 crore while the digital services unit's profit rose 17% due to a rise in 5G subscribers. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uCvDOoM >

Hindenburg Research, known for targeting Adani Group in 2023 and causing a $140 billion loss in market value, is winding down. Despite facing backlash and stirring controversy, it uncovered corporate fraud globally, leading to significant legal actions and financial implications. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OhUvZWa >

Net household financial savings in India improved from 5% of GDP in FY23 to 5.3% in FY24, and early indicators suggest a sharp rebound in the first half of FY25. This upturn is attributed to reduced household liabilities, boosted insurance savings, lower currency holdings, and robust capital market investments. Household debt also increased, reaching 41% of GDP in FY24. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ovqbfCB >

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The rupee experienced its sharpest single-day drop in two years, closing at 86.58 due to a stronger US dollar following robust job data and new sanctions on Russian oil. Additional factors like reduced forex reserves, FII outflows, and market expectations of prolonged high US interest rates aggravated the decline. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WPGh4Dl >

Sajjan Jindal, chairman of the JSW Group, plans to invest Rs 5.8 lakh crore ($70 billion) in renewables, steel, cement, infrastructure, and automobiles over the next six years. Jindal argues that India needs tariffs to protect domestic industries from cheaper Chinese imports, which are threatening local manufacturers. He stresses the need for government support to compete with China. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/C9AuJzM >

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India has raised concerns regarding issues faced by its milk exporters in Nepal. In response, Nepal has agreed to consider facilitating the import of specific milk products like whey and cheese that are not adequately produced in Nepal. The two nations also discussed amendments to trade agreements, development of trade infrastructure, and various other trade-related issues. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4uorINC >

India's coal imports rose by 2% to 182.02 million tonnes between April and November this year. Monthly imports for November dropped to 19.57 MT due to sufficient domestic supply, leading to reduced demand. Coking coal imports also decreased slightly as the government pushes for increased domestic production. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HrtK7ys >

The Confederation of Indian Industry (CII) urges the government to streamline regulatory approvals through a national single window system, integrate all central ministries, and simplify frameworks to boost ease of doing business. Key proposals include time-bound approvals, faster dispute resolution, and improved land access. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vjmNbu6 >

Anand Mahindra emphasizes the significance of output quality over the number of working hours in response to controversial remarks by L&T Chairman SN Subrahmanyan about a 90-hour workweek. Mahindra also highlights the importance of a balanced life enriched by arts, culture, and family time for enhanced decision-making and leadership. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pz3qLD7 >

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Restaurants are upset with Swiggy and Zomato for launching standalone apps, Snacc and Bistro, which deliver quick meals using customer data, moving beyond their role as marketplaces. Restaurants plan legal action, citing unfair competition, while expressing concerns about potential customer migration to private-label products sold on the new apps. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SBFRzhb >

In Q2 FY25, the microfinance industry contracted, with delinquency rates increasing to 4.3%, driven by defaults in loans overdue by 30 to 180 days. The industry's portfolio decreased, and measures were discussed to advocate a credit guarantee scheme, operational funds for Northeast India, and improvements in financial practices, governance, and cybersecurity. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3eiJ4QW >

In 2024, Tata's Punch SUV surpassed Maruti's Swift to become the best-selling car in India. Buyers are increasingly preferring SUVs over hatchbacks. Tata Motors achieved its highest sales volumes with SUV sales growing significantly. Maruti WagonR is the only hatchback in the top 5. Tata Motors' multi-powertrain strategy contributed to its strong SUV sales. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FeCDUAa >

Two new members have joined the Governing Council of NIIF Trustee Ltd. SBI Chairman C S Setty replaces Dinesh Khara, and Uday Kotak takes over from T V Mohandas Pai. They join under the approval of Finance Minister Nirmala Sitharaman. Established in 2015, NIIF aims to boost infrastructure financing with a Rs 40,000-crore fund for various projects. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/C64TmNZ >

The sensex fell 1.6% due to weak December quarter results, indicating an economic slowdown. Major sectors ended in the red, with banks and consumer sectors leading declines. Disappointing corporate earnings, global uncertainties, and a weak rupee contributed to investor concerns, while long-term growth optimism remains positive. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2zSUDQF >

The Commerce and Industry Minister, Piyush Goyal, emphasized the government's efforts to develop an export strategy to boost shipments of goods and services, aiming for USD 2 trillion by 2030. Strategies include addressing exporters' concerns, optimizing SEZs, and addressing trade issues, particularly concerning China's dumping practices. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4H3My5D >

The National Highways Authority of India (NHAI) has pre-paid loans amounting to Rs 56,000 crore during the current fiscal year, resulting in an interest cost saving of around Rs 1,200 crore. The total debt of NHAI has reduced from Rs 3.35 lakh crore to approximately Rs 2.76 lakh crore. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aw4sBuf >

As the chill of winter sets in, there’s no better time to escape to the tropical paradise of St. Barth’s, where wellness and luxury converge at the iconic ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/rVyZNJM

Bank of Baroda reported a robust 11.7% year-on-year rise in global business, reaching Rs. 25.6 lakh crore by the end of December 2024, driven by a significant increase in retail lending. Domestic deposits and advances experienced substantial growth, with retail advances surging by 19.5%. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/b9L4JF7 >

The electric vehicle industry in India communicated to Commerce Minister Piyush Goyal that they will no longer require subsidies once the current regime ends. Goyal emphasized the nation's readiness for electric mobility and plans to simplify the setting up of charging infrastructure at petrol pumps. He also expressed intentions to strengthen economic ties with the US amid trade tariff tensions. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fm6adjZ >

The sensex surged by 1,436 points, nearly reaching 80,000, driven by broad-based buying and short covering. Gains in banking, IT, auto and metal stocks also fuelled the rally amidst low foreign fund activity. Major contributors to the rise included Infosys, Reliance Industries, and Bajaj Finance, while Sun Pharma was the only laggard. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gM45KZi >

Tesla's global sales recorded a decline for the first time in at least nine years, dropping 1.1% to 1.79 million vehicles in 2024. Despite incentives, waning demand and increased competition contributed to the drop. Fourth-quarter sales missed expectations, with the average sales price falling, impacting profit margins. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aOFdYIG >

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Honda Cars India Ltd reported a 20% increase in total sales for 2024, with exports more than doubling. However, domestic sales dropped by 18.55%. Notable achievements include record exports primarily driven by the mid-size SUV Honda Elevate, and anticipation for a strong 2025 with new models. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/c1NDgUA >

The rupee depreciated by 2.8% against the US dollar in 2024, marking its seventh consecutive year of decline. Contributing factors included RBI's forex intervention strategy, a strong US dollar, and capital outflows due to a shift in investor focus from India to China. Structural issues like inflation differentials and current account deficits also played a role. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/el9tak8 >

The Income-Tax Department has extended the deadline for filing belated or revised income tax returns for fiscal year 2023-24 from December 31, 2024, to January 15, 2025, providing resident taxpayers an additional two weeks to reconcile their financial records. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/U8uN67W >