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News Desk

Union Budget Highlights

Budget 2024 Key Highlights: New Capital Gains Tax Rules Announced for 2024

/ Budget News​

Finance Minister Nirmala Sitharaman announced significant changes to the taxation of capital gains in the 2024 budget. The aim is to rationalize and simplify the tax structure, impacting both short-term and long-term capital gains. The tax on short-term gains from specified financial assets has been raised to 20% from 15%, while the tax rates for […]

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economic survey 2024

Economic Survey 2023-24: Key Highlights (Union Budget)

/ Budget News​

The Budget Session of Parliament commenced today with Union Finance Minister Nirmala Sitharaman tabling the Economic Survey of India 2023-24. The voluminous report, including a statistical appendix, was placed in both Houses of Parliament. The Union Budget for 2024-25 will be presented in the Lok Sabha on July 23. This would be the first Budget

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TCS collaborates with Rolls-Royce

TCS Partners with Rolls-Royce for Hydrogen Research

/ Indian Market

Tata Consultancy Services (TCS) has expanded its collaboration with Rolls-Royce, the British aerospace and defence giant, to advance research in hydrogen fuel technology for aviation. The partnership aims to explore hydrogen as a zero-carbon fuel alternative, addressing key challenges in fuel combustion, delivery, and system integration. TCS will contribute engineering expertise to support Rolls-Royce in

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Tanla Platforms Shares

Tanla Platforms Shares Soar 10% on Anti-Scam Deal with Global Tech Giant

/ Indian Market

Tanla Platforms saw its stock surge by over 10% after announcing a partnership with a leading global tech company to fight scams on messaging platforms. Tanla’s AI-driven anti-phishing solution, Wisely ATP, will identify fraudulent phone numbers and suspicious URLs to alert WhatsApp about potential scams. The details of the deal remain confidential, but media reports

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DMart's Q1 Profits Surge by 17.5% to Rs 774 Crore, Revenue Climbs 18.6%

DMart’s Q1 Profits Surge by 17.5% to Rs 774 Crore, Revenue Climbs 18.6%

/ Results

Avenue Supermarts Ltd., the operator of the popular retail chain DMart, has reported its consolidated profits for the quarter ending June 2024. Profits surged to Rs 774 crore from Rs 659 crore in the same period last year, showing a healthy growth of 17.5% year-on-year. Additionally, the revenue grew by 18.6% YoY to stand at

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Cyient Launches New Semiconductor Subsidiary

Cyient Launches New Semiconductor Subsidiary

/ Indian Market

Cyient Ltd on Friday said it has opened its new wholly-owned unit dedicated to the semiconductor business, targeting a strategic initiative to strengthen its hand in this segment amid global competitors. The focused initiative is on application-specific integrated circuit (ASIC) turnkey design and manufacturing and will function on a completely fabless model. Krishna Bodanapu, vice

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