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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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HDFC Bank Q1

HDFC Bank Q1 profit rises 35% to ₹16,174.75 crore, NPAs Increases

/ Results /

HDFC Bank reported a year-on-year increase of 35.3% in profit after tax (PAT) to Rs 16,174.75 crore for the first quarter of the current financial year. But on a quarterly basis, the bank’s net profit dropped 2.1%. The bank’s gross NPA ratio increased to 1.33% as of June 30 from 1.24% in the previous quarter

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RBL Bank Q1 result

RBL Bank Reports 29% Increase in Q1 Net Profit to Rs 372 Crore, Asset Quality Improves

/ Results /

RBL Bank reports a 29% increase in Q1 net profit to Rs 372 crore and an improvement in asset quality. RBL Bank reported a 29% increase in net profit for the April-June quarter of fiscal 2025 at Rs 372 crore as against Rs 288 crore a year ago. The asset quality of the bank witnessed

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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

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

Adani Wilmar to Buy 67% Stake in Omkar Chemicals for Rs 56 Crore

Adani Wilmar to Buy 67% Stake in Omkar Chemicals for Rs 56 Crore

/ Indian Market /

Adani Wilmar Ltd, a major player in the edible oil sector, is set to acquire a 67% stake in Omkar Chemicals Industries for Rs 56 crore. Adani Wilmar, a joint venture of the Adani Group and Singapore’s Wilmar Group, is one of India’s largest FMCG companies. They offer a wide range of kitchen essentials such

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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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