CATEGORIES

Paytm sees bank normalcy back by March

Shares of Paytm (One 97 Communications) hit the 20% lower circuit on Thursday, a day after RBI directive

Byju's investors seek to eject CEO Raveendran, rejig board

Large shareholders of Byju’s have demanded a shareholders’ meeting to oust its top leadership including founder and chief executive Byju Raveendran and recast its board, days after the edtech startup tapped its existing investors for emergency capital at a throwaway valuation.

RIL may pay $2.3 bn for 60% stake in Disney India assets

Big markdown for Disney assets' valuation; business may be later merged with Viacom18

Bharat Mobility Expo opens as EVs, PVs clock high growth

Indian automobile manufacturers, suppliers and participants from allied sectors, including batteries, charging, steel and tyres, came together for the first edition of the Bharat Mobility Global Expo 2024 on Thursday. Prime Minister Narendra Modi is slated to speak at the event today, when the event also opens to the public.

Temasek Holdings exits PB Fintech for ₹2,425 cr

The transaction was executed through a block sale on the exchanges

Cabinet extends subsidy schemes for apparel, sugar

The scheme for a RoSCTL for the export of apparel, sugar subsidy scheme for AAY families extended for 2 years

Centre targets 30% higher revenue from telcos in FY25

Revenue projection for FY25 points at consistent AGR collections, spectrum auctions

More women in colleges, but not many in jobs

The country has seen a remarkable rise in women joining colleges, and many of them are studying science and technology courses, but that has failed to significantly improve the diversity quotient at corporate India.

Prevention and cure: focus on women

Proposals to promote vaccination of girls aged 9-14 for prevention of cervical cancer, tackle malnutrition among women

Healing touch: Plan for more medical colleges

The Centre’s plans to open more medical colleges and strengthen the existing ones will boost the supply of trained healthcare professionals and improve the doctor-population ratio in the country.

Holiday budgets to create hot jobs

As more Indians travel and the states promote domestic tourism, employment opportunities are expected to boom

Govt seeks to reduce post-harvest losses

The government has increased budgetary allocations aimed at improving livestock health, boosting milk productivity, and reducing post-harvest losses as part of its efforts to ensure food security.

The big target: ₹50,000 cr from disinvestment

The government has set an ambitious divestment target of ₹50,000 crore for FY25, about 67% higher than its revised target of collecting ₹30,000 crore selling its holdings in public sector enterprises in the current fiscal year ending 31 March.

Key agri schemes get little water

The budget did not raise the annual cash transfer benefit under the PM-Kisan scheme, keeping it at ₹6,000 per eligible farm family

Everybody's a winner in this infra race

The good news is that capex outlay proposed for FY25 is up 17%, at ₹11.11 trillion, but the details are not as exciting

Focus on rural boost, little for middle class

The interim budget laid out several key measures that are likely to assist rural employment and boost farmer income amid a weak demand for packaged goods reported from villages. However, companies said the budget did little to address subdued consumer demand among lower middle-income households.

Why we can expect a banking rally

If the Nifty falls, the Bank Nifty and PSU Bank indices will fall less, and if the gauge rises, they will rise more, say analysts

Two regime dilemma: Clarity on agri income

If you’re an individual taxpayer or Hindu Undivided Family (HUF) with agricultural income, the interim budget has clarified the treatment of agricultural income while computing taxes under the new tax regime.

A plan to detangle old tax disputes

Disputed tax demands up to ₹25,000 till FY2009-10, and up to ₹10,000 for FY2010-11 to FY2014-15 scheduled to be withdrawn

More firepower for defence spending

India on Thursday set aside ₹6.2 trillion for defence spending in the interim budget for FY25, an allocation that was 4.72% higher than in last year's budget estimates and marginally lower (0.37%) compared to the revised estimates for FY24.

In an election year, no free lunch

A budget without sops or freebies reflects the government's confidence; Opposition terms it arrogance

Incredible India slumps as budget puts faith in local

First, the good news. Finance minister Nirmala Sitharaman announced in the interim budget on Thursday that the government would focus on developing new tourist destinations in India, boosting domestic tourism, and promoting spiritual tourism.

FM's gift: Startups get a tax breather

Tax break extension for startups and certain businesses comes as a lifeline, but new manufacturing companies feel left out

Climate concerns reflect in solar scheme

The government’s keenness to promote rooftop solar installations comes through in the interim budget. Addressing a press conference after the budget, union finance secretary T.V. Somanathan said: \"There is a provision of ₹10,000 crore for rooftop solar in the budget.\"

A new dream for homebuyers on a budget

The government will launch a housing scheme to help people living in rented accommodation, slums or unauthorized colonies to buy or build their own homes, Finance Minister Nirmala Sitharaman announced in the interim Union budget.

Subsidy bills slashed to cut borrowing

Centre's food, fertilizer and petroleum subsidy is projected to decline by more than 7% in FY25 to ₹3.81 trillion

FAME slows down, auto PLI in fast lane

The government slashed the allocation for FAME, its umbrella scheme for a switch of electric mobility, by 44% for FY25 even as it hiked the corpus for the production-linked incentive scheme for autos by over seven times.

₹11 trillion to power capex journey

Increased capital expenditure is expected to fuel growth in key sectors, such as railways and roadways and shipping

'Our track record speaks for us we don't need populism'

After presenting her sixth budget in Parliament, Finance Minister Nirmala Sitharaman spoke to Doordarshan and talked about how the interim budget's lack of election-fuelled populism is built on the government's 10-year track record of delivering growth.

VOTE ON CONFIDENCE

Budget steers clear of populism, reiterates govt's commitment to growth