Reseñas

At a macro level, the containment of the fiscal deficit and the significant emphasis on capital spend were the two things that industry was looking for and both have been adequately met. Increased infrastructure spend and the allocation to the railways represents a quantum jump and not a mere nominal Continue Reading

On Wednesday, the government in its 2023/24 budget set a fiscal deficit target of 5.9% of gross domestic product for the coming financial year, down from the current year’s target of 6.4% of GDP. India’s fiscal year starts on April 1.

Currently, the Competition Commission of India (CCI) has only two members and the post of Chairperson is vacant since Ashok Kumar Gupta retired on October 25, 2022. For examining mergers and acquisitions, also known as combinations in the CCI parlance, the fair trade regulator needs a quorum of three members. Continue Reading

The Nasdaq Composite gained 248.83 points, or 2.11%, to 12,065.15 at the opening bell

The Budget has proposed changes to the new optional tax regime which provides that no tax would be levied on people with annual income of up to Rs 7 lakh. It also allowed taxpayers to claim standard deduction of Rs 50,000 under the new regime — a move seen as Continue Reading

Sales during the quarter rose 11% to Rs 10,444 crore, compared with Rs 9,381 crore in the same quarter last year

The company’s EBITDA for the quarter was Rs 349.65 crore as against Rs 392.11 crore in the corresponding quarter of last year, representing a decline of 10.83%

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“Over a period of time, we have seen that the government doing step by step reducing the tax incentives and reducing the number of instruments and the number of choices that we have to manage personal tax rates. What has happened in insurance is one more step in that direction.”

The revenue has crossed the Rs 3,000-crore mark for the time in a quarter, the company says