Indian stock market anticipates GST simplification, potentially benefiting autos, cement, consumer goods, retail, hotels, and financials. Auto sector, especially two-wheelers, could see increased demand due to lower tax rates and potential RBI rate cuts. Financials may indirectly gain from credit…
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The Income Tax Department is investigating US investor Jane Street. It has summoned EY, Jane’s auditor in India. The department seeks details about Jane’s Indian operations. They want to know who controlled the trading and where instructions originated. The tax…
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Former RBI Governor D Subbarao cautioned against ‘Make in India’ becoming overly protectionist, potentially deterring investments and harming productivity. He highlighted concerns over the US imposing 50% tariffs on Indian exports, which could significantly impact India’s competitiveness in its largest…
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Indian mutual funds experienced a 5.6% decrease in overseas assets, reaching USD 8.3 billion in FY25, primarily due to reduced holdings in foreign equity securities. Despite global market volatility and geopolitical tensions, flows into domestic equity schemes surged by nearly…
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Clean Max Enviro Energy Solutions, a renewable energy provider, has filed for an IPO to raise Rs 5,200 crore. The IPO includes a fresh issue of shares and an offer for sale by promoters and investors.
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SEBI is considering easing IPO norms for large companies like NSE and Reliance Jio, potentially allowing them to list with smaller floats. For firms exceeding ₹50,000 crore market cap, the minimum share sale could drop to 8%. The regulator also…
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