Sebi is pushing for broader banking and financial services indices, aiming to reduce the dominance of a few large banks. This move will cap individual stock weights at 20% and top three at 45%, potentially benefiting smaller and mid-sized banks.…
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Move allows sale of products made from non-BIS-compliant steel due to limited local output but domestic producers warn repeated exemptions hurt investment recovery and enable substandard imports.
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Debt taken on by major AI firms is typically secured by physical assets, such as data centers or the coveted graphics processing units (GPUs) vital to the technology.
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It identifies Artificial Intelligence and Machine Learning, Advanced Materials, Digital Twins, and Robotics as key enablers, mapping their applications across 13 priority sectors.
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New GST reforms for Multimodal Transport (MMT) have introduced a dual-rate structure, taxing simpler operations at 5% with restricted Input Tax Credit (ITC) and complex ones at 18% with full ITC. Operators relying on land and sea routes face significant…
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As Finance Minister Nirmala Sitharaman readies Budget 2026, ASSOCHAM has urged greater direct-tax clarity under the Income Tax Act, seeking SEP rationalisation, tax certainty for data-centre investments, and an extension of the 15% manufacturing tax rate. But will these reforms…
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