Following the successful debut of "Twisters," Glen Powell has given an exciting update on the highly anticipated "Top Gun 3." Powell, who played Lt. Jake "Hangman" Seresin in "Top Gun: Maverick," shared insights during a promotional appearance.
Bond traders have little visibility on when the inflation-wary Reserve Bank of India may cut rates, but the Centre has done its bit to pave the way for a drop in short-term sovereign debt yields by announcing a reduction of Rs 1 lakh crore in its borrowing through Treasury Bills in the Budget.
Defense stocks, both public and private, experienced sharp declines following the budget announcement, with PSU heavyweights like Hindustan Aeronautics Limited, Bharat Dynamics, and Mazagon Dock Shipbuilders plunging 10% intraday. Private sector counterparts Paras Defence and Space Technology, and Krishna Defence and Allied Industries also saw 5% drops.
The startup ecosystem has much to cheer about from the budget – from nixing the angel tax to slashing TDS for ecommerce operators and plans to set up export hubs, among other measures. We decode the fineprint of Budget 2024 in today’s ETtech Top 5.
Industry bodies in Northeast India praise the Union Budget 2024-2025 for its focus on holistic development in the region. Allocations for infrastructure, agriculture, human resource development, and tax incentives expected to benefit the northeastern states. Positive reactions from various sectors including tea industry and chamber of commerce.
Justifying US President Joe Biden's decision to step aside from the US Presidential Election 2024, many doctors have made startling revelations on his mental and cognitive health. Know in detail.
Nasdaq-listed online travel service provider MakeMyTrip Ltd on Tuesday reported a profit of USD 21 million for the June quarter. The company said its June quarter profit included income tax expenses of USD 8.5 million due to a reversal of the deferred tax assets.
For investors, fundamentals have improved with fiscal consolidation, with investment focus continuing and hopefully better employment generation, growth will be sustained. The valuation impact of the Budget on the market will be far more than the diluting effect of increased taxation. Overall, the India growth story continues and instead of tips, do SIPs, Nilesh Shah
Finance minister Nirmala Sitharaman announced a groundbreaking internship scheme offering one crore youth opportunities in 500 top companies over five years. With a central outlay of Rs 2 lakh crore, interns will gain real-life business experience and receive Rs 5,000 monthly allowance. Experts and companies applaud the initiative for its potential impact on workforce development.
In the US and France, Netflix is discontinuing its Basic ad-free package. Customers are forced to select between an expensive ad-free plan and a less expensive ad-supported option. This comes after similar changes in other areas.
Crypto startups expressed disappointment with Budget 2024, as they had anticipated tax rate cuts on virtual digital assets (VDAs). Union Finance Minister Nirmala Sitharaman made no announcements regarding crypto taxes in the Budget, which the crypto industry views as a missed opportunity to support crypto startups and investors.
The rupee weakened to an all-time low versus the US dollar due to a fall in stock markets after Finance Minister Nirmala Sitharaman proposed to increase tax rates on long-term capital gains (LTCG) and short-term capital gains (STCG).
The eCourts project's third phase, with Rs 1,500 crore from the 2024-25 budget, includes Rs 2,038.40 crore for digitising 3,108 crore documents, Rs 1,205.20 crore for cloud storage, and Rs 413.08 crore for 1,150 virtual courts. Over four years, as a central sector scheme, it aims to create a seamless, paperless judiciary. Phase two concluded last year.
The 2024-25 Budget maintains fiscal prudence with Rs 48.20 lakh crore expenditure and Rs 11.11 lakh crore capital outlay, targeting a 4.9% fiscal deficit. Experts commend its focus on employment, education, IBC strengthening, and business ease. MakeMyTrip praises infrastructure enhancements for tourism. The Budget also supports startups through Mudra loan limits and other incentives.
Following the Microsoft outage that largely affected the aviation sector and stopped flight and airport operations in major international cities, Delta Air Lines also became a victim of massive technical issues. But even though most airline operations are back on track, Delta Air Lines are still cancelling a thousand flights owing to unresolved tech issues. What's the actual story?
Despite recent volatility and a prevailing negative short-term trend, the Nifty Index shows signs of a potential bullish reversal. Tuesday's sharp buying and the formation of a positive candle pattern suggest an upward shift. If the index surpasses the 24,650-24,700 level, further gains towards 24,850-24,900 are anticipated in the near future. Immediate support is observed at 24,100, according to Nagaraj Shetti of HDFC Securities.
India's Finance Minister, Nirmala Sitharaman, has emphasized the government's intention to promote the rupee as an international currency. She announced plans to simplify rules and regulations to encourage foreign direct investment and overseas investment in India. The Reserve Bank of India (RBI) has been working on internationalising the rupee for years, allowing persons resident outside India (PROIs) to open rupee accounts outside the country, allow bank lending to PROIs, and facilitate FDI and... Читать дальше...
Budget 2024: The budget memorandum says “References have been received stating that pay-outs on buy-back of shares should be taxed in hands of recipients, in line with similar regime in place for taxation of dividend.”
US President Joe Biden has ended his election campaign and pulled out of the US Presidential Election 2024. The Democrats will be holding their national convention to pick a new candidate. While Kamala Harris is expected to bag the nomination, there could be last minute surprises. Former First Lady Michelle Obama is winning in all national surveys, though she has stayed away from active politics.
Real Estate Investment Trusts (REITs) are likely to gain more acceptance among investors who can now look at faster liquidity as the budget proposed to reduce the holding period for long-term capital assets from 36 months to 12.
The Electric Mobility Promotion Scheme 2024 supports 3.72 lakh EVs with Rs 493.55 crore from April to July. The Ministry of Heavy Industries targets 3,72,215 EVs including e-two-wheelers and e-rickshaws. EMPS 2024 promotes green mobility and EV manufacturing, with demand incentive and category-wise limits, supporting L5 vehicles sold and registered by July 31, 2024, or until funds deplete.
