Agri Stack is a database of Indian farmers, which contains their details like landholding, GPS coordinates of plots and the crops grown on them. As per an official in the agriculture ministry, this will cover 60 million farmers by the end of this fiscal year. Farmers will receive a unique ID through this.
Kunal Shah-led Cred is unveiling a new service called Cred Money to help customers manage their bank accounts. With Cred Money, users can track usage over multiple bank accounts and understand their spending patterns. They can also use Cred's in-built UPI offering to make payments. Shah told ET that Cred will work with RBI-licensed account aggregators to offer the services on Cred Money.
The budget proposal to bring parity on long-term capital gains (LTCG) tax across all financial assets and abolish the angel tax will lead to more family offices investing in startups. These entities have increased their activity in startups over the past year. As per a PwC report, there were 45 family offices in 2018, which have zoomed to 300 now.
Loss-making companies with high cash burn, including startups, would get a boost from a key amendment proposed to the Income Tax Act in the Union budget. This comes at a time when multiple consumer internet companies and large startups in India are charting the path to profitability, amid a slowdown in capital funding.
After the budget, global brokerage Jefferies upgraded the stock from hold to buy and raised the target price to ₹585 from ₹435, citing ITC's clear advantage. The stock, which surged 17% in the past month compared to a 3.6% gain in the Sensex, ended at ₹494 on Wednesday, up 0.4%.
The government in the budget proposed a revamp of the capital gains structure for financial securities. It rationalised long-term and short-term capital gain tax rates and tenures for shares — listed and unlisted — and other products.
More parity between FDI and FPI likely; FEMA may see changes to boost investments in India, economic affairs secretary Ajay Seth told ET . Finance minister Nirmala Sitharaman highlighted in her budget speech the need to simplify FDI and overseas investment rules.
ET spoke to three top wealth managers for their portfolio recommendations for an investable sum of Rs 20 lakh. All three of them still recommend a majority allocation of 60-70% to equities and the rest to debt and gold.
The study showed 76% of these traders in intraday segment were under the age of 30 years. The share of traders less than 30 years of age grew to 48% in FY23 from 18% in FY19.
The energy stock reached a new one-year high of Rs 663 on July 2nd. However, it lost momentum shortly after and found support around Rs 620, which also coincided with the breakout level of a 4-month consolidation period observed on daily charts. Since February 7th, when the stock reached Rs 620, it has been trading within a range.
The Olympics Village is of prime importance during the entire Paris Olympics, because it is going to be the home of the athletes around the world, as is the custom for ages. Here's a look at some of the merchandise organizers have arranged for athletes which have some unique meaning to it.
At a prestigious occasion, Celine Dion is scheduled to make a significant comeback and play just one song. She is adamant about going back on stage despite health issues. There has been a lot of buzz about her recent appearance and future performance.
Betting data reveals that while former US President Donald Trump is ahead of his rivals from the Democratic Party, the lead is shrinking with the arrival of Harris in the electoral scene. The Vice-President is expected to receive the presidential nomination from her party soon.
The US men's basketball team is considered invincible at the Olympics and major international events as the squad boasts of the likes of LeBron James, Steph Curry, Kevin Durant and others, who are considered legends of the sport. However, here are some of the teams that are equipped to come close to a victory against Team USA in basketball.
