Analysis Financial News

₹9,900 crore ($1.1 billion), as per Mint's analysis of data from its red herring prospectus. Maheshwari and Bahl will also be sitting on hundreds of millions. In addition, Aggarwal owns stakes in Ola Cabs and Krutrim AI, both of which are unicorns (startups with valuation of a billion dollars or more).

The Parliamentary Budget Officer (PBO) is projecting a $17.4 billion boost in income tax revenues from 2024-’25 to 2028-’29, thanks to the federal government’s latest effort to bolster the nation’s coffers. The policy change, which was introduced in Budget 2024 and came into effect on June 25, increases the capital gains inclusion rate for corporations and trusts from one-half to two-thirds and applies the same rate for individuals on yearly gains exceeding $250,000.

Stablecoins are a fast-growing but still largely unregulated sector with a market capitalisation of around $162 billion. Last year, the BIS Innovation Hub in London and the BofE embarked on Project Pyxtrial to explore how technology can help regulators monitor asset-backed stablecoins' balance sheets, providing insight into whether the backing assets exceed their liabilities at all times. The partners now say they have developed a prototype data analytics pipeline which includes data collection, storage and analysis.

domestic tourism and increasing propensity to travel overseas will expand the revenue of India's tour and travel operators by 15-17 per cent this fiscal, Crisil Ratings said on Thursday. Factors like improving infrastructure, rising disposable incomes, a behavioural shift in travel patterns, and the government's increasing focus on boosting domestic tourism will further support the sector's revenue growth. The assessment was based on an analysis of the country's four major travel operators, who account for about 60 per cent of the sector's revenue. «The credit profiles of travel operators, too, are expected to remain healthy, supported by strong balance sheets and steady operating margins of 6.5-7 per cent, in line with last fiscal, resulting in sizeable cash flows and continuing low reliance on debt,» Crisil Ratings stated.

Stablecoins are a fast-growing but still largely unregulated sector with a market capitalisation of around $162 billion. Last year, the BIS Innovation Hub in London and the BofE embarked on Project Pyxtrial to explore how technology can help regulators monitor asset-backed stablecoins' balance sheets, providing insight into whether the backing assets exceed their liabilities at all times. The partners now say they have developed a prototype data analytics pipeline which includes data collection, storage and analysis.

In response to the recent $230 million security breach on WazirX, the Bharat Web3 Association (BWA) is ramping up efforts to strengthen cybersecurity and enhance consumer protection within India’s crypto industry.

LPL Financial has expanded its reach in Virginia as a family-run advisory practice from Avantax switches affiliations.

equity derivatives, while they will have fewer contracts to bet on. The Securities and Exchange Board of India (Sebi) has proposed an increase in minimum contract size in index derivatives, a reduction in weekly index product offerings, and making options trading costlier among a slew of proposals aimed at curbing heightened risky speculation among individual investors — mainly retail. CONTRACT SIZE

Piper Sandler chief global strategist Nancy Lazar unpacks the state of hardworking Americans under record inflation on Making Money.

Britain’s new left-leaning government says the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes

Lounge at the Sports Authority of India training ground in Bengaluru in early July. Another reason athletes, professional or recreational, need to include strength training in their plans is because it helps prevent injuries by reducing fatigue and maintaining resilience over a longer period of time. Movements such as squats, lunges, or step-ups are fundamental and are included in the training of all athletes irrespective of their sport.

Supreme Court on Monday refused to stay Patna High Court order that set aside the increase in reservation for Backward Classes, SC and ST from 50 per cent to 65 per cent in public employment and admission to educational institutions.

deposits — Rs 1.02 lakh crore in early July, according to the latest Reserve Bank of India data (RBI) data, highlighting the challenges faced by banks in attracting depositors.

Bengaluru, a controversy erupted on Friday over the alleged transportation of dog meat. Police seized 90 insulated boxes containing 2,700kg of meat that had arrived by train from Jaipur. Activists gathered at the railway station, protesting the supposed transportation of dog meat. However, officials clarified that the packages contained chevon (goat meat).

capital gains tax rates is a welcome and logical change by the government. Under the new tax rules, stock investing will now attract a 12.5% Long-term capital gains tax (previously 10%) and 20% Short-term capital gains tax (previously 15%). Excluding tax havens such as Hong Kong, Singapore and the UAE, India’s capital gains tax remains one of the lowest globally, especially as the amount of capital gains increases. And as Finance Secretary Somnath explains, analysis of the tax base shows that capital gains tax doesn’t really impact the middle class. 88% of the capital gains income is earned by individuals with an income above Rs. 15 Lakh and 62% by those with an income greater than Rs 1 crore. The investing community in India is a minority demographic that benefits from a tax rate much lower than the marginal rate, a standard tax rate for income earned by salaried and other business incomes. Even with the new rates, we’re still much below the marginal tax rate.

retail investors. A new Sebi study, 'Analysis of Intraday Trading by Individuals in Equity Cash Segment', found that more than 70% of retail traders in the intra-day cash markets lose their money.

According to figures released by the Bureau of Economic Analysis on Thursday (25 July), the 2.8% gross domestic product growth in the three months to the end of June was double than the 1.4% recorded in the first quarter. The acceleration in GDP quarterly figures came on the back of rising consumer spending, private inventory investment, and non-residential fixed investment. The BEA said the movements in GDP growth were partly offset by a downturn in residential fixed income. Meanwhile, current-dollar GDP rose by 5.2% at an annual rate, reaching a total of $28.63trn in the second quar...

indexation benefits on realty sales. However, Finance Minister Nirmala Sitharaman told ET in an interview that those who are criticising the move are missing the larger picture.

In the Union budget for 2024-25, among the 85 proposed amendments in the Finance (No. 2) Bill, 2024, the revision concerning the taxability of long-term capital gains (LTCG) from the sale of immovable property, effective 23 July 2024, has garnered significant attention.