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Abheek Barua, Independent Economist, says the issue lies with mass consumption, which doesn't just involve the very poor but mainly affects the lower middle class. Particularly, when income rises from Rs 15 lakh to over Rs 15 lakh, there is a significant increase in the tax rate. This is a point that could catch the finance minister's eye. Whether it's a small adjustment or a direct tax cut, it serves as a crucial fiscal measure to counter economic downturns. Barua anticipates some action in this area. Consumption has taken a hit over the last few years. What are your expectations with respect to income tax tweaks that could come in in the Budget? Do you expect some relief? Sources, in fact, are telling us that perhaps some tweaks for lower income class could come in. Do you expect that, especially with the objective of boosting mass consumption? Abheek Barua: I think you are spot on. The problem is with mass consumption and mass consumption does not refer to the absolute bottom of the pyramid, but really to the lower tiers of the middle class and especially when you move from Rs 15 lakh to Rs 15 lakh plus, there is a very large jump in the tax rate. That is one area that could get the finance minister's attention.

Hindenburg Research, the firm known for its short-selling reports, is shutting down. Founder Nate Anderson made the announcement Wednesday. The firm's research led to significant financial losses for Indian billionaire Gautam Adani and his companies.

Bloomberg states.This month, Anderson went after Ernie Garcia III’s Carvana Co., accusing him and his father, Ernie Garcia II, of an “accounting grift for the ages." The auto retailer promptly dismissed Hindenburg’s arguments as “intentionally misleading and inaccurate."As I’ve shared with family, friends, and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finish the pipeline of ideas we were working on.

Executive director Ramesh Kalyanaraman dismissed this as «very absurd» in the call on Tuesday. The stock dropped 7% on Wednesday to close at ₹554.90, extending its losing streak to the ninth straight day. The 32% drop in the share price in this period has eroded the market cap of Kalyan Jewellers by ₹24,000 crore to ₹57,234 crore at the Wednesday close.

A new financial landscape meansyounger Canadians need to rewrite some of the old rules around money.

Quick commerce platform Zepto's annualised gross order value (GOV) has touched $3 billion (around Rs 24,500 crore) in January, up from $1 billion about eight months ago, chief executive Aadit Palicha announced on LinkedIn.

Proxy advisory firms are calling on regulators to implement a majority-of-minority voting mechanism for approving promoter remuneration, citing a steady and significant rise in compensation paid to promoters and their families. Voting data reveals how controlling shareholders have used their ownership to approve their own compensation.

Wells Fargo's profit beat expectations in the fourth quarter powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year. The bank's shares rose 3.5% to $73.68 in premarket trading on Wednesday.

Budget, set to be presented on February 1, retail investors and industry stakeholders are hopeful of consumer relief and market-friendly reforms. Anticipation is building around potential tax breaks for lower-income groups and adjustments to capital gains taxes — measures that experts believe could boost consumption, revive urban demand, and reinvigorate the stock market. Shripal Shah, MD & CEO of Kotak Securities, highlighted key measures that could shape the economic and market landscape. “The upcoming Budget holds promise for retail investors, particularly with expectations of tax relief in the lower income slabs. If the government reduces tax rates for smaller taxpayers, it could lead to higher disposable income in the hands of the common man,” Shah said.

Shriram Finance Ltd. 2.69 per cent to Rs 530.15 in Wednesday's trade as of 01:54PM (IST). The stock hit a high price of Rs 548.95 and low of Rs 529.45 during the session. The return on equity (ROE) for the stock stood at 15.04 per cent. Traded volume on the counter stood at 01:54PM shares and turnover at Rs 2.91 crore around that time. The stock of Shriram Finance Ltd. quoted a 52-week high price of Rs 730.43 and 52-week low prices of Rs 438.83, respectively.

electric vehicle maker Euler Motors on Wednesday said it has secured up to USD 20 million in debt from responsAbility Investments AG to ramp up production and distribution networks as well enhance research and development capabilities. The fresh capital infusion comes close on the heels of the company closing its Series C funding round, raising an additional Rs 200 crore from investors including British International Investment, Blume Ventures, and Piramal Alternatives India Access Fund, Euler Motors said in a statement.

Benchmark NSE Nifty index rose 61.55 points to 23237.6 amid buying in frontline bluechip stocks.

REC Ltd. 1.9 per cent to Rs 485.60 at 10:25AM (IST) in Wednesday's trade. The stock hit a high of Rs 486.50 and low of Rs 475.25 so far during the session. The stock had closed at Rs 476.50 in the previous session. The counter had a total traded volume of 10:25AM shares so far with a turnover of Rs 5.10 crore on BSE. The stock traded at a price-to-earnings multiple of 8.55 and a price-to-book ratio of 1.73.

Bajaj Holdings & Investment Ltd. traded 1.95 per cent in Wednesday's trade at 10:20AM (IST). Around 372 shares changed hands on the counter. The stock opened at Rs 11090.00 and touched an intraday high and low of Rs 11090.00 and Rs 10725.15, respectively, in the session so far. Shares of the company of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 13221.50 and a 52-week low of Rs 7667.15.

silver March futures contracts were trading at Rs 90,747/kg, up by 0.21% or Rs 191. Gold prices jumped by Rs 1,550/10 grams in the last one week while silver prices have largely traded flat, tumbling by Rs 191/kg in the same period.

The Nifty futures closed positive with gains of 0.51% at 23,280 levels on Tuesday. The India VIX index declined by 3.30% to 15.47, signaling reduced market volatility.

CESC and PCBL’s record date set for the interim dividends set as January 16, today makes it the last day for the investors to buy the shares of these companies in order to ensure their shareholding in the company's books for the eligibility to receive the said dividends. With the T+1 settlement system, the record date and ex-date usually fall on the same day. However, if a market holiday occurs immediately after the ex-date, they may differ.

Gold prices were subdued on Wednesday as investors remained cautious ahead of the U.S. consumer price inflation data that could provide more clarity on the Federal Reserve's interest rate trajectory. FUNDAMENTALS

earnings season is underway and about 24 companies will announce their quarterly numbers on Wednesday. Key results to watch out include from HDFC Life, L&T Tech and Bank of Maharashtra. Apart from the above, companies like CEAT, Nelco, Oriental Hotels, Indiabulls Enterprises, Aeroflex Industries, Oracle Financial and several others will also declare their results.

Shoppers Stop Ltd posted a rise in quarterly profit on Tuesday, after two straight quarters of loss, driven by strong demand for premium products such as watches and perfumes during the festive season. The department store chain said consolidated net profit rose nearly 41% to 522.3 million rupees ($6.03 million) for the third quarter ended Dec. 31 from 368.5 million rupees a year ago.

Los Angeles fire rather wildfire has ravaged parts of the iconic city in the US. While authorities still don’t know what sparked the deadly fires in the Los Angeles area, they do know one clear way the flames have spread: embers.