Rights Financial News

Personal tax is a key focus for most Indians when it comes to the Union Budget—especially for the urban middle class, as it directly impacts their finances. To break down the current demands and expectations, we spoke to Ishita Sengupta, Partner and India Leader at Vialto Partners. She shared insights on potential changes in capital gains tax, possible new introductions, and more. Excerpts:

Subscribe to enjoy similar stories. New Delhi: The Economic Survey – a critique of the economy’s performance and its management scripted by a team in the finance ministry – offers the Chief Economic Advisor V Anantha Nageswaran an opportunity to propose novel ideas and solutions to the challenges confronting the country, unaffected by the political pressures of the government in office or the ruling party.

Harsh Goenka recently shared a video featuring Gaur Gopal Das, an Indian monk and motivational speaker, discussing the true essence of happiness. In the clip, Das emphasizes that happiness is not a goal but a natural consequence of living well and living right. Instead of chasing happiness directly, he suggests focusing on the process—whether it's physical fitness or personal growth. By aligning thoughts, actions, and values, one can naturally cultivate a fulfilling life.

Indraprastha Gas Ltd (IGL) shares began trading on an ex-bonus basis, priced at Rs 199.20 as of 9:50 AM today. “This follows our previous letters dated December 10, 2024, and January 16, 2025, notifying shareholders of the approval for the issuance of bonus shares in a 1:1 ratio. We would like to inform that the Bonus Issue Committee has fixed Friday, January 31, 2025, as the 'Record Date' to determine shareholder eligibility for the bonus,” the company had announced in an earlier exchange filing.

Subscribe to enjoy similar stories. President of the European Commission Ursula von der Leyen gives a press conference at the EU headquarters in Brussels, Jan. 29.

Subscribe to enjoy similar stories. Religare Enterprises Ltd CEO and chairperson Rashmi Saluja has sued the conglomerate she heads to thwart a potential takeover and extend her tenure, pitting herself against four of the company's five independent directors, in arguably one of the first such instances in a public company. On Tuesday, Saluja filed a case against Religare in the Delhi High Court, seeking the court’s intervention to stop the annual general meeting (AGM) scheduled for 7 February.

Subscribe to enjoy similar stories. A severe cash crunch at the Good Glamm Group that forced it to consider raising fresh funds at a sharply lower valuation triggered the exit of three of its directors, three people aware of the matter said, since a new round will wipe out their shareholding given their disinclination to bring more money. The three directors from Accel India, Prosus and Bessemer Venture Partners stepped down from Good Glamm's board across November and December.

Civil rights activists have gathered outside Target's Minneapolis headquarters to call for a boycott of the retailing giant over its decision to phase out its diversity, equity and inclusion initiatives

The latest suspected senior Iranian official caught in Canada sued the immigration department and enlisted a Liberal MP’s office as part of her fight to stay in the country, government records show.

Subscribe to enjoy similar stories. President Trump picked right up where he left off during his first term, badgering a favorite nemesis—the Federal Reserve and its chair, Jerome Powell—over its recent performance managing inflation and interest rates. “Because Jay Powell and the Fed failed to stop the problem they created with inflation, I will do it," Trump said in a post on his social-media platform on Wednesday.

Kotak Institutional Equities on Thursday said it has initiated coverage on renewable power player ACME Solar Holdings with a ‘buy’ rating at a target price of Rs 320 per share, which implies a potential upside of over 52% from the stock’s current levels. ACME Solar shares closed 10% higher on Thursday at Rs 210.80 on the BSE. The brokerage highlighted ACME's aggressive expansion in India's renewable energy sector and its exceptional growth potential, supported by an increasing focus on hybrid and firm dispatchable renewable energy (FDRE) projects.

Subscribe to enjoy similar stories. The original intention was for American presidents to be mere legal executors—not emperors able to impose their will unilaterally. Over time, though, Congress has ceded more and more authority to the executive branch, and the courts, the third coequal branch of government, have happily blessed the arrangement.

Subscribe to enjoy similar stories. Cement is fundamental to infrastructure development and plays a crucial role in a country's economic progress, with its demand closely linked to the growth of the nation. In India, this demand is driven by government investment in infrastructure projects like roads, railways, and housing.

mutual funds do best only in bull markets. But even in volatile markets, smart fund managers can create and protect value for investors in uncertain times. The recent correction, spanning 26th September 2024 – 21st January 2025, is a case in point.

Info Edge (India), the parent company of Naukri.com, on Thursday announced its plans to consider a stock split— a first for the company. The board of directors is scheduled to meet on February 5 to discuss and potentially approve the split ratio. “A meeting of the Board of Directors is scheduled to be held on Wednesday, February 05, 2025, to, inter alia, consider and approve the unaudited Standalone & Consolidated Financial Results for the Quarter and Nine months ended December 31, 2024, we hereby inform you that at the said Meeting, the Board of Directors will also consider the proposal for alteration in the share capital of the Company by way of sub-division/ split of the existing Equity Shares of the face value Rs. 10/- each, fully paid-up, in such manner as may be determined by the Board of Directors subject to approval of the shareholders of the Company,” said the company in its exchange filing.

Hemang Jani, Independent Market Expert, says even as we discuss if the valuations are accurate, companies that are doing well and have a solid business model will eventually benefit investors. It's important to identify companies that are succeeding in tough market conditions, whether they are in banking, automotive, or consumer technology. Jani further says that for some of the platform companies, the story is over. Maybe a bit of a cool-off was required. There is massive selling by the FIIs which were holding some of these stocks. But from a 6 months, 12 months kind of perspective, these remain very interesting themes and particularly Zomato and Swiggy are the names I am pretty comfortable buying into at around current levels.

Nitesh Rane's request to «ban burqa at examination centres,» Shiv Sena leader Raju Waghmare said that if Burqa is allowed during voting, then there should not be any problem with it during examinations.

enemy usually refers to someone who can cause harm in common parlance. However, according to the law enemy means a person or country is an enemy who or which committed external aggression against India. When people born in India decided to leave their property and belongings in India and emigrated to any of the enemy countries as classified by the government, their assets in India were labelled as enemy properties.

Subscribe to enjoy similar stories. EVEN AS AMERICA’S relationship with China enters a new, less predictable era, Donald Trump and Xi Jinping see the value in talking. On January 17th the leaders had a “very good" phone call, wrote Mr Trump on social media.

Kenneth Andrade, Founder & CIO, Old Bridge Capital Management, there are three sectors showing strong single-digit growth and mid-teen profit margins that he finds appealing. One major industry is pharmaceuticals, where he believes the companies have a strong chance of success. We are the world's lowest-cost producer because we manage our own supply chain. Andrade is also very interested in the aviation sector and the broader transportation industry. The third sector is a well-established area in IT and IT services. Andrade further says that when the market recovers, it's important to review the ideas you invested in and stay patient. Build a portfolio that you want to keep for the next five years. With every chance you get, reinvest in the same stocks you already own. What is your experience telling you? Have markets peaked out for a long time? Are we in for a long winter? Kenneth Andrade: It depends upon how you categorise it. But I definitely think we have had a great five years, especially after the pandemic. And all of us need a little bit of a breather, including the marketplace. So, hopefully what set in at the beginning of this calendar year continues to consolidate and some of the froth needs to get out of the system. Too many excesses have been built up over the last two years. I hope that this consolidates well around this place.

Subscribe to enjoy similar stories. Two former chairmen of the Securities and Exchange Board of India (Sebi) have, over the last four months, called for studying the impact of regulation, so that it can be factored into decision-making. M.