Labour and employment minister Mansukh Mandaviya emphasized the Modi government’s priority on industry and trade to elevate India to a developed nation by 2047. Highlighting initiatives like ‘Make in India’ and ‘Startup India’, he noted the increase from four to 118 unicorns over the last decade.
Hitesh Mehta, the general manager of New India Cooperative Bank, was arrested by Mumbai police for allegedly embezzling Rs 122 crore. The case, initially reported at Dadar police station, was later transferred to the Economic Offences Wing. The arrest followed a complaint by the bank’s acting CEO.
Harsh Jain, CEO of Dream11, has requested for creation of an independent regulator like SEBI for the online gaming industry. He warns that the sector will collapse if forced to pay the retrospectively imposed GST, which impacts 400 companies and threatens their financial viability. Jain suggests lower tax rates based on Gross Gaming Revenue.
Foreign investors have been selling Indian equities rapidly since the start of 2025, with outflows nearing Rs 1 lakh crore. This sharp shift follows US President Donald Trump’s return to the White House, leading investors to favor the American economy.
New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman introduced the New Income Tax Bill 2025 in Lok Sabha, set to replace the Income Tax Act 1961. The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections while consolidating related content for easier understanding and compliance.
US President Donald Trump intends to impose reciprocal tariffs on countries like China, Brazil, and India to address trade imbalances and make American industries more competitive. While US tariffs are comparably low, Trump’s statements suggest a tit-for-tat approach that might lead to increased prices in the US.
Rising global cocoa prices have led to a surge in chocolate costs this Valentine’s Day, with chocolate makers like Amul and Smoor Chocolates increasing prices. Companies like Mondelez, Hershey’s, and Nestle are also dealing with unprecedented cocoa cost inflation and may implement further price hikes. Consumers already facing inflation now have to spend more on […]
Sebi has rejected Digvijay Gaekwad’s application to make a competing offer for Religare Enterprises, citing insufficient proof of financial resources and non-compliance with a Supreme Court order. This clears the path for the Burmans, who are the largest shareholders, to gain control of the company.
New Income Tax Bill 2025 explained: The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, introduce a clear tax year, and make legal language more understandable. Changes include streamlined TDS rules and reorganized provisions for salary and exempt incomes.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Friday. While BSE Sensex moved up over 300 points, Nifty50 crossed 23,100.
