India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi: In a significant regulatory move, the Securities and Exchange Board of India on Thursday proposed bringing back open market share buybacks through stock exchanges, following recent changes in the tax framework. In a consultation paper, the market regulator suggested that companies should once again be allowed to repurchase their shares directly from the secondary market as an additional option under existing buyback rules. This method had been discontinued earlier due to tax-related concerns. SEBI said the recent amendments in the Income Tax Act have removed the earlier imbalance in taxation. Under the revised rules, buyback proceeds will now be taxed as capital gains in the hands of shareholders. This aligns the tax treatment of buybacks with regular share market transactions, making it fair for all investors. The regulator noted that shifting the tax burden from companies to shareholders has made selling shares in the open market similar to participating in a buyback through the stock exchange. It added that this method is widely used in global markets as it supports continuous price discovery and improves liquidity. SEBI also said that reintroducing open market buybacks would give companies more flexibility in managing their capital while ensuring equal treatment of public shareholders from a tax perspective. However, it added that the move would be subject to appropriate regulations and compliance mechanisms. The proposal comes after industry bodies such as the Federation of Indian Chambers of Commerce and Industry and the Association of Investment Bankers of India raised the issue with the regulator. These organisations argued that open market buybacks are more efficient and are commonly used worldwide, helping companies stabilise their share prices. If implemented, the move could mark a key shift in India's capital market regulations, offering companies another route to return cash to shareholders while improving overall market efficiency.
Alber doubled Williams-Sonoma's business since 2010 and widened the margin; growth is expected to continue and support a healthy capital return. There are many reasons to own a stock, and the CEO is one of them. The right CEO can be the defining factor in a company's success, shaping operations, driving growth, and delivering substantial shareholder returns. Strong leadership often signals not just steady performance but transformative potential. Brian Niccol and Laura Alber are prime examples of how executive vision can create lasting value. Their track records at Chipotle Mexican Grill Inc ...Read More >
New Delhi, Dec 26 (PTI) The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments in a bid to stay afloat. Others who invested in MSEI are -- BSE-listed Share India Securities, and Securocorp Securities India. The exchange's board in its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 premium to these four investors through a private placement, according to a disclosure on MSEI's websit ...Read More >
New Delhi [India], January 8 (ANI): The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India). EY India also asks for deferring tax deduction at source (TDS) on PF interest rate (above 2.5 lakhs) until the withdrawal stage to reduce compliance burden. In the previous budget TDS rate rationalization was undertaken to a certain extent. To further simplify th ...Read More >
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) will appear on two consecutive days, Sept 26 and 27, a rare alignment that hasn't occurred in nearly ...Read More >
New Delhi: Taxpayers now have more time to file their Income Tax Returns (ITR), as the deadline has been extended to September 15, 2025. While many have already completed the process, others are still getting their documents in order. To make your ITR filing hassle-free, here are 8 important documents you should keep handy. 1. Form 16 Form-16 is a must-have if you're a salaried employee. It gives a detailed summary of your salary, along with the tax deducted by your employer during the year. 2. TDS Certificates TDS certificates are proof that tax has been deducted from your income. These a ...Read More >
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner. Since the discussions are in initial stage, there is no ...Read More >
Brookfield India Real Estate Trust's Rs 2,800- crore QIP has drawn interest from institutional investors such as India's biggest insurer Life Insurance Corporation of India (LIC), World Bank arm IFC and mutual funds such as ICICI Prudential MF and SBI MF, sources told Moneycontrol. The Canadian investment firm Brookfield-backed firm's QIP, with a base issue size of Rs 2,800 crore, saw a 2x demand from investors, the sources said. "This is the first time LIC and IFC have invested in a REIT in In ...Read More >
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging Business Conclave. "It (plane crash) was an unfortunate incident. The AAIB has begun a full investig ...Read More >
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon of 8.95% on its two-year bonds, 9.15% on three-year bonds and 9.30% on five-year bonds, and will also have an option to defer interes ...Read More >
Mumbai, November 26: The final allotment for the NTPC Green Energy IPO has been confirmed, and investors can now check their status through bank debit messages or online platforms such as the BSE, NSE, and Kfin Technologies. The shares of NTPC Green Energy, which opened for subscription on November 19 and closed on November 22, are set to be listed on the stock exchanges on Wednesday, November 27, 2024. The public offering received strong investor interest, with the issue oversubscribed by 2.42 times, according to the National Stock Exchange (NSE). Analysts maintain a positive long-term outlo ...Read More >
HELSINKI - Finnish financial company Sampo Oyj (HEX:SAMPO) has completed the acquisition of its own A shares on November 26, as part of its ongoing share buyback program. The company reported that a total of 93,734 shares were purchased across various marketplaces at a weighted average price of €40.16 per share. The buyback initiative, which was first announced on June 17, 2024, originally set out to purchase up to €400 million worth of its own shares. Following a decision by Sampo's Board of Directors on September 16, 2024, the program was expanded to €475 million. The buyback is conducted u ...Read More >
At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close. On ...Read More >
The company's shares, which were priced at just ₹7.75 apiece three years ago, have skyrocketed by an incredible 25,758%, currently trading at ₹2,004. At the stock's peak price of ₹3,169, achieved in early October, the returns were even more astounding, reaching 40,790%. Eraaya Lifespaces has been making significant strides on Dalal Street, with its shares consistently reaching record highs month after month, delivering substantial returns to its shareholders in a relatively short time. The company's shares, priced at just ₹7.75 apiece three years ago, have skyrocketed by an incredible 25,758 ...Read More >
NEW DELHI: After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilising secondary market and easing geopolitical tensions, merchant bankers said.Among the companies preparing to tap the capital markets are HDB Financial Services, a subsidiary of HDFC Bank, National Securities Depository Ltd (NSDL), Kalpataru, Rubicon Research, All Time Plastics, Regreen-Excel EPC India, and Paramesu Biotech, they added.Additionally, Credila, SK Finance, Veritas Finance, Paras Healthc ...Read More >
New Delhi: Chief minister Rekha Gupta on Sunday said authorities cannot go against demolition orders issued by courts and stressed that displaced residents have been provided accommodation.Her words came in the wake of the recent Madrasi Camp demolition for which the opposition Aam Aadmi Party (AAP) has criticised her. AAP has targeted Gupta, and alleged that the displaced Madrasi Camp residents were provided homes in faraway Narela, and those lack basic amenities.Attending an event to mark the construction of a Jan Sewa camp at a slum cluster in the Haiderpur area, Gupta told reporters: "In t ...Read More >
Mumbai, June 27, 2025 -- Indian equity benchmarks, Sensex and Nifty 50, are poised for a strong start on Friday, riding the wave of global optimism and supportive domestic sentiment. Gift Nifty was trading around 25,715, nearly 100 points above Nifty futures' previous close, signaling a positive bias at the opening bell. The Nifty 50 had closed Thursday at a 9-month high of 25,549, while the Sensex rallied 1,000 points to end at 83,755. With the Israel-Iran ceasefire holding, investor sentiment across Asia and the US improved further overnight. Also Read: Bank Nifty Hits Record 57,076; HDFC ...Read More >
Mumbai: The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said. Also, dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration after Donald Trump takes over as president January 20. At the interbank foreign exchange, the ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): NSE Sustainability Ratings and Analytics, a defunct subsidiary of the stock exchange NSE, has launched ESG ratings services for listed companies. It marks a significant milestone in advancing sustainable business practices in India. Also Read | Startup Growth in India: Country Now Has 1.76 Lakh Registered Startups and 118 Unicorns, Says FM Nirmala Sitharaman. NSE Sustainability focuses on assessing Environmental, Social, and Governance (ESG) performance, providing stakeholders with vital information to make informed decisions. The company NSE Sus ...Read More >
New Delhi: Indian Oil had declared a dividend in its Q4 results for the financial year 2024-25, which was announced earlier in April. Indian Oil, a Maharatna company and a key constituent of the BSE 100 index, holds a market capitalization of Rs 2,06,452.51 crore as of June 26, 2025, according to BSE data. In an exchange filing made earlier in April, Indian Oil's board of directors declared a final dividend of 30 percent for the year 2024-25, which translates to Rs 3 per equity share of Rs 10 face value. This means that shareholders will receive Rs 3 as dividend for each share they hold. The ...Read More >
Mumbai: The Indian stock markets ended on a strong note on Friday, with benchmark indices touching a nine-month high. Investors were in a positive mood as tensions in West Asia eased amid reports of a 'great' India-US trade deal possibility, thus lifting market confidence and encouraging buying. The Sensex climbed 303.03 points, or 0.36 per cent, to close at 84,058.90. It traded within a range of 83,645.41 to 84,089.35 during the day. This is the fourth straight session of gains for the benchmark index, marking a steady upward trend. The Nifty also saw a similar rise, gaining 88.80 points, o ...Read More >
New Delhi: Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks, including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed Executive Director of Reliance Indus ...Read More >
TIPS Music, one of India's leading music labels, has received a 'Buy' rating from YES Securities as it initiated coverage on the firm, with a target price of Rs 1,050, indicating a potential upside of 18% from the current market price of Rs 888.65. Shares of TIPS Music climbed as much as 1.7% on Tuesday to Rs 888.65 on BSE. Yes Securities has valued TIPS Music at a Price-to-Earnings (P/E) ratio of 47 times based on projected earnings per share (EPS) for September 2026, reinforcing its bullish recommendation. The bullish stance comes as TIPS Music leverages industry tailwinds, such as the rapi ...Read More >
Markets opened on a cautiously optimistic note on Wednesday, with the Sensex and Nifty showing marginal gains, while investors closely monitored global economic indicators and upcoming domestic policy decisions. The Sensex opened higher at 81,036.22 from its previous close of 80,845.75 and is currently trading at 81,168.92 as of 9.45 am, up by 323.17 points or 0.40 per cent. Similarly, the Nifty opened at 24,488.75 compared to its previous close of 24,457.15 and is now at 24,558.20, rising by 101 ...Read More >
For investors, this means that any profits made from selling cryptocurrencies will now be subject to capital gains tax.Source : Ewan Kennedy/Unsplash The Income Tax Appellate Tribunal (ITAT) in Jodhpur has provided much-needed clarity on the taxation of cryptocurrencies in India. The ruling recognises cryptocurrencies as capital assets, setting a framework for how profits from their sale are taxed, especially for transactions made before the Government introduced specific guidelines for Virtual ...Read More >
Mumbai: The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, according to a regulatory filing on the BSE. These contracts -- linked to the price of electricity -- will allow power generators, distribution companies, and large consumers to hedge against price volatility and manage risks more effectively. "The electricity derivatives contracts will enhance efficiency in the power market," MCX said in its filing. The launch marks the resolution of a long-standing jurisdictional tussle over the ...Read More >
Mumbai: After a quiet start to 2025, India's primary market is finally showing signs of recovery. Over 12 companies are getting ready to launch their Initial Public Offerings (IPOs) in the next 3 to 6 months, according to merchant bankers. This comes as the stock market stabilizes and global tensions ease, making investors more confident. Big Names Preparing to Launch IPOs Some of the major companies planning IPOs include: Other names like Credila, SK Finance, Veritas Finance, Paras Healthcare, CIEL HR Services, Avanse Financial Services, Drof-Ketal Chemicals India, Brigade Hotel Ventures, ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JioBlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm in India, a company statement said Friday. JioBlackRock Broking aims to bring affordable, transparent, and technology-driven execution capabilities for Indian investors. Also Read | Did 21-Year-Old Muslim Man Marry His 65-Year-Old Grandmother After Grandfather's Death in Haryana? Fake News Along With Image From Old Scripted Video Goes ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum is facing a crucial test as bulls and bears lock into a tight battle around the $2,500 level. Despite repeated attempts, bulls have yet to establish control above this key resistance, while bears have been unable to push the price to new lows, signaling an indecisive but increasingly tense standoff. This price compression comes at a time when broader market sentiment is shifting. The US stock market has just reached a new all-time high, and analysts believe crypto could ...Read More >
Zee Entertainment Enterprises Ltd (ZEEL) shares rose 5% on November 29 a day after shareholders rejected proposal to reappoint Punit Goenka as director. The media firm's shares rose over 5% to Rs 132.69 apiece on November 29. In a regulatory filing by the company on November 28, ZEEL said that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director, was supported by only 49.54 per cent of the total number of votes cast while 50.4 per cent voted a ...Read More >
Mumbai, Dec 17 (PTI) The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the US dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets. Forex traders said the rupee is likely to remain under pressure due to concerns over slowdown in the economy and dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.89 and touched an all-time low of 84.93 against the greenback during intra-day trade. The unit finally ended the session marginally higher by ...Read More >