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: Markets regulator Sebi on Thursday proposed reintroducing buyback of shares from the open market through stock exchanges as an additional method for companies to repurchase shares, following changes in the taxation framework. This mechanism was discontinued effective April 1, 2025, due to concerns regarding the equitable treatment of shareholders and implications arising from the then-prevailing taxation framework. "The reintroduction of this method of buy-back would provide companies with an additional mechanism for undertaking buy-back, while ensuring equitable opportunity and treatment of taxation for public shareholders," Sebi said in its consultation paper. Under the existing framework, companies can undertake buybacks either through a tender offer route or via the open market using the book-building process. The stock exchange route was withdrawn earlier due to concerns over equitable treatment of shareholders and tax-related disparities. Sebi said that under the earlier regime, buybacks through stock exchanges could result in a situation where a few shareholders cornered most of the buyback, while others willing to participate were left out due to the price-time matching mechanism. Additionally, the then-prevailing taxation structure led to unequal outcomes among shareholders. However, the regulator noted that subsequent changes in the taxation framework have addressed these concerns. Following amendments through the Finance Act, 2026, buyback proceeds will now be taxed as capital gains in the hands of shareholders, replacing the earlier system where companies paid buyback tax.
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 >
Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged '17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of '10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party. The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group, for questioning i ...Read More >
New Delhi [India], September 30: Investing in unlisted companies--essentially buying shares before they are listed on the stock exchange--is gaining significant traction in India. The appeal is clear: investors can potentially earn in two ways, first, by riding valuation gains before listing, and second, by pocketing a listing premium when the company finally goes public. Also Read | Was Sonam Wangchuk Arrested on the Directions of Defence Minister Rajnath Singh Without Any Evidence? PIB Fact Check Debunks Digitally Altered Video of Ladakh DGP SD Singh Jamwal. The Pre-IPO Buzz With India's ...Read More >
New Delhi, Oct 27 (PTI) Helmets manufacturer Studds Accessories Ltd is targeting to raise Rs 455 crore through its initial public offering (IPO), which is scheduled to open on October 30. The company has set a price band of Rs 557 to Rs 585 per share, valuing it at around Rs 2,300 crore at the upper end of the range. The issue will close on November 3, while the anchor book will open for a day on October 29, the company said in a public announcement. The IPO will comprise only an offer-for-sale (OFS), with the promoter group and other shareholders offloading 77.86 lakh shares. Since the is ...Read More >
CHENNAI: Vedanta Ltd on Tuesday received a crucial legal clearance from the Mumbai bench of the National Company Law Tribunal, paving the way for the breakup of the diversified oil-to-metals conglomerate into five separate businesses, the company confirmed in a clarification sought by stock exchanges. The approval marks a major milestone in a restructuring exercise that the company has pursued for over two years, aimed at simplifying its corporate structure and sharpening the strategic focus of each business vertical. Under the approved scheme, the existing Vedanta Ltd will be reorganised so ...Read More >
Mumbai, Feb 24 (PTI) Up to 30 per cent of India's top-100 unlisted companies have the right business models and growth potential, making them candidates for listing on stock exchanges, a top official from Hurun India said on Tuesday. None of these companies identified in the 'JM Financial' - Hurun India Unlisted Gems 2026' have formally announced IPO plans yet. "I think some of them could (list). I think around 25-30 per cent has a potential to get listed, but they don't have IPO plans announced ready," Anas Rahman Junaid, founder and chief researcher at Hurun India, told PTI on the sideline ...Read More >
New Delhi, Mar 31 (PTI) The government has notified the Finance Act 2026, paving way for effecting changes in tax provisions. This Act gives effect to financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said. "The following Act of Parliament received the assent of the President on March 30, 2026 and is hereby published for general information," it said. Last week, Parliament approved the Finance Bill 2026 with the Rajya Sabha returning it to the Lok Sabha with a voice vote, completing the budgetary exerci ...Read More >
New Delhi, Mar 31 (PTI) Zetwerk Manufacturing Businesses has filed preliminary papers with markets regulator Sebi through the confidential route for an initial public offering (IPO) to raise between Rs 4,000 crore and Rs 5,000 crore. The proposed offering is expected to comprise a fresh issue of equity shares and an offer for sale (OFS) by existing shareholders, with details on issue size and valuation to be finalised through the book-building process, people familiar with the development said. The manufacturing marketplace counts investors such as Khosla Ventures, Baillie Gifford, Rakesh Ga ...Read More >
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 ...Read More >
New Delhi, Jul 17 (PTI) Adani Group has sold a 20 per cent stake in AWL Agri Business Ltd (formerly known as Adani Wilmar Ltd) to Wilmar International, Singapore, for Rs 7,150 crore, as part of its decision to exit the FMCG business and focus on the infrastructure vertical. As per the regulatory filing on Thursday, Adani Commodities LLP (ACL), a subsidiary of Adani Enterprises, will soon sell the residual 10.42 stake in AWL Agri Business Ltd, leading to a complete exit from the FMCG business. Also Read | 'A Decade of Digital India' Reel Contest by Government of India: How To Participate and ...Read More >
Founded in 1908, the 117-year-old institution once rivalled the Bombay Stock Exchange in trading volumes and stood as a symbol of Kolkata's financial heritage. The Calcutta Stock Exchange (CSE), one of India's oldest bourses, may this year celebrate its last Kali Puja and Diwali on October 20 as a functioning exchange, with the process of voluntary exit as a bourse nearing completion after a decade-long legal battle. Trading at CSE was suspended by SEBI in April 2013 following regulatory non-co ...Read More >
Mumbai, October 24: Tata Motors' name has been changed to Tata Motors Passenger Vehicles after the demerger. The Indian automobile giant will trade as TMPV on stock exchanges. It was effective after the company's stock adjusted to the demerger of its commercial vehicle business earlier this month. Soon, the shares of the demerged commercial vehicle business may be listed on stock exchanges, including BSE and NSE. TaMo (Tata Motors) has now officially become TMPV; however, the question arises about the investors. Who will be eligible for trading in Tata Motors Passenger Vehicles, and when? The ...Read More >
Mumbai: The National Stock Exchange (NSE), India's largest stock exchange, has officially started the process for its much-awaited Initial Public Offering (IPO). The company has issued an Offer for Sale (OFS) notice to its existing shareholders. This step marks the formal beginning of the IPO journey, which investors have been waiting for a long time. What Is OFS And Why It Matters? OFS (Offer for Sale) allows existing shareholders to sell their shares to the public. These shares will later be offered to new investors through the IPO. This is an important early stage of the IPO process, as ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
The shares of Coffee Day Enterprises sharply surged 10 percent to hit the upper circuit on July 15 after data on the latest shareholding pattern showed that veteran investor Dolly Khanna has bought some stake in the firm. Khanna held 32.78 lakh shares, representing 1.55 percent stake in the parent company of popular chain Café Coffee Day, according to BSE data showing the firm's shareholding pattern as at the end of the April-June quarter. Coffee Day Enterprises shares remained locked in the u ...Read More >
New Delhi: The Income Tax Bill 2025, set to be moved in the monsoon session of Parliament to simplify the direct tax law, will set the stage for another round of reforms which will be more substantive in nature in subsequent years, said two people informed about the discussions in the government The finance ministry is of the view that once the over-six-decade-old Income Tax Act, 1961 is simplified and made more readable, targeted reforms can be achieved in taxation of personal and corporate income. This will be done through the annual Finance Acts, said one of the persons quoted above. Majo ...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 >
New Delhi: Religare Enterprises has announced a ₹1,500-crore fundraise through preferential allotment of warrants to its promoter, the Burman family of Dabur, and a select group of investors including Ashish Kacholia, Hindustan Times group, Ashish Dhawan and JM Financial. The Burman family through various investment vehicles will subscribe to ₹750 crore worth (50%) of warrants, the company said in a stock exchange disclosure. The funds will be used to support business growth across verticals, drive strategic initiatives and explore new opportunities. Religare is in the business of loans, af ...Read More >
New Delhi, Jul 14 (PTI) Private sector lender Karnataka Bank on Monday said it has appointed Raghavendra Srinivas Bhat as its interim managing director (MD) and CEO for three months. The appointment is effective from July 16, 2025 for a period of three months or till the appointment of a regular MD and CEO whichever is earlier, Karnataka Bank said in a stock exchange filing. This comes after Srikrishnan Hari Hara Sarma resigned as MD and CEO on June 29 citing personal reasons including his decision to relocate to Mumbai. Besides, executive director Sekhar Rao had quit citing his inability to ...Read More >
READ: Indian Companies Brace for Buyback Rush Before Tax Changes The regulator's step comes amid growing demand by investors to reinstate the mechanism after it was banned in April last year due to an unfair tax advantage for investors selling shares in a buyback. Indian stocks fell 11% in March as foreign investors sold a record amount of shares due to uncertainty over the US and Israel's war in Iran. SEBI said new tax amendments introduced by the government addressed earlier concern that some shareholders were selling shares in a buyback to avoid paying taxes on capital gains made. The ea ...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: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
NEW DELHI/BATHINDA: The Directorate of Enforcement (ED) on Friday conducted searches at 22 de-addiction centres across Punjab, including in Chandigarh, Barnala and Ludhiana, after its investigation revealed illegal sale of drugs by these centres. The agency also searched a premise in Mumbai linked to the accused.Dr Amit Bansal, who runs these 22 centres, is prime accused in the case, sources said. Bansal, against whom Punjab Police has registered multiple FIRs, is alleged to be engaged in illegal sale of drugs from his de-addiction centres.Privately-run drug de-addiction centres in Punjab are ...Read More >
New Delhi, Sep 12 (PTI) The US Securities and Exchange Commission (SEC) has granted exemptive relief for Infosys' share buyback as requested by the company, according to a statutory filing on Friday. The exemptive relief from the US securities' regulator is on certain aspects of the tender offer procedures, due to conflicting regulatory requirements between Indian and US laws for tender offer buybacks, Infosys said in the BSE filing. The Board of India's second largest IT services company on Th ...Read More >
New Delhi, Oct 24 (PTI) Orkla India, which owns spices and condiments brands MTR and Eastern, on Friday fixed a price band of Rs 695-730 per share, aiming for a valuation of around Rs 10,000 crore at the upper end. The company's Rs 1,667 crore Initial Public Offering (IPO) will open for public subscription on October 29 and conclude on October 31, according to a public announcement. Anchor investors can submit their bids on October 28. The company's IPO is a complete Offer For Sale (OFS) of 2.28 crore equity shares by promoter and other shareholders, with no fresh issue component. Under th ...Read More >
New Delhi, Jun 30 (PTI) Torrent Pharmaceuticals expects the Rs 19,500-crore deal to acquire majority stake in Mumbai-based J B Chemicals and Pharmaceuticals to complete over the next 15-18 months. As per the deal, which is the second largest in the domestic pharmaceutical space behind Sun Pharma's 2015 acquisition of Ranbaxy, Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of ...Read More >
Ahmedabad (Gujarat) [India], July 17 (ANI): Adani has executed the sale of a 20 per cent stake in AWL Agri Business Limited to Wilmar International, Singapore, with the deal size valued at Rs 7,150 crore, according to a stock exchange filing by Adani Enterprises. The stake sale was executed at Rs 275 per share. Also Read | Assam: 1 Killed, Several Injured in Clash Between Evicted People, Security Forces in Paikan Reserve Forest in Goalpara District (Watch Videos). In December 2024, Adani Commodities LLP (ACL), subsidiary of Adani Enterprises Ltd and Lence Pte. Ltd., subsidiary of Wilmar Int ...Read More >
Lucknow, Jul 17 (PTI) To curb illegal mining and transportation, the Uttar Pradesh government is deploying advanced technologies under the Integrated Mining Surveillance System (IMSS), a release said on Thursday. Mining activities are already being monitored through drones, geo-fencing, RFID tags, and AI-powered check gates. Now, the state is set to introduce 'Weigh-In-Motion' (WIM) technology to accurately track vehicle overloading. Also Read | 'Arvind Kejriwal Used Government Funds to Buy Mobiles Costing Up to INR 1.63 Lakh', Claims Delhi Minister Ashish Sood. According to the official re ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BELOW VIDEO Net GST collections, after accounting for refunds, took a hit by growing by just 1.7 per ...Read More >
New Delhi: The government has notified the Finance Act 2026, paving way for effecting changes in tax provisions. This Act gives effect to financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said. "The following Act of Parliament received the assent of the President on March 30, 2026 and is hereby published for general information," it said. Also Read: Union Budget 2026 gets Parliament nod; Finance Bill approved Last week, Parliament approved the Finance Bill 2026 with the Rajya Sabha returning it to the ...Read More >