The Union Budget for 2024-25 increased the short-term capital gains (STCG) tax rate from 15% to 20% and the long-term capital gains (LTCG) tax rate from 10% to 12.5%. This widening of the tax gap from 5% to 7.5% has sparked considerable discussion about the challenges it poses for PMS strategies, especially those with high … Read more
Abhay Soi, MD & CEO, Max Healthcare, says in the previous year, EBITDA to free cash flow translation used to be 78%, it has come down to 70%. It is due to the higher amount of taxes that Max Healthcare is paying. Soi further says that any hospital chain which has capacity constraints going forward … Read more
When it comes to parking one’s hard-earned money into safe investment tools, fixed deposit schemes are still the most chased ones looking at the volatility in the market. As the Reserve Bank of India kept the repo rate at the same level, many banks have tweaked their fixed deposit rates to attract customers. In the … Read more
Although Union Finance Minister Nirmala Sitharaman will be presenting the Interim Budget ahead of the scheduled Lok Sabha elections in May, startups and experts feel that the government should offer clarity on ESOP taxation to benefit start-up employees. ESOPs (Employee Stock Ownership Plans) are employee incentives that companies use to attract, reward, and retain talent. … Read more
BJP State president Daggubati Purandeswari demanded that the YSR Congress Government should explain why the taxes on petrol and diesel were high in Andhra Pradesh. In a message on ‘X’ on September 3, Ms. Purandeswari said the Central Government has reduced the tax on petroleum twice, and wondered why the A.P. Government could not bring … Read more
BJP Leaders Basavaraj Bommai, Sunil kumar and Chief Minister Siddaramaiah having a meeting at Speakar U. T. Khader’s chamber at Vidhana Soudha. | Photo Credit: The Hindu On the eve of the presentation of the State Budget, BJP leader and former Chief Minister Basavaraj Bommai urged Chief Minister Siddaramaiah to desist from imposing new taxes, … Read more
Madhya Pradesh Finance Minister Jagdish Devda presents the State Budget 2023-24 in the Assembly, in Bhopal on Wednesday, March 1, 2023. Madhya Pradesh Chief Minister Shivraj Singh Chouhan is also seen. | Photo Credit: PTI The Shivraj Singh Chouhan government in Madhya Pradesh has kept its last Budget of the outgoing Assembly a youth-and women-centric … Read more
“Value stocks would outperform growth stocks in this year as cyclical would be back in favour in this year owing to the capex recovery being seen not just in India but rest of the world too,” says Aniruddha Sarkar, Chief Investment Officer, Quest Investment Advisor. In an interview with ETMarkets, Sarkar who has over 15 … Read more
Former U.S. President Donald Trump’s redacted returns for 2015 through 2020 have been released. File | Photo Credit: Reuters A Democratic-controlled U.S. House of Representatives committee released six years of former President Donald Trump’s tax returns to the public on Friday in an extraordinary move days before Republicans take control of the chamber. The release … Read more
Mumbai: (), India’s biggest company by market value, Friday reported a 41% jump in consolidated profit in the June quarter as cheaper Russian crude and robust fuel demand boosted refining margins, while consumer-facing retail and telecom segments also clocked higher revenues. Net profit came in at ₹19,443 crore, missing Street estimates on higher taxes and … Read more