Business Blogs News - Page 5

Budget 2020-21: Revenue projections unrealistic, quality of spending worrying in Nirmala Sitharaman's fiscal roadmap

In 2018-19, gross tax revenue was estimated at Rs 22.7 lakh crore; the actual collections were Rs 20.8 lakh crore – 9 percent less.

Budget 2020: Has Finance Minister Nirmala Sitharaman set an unrealistic disinvestment target?

There are measures announced in the Budget which help to facilitate business, especially SMEs which is useful

Budget 2020: Unless Centre gets states to enact model laws, farm investment and incomes cannot rise

Next year’s budgeted outlay for agriculture is 32 percent higher than the revised estimates but just three percent more than the Budget estimate of this year.

Nirmala Sitharaman tried to please everyone and ended up satisfying none; Budget 2020 is a lost opportunity

Nirmala Sitharaman's careful grafting and granular approach gave the impression of a government still relying on cautious optimism and refusing to acknowledge the extent and nature of the slowdown that has pushed Indian economy to the brink of a stagflation

Pipeline or pipe dream? Nirmala Sitharaman's Public-Private Partnership talk in Union Budget 2020-21 needs a big reality check

When the hype ebbs on the longest Indian budget speech at 160 minutes, questions remain on both quantitative numbers and the administrative detail of the qualitative plans outlined

Nirmala Sitharaman offers tax cuts with riders, sops to startups in record 160-minute speech; industry unimpressed

The startup sector got a host of measures in Budget 2020 including relaxing tax incentives and setting up of investment clearance cell for startups and entrepreneurs with a view to promote their growth

IDBI shares zoom 18% after Finance Minister Nirmala Sitharaman announces sale of balance govt holding

The government's balance holding in IDBI bank will be sold to private retail investors.

Budget 2020: Sensex plunges over 450 points, Nifty below 11,900 after Nirmala Sitharaman projects widening of fiscal deficit

Sensex was trading over 150 points higher ahead of the Budget presentation.

Sensex slumps over 200 points, Nifty test 11,900 ahead of Budget; Tech Mahindra, PowerGrid, Tata Steel, among top losers

After shedding 279 points in early trade, the 30-share Sensex was trading 124.96 points or 0.31 percent lower at 40,598.53, and the broader NSE slipped

Budget 2020: Startups expect slew of sops from tax cuts to simplification of GST filing systems from finance minister

The government is expected to provide tax incentives to startups in the forthcoming Budget to support the growth of budding entrepreneurs

Budget 2020: Abolishing dividend distribution tax, rationalising income tax slabs among most expected reliefs from Nirmala Sitharaman

This year’s Budget should look at increasing the limit of deduction under section 80C.

Budget 2020: Financial sector players want govt to consider reducing GST on term insurance, streamline KYC norms

The NBFC sector is looking forward to measures in Union Budget to bring NBFCs at par with Banks and other financial institutions on the regulatory landscape.

Budget 2020: Govt must give priority to agriculture, empower farm sector to revive economy; don't hand out doles and sops

In Budget 2020, it is fervently hoped that the government will focus on genuinely empowering the farm sector.

Wipro CEO Abidali Z Neemuchwala to step down, Board starts search for successor

Neemuchwala, 52, will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition and to ensure that business continues as usual, the company said in a BSE filing

Sensex jumps over 200 points ahead of Economic Survey, Nifty holds 12,000-mark; Wipro shares decline after CEO resigns

According to analysts, the market is now focused on the Economic Survey and the Union Budget, with high expectations of further stimulus to the economy

Bank strike from today: Over 10 lakh employees to take part in 2-day stir; services at branches, ATM services to be hit

"Today's talks with Indian Banks' Association (IBA) failed on-demand from unions, so strike call stands," AIBEA General Secretary C H Venkatachalam said on Thursday

Yes Bank sells over 15 lakh shares of SICAL Logistics; shareholding in firm now comes down in 5.49%

SICAL Logistics is engaged in providing dredging and retail supply chain logistics solutions

IBM CEO Gini Rometty to step down; cloud boss Arvind Krishna who spearheaded Red Hat deal to take over in April

Rometty, 62, will continue as executive chairman and will retire at the end of the year.

Tata Motors posts Rs 1,756 cr Q3 profit on higher JLR sales; flags slowdown, coronavirus impact on business

Tata Motors MD and CEO Guenter Butschek said the downturn in the automotive industry continued in the third quarter as the economy slowed down

Budget 2020: From safety issues to tax incentives for entrepreneurship, women expect friendly financial sops from Nirmala Sitharaman

With a woman Finance Minister at the helm of Union Budget 2020, expectations for women-friendly schemes are quite high

Budget 2020: Expect Nirmala Sitharaman to continue with govt's focus on infrastructure development; will boost job opportunities

While commercial housing is on an upswing, rental housing is a very important aspect that should have renewed focus and policy measures to boost residential real estate in the Budget

Budget 2020: Finance Minister Nirmala Sitharaman must consider announcement of implementation of proposed Direct Tax Code

One of the major demands of corporates is that the government should replace the dividend distribution tax on dividends with the withholding tax (WHT) on dividends

Budget 2020: Will govt be brave enough to walk the extra mile, turn tables and spark a rebound in economic growth?

The Indian economy is going through a sustained slowdown with growth slowing for over five quarters now, marking this the longest slowdown in the country since liberalisation

Budget 2020: Access to cheaper credit, tax rationalisation can revive economy, boost consumption

To provide the necessary impetus to retail investors, the government could look at personal tax slab changes and roll back long-term capital gains tax

Budget 2020: Govt must take bold steps to bring private participation into infrastructure building to spur demand

One of the largest sources of demand for manufacturing products is the government’s investment in infrastructure and building assets

Government expected to push the pedal for agri reforms; here's a list of centre's schemes that can help

With an increased focus on addressing the systemic challenges in the agriculture sector, the upcoming Budget may see greater attention on the agriculture sector covering policy reforms and technical intervention.

Budget 2020: Its time govt introduced forward-looking, simplified version of I-T Act; should focus on long overdue Direct Taxes Code

On the side-lines of the Budget, the government should also focus on releasing the new Direct Taxes Code, which is long overdue.

Budget 2020: Access to uninterrupted and affordable electricity will be key to achieve India’s $5 trillion economy goal

India will not be able to achieve a self-sustaining energy future without disruption in its energy distribution model

Sensex drops over 150 points, Nifty down ahead of January derivatives' expiry; Tata Steel top loser, sheds up to 2%

After opening 181 points higher, the 30-share BSE index turned volatile and surrendered all gains to trade 168.61 points or 0.41 percent lower at 41,030.05

Raising sizeable capital could be challenging for Yes Bank, says India Ratings; lender in discussions with potential investors

India Ratings (Ind-Ra) has maintained RWN on the Basel III tier-2 bonds of Rs 11,000 crore, additional Basel tier-1 bonds of Rs 11,100 crore and infrastructure bonds of Rs 3,580 crore