Vaasu

India economy

The Congress slams the government over different tax rates on popcorn and asks whether the Prime Minister will show courage for a revision of the GST

Image used for representational purposes only. | Photo credit: BISWARANJAN ROUT The Congress on Sunday (Dec 22, 2024) said the “absurdity” of three different tax slabs for popcorn under GST only exposes the growing complexity of the system and asked whether the Modi government will show the courage to to launch complete revision for instituting…

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Stock Market

GIFT IFSC relaxes fund management rules and reduces minimum corpus requirements

The International Financial Services Centers Authority (IFSCA) has relaxed fund management rules to make it more attractive for fund managers to register with Gift IFSC. The Fund Management Entity (FME) rules allow retail schemes, non-retail schemes (alternative investment funds), investment trusts and portfolio management services. As of March 31, 2024, there were 104 FMEs registered…

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Stock Market

Market capitalization of top 10 most valued companies falls by ₹4.95 lakh crore; TCS, Reliance worst hit

The combined market valuation of all top 10 most valued companies fell by ₹4,95,061 crore last week, in line with a bearish trend in equities, with Tata Consultancy Services and Reliance Industries facing the sharpest erosion. Last week, the benchmark BSE fell 4,091.53 points or 4.98 percent. “The Indian stock market recorded its steepest weekly…

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Stock Market

Market strategy: Overweight in banking and IT, selective in small and midcaps; Zomato, ICICI Bank among the top picks: Motilal Oswal

The Indian stock market is expected to close the calendar year 2024 on a strong footing, with the benchmark indices Sensex and Nifty 50 returning over 8% year-to-date (YTD), marking the ninth consecutive year of gains . However, markets have seen a sharp correction of around 11% over the past two months, pulling back from…

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