Day: April 26, 2024

Finance Minister Nirmala Sitharaman spoke on the ongoing debate over inheritance tax and said that it affects the middle class adversely, hampering their hard-earned assets. “It (inheritance tax) directly hits the middle class. They work hard, sweat and toil of theirs are saved in small savings here and there, or they buy a house, a

The Indian aviation industry is experiencing a surge in air travel demand, prompting airlines to invest in expanding their fleets through substantial aircraft orders.The most recent development involves IndiGo, placing an order for 30 A350-900 widebody aircraft from European manufacturer Airbus on April 25, 2024.The deal, estimated to range between $4 billion and $5 billion

Tech Mahindra shares witnessed their biggest intraday gain in nearly 8 years on Friday after the company reported its Q4 results.The company’s shares surged despite a 41% year-on-year (YoY) decline in net profit to Rs 661 crore. Additionally, the revenue from operations during the quarter also fell 6.2% YoY to Rs 12,871.30 crore.This is because

Benchmark stock market indices opened the trading session on a flat note despite strong gains in information technology (IT) shares.The S&P BSE Sensex was down 110.27 points at 74,229.17 at 10.07 am, while the NSE Nifty50 was down 31.35 points to 22,539.While the other broader market indices were trading in positive territory, gains were capped

Nawaz Modi, the estranged wife of Raymond Group Chairman and Managing Director Gautam Singhania, claimed that there is an ongoing bid to remove her from the company’s board. In an exclusive interview with India Today TV, Nawaz Modi said, “They are (using) invalid grounds for my removal. Has the major shareholder promotor lost his confidence

FirstCry is set to withdraw its documents for an initial public offering (IPO) worth up to $500 million as soon as next week after facing scrutiny from the market regulator Securities and Exchange Board of India (Sebi).Sebi has raised questions related to key metrics the baby and kids products retailer disclosed to investors, reported news

The Initial Public Offering (IPO) of JNK India Limited saw interest from investors, with the subscription reaching 28.07 times on the final day of bidding.According to data from the stock exchanges, the IPO received bids for 31,10,55,408 shares against the offered 1,10,83,278 equity shares.The price range for the IPO was set between Rs 395 to

IndiGo, India’s leading airline by market share, announced a fresh procurement deal with Airbus on Thursday. The deal involves the acquisition of 30 Airbus A350-900 widebody aircraft, scheduled for delivery commencing in 2027.This move marks a strategic expansion for IndiGo into the long-haul segment, said the airline in a statement. Additionally, the airline disclosed its

Benchmark stock indices ended the day a little higher, after a rebound, mainly driven by a surge in financial sector stocks.The S&P BSE Sensex added 0.66% to end at 74,339.44, while NSE Nifty50 rose by 0.75% to reach 22,570.35. Initially, both benchmarks dropped by approximately 0.4% in the opening trading session before bouncing back.Notable gains

A video featuring Zerodha co-founder Nikhil Kamath is going viral, where he is seen speaking in support of the controversial ‘inheritance tax’ which has been doing the rounds amid the ongoing elections. “When wealth moves from one generation to the next, there should be a way to share a part of it. Inheritance tax has