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They are trying to limit the stock market frenzy by throwing sands in the wheels of stock market participation. Retail investors should listen and act on the growing concerns over high valuations and excesses of stock markets
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Budget’s changes will help outbound funds set up in IFSC raising money from resident investors. But the changes could have a negative effect on NAVs of offshore FPIs
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Analysts believe that this reduction in gold duties could lead to lower gold prices, which could negatively impact gold loan companies in the near term by diminishing their financial cushion or 'margin of safety.'
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Mergers in the PSU space come with human resource management issues, in many cases, notes Pandey, it could lead to insurmountable problems.
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The focus on fiscal discipline could boost the case for a sovereign rating upgrade. Robust economic growth, strong earnings growth, and sticky domestic investor base are supportive factors for Indian equities. Outlook for government bonds remains bright as well
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While the budget might bring some shifts, the overall attractiveness of equities for long-term returns remains strong, said A Bala
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The ministry has set a target of increasing GST collections by 11 percent in FY25, against a GDP growth of 10.5 percent.
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Moneycontrol takes a look at how some of stocks in different sectors reacted to the announcements in the Budget, now that the market has had sufficient time to digest the fine print.
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India is not shying away from capex, but rather setting the stage for structural capex trends. The stage is set for structural long-term growth and rating upgrades down the road!
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The change in STT, LTCG, STCG tax structure was a negative surprise for the market to an extent that the marginal hike in tax rates has become a mood spoiler. The only impact it will have is sentimental in nature and not economical/fundamental in nature
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While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman proposed increasing the tax on LTCG from 10 percent to 12.5 percent while increasing the STCG from 15 percent to 20 percent.
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Even with a slew of announcements indirectly benefiting the FMCG segment, Naren said that he is not so sure about the segment emerging as a theme post-budget because the valuations in the segment are pretty expensive right now.
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The Budget announcements on DFM will bolster the efforts of the financial sector to support India's economic growth. This budget is expected to set the agenda for the next five years and provide a framework for regulators, financial institutions and market participants
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Today’s headline budget numbers are likely to be welcomed by S&P and other global rating agencies as the government has maintained its commitment to fiscal consolidation and could certainly open room for India to get a rating upgrade over the next 2 years
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The increase in STT makes it more difficult for intraday traders to survive as their costs will increase. Here are three strategies for those seeking to play the long game in trading
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Union Budget focused on getting the right balance between fiscal prudence and growth.
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Precious metals, cancer drugs and mobile phones to get cheaper
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Godrej Agrovet, Titan Company, Teamlease Services, Adani Wilmar, and Borossil Renewables are set to benefit directly from today's budget announcements.
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Budget 2024: The removal of the angel tax represents a major victory for the startup community, providing a more favourable environment for entrepreneurship and investment.
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Another standout announcement is the maintained capital expenditure (capex) growth of 17 percent over the previous year.
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Fiscal consolidation, in wake of strong economic growth, is likely to temper inflationary pressures, and conducive for long term sustainable growth, as the Indian economy endeavors to move to being a developed economy. Markets are likely to reward such an outcome.
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Budget 2024-25: With this move PM Modi is being hailed as the 'Startup PM of India'. These changes will fuel startup fundraising and ensure that startups lead the charge.
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For this year, Union Finance Minister Nirmala Sitharaman said SIDBI will open 24 branches, which will cover168 clusters of the total 242 clusters, she added.
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Budget 2024: "I think prima facie hiking the rates is negative, but I think the way the market has reacted from the day's is low is telling you that people are ready to buy into equities," says Rahul Arora.
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“It is a balancing act,” he said citing examples such as tax simplification, SME encouragement, and capital formation as beneficial, alongside employment generation and skill development missions.
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Tech platform under IBC may enhance effectiveness and quick handling of cases,On February 25, 2015, in the Union Budget 2015-16, the then Finance Minister Arun Jaitley announced the formation of a comprehensive bankruptcy code of global standards. Further, Jaitley introduced the Insolvency and Bankruptcy Code, 2015, in the sixteenth Lok Sabha. say experts.
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The government has been in talks with the Indian crypto industry and has taken measures in the past months to meet some of their demands.
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Our strategy remains to buy growth across industries and wherever we find growth, said Amit Jeswani.
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The acquisition cost of these shares will be deemed as capital losses which can be adjusted by the investor in case of any capital gains in the future
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The central government has set a fiscal deficit target of 4.9 percent of GDP for 2024-25
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The Union Budget for 2024-25 has hiked LTCG on equities to 12.5 percent from 10 percent, while and short-term capital gains tax to 20 percent from 15 percent earlier.
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The chief minister wondered what wrong West Bengal committed that it had been "deprived" by the Centre.
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Azeez was responding to a question if stock prices are factoring in an implied growth that is highly optimistic
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A lower fiscal deficit target in the Union Budget 2024 should inspire any fence-sitting foreign investor to make a go for Indian bonds
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The Union Budget has emphasised building digital infrastructure across sectors and Protean is a pioneer in this field
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Dixon has a joint venture with Airtel to make customer premises equipment (CPE) and routers. It expects the demand for these devices to pick up due to the rollout of the country's 5G fixed wireless access (FWA) broadband service.
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Stocks such as HAL, Data Patterns, Paras Defence and BEML fell 2-3 percent.
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Stocks plunged as Finance Minister Nirmala Sitharaman raised taxes on equity and derivatives trading. She also increased short-term capital gains and long-term capital gains taxes.
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While no details on how this clause would be expanded were given, this news will be welcomed by industry insiders.
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FM said that the government will plan to market shrimp farming and encourage financing through NABARD.
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With a focus on preparing a future-ready workforce, FM said the government will launch a comprehensive scheme to offer internships in "500 top companies" to one crore youth in five years.
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The cut in customs duty will also benefit the government and will slow down the smuggling of gold from Middle East to India.
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Short-term capital gains tax is now 20 percent on all financial assets.
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Azad Samaj Party MP Chandra Shekhar Aazad threatened protest if SCs and STs don't get their share of the Budget.
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The sharply lower gross borrowing figure for FY25 is a result of the central government's focus on aggressive consolidation as it looks to meet a sharply lower fiscal deficit target.
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In her address, FM Sitharaman said that financial sector vision and strategy documents will be prepared.
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The IBC has dissolved more than 1000 companies, resulting in direct recovery of Rs 3.3 lakh crore, FM Sitharaman added.
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The 10-year benchmark bond yield is currently trading at 6.9744 percent at 11:26 AM as against 6.9662 percent at open.
