Daily Newsletter

Daily Newsletter
2 February 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 59708.08 (158.18) NIFTY 17616.30 (-45.85) GOLD (MCX 10 GM) 57886.00 (644.00) SILVER (MCX 1 KG) 69866.00 (1037.00) USD ($) / INR(Rs) 81.54 (0.03)
Front Page Union Budget 2023-24: Firm on prudence, high on feel-good factor Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for 2023-24, which is expected to serve as the last full Budget of ... Want to make exemption-free tax regime attractive for people: FM Sitharaman Sitharaman said large macroeconomic considerations had been kept in mind, and fiscal consolidation had not been ignored Adani Enterprises decides not to go-ahead with FPO, money to be returned Given the extraordinary circumstances, AEL's board felt that going ahead with the issue will not be morally correct Rebates to slabs: Budget's key changes in Income Tax regime explained This move indicates that the old regime will slowly be wound up Union Budget 2023: SCSS, MIP investment limit doubled, new scheme for women Mahila Samman Saving Certificate to be available for two years till March 2025, offers 7.5% return, with provision for partial withdrawal Budget 2023: Capex push to safeguard growth from global headwinds The centre has been able to spend 65.4 per cent of its capex allocation for FY23 during April-December period against 70.7 per cent during the ... Election on mind: Amid OPS push, bid to keep govt staff happy Unimpressed Oppn says Budget has nothing for poor, unemployed Budget 2023: Riding on robust collections, govt realistic on tax target The budget pegs tax revenue at Rs 33.6 trillion, which is higher by 10.4 per cent over Rs 30.4 trillion projected in revised estimates for the ... On a day of 'no negative surprises': Adani stock rout spoils party Nifty fall over 2% from day's high to end in red Devolution to states: Cess, surcharge help Centre keep major chunk of taxes Among a few tweaks to surcharges, Sitharaman announced the Centre would reduce the highest surcharge levied under personal income tax from 37 ...
Companies Ex-Unitech promoters in SC seeks hearing on bail pleas in fraud case Former Unitech promoters Sanjay Chandra and Ajay Chandra on Wednesday urged the Supreme Court that either their bail pleas be heard by it or ... Ashok Leyland posts multi-fold jump in Q3 PAT to Rs 361 cr on robust sales Hinduja group flagship Ashok Leyand on Wednesday reported a multi-fold jump in its profit after tax at Rs 361 crore for the third quarter ended ... Eye on growth: Pain points & what's on offer in Union Budget 2023 New projects are up on a year-on-year basis BSNL to use Rs 53,000 cr for 4G, 5G roll out, revamping landlines: Vaishnaw State-run BSNL will use about Rs 53,000 crore in upgrading its network to 4G and 5G this year as well as revamping landline network across the ... » Read More Stories in Companies
Economy & Policy Ashwini Vaishnaw announces Vande Metro as railway gets highest allocation Vande Metro, a mini version of the Vande Bharat Express trains, will be developed by the Railways for people living around big cities to travel ... Global factory activity contracts again in Jan, highlights fragile recovery The latest figures come as central bankers gear up for another round of interest rate increases to combat high inflation Budget 2023-24: Railways gets record Rs 2.6-trillion capex boost According to a senior official, Railways' prime borrowing arm, Indian Railway Finance Corporation (IRFC), has zero borrowings for the fiscal ... Govt hikes import duty on toys to 70% to boost domestic manufacturing The government on Wednesday increased the import duty on toys and its components to 70 per cent with a view to cut inbound shipments of these ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Carborundum Uni. 975.05 0.29 I D F C 84.50 -1.40 BSE TOP GAINERS Company Price (Rs) Change (%) Indian Hotels Co 326.60 8.67 EIH 175.70 8.12 BSE 52-WEEK LOW Company Price (Rs) Change (%) Adani Ports 492.15 -19.69 Gland Pharma 1263.05 -2.86 BSE TOP LOSERS Company Price (Rs) Change (%) Adani Enterp. 2128.70 -28.45 Adani Ports 492.15 -19.69 Budget ends tax advantage in MLDs, move to impact wealthy investors Products that invest in fixed-income and derivative instruments enjoyed taxation for bonds Budget 2023 a balancing act with focus on prosperity and inclusiveness Budget 2023: Raising of tax slabs along with reduction in peak surcharge shall result in around Rs 35,000 crore being saved by tax payers and ... Bond yield hits 6-week low as Budget sticks to path of fiscal consolidation Govt move to tax high-value insurance policies may hit demand for long-term bonds: Analysts Life insurance stocks tumble as govt proposes to tax high premium policies Govt aims to curb misuse of Section 10(10D) of I-T Act with this proposal; new rule applicable on policies issued on or after April 1, 2023 » Read More Stories in Markets
Opinion Investing, not saving More effort on deficit reduction was needed A credible effort The Budget makes all the right noises and avoids the temptation to be populist Fiscally prudent, but electorally savvy In 2022-23, the finance minister hopes to grow her net revenue receipts by 8 per cent even as her revenue expenditure would increase by a ... 'Reward the rich' politics With a 10% tax cut for the super-rich, has the Modi government lost it? If this is what we believe, we are still caught in oldthink in our ... » Read More Stories in Opinion
Finance Budget proposals don't seek privatisation of state-owned banks: DEA Secy Finance Minister announced that to simplify, ease and reduce cost of compliance, financial sector regulators will be requested to carry out a ... IDFC Ltd to invest Rs 2,200 crore in IDFC First Bank, up its stake to 40% IDFC board declares special interim dividend of Rs 11 per share; Govt of India, the firm's largest shareholder, to receive Rs 287 cr payout » Read More Stories in Finance
Technology Samsung unveils Galaxy S23 series smartphones, Galaxy Book3 series laptops Marking a new era of Samsung Galaxy's ultimate premium phone experience, the South Korean giant on Wednesday unveiled Galaxy S23 Ultra (with an ... » Read More Stories in Technology
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