NEW DELHI: The exodus of Foreign Portfolio Investors (FPIs) from the Indian equity markets continues unabated, as they have withdrawn Rs 64,156 crore ($7.44 billion) so far this month, driven by the depreciation of the rupee, a rise in US bond yields, and expectations of a tepid earnings season.This comes after an investment of Rs…
BENGALURU: A rising number of Indian startup founders are stepping away from their ventures to start afresh. While reasons vary, they often stem from personal and professional challenges, including co-founder disagreements, dwindling passion for the original problem statement, time constraints, and intensifying market pressures.As the Indian startup ecosystem grapples with a funding winter and increasingly…
NEW DELHI: Amid expectations of a relief in income tax in the Budget, govt is keen to keep the new tax regime free of concessions, while it looks at raising the threshold and offering concessions through a rejig of slabs.Income tax rates are usually among the last set of announcements to be finalised and typically…
NEW DELHI: Despite efforts by India Inc and regulations to address gender diversity, women still occupy just 19% of C-suite roles in India, far below the global average of 30%, highlighting the need for targeted talent search initiatives.A key barrier preventing women from accessing and excelling in these leadership positions is work-life integration, with around…
NEW DELHI: Adani Group has denied the reports of cancellation of power purchase deal with Sri Lanka and called it “false and misleading”. It categorically mentioned that the projects were still on amid US indictment. “Reports that Adani’s 484 MW wind power projects in Mannar and Pooneryn have been cancelled are false and misleading. We…
MUMBAI: Patanjali has recalled four tonnes of 200 gram red chilli powder packs following a directive from the Food Safety and Standards Authority of India which found the product packs to be in non-conformance with FSSAI regulations. The product samples when tested were found not conforming to the maximum permitted limit of pesticides residue, the…
MUMBAI: Mobile phone purchases have become a key channel for individuals in the informal sector to get into the formal credit system. While the Jan Dhan Yojana provided everyone with bank accounts, availability of mobile phones on EMI is providing them with a credit history, opening the doors for other loans.“The key channels for the…
Budget 2025 income tax: It is anticipated that with the thrust of the Government on the adoption of the new tax regime, there may be no changes to the old tax regime. (AI image) By Parizad SirwallaBudget 2025 income tax expectations: Ever since the last Union Budget was presented in July 2024, the world has…
Axis Securities has downgraded Hindustan Unilever to ‘hold’ rating with a target price of Rs 2,520 (+8%). Analysts expect near-term challenges for the company to persist with subdued demand in urban areas, increased competitive intensity, and volatility in key raw material prices. These factors are likely to impact volume growth and margins in the near…
NEW DELHI: The Centre is readying the launch of social security contributions by gig workers. The platforms will be asked to deduct a certain percentage of the payment they make to these workers and deposit it with the Employees’ Pension Scheme. Govt may also top it up with a 3-4% contribution of the deposit made…
