In this issue

November 30, 2022

'Budget may not be right time to restructure capital gains tax'

The new alternative tax regime should be incentivised to encourage more taxpayers to adopt it, says Revenue Secretary TARUN BAJAJ in an interview with Shrimi Choudhary. Bajaj, who superannuates today, suggests this could be done by raising the lower tax slab up to ₹7-7.5 lakh, from the current ₹2.5 lakh. He also stresses that restructuring the capital gains tax regime requires detailed consultation and the run-up to the Budget may not be the right time to do this.

4 mins

Tata group, SIA agree to merge Vistara with Al

Singapore Airlines will have 25% stake in combined entity

3 mins

Fosun weighs sale of $3.8-bn Gland Pharma

Hyderabad-based firm says it's not aware of such information

1 min

Hindujas, Torrent, Piramal, Oaktree in race to buy RCap

No separate bids for life, general insurance businesses

2 mins

Alibaba to sell Zomato shares worth $200 mn

Alibaba Group Holding plans to sell a stake of about 3 per cent in Indian food delivery firm Zomato worth $200 million through a block deal, CNBC Awaaz reported on Tuesday, citing sources.

1 min

Adani group wins bid to redevelop Dharavi

Adani Group, controlled by billionaire Gautam Adani, is the highest bidder in an ambitious project to remodel Dharavi, the world's largest slum.

1 min

Jet union moves NCLT for liquidation

Union said the consortium failed to abide by the resolution plan and, thus, was in gross violation

1 min

Airports, nearby areas may not get 5G services anytime soon

The Ministry of Civil Aviation has asked telecom companies to create a buffer and safety zone to ensure mitigation measures while implementing C-band 5G spectrum in and around an airport, in view of safety concerns for aircraft operations.

2 mins

Budget likely to target 10-11% nominal GDP growth in FY24

FinMin expects moderation in retail inflation

2 mins

Retail e-rupee pilot launch tomorrow

Following the successful launch of its wholesale pilot for central bank digital currency, the Reserve Bank of India (RBI) said on Tuesday that it will commence with its retail CBDC pilot project from December 1.

2 mins

ONGC gas price may be capped at $6.5, no change for Reliance-bp

Panel likely to recommend linking the price of most local output to an Indian crude basket

2 mins

Pesticide sale via e-com sites welcome but it may see more fakes, fear players

The domestic industry has welcomed the recent government order allowing sale of pesticides through e-commerce platforms.

1 min

Qatar says worker casualties for World Cup at '400-500'

Atop Qatari official involved in the country’s World Cup organisation has put the number of worker deaths for the tournament between 400 and 500” for the first time, a drastically higher number than any other previously offered by Doha.

1 min

Centre's low-cost WiFi scheme still buffering

Launched in 2020 to serve rural population, PM-WANI fails to gather interest

2 mins

Strong headwinds to slow global trade growth in 2023, says WTO

Cites Ukraine conflict, high energy prices, inflation, and monetary tightening as reasons

1 min

Germany in LNG deal with Qatar for 15 years

Qatar minister sees no upper limit to LNG deliveries

1 min

It's cops, e-censorship Chinauses tacit force to mute protests

POLICE LEVERAGING POWERS OF THE COUNTRY’S SURVEILLANCE APPARATUS AGAINST PROTESTERS

2 mins

Geo-engineering and climate control

The idea of engineering the atmosphere to stave off global warming is increasingly gaining popularity, butit raises several issues

4 mins

After highs, expensive valuations, change in LTGG tax structure risks to market rally

Following a sharp rally in the Indian markets since their June 2022 lows, risks are emerging in the form of high valuations and moderation in growth amid a recession across major economies, according to analysts.

2 mins

Lump sum MF investments dive as investors tread SIP path

At ₹17,900 cr, Oct flows are down 64% from peak amid uncertain mkt conditions, valuation worries

2 mins

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