While taxation of tobacco is primarily under the purview of the GST Council, the central government also levies NCCD on cigarettes, subject to changes in the Budget. Of late, the taxation regime has been stable aiding both volume growth for the legal cigarette industry and tax collections, BofA said.
The stock traded at a P/E multiple of 67.29, while the price-to-book value ratio stood at 11.55.
Nirmala Sitharaman announced customs duty cuts on minerals for energy transition and initiatives for solar panels and Bharat Small Reactors. Biogas and AUSC thermal plants by NTPC-BHEL were highlighted, along with energy efficiency measures and carbon market transitions. Policies aim to balance employment, growth, and sustainability while boosting domestic solar glass manufacturing.
I clearly believe that this budget focuses a lot on the real economy and that is something which probably yet is getting kind of ignored in context of some of the tax hikes.
The Relative Strength Index of the stock stood at 58.05 on Tuesday.
Section 80C limit in Budget 2024: The deduction under Section 80C of the Income-tax Act is available under the old tax regime only. Budget 2024 has made no change in the maximum deduction available under the Section 80C limit. Read on to know the maximum amount that can be claimed under Section 80C.
A new "vaccine-like" HIV drug that currently costs over $40,000 per person a year could be made for as little as $40, researchers estimated on Tuesday. "It's like having a vaccine basically," Andrew Hill, a researcher at the UK's Liverpool University, told AFP. The treatment currently costs patients over $40,000 a year in a range of countries including the United States, France, Norway and Australia.
Finance Minister Nirmala Sitharaman unveiled a comprehensive package in Budget 2024-25 aimed at enhancing employment and skill development for India's youth. Valued at Rs 2 lakh crore under the Prime Minister's scheme, the initiative seeks to incentivize job creation, skill two million youth, provide education loans up to Rs 10 lakh for higher education, and offer internship opportunities to 10 million youth over the next five years.
Sreeram was promoted to the position of country director in February 2023 following Gaurav Gandhi's elevation as Vice President of Asia Pacific at Prime Video effective April. Sreeram joined Prime Video in 2018 as Head of Customer and Brand Marketing and was subsequently promoted to Director of Marketing in October 2020. In 2022, he was elevated to Director of Subscription Video on Demand (SVOD) Business.
Budget 2024 has reduced the holding period for capital gains on gold to qualify as long term capital gains from 36 months to 24 months and simultaneously cut the LTCG tax rate to 12.5%.
The stock quoted a 52-week high price of Rs 673.6 and a 52-week low of Rs 463.5.
TMC's Rajya Sabha MP Saket Gokhale alleged that there is an "open and shameless" discrimination against West Bengal in the budget. "Open and shameless discrimination yet again in this Union Budget. Union Govt excludes only Bengal from flood relief and reconstruction funds," he said in a post on X.
Finance Minister Nirmala Sitharaman announced incentives to enhance maintenance, repair and overhaul activities in the aviation and shipping sectors during the budget speech, aiming to support the growth of India's domestic aviation market. The government plans to extend the period for export of goods imported for repairs to one year and increase the time-limit for re-import of goods for repairs under warranty to five years.. Additionally, a 5 per cent uniform Integrated Goods and Services Tax (IGST)... Читать дальше...
Latest income tax slabs: In today's Budget 2024, the finance minister Nirmala Sitharaman has made changes in the income tax slabs and rates for the current financial year in the new tax regime. Know all the changes announced in the new tax regime from income tax slabs to standard deduction limit in Budget 2024.
While the August gold futures fell over 6% or by Rs 4,268 per 10 gm to hit the day's low of Rs 68500, silver September futures on the MCX tanked by Rs 4,928 per kg or 5.5% to hit the intraday bottom of Rs 86,000.
A total of 11,794 shares changed hands on the counter till 01:39PM (IST)
The Central and NDA government support Amaravati and Polavaram, with Nara Lokesh expressing gratitude. Finance Minister Nirmala Sitharaman announces Rs 15,000 crore for Amaravati and Polavaram's completion in Budget 2024-25. Government commits aid, special support, and industrial development under AP Reorganisation Act for Rayalaseema, Prakasam, North coastal Andhra, and Andhra Pradesh's farmers.
A total of 64,448 shares changed hands on the counter till 01:34PM (IST)
PM Modi's 2 trillion rupees pledge targets jobs, education. Sitharaman's budget aims at a smaller deficit, employment, skilling, and small businesses. Revenue windfall supports coalition. Allocations: Andhra Pradesh, 2.66 trillion rupees for rural development, reduced customs duty, 10-year bond yields drop, borrowing cut to 14.01 trillion rupees, Bihar expedited, central bank’s $25 billion dividend, Telugu Desam Party, unchanged capital expenditure.
Stocks of capital goods giants nosedive up to 8% on BSE as Finance Minister maintains massive expenditure target. Government's bold move sparks fears and excitement in the market. Experts weigh in on the impact of this decision on India's economic growth and job creation.
The partnership will enable Paytm to expand its presence by reaching a broader merchant base through Axis Bank. At the same time, it will enhance the latter’s merchant acquiring portfolio by improving transaction efficiency, according to a statement released on Tuesday.
A total of 10,302 shares changed hands on the counter till 01:29PM (IST)
Holding period changed in LTCG, STCG in Budget 2024: The finance minister has rationalised the holding period for all asset classes in Budget 2024. Read on to know the latest holding period for different asset classes.
The Telugu Desam Party (TDP) praised the Union Budget for allocating Rs 15,000 crore to Andhra Pradesh for reconstruction, Polavaram Project, and industrial corridors. Finance Minister Nirmala Sitharaman highlighted the government's commitment to fulfill the Andhra Pradesh Reorganisation Act, 2014, including financial support for Polavaram Project and industrial development.