New LTCG tax on stocks after Budget 2024: If the long-term capital gains from stocks and equity funds are up to Rs.2 lakh in a financial year, your tax liability will now be lower. This is because even though the tax rate for long-term gains has been hiked from 10% to 12.5%, the exemption threshold has also been raised from Rs.1 lakh to Rs.1.25 lakh.
Surging expenses and career progression are the biggest causes for concern, claims the Anishchit Index 2024 study.
CG Power will work with leading global facilities management firm Jacobs for its upcoming semiconductor assembly plant in Gujarat's Sadanand. Four in five of the world’s computers are built in facilities designed by Jacobs' team, its website said.
Livspace founder Ramakant Sharma, Cred founder Kunal Shah, Acko cofounder Ruchi Deepak, and Groww founders Harsh Jain and Lalit Keshre, among others, participated in the funding round. The funds will be used to build the team and grow the business.
Software-as-a-service (SaaS) startup Postman has made secondary deals in recent weeks at a steep 30-40% discount to its peak valuation., people in the know told ET. Some of Postman's existing investors, including Nexus Venture Partners and Bond Capital, have bought the shares on offer. This comes as data shows a significant fall in SaaS investments across company stages.
Consumer-focused venture investor Sauce VC, which has invested in new-age brands like luggage maker Mokobara, has announced the final close of its third fund at Rs 365 crore, against a target corpus of Rs 250 crore. Founder and managing partner Manu Chandra told ET that the fund received demand for subscriptions amounting to about Rs 700 crore.
Contract manufacturing unicorn Zetwerk has partnered with Smile Electronics, based in Bengaluru, to launch three facilities for IT hardware production in India. This expansion will help the latter expand its footprint to four factories, including its existing facility in Bengaluru.
The network now has about 630,000 sellers and service providers in 600 cities and delivers to 1,200 cities nationwide.
The Bajaj Group, worth ₹1.46 lakh crore, initiated steps to venture into the healthcare industry by setting up hospitals in metros. Overseen by Nirav Bajaj, the project will be housed in a new company, with phased investments based on milestones. This marks the group's first major diversification since Rahul Bajaj's death in 2022.
The Income Tax Department is now examining overseas property investments by Indian residents, including recent acquisitions in Switzerland and Portugal. This unprecedented scrutiny follows automatic information exchanges under OECD's common reporting standard. Previously, only details of foreign bank accounts and securities held by Indians were shared, excluding property investments.
Asian Paints, part of the S&P BSE Sensex, is down over 9% from its December 2023 highs but shows momentum. It hit Rs 3,422 on December 29, 2023, and bottomed above 2,600 in May 2024. Reclaiming key moving averages, it has broken out of a 5-month consolidation. Experts suggest a target of Rs 3,400 in 1-2 months.