Union Budget 2025: India is planning to reduce income tax for people earning up to 1.5 million rupees a year. This could help the middle class and boost consumption in the slowing economy. The decision will be made closer to the February budget. The move aims to make more people opt for a newer, simpler tax system introduced in 2020.
Haier Appliances India anticipates crossing $1 billion in revenue in 2024, supported by robust demand and premiumisation trends. The company plans to achieve Rs 11,500 crore revenue by 2025 and is establishing a third manufacturing unit in the south. Focus on India-specific innovations and diverse product segments drives this growth.
The NSE Nifty index closed 22.55 points up at 23750.2
Uddhav Thackeray has begun a three-day assessment of his party's position in Mumbai for the 2025 civic polls. Following an underwhelming performance in the recent assembly elections, the Sena (UBT) aims to retain control of the BMC. The polls depend on the Supreme Court's verdict on the OBC quota expected in January.
The Samyukt Kisan Morcha requests an appointment with President Droupadi Murmu to discuss the pressing issues surrounding Jagjit Singh Dallewal's indefinite hunger strike and the demand for a legal guarantee on the minimum support price for crops. Protests have been ongoing since February at the Punjab-Haryana border.
Custard apples, also known as sitaphal or sugar apples, are not only delicious but also highly nutritious, making them a great addition to your winter diet.
India is investigating allegations of dumping LNG fuel tanks from China after a domestic company complained. The investigation could lead to anti-dumping duties if it finds that cheap imports are hurting local manufacturers. These tanks are important for large vehicles and the case is being examined by the Directorate General of Trade Remedies.
Aditi Nayar, Chief Economist at ICRA, expects the rupee to stay in the 85-86 range until the Budget presentation. She forecasts GDP growth of 6.5% and current account deficit between 1% and 1.5% of GDP in FY25 and FY26. She emphasizes the importance of fiscal consolidation and expects better growth in the second half of the year.
The electric vehicle (EV) company also launched a limited 'Sona' edition of its S1 Pro in real 24-karat pure gold elements, a few of which Ola will be giving away as part of a promotional contest. The company also gave tours of the new facilities to select customers, who posted videos on social media.
Indian benchmark indices traded in a tight range today (Thursday, December 26) ending flat on the monthly expiry day as banks and FMCG stocks neutralised the gains made from the uptick in auto stocks. While the S&P BSE Sensex settled at 78,472.48, down by 0.39 points, the broader Nifty closed at 23,750.20, higher by 22.55 points or 0.1%.
Exporters are seeking a Rs 750 crore fund over three years to tap USD 25 billion export potential, driven by possible US tariffs on Chinese goods. They urge extending the Interest Equalisation Scheme, tax benefits, and support for MSMEs and sectors like electronics, garments, and gems. Concerns on high domestic interest rates and export credit are emphasized.
As the year-end approaches, traders are eyeing promising cryptocurrencies like Aureal One (DLUME), DexBoss (DEBO), yPredict (YPRED), Sei (SEI), Solana (SOL), and Ethereum (ETH). These tokens, showing potential in blockchain gaming, DeFi, and scalability, are poised for substantial growth. However, investors should be wary of the inherent risks in the volatile crypto market.
The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a firm dollar and importers' month-end dollar demand.
The Reserve Bank has formed an eight-member committee to develop a framework for ethical AI in the financial sector. Headed by IIT Bombay professor Pushpak Bhattacharyya, the committee will assess AI adoption, review regulatory approaches, identify risks, and recommend a framework for ethical AI use. The committee will submit its report within six months.
In 2024, the Supreme Court of India made impactful decisions on electoral bonds, 'bulldozer' justice, and religious site disputes. Chief Justice Sanjiv Khanna introduced reforms to ease case backlogs. Significant rulings involved political accountability, appointment of election commissioners, and environmental issues. Noteworthy cases included electoral interference, NEET-UG malpractice, and the status of various religious sites.
Senior Congress leader Sandeep Dikshit accuses AAP of committing fraud with Delhi women by collecting their personal details for a non-existent 'Mahila Samman' scheme. He urges an investigation against AAP leaders Atishi and Kejriwal. Delhi departments and BJP also express concerns about fraudulent activities and warn residents against sharing their information.
Steve Davis, Elon Musk's long-time deputy, is driving efforts at Musk's Department of Government Efficiency, also known as DOGE, to cut government waste. Known for his frugality and cost-cutting measures at SpaceX, The Boring Company, and Twitter, Davis’s reputation as a hard-driving and efficient leader aligns with Musk's transformative vision.
8 amazing benefits of malai for winter skincare
Acme Solar Holdings has secured Rs 1,988 crore funding from Power Finance Corporation. The funding will support a 300 MW hybrid solar-wind project in Rajasthan and Gujarat. The project was awarded by SECI. A power purchase agreement with NTPC is already in place. Additionally, the company secured another 300 MW solar project to begin operations by June 30, 2025.
India's government is prioritizing the semiconductor industry with increased budget allocations, policy support, and private investments. The 2025 Union Budget is expected to further boost the sector with incentives, AI infrastructure development, and skilled workforce initiatives, aiming to reduce import dependence and enhance India's global semiconductor market presence.