India’s Budget 2024 tax proposals, particularly the increased Securities Transaction Tax (STT) and capital gains taxes, have sparked a wave of reactions on social media. While some discuss the implications, others turn to humor, with one Reddit post offering ironic financial advice on avoiding capital gains taxes by deliberately losing money. The post highlights the public’s frustration with the tax changes and the overall impact on the stock market.
The Aditya Birla Group has launched its jewellery brand ‘Indriya’, entering the competitive Rs 6.7 lakh crore Indian jewellery market. Aiming for a top three position within five years, the group will compete with established players like Tata’s Tanishq and Reliance Jewels. The group plans to invest Rs 5,000 crore to build a nationwide retail network.
PC Musthafa, the CEO of iD Fresh Food, is a living testament to the power of perseverance and determination. Starting from humble beginnings as a daily wage laborer’s son in Kerala, Musthafa overcame adversity and built a Rs 3,000 crore company. His journey, marked by early struggles, entrepreneurial spirit, and a commitment to quality, inspires countless others to chase their dreams.
Pakistan is seeking to issue Panda Bonds in China to raise $250-$300 million, hoping to attract Chinese institutional investors and bolster its dwindling foreign exchange reserves amid a severe economic crisis marked by high inflation and significant debt obligations.
Indian energy companies are collaborating to secure crucial supplies from international markets. This strategic move aims to ensure energy security amidst global challenges.
Mukesh Ambani’s three children, Isha, Akash, and Anant, have been appointed to the Reliance Industries Board of Directors. While they will not receive salaries, they will enjoy benefits similar to their mother, Nita Ambani. This move marks a significant step in Ambani’s succession plan and highlights the unique financial structures within Reliance.
Shashank Kumar, a former Microsoft employee, left a lucrative career in the US to co-found Razorpay, India’s first payment gateway for small businesses and startups. This inspiring story highlights his entrepreneurial journey and the impact Razorpay has had on the Indian business landscape.
Bugatti has launched the Tourbillon, a groundbreaking hypercar featuring a hybrid powertrain that combines a powerful V16 engine with electric motors, resulting in a staggering 1,800 horsepower. This limited-edition car boasts exceptional performance, including a top speed of 445 km/h, and a luxurious interior with intricate design details.
Indian tycoon Gautam Adani has seen a dramatic rise in his net worth, propelling him to the 12th spot on the global billionaire list. His wealth has grown significantly this year, bringing him closer to Mukesh Ambani, currently in 11th place. This surge highlights Adani’s increasing influence and the dynamic nature of global wealth.
The Groww Nifty EV & New Age Automotive Fund of Funds (FOF) offers investors a chance to capitalize on the burgeoning electric vehicle (EV) market in India. This article explores the details of this unique fund, its underlying index, and the growth potential of the EV sector in India.
