MUMBAI: After two years of funding slump, investments into India’s startups are seeing some revival. Investors infused about $11.3 billion into startups this year, a slight improvement from funding worth $10.7 billion recorded last year, data sourced from market research firm Tracxn showed. In the coming year, companies are expected to see a sizeable amount…
NEW DELHI: Swiss major Nestle said suspension of MFN (most favoured nation) status given to India by Switzerland will have no impact on the company. Switzerland recently suspended MFN status under the Double Taxation Avoidance Agreement.A Nestle India spokesperson said: “The matter is not a Nestle specific issue but is a policy matter between India…
If one fails to submit a belated return by December 31, 2024, specific consequences apply. ITR filing deadline: December 31, 2024, marks the final deadline for submitting belated and revised income tax returns for FY 2023-24 (AY 2024-25). Whilst various taxpayer categories have distinct ITR filing deadlines, the final date for belated and revised returns…
MUMBAI: Three IPOs (initial public offers) that opened on Thursday on Dalal Street- DAM Capital Advisors, Transrail Lighting and Mamata Machinery – were fully subscribed within hours, despite weak market sentiment. Ready to Master Stock Valuation? ET’s Workshop is just around the corner! Source link
Markets remain under pressure following Fed’s strict commentary. Support exists at 23,850, with resistance at 24,200, according to Rupak De of LKP Securities. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade for the fifth consecutive day on Friday. While BSE Sensex was just above 79,000, Nifty50…
India has become one of the world’s leading markets for deals such as initial public offerings, smashing its record for money raised this year as investors snap up opportunities.Vishal Mega Mart Ltd.’s trading debut Wednesday underscored this insatiable appetite for IPOs — shares of the retailer surged more than 40%. The feeding frenzy is set…
Nuvama has a ‘hold’ recommendation on Ambuja Cements with a target price of Rs 667 (+19%). The company is merging Shanghi Industries and Penna Cement with itself for operational efficiencies and to improve efficiencies. Analysts feel this decision to streamline the structure of the company is a welcome move.Kotak Institutional Equities has given a ‘reduce’…
MUMBAI: Private equity giant KKR has invested in cloud kitchen startup Rebel Foods, which owns brands like Behrouz Biryani and Faasos. The deal amount was not disclosed but it is understood to be a secondary transaction conducted at a lower valuation of around $800 million. KKR said it will back the firm’s expansion. Source link
NEW DELHI: The Centre has circulated a draft legislation to ban lending by unregulated entities, including by platforms, with violators facing imprisonment of up to seven years. Lenders, who harass and use unlawful means for recovery, face up to 10 years in jail, with those promoting such lending facing a term of up to five…
MUMBAI: The rupee breached the 85 level for the first time on Thursday as the dollar gained ground across most currencies in the wake of the US Federal Reserve indicating that there would be fewer rate cuts in future than expected.In percentage terms, rupee decline was marginal, dipping from 84.95 on Wednesday. However, with the…
