Prime Minister Modi invoked Goddess Lakshmi on Budget-eve, later Indian taxpayers received significant tax relief. Finance Minister announced revised tax slabs where the biggest benefit is for those earning up to Rs 12.75 lakh, making their tax liability nil. Changes include rebates up to Rs 60,000 and altered tax rates for various income brackets.from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0LDRykm
DGCA fined Air India Rs 30 lakh for allowing a first officer to fly without fulfilling the mandatory recency requirement of three take-offs and landings. The violation occurred on July 7, and multiple alerts were ignored by rostering controllers. Air India has been ordered to take action against three senior rostering officials and inform DGCA within 15 days.
High electricity markups for industrial users in India reduce their global competitiveness, as highlighted by the Economic Survey. Rationalizing tariffs is complex due to the financial health of distribution utilities and political risks. Increased generation capacity and reduced demand-supply gap have marginally improved power supply.
LTIMindtree's CEO designate, Venu Lambu, met with over 50 senior leaders in Mumbai, amid the departure of two senior executives. Lambu emphasized a focus on growth and AI strategy. Current CEO, Debashis Chatterjee, is assisting with the transition and plans joint client visits with Lambu in the US and Europe.
Bajaj Broking Research highlights top stock picks including Tata Steel, and Bharat Electronics for January 31, 2025. Nifty and Bank Nifty indices show potential for pullbacks and consolidation.
