AHMEDABAD: Maruti Suzuki India will invest Rs 4,960 crore to set up its second passenger vehicle manufacturing plant in Gujarat, with the board approving land acquisition at Khoraj Industrial Estate near Ahmedabad. The new factory will add 10 lakh vehicles a year to the company’s capacity in the state. Maruti operates a plant at Hansalpur…
Stock market today (AI image) Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened in green on Tuesday. While Nifty50 was above 25,850, BSE Sensex was up over 250 points. At 9:16 AM, Nifty50 was trading at 25,862.30, up 72 points or 0.28%. BSE Sensex was at 84,156.95, up 279 points or 0.33%.Analysts…
MUMBAI: RBI on Monday purchased another tranche of govt securities worth Rs 50,000 crore from the gilt market, its third tranche of such purchases of the total Rs 2 lakh crore that the central bank had committed in its policy. Economists feel given global uncertainties, RBI would need to infuse more liquidity into the system….
BENGALURU: Third-party logistics company Shadowfax is planning to launch its IPO as soon as next week, with a post-money valuation of around Rs 7,400 crore—down from the Rs 8,500–9,000 crore it previously considered, sources said. The Bengaluru-based firm also slightly reduced the size of its public issue to Rs 1,900 crore. Source link
NEW DELHI: Centre’s gross direct tax collections went up 4.1% to Rs 21.5 lakh crore, dragged down by sluggish growth in income tax, where govt had offered significant concessions in the last budget.During the financial year up to Jan 11, non-corporate tax, as govt refers to income tax, was 1.2% higher at Rs 10.6 lakh…
Top stocks to buy or sell (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to sell today on January 13, 2026 are: Computer Age Management Services (CAMS), and Naukri (Info Edge India Ltd). Hindustan Zinc is a buy call. Let’s take…
MUMBAI: In volatile trades on Monday, the sensex tanked nearly 700 points in early trades and then reversed all the losses by mid-session on growing optimism about an India-US trade deal. The index finally closed the session up 302 points, at 83,878 points, its first session of gains after five consecutive sessions of losses during…
Valuation is not about finding some precise magic number. (AI image) Once you start liking quality businesses, it’s tempting to believe that you can pay almost any price for them. The story feels so strong that valuation becomes an afterthought. We’ve heard this many times: “It’s a great company, I don’t mind paying a bit…
The Confederation of Indian Textile Industry (CITI) has urged the government to permanently remove the 11 per cent import duty on cotton in the Union Budget 2026, warning that the levy is aggravating cost pressures and hurting the global competitiveness of domestic textile and apparel manufacturers, PTI reported.A CITI delegation met Union Agriculture Minister Shivraj…
The requirement to issue TDS and TCS certificates is increasingly seen as redundant. (AI image) India’s tax deduction at source (TDS) framework, originally designed as a mechanism to ensure steady revenue inflows and improve tax compliance, has over the years become a source of complexity, cash-flow stress and litigation for businesses. With the scope of…