Cash is leaving China again, pressuring yuan

A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China’s domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to the closest better-yielding assets. The yuan has dropped to seven-month lows, alongside a reversal in equity investment flows into China. Analysts said Hong […]

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Informal entities in manufacturing lost 5.4 million jobs in 7 years

Unincorporated enterprises in the manufacturing sector lost nearly 1.8 million establishments and shed 5.4 million jobs between July 2015-June 2016 and October 2022-September 2023, an analysis of the fact sheet on ‘Annual Survey of Unincorporated Sector Enterprises (ASUSE)’ and the comparable 73rd round survey in 2015-16 by the National Statistical Office (NSO) showed. An estimated […]

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IBBI seeks to tighten the noose around guarantors of bankrupt firms

The insolvency regulator has proposed that the resolution plan submitted by an investor won’t extinguish the creditors’ right to proceed against loan guarantors to the stressed firm and enforce realization of guarantees governed through various agreements. The move, suggested in a discussion paper by the Insolvency and Bankruptcy Board of India (IBBI), will make it […]

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F&O transactions may attract higher tax rate

Changing the head of F&O income from ‘business income’ to ‘speculative income’ will be a big step because it will be considered at par with lottery or crypto investments. The Government is considering various options to discourage retail participation in the futures and options (F&O) segment. The proposed steps include moving F&O from the head […]

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EXPLAINER: Why Sebi junked its nomination rule?

In 2021, the Securities and Exchange Board of India (Sebi) had directed all individual demat and mutual fund folio holders to submit a ‘choice of nomination’ or explicitly opt-out by June 30, 2022. The markets regulator has said demat accounts and mutual fund folios will not be frozen if nomination details are absent. Earlier, it […]

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Private Banks further consolidate lending market share

Private sector banks have further consolidated their position in the lending market post Covid, backed by their expertise in retail and services sector lending. Their cumulative market share has risen to 42% at the end of March from 35% four summers back, when the Covid pandemic began spreading in India in March 2020, according to […]

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Taking pole position: Auto, BFSI dominated Q4 corporate earnings circuit

Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortization margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more […]

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Net direct tax collections grew 9.8% to Rs.4.62 trillion till mid-June

India’s net direct tax collections for 2024-25 (FY25) grew 9.81% to Rs 4.62 trillion till June 16 of the first quarter over the same period in FY24. Of the total tax collected until June 16, corporation tax accounted for Rs 1.81 trillion, while personal income tax (I-T) stood at Rs 2.69 trillion. This includes advance […]

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Budget 2024-25 likely to retain FY25 fiscal deficit target of 5.1%

Union Finance Minister, Nirmala Sitharaman could stick to the fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for 2024-25 (FY25), same as the Interim Budget, when she presents the full Budget in the middle of next month, according to three officials who are part of the policymaking team involved in the initial discussions […]

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