Monday, August 24
New Delhi: India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget. Next year will see the new simplified Income Tax Act, 2025, to come into effect from April 1, replacing the over six-decade-old current Income Tax Act, 1961. Also, two new laws -- one to levy additional excise duty on cigarettes and another to levy cess on pan masala over and above GST rates -- will be implemented on a date decided by the government. The tax reforms rolled out by the government in 2025 were aimed at stimulating demand amid a challenging global economic environment. With tariff uncertainties casting a shadow over econ
State-insurer Life Insurance Corporation of India (LIC) has trimmed its stake in Hindustan Copper by 2% bringing its holding in the company to 4.07%. The equity was sold between August 16 and December 23 in the open market, the metal major told exchanges.Country's largest life insurance company LIC held a 6.086% stake representing 5.9 crore equity shares in Hindustan Copper prior to the selling period. The NSE shareholding data shows LIC holding 4.67% in the company as on September 30, 2025.The sell-off comes amid a stellar rally in the shares of Hindustan Copper which have surged 76% in 2025, so far. It has been among the most consistent metal stocks with 3-year returns of 337% while delivering a whopping 620% returns in the past five years.The multibagger stock has outperformed the secto
The Indian market was closed for the Christmas holiday on Thursday. On Wednesday, Dalal Street closed lower, with the Sensex and Nifty retreating amid thin, pre-holiday trading as foreign investors turned net sellers and a lack of fresh triggers kept risk appetite in check. Losses in oil and gas, pharmaceutical, and IT stocks weighed on the benchmarks as markets headed into the Christmas break.The Sensex fell 116 points, or 0.14%, to end at 85,408.70, while the Nifty 50 slipped 35 points, or 0.13%, to close at 26,142.10. Here's how analysts read the market pulse:Indian equities moved largely sideways in a holiday-shortened week, with trading volumes remaining subdued as the year draws to a close, a trend mirrored across broader Asian markets, said Vinod Nair, Head of Research at Geojit Inv
