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Business / The Sen Times

Sensex, Nifty end flat in highly volatile trade on Budget day

Mumbai, Feb 1 (PTI) Benchmark indices Sensex and Nifty ended flat in a special trading session on Saturday as investors saw little coming in from the Finance Minister Nirmala Sitharaman for retail investors and the overall markets in the Union Budget. But, buying in consumption-related sectors after Sitharaman exempted annual income of up to Rs 12 lakh from income tax and rejigged tax slabs as part of her reformist Budget prevented any major fall in the markets. The markets were open on Saturday

1 Feb 2025 5:08 pm
India to ditch privatisation plans, pour billions in state-run firms, sources say

NEW DELHI, Jan 27 (Reuters) Indian Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government sources and a document reviewed by Reuters. Less than a month into 2025, New Delhi has plans to invest about $1.5 billion in financial rescue packages for two state-owned firms after failing to sell them to private companies. It has also decided to put in ab

27 Jan 2025 6:18 pm
Supreme Court refuses to entertain PIL seeking scrapping of TDS system under IT law

New Delhi, Jan 24 (PTI) The Supreme Court on Friday refused to entertain a PIL seeking scrapping of TDS (tax deducted at source) framework under the Income Tax Act, saying this is levied everywhere. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar, however, permitted lawyer petitioner Ashwini Upadhyay to move the Delhi HC with his plea. The bench observed that the plea was very badly drafted and should be moved in the Delhi High Court. Sorry we will not entertain it It is

24 Jan 2025 12:28 pm