Business

[ad_1] NEW DELHI: The National Capital Region (NCR) continues to dominate India’s real estate growth story, with its vast urban expanse spanning over 50,000 sq. km across four states. After a prolonged period of sluggishness post-2014, the region's residential sector has witnessed a significant turnaround, driven by landmark reforms and a resurgence in end-user and investor demand.According to ANAROCK’s latest report titled “NCR Real Estate – A Beacon of Growth and Opportunity”, the region recorded a notable 81% jump in average residential property prices between Q1 2020 and Q1 2025.Greater Noida tops price charts with 98% growthAs per the report, Greater Noida recorded the highest average residential price appreciation in NCR over the last five years. Prices surged by 98%, from 3,340 per sq. ft. in Q1 2020 to 6,600 per sq. ft. in Q1 2025. The area has transformed […]

[ad_1] NEW DELHI: The Central government has introduced changes to the Income Tax Act, 1961, expanding the scope of the Tax Collected at Source (TCS) on luxury goods. Starting April 22, 2025, TCS will be applicable to 'specified range' of luxury goods valued over ten lakh rupees, including items like wristwatches, art pieces, yachts, and more.Below are comprehensive FAQs on the new provisions, along with the list of luxury goods that will be subject to TCS:What changes were brought in section 206C(1F) of the Income Tax Act, 1961 through Finance (No. 2) Act, 2024?Earlier, Section 206C(1F) provided for collection of TCS on the sale of motor vehicles of value exceeding Rs 10 lakh.Through the Finance (No. 2) Act, 2024, Section 206C(1F) was amended to include a wider range of luxury goods. TCS will now be levied on any goods exceeding […]

[ad_1] US markets opened on a mixed note Thursday morning as investors closely monitored ongoing signals about global trade negotiations, particularly between the United States and China.Lingering uncertainty around tariff talks, paired with cautious sentiment from key officials, continued to shape investor behaviour across asset classes.As of 9:42 AM GMT-4, US stock markets showed a mixed performance with investors closely monitoring the status of trade talks between the United States and China. The S&P 500 was up 15.05 points, or 0.28%, at 5,390.91, reflecting cautious optimism in the broader market.The Dow Jones Industrial Average fell 100.3 points, or 0.25%, to 39,506.27 as of the same time, dragged lower by weakness in industrial and financial stocks, which are more exposed to global trade tensions. In contrast, the Nasdaq rose 107.29 points, or 0.64%, to 16,815.34, lifted by gains in large-cap tech […]

[ad_1] Samsung is expected to receive approximately ₹3,200 crore in incentives for its four-year participation in the scheme. (AI image) Samsung has sought an extension of one year for receiving incentives under the production linked incentive (PLI) scheme for smartphones, according to officials familiar with the matter. The South Korean electronics company missed out on incentives for one year of its five-year period, which concluded this March.Under the current PLI scheme for smartphones that started in FY21, the Korean company's tenure ended on March 31. Samsung failed to receive incentives in the scheme's second year due to unmet production targets. The company is now requesting an additional year to compensate for the missed period, aiming to secure benefits for a full five years."They (Samsung) want to get incentives for five years…we are examining the issue and will decide accordingly," one […]

[ad_1] Cement maker ACC Ltd on Wednesday reported a 20.4 per cent decline in consolidated net profit to Rs 751.04 crore during the March quarter. The company had posted a profit of Rs 943.39 crore in the year-ago period, according to a regulatory filing from ACC, which is now a part of Adani Cement. Its revenue from operations was at Rs 5,207.3 crore, up 12.7 per cent in the March quarter. It was at Rs 5,316.75 crore in the corresponding period a year ago. ACC's total expenses in the March quarter were at Rs 5,514,82 crore, up 13.11 per cent. During the March quarter, ACC's revenue from the cement business was at Rs 5,685.53 crore, up 11.14 per cent. During the quarter, ACC reported a sales volume of 11.9 million tonnes, reporting a growth of 14 per cent, which, according […]

[ad_1] The tariffs introduced under US President Donald Trump’s administration could drag down India’s economic growth by as much as half a percentage point, finance secretary Seth said.Speaking in Washington, Seth said the measures may shave off between 0.2 to 0.5 percentage points from GDP growth.“Now there is a sign of that... we grow about 6.5% in the current year,” Seth said during a Hudson Institute event held alongside the Spring Meetings of the International Monetary Fund and World Bank.Also read: India in a good spot, China in big trouble: Mark Mobius warns market likely to get even shakier on Trump’He added that the indirect consequences could prove more damaging. “Second order (effects) would be important,” he said, as quoted by news agency Reuters.While he remained optimistic about India’s potential to reach a 7% growth rate in the next decade, […]

[ad_1] India is poised to witness record-breaking formal job creation in the fiscal year 2024-25, hinting strong hiring activity supported by robust economic growth. According to provisional data released by the Employees' Provident Fund Organisation (EPFO), the net addition of formal jobs in the first 11 months of the fiscal year 2024-25 has already reached 13.22 million. This figure has surpassed the total of 13.14 million jobs added during the previous 2023-24 fiscal year.The surge in formal employment reflects sustained economic recovery and growing business confidence across sectors, according to an ET report.At the current pace—averaging 1.2 million net job additions per month—the total figure for FY2024-25 is expected to exceed 14.5 million. This would mark the highest annual net addition of formal jobs in India’s history, surpassing all previous records including the record of 13.8 million formal jobs created […]

[ad_1] Gold price today:The purchasing activities of global central banks and substantial increases in ETF inflows are expected to provide support for gold prices. (AI image) Gold rate today: Following US President Donald Trump's remarks regarding China and the Fed Chairman, gold prices have experienced a substantial decline of Rs 3,800 within two days. After Wednesday's lower closing, the MCX gold June futures contract initiated Thursday's trading at Rs 96,188/10 grams, showing an increase of Rs 1,466 or 1.5%.Silver May futures contracts commenced trading lower at Rs 97,75/kg, displaying a decrease of Rs 124 or 0.13%.On Wednesday, domestic and international markets witnessed mixed settlements for gold and silver. The gold June futures contract concluded at Rs 94,722 per 10 grams, declining by 2.69%, whilst silver May futures contract finished at Rs 97,799 per kilogram, gaining 2%.Both precious metals demonstrated significant […]

[ad_1] Gold prices are hitting lifetime highs and India Inc veterans have been hailing Indian homemakers for their wisdom in storing the yellow metal. In a post on X (formerly Twitter) industrialist Harsh Goenka lauded his wife’s gold investment strategy. This comes at a time when gold prices have crossed the Rs 1 lakh mark.The RPG group chairman took to X, and shared a conversation with his spouse. The post said, ”10 years ago, I bought a car for ₹8 lakh. She bought gold for ₹8 lakh. Today, the car is worth ₹1.5 lakh. Her gold is worth ₹32 lakh.”He further added that wives are smarter.Sharing another conversation, he wrote on X, “I said, ‘Let’s skip gold and go on a vacation?’ She replied, ‘Vacation lasts 5 days. Gold lasts 5 generations.’ I bought a phone for ₹1 lakh. She […]

[ad_1] VinFast, which continues to operate at a loss, had previously concentrated on American expansion. (File photo) Elon Musk-led Tesla’s rival VinFast, the Vietnamese electric vehicle manufacturer, intends to establish vehicle assembly facilities in India by June's end and in Indonesia in October. Pham Nhat Vuong, the CEO of VinFast made this announcement on Thursday signalling the company's strategic pivot towards Asian markets.VinFast, which continues to operate at a loss, had previously concentrated on American expansion. However, due to delayed progress in the United States and additional uncertainties surrounding U.S. tariffs, the firm has altered its strategic direction, according to a Reuters report."In the near future, apart from the Vietnamese market, we will focus more on Indonesia, India, and the Philippines markets," Pham Nhat Vuong informed Vingroup shareholders."At the moment, VinFast is not planning to boost sales in the United […]