The government, along with LIC, is selling nearly 61 per cent stake in IDBI Bank and in January received multiple Expressions of Interest for the same.
Vedanta, the Indian unit of UK-based Vedanta Resources, is currently valued at Rs 823.83 billion ($9.92 billion), having lost about a third of its market capital so far this year.
The paper comes days after Finance Minister Nirmala Sitharaman had, earlier this week, called for setting up a framework for handling challenges related to crypto assets.
In comparison with 2019-20, the number of income tax returns filed for 2022-23 rose by 41.5 per cent for tax filers with income above Rs 1 crore, whereas those in the income bracket of up to Rs 5 lakh registered an increase of just 0.6 per cent.
Total premium collection (new business) declined to Rs 158,376 crore during the six months as against Rs 181,976 crore in the same period a year ago.
On the indirect taxes side as well, five states accounted for nearly half of the states’ total Goods and Services Tax (GST) share.
Chaitanya India was one of four applicants for ‘on tap’ licensing for Universal Bank licence.
Apart from Nifty Midcap Select, all broader market indices closed in green, while India Vix soared 4.96 per cent.
On the much anticipated electric vehicle (EV) major Tesla’s entry into India, Aghi, who was in India briefly to participate in the Vibrant Gujarat Summit recently, said that there is no discussion on the same as Tesla is awaiting India’s EV policy and that the company’s entry would involve a strong chip manufacturing ecosystem and not just a battery ecosystem. Edited excerpts:
He has served on board of various companies including Siemens Ltd, DP World (UAE), Fairfax Financial Holdings Corporation (Canada) and Economic Zones World FZE (UAE). He is also on the board of National Investment and Infrastructure Fund.