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Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, crossed 300 MMT of cargo handling on February 23, 2023, in just 329 days, beating its own milestone from last year of 354 days. APSEZ has registered unprecedented growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly. "The improvement in cargo ...
Adani Ports beats own milestone as cargo volumes cross 300 MMT in just 329 days
Below is Pre budget views By Mr. Karan Desai - Founder at Interface Ventures "Union Budget 2023 set to be presented on February 1, 2023, is being widely anticipated as one of the most progressive and growth focused budgets in recent times. While there are expectations of some changes on the direct tax front, such as doubling of the IT exemption limit from 2.5 lakhs to 5 lakhs, and standard deduction from Rs. 50,000 to Rs. 1,00,000 to account for inflation, the larger focus w...
Pre-Budget Expectation : Capital Expenditure expected to be closer to 3% of GDP for 2023-24 Says Mr. Karan Desai Interface Ventures
Perspective on Budget 2023- 24 Wishlist by Mr. Colin Shah, Founder & MD, Kama Jewelry “The industry is pinning its hope on the forthcoming Budget to push exports and generate jobs in the sector. Customs duty cut on gold and a progressive repair policy for jewelry will help the sector immensely. Above views are of the author and not of the website kindly read disclaimer
The industry is pinning its hope on the forthcoming Budget to push exports Says Mr. Colin Shah,Kama Jewelry
Indian shares were off over nine-month highs scaled earlier in the session as losses in metal and automobile stocks weighed, while investors awaited U.S. inflation data this week for cues on the Federal Reserve's future rate hikes. The NSE Nifty 50 index was down 0.25% at 18,157 at the close, and the S&P BSE Sensex fell 0.25% to 61,033.55, with the indexes snapping two straight sessions of gains. "Domestic markets at these levels have already factored in results," said...
Indian shares ease off 9-mth highs ahead of U.S. inflation data
Brokerage house Centrum Broking has given a 'buy' call for Vijaya Diagnostic Centre and Granules India stocks. Vijaya Diagnostic Centre is a dominant player in southern India and is the largest integrated player by revenue and the fastest-growing in the region, the brokerage said. "Market share expansion to continue in the core market with ongoing expansion plans impeded by pandemic." It kept the target price at Rs 699, as against the current share price of Rs...
Centrum Broking gives 'buy' call for Vijaya Diagnostic Centre, Granules India
As the government aimed to help Indian startups continue their glory run with tax incentives, several startups said that certain issues like allowing them to directly list abroad and ESOP taxation to benefit employees should have been addressed in the Union Budget 2022-23, which was presented in the Parliament by Union Finance Minister Nirmala Sitharaman on Tuesday. According to them, the Budget augurs well for the angel investor community and founders who seek liquidity in the long term. ...
Startups need clarity on directly listing abroad, ESOP taxation
To further aid small businesses and empower entrepreneurs, the Union Budget 2022-23 should introduce additional startup-friendly policies and tax relaxations to enable spending on innovation, ease-of-doing business and reducing compliance costs, a slew of homegrown startups said. New reforms, policy assistance and support mechanisms for establishing a focused approach in solving unmet financial needs through technology will significantly benefit the economy, they stressed. "We'...
Union Budget: Indian startups seek friendly policies, tax incentives
"Its raining unicorns," -- this will grab headlines in 2022 and Finance Minister Nirmala Sitharamans task is well cut out. Sitharaman in the forthcoming Union Budget, could come up with more incentives and policy measures keeping an eye on creating the right ecosystem for unicorns to come up, reliable sources told India Narrative. In her last budget, the finance minister announced extension of tax holidays for startups along with exemption of capital gains for investment till Mar...
Union Budget 2022-23 likely to give more incentives to boost startups
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