Shrimi Choudhary

2 weeks ago | ndtvprofit.com | Shrimi Choudhary

Corporate tax collections in the first quarter of fiscal 2025-26 are expected to show limited growth due to ongoing tariff uncertainty and a volatile global market, according to a government official. Export-focused companies, many of which are among the top corporate taxpayers, may see a reduction in margins, which would affect overall corporate tax receipts, a finance ministry official told NDTV Profit.

2 weeks ago | ndtvprofit.com | Shrimi Choudhary

The government is poised to exceed its revised capital expenditure (capex) target for FY25 by modest margin, a top official told NDTV Profit. The capex target if surpassed signalling boost to economy, which is grappling with sluggish demand and consumption. The government’s focus is on boosting growth as India aims to become the world’s third-largest economy by 2030, even though it faces the prospect of a four-year low in growth for the current fiscal year.

2 weeks ago | ndtvprofit.com | Shrimi Choudhary

India is not planning a knee-jerk reaction to the United States’ reciprocal duties, with official sources emphasising that the primary focus remains on finalising the Bilateral Trade Agreement. The agreement is expected to be concluded as early as August. If it does, it would be the first bilateral deal to be finalised within just six months. Notably, India's trade deals with UK and EU have been hanging for over two years, despite several rounds of negotiations.

3 weeks ago | ndtvprofit.com | Shrimi Choudhary

Hello and happy Tuesday! Hope you had a wonderful long weekend! While we were all enjoying our Eid feasts, it seems the government decided to surprise Vodafone Idea (Vi) with a little eidi of its own, stepping in to rescue the cash-strapped telecom company after months of financial uncertainty.In a bold move, the Indian government has converted Rs 36,950 crore of Vodafone Idea’s debt into equity, effectively increasing its stake from...

4 weeks ago | ndtvprofit.com | Shrimi Choudhary

The National Stock Exchange could face a potential delay of up to two years in launching its much-anticipated initial public offering, following a detailed letter from the Securities and Exchange Board of India flagged shortcomings, according to a senior official familiar with the matter. The markets regulator has advised the NSE to pause the IPO process until it addresses several concerns, recommending a waiting period of two years to resolve the issues, the senior official told NDTV Profit.