Stock market ends lower amid Trump’s new tariff plan on steel

IANS | February 10, 2025 4:07 PM

Mumbai, Feb 10 (IANS) Indian stock markets on Monday ended the first trading session of the week on a negative note, as both the BSE Sensex and NSE Nifty ended lower following US President Donald Trump’s announcement of upcoming new tariffs on steel and aluminium imports.

Industrial, logistics space absorption in India to exceed 25 pc annual growth

IANS | February 10, 2025 2:51 PM

Mumbai, Feb 10 (IANS) India's logistics sector is advancing rapidly, propelled by increasing investments, digital transformation and robust policy initiatives, and 2025 may exceed the 25 per cent annual growth seen in the industrial and logistics space absorption last year, according to a new report on Monday.

PLI scheme for electronics manufacturing has created over 1.37 lakh direct jobs: Govt

IANS | February 10, 2025 1:18 PM

New Delhi, Feb 10 (IANS) The production-linked incentive (PLI) scheme for electronics manufacturing has succeeded in attracting a cumulative investment to the tune of Rs 10,213 crore till December 2024, leading to the creation of over 1.37 lakh direct jobs and boosting the country exports, according to information tabled in the Parliament.

New Income Tax Bill to raise transparency in tax laws, say experts

IANS | February 10, 2025 12:25 PM

New Delhi, Feb 10 (IANS) The new Income Tax Bill is contemplated to raise the level of transparency in tax laws by adopting clear and unambiguous language in tax provisions which allows the taxpayers to easily understand their obligations and rights, industry experts said on Monday.

Revised income tax law to eliminate obsolete and redundant provisions: Experts

IANS | February 9, 2025 10:26 PM

New Delhi, Feb 9 (IANS) The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid understanding and interpretation by various stakeholders, which will also eliminate obsolete and redundant provisions, according to industry experts.