Stock Market Today: Midcap and Smallcap Indices Surge Over 2% On October 8, 2023, the broader markets notably outperformed Indian benchmarks, evidenced by Nifty Midcap and Nifty Smallcap indices rising over 2% each, outmatching the benchmark Nifty 50, which gained approximately 1% in trades. This surge was influenced by encouraging market sentiment and strategic value buying following a steep decline in Indian equities. Speculation surrounding a potential rate cut by the Reserve Bank of India’s […]

Remitting Money to India: Tax Implications for You and Your Brother Navigating the complexities of international money transfers and understanding the related tax implications are crucial for maintaining compliance and achieving your financial goals. Key Questions Are remitted funds taxable for you or your brother in India? Should the funds be transferred to your account for withdrawal via Power of Attorney? Is there a need to transfer the funds to your NRE or NRO accounts? […]

SEBI’s Proposal for Stockbrokers to Trade in Government Securities The Securities and Exchange Board of India (SEBI) has announced a significant development aimed at enhancing retail participation in government securities (G-Secs) trading. Introduction to NDS-OM What is NDS-OM? NDS-OM: Screen-based electronic anonymous order matching system. Introduced by: The Reserve Bank of India (RBI) in 2005. Maintained by: The Clearing Corporation of India (CCIL). Purpose: Designed exclusively for secondary market trading in G-Secs. SEBI’s Proposal for […]

DeHaat in Talks to Raise $100 Million for Seed Company Acquisition Investment Overview Agritech startup DeHaat is undertaking preliminary discussions to secure $100 million through a mix of debt and equity, aimed at acquisitions and further business expansion. Informed sources indicate these funds will facilitate the purchase of a seed company valued between $50-65 million. The due diligence process is in progress, with expectations to finalize the deal within the next six months. Key Highlights: […]

India’s Carbonated Soft Drinks Sector Faces Expansion Challenges Introduction The Economic Think Tank ICRIER’s recent findings highlight the critical challenges faced by India’s Carbonated Soft Drinks (CSD) sector. Despite supportive government initiatives like ‘Make in India’ and ‘Aatmanirbhar Bharat,’ high taxation under the Goods and Services Tax (GST) regime significantly hampers growth. High Taxation: A Major Barrier GST Impact: The current GST structure imposes a steep 28% tax plus a 12% cess on carbonated drinks […]