Replying to a question in the Lok Sabha on Monday, Minister of State for Finance Pankaj Chaudhary said the government currently has no plan to remove the tax on long-term gains from equity investments.
Aditya Birla Capital Ltd (ABCL) officially informed the stock exchanges here on Friday that it has invested Rs 484.5 crore in Aditya Birla Sun Life Insurance Company Ltd (ABSLI) through a rights issue of equity shares.
The Indian stock markets ended on a strong note on Friday, supported by robust buying in auto, information technology (IT), and banking stocks.
Indian stock markets on Thursday failed to hold on to their early gains and ended flat in a volatile session, weighed down by weak global cues and profit booking.
India heavily depends on imports of pulses and oilseeds, making higher domestic productivity a necessity.
The AI-first company will begin operations with more than 16 offices worldwide and aims to help airlines, airports, cruise operators and hospitality firms modernise operations and unlock new revenue opportunities through artificial intelligence.
The government cited data from automobile manufacturers, including Maruti Suzuki and Hero MotoCorp, to argue that higher ethanol blends have not led to widespread vehicle reliability issues, while acknowledging a modest impact on fuel economy.
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, and Dioxycle, a French clean-technology company specialising in chemical manufacturing, officially announced a long-term partnership on Friday to develop and scale up manufacturing of low-carbon chemicals in India.
Renault India, the wholly owned subsidiary of Renault Group, on Friday announced a strategic partnership with the Indian Institute of Technology (IIT) Kanpur to strengthen vehicle research and development capabilities in India.
The ministry traced India's ethanol blending journey back to 2001, saying the E20 rollout followed years of policy planning, investments in ethanol production, industry consultations and large-scale field validation before nationwide implementation.
