Economy News

Stock Market Highlights, Nov 5: Broader markets, too, ended in green. Nifty Small Cap 100 and Nifty Mid Cap 100 indices surged about 1% and 2%, respectively.

In its recommendations, FICCI has mainly sought the restoration of the LTCG exemption on listed shares, along with a predictable capital gains tax framework for the next decade. The demand comes as businesses seek greater certainty over tax treatment and long-term investment decisions.

Prolonged labour unrest and a potential rise in production costs could prompt global apparel buyers to shift orders towards Indian manufacturers.

Plan includes 30 GWh of battery storage, 60 GWh of pumped storage and 2 GWh from emerging technologies; scheme to be implemented with states.

Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.

The review will assess the Directorate General of Civil Aviation's (DGCA) ability to effectively oversee aviation safety in line with international standards.

US job openings unexpectedly jumped in September to a four-month high and layoffs fell to the lowest level in over a year, signaling firmer demand for workers heading into the fourth quarter.

Brent crude was trading near $103.50 a barrel, while West Texas Intermediate (WTI) futures were around $96 a barrel.

Setty said SBI has no plans to sell its stake in YES Bank at present. He also said the bank is being selective in its exposure to data centre companies, adding that the portfolio remains relatively small.

MTNL's land assets are expected to be a major part of the government's monetisation drive. The Centre is targeting additional monetisation of MTNL properties worth Rs 4,000-5,000 crore over the next two years.

The Finance Minister added that she recognised the demand for extending to equity investments the kind of support currently available to debt markets.

It has also suggested allowing tax-neutral switching between mutual fund schemes held for more than a year.