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Vikas Khemani, Founder of Carnelian Asset Management, points out the peculiarity of having both capital gains tax and Securities Transaction Tax (STT) in India. He suggests eliminating one tax to make it fairer. He also mentions expectations for a reduction in personal income tax and the importance of the fiscal deficit and capex spending in the upcoming Budget.
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News and Media
HDFC Bank's shares are in focus after the lender posted a 2.2% YoY growth in net profit for Q3FY25, reaching Rs 16,736 crore, which fell short of Street estimates. The bank's net revenue grew by 6.3%. Analysts recommend a 'Buy' rating due to strong asset quality and improvements in deposit market share.
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News and Media
The House has passed the Laken Riley Act, which mandates detaining unauthorized immigrants accused of theft and violent crimes. The bill, named after a murdered nursing student, received bipartisan support and underscores the shift in immigration policy following Trump's election. Implementation will require significant funding and resources.
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News and Media
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