Business

21

Jan

By The Press Editor

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Business

Atal Pension Yojana: Cabinet approves continuation of APY till 2030-31, details here

Atal Pension Yojana (APY) was launched on May 9, 2015 with the objective of providing old-age income security to workers in the unorganised sector. New Delhi: The Union Cabinet has approved the continuation of Atal Pension Yojana (APY) up to the financial year 2030-31. The Cabinet has also approved the extension of funding support for promotional and developmental activities and gap funding. APY was launched on May 9, 2015, with the objective of providing old-age income security to workers in the unorganised sector. As of January 19, 2026, over 8.66 crore subscribers have been enrolled under APY. The scheme will…

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21

Jan

By The Press Editor

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Business

Walmart-backed PhonePe gets SEBI nod for IPO, company to file updated draft papers soon

The company has already roped in bankers - Kotak Mahindra Capital, JPMorgan Chase, Citigroup and Morgan Stanley - for launching its initial public offer. Mumbai: Country's biggest fintech firm PhonePe has received SEBI approval for its IPO, and the company will file updated draft papers for listing soon, sources familiar with the development said. The IPO will be an Offer For Sale by existing shareholders. The company will not be raising any additional primary capital in the IPO, said one of the sources. The company has already roped in bankers - Kotak Mahindra Capital, JPMorgan Chase, Citigroup and Morgan Stanley…

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21

Jan

By The Press Editor

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Business

Deepinder Goyal steps down as CEO of Eternal, Albinder Dhindsa to replace him

Deepinder Goyal said that as group CEO, Albinder Dhindsa (Albi) will own day-to-day execution, operating priorities, and business decisions. New Delhi: Deepinder Goyal announced his resignation as group CEO of Eternal, the parent company of Zomato and Blinkit, on Wednesday. In a letter to shareholders, Goyal said that Albinder Dhindsa (Albi) will take over as the new CEO. His resignation will take effect from February 1, 2026. "Today, I am going to step away from the Group CEO role, and subject to shareholders’ approval, will remain on the board of directors as Vice Chairman...Albinder Dhindsa (Albi) will be Eternal's new Group CEO,"…

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21

Jan

By The Press Editor

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Business

Are home buyer preferences reshaping housing in 2026? Find out here

Configurations such as 3BHKs, 3.5BHKs and flex-room layouts are steadily moving into the mainstream as households seek spaces that can adapt to evolving routines. New Delhi: India's housing narrative in 2026 is no longer anchored in the idea of mere ownership; it is increasingly shaped by the pursuit of better living. Homebuyers today are making more considered, lifestyle-led choices, prioritising how a home supports everyday life rather than just where it is located or how competitively it is priced. As highlighted by Savills, post-pandemic behavioural shifts have permanently altered residential expectations; homes are now expected to double up as workspaces,…

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21

Jan

By The Press Editor

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Business

Will Budget 2026 rescue India’s Stock Market? Experts make bold tax wishlist

As Finance Minister Nirmala Sitharaman presents the Union Budget 2026-27 on February 1, the stock markets this time will remain open on Sunday for the budget presentation. Mumbai: Ahead of the Union Budget 2026-27, stock market investors have requested the government to simplify capital market taxation. Along with a higher exemption limit for long-term capital gains (LTCG), stock market investors have suggested that the government should refrain from further increases in transaction taxes.  As Finance Minister Nirmala Sitharaman presents the Union Budget 2026-27 on February 1, the stock markets this time will remain open on Sunday for the budget presentation.…

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21

Jan

By The Press Editor

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Business

Budget 2026: Big tax relief for married couples? Government’s big plan on joint tax system

Once implemented, the joint tax system will be extremely useful for single-income families, retired couples, and families where the tax exemption for the non-earning spouse currently goes unused. New Delhi: In a significant step, the Institute of Chartered Accountants of India (ICAI), the apex body of tax experts and chartered accountants, has proposed a system that could completely overhaul tax calculations for married couples. Currently, the income tax system in the country treats individuals as the basic unit, not families. Despite getting married, husbands and wives are required to file separate tax returns, even though household expenses, investments, and future…

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21

Jan

By The Press Editor

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Business

New four-lane highway to transform connectivity in Eastern UP, check details here

To be constructed on National Highway-727B from Sikandarpur to Ballia, this four-lane road will run an approximate distance of 34 kilometres and will be equipped with paved shoulders on both sides. Lucknow: Uttar Pradesh, under the leadership of Chief Minister Yogi Adityanath, is improving its infrastructure at a rapid pace. Continuing with its spree of projects, the state will get a major infrastructural boost as the central government will facilitate the construction of a new four-lane highway, which will establish a direct and fast connection between three important districts of eastern Uttar Pradesh. In this regard, Union Minister for Road…

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21

Jan

By The Press Editor

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Business

Budget 2026: Financial sector seeks capital easing, credit push and policy stability

Industry experts said the next phase of growth will depend not just on expanding access to financial services, but on improving the quality of credit, the sustainability of financial institutions and last-mile delivery. New Delhi: As the Union Budget 2026 draws closer, stakeholders across the financial sector have urged the government to roll out policy measures aimed at strengthening the financial system by easing capital constraints, encouraging responsible credit growth and expanding financial inclusion. Industry experts said the next phase of growth will hinge not only on wider access to financial services but also on improving credit quality, ensuring the…

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21

Jan

By The Press Editor

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Business

665% return in 2 years: Real estate stock in focus as company allots 5 lakh equity shares

The stock's 14-day relative strength index (RSI) is 82.46. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of RDB Infrastructure and Power are in focu as the company has informed exchanges about the allotment of 5 lakh equity shares on conversion of warrants. Amid this update, the stock started the trading session in the green at Rs 73.40 against the previous close of Rs 73.35 on the BSE. During the day, the stock touched its intraday high and low of Rs 76 and 58.75 respectively.…

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21

Jan

By The Press Editor

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Business

After bagging project under PM Surya Ghar scheme, this renewable stock in focus again, check details

The stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Its 14-day relative strength index (RSI) is 17.87. Mumbai: Shares of Servotech Renewable Power System Ltd, an NSE-listed company that develops tech-enabled EV charging solutions, are in focus after the company informed exchanges that it has incorporated a wholly owned subsidiary. Following this, the stock started the session flat at Rs 65.85, even as benchmark equity indices Sensex and Nifty drifted lower in early trade amid heightened geopolitical tensions, weak global markets, and persistent foreign fund outflows that rattled investor sentiment. The 30-share BSE Sensex…

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