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Due to the crisis arising in Western Asia, the Central Government might take a major decision to prevent foreign capital from moving out of the Indian market. According to a source, if Foreign Portfolio Investors (FPI) invest in government securities or bonds, the government is planning to completely waive or withdraw the capital gains tax on the returns earned from them.On Wednesday, an ordinance was approved in the Union Cabinet meeting chaired by Prime Minister Narendra Modi to make necessary amendments to the income tax law. This conditional formal notification could be issued within this week itself.Currently, foreign investors holding…

ABD Maestro Pvt. Ltd., the super-premium and luxury spirits subsidiary of Allied Blenders & Distillers (ABD), has entered the Odisha market with the launch of four premium brands — AODH Irish Whiskey, WOODBURNS Contemporary Indian Malt Whisky, YELLO Designer Whisky and RANGEELA Contemporary Indian Vodka. The launch, held in Bhubaneswar on Tuesday, marks a key milestone in the company’s expansion strategy as it seeks to strengthen its presence in high-potential markets across India. ABD Maestro said the move aligns with its vision of building a future-focused portfolio of premium spirits tailored to evolving consumer preferences. The company, which counts Bollywood…

Non-Banking Financial Company (NBFC)-Factor 121 Finance has crossed ₹10 crore in cumulative disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace (GeM), marking a significant milestone in expanding digital credit access for micro, small and medium enterprises (MSMEs). The company said it has disbursed more than 2,600 loans to over 400 MSMEs across 173 cities in 27 states, helping small suppliers secure working capital against confirmed government purchase orders. Built on the Open Credit Enablement Network (OCEN), GeM Sahay allows eligible MSMEs to access collateral-free, short-term financing within minutes using transaction data linked to government procurement orders.…

Indian equity benchmarks staged a resilient intraday recovery from a weak, gap-down opening to finish a highly volatile session virtually unchanged, as cautious investors pushed through heavy macroeconomic headwinds. The BSE Sensex managed a microscopic 14-point gain to close at 74,360, while the NSE Nifty 50 added a mere 11 points to settle at 23,417. Domestic sentiment was severely tested early in the day following a bruising overnight sell-off on Wall Street and deep losses across major Asian markets, sparked by escalating geopolitical anxieties between the United States and Iran in the Persian Gulf region. Despite an initial risk-off atmosphere…