India’s real estate sector is booming, but the industry is facing significant hurdles. Developers say the affordable housing segment is under pressure, and they’re looking for decisive support from the Union Budget. CNBC-TV18’s Shilpa Ranipeta and Rumi Chakraborty outline their wishlist, including higher home loan rebates, relaxed limits for affordable housing, and incentives for rental housing.
Applications for jobless benefits fell by 16,000 to 207,000 for the week ending January 25, the Labor Department said Thursday. Analysts were expecting 225,000 new applications.
Analysts see support at 23,200, and a break below this level could trigger a decline towards 23,000. On the other hand, a decisive move above 23,300 might push the index towards 23,500.
The Union Budget is just days away and there’s been enough chatter, enough clamour about perhaps some help that the finance minister may want to extend to the common man in the form of maybe some sort of tax relief in terms of personal income tax rates. To discuss the markets and common man’s expectation from the budget CNBC-TV18 spoke to Rahul Jain, President and Head of Nuvama Wealth and Rakesh Nangia, Chairman of Nangia Andersen India.
Shares of Biocon Ltd closed slightly higher at ₹357.15 on the BSE today, up 0.44% or ₹1.55, ahead of the earnings announcement.
In its probe, SEBI observed that funds of credit balance clients were mis-utilized for meeting the obligations of debit balance clients and/or for its own purpose. The amount of misutilization ranged from ₹22.07 lakh to ₹16.36 crore.
Economic uncertainty has been further fuelled by expectations of tax cuts, broad tariffs on imports, and mass deportations of undocumented immigrants, which economists warn could drive inflation higher, Reuters reported.
The company posted an 88.2% increase in net profit for the three months ended December 2024, rising to ₹71.5 crore compared to ₹38 crore in the same period last year.
Budget 2025: GST collection has become a significant indicator of the nation’s economic health and is anticipated to influence government allocations in key sectors.
The ongoing quarter had restructuring-related costs worth ₹6.2 crore, while the base quarter had similar costs to the tune of ₹91.5 crore, classified as exceptional items.
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