Thailand has launched an investigation into the collapse of a 33-story under-construction high-rise following a powerful 7.7 magnitude earthquake in Myanmar on Friday. The incident has sparked concerns over the building’s structural integrity, as it was being developed through a joint venture involving a Chinese firm. Deputy Prime Minister Anutin Charnvirakul visited the site on Saturday, where at least...
March 2025
Leading Indian electronics manufacturers—Dixon, Optiemus, Zetwerk, and Bhagwati—are in discussions with global component suppliers to form joint ventures and strategic alliances aimed at bringing advanced technology to India. Each company is planning investments of ₹800-₹1,000 crore to enhance local production capacity. Industry leaders believe the recently sanctioned ₹22,919 crore Component...
Report on Equity Tax-Loss Harvesting Introduction Equity tax-loss harvesting is a tax strategy used by investors to offset capital gains by booking losses in underperforming investments. While this method helps defer tax liabilities, it comes with inherent risks. If not executed properly, investors may end up paying higher taxes than anticipated. Understanding Tax-Loss Harvesting Tax-loss harvesting...
In October, Myanmar’s Kachin Independence Army (KIA) rebels took control of a key rare earth mining region in the country’s north, dealing a setback to the ruling military junta and disrupting global supply chains. The seized area produces about half of the world’s heavy rare earths—critical materials for wind turbines and electric vehicles—causing a surge in prices, particularly for terbium...
In an industry where retaining employees and maintaining morale is a constant challenge, Deepak Ravindran, co-founder of AI-driven quick-commerce platform KiranaPro, has made an unprecedented move—gifting 1% company equity to each of his 42 employees as a personal birthday present. The announcement came via an early-morning Slack message, where Ravindran instructed senior management to allocate the...
Overview: India has emerged as a focal point for foreign institutional investors (FIIs), attracting approximately $1.39 billion in inflows this week—the highest among Asian markets. This surge indicates a renewed confidence in Indian equities, suggesting that foreign investors are becoming more comfortable with current valuations. Reversal in FII Trends: The recent uptick in FII activity marks a...
The central government has mandated weekly wheat stock reporting for traders, wholesalers, retailers, and processors across all states and Union territories starting April 1. This measure aims to strengthen food security and curb market speculation. As per the directive, all registered entities must declare their wheat stock on the government's online portal every Friday until further...
Global investors returning to India’s stock market amid its strong rally are having to overlook one major concern—high taxes. While foreign funds made their first net purchase of Indian stocks in 2025 last week, they have mostly been selling off their holdings this year. Besides economic uncertainty, investors point to India’s tax system, which imposes hefty capital gains taxes on overseas funds....
Belgium’s foreign ministry has confirmed that Mehul Choksi, the fugitive diamond trader wanted in connection with the Punjab National Bank (PNB) fraud case, is currently residing in the country. The ministry acknowledged awareness of his presence, stating that it is treating the matter with importance but refrained from commenting further, citing confidentiality on individual cases. Choksi is reportedly...
On March 26, shares of Stylam Industries rose by 8% to reach ₹1,801 per share after the government imposed an anti-dumping duty on Acrylic Solid Surface imports from China. Since Stylam Industries produces around 70-80% of India's Acrylic Solid Surfaces, this move is expected to significantly benefit the company. The newly imposed duty will remain in place for five years. Stylam Industries had...