Hindalco’s ₹45,000 Cr Investment, Govt’s Disinvestment Push & UPI Incentives
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🗞️ Hindalco to Invest ₹45,000 Crore in India’s Metal Business
Metals giant Hindalco plans to invest ₹45,000 crore in India's aluminum and copper sector, strengthening domestic manufacturing and aligning with the government’s Make in India initiative.
💬 Expert Opinion: “This massive investment will boost India’s position in the global metals market.” – Kumar Mangalam Birla, Chairman, Aditya Birla Group
🗞️ Govt’s Disinvestment Plan to Boost Fundraising in FY26
The government’s divestment strategy is set to drive capital markets activity in FY26, focusing on stake sales in PSUs and strategic sectors to reduce fiscal deficit.
💬 Expert Opinion: “Aggressive disinvestment will bring fresh liquidity and attract institutional investors.” – Rahul Malhotra, Market Analyst
🗞️ Bain Capital Acquires 18% Stake in Manappuram Finance for ₹4,385 Cr
Global investment firm Bain Capital is acquiring an 18% stake in Manappuram Finance for ₹4,385 crore, triggering an open offer for an additional 26% stake.
💬 Expert Opinion: “Bain Capital’s investment reflects strong confidence in India’s NBFC sector.” – Sandeep Shah, Financial Strategist
🗞️ Gratuity Limit Increased to ₹25 Lakh Under Unified Pension Scheme
Subscribers of the UP Unified Pension Scheme can now receive up to ₹25 lakh in gratuity, enhancing retirement benefits for employees.
💬 Expert Opinion: “This move strengthens pension security and aligns with rising living costs.” – Alok Sharma, Retirement Planning Expert
🗞️ No UPI Fees for Consumers as Govt Extends Incentive Scheme
The government has extended its incentive scheme ensuring that no fees are charged on low-value UPI transactions, benefiting millions of digital payment users.
💬 Expert Opinion: “UPI remains the backbone of India’s digital payments, and incentives encourage wider adoption.” – Ritu Arora, FinTech Analyst
🗞️ Paytm Shares Drop 5% After ₹1,500 Cr UPI Incentive Approval
Despite the ₹1,500 crore government approval for UPI transactions, Paytm’s stock fell 5%, reflecting investor concerns over profitability and regulatory challenges.
💬 Expert Opinion: “While government support is positive, Paytm's business model sustainability remains under question.” – Neha Kapoor, Stock Market Analyst
🗞️ ₹43 Lakh Crore Tax Demand: Two-Thirds Difficult to Recover
The Income Tax Department has reported that two-thirds of the pending ₹43 lakh crore tax demand is unlikely to be recovered due to disputes, insolvencies, and untraceable taxpayers.
💬 Expert Opinion: “Tax recoverability remains a major challenge despite improved compliance and digital tracking.” – Anil Gupta, Tax Expert
🗞️ RBI to Launch Panel to Address Pending Tax Appeals
The RBI is forming a special panel to resolve pending tax appeals, aiming to streamline dispute resolution and reduce backlog in tax-related cases.
💬 Expert Opinion: “Speeding up tax dispute resolutions will improve ease of doing business in India.” – Anand Joshi, Tax Policy Expert
📊 Market Updates
Sensex: Increased by 1.19%, closing at 76,348.06.
Nifty 50: Gained 1.24%, ending at 23,190.65.
Rupee: Strengthened to ₹86.36 against the U.S. dollar.
Gold: Trading at ₹61,780 per 10 grams.
Silver: Priced at ₹71,900 per kg.
Brent Crude: At $71.10 per barrel.