RBI Sees 21.5% Rise in Pvt Capex
Your daily dose of business news
🗞️ Income Tax Act Simplification Completed in 6 Months
In a landmark reform, tax officials have completed the massive task of pruning and simplifying the Income Tax Act within just six months. The move aims to cut down complexities, reduce litigation, and make compliance easier for both individuals and corporates.
🗞️ Govt Prepares Plan to Support Exporters Facing Liquidity Crunch
The government is finalizing an action plan to help Indian exporters manage their liquidity challenges and maintain order levels amid global demand fluctuations. This move is expected to stabilize the external sector and protect jobs in key export-driven industries.
🗞️ Shivashrit Foods to Debut on NSE Emerge
Shivashrit Foods, a packaged food company, is set to list on the NSE Emerge platform. The IPO is expected to give investors an opportunity to participate in India’s growing processed food industry, supported by rising demand in Tier-2 and Tier-3 cities.
🗞️ Carmakers, Oil Companies Assure E20 Fuel is Safe for All Vehicles
Amid concerns about fuel compatibility, carmakers and oil companies have jointly assured that E20 fuel (20% ethanol blend) is safe for use across all running vehicle types in India. The government is pushing for higher ethanol blending to cut crude imports and promote cleaner energy.
🗞️ Water Purifier Industry Seeks 5% GST Slab
The Water Quality India Association (WQIA) has urged the government to bring water purifiers, filters, and related services under the 5% GST slab. Currently taxed at higher rates, this move could make safe drinking water more affordable for households.
🗞️ Zydus Wellness Acquires UK-based Comfort Click for ₹2,846 Cr
In a significant overseas expansion, Zydus Wellness has acquired Comfort Click, a UK-based health and wellness company, for ₹2,846 crore. The deal strengthens Zydus’ global presence and opens access to the European nutraceuticals market.
🗞️ Private Capex to Rise 21.5% in FY26: RBI
According to the Reserve Bank of India (RBI), private capital expenditure (capex) is projected to grow by 21.5% to ₹2.67 lakh crore in FY26. This reflects strong corporate confidence and a push towards infrastructure, manufacturing, and energy investments.
🗞️ Govt Clears Path for 100% FDI in Insurance
The government has issued a fresh notification to fast-track 100% Foreign Direct Investment (FDI) in insurance. This reform is aimed at boosting capital inflows, strengthening insurers’ balance sheets, and enhancing product penetration in under-served regions.