Business

A parliamentary panel suggests lowering the minimum director age to eighteen years. The committee also backs raising the maximum director age to seventy-five years. Special NCLT benches for insolvency matters are recommended for efficient asset resolution. The panel proposes retaining the ten crore net profit threshold for CSR applicability. New provisions will enable seamless re-domiciliation

New tax law amendments are proposed by Finance Minister Nirmala Sitharaman. These changes aim to offer concessions to overseas investors and boost electronics manufacturing. The government plans to extend tax exemptions for specified electronic goods by ten years. It also introduces new exemptions for storing and selling electronic components. These reforms signal a shift towards

Protecting new online shoppers from AI scams is India’s next e-commerce challenge. Amazon’s trust chief highlights consumer awareness as critical for digital fraud. Generative AI creates sophisticated scams, but also aids detection efforts. Behavioral data helps distinguish genuine sellers from bad actors effectively. Amazon acts against fraud proactively, not waiting for regulatory mandates.

The government is selling up to 6.5% of LIC shares through an offer for sale. This divestment aims to meet minimum public shareholding norms ahead of schedule. The offer begins Tuesday and closes Wednesday with a base price of Rs 382. Successful sale will raise approximately Rs 31,400 crore for the government. This move contributes

Low-priced medical device imports from China and Malaysia are impacting India’s domestic manufacturing capabilities. Imports from Asean countries have increased significantly, affecting local players. Chinese products often enter India through Asean nations, exploiting free trade agreements. Domestic companies are finding it difficult to compete, despite government incentives. Urgent renegotiation of trade agreements is needed to

Nifty also saw a significant rise in the last twenty minutes of trading. The Indian rupee remained nearly unchanged against the US dollar. Dollar demand from importers and state-run banks increased during the session.