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Incentives for hybrids ‘regressive’, says Tata Motors Cars MD

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Tata Motors criticized Maruti Suzuki and Toyota's push for hybrid vehicle incentives, calling it a 'regressive' move that could slow EV adoption and waste government funds. Tata unveiled the Curvv EV and remarked that EVs are essential for meeting net zero emission targets, arguing hybrids do not achieve true zero emissions. Tata on Wednesday drove in the Curvv EV with an entry price of Rs 17.5 lakh (ex-showroom), and will also launch petrol and diesel versions of the vehicle soon. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FeqQ1PB

Budget tweak: Govt to rework property capital gains formula

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The Indian government revised its long-term capital gains tax proposal for real estate, offering taxpayers the choice of a 20% tax with indexation benefits or a 12.5% tax without indexation. This amendment aims to address concerns from middle-class property owners and will apply to properties acquired before July 23, 2024. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9RmyWDT

Bitcoin plunges, Ether has worst drop since 2021

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from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MGP3pte

Adani plans to retire in 8 years at 70: Report

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​​Gautam’s sons, Karan (37) and Jeet (26), are involved in the ports and airports businesses, while his nephews, Pranav (45) and Sagar (30) oversee the FMCG and green energy portfolios. Pranav is the son of Gautam’s older half brother Vinod Adani and Sagar is the son of his younger brother Rajesh Adani. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/n0bQtF8

Don’t panic, bet on resilient economy, stay invested: Experts

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​​Over the past three decades, the Indian market has gone through several bouts of sharp selling, some influenced by external factors while others by local issues. Yet, over the last 30 years, the sensex has moved up by nearly 22.5 times with a compounded annual growth rate of 11 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DpWiuIE

Gautam Adani, Adani Group chairman, to step down at 70; shift control to sons and their cousins: Report

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Gautam Adani, chairman of Adani Group, planned to step down at age 70 and cede control to his sons and their cousins around 2030. Adani's elder son Karan, younger son Jeet, along with cousins Pranav and Sagar, would become equal beneficiaries of the family trust, a report suggests. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2tZqmjS

Deposit crunch forces banks to raise rates

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from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sw7aUZk