The biggest negative impact of the Union Budget FY25 announcements within the non-BFSI sector will be on the financial intermediaries such as stock exchanges, brokers and wealth managers. BFSI stands for banking, financial services and insurance. The short-term capital gains tax has been increased to 20% from 15% and long-term […]
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Corporate investments in fixed assets remained robust during FY24, despite the hike in interest rates, backed by their cash flows. A Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased […]