Budget 2023: Finance Minister Nirmala Sitharaman said, "Those who want to remain in the old regime can still remain there. But the new one is attractive because it gives a greater rebate."
Announcing a slew of measures for the Union Health Ministry, the nodal ministry tackling the worst health crisis in last many decades in the form of Covid-19, Finance Minister Nirmala Sitharaman said the government aims to focus on skilling, research and innovation in the sector as the pandemic heightened the need.
LIC's market capitalisation (m-cap) has shrunk around Rs 65,400 crore. The market valuation declined to Rs 3,78,740 crore today from Rs 4,44,141 crore, closing value on January 24. And, the stock has tumbled 14.73 per cent in five days.
On January 31, the equity research arm of Credit Suisse upgraded its rating on Adani Ports & SEZ to Outperform with a target price of Rs 825; the Switzerland-based firm’s private banking arm, however, has assigned zero lending value to bonds of the Adani Group entity.
Reacting on the update, shares of insurance behemoth LIC closed 8.38 per cent down at Rs 598.80 on February 1, while the benchmark BSE Sensex settled 0.27 per cent higher at 59,708.
But the ecosystem expressed disappointment on lack of initiative around easier Employee Stock Ownership (ESOPs) taxation or enablement of early-stage funding.
If you are not able to view this email properly, please view it online by clicking here. To ensure delivery to your inbox, please add [update@intoday.in] to your address book.
Modinomics: Budget With BT
