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From July 1, obtaining a new PAN card will require mandatory Aadhaar authentication, according to the Central Board of Direct Taxes. This initiative aims to enhance accountability and compliance in tax filing through digitalization. While existing PAN holders have until December 31, 2025, to link their Aadhaar without penalty, failure to do so will render their PAN inoperative next year.
Siemens Energy India's stock surged to its upper limit upon listing, with experts predicting up to 30% gains driven by India's power infrastructure investments. Brokerages like Jefferies anticipate significant EPS CAGR, supported by T&D projects and efficiency.
Emkay Research projects Brent crude oil prices to average $70 per barrel in fiscal year 2026. This is despite Middle East tensions. Oil markets are well supplied. Production is rising from OPEC+ and non-OPEC+ nations. A ceasefire could lower prices. Gas markets could face pressure. Risks of escalation remain real. The Strait of Hormuz closure could surge global prices.
Reliance Consumer Products is set to invest ₹6,000-8,000 crore to expand its beverage business, challenging Coca-Cola and PepsiCo. This investment will support new plants across India. RCPL's portfolio includes Campa Cola and other brands, with aggressive pricing strategies. The company aims for national availability by 2027, leveraging a growing distribution network.
India's trade with the G7 nations has experienced substantial growth, reaching $248 billion in FY25 with a 13% CAGR since FY21. Exports to the G7 hit $138 billion, while imports totaled $110 billion. India maintains a $28 billion trade surplus, driven by key sectors like telecom equipment and pharmaceuticals, with mobile phone exports surging by 55%.
India and the UK finalized their Free Trade Agreement (FTA) during an informal meeting in London's Hyde Park, where Minister Piyush Goyal and his UK counterpart, Jonathan Reynolds, sealed the deal over ice cream.
India secures a significant Rs 3,000 crore deal to export locomotives to Guinea, bolstering its global railway manufacturing presence. The 'Make in India' initiative will see 150 Bihar-made locomotives supporting Guinea's Simandou iron ore project. This collaboration with Wabtec showcases advanced technology and strengthens India-Africa economic ties, creating jobs and advancing manufacturing technology.
2025/07/06 11:50:19
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