The Confederation of Indian Industry (CII) has called for a review of accounting standards for intangible assets, citing their critical role in value creation in India's digital economy, and recommending changes to recognize internally generated assets, such as brand development and proprietary algorithms, and to allow capitalization of development costs with long-term economic benefits.

There was a hue and cry after the Union Budget 2024-25 as the Centre increased the long-term capital gains (LTCG) tax on equity from 10% to 12.5%. However, since April 2023, the benefit of indexation has been taken away from debt-oriented mutual funds (MFs), and it is taxable at marginal slab rate (MSR). For most investors, the MSR is 30%. 

India’s Essar Group is planning to build eight gigawatts of round-the-clock clean power capacity, helped by falling battery prices that should allow faster adoption of energy storage technologies in the country. It will be the coal and gas firm’s first foray into renewables, and will see solar, wind and battery storage built out over five years, according to Prashant Ruia.

Norway's sovereign wealth fund said on Wednesday it has bought a 25% stake in a mixed-use property portfolio located in London's Mayfair district for 305.7 million pounds ($376.53 million). The 2.3 million square feet portfolio is predominately office and retail assets clustered around Grosvenor Street and Mount Street, the fund said in a statement.

Apple will soon release iOS 18.3 and looks like a lot of interesting updates are in store for the users. The iOS 18.3 beta version has been made available today for the developers and the beta testers. Although not all features will be made available for the regular users, we now have a fair idea about what to expect from the iOS 18.3 update.

RCPL on January 22 announced the acquisition of the packaged foods brand SIL Foods. The Mumbai-based brand has a diverse range of products which includes Chinese sauces, jams and canned foods. The Reliance Group firm said it aims to bring new life to SIL Foods brand and leverage its scale, technological capabilities, and deep understanding of the Indian consumer.

Recycling player Gravita India Ltd on Wednesday (January 22) reported a 29.4% surge in net profit at ₹78 crore in the December quarter. The company had posted a net profit of ₹60.3 crore in the same quarter last fiscal year. The revenue in the third quarter of the ongoing fiscal year was up 31.5% at ₹996.4 crore against ₹757.8 crore in the year-ago period.

State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday (January 22) announced that its board of directors has approved the submission of a plan to the Indonesian regulator for developing the Nunukan block's oil and gas reserves. The proposed plan, once approved and subject to meeting specified conditions, will involve an estimated investment of $121 million.

The National Company Law Tribunal’s (NCLT) Delhi bench has dismissed Bollywood actor Akshay Kumar’s plea to initiate insolvency proceedings against ed-tech company Cue Learn Pvt. Ltd. Kumar had filed a plea against the edtech under Section 9 of the Insolvency and Bankruptcy Code (IBC) over the non-payment of ₹4.83 crore as part of a 2021 endorsement agreement, terming the dues operational debt.

NDR InvIT Trust on Tuesday announced it has acquired a Grade-A industrial and warehousing portfolio for Rs 706.1 crore. Spread across Surat, Hyderabad, Bengaluru, and Pune, the strategic acquisition adds 2.01 million square feet (MSF) of fully operational, high-quality assets to NDR InvIT's growing portfolio it said.

Property and casualty insurer Travelers beat estimates for fourth-quarter profit on Wednesday, as strength in its underwriting business cushioned a blow from elevated catastrophe losses. Individuals and companies are increasing their spending on insurance in response to rising economic uncertainty and risks, enabling insurers to attract and retain clients.

Sanofi India Ltd receives transfer pricing order from the Joint Commissioner of Income Tax, imposing an income tax liability of ₹26.50 crore for assessment year 2022-23 due to disallowed international transactions. The company plans to appeal the order before higher tax authorities after completing draft assessment proceedings.

The Pune Municipal Corporation demands 15 government land parcels to expedite pending projects, including 24x7 water supply, road widening, and playground development, with an estimated cost of Rs 25 crore. The corporation has already obtained approval from the standing committee and general body meeting.

The board of Bharat Petroleum Corporation Ltd (BPCL) on Wednesday, January 22, announced an interim dividend of Rs 5 per share for its eligible shareholders, fixing January 29 as the record date for the same. Additionally, it was informed by the company that the dividend would be paid to the shareholders on or before February 20.

Instagram has been sneakily blocking the Democrats hashtag in the US. Soon after Donald Trump was chosen as the US President, many users reported that whenever they searched for “Democrat” or “Democrats”, they were met with a “results hidden” message. Meta, however, has denied the accusations. The company has stated that the issue is technical and not intentional.