Delhi Assembly's budget session second phase, scheduled for May 13, called off
"The government has decided to defer the session. New dates will be announced later on," an official said to the news agency PTI.The first part of the budget session began on March 24. During that sitting, Chief Minister Rekha Gupta, who also holds the finance portfolio, presented her maiden budget.Gupta unveiled the 2025–26 budget with an outlay of Rs 1 lakh crore, reflecting a 31.5 per cent increase from the previous financial year.Must Watch
advertisementIN THIS STORY#Delhi
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
21 minutes ago
- Business Standard
GST reforms: How and where to invest in the stock market? Analysts decode
The proposed rejig in goods and services tax (GST) announced by the government last week coupled with eights pay commission dole out is likely to push consumption-driven stocks such as air conditioners (ACs), select automobiles, fast moving consumer goods (FMCG), retail and counters of quick service restaurants (QSRs) into higher orbit over the next few months, believe analysts. In this backdrop, they suggest investors stay with the 'consumption' theme rather than 'capex-driven' plays over the next few months. At the bourses, the consumption-driven theme has played out well thus far in fiscal 2025-26 (FY26) with the Nifty India Consumption index rising nearly 11 per cent as compared to around 5 per cent upswing in the Nifty 50 index during this period. Here's how leading brokerages have decoded the GST rejig-related developments and their investment strategy in this backdrop. Bernstein Despite good monsoons and green shoots in rural areas, a broad based consumption recovery awaits. An optimistic case of this measure results in a net annual consumption boost by $13 billion, assuming 65 per cent of incentive comes back as consumption. Equity markets will cheer this fiscal push - although a part of this flow will emerge from truncated capex. However, a recovery demand in the economy to eventually push private spending is the argument in the medium term. As for Nifty - despite near term economic weakness and tariff uncertainty we continue to expect a high single-digit return for the rest of the year. From a sector perspective we retain our consumer over Industrials focus this year. We moved to overweight on consumer staples last month, had upgraded durables earlier this year and have been selectively picking other discretionary areas for our India portfolio (select retail, QSRs). GST rate cut impact Jefferies Likely beneficiaries may include currently 28 per cent taxed goods such as two-wheelers (Bajaj, Hero, TVS, Eicher should benefit), ACs (Voltas, Blue Star, Amber Enterprises. Marginal positive for Whirlpool, Havells, Lloyd) and possibly small cars and hybrids. Cement is another large category at 28 per cent, which stands to benefit. The removal of the 12 per cent tax bracket will be positive for processed foods, footwear (less than Rs 1,000), hotels (less than Rs 7,500), garments (over Rs 1,000), and farm equipment. Relief in headline tax rates for Insurance premium is also likely. Lower tax on cement & some other construction material is positive for developer margins. The festive season shopping will start from mid-September. The implementation of GST rate changes on consumer durables needs to be timed accordingly, or there is a risk of delay. The GST rate cut will also have some dampening impact on the CPI well into the first half of FY26 and may raise hopes of further rate cuts by the RBI. Emkay Global The sector rotation theme of consumption over capex will see further traction. However, the net impact on aggregate demand will hinge on how the government offsets the resulting revenue loss. If fiscal targets are to be maintained, this gap is likely to be bridged by reducing other expenditures—whether in capex, or revenue expenditure outlays in the social sector and rural schemes—limiting the overall lift to demand. However, all else equal, such tax changes should boost consumption in FMCG, consumer durables, autos, cement, and similar sectors, with even the Insurance sector seeing a gain. Motilal Oswal Financial Services Key segments/sectors that stand to benefit include Consumer Staples (through better demand, lower raw material costs), Automobiles (four-wheelers), Cement, Hotels (sub Rs 7,500 room rate inventory), Retail (footwear), Consumer durables, Logistics, Quick Commerce. Some of the key stock beneficiaries include Hindustan Unilever, Britannia, Maruti, Ashok Leyland, Ultratech, Voltas, Amber, Delhivery, LemonTree, Swiggy, HDFC Bank, and Bajaj Finance. ICICI Securities Among stocks, select packaged foods Nestle, HUL, Tata Consumer, AWL Agri and Patanjali are likely to benefit from the rejig. GST rejig on ayurvedic products (chyawanprash, ethnic and OTC products) is likely to benefit Dabur, Emami. Dabur, Varun Beverages could gain from rejig in GST rates for fruit juices. In discretionary items, Go Fashion, Vishal Mega Mart, Page Industries are likely to gain. Blue Star, Voltas, Havells (Lloyd), Whirlpool could benefit in the white goods and durables categories. Hatsun, Dodla, Heritage in the dairy segment, and Maruti Suzuki, Hero MotoCorp and Mahindra & Mahindra are expected to be the key beneficiaries.
Mint
21 minutes ago
- Mint
14300% rally in five years! Small-cap stock jumps 19% to new high on record date for 8:1 bonus issue, 1:2 stock split
Shares of small-cap multibagger stock Algoquant Fintech skyrocketed 19 percent to reach a record high of ₹ 91.70 on Monday, August 18. The surge coincided with the record date for two significant corporate actions by the company: an 8:1 bonus issue and a 2-for-1 stock split. These measures are designed to reward existing shareholders and improve liquidity, reflecting management's confidence in the firm's long-term growth prospects. Algoquant Fintech had earlier announced a bonus issue in the ratio of 8:1, meaning shareholders will receive eight fully paid-up equity shares of ₹ 1 each for every one share held. The bonus shares are being issued by capitalising the company's free reserves, subject to shareholder approval. This action effectively rewards existing investors without requiring any additional investment, offering them more shares proportionate to their holdings and enhancing overall shareholder value. "This is to inform you that the Company has fixed August 18, 2025, as the Record Date for Issuance of Bonus Shares in the ratio of 8:1, i.e., 8 (eight) new fully paid-up equity shares of Rs. 1/- (Rupees One only) each for every 1 (one) existing fully paid-up equity share of Rs. 1/- (Rupees One only) each." as per the exchange filing. Alongside the bonus issue, Algoquant Fintech declared a stock split, wherein each share with a face value of ₹ 2 will be split into two equity shares of ₹ 1 each. This marks the company's second-ever stock split, following its 5:1 split in December 2021. "Pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations") and other applicable provisions, this is to inform you that the Company has fixed August 18, 2025, as the Record Date for the subdivision/split of each equity share of face value of Rs. 2/- (Rupees Two only) each, fully paid-up, into 2 (two) equity shares of face value of Rs. 1/- (Rupees One only) each, fully paid-up," the company said in an exchange filing. The stock split will double the number of shares in circulation, making the stock more affordable for smaller investors and potentially increasing market liquidity. Both the bonus issue and the stock split signal management's confidence and a strategy to make the stock more accessible and attractive to a wider investor base. Despite the corporate actions, the company reported a decline in its first-quarter performance. Net profit fell 68.10 percent to ₹ 4.44 crore in the quarter ended June 2025, compared with ₹ 13.92 crore in the same period last year. Similarly, sales dropped 16.96 percent to ₹ 54.50 crore against ₹ 65.63 crore in the corresponding quarter of the previous fiscal year. Algoquant Fintech has been a remarkable multibagger over the long term, delivering a staggering 14,300 percent rally in the last five years. Over the past year, the stock has climbed 64 percent and surged 108 percent from its 52-week low of ₹ 4, recorded in April 2025. In recent trading activity, the shares rose 8.03 percent over the past five sessions and 15.21 percent in the last month. Over six months, the stock achieved a stellar gain of 58.50 percent, highlighting sustained investor interest and confidence. Algoquant Fintech Limited engages in the trading of financial instruments in India. Formerly known as Hindustan Everest Tools Limited, the company changed its name to Algoquant Fintech Limited in November 2021. Incorporated in 1962 and headquartered in New Delhi, the company operates as a subsidiary of Algoquant Investments Private Limited. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
NDTV
21 minutes ago
- NDTV
Thane Man Duped Of Rs 41 Lakh In Online Trading Scam, Case Filed: Cops
Thane: Two persons allegedly cheated a 48-year-old man from Maharashtra's Thane city of Rs 40.99 lakh in a fake online trading scheme, police said on Monday. As per the victim's complaint, he came across a trading advertisement on Facebook and while pursuing it, he was added to a WhatsApp group where he was guided by fraudsters to invest in IPOs. He transferred Rs 40,99,814 to some bank accounts in May and June this year. His accounts later reflected his investment had risen to Rs 88,39,072, but he was unable to withdraw the amount. When the fraudsters asked him to pay 20 per cent of the amount as tax, the man realised he was cheated, an official from Vartak Nagar police station said. After the victim's efforts to recover the money failed, he approached the police. Based on his complaint, the police on Sunday registered an FIR against two persons, including a woman, under sections 318(4) (cheating) and 3(5) (common intention) of the Bharatiya Nyaya Sanhita as well as provisions of the Information Technology Act, the official said.
