Hyderabad to host India's largest Jain business summit
Hyderabad: The Hyderabad Chapter of the Jain International Trade Organisation (JITO) hosted a spectacular curtain raiser event for JITO Connect 2025, set to be the largest-ever congregation of Jain entrepreneurs, innovators, and changemakers in India. Scheduled from October 3rd to 5th at HITEX & HICC, Hyderabad, the national summit is expected to host over 50,000 participants, with 2 lakh footfalls, 1,000 business stalls, and global sessions focused on entrepreneurship, innovation, and community development.
The curtain raiser included a vibrant fashion show and the official unveiling of 'The Bridal Story', an exclusive, high-end wedding exhibition curated by the JITO Ladies Wing, featuring top designers like Deepthi Reddy, Wrickie Angrish, Rosy Ahluwalia, and Pallavi Jaipur.
Unveiling the roadmap, JITO Apex Chairman Prithviraj S. Kothari emphasized Hyderabad's selection over major metros, highlighting the city's strategic role in hosting such a milestone event. He announced major initiatives planned during the summit, including:
JITO Apex President Vijay Bhandari hailed the summit as the 'Mahakumbh of JITO,' noting its phenomenal growth from 12,000 members in 2016 to 50,000 today. Secretary General Lalit Kumar Dangi underlined JITO Connect's vision for inclusive economic empowerment, driven by youth, women, and social service wings.
Gautam Pokarna, Founder of JITO Hyderabad, pledged to make JITO Connect 2025 the most successful edition yet. Rohit Kothari, Chairman of JITO Hyderabad, celebrated the city's role in hosting the national summit for the first time in 18 years since the chapter's inception.
Key sectors such as Artificial Intelligence, Startups (via JIIF, JITEM), and sectoral focus zones will take center stage at the summit. Sponsorships and stall bookings officially opened at the event.
Driven by the ethos of 'Aarthik Sudradhata, Shiksha, and Seva', JITO continues to set new benchmarks in sustainable business growth and inclusive development. JITO Connect 2025 promises to be a landmark celebration of entrepreneurship, collaboration, and community leadership.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 hours ago
- Mint
The HUF tax hack everyone's talking about—but few understand
If you were to take social media influencers at face value, a Hindu Undivided Family (HUF) might seem like the ultimate tax hack. A new legal entity with its own PAN? Double the deductions, right? No wonder that every year as tax season approaches, I get a familiar call: "Vijay, should we open an HUF to save taxes?" The short answer might be yes, but the real answer is: it depends. Read this | Maximise your tax savings with an HUF: A smart yet underused strategy Let's unpack what an HUF really is, how it works, when it makes sense, and when it can turn into a tax-planning headache. First, what exactly is an HUF? A Hindu Undivided Family isn't something you incorporate with paperwork. It comes into existence automatically when a Hindu (including Jain, Sikh, or Buddhist) male gets married and has children. Under Hindu law, this family becomes a legal entity, eligible to get a separate PAN, file its own return, and even own property. Yes, the HUF can earn income, invest, pay taxes at slab rates, and claim deductions just like an individual. That means more flexibility in your tax planning arsenal. So why do people use HUFs? Two words: tax saving. Imagine you're a salaried individual earning ₹25 lakh a year. You also inherit a house that fetches ₹6 lakh annually in rent. If this rent is added to your income, it's taxed at your slab rate: 30%. But if the same house is gifted to your HUF, that rental income is taxed under a different PAN, separately and likely at a lower rate. The same logic applies to interest, dividends, capital gains, or even a business run under the HUF banner. The more income the HUF earns, the more room there is to optimise your tax outgo. But what's the catch? Here's the big one: you can't just 'shift" your income to the HUF. For income to be taxed in the hands of the HUF, it must arise from assets gifted to or inherited by the HUF. Transferring your salary or business income to it? That's not valid. Worse, if you gift assets to your HUF, any income they generate could still be taxed in your hands under clubbing provisions (Section 64 of the Income-tax Act, 1961). To steer clear of these pitfalls, HUFs should ideally be funded with: Read this | FAQs on HUF: Tax benefits, formation, and key rules explained So while it may be tempting, you can't route your salary or existing investments through the HUF and expect to save on taxes magically. Legal vs Practical: Where people go wrong Many taxpayers start an HUF, transfer money from their personal account to it, and begin investing, expecting tax breaks. This often raises red flags, especially if the amounts are large or frequent. If a tax officer suspects that the HUF is being misused as a personal tax shelter, reassessments and penalties may follow. Another wrinkle: HUFs are legal persons, and over time, all coparceners (i.e., family members) gain rights to the assets. If you ever dissolve the HUF or want to sell its assets, every coparcener must sign off. Disagreements can, and often do, lead to prolonged family disputes. Also worth noting: since the 2005 amendment to the Hindu Succession Act, daughters are coparceners too, with equal rights. This is a landmark step toward equality, but it also adds legal complexity to HUF-held assets. When does an HUF make sense? An HUF can be a smart tool if you're receiving ancestral wealth or gifts and want to structure it for long-term benefit. For example: You inherit ₹1 crore from your father and invest it through your HUF. The HUF earns ₹7 lakh a year in interest income — taxed in its own hands. You save tax while building wealth under a common family structure. HUFs are also useful for estate planning — they can hold family gold, property, and investments with continuity across generations. Also read | Kalyani family dispute: Gaurishankar files documents to show HUF exists, belying brother's exclusive claims over assets HUFs are among India's oldest legal tax-saving structures. Used right, they're a powerful ally in your financial journey. But beware the oversimplified advice floating around social media — 'open HUF and save lakhs in taxes" is rarely the full picture. Like most tax tools, the HUF works best when used with clarity, planning, and the right intent. Vijaykumar Puri, partner at VPRP & Co LLP, Chartered Accountants.
Economic Times
7 hours ago
- Economic Times
Gold Price Prediction: Yellow metal tumbles Rs 2,800/10 gms amid US-China trade uncertainty. How to trade
Gold June futures and Silver July futures dipped amid volatility due to the ongoing US-China trade talks and a weaker dollar. Operating under pressure, Gold June futures contracts at MCX opened lower by Rs 723 or 0.74% at Rs 96,397/10 grams after ending on a positive note in the previous session. The prices of the yellow metal have now fallen by Rs 2,800/10 grams, from its recent high of Rs 99,214/10 grams. Meanwhile, silver July futures contracts, opened slightly lower by Rs 563 or 0.53% at Rs 1,06,524/kg, after hitting a new all-time high of Rs 1,07,171/kg. On Monday, gold and silver settled on a positive note in the domestic and international markets. Gold August futures contract settled at Rs 97,173 per 10 grams with a gain of 0.14%, and silver July futures contract settled at Rs 1,07,087 per kilogram with a gain of 1.54%. Gold and silver prices showed high volatility at the start of a new week. Gold prices plunged in the early trading session amid talks resuming between the US and China in London to cement a trade deal between the two largest economies, but prices rose off day's low amid weakness in the dollar index and US bond yields. Gold prices also reversed after the Chinese central bank turned into a net buyer of gold for the seventh consecutive month in May. 'Investors are also looking cautious and betting for a safe-haven bid in gold amid uncertainty on the final trade deal between US-China,' noted Manoj Kumar Jain of Prithvifinmart Commodity prices remain at their 13-year highs amid a weaker dollar and strength in other industrial the US Dollar Index, DXY, was hovering near the 99.15 mark, gaining 0.20 or 0.20%.'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, geo-political tensions and ahead of the U.S. inflation data; gold prices could hold its support level of $3,240 per troy ounce and silver prices could also hold $34.00 per troy ounce levels on a weekly closing basis,' he added. How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 96,600-96,180 and resistance at Rs 97,700-98,200 Silver has support at Rs 1,06,000-1,04,800 and resistance at Rs 1,08,000-1,09,400 Jain suggests buying silver around Rs 1,06,500-1,06,000 with a stop loss of Rs 1,04,800 for the target of Rs 1,07,700-1,08,500. Meanwhile, Rahul Kalantri, VP Commodities of Mehta Equities, noted that gold has support at Rs 96,720-96,390 while resistance is at Rs 97,350-97,640. Silver has support at Rs 1,06,160-1,05,250 while resistance is at Rs 1,08,750-1,09,650. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
9 hours ago
- Economic Times
India's Next Big Themes: AI, Semiconductors & Defense to lead wealth creation says Manish Jain
Manish Jain from Mirae Asset Capital Markets highlights AI, defense, digital economy, semiconductors, and renewables as key sectors for long-term wealth creation in India. He suggests that tariff war fears are not the main volatility driver, but geopolitics and earnings shocks could be. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In this edition of ETMarkets Smart Talk, Manish Jain, Chief Strategy Officer & Director at Mirae Asset Capital Markets, shares his insights on the emerging megatrends that are set to reshape India's investment landscape over the next artificial intelligence and semiconductors to defense and renewables, Jain believes these sectors hold the key to long-term wealth creation He also delves into the current market volatility, the evolving IPO landscape, and why India is poised for a multi-year growth story driven by innovation, digital transformation, and strategic modernization. Edited Excerpt -A) Last week, during our Invest India Global Conference in Mumbai, I mentioned that tariff war-related fears will not be the main driver of volatility going forward. On tariffs, the world is now tuned for sudden news and adjustments thereof.A 10% tariff tax is universal to other countries as well. The impact of the tariff war on India's GDP is limited. The impact on markets is more sentimental and consensus GDP is projected to grow at around 6.5%, which is expected to be better than last year's print of 6.3%. Bilaterally, India is at an advanced stage of discussion with the US and the UK. India is also negotiating with the EU and New seem to have bottomed out. Now, any earnings shock could be a factor for volatility. Geopolitics has become very complex. This could drive volatility. COVID could be another reason for increased volatility going forward.A) Gold is part of the portfolio. I have increased the allocation. Cash levels vary, but I try to keep cash at around 10% to take advantage of any opportunities that volatility may stocks and ETFs (including Bitcoin ETF) are part of the portfolio. I'm also evaluating UAE markets to see if they present good yields on bonds and REITs.A) For 478 companies in the Nifty 500, Revenue/EBITDA/PAT grew by 6%/11%/12% YoY. Ex-financials, growth was 6%/9%/15% YoY. EBITDA/PAT margins improved by 120/60 bps to 23.8%/10.5%.The highest earnings growth was observed in Metals, PSU Banks , Healthcare, Telecom, Internet Services, Chemicals, Transportation, and Capital Goods . Earnings were dragged by Oil & Gas (ex-OMCs), Private Banks, and Infrastructure A) It's difficult to talk about specific names. Any business with a cash-generating ability would be on the radar. Sustainable EPS growth and growing market share would be the criteria for selecting IPO companies from the lot.A) On a selective basis, I see it as a long-term opportunity. Sometimes, we have seen mainboard activity reduce, but SME IPOs have still gone have more bankers coming in to place SME IPOs, and this is a space that has grown tremendously, even though there is less liquidity and a much higher application a good issue, even for a smaller fund raise, there is enough and more liquidity to fill these IPOs.A) A lot is happening in India in the next 5–7 years. So many things are doubling, including GDP.I would keep an eye on 4–5 sectors:– India's AI market is projected to grow at a CAGR of 25–35%. It's expected to raise India's annual growth rate by 1.3% and add a trillion dollars to the economy in the next 10 defense budget is USD 75 billion, ranked 4th highest globally. We have a target of USD 6 billion in exports and USD 35 billion in production in the next 5 years. Digital Economy – In the next 5 years, India's DE is projected to contribute nearly one-fifth or 20% of the country's overall economy. DE industries have grown at 17% vs the economy's 12% growth rate—outpacing traditional and chips—not from potatoes but from silicon. The semiconductor market is expected to double to USD 100 billion in the next 5 is targeting 500–600 GW of RE in the next 5–7 years. Green hydrogen is something to keep an eye on. India is targeting 5 million tonnes per year in the next 5 years.A) In the recent conflict between India and Pakistan, assets and weapons used by the armed forces were mostly made indigenously with limited foreign have delivered the desired outcomes and successfully demonstrated capabilities at par with global defense products, proven capabilities of the equipment are a major deciding factor while acquiring the assets. Following the conflict, Indian defense equipment is now in high demand, and enquiries have also increased from various recent rally in the defense sector was backed by expectations of new defense orders under emergency procurement. The development of new-age weapons is also expected to see strong growth over the next 1–3 government is expected to announce the process to fast-track the acquisition programme. In the longer term, the modernisation programme will pick up year's defense budget may see an increase in the allocation of funds towards modernisation, acquisition of assets, IAF fleet strength, etc.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
