Taxing FIIs on their gains, who face forex risks, and have no tax set-off available in their home country is a big mistake that the government is making, said Sami Arora at BS Manthan.
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Finance Minister Nirmala Sitharaman speaks to Business Standard's AK Bhattacharya, at BS Manthan 2025 on India's role in global order reset.
Sunil Vachani, co-founder and executive chairman, Dixon Technologies spoke on the need to deepen local production and value addition at BS Manthan
BS Manthan is a two-day summit where international experts and the best minds of India will discuss key economic and business policy options
Stock Market Today: At 6:50 AM, GIFT Nifty Futures were down 148 points at 22,536, hinting at a gap-down start
"With disruptive technologies coming in," startups and SMEs are needed to contribute to innovation in defence. They have more flexibility than large public companies," said Kamat
Laveesh Bhandari, CSEP President, said that he is not bothered about economic growth going up or coming down a bit but about medium- to long-term growth
Mishra said recent years of turmoil have also changed the nature of framing of policies from factoring in risks, where one can make an assessment of outcomes, to uncertainty where it is not possible
He further added that the regulatory body is not passing disciplinary orders in abundance and is instead focussing on inspections
For businesses to grow and companies to compete, we need to ensure we do not increase compliance burden, says Ajay Bhushan Pandey, chairperson of the National Financial Reporting Authority
Experts discuss India's growth, global trade shifts, climate action, EVs, defence, and more
At BS Manthan, experts stress that private sector investment is key to making India's defence industry self-reliant, competitive, and globally influential
India's economy is growing, but seizing its full potential means spurring corporate investment, tackling judicial delays and ensuring inclusive growth, said panelists on the first day of BS Manthan
Business Standard Manthan updates: Catch all the latest developments from the summit here
Stock Market Highlights: The Nifty moved in a narrow band of 100-odd points before settling marginally in red at 22,545. Bajaj twins and Shriram Finance gained, while UltraTech plunged 5% on Thursday.
BS Manthan: PK Mishra, principal secretary to the Prime Minister of India, believes the country must adopt an 'anti-fragile' approach in an uncertain world
Speaking at BS Manthan, Wood said he remains structurally bullish on Indian equities from a long-term perspective; but cautious in the short-term given the quantum of FII outflows and valuation woes.