Markets
Index | Close | Change | % Change |
|---|---|---|---|
Sensex | 83,013.96 | +320.25 | +0.39% |
Nifty 50 | 25,423.60 | +93.35 | +0.37% |
Bank Nifty | 55,727 | +234 | +0.42% |
Quick Bites: 5 Things to Know:
📱 Apple's new "Made in India" iPhone 17 is set to begin manufacturing in their Chennai plant, marking its fastest-ever production timeline outside of China.
🚗 Ola Electric announced it will be expanding its service centers to 50 new tier-3 cities, signaling a major push into India's heartland.
🏦 The RBI has issued a warning about the risks associated with new, unregulated "fin-fluencers" offering financial advice on Instagram and YouTube.
✈️ Air India just placed a record order for 20 new Airbus A350s, a huge bet on the future of long-haul international travel from India.
☀️ Reliance Industries revealed plans to build a massive new solar panel manufacturing gigafactory in Gujarat
Today's Term: Angel Tax
What it sounds like: A tax you pay to your guardian angel.
What it actually is: Imagine you have a small chai stall (your startup). A rich friend (the "angel" investor) loves your chai and gives you ₹10 Lakhs for a stake, even though your stall is officially valued at only ₹1 Lakh. The government gets suspicious of that extra ₹9 Lakhs and taxes your startup on it as "income." That's the Angel Tax in a nutshell—a tax on the premium an investor pays for your startup's potential.