SPIRIT OF MUMBAI

“The Budget clearly signals continuity of intent on infrastructure and logistics, even if headline capex has not increased sharply. By reiterating the importance of infrastructure, logistics and river-linked transport, it strengthens India’s ability to move goods efficiently and connect manufacturers to coastal and international markets. Over time, this should help ease bottlenecks, lower logistics costs and expand market access for Indian industry.   I am also encouraged by the emphasis on MSMEs and emerging indigenous sectors such as biopharma and food processing. India is a large food producer with the capacity to meet domestic demand while also serving global markets. With the right policy support, this focus can translate into stronger rural incomes and more resilient MSMEs.   On the funding side, while NBFCs already access international markets through bonds and syndicated loans, monetary transmission in India has traditionally been gradual. Rate cuts may not translate i...

“A growth-focused, simplification-heavy budget with strong welfare and infra underpinnings The 2026-27 Union Budget, delivered from Kartavya Bhavan under the guiding principles of the three Kartavyas, delivers a robust, reform-oriented roadmap for Viksit Bharat. It sustains high capex momentum (up to ₹12.2 lakh crore), accelerates manufacturing in frontier sectors (e.g., ISM 2.0 with ₹40,000 crore, BioPharma Shakti at ₹10,000 crore), rejuvenates legacy clusters, champions MSMEs through equity funds and liquidity tweaks, and pushes infrastructure with high-speed rail corridors, waterways, and city economic regions. Specifically for general insurance industry, the compassionate exemption of TDS (and full tax) on Motor Accident Claims Tribunal interest awards stands out as a victim-friendly relief, ensuring faster, untaxed access to compensation for those in distress— a thoughtful step toward ease of living.   A particularly positive move for investors and corporates is the revised ta...

“Budget 2026 sends a clear signal of policy continuity and scale in India’s infrastructure revolution. The Union Budget has taken several measures to expand the infrastructure network and development across the country. The Finance Minister has proposed to raise the capital expenditure target to Rs 12.2 lakh crore for FY27 from Rs 11.2 lakh crore earmarked for the current fiscal. Investments in freight corridors, container manufacturing, urban transport and the announcements related to plans to develop seven high-speed rail corridors connecting key cities in the country will translate into sustained demand for high-quality structural steel. These will give a strong boost to promoting infrastructure development across the country. Also, the announcement related to an allocation of Rs 5,000 crore per City Economic Region (CER) over five years will provide momentum to expand / build new offices, warehouses and industrial parks in urban areas. Additionally, the tax incentives for global da...

Parijat Industries India Ltd New Delhi-based agrochemical company, Parijat Industries (India) has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The Company had filed its IPO papers with Sebi on September 25, 2025. The offer, with a face value of Rs 5, consists of a fresh issue up to Rs 160 crore and an offer-for-sale of 20,370,680 equity shares by promoter – Keshav Anand, Sharat Anand, Vikram Anand, Harshi Anand, Sanya Anand, Viraj Anand. Investors selling shares - Abhay Kumar Gupta and India Agri Business Fund II Limited. The proceeds from its fresh issuance worth Rs 121.6 crore will be utilized for repayment/pre-payment, in full or part of certain borrowings availed by the company including payment of accrued interest thereon, and general corporate purposes. CSM Technologies Ltd Bhubaneswar-based CSM Technologies Limited has received final approval from the capital markets regulator...

*Sanjay Mishra-Neena Gupta Redefine Swag in Their Latest ‘Killer’ Photoshoot Ahead of Vadh 2 Release!* After the Vadh 2 trailer earlier this week, the buzz around the film which is releasing in cinemas on 6th February has increased manifold and now, Sanjay Mishra and Neena Gupta have taken the excitement several notches higher with a stunning, retro-glam photoshoot that has the internet buzzing. Breaking away from their understated on-screen personas, the powerhouse duo has appeared in a never-seen-before avatar, serving killer looks with unapologetic swag and style. The striking visuals underline the film’s core theme, where elegance masks darkness, and secrets simmer beneath calm exteriors. The images were shared on social media by the actors with the caption, “Serving killer looks. Hiding killer secrets.” The trailer of Vadh 2 has already received overwhelming adulation from across the industry, with celebrities and filmmakers praising its gripping tone, powerful performances and at...

The Chamber of Tax Consultants Celebrates 100 Years with Landmark Summit Mumbai : The Chamber of Tax Consultants (CTC), a not-for-profit professional association committed to advancing the tax, accounting, legal and allied professions, successfully commemorated its centenary with The Shatabdi Summit: Centenary Conference. The landmark event that brought together the who’s who of industry and profession was a resounding testament to hundred years of service, scholarship, and leadership by the CTC. Industry leaders shared their insights on the rapidly transforming economic and regulatory landscape in the country. The conference was graced by Mr. Arijit Basu, Chairman Designate (Non-Executive) of IndusInd Bank, as the Chief Guest and Keynote Speaker. In his keynote address on “Resilient Finance and Responsible Growth in India’s Economic Journey: the Key Role of Professionals,” Mr. Basu spoke about the importance of ethical stewardship, institutional resilience, and long-term thinking in I...