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Buying a co-owner’s share in a jointly owned property can make capital gains tax calculations more complex when you sell the whole asset. The two shares may have different acquisition dates and costs, affecting how the gains are taxed. View More

The state exceeded employment and self-help group targets under the Twenty Point Programme but achieved barely a third of its rural housing and road goals in FY26 View More

Tata Trusts owns about 66% of Tata Sons, the holding company that oversees more than 30 businesses across the conglomerate. View More

Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, curbing states' powers to impose taxes and cess on mineral rights, with mining minister G Kishan Reddy citing the need for a uniform fiscal framework. RSP MP Premachandran N K opposed the move as unconstitutional, arguing land taxation is exclusively a state subject. View More

The Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026 Wednesday by voice vote. This bill proposes to put curbs on state governments’ powers to impose taxes, cess or other levies on mineral rights or mineral-bearing lands. Proposing amendments to the Mines and Minerals (Development and Regulation) Act, mines minister G Kishan Reddy said excessive fiscal burdens make mining operations commercially unviable, discourage mineral extraction, adversely affect mineral production and, in some cases, lead to mine closures. ET reported on January 1, 2025, that the Centre was planning to curb excessive mining taxes imposed by states. Also read: Critical minerals being prioritised in trade, investment engagements: Govt tells Parliament Opposing the amendment, Premachandran N K, Lok Sabha representative from Kollam (Kerala) said tax on land and buildings is exclusively jurisdiction of the state. “Through this amendment, government is putting restrictions on imposition of tax on mineral land, which is against the constitution,” he told ET, adding this cannot be done without amending the constitution. Live Events Revolutionary Socialist Party’s Premachandran was the only member of parliament who could raise his objections amid din in the house. The move to impose these restrictions follows a 2024 Supreme Court verdict allowing states to levy additional taxes on mining operations in their territories. The verdict was followed by fresh mining taxes in Karnataka, Jharkhand and Tamil Nadu. “This was a much needed step, which will give a required push to the domestic mining sector, bringing parity in mining taxes, cess and levies across states," according to mining policy expert and former director general of Federation of Indian Mineral Industries (FIMI) B K Bhatia. He also said the absence of such legislation had exposed the country’s mining sector, including PSUs, to an additional burden of more than Rs 1.5 lakh crore imposed by state governments. Also read: Coal India weighs acquiring Wealth Minerals unit with Chile lithium assets According to Reddy, any fiscal burden imposed on mineral extraction should be guided by a uniform and balanced fiscal framework across the country. “The cumulative incidence of different levies should not become disproportionate to the economic value and profitability of the mining operations,” he had said while introducing the bill in Lok Sabha. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

A Mumbai ITAT ruling has offered relief to a taxpayer who claimed ?37.16 lakh in property-related expenses during reassessment. The tribunal examined whether such claims could be allowed later and ultimately directed the tax department to delete the additions. View More

NDR InvIT Trust filed draft papers for a Rs 750 crore IPO to transition from private to public. The funds will support acquiring warehousing assets, aiming to strengthen and diversify its logistics portfolio across major Indian markets. View More

NDR InvIT Trust , a privately listed infrastructure investment trust sponsored by NDR Warehousing Private Limited , is proposing to convert from a privately listed InvIT to a public InvIT through an initial public offering ( IPO ) of units aggregating up to Rs 750 crore. The Offer comprises a fresh issue of up to Rs 450 crore and an offer for sale of up to Rs 300 crore by Investcorp India Warehousing IFSC Trust. The existing units of the Trust are listed on NSE. The units issued pursuant to this Offer are proposed to be listed on NSE and BSE. Also Read: CAS chaos: Retail traders call for boycott, declare 'No Trade Day' The Trust will not receive any proceeds from the Offer for Sale. "The Selling Unitholder will be entitled to the entirety of the proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and the relevant taxes thereon," said the Trust in the draft red herring prospectus ( DRHP ). Live Events The proceeds from the Fresh Issue will primarily be utilised towards the acquisition of 100% of NDR Advanced Storage Private Limited for up to Rs 297.6 crore and the acquisition of a 100% interest in NDR Storewell Warehousing LLP for up to Rs 84.2 crore, with the balance proposed for general purposes. The proposed acquisitions are expected to strengthen and diversify the Trust’s portfolio of income-generating warehousing assets and support its future growth. MUFG Intime India is the registrar for the issue, while ICICI Securities, Ambit, and Axis Capital are the book-running lead managers. About NDR InvIT Trust NDR InvIT Trust is an infrastructure investment trust registered with SEBI and sponsored by NDR Warehousing Private Limited. The Trust owns and operates a diversified portfolio of warehousing and industrial assets across key logistics markets in India. As of June 30, 2026, the Trust manages a total leasable area of 22.97 million sq. ft., of which 21.58 million sq. ft. is currently developed. Its portfolio is spread across key warehousing markets, including Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, NCR Delhi, and Pune, which together account for approximately 80% of India’s organised warehousing stock, according to the JLL Report. The Trust's revenue from operations in FY26 stood at Rs 420.23 crore, against Rs 324.11 crore reported in FY25. Its profit for FY26 came at Rs 113.44 crore, against Rs 136.73 crore in FY25, according to the DRHP. On the flipside, the company's total expenses rose to Rs 265.28 crore in FY26 from Rs 169.36 crore in FY25. Meanwhile, the total comprehensive income attributable to unitholders of NDR InvIT Trust came at Rs 114.95 crore in FY26, against Rs 135.62 crore reported in FY25. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Tata Sons Chairman Natarajan Chandrasekaran announced his resignation after nearly ten years in leadership. A long-time Tata executive, he became Chairman in 2017 after Ratan Tata and played a key role in the company’s growth. View More

The Rs 251.88-crore Technocraft Ventures IPO received strong investor interest, with its GMP rising to around 12.74% from 11% earlier, signalling expectations of a positive listing. Investors are likely to learn their allotment status today. View More

Investors who subscribed to the Technocraft Ventures IPO are likely to learn their allotment status today as the company finalises the basis of allotment for its Rs 251-crore public issue. Applicants can check their allotment status online through the registrar’s portal or the NSE website. Meanwhile, the IPO’s grey market premium (GMP) stands at around 12.74%, signalling positive expectations ahead of its stock market debut. The Rs 251.88-crore Technocraft Ventures IPO received a robust response from investors, while its GMP has risen to 12.74% from around 11% earlier. By the close of the subscription period, Technocraft Ventures IPO was subscribed 38.69 times, garnering bids for 32.17 crore shares against the 83.17 lakh shares on offer, according to NSE data. Also Read | Technocraft Ventures IPO Day 3: Issue subscribed over 30x, GMP rises 14% premium — Should you subscribe? Live Events The retail portion was subscribed 25.35 times, against 41.58 lakh shares reserved for retail investors. The Qualified Institutional Buyers(QIBs) portion was subscribed 42.26 times against 23.76 lakh shares offered whereas the non institutional investors portion was subscribed 65.06 times against 17.82 lakh shares reserved. Adding to the optimism, a market analyst has given the IPO a “Subscribe – Long Term” rating, citing its potential for investors with a longer investment horizon. How to check allotment status of LEAP India IPO Investors can check their allotment status using the following methods: 1. Registrar’s Website Visit Bigshare Services Pvt.Ltd IPO Allotment page (https://www.bigshareonline.com/ipo_allotment.html)Select Technocraft Ventures IPO from the drop-down menu.Enter your PAN, application number, or DP/Client ID to view allotment details. 2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids) Go to NSE IPO Allotment pageSelect Equity & SME IPO bid detailsChoose Technocraft Ventures IPOEnter your application number and PAN. Technocraft Ventures IPO subscription status The IPO continued to attract strong investor interest on Day 2, with the issue subscribed 4.73 times against the 83.17 lakh shares on offer. The retail segment also witnessed robust demand, with its portion subscribed 4.12 times against the 41.58 lakh shares reserved for retail investors. The issue comprises a fresh issue of 95 lakh shares worth Rs 201.51 crore, along with an offer for sale (OFS) of 24 lakh shares valued at Rs 50.37 crore. Technocraft Ventures has fixed the IPO price band at Rs 200-Rs 212 per share, with a lot size of 70 shares. At the upper end of the price band, retail investors will need a minimum investment of Rs 14,840 to apply for one lot. The share allotment is expected to be finalised on August 12, while the company is tentatively scheduled to make its debut on both the NSE and BSE on August 14. Khambatta Securities is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. is the registrar. Technocraft Ventures IPO: Where will the funds be used? The company plans to primarily utilise the IPO proceeds to strengthen its working capital position. Around Rs 150 crore has been earmarked for meeting working capital requirements, which will help support business expansion, improve operational efficiency, and provide additional financial flexibility. Any remaining funds from the issue will be deployed toward general corporate purposes. Also Read | Technocraft Ventures IPO Day 2: Issue subscribed 3.51x, GMP signals 12% premium — Should you subscribe? About Technocraft Ventures Established in October 1998, Technocraft Ventures Ltd. is an infrastructure development company engaged in turnkey Engineering, Procurement, and Construction (EPC) projects. The company executes infrastructure projects largely for state governments and government agencies across northern India, including Uttar Pradesh, Uttarakhand, Rajasthan, and the National Capital Territory of Delhi. Its services cover a wide range of areas: Water & Wastewater Infrastructure, Roads & Highways, Urban Infrastructure, Urban Infrastructure, and Trenchless & Micro-Tunnelling Works. The company has executed projects under schemes including AMRUT, JNNURM, UIDSST, Namami Gange, JJM, and PMGSY. The company has experience implementing ADB-funded infrastructure projects with rigorous technical and environmental standards. As of May 31, 2026, Technocraft Ventures employed 170 full-time staff, including 78 engineers, across functions such as engineering, procurement, finance, safety, business development, and administration. Strong financial performance Technocraft Ventures reported healthy growth in FY26, with total income rising 23% year-on-year to Rs 347 crore from Rs 281 crore in FY25. Profitability also improved significantly; profit after tax (PAT) jumped 54% to Rs 43.32 crore in FY26, compared with Rs 28.20 crore in the previous fiscal year, highlighting stronger operational performance. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Dhoot Transmission IPO saw 74 times oversubscription on the final day of bidding, with the issue seeing strong investor interest and a grey market premium of around 29%. Analysts remain positive, with Anand Rathi recommending a long-term subscription and Ventura assigning a Subscribe rating, citing the company’s EV focus, premiumisation strategy and strong customer base. View More

The Rs 3,066.89-crore Dhoot Transmission IPO was oversubscribed 74 times on the final day of bidding on Wednesday, according to IPO data on the NSE. The issue is also commanding a 29.30% premium in the grey market over its upper price band, indicating the possibility of a strong listing gain. Dhoot Transmission IPO details Dhoot Transmission has fixed the IPO price band at Rs 829-871 per share. The issue comprises a fresh issue of 1.61 crore equity shares worth Rs 1,400 crore and an Offer for Sale (OFS) of 1.91 crore shares aggregating Rs 1,666.89 crore. Under the OFS, BC Asia Investments XV Ltd. will sell shares worth nearly Rs 1,395 crore, while Mangalam Capital Pvt. Ltd. will offload shares valued at around Rs 272 crore. The IPO has a lot size of 17 shares at the upper end of the price band, putting the minimum investment for retail investors at Rs 14,807 for one lot. Live Events Also read: Horizon Industrial Parks sets IPO price band at Rs 57-60 for Rs 2,600 crore issue. Check key dates The basis of allotment is expected to be finalised on August 13, while the shares are tentatively scheduled to list on the NSE and BSE on August 17, 2026. Axis Capital Ltd. is the book-running lead manager to the issue, while Kfin Technologies Ltd. is the registrar. Dhoot Transmission IPO subscription details Dhoot Transmission IPO was oversubscribed 74.21 times overall on the final day of bidding, with investors placing bids for 185.19 crore shares against the 2.49 crore shares on offer, according to NSE data. The demand was led by Qualified Institutional Buyers (QIBs), whose portion was oversubscribed 212.92 times against the 68.99 lakh shares reserved for the segment. The Non-Institutional Investors (NIIs) segment followed, with the category overbooked 51.93 times against the 53.92 lakh shares on offer. Retail Individual Investors (RIIs) oversubscribed 8.12 times, with 1.25 crore shares available for subscription. Dhoot Transmission IPO GMP today The Dhoot Transmission IPO is commanding a grey market premium of around Rs 255, indicating a potential 30% premium over the upper end of the IPO price band. At the current GMP, the stock could potentially list at around Rs 1,126 per share, compared with the IPO's upper price of Rs 871. However, the grey market premium is an unofficial indicator and can change significantly before listing. It should not be treated as a guarantee of the actual listing price or the stock's performance after listing. Read more: Can Shiprocket IPO deliver long-term growth for high-risk investors? Dhoot Transmission IPO proceeds A large part of the net IPO proceeds, around Rs 464.80 crore, will go towards repaying or prepaying certain outstanding borrowings. The company will also infuse nearly Rs 301.77 crore into subsidiaries to help them reduce their debt. Another Rs 150 crore has been earmarked for setting up new wiring harness manufacturing facilities. The remaining proceeds will be used to pursue inorganic growth opportunities through acquisitions and for general corporate purposes. Dhoot Transmission IPO analysts' view AnandRathi Research has assigned a "Subscribe for Long Term" rating to the Dhoot Transmission IPO. Based on annualised FY26 earnings, the company is seeking a P/E multiple of 44.9x, with a post-issue market capitalisation of approximately Rs 1,78,161 million. While the brokerage considers the valuation fairly priced, it has flagged high customer concentration and execution risks linked to expansion projects as key concerns. Ventura Securities has also recommended investors "Subscribe" to the issue. The brokerage highlighted Dhoot Transmission's strong FY26 performance, growing contribution from EVs and its strategic focus on premiumisation and electrification. Ventura said the company aims to increase content value per vehicle by expanding into areas such as battery packs and advanced driver assistance systems (ADAS), while also benefiting from increasingly stringent global emission standards. The brokerage also pointed to the company's marquee customer base and diversified business mix as key strengths. Under Managing Director Rahul Radhavallabh Dhoot, who has more than 27 years of industry experience, the company is looking to strengthen its position in automotive E&E solutions and expand its growth opportunities. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

The Rs 2,480-crore LEAP India IPO is likely to see allotment today after receiving strong investor demand, with the issue subscribed 8.38 times. QIBs led the bidding with 16.84x subscription, followed by NIIs at 12.64x and retail investors at 1.71x. Meanwhile, the IPO’s GMP signals an estimated 8.8% listing premium. View More

Investors who bid for the LEAP India IPO are likely to know their allotment status today as the Rs 2,480-crore issue moves towards finalisation of the basis of allotment. Applicants can check their status online via the registrar’s website or the NSE portal. Meanwhile, the IPO continues to command a strong buzz in the grey market, with its GMP currently indicating a premium of around 8.8%. The LEAP India IPO received a strong response on the final day of bidding on Tuesday as the issue was subscribed 8.38 times, with 11.49 crore shares on offer. The retail portion was subscribed 1.71 times, against 5.74 crore shares reserved for retail investors. The Qualified Institutional Buyers(QIBs) portion was subscribed 16.84 times against 3.28 crore shares offered whereas the non institutional investors portion was subscribed 12.64 times against 2.46 crore shares reserved. Also Read | LEAP India IPO subscribed over 8 times on strong QIB demand on day 3. Check GMP & key details The Rs 2,480-crore public offering attracted steady demand. The IPO’s GMP is currently around 8.18%, compared with approximately 10% earlier, based on the upper end of the price band. While the decline indicates some moderation in grey-market sentiment, the premium still signals a broadly positive outlook ahead of the listing. Live Events How to check allotment status of LEAP India IPO Investors can check their allotment status using the following methods: 1. Registrar’s Website Visit MUFG Intime India IPO Allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)Select LEAP India IPO from the drop-down menu.Enter your PAN, application number, or DP/Client ID to view allotment details. 2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids) Go to NSE IPO Allotment pageSelect Equity & SME IPO bid detailsChoose LEAP India IPOEnter your application number and PAN. Backed by global investment firm KKR, LEAP India is a prominent provider of asset-pooling and logistics infrastructure solutions. The IPO consists of a fresh issue of 3.02 crore equity shares aggregating Rs 480 crore and an offer for sale (OFS) of 12.58 crore shares worth approximately Rs 2,000 crore. The company had fixed the IPO price band at Rs 151 to Rs 159 per share. Under the OFS, KKR-backed Vertical Holdings II will sell shares worth nearly Rs 1,998.6 crore, while the remaining shares will be offloaded by promoter group entity KIA EBT Scheme 3. The LEAP India IPO opened for subscription on August 7, 2026, and closed on August 11, 2026. The company's shares are likely to be listed on the NSE and BSE on August 14, 2026 and share allotment is expected to be completed on August 12. For retail investors, the minimum lot size is 94 shares. At the upper price band of Rs 159 per share, retail investors were required to invest approximately Rs 14,946 to bid for one lot. JM Financial Ltd. is serving as the book-running lead manager for the IPO, while MUFG Intime India Pvt. Ltd. has been appointed as the registrar to the issue. LEAP India IPO GMP Today The grey market continues to signal a positive sentiment towards LEAP India shares ahead of their stock market debut. The latest GMP is around Rs 13 per share, translating into a premium of nearly 8.18% over the IPO's upper price band of Rs 159. Based on the prevailing GMP, the estimated listing price is around Rs 172 per share, indicating a potential premium over the issue price. Also Read | LEAP India IPO Day 2: Check GMP, subscription status, issue details; Should you subscribe? LEAP India IPO proceeds The company plans to utilise the IPO proceeds primarily to strengthen its financial position and support future expansion. Approximately Rs 360 crore of the net proceeds will be used to repay or prepay certain outstanding borrowings. The remaining funds will be allocated towards general corporate purposes, enabling LEAP India to enhance operational capabilities and pursue strategic growth opportunities. Founded in 2013, LEAP India Ltd. operates in the sustainable supply chain and logistics infrastructure space, providing asset-pooling and reusable packaging solutions to businesses across multiple industries. LEAP India financial performance LEAP India reported strong financial growth in FY2026, driven by increasing demand for sustainable supply chain and logistics solutions. For the financial year ended March 31, 2026, the company's total income rose to Rs 747.36 crore from Rs 485.03 crore in FY2025, registering a 54% year-on-year increase. The company also witnessed a significant improvement in profitability, with Profit After Tax (PAT) climbing to Rs 62.34 crore in FY2026, compared with Rs 37.56 crore in the previous financial year. This represents a 66% year-on-year growth. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)