ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/zomato-ltd/stocks/companyid-57948.cms”>Zomato and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/tech/swiggy”>Swiggy stocks jumped up to 10% following Finance Minister ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/news/nirmala-sitharaman”>Nirmala Sitharaman‘s announcement in the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/news/newsblogs/budget-2025-live-updates-union-budget-finance-minister-nirmala-sitharaman-speech-live-key-announcements-customs-duty-tax-takeaways-1-feb-budget-impacts-latest-news/liveblog/117807015.cms”>Union Budget 2025 that individuals earning up to Rs 12 lakh annually will be exempt from income tax.
The tax relief is expected to increase disposable incomes, boosting consumption.
Other new-age startups serving India’s middle class, such as ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/tech/nykaa”>Nykaa, and Ola Electric, experienced a surge in their stock prices.
This increase is attributed to the finance minister’s revision of income tax slabs and the announcement of a new ₹10,000 crore fund of…
