Zomato stock: Zomato, Swiggy, other new-age company stocks vault after FM’s income tax relief

February 3, 2025

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Zomato and Swiggy stocks jumped up to 10% following Finance Minister Nirmala Sitharaman‘s announcement in the 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 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…

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Zomato stock: Zomato, Swiggy, other new-age company stocks vault after FM’s income tax relief

February 3, 2025

, By admin

Zomato and Swiggy stocks jumped up to 10% following Finance Minister Nirmala Sitharaman‘s announcement in the 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 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…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

OpenAI launches ‘Deep Research’: Here’s what it does and how to try it

Next News

Sops, DeepSeek drive local firms to work on foundation AI models

Hi! This is Admin.

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