‘The original provision will be restored. AMT is meant only for those claiming deductions, not for firms earning regular income like capital gains,’ a senior government official said. Illustration: Dominic Xavier/Rediff The government is likely to fix a key omission
Adani Group chairman Gautam Adani and his family members on Saturday attended the Rath Yatra in Puri and offered prayers. IMAGE: Gautam Adani with wife Priti and son Karan seek blessings during the annual Rath Yatra of Lord Jagannath and
Foodlink F&B Holdings (India), a catering and food retail chain company, has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issue of equity shares
Some of the world’s biggest money managers are wary of chasing the stock rally further in the second half of 2025, bracing for more volatility. Markets are wrapping up a wild six months that saw the S&P 500 plunge 19%
India’s macroeconomic health is in a “relative goldilocks situation”, and although the risk of higher landed oil prices, due to insurance cost surges and closure of choke points due to the brief Israel-Iran war, has receded, it is “too soon
Private sector ICICI Bank on Friday said its board has approved additional 2 per cent increase stake in its asset management arm ICICI Prudential Asset Management Company. Photograph: Francis Mascarenhas/Reuters The board of the bank on Friday approved purchase of
India’s forex reserves dropped by $1.01 billion to $697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the reserves had jumped by $2.29 billion to
India posted a current account surplus of $13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with $4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according
US Stock Market LIVE Updates: The S&P 500 reached a new record on Friday (June 27), marking a sharp reversal for US stocks this year as they pushed past trade tensions and geopolitical uncertainty. The index rose 0.3% to close
US markets on Friday hit an all-time high as stocks completed a comeback from the shock they had gone into after Donald Trump’s tariffs. The S&P Index opened 0.2 per cent higher at 6,158.48, topping the its previous all-time high
