As foreign institutional investors (FIIs) continue their massive selloff of Indian equities—offloading $15 billion this year—calls for a revision in India’s capital gains tax regime are growing louder. In an interview with CNBC-TV18, Sunil Badala, Head of Tax at KPMG
It takes years to build trust, but just seconds to break it. No one knows this better than IndusInd Bank Ltd’s investors as they see the bank’s stock crumble amid back-to-back negative developments. On Monday, after market hours, the private
India has extended duty-free imports of urad for another year until March 31, 2026, according to a government notification. The provision was earlier in place until the end of March this year. Myanmar is the main exporting country of urad
Benchmark stock indices Sensex and Nifty closed lower in a volatile session on Monday dragged by selling in industrials and oil & gas shares. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex declined 217.41 points or 0.29 per cent to settle
Union minister Nitin Gadkari on Monday asked the industry not to perennially demand a reduction in taxes as the government needs funds to implement welfare schemes for the poor. Photograph: Mohd Zakir/ANI Photo Addressing an event, the road transport and
Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its ‘Ratings Watch Negative’ list, the first upgrade by an international ratings agency since the US indictment. Photograph: Dado Ruvic/Reuters Fitch affirmed AESL long-term foreign and local-currency
The government has reiterated its stance against unregulated offshore margin trading platforms, warning Indian investors about the potential risks of dealing with foreign forex, commodities, and crypto/virtual digital asset (VDA) platforms that operate outside Indian regulations. “The Reserve Bank of
Stock market today: Shares of small-cap stock, GRM Overseas, engaged in milling, processing and marketing branded and non-branded basmati rice, surged over 8% in trade on Monday, March 10, defying the weak stock market trend. The gains came after the
The underrepresentation of women in the field of artificial intelligence (AI) poses a significant risk of perpetuating the prevailing societal biases into future technologies, according to a top Microsoft executive. Himani Agrawal, chief partner officer, Microsoft India and South Asia,
Foreign investors continue to pull back money from the Indian equity market, withdrawing Rs 24,753 crore (about $2.8 billion) in the first week of March amid escalating global trade tensions and lacklustre corporate earnings. This came following an outflow of
