Stocks of brokerages and market infrastructure institutions (MIIs) witnessed selling pressure after the Securities and Exchange Board of India’s (Sebi’s) crackdown on proprietary trading firm Jane Street. Photograph: Shailesh Andrade/Reuters The weakness was attributed to concerns that debarment of the
In an event-heavy week, stock investors will track quarterly earnings of several bluechip firms, the likely outcome of ongoing India-US trade talks, and inflation data for market cues, analysts said on Sunday. Illustration: Dominic Xavier/Rediff Moreover, global market trends and
Taxpayers required to file ITR-2 or ITR-3 can now download the Excel utilities from the I-T department’s e-filing portal, fill in their details offline. Source link
Mumbai-based pharma major Wockhardt, which is gearing up to launch its promising antibiotic candidate Zaynich soon, on Friday announced a shift in its United States (US) operations. IMAGE: Habil Khorakiwala, founder-chairman of Wockhardt, poses for a picture at the company’s
The Delhi high court on Friday stayed a Rs 1,140 crore angel tax demand raised by the Income Tax department from hospitality and hotel aggregator Oyo’s parent company Oravel Stays Private Limited for the assessment year 2020-21. Photograph: Anushree Fadnavis/Reuters
India’s net direct tax collections contracted 1.3 per cent to about Rs 5.63 trillion as of July 10, with corporate taxes dropping 3.7 per cent and non-corporate taxes recording a fractional 0.04 per cent contraction, Income Tax department data released
‘This will be our first large-size bank partner, and hence, the partnership will be a game-changer for us.’ IMAGE: Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Tumisu/Pixabay.com As the Central Bank of India
India’s forex reserves dropped by $3.05 billion to $699.74 billion in the week ended July 4, the RBI said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the overall reserves had jumped by $4.85 billion to $702.78 billion.
Key benchmark indices Sensex and Nifty declined for the third session in a row on Friday, dropping nearly 1 per cent, dragged by heavy selling in IT, auto and energy stocks. Photograoh: Danish Siddiqui/Reuters Tariff-related uncertainties amid mixed global market
The cumulative amount that companies filing their DRHPs this year are looking to raise is Rs 1.6 trillion, compared to Rs 1 trillion during H12024.. The filing of draft red herring prospectuses (DRHPs) picked up pace during the first half
