‘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
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
Notably, four portfolio companies– Agnikul, ePlane, CynLr, and GalaxEye — of deep-tech investor Speciale Invest have made it to the list. Kindly note this illustration generated using Microsoft Copilot is only posted for representational purposes. Ten Indian startups working on
Herman Jansen continues to see India as a strategically-important emerging market despite selling the global rights for Maison House and Savoy Club brands from UTO Asia to Allied Blenders and Distillers (ABD). Photograph: Kind courtesy, Herman Jansen Herman will focus
Several benches of the Bombay high court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan’s plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical
Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. Illustration: Uttam Ghosh/Rediff
