MUMBAI: Sensex rose for the fifth consecutive session on Wednesday, resulting in the benchmark index gaining 4,055 points or 5.5% during this stretch. FPIs have played a key role in this run, having turned net buyers.After a muted start to the session, the index reversed course as the US mid-term election results began pointing to…
MUMBAI: With chances of a diplomatic resolution to the US-Iran conflict rising after the Democratic sweep of the mid-term elections, oil prices dipped on Wednesday. In evening trades, Brent crude was down 2.8% at just above the psychologically important $100 level, down from $117 level last week. Falling crude prices also had a positive impact…
NEW DELHI: Industry body Ficci has sought restoration of long-term capital gains tax (LTCG) exemption on listed securities, while “appropriately” raising the securities transaction tax (STT) on delivery-based transactions to protect govt revenue.During a pre-budget meeting with revenue secretary Arvind Shrivastava on Wednesday, the industry lobby group also suggested that the regime should be maintained…
NEW DELHI: The Centre is on course to monetise land worth Rs 15,000 crore belonging to central public sector enterprises (CPSEs) during the current financial year through National Land Monetisation Corporation (NLMC), with transactions amounting to Rs 9,000 crore already finalised so far this year, an official told TOI.The land monetisation pipeline for this year…
American voters have handed control of the US Congress to the opposition Democratic Party. US President Donald Trump has suffered a major blow in midterm elections with Republicans losing control of both the House of Representatives and the Senate.In a significant rebuke to Trump, American voters on Tuesday handed control of the US Congress to…
The overall basket of nuts and dry fruits has become 25-40% more expensive year-on-year. Your dry fruits box this Diwali may look very different! With the cost of dry fruits going up, retailers are looking at alternatives to fill in the boxes this time.For example, pistachios are becoming increasingly scarce in Diwali gift hampers this…
FPIs pump in close to `10K cr, cooling oil, yields add glitter MUMBAI: For the second consecutive session on Tuesday, sensex notched up over a 1,000-point gain as relatively softer crude oil prices, strong foreign fund buying, softening yields in the US and a strengthening rupee helped investor sentiment on Dalal Street. After opening on…
To focus on boosting revenue, reducing cost & regain market share: GebremariamNEW DELHI: Having “punched below its weight” for too long, Air India is now considering a fresh order for more wide body aircraft to “regain market share from competition ” as that “business belongs to AI”.While the “short-term” poses multiple “challenges”, the “long term…
MUMBAI: The banking industry is working on a coordinated response to rising cybersecurity risks, with banks looking to establish a structured mechanism for sharing information on cyber incidents and an industry-level sandbox to test frontier artificial intelligence (AI) models in a regulated environment.State Bank of India chairman CS Setty said Indian Banks’ Association (IBA) was…
While the tax system uses various section numbers, almost every notice a taxpayer receives falls into one of five common categories. By Archit GuptaEvery ITR filing season, when an email from the Income Tax Department lands in someone’s inbox, the immediate reaction is panic. People instinctively view a tax notice as a challenge to their…
