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NEWS
Markets near all-time highs – Sensex zooms 1300 points, Nifty up 1.5% for week
Sat, Jul 27, 2024     Source : Financial Express
The India VIX cooled down on Friday by 3.01% to 12.24, indicating a lower volatility in the markets ahead.
NEWS
Rs 1.9 trillion share sales via IPOs over six years in LTCG tax crosshairs
Sat, Jul 27, 2024     Source : Business Standard
Due to ambiguity over the applicability of LTCG-which was reintroduced in 2018-several promoters and private equity (PE) firms have refrained from tax payments
NEWS
Rupee recovers from record low, lifted by firm domestic markets, expectations of fresh foreign inflows
Sat, Jul 27, 2024     Source : Business Line
Rupee rises 6 paise to close at 83.72 against US dollar
NEWS
Retail options turnover now almost equals cash segment
Sat, Jul 27, 2024     Source : Business Standard
In FY19, it was less than 10 per cent of the cash segment
NEWS
Capital gains tax rationalisation was industry's demand, says Revenue Secy
Sat, Jul 27, 2024     Source : Economic Times
Revenue secretary Sanjay Malhotra Friday defended the government's decision to rationalise the capital gains tax regime saying that the industry itself had demanded rationalisation of rates.
NEWS
Budget confirms new govt's commitment to reducing fiscal deficit: Fitch
Sat, Jul 27, 2024     Source : Economic Times
Fitch Ratings on Friday said India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit for FY25 and FY26, despite demands of the coalition governmen...
NEWS
Modi to seek Centre-state ties for $30 trillion economy by 2047
Sat, Jul 27, 2024     Source : Financial Express
The Council aims to create a roadmap for this vision, fostering teamwork between the Centre and the states as ‘Team India’.
NEWS
Excluding food from RBI's inflation framework may not have many takers
Sat, Jul 27, 2024     Source : Business Standard
Headline numbers best communicated to common man; Govt needs to step up supply management
NEWS
DLF plans to launch Rs 1.04 trn worth real estate projects in medium term
Sat, Jul 27, 2024     Source : Business Standard
Giving the break-up, the company said a 12.8 million square feet area will be launched for sales this fiscal with a revenue potential of Rs 42,000 crore
NEWS
US inflation rises moderately in June
Sat, Jul 27, 2024     Source : Economic Times
Uprices rose moderately in June, underscoring an improving inflation environment that potentially positions the Federal Reserve to begin cutting interest rates in September.
NEWS
Digital payments rise 12.6% at March-end 2024: RBI data
Sat, Jul 27, 2024     Source : Economic Times
Digital payments across the country registered a 12.6 per cent on-year rise as on March 31, 2024, according to RBI's index that measures the adoption of online transactions.
NEWS
Budget 2024: PMS firms rethink strategy after increase in STCG tax
Fri, Jul 26, 2024     Source : Business Standard
Churn in holdings will attract higher tax; no-pass through advantage like MFs, AIFs
NEWS
Retail investor acts as buffer to FII selling post budget
Fri, Jul 26, 2024     Source : Mint
This is being reflected by a decline in the fear gauge India VIX to a three-month low on Wednesday after wild intraday swings.
NEWS
Budget 2024: CBDT chairman says Income Tax Act review aims to make ‘thick and bulky’ law ‘simpler’ for taxpayers
Fri, Jul 26, 2024     Source : Mint
Budget 2024: The Income Tax Act has seen ‘redundancies’ over a period of time making it ‘thick and bulky’, says CBDT chairman Ravi Agrawal.
NEWS
Promoters, PEs to pay retro tax on OFS gains
Fri, Jul 26, 2024     Source : Financial Express
Budget clarifies on LTCG payable for such sales
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