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The Bombay Stock Exchange. | Photo Credit: NIHARIKA KULKARNI Benchmark BSE Sensex declined in a volatile trade on Thursday, reversing the two-day rally, largely due to selling in IT stocks. The 30-share BSE Sensex declined 64.66 points or 0.10 per cent to close at 66,408.39 points, with 14 of its constituents settling lower and 16…
The rupee paused its two days of gains and settled 6 paise lower at 83.24 against the U.S. dollar | Photo Credit: SUDERSHAN V The rupee paused its two days of gains and settled 6 paise lower at 83.24 (provisional) against the U.S. dollar on Thursday as rising crude oil prices dented the investor sentiment….
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Ashok Bhushan. File | Photo Credit: PTI Effective cooperation among the BRICS nations in striking the right balance between promoting sustainability and competition is pertinent to deal with complex challenges, National Company Law Appellate Tribunal (NCLAT) chairperson Ashok Bhushan said on October 12. Emphasising the importance of having free and fair competition in the market…
Read More “NCLAT chairperson calls for developing robust mechanism to regulate digital markets” »
Indian tax authorities have demanded approximately $150 million from Dream11 for alleged underpayment of taxes during the years 2017-2019. | Photo Credit: Varun Krishan The Story So Far: On September 12, tax authorities issued notices giving Dream11 30 days to explain why it should not be required to pay a shortfall of 2.1 billion rupees…
Read More “Why Dream11 filed a suit challenging India’s tax demands? | Explained” »
Representational image only. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty erased early gains to trade lower on October 12 as IT shares declined after TCS stated that headwinds continue for the sector amid a sluggish economic climate. The 30-share Sensex opened higher and rose further by 104 points to hit a high…
Read More “Sensex, Nifty surrender early gains as IT shares fall on TCS commentary” »
Image used for representation purpose only. | Photo Credit: Reuters The rupee stayed on the upward track for the third day in a row, appreciating by 4 paise to 83.14 against the US dollar in early trade on October 12 amid easing crude oil prices and a weak American currency. Subdued sentiments in the domestic…
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File picture of the Microsoft logo on one of its offices | Photo Credit: AP Microsoft said on Wednesday the U.S. Internal Revenue Service (IRS) in September notified the company that it is seeking an additional tax payment of $28.9 billion, plus penalties and interest for tax years from 2004 to 2013. Microsoft said the…
Read More “Microsoft says U.S. has asked for $28.9 billion in audit dispute” »
Non-residents and foreign companies opening bank accounts in IFSC Gift City will not have to furnish PAN and can instead file a declaration. The non-resident or the foreign company opening a bank account at the International Financial Services Centres (IFSC) will have to file a declaration in Form 60 and should not have any tax…
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The Union Cabinet on Wednesday approved the country’s three separate memorandum of understandings with Papua New Guinea, France, Trinidad and Tobago in the field of digital technologies. The MoU (memorandum of understanding) with France intends to promote closer cooperation and exchange of information pertaining to digital technologies, and will mutually support each participant’s goal to…
Union Minister Anurag Singh Thakur briefs the media on cabinet decisions at National Media Centre, New Delhi on Wednesday. | Photo Credit: Sushil Kumar Verma The Centre on Wednesday said it has approved royalty rates of 3% each for lithium and niobium and 1% for Rare Earth Elements (REEs). The decision on the royalty rates…
Read More “Cabinet approves royalty rates for lithium, two other strategic minerals” »