Category: Business

Business

I-T notifies ‘Angel Tax’ rules for valuing investments in startups

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I-T notifies ‘Angel Tax’ rules for valuing investments in startups

Image for representation | Photo Credit: Getty Images The Income Tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors. As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the Central Board of Direct Taxes…

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Government rebuffs Moody’s Aadhaar views; says a billion Indians trust it

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Government rebuffs Moody’s Aadhaar views; says a billion Indians trust it

File photo show parents waiting in queues, with their children, for enrolment of their names at the Aadhaar Centre at Dwarakanagar in Visakhapatnam. File | Photo Credit: K.R. Deepak The Electronics and IT Ministry late on September 25 took on a report from Moody’s Investors Service that raised questions about the efficacy of Aadhaar and…

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JSW Infra eyes to double port capacity to over 300 MTPA in 7 to 10 years, says CEO

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JSW Infra eyes to double port capacity to over 300 MTPA in 7 to 10 years, says CEO

Currently the company has an installed capacity of 158.43 million tonnes per annum including 72 million tonnes per annum at various terminals  | Photo Credit: Getty Images JSW Infrastructure Ltd., the second largest commercial port operator from the Indian private sector, is expected to double its capacity in 7 to 10 years, its deputy managing director and…

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Business

Rupee falls 20 paise to close at 83.14 against U.S. dollar

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Rupee falls 20 paise to close at 83.14 against U.S. dollar

Image used for representational purpose only. | Photo Credit: Reuters The rupee declined by 20 paise to settle at 83.14 (provisional) against the U.S. dollar on September 25 due to rising crude oil prices and a strong American currency against major rivals overseas. Subdued equity markets and withdrawal of foreign funds also weighed on the…

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Stock markets end flat in highly volatile trade amid weak global markets trend

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Stock markets end flat in highly volatile trade amid weak global markets trend

A share broker reacts as Sensex & Nifty prices fluctuate. File | Photo Credit: ANI Benchmark indices Sensex and Nifty closed flat on September 25 in a highly volatile trade amid a weak trend in global markets and continuous foreign fund outflows. After gyrating 461.6 points during the day, the 30-share BSE Sensex eked out…

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Business

High Footfalls At The 12th Global Investment Immigration Summit In Mumbai Show Increasing Interest Among Indians In Migrating Abroad

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High Footfalls At The 12th Global Investment Immigration Summit In Mumbai Show Increasing Interest Among Indians In Migrating Abroad

Mumbai: The 12th Global Investment Immigration Summit held at the Sofitel, BKC Mumbai, witnessed a remarkable surge in attendees, signalling a growing interest among Indians in pursuing opportunities abroad. This assembly drew the participation of over 150 High Net Worth Individuals (HNIs) and industry professionals, underscoring the growing allure of global migration and investment among…

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Business

Rupee falls 16 paise to 83.10 against US dollar in early trade

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Rupee falls 16 paise to 83.10 against US dollar in early trade

Withdrawal of foreign funds from domestic equities and upward movement in crude oil prices also weighed on the Indian currency, forex traders said. | Photo Credit: Reuters The rupee depreciated by 16 paise to 83.10 against the US dollar in early trade on Monday, taking cues from subdued equity market sentiment and a firm American…

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Markets decline in early trade on weak global trends, foreign fund outflows

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Markets decline in early trade on weak global trends, foreign fund outflows

Equity benchmark indices declined in early trade on Monday September 25, 2023 ,amid a weak trend in global markets and continuous foreign fund outflows. The 30-share BSE Sensex fell 136.61 points to 65,872.54. The Nifty dipped 39.7 points to 19,634.55. Among the Sensex firms, Larsen & Toubro, Axis Bank, ITC, Infosys, Tata Consultancy Services, Reliance…

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Business

Burman family entities make open offer to acquire 26% stake in Religare Enterprises at ₹235 a share

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Burman family entities make open offer to acquire 26% stake in Religare Enterprises at ₹235 a share

Four entities belonging to the Dabur’s Burman family have made an open offer to the Public Shareholders of Religare Enterprises Ltd (REL) to acquire upto 26% of the Expanded Voting Share Capital of REL at ₹235 ler share. The company’s share on the BSE was trading at ₹264 a piece at 9.30 am.  The Open Offer…

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