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President Droupadi Murmu has given her assent to the Income-tax Act, 2025, which will replace the archaic Income Tax Act, 1961. The Income Tax Act, 2025, will come into effect from the next financial year, beginning April 1, 2026. The new Act will make tax laws simple and reduce wordage in the legislation, making it…
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Varun Goel, Senior Fund Manager, Mirae Asset Investment Managers (India). File | Photo Credit: Special Arrangement Varun Goel, Senior Fund Manager, Mirae Asset Investment Managers (India), said the euphoric phase of the Indian equity market is over, and investors should have more reasonable return expectations. “The period from 2019 to 2024 was a great five years…
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Some of the top mobile gaming apps have suspended real-money games after parliament passed a ban on Thursday (August 22, 2025), threatening the future of a sector once projected to hit $3.6 billion by 2029. The sudden ban on online real-money games, along with related ads and payment services, has jolted an industry backed by…
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RBI Executive Director Indranil Bhattacharyya | Photo Credit: LinkedIn The Central Board of Directors of Reserve Bank of India (RBI), at its meeting held in Lucknow, under the chairmanship of Governor Sanjay Malhotra, approved the nomination of Indranil Bhattacharyya, Executive Director, as an ex officio member of the Monetary Policy Committee (MPC). The Board assessed…
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A view of the Bombay Stock Exchange in Mumbai. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty fell sharply by nearly 1% on Friday (August 22, 2025), snapping their six-day winning streak, amid intense selling in market heavyweights HDFC Bank and Reliance Industries. The 30-share BSE Sensex tumbled 693.86 points or 0.85%…
Image used for representation purpose only,. | Photo Credit: Reuters The rupee fell 27 paise to close at 87.52 (provisional) against the greenback on Friday (August 22, 2025) as domestic equity markets ended weaker and the U.S. dollar strengthened ahead of the speech of Fed Chairman Jerome Powell. However, inflow of foreign funds and a…
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Sudarshan Venu, Managing Director, TVS Motor Company. File Sudarshan Venu, Managing Director, TVS Motor Company, said the share of scooters, both the ICE segment and EVs, will continue to grow. “Scooter category has grown faster than other categories in the last few years. We are continuously launching products and keeping our products fresh,” he said,…
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Nvidia developed the H20, a less powerful version of its AI processing units, specifically for export to China [File] | Photo Credit: REUTERS Shipping Nvidia’s H20 chips to China was “great” for Beijing and Washington and not a security threat, the tech giant’s chief said Friday. The California-based company produces some of the world’s most…
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File picture of NRI industrialist Lord Swraj Paul | Photo Credit: PTI Leading British industrialist Lord Swraj Paul passed away in London on Thursday (August 21, 2025) evening, family sources said. He was 94. Lord Paul, founder of U.K.-based Caparo Group of industries, had been taken ill and hospitalised recently, where he passed away surrounded…
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Representational image of Apollo hospital building in New Delhi | Photo Credit: Reuters Shares in Apollo Hospitals were offloaded in a block deal worth ₹1,489 crore, exchange data showed on Friday (August 22, 2025). About 19 lakh shares were sold at a floor price of ₹7,850 apiece. The price is a near 1% discount to…
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