Indian Business

Apex taxation authority has inquired with cryptocurrency stakeholders about the necessity of new virtual digital assets (VDA) legislation, its administrative oversight, and the impact of current tax policies on trade migration. The Central Board of Direct Taxes (CBDT) has also sought feedback regarding the 1% tax-deducted-at-source (TDS) rate, potential adjustments, and the possibility of loss…

Tax authorities have called upon EY, the auditor of Jane Street’s Indian subsidiary, as they build a case against the US investor. The department has also obtained sworn statements from two staff members and a director of Jane’s local entity, as reported by Economic Times.Following a six-day investigation that yielded limited information from offshore servers,…

Gold price prediction: Gold, in ultra short-term, can test the support around $3307 (MCX Gold October Rs 98,600)/$3290 (Rs 98,100) , but the downside is limited. (AI image) Gold price prediction today: Gold rates are expected to trade in a range, but the downside is likely to be limited, say experts. Praveen Singh, Senior Fundamental…

External Affairs Minister S. Jaishankar welcomes Chinese Foreign Minister Wang Yi, in New Delhi (ANI photo) China has committed to address India’s three key concerns- rare earths, fertilisers and tunnel boring machines- as indicated by ANI sources.The sources revealed that Chinese Foreign Minister Wang Yi provided assurance to External Affairs Minister Dr S Jaishankar regarding…

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, JSW Steel, and Titan are the top stocks to buy today:JSW Steel – Buy in the range between Rs 1075 & Rs 1085; Stop Loss: Rs 1038; Target: Rs 1170JSW Steel has…

MUMBAI: Reliance Consumer Products (RCPL) bought a majority stake in a joint venture with Naturedge Beverages, marking its foray into the healthy functional beverages space. Naturedge Beverages is from the house of the 108year-old Baidyanath Group, which has a legacy of making Ayurvedic products.The acquisition comes at a time when there is a shift among…

MUMBAI : The markets regulator is seeking to make it easier for India’s largest firms to go public. Sebi has proposed easing minimum public offer (MPO) norms and extending timelines for meeting minimum public shareholding (MPS) requirements. The proposals have been submitted to the govt for amending the Securities Contracts (Regulations) Rules.Currently, firms with a…

Govt mulling extra GST over and above 40% proposed on tobacco products (AI image) The government is reportedly considering imposing additional excise or special duties beyond the proposed 40% GST on tobacco products to sustain current taxation levels, following Prime Minister Narendra Modi’s announcement of GST 2.0 reforms that eliminate compensation cess.Several states are requesting…

Investors will focus on domestic high-frequency data, such as HSBC India Manufacturing, Services, and Composite PMIs, to gauge growth momentum. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, soared in trade on Monday on the back of next-generation GST reforms announced by PM Modi during his Independence Day speech,…

Software services companies are set to adopt a cautious yet strategic approach to hiring in the second half of FY25, with recruitment specialists projecting 3–5 per cent growth compared to the first half. The focus will be on skilled freshers and junior-level positions, given lower costs and higher learning potential.“Hiring may remain muted in H2…