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,…
Indian refiners usually place orders a month before loading, and it generally takes an additional month for tankers to arrive at Indian ports. (AI image) As US President Donald Trump’s 25% additional tariffs, effective month-end loom, some Indian refiners are adopting a cautious stance towards Russian oil tenders, postponing orders for September-loading shipments. Refiners are…
ITR filing: The tax department classifies income from derivatives trading as business income. (AI image) ITR filing FY 2024-25: Profits and losses from futures and options (F&O) trading have to be disclosed in your income tax return. Here’s a quick guide on how they are taxed and what steps you need to take.F&O gains are…
Global technology expenditure in 2025 is unlikely to reach the $6-trillion mark due to tariff-driven financial policies from Washington, causing businesses to hesitate in committing substantial funds to long-term projects.Leading industry analysts – Canalys, Forrester, Gartner and IDC – have consistently reduced their IT growth projections for 2025 since tariff discussions emerged in Spring. These…
Proposed changes in the Goods and Services Tax (GST) structure could temporarily push up India’s fiscal deficit, but the growth benefits are expected to outweigh the short-term setback, according to an analysis by Emkay Research cited by ANI.The report projects the fiscal deficit rising to 4.5 per cent in FY26 and 4.6 per cent in…
MUMBAI: Equity markets surged, the rupee recovered sharply against the dollar, but bonds erased most of Friday’s gains on fears of higher govt borrowing. The shift came as investors weighed the Centre’s proposed overhaul of the goods and services tax alongside a sovereign rating upgrade from S&P.The sensex closed 676 points, or 0.8%, higher at…
Siddhartha Khemka, Head of Research at Wealth Management, Motilal Oswal, says, “We remain optimistic about Indian equities for the next 6-9 months.” (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday on the back of strong domestic news flow and global cues. While Nifty50 was…
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…
NEW DELHI/MUMBAI: Expect a bumper Diwali for consumers as plans to rationalise and reduce GST rates on ACs, televisions (above 32-inch) and dishwashers will see retail prices come down by as much as 7-8%, leading to price cuts from a few thousand rupees to over Rs 10,000 on premium products.The industry said the decision, particularly…
NEW DELHI: The commerce and industry ministry is working on a 100-day reform agenda, which may include proposals such as further liberalising the FDI regime, easing investments from neighbouring countries, and more tax benefits for startups, an official said. The proposals may also include easing certain environmental norms for the leather and footwear industry, expediting…
