The United States continues to be India’s biggest trading partner. (AI image) As India faces the threat of 50% US tariffs from August 27, the government is looking at sector-specific measures to cushion impact on exporters and small and medium enterprises. Indian goods exported to the US have been facing 25% tariffs from August 7,…
The stock markets could have significant advancement in the upcoming year, driven by the government’s GST rationalisation initiative, which is anticipated to enhance economic growth and market sentiment.Emkay Research’s analysis, cited by news agency ANI, suggests the Nifty 50 index could reach 28,000 by September 2026, leading the brokerage firm to revise its market outlook…
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,…
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…
