Abolition of Angel tax will boost startup ecosystem, says CBDT chairman
The abolition of Angel tax for all classes of investors will act to "prompt" innovators and venture capitalists to better invest in startups and any instances of money laundering here will be taken care of by the existing legal mechanism, CBDT Chairman Ravi Agrawal said on Wednesday. He said the removal...
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Stock markets fall for 4th day on selling in banking shares, STT hike
25 July 2024 | PTI -
Pvt sector needs to step up, match govt's efforts towards job creation: Anand Mahindra
24 July 2024 | PTI -
Sensex, Nifty extend Budget day fall in early trade
24 July 2024 | PTI -
Govt cuts customs duty on gold, silver, mobile phones
23 July 2024 | PTI -
Markets climb in early deals ahead of Budget presentation; Sensex climbs 264 points
23 July 2024 | PTI -
Cut import duty on smartphone components in Budget, Govt told
23 July 2024 | PTI -
Sebi returns draft IPO documents of recruitment solution provider Crizac
23 July 2024 | PTI
Gold rises Rs 100 on jewellers’ buying
Gold prices rose by Rs 100 to Rs 75,650 per 10 grams in the national capital on Monday due to increased buying by jewellers and a firm trend in the overseas markets. However, silver prices plunged by Rs 600 to Rs 91,000 per kg. In the previous session, it had settled...
CRR cut to help banks facing low deposit growth: SBI MD
Lowering the cash deposit ratio or the proportion of deposits which banks are mandatorily required to park with the RBI will help the lenders facing low deposit growth, SBI Managing Director Ashwini Kumar Tewari said on Monday. Conversations for such a cut are on, he told reporters here, clarifying that the...
Rupee rises three paise to close at 83.67 against US dollar
The rupee consolidated in a narrow range to settle 3 paise higher at 83.67 (provisional) against the American currency on Monday, as crude oil prices and the US dollar retreated from their elevated levels. Forex traders said the Indian rupee recovered from all-time low levels and traded in a narrow range...
Sensex, Nifty settle lower ahead of Budget
Equity benchmark indices Sensex and Nifty ended lower on Monday, dragged down by heavy selling pressure in Reliance Industries and Kotak Mahindra Bank ahead of the Budget. Besides, a weak trend in global equity markets also hit investors sentiment, traders said. Falling for the second day in a row, the 30-share BSE...
Economic Survey slams energy guzzling developed world
On the one hand, developing nations are being forcefully nudged to sign up for climate commitments that they are not ready for, on the other hand, the developed world is in a mad ‘Scramble for Africa’ kind of rush to usher in the latest and the most expansive energy guzzlers...
AI casts huge pall of uncertainty over impact on workers across skill levels: Economic Survey
The Economic Survey on Monday said the advent of Artificial Intelligence (AI) casts a "huge pall of uncertainty" with regard to impact on workers across all skill levels. The Economic Survey 2023-24 tabled in Parliament predicted that the new-age technology, while turbocharging productivity, has the potential to disrupt employment in certain...
Wipro shares tank nearly 9 pc after earnings announcement
Shares of IT major Wipro tumbled nearly 9 per cent in morning trade on Monday after the company gave a flat sequential growth guidance. The stock tanked 8.79 per cent to Rs 508.25 on the BSE. At the NSE, it tumbled 8.79 per cent to Rs 508.20 apiece. The stock emerged as the...
