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 : 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…
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…
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,…
Trump has imposed an additional 25% tariff on Indian goods, citing India’s ongoing purchases of Russian oil. (AI image) The Donald Trump administration has again called on India to stop purchasing crude oil from Russia, adding that India needs to act like a strategic partner of the US. White House trade adviser Peter Navarro has…
Gold price prediction: The upcoming meeting between the US and Ukrainian leaders could weigh on gold prices. (AI image) Gold price prediction today: Gold prices are likely to be range-bound with several global factors impacting sentiment this week. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on gold…
