New debt mutual fund tax rule may help banks bridge deposit shortfall
MUMBAI: Banks have been vying with mutual funds for tax parity for years by offering the same tax advantages for…
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No relief for startups from angel tax
In NEW DELHI: The angel tax, whose scope was intended to be expanded to include foreign investors in the Budget…
Withholding tax on royalty fees doubles to 20%
MUMBAI: The Lok Sabha cleared the Budget Bill on Friday, raising the withholding tax rate under the Income Tax (I-T)…
No talks with any co for merger: Aakash CEO
In NEW DELHI: Aakash Educational Services (AESL), a subsidiary of Byju’s, and the edtech unicorn Unacademy may be considering a…
Govt removes long-term tax benefit for debt mutual fund investors
MUMBAI: The government eliminated the tax arbitrage these schemes enjoyed over bank fixed deposits (FDs) and specific insurance policies on…
Marginal tax relief introduced for small taxpayers
In order to fix a mathematical error, the Finance Ministry has granted a marginal tax relief to low-income taxpayers under…
Joe Biden: US banks are in good shape, turmoil will ease
OTTAWA: President Joe Biden downplayed Wall Street anxiety and lingering concerns of broader financial turbulence by saying he was certain…
G20 not alarmed by banking crises: Chief economic advisor V Anantha Nageswaran
CHENNAI: According to chief economist V Anantha Nageswaran, co-chair of the second G20 Framework Working Group (FWG) meeting, G20 countries…
Wall Street ends higher, marking 2nd winning week in a row
IN NEW YORK: Stocks on Friday rose after a late-afternoon Wall Street turnaround as the market recovered from a sluggish…
Apple CEO Tim Cook stresses ties With China at Beijing event
BEIJING: Tim Cook, the CEO of Apple Inc., travelled back to the country to attend the prestigious China Development Forum…