Finance Bill proposes removal of tax advantage for debt mutual funds
Long-term capital gains (LTCG), which were previously taxed at 20% with an indexation benefit, will no longer be advantageous to…
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Sensex, Nifty fall in early trade amid weak trend in Asian equities
MUMBAI: Benchmark indices Sensex and Nifty declined in early trade on Friday amid a weak trend in Asian markets and…
For mutual fund investors, what debt funds taxation changes would mean
Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per…
LIC plans investment exposure caps post Adani share rout: Report
NEW DELHI: In an effort to reduce risk concentration in the wake of criticism of its investments in Adani group…
Accenture to fire 7,000 in India as part of global cuts
Accenture Plc aims to terminate at least 7,000 of its around 350,000 employees in India as the world’s largest information…
SpiceJet open to sell more stakes in airline biz
In NEW DELHI: According to chairman and managing director Ajay Singh, low-cost airline SpiceJet is willing to sell further shares…
UBS offers retention packages to Credit Suisse Asia wealth bankers, says report
According to two people with knowledge of the situation, UBS promised retention benefits to Credit Suisse wealth management employees in…
The truth about who really pays 90% of GST collected
The government has emphasised a different statistic in response to an Oxfam research that claims the poorest half of India’s…
MSCI review: HAL, Ashok Leyland to be added to India Standard Index; shares rise
As part of its semi-annual review, which was announced on May 11, 2023, global index services provider MSCI (Morgan Stanley…
Wall Street ends higher as Yellen vows actions to safeguard deposits
Wall Street ended the day on a positive note on Thursday as investors took heart from US Treasury Secretary Janet…