Hyundai eyes local manufacturing for luxe brand Genesis
In NEW DELHI: With nearly three decades of experience under its belt in the Indian market, South Korean Hyundai is…
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Paytm needs govt nod on FDI for aggregator licence
To obtain a payment aggregator licence from the RBI, Paytm Payments Services (PPSL) will require regulatory clearance for investments from…
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…
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…
Debt MF changes: Negative for MFs; marginally positive for life insurance
The Finance Ministry has made changes to the taxation of debt mutual funds; as opposed to the previous benefit of…
Finance Bill 2023 passed in Lok Sabha with THESE major amendments.
The Finance Bill, 2023 was approved by the Lok Sabha on Friday, March 24, with a few changes. In the…
Govt to scrap long-term tax benefit for debt mutual funds investing less than 35% assets in equity
NEW DELHI: Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than…
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…
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…