Bitcoin trades near $77,000 mark after pullback from $78,000 mark with profit-taking and leverage flushes weighing on the market. The cryptocurrency was trading at $77,267 mark. In the past 24 hours, Bitcoin was up 0.1% and Ethereum was up 2.1% to trade at $2,521 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin rallied…
Gold prices edged lower further on Monday after posting a third consecutive weekly decline in the previous session. The price of non-yielding bullion eased as a surge in oil prices stoked inflation concerns and reinforced expectations that the US Federal Reserve could raise interest rates at its policy meeting this week, scheduled for 15 and…
A Mumbai-based woman entrepreneur who faced a tax addition of over ₹20 lakh, partly over cash payments towards her credit card bills, has won relief from the Income Tax Appellate Tribunal (ITAT). The tax department had questioned cash deposits and expenditures linked to her business and treated the amounts as unexplained. This case concerns Rina…
The Delhi High Court on Wednesday sought the central government’s response to a public interest litigation (PIL) that seeks automatic refunds of tax deducted at source (TDS) for individuals who do no have any tax liability and are not otherwise required to file income tax return (ITR). The petition challenges Section 433 of the Income-tax…
Small-cap mutual funds remained popular with investors in August, attracting ₹7,973 crore, the highest inflow among equity fund categories, according to AMFI data. Bandhan Small Cap Fund led individual small-cap schemes with an estimated ₹2,187 crore of net inflows during the month. Its assets under management rose from ₹31,103 crore in July to ₹34,176 crore…
The Nasdaq closed lower on Monday, with declines in Intel and other chipmakers, as investors became less confident about a deal to reopen the Strait of Hormuz. U.S. President Donald Trump demanded that Iran pay compensation for the people he said it had killed in wars, attacks and protests. Earlier, Iran called for Washington to…