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An Indian resident who bought a life insurance policy while working in Dubai has won a tax dispute after the Income Tax Appellate Tribunal ruled that the maturity proceeds could not be treated as undisclosed foreign income under the Black Money Act. The Delhi Bench of the ITAT, in the case of Sarvesh Naidu for…
Shares of metal companies dropped up to 2% on Tuesday, after recording sharp gains in the previous session, with analysts advising investors to view profit-booking-led corrections as buying opportunities. Nifty Metal dropped half a per cent amid an overall bearish market sentiment on Tuesday, with NMDC shares falling more than 2% to lead losses. Hindustan…
The Indian stock market continued to record sharp losses, with Sensex falling for the third straight session and Nifty bleeding for the sixth consecutive session amid fading hopes for a peace deal in the Middle East. After opening, Sensex fell over 250 points to 77,470 while Nifty 50 lost around over 50 points to slip…
Shares of PTC Industries slipped 4% to the day’s low of Rs 19,828 on Tuesday on NSE despite the company reporting strong earnings in the quarter that ended in June 2026. The company’s Q1 profit after tax surged nearly 466% year-on-year, with a 180% growth in its EBITDA for this quarter. According to a filing…
Shares of BSE dropped around 3% on Tuesday, extending losses for the fifth consecutive session after Nuvama downgraded the stock’s rating to Hold from Buy, and slashed its target price, listing three key headwinds converging in FY27. BSE shares dropped to Rs 3,235 apiece on Tuesday morning, the lowest level seen by the stock in…
Indo-MIM shares rallied 10% to hit the upper price band of Rs 951.30 on the BSE on Tuesday after the newly listed precision components manufacturer reported strong financial growth for the quarter ended June 30, 2026. The company reported a 31.6% year-on-year rise in consolidated net profit to Rs 240.12 crore in the June quarter,…
India’s six listed real estate investment trusts (REITs) distributed a combined ₹3,136 crore to more than 4.85 lakh unitholders in the first quarter of financial year 2026-27, underscoring the growing role of REITs as an income-generating investment avenue. The distribution in Q1 FY27 was more than double the ₹1,559 crore distributed by four listed REITs…
The Central Government Health Scheme (CGHS) has clarified how beneficiaries should undertake follow-up consultations, diagnostic tests and investigations at empanelled hospitals, including when a referral is required for reimbursement. According to an ET report, the clarification follows a request from the Union Public Service Commission (UPSC), which had flagged recurring issues while scrutinising medical reimbursement…
A Delhi Income Tax Appellate Tribunal ruling has offered relief to a salaried taxpayer who did not file his income tax return for assessment year 2019-20 despite earning more than ₹30 lakh. The taxpayer later disclosed his entire income after receiving an income tax notice, but the tax department imposed a ₹3.74 lakh penalty for…
Mumbai: Securities and Exchange Board of India Chairman Tuhin Kanta Pandey on Monday said the regulator will examine and address issues in the new Closing Auction Session (CAS), while ruling out scrapping the mechanism simply because some market participants want to trade options differently. “We are talking to participants about the concerns. We are analysing…