Auto Added by WPeMatico
Mumbai: Shares of management solutions provider Zaggle Prepaid Ocean Services dropped to their lower tradable limit of the day, making a fresh 52-week low, after disappointing quarter numbers from the fintech spooked investors. Zaggle ended at ₹160.48 on Monday, down 20%, while the Nifty 50 and Nifty 500 dropped 0.3% and 0.1%, respectively. “The sharp…
Mumbai: The Securities and Exchange Board of India (Sebi) is seeking extensive disclosures from sponsors looking to set up mutual funds, including details of ownership, ultimate beneficial owners, financial strength, regulatory history and governance practices, as the regulator consolidates the registration process into a single application form. The revised application form issued on Monday, follows…
Mumbai: ICICI Bank, which has drastically narrowed its valuation gap with HDFC Bank this year, has emerged as the most valued stock holding in mutual fund (MF) portfolios in July, ending a three-year run at the top for India’s biggest lender by market value. Mutual funds currently hold around 3.94 billion shares of HDFC Bank,…
Gold’s 9% recovery in August to around $4,400 an ounce indicates that the precious metal is regaining favour among institutional investors and central banks, positioning it for further gains as markets move beyond the initial shock of the US-Israeli war with Iran, Reuters reported. The conflict’s outbreak in late February sent gold tumbling from a…
Wall Street‘s three major indexes fell on Monday as investors waited for quarterly reports from large retailers to provide insights into U.S. consumer spending, while oil prices rose as the U.S. and Iran appeared no closer to a deal. Oil futures settled up more than $2 per barrel as investor pessimism about diplomatic efforts to…
Indian freelancers working for US-based IT companies need to understand how their income should be classified, converted into rupees, and reported in the income tax return. Isha Sekhri, Founder, Isha Sekhri & Associates LLP, explains the key tax, ITR, GST, and foreign-income compliance requirements. How is freelance income from a US IT company reported? Sekhri…
If a husband has already disclosed income and paid tax on it, can the tax department later treat the same money as unexplained income in the wife’s hands after he gives it to her? The Pune bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the same amount cannot be taxed again when…
The Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), 2026, is a one-time voluntary scheme that allows eligible taxpayers to disclose specified foreign assets and income that were not previously reported. The scheme opened on 16 August, with 31 December 2026 as the deadline for making a declaration. One of the key steps is determining…
Cash in public hands is increasing over the past five years, according to data analysis by The Hindu. It further found that the margin between cash and UPI transactions is decreasing and charges on online transactions could act as a nudge towards more cash focused economy for customers. Earlier this month, Parliament passed the Taxation…
Livemint For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories…