NEW DELHI: Lok Sabha on Monday approved the Income Tax Bill 2025 – a key reform aimed at revamping the decades old income tax law for individuals and companies, making it simple for taxpayers and easing the compliance burden.Earlier, FM Nirmala Sitharaman introduced the revised and updated version of the I-T bill in Parliament, incorporating…
US President Donald Trump said on Monday that gold imports will not face additional tariffs, ending days of uncertainty that had rattled global bullion markets and sent futures prices to record highs.“Gold will not be Tariffed!” Trump said in a statement on his Truth Social account, without providing further details. His remarks followed confusion triggered…
Mutual fund inflows hit fresh records in July, with equity schemes attracting Rs 42,702 crore — up 81% from June’s Rs 23,587 crore — and debt funds bouncing back with Rs 1.06 lakh crore after two months of withdrawals. In July 2024, equity inflows stood at Rs 37,113 crore.Sectoral and thematic schemes topped the equity…
Norway’s sovereign wealth fund — the world’s largest — has announced the sale of its holdings in 11 Israeli companies, citing the worsening humanitarian crisis in Gaza and the broader conflict in the region. Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken “in response to…
NEW DELHI: In his bellicose speech where he threatened to nuke India, Pakistan Army chief Asim Munir put a target on Reliance Industries Ltd’s refinery — the world’s largest single-site refining complex — at Jamnagar in Gujarat in any future military conflict with New Delhi, indicating for the first time the intent to hit India’s…
The execution of China South City’s liquidation may encounter difficulties regarding mainland asset seizure. (AI image) A Hong Kong High Court has issued a liquidation order for China South City Holdings Ltd., marking the largest Chinese construction company by assets to face winding up since China Evergrande Group.This court decision exemplifies the ongoing impact of…
The rupee reversed early gains to end 17 paise lower at 87.75 against the US dollar on Monday, pressured by persistent importer demand for the greenback, a rebound in crude oil prices, and foreign fund outflows.At the interbank foreign exchange market, the domestic currency opened at 87.56 and traded in a narrow range of 87.48…
Air India Express has announced a “Freedom Sale” offering five million discounted seats to mark India’s 79th Independence Day.According to the airline, bookings can be made through its website, mobile app, and major travel portals until 15 August 2025, for travel between 19 August 2025 and 31 March 2026. The sale period covers the festive…
The market sentiment improved after the announcement that Trump and Russian President Vladimir Putin will meet. (AI image) US President Donald Trump’s move to impose 50% tariffs on India doesn’t seem to have worried the Indian stock markets too much. In fact, BSE Sensex and Nifty50 have shown resilience in the face of the Trump…
Nvidia and AMD have agreed to hand over 15% of their revenues from chip sales to China to the US government, a senior US official confirmed, according to the Associated Press. The arrangement is part of a deal allowing the companies to resume sales of specific artificial intelligence chips to the Chinese market.The revenue-sharing terms…
