NEW DELHI: The Lok Sabha on Wednesday passed the Finance Bill, with 32 amendments moved by finance minister Nirmala Sitharaman, including specifying that in case of buyback of shares, additional income tax on capital gains made by promoters will face a 12% surcharge.The Finance Bill had proposed to replace dividend tax applicable to buybacks and […]
Sensex jumps 1.2k pts as efforts to end war gain pace
NEW DELHI: With hopes of a resolution to the West Asia conflict rising, sensex rallied over 1,200 points in late session on Wednesday to close above the 75,000 mark again.As diplomatic initiatives to end the war between the US-Israel and Iran picked up pace, markets around the world rallied, crude oil prices slipped, and precious […]
KVR Murty named as Sebi whole-time member
NEW DELHI: Govt on Wednesday named KVR Murty, a former Indian defence accounts service officer, as whole-time member of markets regulator Sebi, with a three-year tenure. Murty, who retired as additional controller general of defence accounts, has had a long stint in the ministry of corporate affairs. TNN Source link
IHC arm gets RBI nod to buy Sammaan Capital
MUMBAI: Sammaan Capital (formerly Indiabulls) shares rose 6% after the RBI approved the acquisition of a controlling stake by UAE-based International Holding Company (IHC) through an initial investment of about Rs 8,850 crore. In a regulatory filing on March 24, Sammaan Capital said RBI had cleared applications related to the proposed transaction involving Avenir Investment, […]
OpenAI hires JioStar’s ex-CEO to lead Apac ops
BENGALURU: OpenAI, the company behind ChatGPT, has hired former JioStar CEO Kiran Mani as managing director for Asia-Pacific, as the AI firm steps up its regional expansion amid strong user growth in markets including India. Mani is set to join in June. He will report to Jason Kwon and lead regional strategy and operations across […]
US, EU seek WTO reform as meet starts
NEW DELHI: World Trade Organisation‘s ministerial meeting will kick off in Cameroon on Thursday, with reform of the 30-year-old multilateral body on top of the agenda of the US and European Union, while India will seek to push for farm trade reforms and retain the basic characteristics of the entity.At the meeting, which comes in […]
CCPA warns hotels, restaurants of action for levying ‘LPG, Gas surcharges’
NEW DELHI: The Central Consumer Protection Authority (CCPA) on Wednesday warned hotels and restaurants of action in case it found them levying additional charges under heads such as “LPG charges,” “gas surcharge,” and “fuel cost recovery” in food bills.The authority issued an advisory invoking provisions of Consumer Protection Act observing that such charges are being […]
Stock market today (March 25, 2025): Which are the top gainers and losers in Nifty50 and BSE Sensex today? Check list
Investor wealth surged by Rs 15.80 lakh crore over two trading sessions as equities rebounded sharply amid a decline in crude oil prices and growing hopes of de-escalation in the West Asia conflict.Stock markets have been gaining for the past two days, with the BSE Sensex rising 2,577.06 points or 3.54 per cent. On Wednesday, […]
Govt extends RBI’s 4% retail inflation target framework till March 2031
The government on Wednesday extended the mandate for the Reserve Bank of India (RBI) to maintain retail inflation at 4 per cent, with a tolerance band of 2 percentage points on either side, for another five years ending March 31, 2031.The move continues the flexible inflation-targeting framework first introduced in 2016 and retained once earlier […]
8th Pay Commission update: Centre details roadmap and mandate in Parliament; what employees should know
The government on Tuesday informed Parliament that the 8th Central Pay Commission (CPC) is examining revisions in pay scales, salaries, allowances and pension structures for central government employees, while consultations with stakeholders are currently under way.In a reply to an unstarred question in the Lok Sabha, minister of state for finance Pankaj Chaudhary said the […]