In a significant move towards improving tax compliance, the Central Board of Direct Taxes (CBDT) launched a compliance-cum-awareness campaign in November 2024. The initiative encouraged taxpayers to disclose their foreign assets and income in their revised income tax returns (ITRs). According to a recent report, this effort resulted in 30,161 taxpayers voluntarily declaring foreign assets …
HDFC Mutual Fund has launched the HDFC Nifty Top 20 Equal Weight Index Fund, an open-ended index fund that tracks the Nifty Top 20 Equal Weight Index (TRI). The fund follows a passive investment strategy, aiming to generate returns in line with the index while maintaining equal weightage across the 20 stocks. NFO Details The …
India bets big on developing indigenous AI, empowering local innovation New Delhi, March 7 (IANS) As artificial intelligence (AI) becomes all-pervasive in our lives, the government has launched several key initiatives under the IndiaAI Mission, marking a major milestone in India’s journey towards developing responsible and ethical technology. The initiatives include AIKosha: IndiaAI Datasets Platform, …
On March 14, 2025, India’s major stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be closed in observance of the Holi Festival, suspending all trading activities for the day. Holi Stock Market Holiday As per the NSE & BSE Holiday Calendar, there will be no trading activity on the …
On March 7, 2025, as of 12:20 PM, the BSE Sensex was down 0.17% at 74,224.68, while the Nifty 50 was down 0.12% at 22,518.45. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng RELIANCE 1,216.00 1,254.55 1,212.00 1,245.05 2.93 BAJAJ-AUTO 7,462.25 7,624.00 7,451.10 7,570.90 …
On March 6, 2025, the BSE Sensex ended in the green, closing at 74,340.09, up by 0.83%, and the NSE Nifty50 closed at 22,544.70, up by 0.93%. Sectoral Performance On Thursday, Nifty Midsmall IT & Telecom and Nifty Realty ended in the red. Nifty Oil & Gas, Nifty Metal, and Nifty Pharma ended in the green. Top …
The Brewers Association of India (BAI) has urged the Karnataka government to address concerns over alleged inconsistencies in beer-related regulations. Representing major beer manufacturers such as AB InBev, Carlsberg, and United Breweries, which account for 85% of beer sales in India, BAI has highlighted issues regarding frequent tax hikes and regulatory disparities that hinder fair …
The Reserve Bank of India (RBI) has reached a historic milestone in its foreign exchange management, with net short positions in the dollar forward book touching $77.5 billion as of January 31, 2024. According to a recent news report, these short positions, which are primarily in the 3-month to 1-year tenure, amount to $30.6 billion. …
India has emerged as the 4th-largest hub for High Net-Worth Individuals (HNWIs) globally, with 85,698 individuals holding investable assets exceeding ₹8.69 crore (US$ 1 million), according to a Global Wealth Report. The country follows the United States, China, and Japan in terms of wealth concentration. At the ultra-high-net-worth level, individuals with over ₹869 crore (US$ …
India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has been actively working to curb high-risk derivatives trading among retail investors. Over the past year, a series of regulatory measures have been introduced to reduce excessive speculation in the futures and options (F&O) segment. The impact of these regulations is now becoming …
