The US presidential election in 2024 could have a major impact on the outlook for Indian IT service providers. The outcome could lead to changes in trade policies, visa regulations, and the movement of the US dollar—all crucial factors for Indian IT players. Despite headwinds from a demand slowdown and high interest rates in major … Read more
— Nathan Mayer Rothschild 17 January 1991. Time: 2.38 am. Eight US Army Apache helicopters flew over the Iraqi–Saudi Arabian border and bombed some Iraqi radar sites. Five minutes later, 24 US Air Force fighter jets attacked airfields in Western Iraq. At 3 am local time, 10 more stealth attack jets raced to Baghdad and … Read more
The Bombay High Court has recently held that employees cannot be penalised for employer’s failure to deposit tax deducted (TDS) from salary. “The object and purpose behind the provision is to the effect that when an obligation to deposit the tax as in the present case, is on the employer and if the employer has defaulted, … Read more
The combined market valuation of nine of the top 10 most valuable companies rose by ₹95,522.81 crore last week, with Reliance Industries, TCS, and HUL leading the gains. The 30-share BSE Sensex climbed for the fourth consecutive session, ending 33.02 points or 0.04 percent higher at 81,086.21 on Friday. Over the past week, the BSE … Read more
These heavyweights—HDFC Bank, Reliance Industries, ITC, TCS, Infosys, and Kotak Mahindra Bank, collectively known as Hritik on Dalal Street, account for 40% of the Nifty 50 index. View Full Image … Data compiled by DSP MF shows that the market capitalization share of the top ten Nifty companies is hovering around 20%, an all-time low … Read more
If you are remitting over ₹6 lakh overseas, then it is likely to come under the purview of income tax as Central Board of Direct Taxes (CBDT) has reportedly commenced a thorough investigation into high value foreign remittances above ₹6 lakh, Business Standard reported. The apex body of direct taxes is reportedly cracking down on … Read more
Senior industry executives and analysts say a high error rate, steep cost of deployment and the relative newness of the technology are the main reasons for GenAI’s weak adoption by companies. “So first and foremost, accuracy of the results is critically important. And second, the adoption of that solution is critically important. And the adoption … Read more
The last date to file an income tax return (ITR) ended on July 31, 2024, and taxpayers are now awaiting the refund of excess tax paid. The income tax (I-T) department’s latest data reveals that more than 7.28 crore ITRs were filed till July 31, 2024, 7.5 per cent higher than the 6.77 crore ITRs … Read more
Last week witnessed a significant surge in the combined market valuation of seven of the top-10 most valued firms, amounting to an increase of ₹1,72,225.62 crore. Leading the charge was IT giant Tata Consultancy Services (TCS), benefiting from a bullish equity market. During the week, the BSE benchmark rose by 522.74 points, marking a 0.65% … Read more
Stock Market News: Amidst positive global cues, the domesticbenchmark indices, Sensex and Nifty 50, started Thursday’s session on a bullish note. The Sensex crossed 80,100 and the Nifty 50 approached 24,400. Early trading saw Sensex rise 245.32 points to 80,170.09 and the Nifty 50 rise 78.2 points to 24,402.65. Ahead of the quarterly report from … Read more