Hybrid mutual fund schemes witnessed a moderation in net inflows during FY25, drawing Rs 1.19 lakh crore — an 18 per cent decline from the previous fiscal — amid market turbulence in the latter half of the year driven by corporate earnings slowdown and geopolitical tensions. However, investor participation and assets under management (AUM) in…
AI generated representative image NEW DELHI: In a landmark move poised to transform India’s indirect tax dispute resolution system, the Central government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, 2025, paving the way for the long-awaited operationalization of the GST Appellate Tribunal (GSTAT). Notified under Section 111 of the Central Goods…
In an effort to stimulate domestic consumption amid ongoing trade tensions with the United States, China has lowered the minimum purchase amount required for foreign tourists to qualify for tax refunds. Starting Sunday, international travellers can apply for tax rebates on purchases of just 200 yuan (about $27) made at the same store on the…
Toyota Motor Corp said on Saturday it is considering various options, including a partial investment, in a possible buyout of Toyota Industries Corp, a key parts supplier. The move follows reports of a potential $42 billion transaction that could significantly reshape the group’s corporate structure.In a filing with the Tokyo Stock Exchange, the automaker confirmed…
Hindustan Zinc Ltd (HZL), a Vedanta Group company, is set to foray into potash mining and is targeting a block in Rajasthan that has a strong possibility of containing lithium reserves as well. India heavily relies on potash imports from countries such as Russia, Canada, Belarus, and Israel, and HZL’s move aims to reduce this…
AI-generated image (Credit: Bing image creator) India is preparing to formally request the United States for relaxed export controls and enhanced access to advanced technologies under the proposed bilateral trade agreement (BTA), according to sources quoted by news agency PTI. The concessions India seeks are similar to those granted by the US to close allies…
A busy week ahead will be crucial for the rebound of US stocks, as investors turn their attention to a series of corporate earnings reports, including major results from Apple and Microsoft. Alongside these earnings, the prospect of global trade developments could introduce volatility into the market, adding another layer of uncertainty.The US stock market…
Foreign investors have poured in Rs 17,425 crore into India’s equity markets in the week of April 21 to April 25, bolstered by a combination of favourable global factors and strong domestic economic fundamentals. This follows a net investment of Rs 8,500 crore in the previous holiday-shortened week ending April 18, news agency PTI reported….
TikTok, the popular Chinese social media platform, is gearing up to enter Japan’s online shopping market in the coming months, according to a report by Nikkei on Sunday. The company plans to recruit sellers soon for its e-commerce arm, TikTok Shop, which will offer a platform for users to sell products ranging from sneakers to…
The combined market valuation of six of the top-10 most valued Indian companies surged by Rs 1,18,626.24 crore last week, with Tata Consultancy Services (TCS) emerging as the top gainer. This rise coincided with a broader market rally, as the BSE Sensex climbed 659.33 points or 0.83 per cent, and the NSE Nifty advanced by…
