NEW DELHI: Govt on Friday clarified that it is not considering to levy GST on UPI transactions above Rs 2,000. Clarifying on reports, which said govt is considering levying GST on UPI transactions over Rs 2,000, the finance ministry said they are false, misleading, and without any basis.GST is levied on charges, such as Merchant…
Representative Image (Danny generated IA Image) MUMBAI: Billionaire industrialist Gautam Adani intends to shift the ownership of an Australian port terminal to his publicly listed enterprise for $2 billion. The transaction involves Adani Ports issuing preferential shares to Carmichael Rail and Port Singapore Holdings, an entity under the Adani family’s control.The preferential share issuance will…
MUMBAI: Markets regulator Sebi on Thursday issued a consultation paper proposing to increase the amount of funds a mutual fund scheme can invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). It also asked for suggestions if REITs and InvITs could be categorised as ‘equity-related instruments‘, a departure from the current ‘hybrid’…
BENGALURU: Infosys forecast one of its weakest revenue guidance ranges, between 0% and 3% for 2025-26, mainly due to macroeconomic uncertainties and tariff-related concerns.According to the company, in response to tepid market cues, customers have become more cautious with their discretionary spending, prompting discussions about cost efficiency and vendor consolidation deals. However, it retained its…
MUMBAI: India’s education loan companies are facing collateral damage from the Trump administration’s crackdown on immigrants. With the US accounting for 50-75% of the education loan disbursements, lenders are facing a business slowdown as students rethink their America plans. Lenders are also implementing stringent assessment checks to process US education loans, preferring strong profiles and…
The rupee experienced its strongest weekly gain in a month, closing at 85.37 against the dollar, driven by increased foreign portfolio inflows into Indian equities. A persistently weak dollar and bullish sentiment towards emerging Asian currencies, including the rupee, further contributed to the currency’s rise. Markets were closed on Friday for Good Friday. MUMBAI: The…
Finance minister Nirmala Sitharaman (File photo) MUMBAI: FM Nirmala Sitharaman on Thursday said the ongoing trade recalibrations around the world were worrisome but India would navigate these global disruptions with policy agility. The FM said that the tariff war posed risks for India and the country was not immune to it, however, she was confident…
The government on Friday denied reports suggesting GST levying on UPI transactions exceeding Rs 2,000, calling such claims “completely false, misleading, and without any basis.”In an official statement, the finance ministry said, “Currently, there is no such proposal before the government,” dismissing concerns that had surfaced earlier.The ministry also clarifyed the tax framework, explaining that…
MUMBAI: Markets regulator Sebi is looking at ways to sort out issues relating to the initial public offering (IPO) of NSE, the largest stock exchange in India in terms of turnover. Sebi set up a committee to look into various issues related to NSE’s IPO, the regulator’s chairman Tuhin Kanta Pandey said on Thursday.The Sebi…
Indian markets wrapped up the trading week on a high note, with benchmark indices BSE Sensex and Nifty50 registering gains of over 6 per cent in the last four sessions.This spike was fueled by a combination of returning foreign investment, eased inflation, and hopes for a favourable monsoon season that helped lift investor confidence.The BSE…
