NEW DELHI: Net direct tax collection has grown 7% so far this fiscal year to over Rs 12.9 lakh crore on higher corporate tax mop-up and slower refunds. Refund issuances dropped 18% to over Rs 2.4 lakh crore between April 1 and Nov 10. Net corporate tax collection during the period stood about Rs 5.4…
File photo (Picture credit: AP) Asian equities edged higher on Wednesday following signs that the US government shutdown could end soon and amid data pointing to a cooling jobs market, which has raised expectations of a Federal Reserve interest rate cut. Markets, however, remain cautious on technology stocks after a year of strong AI-driven gains.In…
The initial public offering (IPO) of edtech unicorn PhysicsWallah drew a muted response on the second day of bidding, with only 10% subscription recorded so far. The Rs 3,480-crore IPO, which opened earlier this week, will close for bidding on November 13.According to data available on the National Stock Exchange (NSE) till 11:30 am on…
US President Trump indicated on Monday that he plans to lower tariffs on India in the future. (AI image) With US President Donald Trump hinting at a trade deal soon, Global Trade Research Initiative (GTRI) founder Ajay Srivastava says that India should push for rollback of 25% tariffs on account of Russian crude oil. Srivastava…
Children have emerged as the most vulnerable group to India’s worsening air pollution, with nearly half of all pollution-related health insurance claims coming from those under the age of ten, according to a new report by Policybazaar.As cited by news agency ANI, the report revealed that 43 per cent of all pollution-linked insurance claims were…
Support for the yellow metal could persist in the range of $ 4110 – 4075 per oz in near term. (AI image) Gold price prediction today:Gold prices are expected to face upside resistance, and buying on dips may be a favourable strategy, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock…
MUMBAI: The board of directors of Adani Enterprises (AEL), the flagship of the Ahmedabad-based Adani group, on Tuesday evening gave its nod for a rights offer to mobilise up to Rs 25,000 crore. For every 25 AEL shares held by its shareholders on the record date (Nov 17), they will have the rights to subscribe…
The US Supreme Court had, once again, refused to order the Trump administration to provide full funding for the Supplemental Nutrition Assistance Program (Snap). Instead it has chosen to allow congress additional time to resolve the matter through a possible agreement tied to ending the government shutdown.In an order issued on Tuesday (local time), the…
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) is closely examining the shortfall in the settlement of health insurance claims, even as over half of the complaints received under the insurance ombudsman system relate to health policies.At the Bima Lokpal Day event on Tuesday, Irdai chairman Ajay Seth said, “In health insurance, we…
MUMBAI: Tata Trusts, which controls India’s largest conglomerate, $180-bn Tata Group, has inducted chairman Noel Tata’s son, Neville Tata (33), to the board of its flagship Sir Dorabji Tata Trust (SDTT). Speculation over Neville’s entry into the Trusts’ main entity had been building since Mehli Mistry’s exit last month. With Neville’s induction, three Tata family…