The government has raised securities transaction tax (STT) on futures and options contracts after amendments to the finance bill, 2023, were passed in the Lok Sabha on Friday. The development was confirmed by a source who spoke to news agency Reuters. STT on options contracts has been hiked to 0.021 per cent from 0.017…
After retailing on the higher side in the Indian markets yesterday, both gold and silver rates edged lower today. Precious metals are trading on the lower side of the Multi Commodity Exchange (MCX) on Tuesday, March 14, 2023. Gold futures, maturing on April 5, 2023, stood at Rs 57,491 per 10 grams, recording a marginal…
Listed companies belonging to the embattled Adani Group are aggressively clearing off debt in a bid to reverse the damage done by a report published by US short seller Hindenburg Research. Adani Transmission is likely to announce debt refinancing plans in a few weeks, said executives in an investor call on Tuesday.…
Days after it was reported that the Adani Group hired accountancy firm Grant Thornton, the Gautam Adani-owned conglomerate has dismissed it as a rumour. In a statement released to the stock exchanges, Adani Enterprises said the news about hiring Grant Thornton appears to be a “market rumour and hence it would be…
After retailing on the lower side yesterday, both gold and silver prices witnessed a hike on the Multi Commodity Exchange (MCX) on Tuesday, February 14. Witnessing a hike of Rs 191 or 0.34 per cent, gold futures, maturing on April 5, 2023, were retailing at Rs 56,695 per 10 grams on the MCX. Similarly, silver…
The European Union on Tuesday added Russia to its tax haven blacklist. The development comes amid the Western attempt to curb “Russian aggression” in Ukraine. Earlier, European Union finance ministers said Russia, Costa Rica, the British Virgin Islands and the Marshall Islands would be added to the EU…
Benchmark stock market indices gained sharply on Wednesday after the Reserve Bank of India (RBI) went for a smaller interest rate hike of 25 basis points, which economists believe could be the last of the current cycle even as the central bank governor remained non-committal. At the closing bell, the S&P BSE Sensex…
Adani Group called off the Rs 20,000 crore follow-on public offering (FPO) of its flagship firm on Wednesday, just a day after it was fully subscribed. It came as a surprise to the stock market and the investor community as such moves are rarely seen. The Gautam Adani-owned conglomerate came out with a statement,…
Market regulator Securities and Exchange Board of India (Sebi) has increased scrutiny of deals by Adani Group over the past year and will study a fresh report issued by short-seller Hindenburg Research. This is in addition to Sebi’s ongoing preliminary investigation into the group’s foreign portfolio investments,…
The government could take a series of drastic measures in the upcoming Union Budget 2023, as it looks to cut spending and prepare for a turbulent FY24. A Reuters poll of economists suggests that the government will tap the brakes on capital expenditure (Capex) growth, as its spending power is likely to be reduced due…