NEW DELHI: In a big setback to online gaming firms facing show-cause notices for GST evasion of around Rs 2.5 lakh crore (with penalty), Supreme Court Wednesday upheld levy of 28% tax on the full face value of online gaming bets and validated rules under CGST for determining valuation of taxable supplies for lotteries, betting,…
Institutional investors put in bids worth around Rs 19,000 crore for Coal India shares on the first day of the government’s offer for sale (OFS) on Wednesday, PTI reported.The government is selling up to a 2 per cent stake, or over 12.32 crore shares, in Coal India at a floor price of Rs 412 per…
New Delhi: Chairing a Pragati meeting on Wednesday, PM Narendra Modi told housing and urban affairs ministry officials to first identify 50 cities and achieve 100% cleanliness in them in all aspects, from making them garbage free to processing all their solid and liquid waste.TOI has learnt that Modi suggested that ministry and state govts…
Investors will get a mid-week trading break as stock exchanges NSE and BSE will remain closed on Thursday, May 28, for Bakri Id.Trading across equity, equity derivatives and securities lending and borrowing (SLB) segments will remain suspended for the day, making this a shortened trading week for Dalal Street participants, reported ET. The holiday comes…
Wall Street hovered near record levels on Wednesday as falling crude oil prices eased inflation concerns and boosted investor sentiment, AP reported.The S&P 500 rose 0.1 per cent after closing at a record high in the previous session. The Dow Jones Industrial Average gained 171 points, or 0.3 per cent, while the Nasdaq Composite was…
Every crisis reminds us that markets can swing like a pendulum between greed and fear. (AI image) Sensex and Nifty are in deep red. Gold, the favourite safe haven asset for investors, is seeing huge volatility. The US-Iran conflict has hit investment portfolios of Indians who are now left wondering: where is their money safe?…
The finance ministry has called a meeting of heads of public sector banks (PSBs) on May 29 to review credit flow to the agriculture and MSME sectors, financial performance and banking operations amid the ongoing Middle East crisis, PTI reported.The meeting will be chaired by Financial Services Secretary M Nagaraju, a day before his retirement.According…
The Indian Railway Technical Supervisors’ Association (IRTSA) has proposed a separate fitment-factor structure for different categories of employees under the 8th Pay Commission, moving away from the uniform formula followed in previous pay revisions, according to an ET report.The railway technical staff body has suggested five different fitment factors ranging from 2.92 to 4.38 across…
A US delegation will visit India from June 1-4 for trade negotiations with both sides expected to continue discussions on a proposed interim agreement as well as the broader bilateral trade pact, Commerce ministry statement said on Wednesday.According to the official statement, India and the US are proposed to finalise details of the interim trade…
Nifty started on a positive note but remained range-bound during the initial hour of trade. The index later witnessed a breakout from the consolidation zone and surged to an intraday high of 23,983. However, the momentum could not sustain at higher levels, as profit booking emerged, leading the index to pare some of its gains…
