The Income Tax Department has updated the list of banks available for tax payments through the e-Pay Tax service on the e-filing portal. As per the latest update, 30 banks are now enabled, including both newly added and migrated banks. New Banks Added The latest additions include Bandhan Bank, City Union Bank, DCB Bank, Federal …
China has announced a 7.2% increase in its annual defence budget, raising its official military expenditure to over $245 billion. This development, revealed during the National People’s Congress, underscores Beijing’s focus on expanding its military strength amid growing geopolitical tensions. Despite maintaining the same percentage increase as the previous year, experts argue that China’s actual …
Mumbai, March 7 (IANS) The Securities and Exchange Board of India (SEBI) has issued an administrative warning to FMCG major Nestle India for violating insider trading regulations, the company informed exchanges on Friday. The warning, issued by the SEBI’s Deputy General Manager, was sent to the company’s Compliance Officer (CCO). Nestle India disclosed in a …
The week ended March 7, 2025, saw the Indian stock market end flat, whereby Nifty 50 ended up, 0.03% to 22,552.50, while BSE Sensex was down 0.01% to 74,332.58. Nifty 50 and BSE Sensex closed 3 sessions in red during the week. Roundup of Major News This Week India’s GST collection rose 9.1% YoY to …
The Employees Provident Fund Organisation (EPFO) is undergoing a major transformation with the introduction of “EPFO 3.0,” as announced by Union Labour Minister Mansukh Mandaviya. This initiative aims to provide subscribers with greater ease of access to their funds, making withdrawals as simple as withdrawing cash from a bank ATM. What is EPFO 3.0? EPFO …
The increasing presence of women as entrepreneurs is contributing significantly to India’s economic growth. Women-owned enterprises are creating employment opportunities, driving innovation, and inspiring the next generation of business leaders. To support and empower women in business, various government schemes provide financial aid, skill development, and business-friendly policies. This article highlights key government schemes designed …
On March 7, 2025, the BSE Sensex ended in the red, closing at 74,332.58, down by 0.01%, and the NSE Nifty50 closed in green at 22,552.50, up by 0.03%. Sectoral Performance On Friday, Nifty Realty, Nifty Consumer Durables and Nifty IT ended in the red. Nifty Media, Nifty Oil & Gas and Nifty Metal ended …
India’s Alternative Investment Funds (AIFs) market has seen substantial growth, with total commitments reaching ₹13,00,000 crore (US$ 149.25 billion) as of December 2024. This represents a 5% quarter-on-quarter (QoQ) increase, reflecting a sustained appetite among investors, particularly High-Net-Worth Individuals (HNIs) and institutional players. According to the Securities and Exchange Board of India (SEBI), AIFs raised …
In a significant move towards improving tax compliance, the Central Board of Direct Taxes (CBDT) launched a compliance-cum-awareness campaign in November 2024. The initiative encouraged taxpayers to disclose their foreign assets and income in their revised income tax returns (ITRs). According to a recent report, this effort resulted in 30,161 taxpayers voluntarily declaring foreign assets …
HDFC Mutual Fund has launched the HDFC Nifty Top 20 Equal Weight Index Fund, an open-ended index fund that tracks the Nifty Top 20 Equal Weight Index (TRI). The fund follows a passive investment strategy, aiming to generate returns in line with the index while maintaining equal weightage across the 20 stocks. NFO Details The …
