NEW DELHI: Government could abolish long-term capital gains (LTCG) tax across investor categories even keeping its fiscal consolidation road map largely unaffected, as the resulting revenue loss is likely to be limited to Rs 40,000-50,000 crore in FY28, a report said on Tuesday.The report from SBI Research estimated that eliminating LTCG tax would reduce govt…
To focus on boosting revenue, reducing cost & regain market share: GebremariamNEW DELHI: Having “punched below its weight” for too long, Air India is now considering a fresh order for more wide body aircraft to “regain market share from competition ” as that “business belongs to AI”.While the “short-term” poses multiple “challenges”, the “long term…
NEW DELHI: Apple posted its highest-ever quarterly revenue in India in the Sept quarter, with Mac and services revenue also setting records. The company recorded its highest number of iPhone upgraders in India during the quarter. India’s all-time high revenue stood out in a quarter when Apple set Sept-quarter records across the Americas, Europe, Greater…
The woman said her husband deposited the money as a gift intended for her and their two minor daughters. (Image for representative purpose only) Your husband deposits money in your account as a gift for you and your daughters but then passes away. Are you liable to pay tax on the deposit?In one such case…
The bank’s consolidated net profit rose 20 per cent to Rs 25,361 crore, while gross NPAs improved to 1.39 per cent of advances. NEW DELHI: State Bank of India (SBI) on Tuesday reported a 14 per cent year-on-year increase in standalone net profit to Rs 23,038 crore for the July-September quarter of FY27, compared with…
India’s stock market has not hit a new closing high in over two years now. India’s long-term capital gains (LTCG) tax has now become a pressing pain for investors and the ongoing flight of foreign investors is being closely linked to the country’s somewhat unique regime of taxing stock market gains.India stands out internationally for…
How to shop smart this Dhanteras Sone pe suhaga, chandi hi chandi — Indian shoppers might just be having it all this Dhanteras!With Diwali around the corner, gold and silver prices have brought an early surprise for consumers. After a dazzling rally that took both metals to record highs earlier this year, prices have cooled…
Indian Railways says that the train combines engineering capabilities with domestic manufacturing expertise. (Bullet train image for representative purpose) India’s first indigenously developed high-speed bullet train, B28, has cleared an important stage of its safety evaluation and is undergoing the vehicle body shell assessment, commonly called the “squeeze test”.The assessment was carried out at BEML’s…
Jefferies said a potential reduction in LTCG tax could encourage foreign investors to return to the Indian market, which they have been steadily moving away from. Stock market rally today: BSE Sensex and Nifty50 continued their winning on Tuesday after the stock market hit a 7-week closing high in the previous session. Softer oil prices,…
Air India CEO Tewolde Gebremariam speaks at an aviation event in New Delhi Air India plans to increase its wide-body aircraft order as it looks to strengthen its international operations and improve its financial performance, CEO Tewolde Gebremariam said on Tuesday while acknowledging that the carrier was currently “punching below its weight” in the international…
