The National Stock Exchange (NSE) will launch futures and options contracts on the Nifty India FPI 150 Index (NIFTYFPI) from August 12, after receiving approval from the Securities and Exchange Board of India (SEBI). The exchange said the new contracts will be introduced in the equity derivatives segment as part of its efforts to expand…
The Central Board of Direct Taxes (CBDT) has notified the Cost Inflation Index (CII) at 384 for the financial year 2026-27, a move that will determine the inflation-adjusted cost of acquisition for taxpayers eligible to claim indexation benefits while calculating long-term capital gains. The notification, issued on July 15 under Section 72(8)(a) of the Income-tax…
The UK government has proposed changing the way certain cryptoasset lending and decentralised finance (DeFi) transactions are taxed, with the aim of ensuring that investors are not taxed simply for moving crypto into qualifying lending or liquidity pool arrangements. In a policy paper, HM Revenue & Customs (HMRC) proposed treating eligible cryptoasset loans and liquidity…
Gold and silver prices edged lower in early trade on Wednesday (July 16) as investors assessed softer-than-expected US inflation data alongside escalating geopolitical tensions in the West Asia. On the COMEX, gold futures were trading at $4,037.50 per ounce, down $14.30 or 0.35% an ounce from the previous close. Silver futures slipped 0.34% to $57.235…
With just 15 days left until the July 31 deadline for filing Income Tax Returns (ITR) for Assessment Year (AY) 2026-27, taxpayers yet to file their returns should not delay further. Investors holding Sovereign Gold Bonds (SGBs) should also ensure that income from these investments is reported correctly. The tax treatment of SGBs depends on…
Homebuyers who paid GST while booking a flat or plot may be entitled to a refund if their booking is cancelled or the project is stalled. The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has clarified that builders cannot charge GST above the prescribed rate and that buyers are entitled to receive the full…
Abakkus Mutual Fund has launched the Abakkus Large & Mid Cap Fund, an open-ended equity scheme that will invest predominantly in large-cap and mid-cap stocks. The New Fund Offer (NFO) opened on July 15 and will remain open for subscription until July 29. The scheme is the fund house’s third equity-oriented offering and fourth mutual…
Gold and silver prices declined in the domestic futures market on Wednesday (July 15), tracking weakness in global bullion markets as investors weighed softer-than-expected US inflation data against renewed inflation risks from higher crude oil prices and escalating tensions in the West Asia. On the Multi Commodity Exchange (MCX), gold futures for August delivery fell…
The Andhra Pradesh government has given eligible employees covered under the Contributory Pension Scheme (CPS) a one-time option to switch to the Old Pension Scheme (OPS). The option is available to employees who were recruited through a notification or advertisement issued before September 1, 2004, but joined government service on or after that date. The…
A fintech founder whose company is valued at around $1.2 billion has claimed that a leading private bank rejected his home loan application because it considers him to be in a high-risk category. Pravin Jadhav, founder and CEO of Raise Financial Services, shared the experience in a post on X, calling it one of the…
