MUMBAI: Representatives of India’s capital market on Tuesday urged finance minister Nirmala Sitharaman to keep the securities transaction tax (STT) on cash equity lower than that of equity derivatives trades in the forthcoming Budget. They also suggested to the ministry that in case of a buyback of shares, tax should be imposed only on profits…
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HBAR tumbled 11.5% on Tuesday as intense institutional selling overwhelmed the market, smashing the token from $0.1426 to $0.1281. A massive 250.3 million-unit sell wave at 07:00 GMT—nearly double the 24-hour average—erased the key $0.1350 support and unleashed a cascade of stop-loss triggers. The breakdown came despite ongoing network development efforts, underscoring that technical flows—not…
If you’re planning a bank visit or tracking market activity on April 23, it’s worth checking what’s open and what’s not, as the states of Tamil Nadu and West Bengal go to polls. Being aware of banking and stock market holidays can help consumers and traders plan their financial activity in advance. In India, bank…
LONDON: UK shadow foreign secretary Priti Patel has called on the British government to intervene in the “increase in violence” in Bangladesh that has involved murders of Hindus and use its influence to bring about stability in the country. The British Indian Opposition Conservative MP posted her letter to Foreign Secretary Yvette Cooper on social…
NEW DELHI: A massive blast ripped through a firecracker factory in Tamil Nadu’s Virudhunagar on Sunday, killing 16 people and injuring six others in the Kattanarpatti area, news agency ANI reported.The incident was confirmed by the fire andrescue department.Tamil Nadu chief minister MK Stalin responded to the tragedy, expressing condolences to the families of those…
Crypto experts are pushing back after billionaire hedge fund manager Ray Dalio renewed his skepticism about bitcoin BTC$72,488.26, arguing that the largest and oldest cryptocurrency lacks the qualities that make gold a reliable store of value. Speaking on the All-In Podcast, the Bridgewater Associates founder said bitcoin should not be compared to gold because it…
Mumbai: For restaurants across the country, it is not business as usual–a severe crunch of LPG supplies on the back of the West Asia war is posing a threat of temporary closures with many firms having moved to induction cookers to stay afloat and some of them also restricting menu choices. Smaller establishments are already…
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