BUSINESS
I-T dept sends draft notice to Jane Street, seeks response on denial of treaty benefits for Rs 20,000 cr worth of F&O market gains
If this draft notice holds up, the HFT trader may see additional tax out of upto Rs 7,000 crore, say tax experts.
BUSINESS
How TCS dividends helped Tata Sons absorb mounting losses at Air India, Tata Digital
TCS’s total cash payout ratio, including dividends and buybacks, touched 94% in FY25 and 100% in FY23
BUSINESS
Vedanta moves Supreme Court seeking stay on Adani Group’s plan for Jaypee Assets
The NCLAT last week refused to stay Adani Group’s resolution plan, prompting Vedanta to move the Supreme Court.
BUSINESS
Series of controversies drags down governance score of India’s private sector lenders
HDFC, IndusInd, IDFC First, Axis Bank and RBL are among the banks which have seen a dip in their governance scores over the past two years
BUSINESS
5 foreign HFT traders receive tax queries in the aftermath of Jane Street saga
Tax department has raised queries on some of the practices of these traders who are using various international structures to avoid India tax
BUSINESS
US-Iran war puts $1.3 billion worth of investments of 800 Indian small companies at risk
UAE has emerged as the second largest source of overseas direct investments by Indian companies especially for retail and hospitality companies looking for overseas expansion.
BUSINESS
Hindusthan Glass writes to Petroleum ministry expressing concerns over cuts to gas quota
Gas is a key component in glass manufacturing as it heats the glass producing furnaces.
BUSINESS
How India’s relaxation of Chinese investment rules benefits US, EU funds
Passive funds with China connection can now invest in India without having to seek prior government approval
BUSINESS
India loses 40 basis points weightage in Norway Pension funds; China and Taiwan gain
In 2025, Norges Bank India portfolio gave a dollar return of -1.4% compared to 15% overall return generated by the fund globally.
BUSINESS
Supreme Court Aircel verdict to impact IBC recoveries for creditors in telecom, mining and infra companies
The court ruled that natural assets like telecom spectrum cannot be treated as transferable private assets under IBC.
BUSINESS
GAIL hints at potential cuts in gas quotas of companies due to escalating conflict in middle east
Wide range of industries including fertilizer, petrochemicals and textiles use liquefied gas as a key input material, say market experts.
BUSINESS
Linde shareholders reject company’s proposal to enter Rs 417 worth RPTs with Praxair
The proposal, which was voted upon on Thursday, was defeated by minority shareholders with 89% investors voting against it.
BUSINESS
Linde India faces critical minority shareholder vote today
The company has sought shareholder approval for related party transactions with Praxair India worth Rs 417 crore.
BUSINESS
4 lakh sq km freed in Andaman Basin; Lt Governor DK Joshi flags ‘Guyana-like’ potential
The Islands host India’s only integrated tri-service theatre command, the Andaman and Nicobar Command, reinforcing their operational relevance in the eastern Indian Ocean and proximity to key shipping lanes near the Strait of Malacca.
BUSINESS
Sebi’s prolonged Zee probe keeps ‘promoter overhang’ alive, leaves investors in limbo
Sebi issued its first interim order in the Zee case in June 2023 but is yet to pass a final order. Company says strategic steps derailed by probe.
BUSINESS
India AI Summit: Experts raise competition concerns over spike in Delhi hotel prices
Earlier this month, CCI has opened a probe into similar dynamic pricing by IndiGo, India's largest airline
BUSINESS
Governance experts red-flag two recent Zee disclosures regarding Sebi notice and promoter stake rise
Zee refuted the allegations and said, the Company has always followed highest corporate governance standards.
BUSINESS
Apple vs CCI: Is Apple’s fight over new penalty rules truly warranted?
Legal experts say the Nagrik Chetna Manch verdict, which is being cited by Apple, is a peculiar case with unique facts and cannot be generalised.
BUSINESS
Kalyan Jewellers flags alleged market manipulation to SEBI, seeks suspension from F&O segment
In the letter sent sometime in 2025, Kalyan said some ‘known and unknown’ entities were resorting to excess speculation in the stock
BUDGET
Tax defaults in India surge 5.7 times to Rs 20 lakh crore in 3 years with legacy defaults rising nearly 8 times
The data captures tax demands in cases where the taxpayers either don’t have any assets that the department can attach to discharge the tax dues, or the taxpayers are absconding and untraceable.
BUSINESS
STT collection for FY27 likely to be subdued due to falling market volumes
For FY27, the government has estimated that it will collect Rs 73,700 crore via STT, which is lower than the FY26 budget estimate of Rs 78,000 crore for STT collection. The levy has already seen a dip in FY26 due to reduced volumes especially in the F&O segment prompting the government to revise its STT collection estimate for the current financial year downwards to Rs 63,700 crore.
BUSINESS
Large HFT traders Jane Street, Jump, Graviton, arbitrage MFs to feel the pinch of STT hike
While the large HFT firms use algos to make massive trades in F&O, arbitrage funds generally interplay between cash and F&O market to make a small profit
BUDGET
Budget 2026: FPIs using brokers get GST exemption for brokerage services
Until now brokerage fee paid by the foreign funds was subject to 18% GST
BUDGET
Budget 2026: Extension of tax holiday for Gift City banks to benefit big domestic lenders
The government has extended the tax holiday for IBUs from 10 years currently to 25 years.
