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With the filing window now closed for most salaried taxpayers, attention has shifted to income tax refunds. Taxpayers who have filed and successfully e-verified their returns are now awaiting the refund process.
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Institutional investors subscribed nearly two-thirds of LIC shares offered by noon Tuesday. The government aims to divest up to 6.5% of its stake through this offer. This stake sale is expected to raise approximately Rs 31,000 crore for the government. The transaction also helps LIC meet Sebi’s minimum public shareholding requirements. This follows the government’s…
The Ministry of Petroleum has rolled out enhanced fuel quality measures, implementing water ingress testing that occurs multiple times a day at various fuel stations. In a comprehensive assessment, more than two thousand samples were analyzed for contaminants, revealing minimal problems. Sales were promptly halted at locations with verified contamination. The Ministry warns that stringent…
Merchant Discount Rate (MDR) is the fee merchants pay to banks and payment service providers for processing digital transactions. In India, credit card payments generally attract an MDR of around 1.5%.
As per SEBI guidelines, a new Closing Auction Session has been introduced for eligible stocks, where continuous trading will halt at 3:15 PM instead of 3:30 PM. This has altered the final closing price calculation methodology for several stocks.
Despite persistent concerns over elevated inflation, the Iran conflict and the possibility of an AI-driven stock market bubble, Wall Street has continued to scale new highs, supported by robust corporate earnings.
The Enforcement Directorate is investigating 32 bank fraud cases with 54 absconding accused. Proceedings under the Fugitive Economic Offenders Act have been launched against 27 individuals. Assets worth over Rs 840 crore have been confiscated after nine were declared offenders. Unclaimed bank deposits transferred to the RBI fund total Rs 62,683.19 crore. India’s foreign exchange…
ONGC’s profit more than doubled in the April-June quarter. Higher crude oil prices and improved realisations significantly boosted earnings. Total income rose substantially compared to the previous year. Oil and gas production remained broadly stable with marginal declines. Strategic projects are expected to improve future production levels.
Bharti Airtel reported a significant profit increase of 37.3% in the first quarter. This growth was fueled by higher mobile tariffs and strong customer additions across businesses. Revenue also saw a substantial rise of 18.4% during the same period. The company’s average revenue per user increased to Rs 264 from Rs 250 a year ago….