FINANCIAL SERVICES TAX
Diwali dhamaka isn’t over! How a Rs 38 lakh crore bull run sent Sensex up 8,000 points and Nifty up 10% in 8 days
India’s Diwali rally has added nearly Rs 38 lakh crore to BSE-listed companies’ market value in just eight trading sessions, with the Sensex surging nearly 8,000 points and the Nifty gaining 10% to cross 25,400. The rally has been driven by aggressive FII buying of Rs 53,170 crore this month, stronger global sentiment as the AI trade cools, and robust Q2 earnings
FIIs are back with a bang but why are stocks from only 2 sectors their favourites?
Recently, foreign institutional investors have rekindled their enthusiasm for Indian equities, with significant investments particularly in technology and telecom sectors. Since mid-October, they've pumped $8.2 billion into the market, reversing prior selling trends. However, the financial services sector continues to struggle with considerable outflows, highlighting a trend of selective investments, while sectors like financials and FMCG are still under pressure.
Thomas Cook India expects higher fiscal 2028 travel bookings, delays Europe summer launch
Thomas Cook (India) anticipates a rise in passenger numbers and bookings in fiscal year 2028. The company has postponed its summer European holiday packages due to unrest and extreme weather conditions. Revenue declined in the first half, but travel demand is recovering in the ongoing third quarter. The CEO is optimistic about financial performance improving in the second half of the fiscal year.
These 7 private and public banking stocks have an upside of up to 20% in one year, according to analyst
When FPI money returns, there are two parts of the market that tend to draw it first: Financial services broadly, and banks within it. So the very thing that worked against these stocks when the FPIs were selling has started to work for them now that the foreigners are buying. Monday saw the first clear sign of it.
'Mobilising $1.3 trillion annually by 2035 to require overhaul of climate finance system'
Mobilising $1.3 trillion a year in climate finance for developing countries by 2035 is achievable, but only with a major overhaul of the global climate finance system, according to a report released by Brazil’s COP30 presidency at COP31 in Antalya. Without policy changes, annual flows are projected to reach only about $460 billion, leaving an $840 billion shortfall. The report says a combination of public and private funding, carbon markets and new taxes could raise $1.27-1.41 trillion annually by 2035. Private investment could contribute $882 billion, public sources $351-384 billion and carbon markets $40-144 billion.
Budget 2027-28: PHDCCI urges govt to scrap LTCG tax on equities, cut STCG tax to 10%
PHD Chamber of Commerce and Industry has made recommendations for the Union Budget 2027-28. They have proposed abolishing long-term capital gains tax and reducing short-term capital gains tax rates. The chamber has also called for relaxed loan repayment norms and higher loan limits for MSMEs. They highlighted the economic significance of MSMEs in India's GDP and employment. Improved access to credit and equity support could enhance India's global manufacturing position.
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Singapore to launch gold vaulting service for foreign central banks, ease taxes to boost bullion trad
Singapore's central bank will introduce a gold vaulting service for foreign central banks and financial institutions. This initiative aims to strengthen Singapore's position as a global trading hub for precious metals. Alongside the vaulting service, new tax incentives for companies in the bullion market will be implemented next year. The Monetary Authority of Singapore is also preparing an over-the-counter gold clearing system by 2027.
Investing in real estate? Know how much property is too much, and when you should diversify
At the ET Wealth Expo 2026, a dynamic panel engaged in a thought-provoking dialogue about the contrasts between investing in real estate and financial assets. Industry experts highlighted the perils of overestimating the value of properties, emphasizing hidden costs and liquidity issues that might arise.
Succession planning: When a family breaks up, how does the business survive?
If the next generation wants to preserve the family business bot not necessarily together, here’s how they can execute the split without impacting the wealth.
Planning a wedding? Hidden costs that can derail your budget and drain your savings
Vendor fine print, last-minute guests and family pressure can push your wedding bill way above the initial budget. Here’s how to spot the hidden costs before they hit you. You could also maintain a dedicated savings account or have one person oversee expenses to track payments for every function and ceremony, especially if various family members are doing the spending.
Taxpayers fret over loose ends in amnesty scheme, seek CBDT clarity on foreign asset disclosure rules as deadline nears
Many taxpayers are unsure if they need to report various accounts due to ambiguous regulations. Clarification is being sought from the Central Board of Direct Taxes regarding ownership versus authority, among other things.
Netflix India's FY26 net up 6% at Rs 90 crore
Netflix India reported a 6% year-on-year rise in net profit to Rs 90 crore in FY26. Total income increased by 17% to Rs 4,477 crore, primarily through subscriber growth. Expenditure also rose by 17%, impacting profit margins and performance. Meanwhile, Los Gatos Production Services India experienced a decline in net profit, indicating challenges in the content production sector.
AvenuesAI Q2 revenue jumps 47% as AI-first fintech transformation gathers momentum
AvenuesAI reported a steady set of second-quarter FY27 numbers, with the company continuing to build momentum behind its broader transformation from a payments gateway-led business into an AI-first financial technology infrastructure platform.
Travomint parent SNVA Traveltech files updated draft papers with Sebi for public offering
SNVA Traveltech, parent of online travel platform Travomint, has filed updated IPO papers with SEBI for an entirely offer-for-sale issue of 12.75 crore shares. FY26 revenue rose 58.1%, while net profit jumped 73.7% year-on-year.
Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts say
SEBI has repotedly proposed tax relief for domestic mutual fund investors ahead of Budget 2027. The proposal aims to exempt investors from long-term capital gains tax when switching investments. Financial experts note that removing this tax could increase investor interest, although it may impact government revenues.
Festive stocking drives 36% jump in TReDS volumes as small businesses seek working capital
The five platforms operating under the Trade Receivables Discounting System (TReDS) financed invoices worth Rs 75,788 crore in August and September, a 36% increase from Rs 55,549 crore in the same months last year, according to RBI data.
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certainty
ASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic manufacturing, attract foreign capital and improve ease of doing business.
Russia's service sector stagnates, output rises marginally in October
Russia's service sector showed minimal growth in October, with a decrease in orders for the first time in three months. New businesses also fell, indicating a concerning trend amid declining export demand. Employment exhibited a marginal increase after a prolonged period of job cuts across the economy. Input cost inflation rose as firms adjusted selling prices to manage higher costs.
Woman seeks Rs 50,000 compensation from Gillette India, alleges women pay up to five times more for razors; consumer commission issues notices to top executives
The District Consumer Disputes Redressal Commission has issued notices to Gillette India Ltd regarding discriminatory pricing practices. Shipra Mathur alleges that women's razors are priced four to five times higher than men's razors. Counsel Inder Mohan Singh states that this constitutes unfair trade practices under the Consumer Protection Act. The complainant seeks directions to prevent such pricing and claims compensation for mental distress.
Cancelled flight ticket? GSTAT says airlines can refund GST to passengers and claim it back from the government
Taxpayer wins GST refund denial case after depositing GST on airline ticket with the govt and later refunding the GST back to passengers due to cancelled ticket; GSTAT orders GST department to issue GST refund with interest to taxpayer
Motilal Oswal Financial Services announces leadership rejig; appoints new heads across businesses
Motilal Oswal Financial Services announced major leadership changes across alternatives, retail broking and private wealth businesses. The reshuffle coincides with strong Q2 performance, with operating PAT rising 29% year-on-year to Rs 718 crore.
These 11 private and public banking stocks have an upside of up to 33% in 1 year, according to analysts
It is too early to read a lot into the divergence seen in the stock price movements of private and PSU banks on Tuesday. Neither can it be said with any certainty that it had anything to do with FII buying. Against this background, remember: For any investor interested in the banking sector, the price movements should matter less than what the overall Q2 performance of both private and PSU banks reveals.
$700 million tax bill vs $4.15 million image: The court case that saved Michael Jackson’s heirs
A US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerably lower than the IRS's previous claim of $1.1 billion for the estate. Following a lengthy legal battle, the judge's ruling will significantly reduce the estate tax owed by Jackson’s heirs. The judge noted that Jackson's image has diminished in value over time due to various controversies.
A used Honda Civic: Why did Michael Jackson's estate claim his image was worth $2,105 in its fight with the IRS?
The issue was all about how much Jackson's name, image, and likeness rights were worth when he died. Jackson's estate initially valued his image and likeness rights at just $2,105 in its 2009 estate tax return. It also gained attention because it was comparable to the price of a used Honda Civic.
Paris Jackson net worth: How rich is Michael Jackson’s daughter as she seeks $600 million from father's estate after 17 years?
Paris Jackson has approached a Los Angeles court seeking a $600 million transfer from her late father Michael Jackson's estate to a family trust meant for her and her two brothers. She argues that the trust has remained unfunded for more than 17 years despite the estate generating billions of dollars. The estate has disputed her allegations, citing ongoing legal issues with the IRS.
BLS E-Services Q2 Results: Net profit rises 12% YoY pc to Rs 20.5 cr
BLS E-Services reported a 12.4 percent year-on-year increase in profit after tax for Q2 FY27. The total income for the quarter reached Rs 428.1 crore, up 55.1 percent year-on-year. Additionally, the company's operating EBITDA rose to Rs 28.8 crore, marking a 43.8 percent increase from the previous year. The Business Correspondent segment also achieved a Gross Transaction Value of over Rs 41,400 crore.
Angel One, CDSL, BSE, other capital market stocks jump up to 8%. 3 reasons behind the rally
Capital market stocks rallied up to 8% as hopes of LTCG tax relief, renewed FII buying and a broader market recovery lifted investor sentiment. The Nifty Capital Markets index climbed over 3% to a seven-week high.
Innefu Labs’ AI platform uncovers suspected Rs 5,700 crore GST fraud network
According to Innefu Labs, Prophecy Eagle I identified several patterns, including the alleged reuse of the same facial identity across multiple business registrations in different geographical regions within a month.
Oyo parent PRISM clocks PAT of Rs 353 crore in Q1, up 17% YoY, revenue jumps 35%
Oyo parent PRISM reported a 35% YoY rise in Q1FY27 revenue to Rs 2,814 crore, while net profit grew 17% to Rs 353 crore. Gross Booking Value increased 30% to Rs 9,600 crore and EBITDA rose 24% to Rs 760 crore. Founder Ritesh Agarwal highlighted growth across hotels and vacation homes, technology investments and AI-led operational efficiencies.
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