MUMBAI: In a move that will make stocks among the most liquid investments, markets regulator Sebi has proposed expanding the scope of T+0 settlement cycle to 500 shares, from 25, in a phased manner, allowing investors to get their money on the day they execute the transaction.The board of the regulatory agency, which met for…
MUMBAI: The US Citizenship and Immigration Services (USCIS) has updated its policy manual to ensure protection to the ‘good faith’ investors who have participated in the EB-5 (Investment-linked green card) program.The EB-5 program is also referred to as the investment-linked green card program. It is gaining traction among the Indian diaspora, in particular those who…
NEW DELHI: The Centre has unveiled an increase in minimum wage rates for workers in the unorganised sector by revising the variable dearness allowance (VDA).The minimum wage rates are categorised based on skill levels – unskilled, semi-skilled, skilled, and highly skilled – and by geographical area: A, B, and C (categorised by cost of living).After…
NEW DELHI: The income tax department will deny tax deducted at source (TDS) credit and flag your income tax return (ITR) if it detects any discrepancies between the TDS information reported in the ITR and the data provided by the TDS deductor. When a TDS deductor deducts the tax, they are required to file a…
Stock market today: The Sensex reached a new all-time high in early trading on Friday, driven by strong buying in IT stocks and a rally in global markets. The BSE Sensex rose by 119.38 points, hitting a record high of 85,955.50, while the NSE Nifty advanced 34.5 points to 26,250.55.Among the 30 Sensex companies, Infosys,…
MUMBAI: Food & grocery delivery company Swiggy on Thursday filed papers for an IPO that is expected to be worth about $1.2 billion (or Rs 10,000 crore) – the biggest floated by an Indian startup since Paytm’s Rs 18,300 offer in 2021. The IPO is expected to be up-sized to about $1.4 billion (or Rs…
NEW DELHI: The Centre on Thursday, in a significant decision to support workers, increased the minimum wage rates through the revision of the Variable Dearness Allowance (VDA). The revised wage rates will benefit workers engaged in various sectors within central sphere establishments, including building construction, loading and unloading, watch and ward, sweeping, cleaning, housekeeping, mining,…
Having recently surpassed the 85,000 mark, the Sensex is now edging closer to the highly anticipated 1 lakh milestone. (AI image) The Sensex, India’s primary stock market index, has delivered remarkable returns of 850 times to investors over the past 45 years, compounding wealth at an impressive CAGR of around 16%. To put it in…
The near-term uptrend of the Nifty remains intact, with the possibility of range-bound action or a minor dip in the next 1-2 sessions. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. Both BSE Sensex and Nifty50 were just short of their lifetime high. At…
MUMBAI: The IPO for Manba Finance, a Mumbai-based NBFC that finances two and three wheelers, has been subscribed 224 times. The company that aimed to mobilise Rs 151 crore now has a demand for its shares worth nearly Rs 24,000 crore. This is excluding the Rs 45-crore worth of shares allotted to anchor investors last…
