IT services firm Mphasis has been issued a tax demand totalling ₹232.37 crore by the Income Tax Department for the financial years 2018–19 and 2019–20. The company has stated that it will challenge the order and expects no significant financial impact. Tax Demand Linked to Foreign Payments As per a regulatory filing by the company, …
Tensions between the world’s two largest economies continue to escalate. Following the United States’ sweeping tariff hike announced by President Donald Trump, China has hit back with a major retaliatory measure, signalling a deepening trade war with global implications. New Tariff Matches U.S. Rate China announced on April 4, 2025, that it will impose a …
India’s services sector growth eased in March 2025, according to the latest HSBC India Services Purchasing Managers’ Index (PMI) released by S&P Global. While the expansion remained strong, the momentum slightly weakened due to softer demand, slower foreign orders, and moderated hiring activity. Services PMI Slips but Remains Firm The Services PMI slipped to 58.5 …
The Indian rupee surged past the 85 mark against the US dollar in early trade on Friday, April 4, for the first time since December 2024. The appreciation followed a broad-based decline in the US dollar, triggered by recent global developments. At the interbank foreign exchange market, the rupee opened at 85.07 and quickly strengthened …
Foreign portfolio investors (FPIs) have pulled out ₹10,355 crore from Indian equity markets over the last four trading sessions of April (April 1 to April 4), as global markets reel from sweeping tariffs imposed by the United States on several nations, including India. The sudden policy shift has sparked investor anxiety and triggered a sharp …
When comparing salaries across borders, many are dazzled by the higher numbers abroad. But bigger isn’t always better. A salary of ₹75 lakh in New York may sound impressive, but it may not go as far as ₹25 lakh in Mumbai when adjusted for the cost of living. Let’s explore why, through the lens of …
The Securities and Exchange Board of India (SEBI) has launched a ‘Document Number Verification System’ (DNVS) to enhance transparency and public trust in its operations. This initiative ensures that all official documents issued by SEBI can be verified for authenticity, strengthening the regulator’s credibility and preventing fraudulent communications. Unique Outward Number for Every Communication Under …
On March 26, 2025, the BSE Sensex was down by 1.22%, closing at 75,364.69, while the Nifty50 fell by 1.46% at 22,904.45. Here are the top gainers and losers on April 04, 2025: Top Gainers of the Day Symbol LTP (₹) Change % BAJFINANCE 8,739.90 1.69 TATACONSUM 1,088.00 1.59 HDFCBANK 1,816.80 1.22 APOLLOHOSP 6,735.00 0.95 …
For the week ended April 4, 2025, the bears took the lead. In 3 out of 4 trading sessions, both BSE and NSE settled in the red. Both the benchmark indices Nifty 50 and BSE Sensex have dipped over 3.50%. During the week, markets fell mostly on April 1 and April 4. On April 1, 2025, NSE closed 1.50% …
India’s growing prominence as a global investment destination is catching attention for more than just its economic growth story. One factor that’s increasingly drawing Foreign Institutional Investors (FIIs) is its relatively lower tariff regime compared to other Asian peers like China, Vietnam and Thailand. As global investors scout for favourable markets, India’s cost-effectiveness and investor-friendly …
