Several taxpayers in India, especially those who revised their income tax returns (ITRs) in January 2025, are now facing unexpected demand notices from the Income Tax Department. These individuals, despite having a total income of less than ₹7 lakh, are being denied the Section 87A rebate. What Is the Core of the Controversy? The notices …
The Delhi government has released the draft of its Electric Vehicle (EV) Policy 2.0, following the expiry of its previous policy on March 31. The earlier policy has been extended by 15 days, and the new draft is currently pending cabinet approval. No More CNG Auto Registrations After August 15 From August 15, 2024, the …
The State Bank of India (SBI) has introduced changes to its ATM transaction policies, which took effect from February 1, 2025. These revisions impact both financial and non-financial ATM transactions for savings account holders using SBI and other bank ATMs. The update aims to standardise ATM usage limits, encourage digital banking, and create a more …
In the ongoing cotton season of 2024-25, the Government of India, through its nodal agency, the Cotton Corporation of India Ltd (CCI) under the Ministry of Textiles, has made substantial progress in safeguarding farmers’ interests. As of March 31, 2025, CCI successfully procured 525 lakh quintals of seed cotton, equivalent to 100 lakh bales, …
Bharat Sanchar Nigam Limited (BSNL) has responded to a recent report by the Comptroller and Auditor General (CAG), clarifying that there was no revenue loss from its passive infrastructure sharing arrangement with Reliance Jio Infocomm, as per Economic Times news report. BSNL Clarifies Position on CAG’s Revenue Loss Findings The CAG report had noted that …
The Competition Commission of India (CCI) has approved the proposed acquisition of shares in Shriram Asset Management Company Limited (SAMC) by Sanlam Emerging Market (Mauritius) Limited (SEMM) and Shriram Credit Company Limited (SCCL). This strategic move marks a deepening of the partnership between Sanlam Group and the Shriram Group in the Indian financial services …
The Indian government has allowed companies operating in sectors where foreign direct investment (FDI) is prohibited to issue bonus shares to existing foreign shareholders, provided there is no change in the shareholding pattern post-issuance. This move, announced by the Department for Promotion of Industry and Internal Trade (DPIIT), aims to clarify and facilitate operations for …
In a significant stride toward boosting India’s energy self-reliance, the Ministry of Coal has signed Coal Mine Development and Production Agreements (CMDPAs) with the successful bidders of two coal blocks, Marwatola-II and Namchik West, under the 11th round of commercial coal mining auctions. Successful Bidders and Mine Details Singhal Business Private Limited secured the Marwatola-II …
GIFT Nifty was trading 55.50 points lower (0.25%) at 22,463 as of 08:25 AM, signalling a mildly negative opening for Indian markets. On April 8, 2025, domestic equities saw a sharp rebound, with the NSE Nifty closing at 22,535.85, up 374.25 points or 1.69%. The BSE Sensex rose 1,089.18 points or 1.49% to end at …
On April 8, 2025, the BSE Sensex was up by 1.49%, closing at 74,227.08, while the Nifty50 was up by 1.69% at 22,535.85. Here are the top gainers and losers for the day: Top Gainers of the Day Symbol LTP Change (%) JIOFIN 225.49 5.61 SHRIRAMFIN 646.00 5.21 BEL 282.15 3.69 ADANIENT 2,288.95 3.45 CIPLA …
