The Income Tax Department is investigating US investor Jane Street. It has summoned EY, Jane’s auditor in India. The department seeks details about Jane’s Indian operations. They want to know who controlled the trading and where instructions originated. The tax office suspects tax avoidance through Jane’s India, Singapore, and Hong Kong entities. Sebi may have prompted the tax probe.
HDFC Bank, Bharti Airtel among 10 largecap stocks with up to 35% upside potential. Check list
Brokerages remain optimistic on select largecap stocks despite rising geopolitical risks and inflation concerns. Stocks across banking, telecom, auto and infrastructure sectors offer upside potential