Category: Uncategorized

Taxman hunts for clues on ‘control’ of Jane St India

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 […]

Three-lenders cap makes micro borrowers fall in line

Borrowing by vulnerable economic groups is changing. The number of borrowers with many lenders decreased significantly. This reflects stricter lending practices. Data shows a drop in borrowers using more than three lenders. However, some older loans still pose a risk. The microfinance sector is now focusing on stability. The market size has contracted.

Sovereign bond yields surge most in 14 months on hints of higher government borrowing

Indian sovereign bond yields increased following Narendra Modi’s Independence Day announcement. The change involves rationalizing indirect tax slabs. This move raised concerns about potential revenue reduction. Experts suggest increased government borrowing might occur. Bond yields experienced the most significant single-day rise since early June. The market anticipates possible fiscal adjustments due to GST changes.

Sebi proposes to ease IPO norms for large companies

SEBI is considering easing IPO norms for large companies like NSE and Reliance Jio, potentially allowing them to list with smaller floats. For firms exceeding ₹50,000 crore market cap, the minimum share sale could drop to 8%. The regulator also proposes extending the timeline to meet minimum public shareholding norms, aiming to prevent oversupply and […]

Can staggered investments in Nifty IT ETFs lead to long-term gains?

Despite recent underperformance, wealth managers suggest high-risk investors consider the Nifty IT Index Fund or ETF, staggering investments over 2-3 months. Factors like a high margin of safety, attractive dividend yield, rupee depreciation, and potential easing of tariff concerns create an opportunity. The IT index has fallen significantly, presenting a potential upside with limited downside.

How will GST reforms impact Indian stock market and key industries?

Indian stock market anticipates GST simplification, potentially benefiting autos, cement, consumer goods, retail, hotels, and financials. Auto sector, especially two-wheelers, could see increased demand due to lower tax rates and potential RBI rate cuts. Financials may indirectly gain from credit growth in key sectors.