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Sensex ends volatile day 32 pts higher as D-St clocks longest winning streak since early Feb SECTIONS Sensex ends volatile day 32 pts higher as D-St clocks longest winning streak since early FebBy Share Synopsis Confirmed Covid-19 cases in India rose above 18 million with a record rise in infections and deaths over the last 24 hours. Closing Bell: Sensex ends flat at 840 pts, Nifty settles at 14,895 Related NEW DELHI: Benchmark indices managed to eke out gains on Thursday, a fourth straight session of rise and their longest winning streak since early February. Positive global cues lifted the sentiments on Dalal Street. Strong buying interest in metal stocks yet helped indices close nearly unchanged on a day of heightened volatility. Cement stocks and private banks lent support to the bulls even as market participants saw some profit booking. ....
India ready to ‘defeat any misadventure’, says Rajnath Singh at Aero India 2021 Defence Minister Rajnath Singh. Share Via Read Full Story India is vigilant and prepared to counter and defeat any misadventure to defend its people and the territorial integrity at all costs, Defence Minister Rajnath Singh said today, amid a continued military standoff with China. India faces threats and challenges emanating from multiple fronts. India is a victim of state-sponsored and state inflicted terrorism, which is now a global threat, Singh said at the Aero India 2021 in Bengaluru. TRENDING STORIESSee All 3 min read Penalties likely on not completing these PPF, NPS, tax-related tasks by 31 March ....
India rejects USTR findings on taxing foreign digital companies Taxability of the profits will depend upon the period of holding of the securities and classification of the income (Mint) Share Via Read Full Story NEW DELHI : India disagrees with the US Trade Representative’s (USTR’s) conclusion that the 2% tax on foreign digital businesses that New Delhi introduced last April was “unreasonable or discriminatory, commerce secretary Anup Wadhawan said. The USTR probe report on India’s e-commerce tax that warned of withdrawing trade concessions or imposing duties on exports from India stemmed from the fact that US companies now dominate the tech industry, Wadhawan said in a post-budget news briefing. ....
Adviser networks will be the next big thing in India Premium Advisers and distributors alike are thinking seriously about the future of competition and regulation in Indian wealth management Erik Hon Share Via Read Full Story The Indian advisory and distribution industry is following the trajectory of developed markets like the US, the UK and Singapore. Independent advisers and distributors who would like to offer services under a corporate Securities and Exchange Board of India (Sebi) licence are thinking about the most efficient way to move forward. The regulatory push towards professionalisation in this field is only going to increase, and it’s becoming clear that the economics of independent practice will be the most affected. There is a growing realization that it might be better to join forces with other advisers, or an established company, than to try and meet Sebi’s requirements independently. ....