Finance Bill 2023 has introduced an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains.
Posts in category Business Standard
IDFC First Bank partners Crunchfish to demonstrate offline retail payments (27-03-2023)
IDFC First Bank on Monday said it has partnered with Swedish company Crunchfish to pilot a project to demonstrate offline retail payments.
IDFC First Bank, is set to be a part of RBI’s pilot project to enable offline payments, the private sector lender said, adding that the project will give access to digital payments even when there is no network.
The unique digital payment solution was designed by Crunchfish for merchants and customers under the RBI’s Regulatory Sandbox Program, IDFC First Bank said in a release.
“This project will provide support for offline retail payments based on a Digital Cash platform to the payment ecosystem of India. IDFC FIRST Bank will be one of the first few banks to be a part of this pilot project by HDFC Bank,” it said.
The application was approved by the RBI to demonstrate offline payments between two banks. The Development and Demonstration Agreement which is a non-commercial agreement has now been signed to give IDFC First Bank access to the Digit
India’s m-cap falls below $3 trn-mark; analysts see bumpy road ahead (27-03-2023)
So far in 2023, benchmark indices the S&P BSE Sensex and Nifty50 have tumbled up to 6.4 per cent, eroding India’s m-cap by nearly $300 billion
Morepen Labs zooms 18% on USFDA nod with NIL observations for HP facility (27-03-2023)
Earlier this month, the company had incorporated a wholly-owned subsidiary, Morepen RX.
Avalon Technologies IPO opens next week: Check GMP, other details here (27-03-2023)
Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share
Realty shares in focus; Godrej Properties, Indiabulls, Sobha hit 52-wk lows (27-03-2023)
Media reports suggested that stamp duty may be increased by 1% in Maharashtra along with a hike in ready reckoner rates.
Butterfly Gandhimathi slips 5% on merger with Crompton Greaves Consumer (27-03-2023)
Crompton Greaves will issue 22 fully paid up shares of Rs 2 each for every five fully paid up shares of Rs 10 each of Butterfly
Gold price remain steady at Rs 59,840, silver rises Rs 100 to Rs 73,400 (27-03-2023)
The price of ten grams of 22-carat gold also remained unchanged to Rs 54,850
Stock Market Live: SGX Nifty jumps 80pts; Asian shares, US futures firm (27-03-2023)
Stock market live updates: As of 8:05 am, the SGX Nifty suggested a gap-up open at 17,007 levels, up over 50 points
Traders can adopt ‘buy-on-dips’ strategy for Nifty: Ravi Nathani (27-03-2023)
According to the technical analyst, the best trading strategy for traders would be to buy on dips with a strict stop loss of 16,800 on a closing basis for Nifty