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Under the new tax regime, the rebate for income tax has been increased to Rs 7 lakh from the earlier limit of up to Rs 5 lakh. The budget announced that the new income tax regime will now be the default regime, but taxpayers can opt for the old regime. Now anyone earning up to Rs 7.5 lakh is kept outside the purview of income tax

In Q3, steel companies also saw a decline in their profit, which led to a further fall in stock prices. Tata Steel in Q3 FY23 reported a consolidated net loss of Rs 2,224 crore for the December quarter, while the company had posted a profit of Rs 9,572 crore in the last-year same period

Similarly, more recently, when prices of some of these specific scrips started to fall because of certain market information, regulators were active through the ASM mechanism. In my opinion, our markets have a robust existing framework to shortlist scrip under ASM

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The Mumbai-based Union Bank of India witnessed a 107 per cent rise in net profit at Rs 2,245 crore, while Chennai-based Indian Bank reported a 102 per cent increase at Rs 1,396 crore for the October-December period of 2022

Once selling eased in Nifty50, after coming close to 200-DMA, an upswing evolved in the broad market, helped by relief rallies in Adani group stocks, as well as other related segments and stocks which had sold off on fearing exposure to the group stocks.

Finance Minister Nirmala Sitharaman has announced an increase in capital investment outlay by 33% to Rs 10 lakh crore in her Budget speech on February 1>> For more such web stories click on the ET icon below

Some countries have adopted favourable tax policies towards cryptocurrencies, while others have implemented strict regulations. In this article, we will examine the crypto tax policies of several nations and see how they handle this evolving asset class

One of the prominent reasons for this net outflow is higher valuation of Indian equities as against some of the other comparable markets. This has resulted in investments flowing out of Indian markets to other comparable markets such as Taiwan, South Korea, Japan among others, Srivastava said

“I continue to believe that life insurance is a good long term story especially given the penetration. There is already a conversation that there will be a different type of product and HDFC has talked about it. Fundamentally, the government has been looking to plug in all products where there was a tax arbitrage. I think most people will not just buy insurance for tax.”