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The Minister of State for Finance in Lok Sabha on Monday said, “As per the provisions of the proposed section 115BBH to the Income-tax Act 1961, loss from the transfer of VDA (Virtual Digital Assets) will not be allowed to be set off against the income arising from transfer of another VDA.”

The plan is free of any brokerage charge for all customers under 30, including delivery trades and intraday trades across equity, currency, commodity and F&O segments. Though the broker will charge an annual fee of Rs 499 for this plan.

Goyal said the company will do 10-minute delivery through “a dense finishing stations’ network” located near high-demand customer neighbourhoods.

In particular, he added, "if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting or meetings, we will do so."

Bankers aware of the development said Jio’s latest fundraise via an offshore loan will also underline global investor confidence in India’s telecom market leader, regardless of the troubled geopolitics in the aftermath of the Russian invasion of Ukraine.

Simultaneously, the NBFC is seeking to mop up an offshore loan to fund the buy-back programme, which in turn would help save up to 200 basis points in capital costs.

“We are headed to a late cycle – a period in which there is high inflation and both bonds and equities are not doing too well. Thanks to inflation, even the cash will hurt. But there is a way to get 6-7% easily. It is for six more months and this is what I am doing with my own money also and, of course, for the folks that I manage this money for.”

“We as a house would continue to be very favourably inclined and bullish on equities. If you have a two-three-year investment horizon, this correction that has happened is a golden opportunity to get into a long position from a two-three-year perspective. There is a truck load of money to be made.”

IT bellwethers TCS and Infosys Technologies together added Rs 41,058.98 crore to their market valuations.

This week, in the absence of any major event, global cues like Russia-Ukraine war, Covid situation in China and movement of crude oil will remain in focus. Besides, participants will also be eyeing FII flows for cues.