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While the I-T Act can be used to claim tax on 10-year old undisclosed income, the Black Money (BM) Act empowers the tax department to go after assets that were acquired decades ago but discovered now.

Inflation, rising interest rates and crude prices have caused market declines in both equity and bond markets globally. There is no shortage of opinions linking high inflation/interest rates with low market levels. But is the negative relationship as straightforward as we think? Could there be room for nuance

The Dow Jones Industrial Average declined 10 points, or 0.03%. The S&P 500 fell 0.01% and the Nasdaq Composite was higher 0.08%.

​The government implemented 30 per cent flat taxation in gains from the sale of crypto assets from April 1, 2022, and levied one per cent TDS on all crypto transactions since July 1, 2022.Market participants believe that despite a panic among the crypto investors, the froth has settled

A small positive candle that is placed beside the long positive candle of the previous session indicates a range-bound movement in the market after a pullback rally. This also reflects a lack of selling interest in the last couple of sessions after a sharp reversal on the downside on August 19 and August 22, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

“The operating cost of most banks, including smaller ones, are rising 25-30% or 25-28%. Fresh slippages have been rising for large banks and will be the same for smaller banks as well. Business growth for the banking sector is a challenge. Credit growth has gone up to 13-14% largely because of rising commodity prices.”

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The 30-share pack Sensex rose 54.13 points but managed to end the session above the 59,000 mark. Its broader peer, Nifty50, advanced 27.45 points to top 17,600 level.

The Nifty Pharma index closed 0.31 per cent down at 12644.0.

"DriveX has a vision to bring a change in this segment by building trust, assurance, and transparency through end-to-end, high-quality products and customer experience through innovative solutions. We are confident of DriveX ability to deliver on this vision," TVS Motor Company Managing Director Sudarshan Venu said in a statement.