[ad_1] NEW DELHI: HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore … Read more
[ad_1] NEW DELHI: Optimism is returning for India’s information-technology companies as easing odds of a recession in the US and the emergence of artificial intelligence as a potential new source of revenue drive a rebound in their stocks.The NSE Nifty IT Index has climbed 18% from an April low, adding about $46 billion in market … Read more
[ad_1] NEW DELHI: The income tax department on Friday said it will “duly consider” cases where linking of PAN with Aadhaar is yet to happen despite individuals giving their consent and having paid the fee.The last day for linking PAN with biometric Aadhaar on paying a late fee of Rs 1,000 is June 30, 2023. … Read more
[ad_1] Stocks To Watch On June 30: The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 19,191, up 105 points or 0.55% from the previous close. TCS: Tata Consultancy Services (TCS) has banned six employees and six business associate firms for violating ethical conduct … Read more
[ad_1] The changes were expected to take place from July 1. The transactions conducted via international credit cards while abroad will not be counted under the Liberalised Remittance Scheme and will not be subject to TCS even after October 1. There will be no change in the higher Tax Collected at Source (TCS) rate on … Read more
[ad_1] Credit card spending overseas will not attract TCS from October 1 (File) New Delhi: The government on Wednesday said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS. Also, the implementation of a higher rate of tax collected at source (TCS) … Read more
[ad_1] BENGALURU: Infosys, India’s No.2 IT services provider, signed a $454-million deal with Denmark’s Danske Bank, it said on Monday, days after bigger rival Tata Consultancy Services announced a mega-contract amid a slowdown in the IT services industry.The deal, which includes Infosys acquiring Danske Bank’s IT centre in India, is for five years with an … Read more
[ad_1] Last Updated: June 22, 2023, 08:30 IST Stocks to Watch on June 22: The Nifty futures contract traded on the Singapore Exchange indicates a positive/negative start to domestic equities. The contract was trading at 18,884.50, down 24.5 points or 0.13% from the previous close. TCS: The IT services major signed contract worth $1.1 billion with … Read more
[ad_1] New Delhi: Jimmy Tata is the younger brother of the former Tata Sons chairman Ratan Tata and the son of Naval Tata. He prefers to avoid the spotlight and the media. A few months ago, Ratan Tata wished his brother Jimmy Naval Tata a happy birthday by sending him a black-and-white photo of himself. He … Read more
[ad_1] Published By: Business Desk Last Updated: June 11, 2023, 16:45 IST Under the LRS, remittances below Rs 7 lakh for educational purposes will not be subject to TCS (Representative image) It’s important to note that TCS is not an independent tax. The Union Budget for 2023, presented by Finance Minister Nirmala Sitharaman in February, … Read more