Business

The Central Board of Direct Taxes (CBDT) has launched a probe into possible tax evasion and laundering of unaccounted income through investments in virtual digital assets (VDAs), including high-risk VDA transactions and cryptocurrencies, sources in the government said on Thursday. The tax authority is currently verifying individuals and entities engaged in high-risk VDA transactions who … Read more

on Friday affirmed (TML) Ba1 corporate family rating (CFR) while holding the rating outlook to remain positive. Separately, the company’s subsidiary Jaguar Land Rover Automotive Plc (JLR) ratings was also upgraded. India’s largest EV maker by market share saw its JLR’s corporate family rating (CFR) rise to Ba1 from Ba2 and the probability of default … Read more

The Israel-Iran military conflict may lead to a further increase in prices of imported nuts and in India by exacerbating supply issues, said traders. The commodities, sourced from Afghanistan and Iran, have already seen a 15-100% surge in prices as imports through Pakistan have been completely blocked in the aftermath of the April 22 Pahalgam … Read more

Indore (Madhya Pradesh): MP Industrial Development Corporation (MPIDC) is going to set up a dedicated textile and apparel hub – ‘Ahilya Garments City – in Budi Barlai village of the district. With an estimated investment of ₹584cr, the hub is expected to create 12,000 new jobs. MPIDC has provided 12 hectares to Arvind Group and 12.5 … Read more

The crypto market is moving fast, with several projects capturing attention for their future potential. As we move closer to 2025, some names are gaining traction due to strong use cases and technological advances. While crypto markets are always unpredictable, identifying the most promising cryptos in 2025 could help users understand which platforms are likely … Read more

Information Technology (IT) services giant Wipro has relocated its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia, marking a strategic shift in its regional operations. The Bengaluru-headquartered company has simultaneously appointed Mohamed Mousa as the new Managing Director for the Middle East region, who will operate from the newly established Riyadh headquarters, … Read more

Domestic brokerage firm Ventura Securities has suggest to short BSE Ltd in its recent note. However, the stock has seen some correction in the stock recently, falling nearly 10 per cent. But the broking firm sees more downside in the stock in the coming session. It has cited five techno-funda reasons for its call. Shares … Read more

ArisInfra, a B2B ecommerce firm operating in the infrastructure supply chain sector, has filed its red herring prospectus (RHP) to raise INR 499.6 crore through an initial public offering, nearly seven months after receiving regulatory approval from SEBI. The IPO, which comprises only a fresh issue of shares, will open for subscription on June 18 … Read more

If you’ve been keeping an eye on borrowing costs lately—especially personal loans—you’ve probably asked yourself: Are rates getting better? The short answer: yes, they’re heading south. But there’s more to the story than just a dip in percentages. Let’s break it down in plain terms—what’s behind the shift, how it impacts you, and how to … Read more

Benchmark stock indices Sensex and Nifty took a severe beating on Friday morning, in line with Asian peers, as attack on Iran’s nuclear facilities by Israel sent Brent crude oil soaring by 13 per cent, hurting investor sentiment. OMC stocks BPCL, HPCL and IOC fell up to 4 per cent. Markets across Japan, mainland China, … Read more