Business

The Income Tax Department had focused on the gross winnings figure without taking into account the corresponding buy-ins. (Image for representative purpose only) You play online games – you win some money and you lose some money. How does the taxation on your wins and losses work? The Income Tax Appellate Tribunal (ITAT) Bangalore has … Read more

Seven OPEC+ members took the decision at a virtual meeting on September 6. OPEC+ on Sunday decided to keep its oil production targets unchanged for October, as the group assesses the impact of ongoing conflicts in West Asia and disruptions to oil exports through the Strait of Hormuz.Seven OPEC+ members, Saudi Arabia, Russia, Iraq, Kuwait, … Read more

Bren​​t surged 7.8% last week.​ Oil prices extended gains on Monday as fresh strikes between the US and Iran targeting vessels in and around the Strait of Hormuz heightened concerns over prolonged disruptions to Middle East oil supplies.Brent crude futures rose 52 cents, or 0.54%, to $96.80 a barrel by 2354 GMT, while US West … Read more

The pre-open session will continue to operate between 9 AM and 9:15 AM. After making changes to the closing session methodology, the National Stock Exchange (NSE) is now set to revise its order-entry rules for the equity market’s pre-open session from September 7. While the overall 15-minute pre-open period will remain unchanged, the rules governing … Read more

China to pump $54 billion into state banks, insurers BEIJING: China’s finance ministry will lead a combined $54 billion in capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.China Life Insurance (Group) Co, the country’s largest life insurer, … Read more

VCs, celebrities bet on AI startups in media, sports NEW DELHI: Artificial intelligence investment is widening beyond enterprise software and chip bets, and one of the areas money is increasingly flowing into is media, entertainment and sports. In India, venture capital firms, private equity investors, family offices and celebrities are backing startups using AI to … Read more

Telangana RERA found that the builder had misrepresented the villa’s total area. (Image for representative purpose only) You give down payment for a home, but at the time of the sale agreement you realise that the builder did not deliver on the promised area that was advertised. What happens then? A recent Telangana RERA ruling … Read more

Where are gold and silver prices headed this week Gold and silver could remain volatile this week as investors weigh US inflation data against changing expectations for interest rates, while crude oil prices and geopolitical developments in the Middle East add to the list of factors influencing bullion markets, analysts said.The focus will be on … Read more

The roots of the resilience lie in India’s domestic consumption-led growth story that provides an important cushion. India’s growth story is a hot topic of discussion these days. How has one of the world’s largest economies managed to cushion the blow of the US-Iran war to still grow at 7.8%? What measures have helped the … Read more

The stock market is likely to remain sensitive to global developments, with the West Asia conflict, crude oil prices and US inflation data emerging as key factors for investors. The stock market is likely to remain sensitive to global cues in the upcoming week, with developments in the Middle East conflict, crude oil prices and … Read more