A recent tax law change is making share buybacks more expensive for investors. Effective October 1, 2024, the tax on share buybacks, previously paid by the company, will now be the responsibility of the shareholder. Key Changes and Their Impact Strategies to Reduce Your Tax Hit Since you can’t directly lower the tax on the … Read more
U.S. tariffs are hitting fertilizer shipments hard, according to The Mosaic Company, a leading producer of key crop fertilizers. The company reported that phosphate deliveries to the U.S. are “tracking well below last year” because of these tariffs. This has had a direct impact on Mosaic’s finances, leading to an $8 million loss in its … Read more
The 2024 Union Budget has completely changed the tax landscape for share buybacks in India, a move that directly impacts investors’ financial strategies. Effective October 1, 2024, the tax liability for buybacks has shifted from the company to the individual shareholder. This fundamental change requires investors to reassess their portfolios and tax planning. What Has … Read more
Jio BlackRock Asset Management has launched five new index funds through a New Fund Offering (NFO). This is the company’s first suite of passive investment products. The NFO began on August 5 and will close on August 12. Here’s a breakdown of the new funds: You can invest in these funds through the JioFinance app … Read more
This news roundup from August 4, 2025, covers a wide range of topics, from the RBI’s economic decisions to celebrity-led business ventures. Economy and Markets The RBI Monetary Policy Committee has begun its August meeting, with market watchers anticipating a potential rate cut. While inflation has moderated, global uncertainty is causing a split in opinion … Read more
Directorate of Enforcement (ED), Headquarters Office, New Delhihas conducted search operationson 01st and 02nd August 2025 at multiple locations in Delhi, Mumbai, Gurugram, Ludhiana, Ahmedabad,Bhavnagar, Bhuj, and Kolkata under the Prevention of Money Laundering Act (PMLA), 2002. The searchoperations are part of an ongoing investigation into the illegal profits made by certain entities/persons byindulging in … Read more
Starting today, August 1, India’s financial sector is undergoing significant changes across several key areas, including UPI, credit cards, banking laws, and market trading hours. These updates, driven by the RBI, NPCI, and the government, aim to enhance system efficiency, improve governance, and provide better user protection. UPI Rules Tighten with Daily Limits and Fixed … Read more
The Income Tax Department has rolled out the Excel utility for ITR-3 for the financial year 2024-25 (Assessment Year 2025-26), introducing several crucial updates for taxpayers, particularly stock market traders. Here’s a breakdown of the key modifications in the ITR-3 Excel utility: 1. Capital Gains Reporting Gets Granular: 2. Enhanced TDS (Tax Deducted at Source) … Read more
A significant business update sent shares of Remsons Industries, a small-cap multibagger stock, soaring over 4% in early trading on Monday. The stock hit an intraday high of ₹157 on the BSE. Strategic Partnership Boosts Remsons The surge followed Remsons Industries’ announcement of a Strategic Technical License Agreement with AUSUS Automotive Systems do Brasil LTDA, … Read more
Paytm shares tumbled 10% on Thursday, June 12, 2025, hitting a low of Rs 864.20. This sharp decline followed speculation that the Indian government might reintroduce the Merchant Discount Rate (MDR) on UPI payments. However, the Finance Ministry quickly dismissed these reports as “false, baseless, and misleading,” reaffirming that no MDR has been imposed on … Read more