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No move to scrap LTCG tax on equities: Govt

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The government has informed Parliament about no current plans to abolish long-term capital gains tax on equities. Tax policies are revised periodically as part of the annual budgetary process and legislative revisions. This statement addresses investor demands for changes in long-term capital gains tax rates. The minister clarified that tax rates for domestic and overseas investors in equities are the same. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YLGHtdI >
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Not referring cases to internal ombudsman a concern: RBI

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RBI deputy governor Swaminathan J expressed concern over banks bypassing internal ombudsman. He stated that many customer grievances resolved by the RBI ombudsman were never referred internally. This situation undermines the purpose of the internal ombudsman framework, he noted. Banks must refer all eligible complaints promptly and without exception to their internal ombudsmen. Effective internal ombudsman performance should naturally reduce external escalations and provide customer resolutions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Dme70t1 >
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IndiGo places over 1,000 engines’ order for A320s

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IndiGo has placed a record order for over one thousand engines. This significant deal is for their 510 Airbus A320neo family aircraft. CFM International will supply the LEAP-1A engines and establish an MRO facility. Honeywell Aerospace will also provide avionics and power systems for these planes. IndiGo plans to double its fleet by the year 2030. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Qx4ptum >
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Inflow boost: Foreign deposits, swaps draw $21bn in 40 days

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Sources undisclosed, mop-up so far 2X speculated amount from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/F2v6InE >
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Private bank chiefs temper NRI deposit mop-up expectations; Top lenders stay cautious, say several factors affect inflows

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/dBMb8VR >
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Top-5 valued firms add Rs 1.54 lakh crore in market cap; TCS emerges biggest gainer

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/FtomQOU >
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Gold, silver under pressure this week as US-Iran conflict, oil rally cloud outlook

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1fNP6jS >
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