The Lok Sabha has approved the Income Tax Bill 2025, a significant reform designed to simplify the tax system for individuals and companies. This revised bill incorporates recommendations from a parliamentary select committee, addressing ambiguities and easing compliance burdens.
Donald Trump declared that gold imports would not face additional tariffs, resolving market uncertainty triggered by a US Customs letter. The letter had suggested duties on standard gold bars, sparking concerns about disrupting global supply chains and causing a surge in gold prices.
Norway’s sovereign wealth fund, the world’s largest, is divesting from 11 Israeli companies due to the worsening humanitarian crisis in Gaza. The decision, prompted by increased scrutiny and government review, follows reports of investments in companies linked to the conflict, including a manufacturer of fighter jet parts.
Real Estate Investment Trusts (REITs) offer an accessible avenue for Indians to invest in income-generating properties without direct ownership. Modelled on mutual funds, REITs pool investor money into residential or commercial properties, distributing proceeds as dividends. Listed on stock exchanges and regulated by SEBI, REITs provide liquidity and diversification.
India has banned jute product imports from Bangladesh via land routes, now only permitted through Nhava Sheva seaport, escalating trade tensions. This action, detailed by the DGFT, impacts jute fabrics, ropes, and sacks. Previous restrictions targeted garments and processed foods. These measures follow strained relations, including concerns over minority attacks and remarks by Bangladesh’s interim…
China South City, a major Chinese construction firm, faces liquidation following a Hong Kong High Court order, mirroring the Evergrande situation and highlighting the ongoing property sector crisis. Despite restructuring attempts and keepwell deeds from Shenzhen SEZ, the court deemed progress insufficient.
Despite Trump’s threat of 50% tariffs on Indian goods and Russian oil purchases, Indian stock markets have been resilient, driven by strong performances in key sectors and fresh foreign fund inflows. Market sentiment improved following the announcement of a US-Russia summit to discuss the Ukraine conflict, coupled with robust domestic mutual fund inflows and attractive…
Nvidia and AMD have reportedly agreed to give 15% of their chip sales revenue from China to the US government to resume sales of specific AI chips. This arrangement comes after Washington halted advanced chip sales to China in April. Nvidia hopes export control rules will allow America to compete globally.
