The government has garnered Rs 98,681 crore from long term capital gains tax on listed equities in 2022-23, a 15 per cent growth over the previous year, Parliament was informed on Tuesday.

Minister of State for Finance Pankaj Chaudhary gave details of collections from Long Term Capital Gains (LTCG) tax between fiscal 2018-19 and 2022-23 in the Rajya Sabha.

Fintech firm One97 Communications, which owns Paytm brand, sees no impact of lower incentives earmarked by the government in the budget for promoting small ticket digital transactions, a top official of the company said.

Speaking on the sidelines of launching "Card NFC Soundbox" machine, Paytm CEO Vijay Shekhar Sharma denied any impact of lower allocation of incentives to promote small ticket digital transactions on his guidance over profitability this fiscal year.

Two persons were killed and 20 injured as at least 18 coaches of the Howrah-Mumbai Mail derailed in Jharkhand's Seraikela-Kharsawan district early on Tuesday, officials said.

The accident occurred at 3.45 AM near Barabamboo, around 80 km from Jamshedpur, under the Chakradharpur Division of the South Eastern Railway (SER), they said.

JSW Energy on Monday said its arm JSW Neo Energy has secured a 192-MW hybrid power project, including an additional 96 MW under the greenshoe option from Gujarat Urja Vikas Nigam.

The capacity is awarded against tariff-based competitive bids invited for setting up a 500 MW Grid connected Hybrid Power Projects (Phase II), along with a greenshoe option for additional capacity up to 500 MW, a company statement said.

The Union Budget 2024 has introduced an important change in the taxation of rental income from residential property. To curb tax evasion, Finance Minister Nirmala Sitharaman has mandated that such income can only be declared under the 'Income from House Property' (IHP) head and not under the 'Profits and Gains from Business or Profession' (PGBP) category.

The deductions available under "Income from House Property" are different from those under "Profits and Gains from Business or Profession."

Shares of Bharat Heavy Electrical Limited (BHEL), on Monday, July 29, rallied as much as 3.05 per cent to hit an intraday high of Rs 327 per share on NSE.

The surge in the share price came after the company secured Rs 10,000 crore order for 1600MW Damodar Valley Corp project.

Vodafone Idea (Vi) plans to settle its outstanding legacy operational dues to Finland's Nokia, totalling around Rs 1,500 crore, through multiple cash instalments by December 2025, according to a report by The Economic Times.

The report quoted a source as saying, "But the Finnish vendor is yet to accept the proposal."

Former US Vice President Al Gore has endorsed Kamala Harris as the Democratic Party's presidential candidate for the high-stake election in November, citing her long record of standing up against oil and gas executives in support of the middle-class and the climate.

Vice President Harris, 59, launched her presidential campaign hours after incumbent President Joe Biden withdrew from the race for a second term on July 20.

India’s largest cement maker UltraTech Cement on Sunday said it would acquire a 32.72 per cent stake in India Cements from its promoters and their associates. The deal, valued at Rs 3,954 crore, will trigger an open offer, which, if fully subscribed, will raise the total cost for UltraTech to Rs 7,100 crore.

After signing the share-purchase agreements and obtaining regulatory approvals, UltraTech will pay Rs 3,954 crore at Rs 390 per share for the stake in India Cements, the Aditya Birla Group-owned company said in a statement on Sunday.

Tamil Nadu Chief Minister M K Stalin on Saturday launched a sharp attack against the ruling BJP at the Centre over the 2024-25 Union Budget, calling it a 'revenge' taken by the saffron party against the country and warned it will face more electoral defeats since it was committing "mistake after mistake."

Explaining his decision to boycott the Niti Aayog meeting scheduled in New Delhi under the Chairmanship of Prime Minister Narendra Modi on Saturday, Stalin said he was 'compelled' to speak in the people's forum, seeking justice due to the "discriminatory attitude" towards Tamil Nadu reflected in the budget.

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