Business

At 9:49 a.m. ET (1449 GMT), the Dow Jones Industrial Average gained 0.25 percent to 24,406.14. The S&P 500 rose 0.2 percent to 2,654.25 and the Nasdaq 0.4 percent to 6,993.47.

On the Luxembourg-based Bitstamp exchange, Bitcoin fell as low as $6,853.53 in early afternoon trading in New York. That marked a fall of more than half from a peak of almost $20,000 hit in December.

The last week's budget proposal of 10 percent long-term capital gains (LTCG) tax on equities and overshooting of fiscal deficit target also quashed investor optimism.

According to the commerce and industry minister, the policy is being designed in a way that it will adequately adress the future needs of industry and that prior attempts in 1956 and 1991 were driven by "ideology" or formulated at a time of financial cris...

Stocks had opened down as the government's proposal to impose a 10 per cent long term capital gains tax on equity gains of over Rs 1 lakh hit triggered profit booking in frontline stocks.

In its social security section, the BJP had promised to “provide higher tax relief for the family member taking care of the disabled”.

India’s investment in R&D is woefully short when compared to other nations. The 2018 Economic Survey report, which was released on Monday, outlines how far behind India is falling.

Arun Jaitley in his last Budget reduced rate of income tax to 5% from an erstwhile rate of 10% in the income slab of 2.5 lakh per annum to 5 lakh per annum.

The real GDP or GDP at constant (2011-12) prices for the years 2016-17 and 2015-16 stands at Rs 121.96 lakh crore and Rs 113.86 lakh crore respectively, showing growth of 7.1 per cent during 2016-17 and 8.2 per cent during 2015-16, the CSO said.

Income Tax is the amount of money you pay as tax depending on the tax slab you fall under in accordance with your income.

Under a state government initiative, started in 2013, four teams of peasants will travel to Spain, France, New Zealand, Australia, Brazil and Argentina this year. Each teams comprises 20 farmers and the first group will embark on a foreign tour in March.

Indian Oil's net profit surged 97 percent to 78.83 billion rupees ($1.24 billion) in the quarter ended December 31, from 39.95 billion rupees a year earlier.

The survey said, “About 0.6 percent of firms, accounting for 38 percent of total turnover, 87 percent of exports, and 63 percent of GST liability are what might be called in the “hard core” formal sector in the sense of being both in the tax and social se...

Eminent banker Uday Kotak, who was in Davos to attend the World Economic Forum (WEF) Annual Meeting, said urgent steps are needed to further bolster the macroeconomic scenario, saying challenges have started emerging on that front.

The BSE Sensex ended the session at 36,161.64, up 21.66 points or 0.06 per cent; and the NSE Nifty closed at 11,086, higher by 2.30 points or 0.02 per cent.

Twenty-six-year-old Singh, who addressed the forum on 'Private Public Partnership and Its Future in India' on Wednesday, is the youngest among four business delegates selected from India for the annual meet.