The government on Tuesday sought to address a significant concern stemming from the 2024-25 Budget announcement by introducing flexibility in the computation of long-term capital gains (LTCG) tax on unlisted assets, including properties.

For any assets, such as land or buildings, sold before July 23, taxpayers can choose between the new and old regimes, opting for whichever results in a lower tax liability.

Following 15 years at power, Bangladesh’s ‘Iron lady’ Sheikh Hasina was forced to resign and leave the country as widespread anti-government protests surged on Monday.

The streets of Dhaka, which had been marred by violence and turmoil for the past three weeks, erupted in celebration after her departure.

The Indian government is not considering any relaxation in the tax demand it sent to Infosys last month, according to a government source.

The tax demand is in accordance to the good and services tax rules and the country's second-largest IT services firm has sought ten days to submit its response after meeting tax officials, the source said.

The Supreme Court on Tuesday said it has ordered listing of a plea challenging the verdict of the Bombay High Court which had upheld a decision of a Mumbai college to impose a ban on wearing of 'hijab', 'burqa' and 'naqab' inside the campus.

The high court had on June 26 refused to interfere with the decision of the Chembur Trombay Education Society's N G Acharya and D K Marathe College imposing the ban, saying such rules do not violate students' fundamental rights.

Lok Sabha Speaker Om Birla on Tuesday informed the lower house of Parliament that External Affairs Minister S Jaishankar will make a statement on the situation in Bangladesh.

Birla informed the House after Question Hour concluded that Jaishankar will make a suo moto statement at 3.30 pm in Lok Sabha.

Telecom major Bharti Airtel reported a sharp 158 per cent year-on-year (Y-o-Y) jump in net profit — attributable to owners — for the first quarter of financial year 2024-25. This comes amid greater focus on cost efficiencies, rising number of 4G and 5G users, and continued growth in the Wi-Fi category.

Beating industry estimates, the telco’s net profit for Q1FY25 reached Rs 4,159 crore, up from Rs 1,612 crore in the year-ago period. Sequentially, the profit more than doubled. It was Rs 2,071 crore in the previous quarter.

The Delhi High Court made clear that it will deliver its judgment on Delhi Chief Minister Arvind Kejriwal's petitions on Monday. These petitions challenged his arrest and sought bail in connection with the Central Bureau of Investigation (CBI) case concerning the Excise Policy matter.

On Monday, Arvind Kejriwal's legal team mentioned the matter before the bench of Justices Neena Bansal Krishna, urging the court to expedite the decision on his petitions. The bench stated that it scheduled the pronouncement of judgment for 2:30 p.m. on the same day.

Shares of PCBL hit a new high of Rs 390, gaining 3.5 per cent on the BSE in Monday’s intra-day trade amid heavy volumes in otherwise a weak market on healthy business outlook. The stock of RP-Sanjiv Goenka group company has surged 50 per cent in past nine trading days. In past two months, the stock zoomed 86 per cent.

At 10:29 am; PCBL was trading 2.7 per cent higher at Rs 387.25, as compared to 1.8 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped nearly three-fold. A combined 16.84 million equity shares representing 4.5 per cent of total equity have changed hands on the NSE and BSE.

The Rs 1.46 trillion Bajaj Group is preparing to foray into healthcare through a chain of hospitals, according to reports.

The healthcare business venture is likely to be headed by Nirav Bajaj, who currently oversees corporate strategy at Mukand. However, the investment plans have not yet been finalised.

Equity market benchmark indices Sensex and Nifty tumbled in early trade on August 5 in line with extremely weak trends in global markets amid fears of a slowdown in the U.S .economy and foreign fund outflows.

The 30-share BSE Sensex tanked 2,401.49 points to 78,580.46 in early trade. The NSE Nifty tumbled 489.65 points to 24,228.05.

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