New Delhi: The Government on Friday lowered the securities transaction tax (STT) to 0.1 per cent, a move that will bring down costs of equity transactions. STT, which was introduced in 2004, is levied on the sale and purchase of equities. "In order to reduce transaction costs in the capital markets, I propose reduction in the STT by 20 per cent (from 0.125 per cent to 0.1 per cent) on...
02:15 PM, Mar 16, 2012
New Delhi: Stock exchanges on Tuesday pitched for abolition of the Securities Transaction Tax (STT) on equity trades at their meeting with Finance Ministry officials in New Delhi. The issue of removal of STT was raised by representatives of different stock exchanges, including BSE, National Stock Exchange, MCX-SX and USE. Besides, the officials of the market regulator Securities and Exchange Board of India (SEBI) were also present in the meeting....
09:18 PM, Feb 07, 2012
New Delhi: Indicating signs of possible funds related to crime and terror trickling into the Indian casino sector, a government report has said that more than 7,000 instances of suspicious transactions have been detected in the elite gaming business during the last financial year. A total of 7,006 Suspicious Transaction Reports (STRs) during the 2010-11 fiscal have been reported by the casino business and allied payment operators to the Financial...
12:59 PM, Jan 22, 2012
Panaji: Election Commission of India's Goa office on Monday began monitoring of money transactions through banks. Chief Electoral Officer S Kumarswamy told on Monday that any transaction above Rs 2.5 lakh through the bank would be monitored. Flying squads will apprehend the person and seek documents related to the money withdrawn or deposited. The Commission has also decided to take the help of Income Tax officials to scrutinise such transactions....
12:28 AM, Jan 17, 2012
New Delhi: As Internet penetration is increasing and e-commerce becoming more secure, the number of people transacting online is expected to touch 39 million by 2015, says a study. According to the study by financial services firm Avendus, this will also provide a further fillip to the Indian e-commerce market which is estimated to grow to USD 24 billion by 2015 from USD 6.3 billion now. At present, about 8-10...
12:11 PM, Nov 28, 2011
London: In yet another blow to WikiLeaks, Visa Europe on Tuesday said it has begun suspending payments to the whistle-blowing website ahead of carrying out an investigation into the organisation. Visa is the latest company to cut its links with Wikileaks, following online payment firm PayPal. It cut off the account used to collect donations, saying the website is engaged in illegal activity. Wikileaks relies on online donations to fund...
08:53 PM, Dec 07, 2010
Stock Brokers were disappointed over absence of relief on corporate tax. ...
04:01 PM, Jul 06, 2009
The Budget assures high growth for the $1.2 trillion economy once again. ...
01:01 PM, Jul 06, 2009
Many capital market reforms in pipeline with Finance Ministry. ...
04:10 PM, Jun 09, 2009
If removed, India will be one of the cheapest stock transaction markets. ...
03:34 AM, Jun 09, 2009
Confession has been allegedly acquired by CID from trusted Raju aide. ...
11:55 AM, Jan 25, 2009
During a cash crunch, many companies look for ways to make an extra buck. ...
09:04 PM, Oct 13, 2008
Department tipped on commodity exchanges illegal transactions and huge transactions in gold trading. ...
08:49 PM, Jun 19, 2007
The controversial Banking Cash Transaction Tax is likely to stay in the next fiscal as well. ...
10:01 PM, Feb 11, 2007
The Jet-Sahara courtroom battle never ends. Now Sahara wants Jet to buyout the airline or pay Rs 3020 crore. ...
01:36 AM, Nov 25, 2006
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
