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A proposed US bill, dubbed 'The One Big Beautiful Bill,' could impose a 3.5% remittance tax on money transfers from the US to India by 2026, impacting Indian immigrants, including H-1B visa holders and permanent residents. This legislation, awaiting Senate approval, may significantly increase the financial burden on the Indian community, potentially costing them over a billion dollars annually.
The state-run telco’s books have benefited from cost-cutting and infrastructure leasing in preceding quarters; in subsequent quarters, net profits may be relatively lower due to heavy infrastructure spending, BSNL head Robert J. Ravi said.
The rupee falls to 85.63 against the dollar due to strengthening American currency and rising crude oil prices
With the Arabian Sea quieting down, the Bay system is expected to anchor monsoon flows in the coming days.
The market opened flat following mixed global cues, with analysts pointing to the critical July 9 deadline when Trump’s temporary 90-day pause on reciprocal tariffs is set to expire
From the Sensex firms, ITC, IndusInd Bank, Nestle, Titan, Kotak Mahindra Bank, Mahindra & Mahindra, Reliance Industries and Maruti were among the laggards
June crude oil futures were trading at ₹5,251 on MCX during the initial hour of trading on Wednesday
According to analysts, Nifty ended lower yesterday in a rather volatile trading session.
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Meanwhile, the dollar index was trading higher by 0.30 per cent at 99.72
Gold price prediction today: Gold prices have fluctuated due to global uncertainties and developments in trade relations, particularly regarding US tariffs. Recent progress in trade negotiations and outflows from gold ETFs suggest a pot ...more
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