Sebi has updated the rules for private InvITs converting to public ones, effective immediately. The changes include revised sponsor holding requirements and standardized disclosure norms to match follow-on offer standards. These adjustments, influenced by industry feedback, aim to protect investors, improve market efficiency, and ensure consistent regulatory practices.
FII selling persisted during the week, indicating broader risk aversion in emerging markets. However, ongoing purchases by DIIs helped mitigate losses. Domestic resilience is shown by strong July GST collections and rising PMI readings.
For salaried employees, taxes are cut by the employer before the salary reaches their account. Freelancers, however, need to handle taxes themselves. Usually, when clients pay freelancers, they deduct 10 per cent TDS and submit it to the government under the freelancer’s PAN.
2026 Mahindra Bolero: Mahindra’s iconic SUV, the Bolero, is all set for a big makeover in 2026. The next-generation model is already in testing, and recent spy shots hint at what’s coming.
Jay Kotak criticized ICICI Bank's hike in minimum balance to Rs 50,000, noting 90% of Indians earn under Rs 25,000 monthly. He suggested a 'Digital First' approach for inclusivity.
Going forward, FPI sentiment is expected to remain "fragile and in risk-off mode," with tariffs and trade negotiations emerging as key factors to watch out for in the coming week
The New Delhi District Consumer Disputes Redressal Commission was hearing a complaint filed by Pinki, alleging that she was provided an “unhygienic, dirty and stained” seat while she was travelling from Baku to New Delhi on January 2 this year
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