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Budget 2026: Buy back proceeds will be taxed as capital gains for shareholders, but promoters pay an extra price

The budget has announced a major overhaul in the taxation of share buybacks, shifting them from dividend taxation to the capital gains framework, while imposing a higher effective tax on promoters to curb misuse of the route. Once legislated, it will apply to buy backs after April 1.The silver linings: Many shareholders could end up…

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Crude oil deal: Trump says Venezuela to hand over 30–50 million barrels; proceeds under US control

President Donald Trump said on Tuesday that Venezuela’s interim authorities would transfer between 30 million and 50 million barrels of oil to the United States, with the crude to be sold at market prices and the proceeds controlled by the US government.“I am pleased to announce that the Interim Authorities in Venezuela will be turning…

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Six firms get Sebi nod for IPOs: Lenskart, Wakefit among them; proceeds to fund expansion and brand initiatives and more

Lenskart, Wakefit get Sebi nod for IPOs Lenskart Solutions Ltd and five other companies, including Wakefit Innovations Ltd, have received Sebi’s approval for their initial public offerings (IPOs), according to a recent market regulator update.The regulatory approval was granted to Tenneco Clean Air India, Waterways Leisure Tourism (Cordelia Cruises operator), Shree Ram Twistex, and Lamtuf…

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Shawls, sculptures and more: Gifts received by PM Modi up for auction; proceeds to support Namami Gange project | India News

NEW DELHI: Prime Minister Narendra Modi on Wednesday urged citizens to participate in the 7th edition of the PM’s Mementoes E-Auction, which features gifts he has received over the years during official programmes. The proceeds from the auction will be directed to the Namami Gange Project, aimed at cleaning and conserving the Ganga River.“Over the…

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