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JAMMU: The Samba police have arrested a drug peddler who aroused suspicion after he deposited counterfeit currency with face value of Rs 9,000, which led to further investigations and subsequent recovery of about 1.9kg of cocaine-like substance valued at Rs 19.4 crore.“On Feb 3, a written complaint was lodged at Bari Brahmana police station by…
Securities Transaction Tax (STT) on derivatives will rise from April 1, 2026, after the Finance minister Sithraman in her 9th budget speech proposed higher rates on futures and options trading as part of Budget 2026 changes to the Finance (No. 2) Act, 2004.Finance Minister Nirmala Sitharaman announced the move while presenting the Budget, saying: “I…
As the Union Budget 2026-2027 draws closer, many market participants are urging the government to rethink capital market taxation and not increase the transaction levies. Ahead of finance minister Nirmala Sitharaman’s Budget presentation on February 1, investors and brokerage firms have pitched for measures, they believe would make long-term investing more attractive, particularly for retail…
AI Image for representation Two American technology companies are fighting over an acquisition, supposedly gone wrong. According to a report in Geekwire, a Washington-based tech company SmarTek21 has sued its New York-based acquisition advisor, TGP GP Management, alleging that it was pushed into a $5.2 million acquisition. SmarTek21 is a longtime technology consulting services company…
Reliance Industries Limited (RIL) has announced that its subsidiary, Reliance Intelligence Limited, will form a joint venture company with Facebook Overseas, a wholly owned arm of Meta Platforms. The new entity is named Reliance Enterprise Intelligence Limited (REIL). According to a company statement, REIL will focus on “developing, marketing and distributing enterprise AI services”. Through…
MUMBAI: UPI (Unified Payments Interface) transactions in September 2025 continued to show strong momentum, with growth evident in both daily transaction counts and values. While the total number of transactions for the month dipped slightly compared to August, the average daily data—adjusted for the shorter 30-day September—indicates a clear upward trend in activity on the…
The National Payments Corporation of India (NPCI) has raised transaction limits on the Unified Payments Interface (UPI) for select categories, making high-value digital payments easier, with the changes coming into effect on September 15.According to NPCI, the per-transaction limit for entities under categories aligned to tax payments has been increased to Rs 5 lakh. The…
