The Indian stock market experienced a significant decline on Friday, August 2, 2024. The BSE Sensex fell by 885.6 points (1.08%) to close at 80,981.95, while the Nifty 50 dropped by 256.7 points (1.03%) to settle at 24,761. The Indian stock market faced a sell-off due to a sharp decline in global markets. The US Read more: Stock Market decline today due to global market sell-off, amid weak global cues..
The Securities and Exchange Board of India (SEBI) has recently proposed certain curbs on the derivatives market (F&O) in an attempt to reduce speculative trading and protect retail investors. However, these proposed measures have raised concerns about a potential increase in dabba trading. Dabba trading is an illegal and unregulated form of trading where trades Read more: SEBI’s proposed F&O curbs have raised concerns about risk of increase in dabba trading..
The Karnataka state tax authorities have withdrawn the pre-show cause notice previously issued to Infosys regarding an alleged ₹32,403 crore GST evasion. NASSCOM comes in support of Infosys, says authorities lack understanding. The notice, which was sent on July 31st, claimed that Infosys had failed to pay Integrated Goods and Services Tax (IGST) on services Read more: Karnataka Tax Authorities withdraw GST notice issued to Infosys, NASSCOM comes in Support of Infosys..