On 2021's first Monday, Sensex hit a lifetime high of 48,168 and Nifty rose to a new high of 14,116. The revenue department is looking to seek information from stock exchanges and KYC Registration Agencies (KRAs) on share and stock related transactions. As per Edelweiss Research, Indian IT companies are poised to report their best Q3 in a decade on the back of highest-ever order books. Read for more top stories from the world of business and economy:
TCS, ONGC, SBI, L&T, Infosys, HCL Tech, ICICI Bank and Axis Bank were among the gainers. On the other hand, HDFC, Asian Paints and Reliance Industries were among the laggards.
The revenue department has already started sharing such information among its wings - direct tax, indirect tax and customs departments.
The government refused to repeal the three farm laws and asked the union leaders to point out what they considered objectionable.
India's unemployed count rose to 38.7 million in December compared to 27.4 million in November, registering an increase of 11.3 million.
Infosys and TCS are expected to lead the pack with 5-6% QoQ growth, followed by HCL Tech and Wipro (3-4%), and Tech Mahindra (1.8%) in US dollar terms, as per Edelweiss Research report.