AgenciesThe Dow Jones Industrial Average fell 22.02 points, or 0.06%, at the open to 33,965.16. The S&P 500 opened higher by 12.94 points, or 0.31%, at 4,164.26, while the Nasdaq Composite gained 76.83 points, or 0.63%, to 12,234.56 at the opening bell.
Tuesday, 18 Apr, 2023- Front Page
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- Investors Dump IT Stocks to End 9-Day Rally on D-Street
India’s equity benchmarks dropped on Monday, snapping their nine-day winning streak, after a selloff in IT shares led by Infosys soured investor sentiment. The stock market however managed to close off the trading session’s lows as other global markets mostly ended higher.
I-T Sends Notices Over Donations to Charitable TrustsThe income tax department has sent notices to about 8,000 taxpayers who have made large donations to charitable trusts, suspecting them to be attempts at tax evasion. Data analytics suggested these taxpayers were making donations disproportionate to their income and expenditure, officials told ET.
India Loses ICT Levy Dispute at WTOIndia suffered a setback at the World Trade Organization (WTO), with a panel ruling against the import duty levied by New Delhi on a wide range of information and communications technology (ICT) products, including mobile phones.
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