APThe Dow Jones Industrial Average rose 1.91 points, or 0.01%, at the open to 33,854.57. The S&P 500 opened 1.92 points higher, or 0.04%, at 4,374.94, while the Nasdaq Composite gained 0.61 points, or 0.01%, to 13,592.36 at the opening bell.
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Tax on Overseas Credit Card Spends Held BackOverseas credit card spending will not face tax collected at source (TCS) as it will not be counted under the Liberalised Remittance Scheme (LRS), the finance ministry said on Wednesday. Overseas transfers up to ₹7 lakh under the scheme will also not face TCS.
Sebi Board OKs Stricter Disclosure Rules for FPIsThe board of the Securities and Exchange Board of India on Wednesday approved tighter disclosure rules for foreign portfolio investors (FPIs), to curb misuse of overseas investment routes and prevent violation of public shareholding regulations.
GQG Partners, Others Invest $1b in Two Adani CosAdani Group on Wednesday sold shares in listed companies Adani Enterprises and Adani Green Energy in an open market transaction to raise ₹8,372 crore ($1 billion).
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