April 29, 2025 11:18 am (IST)
Follow us:
Concerns over Mauritius tax treaty pulls down markets on Wednesday
Mumbai, May 11 (IBNS) Indian markets ended lower at close of business on Wednesday following the central government's decision to amend its tax treaty with Mauritius allowing for the taxation of capital gains tax on investments channelled through it and weak global cues, media reported.
On Wednesday, Sensex fell 175.51 points to 25597.02 and Nifty fell 38.95 points to 7848.85.
Some of the top gainers for the day were Axis Bank, Asian Paints, Maruti, NTPC and L&T while Bharti, SBI, Dr Reddy's Labs, Tata Motors and BHEL were major losers.
The Supreme Court on Wednesday struck down TRAI's mandate to telecom companies asking them to compensate users for call drops.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Smart Borrowing: Plan Your Finances Effortlessly with the L&T Finance Personal Loan EMI Calculator
Mon, Apr 28 2025
Term Insurance Adoption Among Women in India Increases to 18%
Mon, Apr 28 2025
Why Second-Hand Car Loans Are a Smart Move for Budget Buyers?
Mon, Apr 28 2025
India’s forex reserves jump $8.31 billion to $686.15 billion
Sun, Apr 27 2025
India's business sentiment holds firm in Q4 FY25; firms signal optimism on demand and hiring: NCAER
Fri, Apr 25 2025
Reliance Industries Q4FY25 profit rises 6.4% to Rs 22,611 crore; full-year revenue crosses Rs 10.7 lakh crore
Fri, Apr 25 2025