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Global markets experienced a downturn on Monday. Stocks and precious metals saw significant losses. The Japanese yen weakened considerably. This sentiment follows a volatile week and precedes crucial central bank decisions and economic reports. Investors are adjusting expectations amid these developments.
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News and Media
India's recent hike in Securities Transaction Tax (STT) on futures and options has triggered a significant market downturn, mirroring a similar event in 2004. The move, aimed at curbing speculation, has increased trading costs for all participants, impacting brokers and foreign investors particularly hard.
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News and Media
The budget introduces a significant change in how share buybacks are taxed. Individual shareholders will now pay a lower 12.5% tax on buyback proceeds, moving from dividend taxation to capital gains. Promoters will face different rates, with foreign promoters taxed at 30% and Indian promoters at 22%.
Category:
News and Media
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