Page 85 - Tcs News Today

Despite concerns about global slowdown and earnings growth risks, the information technology (IT) sector has contributed significantly to the benchmark Nifty 50s gains in the last six months. IT stocks have outperformed banks and helped the index surpass the 20,000-mark. Eight out of ten constituents of the Nifty IT index have delivered double-digit returns. The gains have been driven by short covering and fresh bullish positions. The sustainability of this momentum will depend on the September ...

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The Indian commercial real estate sector has shown resilience and sustained growth despite global headwinds. Office space absorption in key markets during the September quarter reached its highest level in 18 months. Gross leasing activity also surpassed pre-pandemic levels, with the manufacturing sector leading the way. The strong demand is driven by Indias tech ecosystem, which is experiencing increased offshoring and research and development work.

Starting October 1, 2023, new tax collection at source (TCS) rates will affect various financial transactions, such as international travel, investments in foreign assets, and educational expenses abroad. Under the Liberalised Remittance Scheme (LRS), individuals can remit up to $250,000 in a financial year.

Whether you are packing your bags for travel or heading to another country for studies, know the new Tax Collection at Source (TCS) rules that go into effect on October 1. Virender Bisht, Co-founder & CTO at Niyo breaks down the implications

Parents sending money for other living expenses will face the 20% TCS unless they can prove it is for educational purposes. To mitigate the impact, parents can use international cards, maintain transaction records, use the correct LRS code, and be prepared for income tax returns.

GPUs are the highways AI requires. Companies are therefore petitioning the Centre to invest in the vital compute infrastructure so that local startups can compete and win meaningfully in the frenetic global AI race.

Starting from October 1, 2023, Indian residents investing in foreign assets will be subject to a Tax Collected at Source (TCS) of 20% on foreign remittances exceeding Rs 7 lakh. This change in tax regulations will impact those investing in international stocks or planning to acquire real estate abroad.

The dividend, if declared, will be paid to the equity shareholders of TCS whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on record date.Shares of TCS will likely trade ex-dividend on the day or a day before the record date.

Top firms lose ₹62,586.88 crore in market valuation as bearish trend in equity markets continues. TCS and Infosys hit hardest.