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TCS: Travel agents body calls for abolishing TCS ahead of its implementation from Oct 1

The Travel Agents Association of India (TAAI) has appealed to the Indian government to abolish or defer the implementation of the new Tax Collection at Source (TCS) on foreign remittances until the next fiscal year. The TCS, which has been raised from 5% to 20% on foreign remittances under the Liberalised Remittance Scheme, will be applicable to international travel and other remittances. ....

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Infosys to start next appraisal cycle, but salary hikes from last cycle still pending

India Business News: During an earnings conference following the first quarter, Infosys' Chief Financial Officer, Nilanjan Roy, indicated that roll out of annual hikes was ....

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nifty: Nifty may bounce back from 19,500 level but won't sustain above 19,900-20,000: Aamar Singh Deo

Nifty is facing a crucial support zone at 19,500-19,600. While there may be a bounce back, it is likely to be limited and not sustain above the 19,900, 20,000 level due to selling pressure. The Bank Nifty is also seeing similar patterns of selling pressure and is technically weaker than the Nifty. Additionally, the FMCG and IT sectors are facing consolidation and lack of upside momentum. ....

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