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Saturday, November 14, 2026

Office boy faces Rs 1.46 crore tax demand, alleges KYC misuse; why ITAT ruled in his favour

The Income Tax Department initiated reassessment proceedings against a man after receiving information about transactions associated with a pharma company, described in the information available to the tax authorities as the man’s proprietary concern. The bank account records showed debit entries of Rs 1,27,62,500 and credit entries of Rs 18,85,000.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ET5CUDb
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Friday, November 13, 2026

27.1% to 2.6%: India sees one of world’s fastest poverty declines, but there’s a catch

The World Bank currently defines the international extreme poverty line at $3.00 per person per day in 2021 purchasing power parity (PPP) terms. According to the World Poverty Clock, extreme poverty may be considered eliminated when the poverty headcount ratio falls below 3%. With the World Bank estimating India’s extreme poverty rate at about 2% in 2024, India can, on this measure, be considered to have crossed that threshold.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/7CSMPeZ
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Paytm gets RBI prelim nod to operate wallets; shares surge to 52-week high

Paytm's payment segment has secured initial approval from the Reserve Bank of India for its prepaid payment instruments. This milestone has propelled One 97 Communications' stock to soar past the Rs 1,900 mark, reflecting strong market performance. Analysts predict robust revenue growth stemming from the enhanced merchant discount rate framework for UPI transactions, with global brokerage Bernstein naming Paytm as a leading growth prospect in finance.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/WjGAOCK
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Thursday, November 12, 2026

RBI plans to ban private equity firms from holding controlling stakes in multiple NBFCs

The Reserve Bank of India is contemplating a ban on private equity firms holding majority stakes in multiple non-banking financial companies. The planned regulations aim to distinguish between controlling stakes and smaller investments, with the latter facing less scrutiny. Growing foreign investment interest in India's financial sector includes significant deals by major firms such as Blackstone and Temasek.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/WuivSV2
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Which are the top stocks to buy on November 12, 2026?

Top stock market recommendations: IDFC First Bank, Bajaj Holdings And Investment, and TCS are the top stocks to buy as per Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth’s recommendation for November 12, 2026.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Bep1Z8z
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