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BENGALURU: Delhivery on Friday said it has brought more than

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BENGALURU: Delhivery on Friday said it has brought more than half of Ecom Express’s volumes onto its platform and shifted all client contracts to what it described as “rational pricing.”

A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Lam Yik

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Diversified conglomerate ITC Ltd on Friday reported a consolidated net profit of Rs 5,343.41 crore for the June 2025 quarter, according to a regulatory filing. The company had posted a

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India’s GDP growth could fall below 6.2% in 2025-26 if the 25% tariff imposed by the US remains in effect beyond September, S&P Global Market Intelligence warned in a report

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I-T ‘survey’ at Nuvama’s premises on Jane St link

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I-T 'survey' at Nuvama's premises on Jane St link
Representational image (Agencies)

MUMBAI: Nuvama Wealth Management said on Thursday that an I-T department survey is ongoing at its registered office, and the company is cooperating with authorities. Business operations continue as usual.Sources said the survey pertains to the firm’s role as a service provider to Jane Street, whose trading strategy came under Sebi scrutiny, triggering regulatory action and a penalty. Nuvama stated that the survey was conducted under Section 133A of the Income Tax Act, which provides for a limited, non-intrusive visit during business hours to inspect records and verify income, without any seizure powers. A survey is distinct from an income tax search (commonly called a raid), which is a coercive action under section 132 to seize undisclosed assets based on credible evidence of tax evasion. Nuvama Wealth Management served as Jane Street’s on-ground trading partner in India, providing the client accounts and infrastructure through which the U.S. quant firm executed its derivatives strategy.On July 3, Sebi barred Jane Street from Indian markets and impounded over Rs 4,800 crore in alleged illegal gains.





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