April 25, 2026 07:43 am (IST)
Follow us:
Concerns over Mauritius tax treaty pulls down markets on Wednesday
Mumbai, May 11 (IBNS) Indian markets ended lower at close of business on Wednesday following the central government's decision to amend its tax treaty with Mauritius allowing for the taxation of capital gains tax on investments channelled through it and weak global cues, media reported.
On Wednesday, Sensex fell 175.51 points to 25597.02 and Nifty fell 38.95 points to 7848.85.
Some of the top gainers for the day were Axis Bank, Asian Paints, Maruti, NTPC and L&T while Bharti, SBI, Dr Reddy's Labs, Tata Motors and BHEL were major losers.
The Supreme Court on Wednesday struck down TRAI's mandate to telecom companies asking them to compensate users for call drops.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Vee Technologies’ engineering division delivers 3,000th fire truck design for the US
Fri, Apr 24 2026
Nissan Motor India, Avis India announce partnership for leasing and subscription-based solutions
Fri, Apr 24 2026
Infosys shares extend losses to 6% post Q4 results
Fri, Apr 24 2026
Meta to cut 8,000 jobs: Reports
Fri, Apr 24 2026
As Tim Cook steps down, Sundar Pichai’s reaction grabs attention
Wed, Apr 22 2026