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Web Server Hosting Delta Corp, Nazara Tech Among Gaming Stocks Tank 16% After Supreme Court Upholds 28% GST http://dlvr.it/TSmfWl Arise Server

#GamingStocks #GST #DeltaCorp #NazaraTech #SupremeCourt

In a recent legal development, the Goa Bench of the Bombay High Court has issued a directive that restricts tax authorities from making defi

The recent developments involving Delta Corp and the Bombay High Court in Goa have added complexity and uncertainty to the taxation landscape for gaming companies. The court’s directive places restrictions on tax authorities, signaling a potential shift in how tax disputes in this sector are handled. The significant tax liability, coupled with the impact of GST changes, underscores the challenges faced by gaming companies in India. As the legal proceedings unfold, the industry will closely monitor the implications of this decision on the taxation of gaming activities.

#business #finance #deltacorp #bombay #taxation

https://bigul.co/en/index.php/delta-corp-faces-gst-demand-notices-totaling-nearly-rs-17000-crore/

#DeltaCorp #Delta #GST #Tax #Casinos #DeltaCorpDilemma #StockMarket #stockmarketcrash #nifty #banknifty

Delta Corp, India's casino giant, hit by a ₹16,822 crore GST storm amidst a valuation surge. 🌪️💰 Read More 👇 https://bit.ly/48upr47

#DeltaCorp #Delta #GST #Tax #Casinos #DeltaCorpDilemma #StockMarket #stockmarketcrash #nifty #banknifty

On Tuesday, August 22, 2023, a total of 11 stocks have been placed under a trade ban in the futures and options (F&O) segment by the National Stock Exchange (NSE). This decision comes as these securities have exceeded 95% of the market-wide position limit (MWPL) under the F&O segment. However, these stocks will still be available for trading in the cash market.Stocks Under F&O BanThe following 11 stocks have been included in the F&O ban list by the NSE:- Steel Authority of India (SAIL)- Metropolis Healthcare Ltd- Chambal Fertilizers and Chemicals- Gujarat Narmada Valley Fertilizers And Chemicals Limited- Delta Corp- Hindustan Copper- India Cements- Indiabulls Housing Finance- Punjab National Bank- Manappuram Finance- Zee Entertainment Enterprises LtdReason for F&O BanThe NSE updates the list of securities in the F&O ban on a daily basis. This action is taken when derivative contracts for specific securities surpass 95% of the market-wide position limit. Consequently, these securities are placed under the ban period by the stock exchange.Trading GuidelinesThe NSE has issued guidelines for trading during the F&O ban period. Clients and members are permitted to trade in the derivative contracts of the mentioned security only to reduce their positions through offsetting transactions. Any increase in open positions during this period will lead to appropriate penal and disciplinary actions.Restrictions on Fresh PositionsDuring the F&O ban period, no fresh positions are allowed for any of the F&O contracts in the particular stock. This measure aims to ensure controlled trading activity and maintain market stability.Positive Market MovementDespite the F&O ban on certain stocks, domestic benchmark indices Sensex and Nifty50 displayed positive performance on Monday, August 21. This marked a break from their two-day losing streak, thanks to encouraging global cues.ConclusionThe imposition of the F&O ban on these 11 stocks underscores the NSE's commitment to maintaining healthy trading practices and preventing excessive market speculation. Traders and investors should adhere to the prescribed guidelines during the ban period to ensure compliance and stability in the market.Disclaimer: The information provided here is for informational purposes only and should not be construed as investment advice. Always consult with financial professionals before making investment decisions.