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iPhone 17 At Rs 79,999, iPhone 15 At 62,999: Deals, Discounts At Flipkart Shopping Utsav

Apple's iPhone 17 and iPhone 15 are available at discounted prices during Flipkart's Shopping Utsav Sale, offering buyers an opportunity to purchase the smartphones at lower prices through bank offers and exchange benefits.  The final price of both smartphones may vary depending on the payment method, eligibility for bank offers and the exchange value of an old device. Buyers can combine eligible promotional benefits, where permitted, to reduce the overall purchase cost. iPhone 17 Gets Major Price Reduction The Apple iPhone 17 (256GB) carries an MRP of Rs 99,900 but can be purchased for an effective price of around Rs 79,999 during the sale. Eligible customers can avail themselves of instant discounts on select ICICI Bank and Axis Bank credit cards, subject to the applicable terms and conditions. An additional exchange bonus of up to Rs 3,000 is available on eligible devices, over and above the exchange value of the old smartphone. Customers trading in higher-value devi...
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Rs 40,000 Crore Boost: Deepak Shenoy Highlights Success Of G-Sec Tax Relief For FIIs

The Centre's move to grant tax relief to foreign instututional investors (FIIs) earning income from government securities has been an instant success, with market veteran Deepak Shenoy pointing to additional inflows of about Rs 40,000 crore within days of the decision being taken.

The G-Sec tax relief for FIIs was announced on June 5. Shenoy, who heads Capitalmind Mutual Fund, said overseas invesotors raise their holdings in government bonds sharply by June 15.

The G-Sec holding of FIIs stood at Rs 3,23,802 crore as of June 1, and increased to Rs 3,63,760 crore in the next fortnight, he pointed out. "40,000 cr has now come into GSecs from FPIs after we have removed tax on capital gains and interest for them earlier this month (sic)," Shenoy posted on X.

Notably, the Income-tax (Amendment) Ordinance, 2026, promulgated on June 5, waives taxes on interest income and any capital gains resulting from the sale, exchange, or transfer of these government securities. Crucially, this tax relief is backdated to take effect from April 1, 2026.

The government's decision came after foreign investors pulled out over Rs 2.6 lakh crore from equities so far this year, which is much higher than Rs 1.66 lakh crore withdrawn in the entire 2025.

In the equity market, FIIs have stayed net sellers in June so far. The sell-off in the month stands at Rs 53,022 crore, which is sharper as compared to Rs 32,963-crore shares they offloaded in May.

ALSO READ: Don't Panic At 100/$: Arvind Panagariya Urges RBI To Let Rupee Depreciate



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