Several factors are working to drive the current rally, the most important one being expectations of relief on long term capital gains (LTCG) tax for investors. Indian equity markets recorded their sharpest single-day rise in seven months on Thursday, supported by a decline in oil prices following the Democrats’ sweeping victory in the US midterm…
The potential impact on market activity is another important consideration for doing away with LTCG. The State Bank of India (SBI) in its recent research report has listed ways in which the government can look at doing away with the long term capital gains (LTCG) tax without taking a major hit on its revenue collections.The…
The flood of talent returning to India is faced with a harsh reality. Salary figures in India are not as fat. US President Donald Trump’s immigration and visa crackdown, AI-led layoffs in the technology sector and rising uncertainty on H-1B visas and green card backlog is prompting a hoard of Indians to return.But, life is…
NEW DELHI: Bharti Airtel Thursday reported a profit of Rs 10,710 crore this Q2, up 24% from Rs 8,651 crore in same period last fiscal. Its consolidated revenue from operations rose 16.7% to Rs 60,878 crore compared to Rs 52,145 crore in the year-ago Q2. The leading telecom player’s share price closed 0.2% down at…
How Chinese siblings struck gold in the stock market A stock market debut has delivered a billion-dollar glow-up for a former elementary school teacher and his sister in China, turning them into billionaires after shares of their adhesive products company skyrocketed nearly eightfold on their first day of trading.Michael Mai, 62, who once taught at…
Tata Sons Chairman Chandrasekaran meets Italian PM Meloni after Iveco acquisition NEW DELHI: Tata Sons chairman N Chandrasekaran met Italian Prime Minister Giorgia Meloni at Palazzo Chigi in Rome, with the Indian conglomerate’s acquisition of Italian commercial vehicle maker Iveco Group featuring prominently in their discussions.The meeting comes as India and Italy look to deepen…
Smartphones to get costlier NEW DELHI: Thinking of buying a new smartphone? You might want to hurry!Artificial intelligence has already shaken up your work life, changed your daily task flows and even sparked conversations about jobs and the future of work. Now, it is about to hit your budgets.The AI boom could soon make buying…
The tax officer noticed discrepancies while examining the insurance documents that the man submitted to support his explanation. (Image for representative purpose only) An insurance agent based in Rajasthan came under the Income Tax Department’s scrutiny for alleged unexplained cash deposits in his bank account. The agent claimed these were payments for premiums of policyholders.The…
A buy-on-dips strategy appears favourable heading into the festive week, with strict stop-loss placed below the previous week’s low of 138,000. Gold and silver price prediction today: Gold and silver prices have recovered from recent lows but may face some upside resistance, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. Here…
Fireworks on Dalal Street Stock market today: Dalal Street brought an early Diwali bonanza for investors on Thursday, with Sensex soaring over 1,600 points and Nifty50 gaining 2% in early trade. The rally added over Rs 6.9 lakh crore to investors’ wealth, as easing crude oil prices, renewed foreign investor buying and improving global sentiment…
Stock market extended its winning streak for the fifth consecutive session on Wednesday, with the Sensex climbing nearly 384 points to close above the 77,000 mark. Buying in blue-chip financial, FMCG and automobile stocks, continued foreign fund inflows and easing crude oil prices supported the rally. The BSE Sensex gained 384 points to settle at…
BENGALURU: A Democratic majority in Congress may shift the tone of the US immigration debate, but it is unlikely to bring immediate policy relief for Indian technology professionals or employers.Experts believe a Democratic victory could help temper anti-immigrant sentiment and the political rhetoric targeting Indian technology professionals, creating a more favourable environment for skilled immigration…
