MUMBAI: Sensex rose for the fifth consecutive session on Wednesday, resulting in the benchmark index gaining 4,055 points or 5.5% during this stretch. FPIs have played a key role in this run, having turned net buyers.After a muted start to the session, the index reversed course as the US mid-term election results began pointing to…
MUMBAI: With chances of a diplomatic resolution to the US-Iran conflict rising after the Democratic sweep of the mid-term elections, oil prices dipped on Wednesday. In evening trades, Brent crude was down 2.8% at just above the psychologically important $100 level, down from $117 level last week. Falling crude prices also had a positive impact…
NEW DELHI: Industry body Ficci has sought restoration of long-term capital gains tax (LTCG) exemption on listed securities, while “appropriately” raising the securities transaction tax (STT) on delivery-based transactions to protect govt revenue.During a pre-budget meeting with revenue secretary Arvind Shrivastava on Wednesday, the industry lobby group also suggested that the regime should be maintained…
NEW DELHI: Cabinet Wednesday approved a Rs 2,814 crore scheme to boost domestic processing of lithium and nickel, reducing dependence on imports of critical minerals.PM Narendra Modi said India cannot afford to depend on other countries for processing such materials. The scheme would encourage domestic investment and secure future supplies, he wrote on X.Union ministry…
American voters have handed control of the US Congress to the opposition Democratic Party. US President Donald Trump has suffered a major blow in midterm elections with Republicans losing control of both the House of Representatives and the Senate.In a significant rebuke to Trump, American voters on Tuesday handed control of the US Congress to…
The overall basket of nuts and dry fruits has become 25-40% more expensive year-on-year. Your dry fruits box this Diwali may look very different! With the cost of dry fruits going up, retailers are looking at alternatives to fill in the boxes this time.For example, pistachios are becoming increasingly scarce in Diwali gift hampers this…
While the tax system uses various section numbers, almost every notice a taxpayer receives falls into one of five common categories. By Archit GuptaEvery ITR filing season, when an email from the Income Tax Department lands in someone’s inbox, the immediate reaction is panic. People instinctively view a tax notice as a challenge to their…
The increase in import duty has changed the cost dynamics of gold supply in India. (Image for representative purpose only) India, the world’s second-largest gold market, is seeing a significant change in the way gold enters the country. The increase in import duty from 6% to 15% has made official imports more expensive, prompting a…
Both Democrats and Republicans have increasingly backed economic nationalism. (Image for representative purpose only) What does Democrats’ win in US midterm elections mean for India-US trade deal prospects? Will Donald Trump be forced to change his strategy?The unfavourable midterm election outcome is unlikely to prompt President Donald Trump to change course on trade, according to…
Gold is likely to trade in a $3,860-4,100 range this week, which is roughly Rs 1,36,500-1,45,500 on MCX. Gold price prediction today: Gold prices may trade sideways with some support from festive season buying, though the demand remains weak, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. Here’s…
Experts believe that a strong win by Democrats would be a short-term positive for Indian stock markets. (Image for representative purpose only) Investors are closely watching the US midterm elections for indications of whether the outcome could help reduce geopolitical uncertainty worldwide, an important factor shaping the outlook for equity markets.The polls decide which party…
The US dollar fell sharply against major currencies on Wednesday as early results from the US midterm elections showed Democrats making strong gains in their bid to wrest control of Congress from President Donald Trump’s Republicans. Investors sold stocks, moved away from the dollar and sought the safety of US Treasuries. The euro rose 0.5%…
