The government has issued a formal notification initiating a probe into the dumping of certain alloy and non-alloy steel products into India for imposing safeguard duties. The products singled out for the probe include Hot Rolled (HR) coils, sheets and plates, HR Plate Mill Plates, Cold Rolled coils and sheets, and Metallic Coated Steel coils
Real Estate Investment Trusts (REITs) are the safest way to hold a stake in real estate amid the country’s encouraging growth rate that can make India the world’s largest investment region in the sector in two decades, experts said. Speakers at Money Conclave 2024 in the city noted that investments in real estate required a
Over 15% of India’s high networth individuals (HNIs) are under 30, driven by startup unicorns, IPOs, and tech-driven ventures. This number is expected to rise to 25% by 2030, said a new report. Also ReadPush for domestic solar cells seen to inflate project costs About 20% of the Indian millionaires are under 40, said a
With increasing demand for algo trading, the markets regulator has proposed reviewing the framework to strengthen the checks and balances in the system. While retail investors have been dabbling in algo, not many are aware of the complexities in this trading system dominated by institutional investors. In algo trading, pre-defined computer programs execute multiple trades
With the advent of social media and the race for page views, fake news has become increasingly prevalent. Every day, we come across dozens of social media posts and videos making fake claims to tarnish the image of someone or spreading blatant lies, such as false announcements about government schemes supposedly launched for the benefit
The benchmark indices fell 1.5% on Friday, marking their fifth consecutive day of decline in line with global peers and worst weekly loss since June 2022, as foreign investors shifted to safe-haven dollar assets. The Sensex lost 1,176.46 points or 1.49% to close at 78,041.59, while the NSE Nifty declined 364.20 points or 1.52% to
Tractor maker Carraro India’s IPO has opened. The company aims to raise over Rs 1800 crore and reiterated that it is in India for the longer term. The company highlighted that the demand scenario seems favourable for the tractor markets given improving market dynamics. Most analysts have suggested that the IPO is a subscribe for
Mirae Asset Mutual Fund has marked a significant milestone of crossing Rs 2 lakh crore in assets under management (AUM), thanks to a rapid growth in the past three years. With this, the fund house Mirae Asset Investment Managers (India) Pvt Ltd has cemented its position among the top 10 asset management companies in India
8th Pay Commission: The salary structure for central government employees in India has evolved significantly over the years — from Rs 55 per month in 1946 to Rs 18,000 per month currently. Various pay panels recommended salary and pension hikes periodically, taking into consideration various economic factors from time to time. Each Pay Commission aimed
Tax-Saver Fixed Deposits (FDs), Equity Linked Saving Schemes (ELSS), and the National Savings Certificate (NSC) are among the most popular tax-saving investment options under Section 80C of the Income Tax Act, 1961. Assesses opting for the Old Tax Regime can claim deductions of up to Rs 1.50 lakh on these investments, making them an essential part of
The government has invited applications for the position of chairperson at the Insurance Regulatory and Development Authority of India (IRDAI) as the tenure of the current chairman, Debasish Panda, will conclude on March 13, 2025. The deadline for the submission of applications is April 6, per the notification from the Department of Financial Services, Ministry
The cement industry will look at a robust revival in 2025 with expectations of improvement in sales realisation, higher margins and acceleration in demand. Most brokerage reports indicate that pent-up demand, renewed capex pus, and sustained momentum in the housing sector are going to drive up demand. The fact that cement prices too are holding
The difficulties for Bhavish Aggarwal seem to be growing as he expands stores. Ola Electric’s share price plunged 4.4% intra-day to Rs 54.03. This is after the company came under scrutiny over reportedly not having a trade certificate for dealerships. Ola Electric’s dealership stores were raided by transport authorities across different states, showrooms were closed
