NPS Calculator: The National Pension System (NPS) has gained recognition as a prominent retirement planning instrument for employees in both the public and private sectors across the nation. It is specifically designed to promote long-term savings for retirement, offering an effective means to accumulate a pension corpus. For individuals seeking to secure a pension through
The Goods and Services Tax (GST) Council is expected to consider a proposal to remove GST (goods and services tax) on premiums for term life and health insurance. The proposal, if approved, will offer a significant relief to policyholders and support the insurance sector by lowering costs. The Group of Ministers (GoM) on GST recently
Varun Beverages, one of the largest bottling partners of PepsiCo, on Tuesday reported a profit growth of 23.7 per cent for the third quarter of CY2024 at Rs 619.61 crore in comparison to Rs 501.07 crore recorded during the corresponding quarter of last year. It posted revenue from operations at Rs 4932.06 crore, up 25.3
One 97 Communications Ltd, the parent company of Paytm, on Tuesday reported its fiscal second quarter earnings with profit at Rs 928.30 crore, in comparison to a loss of Rs 290.50 crore during the corresponding quarter of previous financial year. “With a one-time exceptional gain of Rs 1,345 crore, on account of sale of entertainment
Mazagon Dock Shipyards fell as much as 6.2% to an intra-day low of Rs 4,375.35 ahead of the board meeting for declaring Q2 results. The stock has fallen 25% from an all-time high of Rs 5,860. Recently, the company announced that its Board of Directors will meet to consider an interim dividend for FY25 and
Ola Electric Mobility’s share price rose over 4% in early trade on Tuesday after the company announced that it had resolved most complaints received from the Central Consumer Protection Authority (CCPA). The stock spiked as much as 4.45%, reaching a high of ₹85.30 on the Bombay Stock Exchange (BSE). Resolution of Complaints The electric two-wheeler
Shares of Share Samadhan Limited rose over 3%, reaching an intra-day high of Rs 77.22 on the BSE after the company announced that it secured a contract for litigation funding consulting related to emerging claims, including damages estimated at approximately Rs 1,240 crore. The engagement will operate on a success-fee basis, with final fees tied
Amid a stalemate in the Maha Vikas Aghadi (MVA) over seat-sharing for the upcoming Maharashtra assembly polls, allies Congress and Shiv Sena (UBT) met with Nationalist Congress Party (Sharad Pawar faction) chief Sharad Pawar on Sunday. Deliberations aimed at finalising a seat-sharing deal are expected to conclude in the next day or two, according to
The Union Cabinet, headed by Prime Minister Narendra Modi, on March 28 approved a 2% increase in the dearness allowance (DA) for central employees and dearness relief (DR) for pensioners, according to sources. This hike in DA and DR will be effective retrospectively from January 1, 2025, for over 1 crore serving central government employees
All income tax offices will remain open on March 29-31 (Saturday, Sunday and Monday) across the country to facilitate taxpayers in completing all their pending tax-related work for the ongoing financial year (FY2024-25), according to an official order from the Central Board of Direct Taxes (CBDT). This year’s Eid-al-Fitr festival, which marks the end of
In important news for the Indian IT companies, Nomura has maintained a ‘Buy’ rating on Cognizant with a target price of $97 per share. According to the brokerage, Cognizant is undergoing a strategic transformation aimed at accelerating growth, leveraging AI, and expanding its market share. The brokerage believes the IT major is on track to
Auto stocks continue to be in focus as the US announces a 25% tariff on auto imports. According to Nomura, the immediate impact of tariffs could lead to significant price hikes by OEMs, as they will take time to explore alternatives. This may have an impact on demand as well. Given the significantly higher wages
The stock market is full of action right now. If you’re unsure where to focus, here’s a simple update on the latest news surrounding various stocks. You can watch these stocks to catch all the important developments. Earlier on Thursday the NSE Nifty 50 closed the session 105 points or 0.45% higher at 23,592, while
