The State Bank of India (SBI) just dropped a double surprise for its investors, a dividend and a fundraise plan that has the market buzzing. On Saturday, May 3, the PSU heavyweight announced a record-breaking Rs 15.90 dividend per share, a staggering 1,590% on its Rs 1 face value stock, its biggest payout in over
The Oracle of Omaha, Warren Buffett, who is undoubtedly the biggest investor in the world, keeps dropping pearls of wisdom in his annual letters and rare interviews. His wisdom usually shared through quotes in his annual Berkshire Hathaway letters, feels like parental hand holding for investors everywhere. For young Indians navigating the unpredictability that is
The top audit firms have cemented their position in FY25 with India Inc preferring to get their audit work done by Big 6 firms like Deloitte, EY, Grant Thornton, KPMG, BDO, and PwC. Analysis shows that top six audit firms handled 326 assignments of the 483 Nifty-500 companies as on March 2025. Their dominance has
The combined market valuation of seven of the top-10 valued firms surged by Rs 2.31 lakh crore (Rs 2,31,177.3 crore) in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer amid a largely optimistic trend in equities. While Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys and
The Income Tax Department has notified ITR-1 and ITR-4 forms for Assessment Year 2025-26. These forms are meant for individuals and entities with an annual income of up to Rs 50 lakh, marking the beginning of the ITR filing process for Financial Year 2024-25. ALSO READIncome Tax Returns: New ITR-1 form explained – What are
Zoho has suspended its semiconductor chip manufacturing plans. It had planned to invest about $700 million to establish semiconductor manufacturing facilities. The company was unable to find the right technology partner for its semiconductor businesses, Reuters reported. Sridhar Vembu, Zoho’s founder, said in a post on X that the semiconductor manufacturing business is very capital-intensive
When solar and transmission line gearmaker Karamtara Engineering gears up for its IPO, it is not just the market watchers who are paying attention. In fact, bollywood and cricket stars are also in action too. Big names like Ranbir Kapoor, Aamir Khan, Karan Johar, Rohit Sharma, and Jasprit Bumrah have backed the company with multi
The month of May will usher in several financial changes — from an increase in ATM cash withdrawal fees to updated rules for booking railway tickets. The recent RBI repo rate cut will prompt a dip in home loan interest rates while bank mergers in 11 states may affect others. Taxpayers will also be able
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
Quant Mutual Fund is all set to make a first entry into the new-asset class Specialised Investment Fund allowed by Sebi. Founder & CIO Sandeep Tandon tells Ananya Grover that investors should not look at it in isolation but as a combination with other mutual funds. Excerpts: How should an investor look at SIFs from
To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two major rates – 5% and 18%, while a special 40% slab has been introduced for luxury and harmful products or ‘sin goods’.
Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology, is set to deliver its first chip from its outsourced semiconductor assembly and testing (OSAT) facility in Sanand, Gujarat, by the first week of October. The milestone comes less than 11 months after receiving approvals in September last year, reflecting one of the fastest execution timelines in
