For the first time in history, gold crossed $3,500 and reached an all-time high level of $3,500.33. But since then, there has been selling pressure at higher levels, and the gold price is currently trading at $3,323. In India, the gold rate today is Rs 95,890 after having made an all-time high of Rs 98,713 in
Now, you will have to pay 1% TCS (tax collected at source) on the purchase of luxury goods like handbags, wrist watches, footwear, high-end sportswear and art objects costing more than Rs 10 lakh. The Income Tax Department has issued a notification stating that 1% TCS will be imposed on sale of certain luxury goods
Suzlon Energy Ltd on Wednesday announced that it has consolidated its largest partnership with NTPC Green Energy Ltd (NGEL) to 1,544 MW, with a recent award win of 378 MW wind energy project. In a regulatory filing, the company said that the win strengthens Suzlon’s undisputed market leadership and commitment to sustainable, large‐scale growth. As
The Havells India share is down a whopping 3% in an otherwise positive market. In fact, most analysts believe there is some amount of profit booking in the stock after the recent run-up in the share price. The share price of Havells India has rallied 13% in the past 30 days. Good news for investors-
Trade unions and various associations of pensioners have long been demanding an increase in the pension amount under the Employees’ Pension Scheme (EPS). The Employees Provident Fund Organisation (EPFO) in 2014 fixed the minimum guaranteed pension at Rs 1,000 for those EPFO members who contribute to the pension scheme for at least 10 years. However
Eyeing a strong recovery, the cement industry is expected to report volume growth of 5-6 per cent YoY in Q4FY25, stated a report by Nomura. This, it added, will be on the back of improved demand and channel stocking. “Within our coverage universe, we expect Ultratech and Ambuja to have recorded the highest volume growth
The seasoned investor, who is also known as ‘Big Whale’ of stock markets, Ashish Kacholia, has sold a 1.4% stake in Awfis Space Solutions in the last quarter of FY25. In the quarter ending December 31, 2025, the investor was holding a 3.9% stake in the company. He brought it down to 2.5% in Q4
Warren Buffett rightly known as the world’s top investor, has wealth greater than $130 billion. But he didn’t make his riches by knowing it all—his wealth comes from real life experiences and deep knowledge in a few areas. He calls it his “circle of competence,” a core principle behind every investment he makes. Before we
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
