Geopolitical developments between India and Pakistan, quarterly earnings and macro data will be the key drivers of stock markets in the holiday-shortened week, say analysts. Trading activity of foreign investors, who were sustained buyers in the Indian market last week, and global trends would also guide movement in the market, they said. Equity markets will
Salaried employees who file their income tax returns (ITRs) every year should be aware that the tax department has introduced some changes in the format of Form 16 related to tax deduction and perquisites. The changes effected in the Form 16 format will ensure that the information about different taxes, deductions, and exemptions on salary
Nestle India released its fourth quarter results for FY25 on Thursday wherein it posted profit for the period at Rs 873.46 crore, missing estimates. This was down 6.50 per cent in comparison to Rs 934.17 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 5503.88 crore, posting a growth
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
Is the charm of equity markets declining? Well, as per the recent AMFI data, the net inflows to equity mutual funds have dropped to 12-month lows, and this is the fourth consecutive month of lower inflows. The April inflows are at Rs 24,269.26 crore, down over 3% from March inflow of Rs 25,082.01 crore. Himanshu
The deal pipeline of technology stocks has been in focus. After a mixed Q4 show, April seems to be rather disappointing for the IT services players. As per the latest report by BNP Paribas, deal-wins have seen a significant slowdown in April compared to March. They further stated that most deal wins were related to
The overall markets are under pressure but there are some pockets with steady rally. While fighter jets and missiles have long dominated the narrative of border clashes, it is India’s drone fleet that is now garnering attention of both the battlefield and the stock market. As military tensions with Pakistan escalated this week, shares of
Prices of real estate in the surrounding areas of Jewar airport in Noida have nearly doubled in the last three years with property developers vying with one another to pick up land parcels. About 390 acres of land near the Noida International airport, along the Yamuna Expressway, has been snapped up in last 12 months, according
Reliance Jio continued to lead the monthly mobile subscriber additions for the second month in a row, registering 2.17 million new users in March, according to the data released by the Telecom Regulatory Authority of India (Trai). Bharti Airtel, country’s second largest telco, added 1.25 million subscribers during the month. After losing 20,720 subscribers in
