Beyond Financial News

Graphite is the first mineral Coal India Limited (CIL) will diversify its operations beyond coal, following an order from the Ministry of Mines granting the company a composite license for prospecting and mining. This license pertains to the Khattali Chhoti Graphite Block in Alirajpur, Madhya Pradesh. «This is the first mineral other than coal for us,» Debasish Nanda, Director of Business Development at Coal India, told PTI. CIL is required to pay a mining premium of 150.05 per cent of the value of minerals dispatched to the state government.

Reliance earnings because what we are gauging from our experts is that the Street will start looking beyond this time's numbers. Though the O2C has been the biggest drag this time, do you believe that the street will start pencilling in that it could improve in the times ahead and the stock price could have some breather on the back of this? Deven Choksey: Minus the refining cracks where probably the maximum amount of hurt has come on the EBITDA, I guess the numbers are a steady set of numbers. Generally, in the commodity-driven business, and overall, refining cracks have been down, this is bound to happen that you are on a larger base likely to see some dent in the EBITDA. But I do not think that this is going to be a permanent feature.

Stocks that traded heavily or had substantial price changes on Thursday: Domino’s Pizza, Beyond Meat fall; Chuy’s, Warner Bros

At 12:12 p.m., the public issue was subscribed 1.55 times. The retail category was subscribed 1.94 times, while the NII portion garnered 2.7 times bids. There were no bids from qualified institutional buyers so far.

JSW Infrastructure on Wednesday posted a net profit of Rs 295 crore for the fiscal's first quarter, down by 8.5%, dragged by higher expenses. Its revenue from operations for the April-June quarter rose to Rs 1,009.77 crore from Rs 878.10 crore in the year-ago period, it said in a BSE filing.

A senior CR official told TOI stated that this adjustment would enhance overall operational efficiency. Currently, Central Railway operates 894 services on its main line, including 623 slow services and 271 fast services, with many starting from Chhatrapati Shivaji Maharaj Terminus (CSMT).

Budget 2024, scheduled in July, one may expect the government to continue with its objective of moving towards a simplified tax system through the new tax regime (NTR) that was introduced in Union Budget 2020-21. With a view to make the NTR more attractive for individual taxpayers, the government could consider taking measures such as increasing the standard deduction limit from Rs 50,000 to Rs 100,000; including health insurance premium (u/s 80D) in this regime and enhancing the deduction limit available to promote adoption of adequate health insurance cover. Besides, an increase in deduction limit for employer's contribution to the National Pension System (NPS) u/s 80CCD(2) from 10% of basic salary to 14% will be a welcome move. The enhancement of this deduction will ensure parity with the provision applicable for central and state government employees and would provide an option for enhanced tax saving under the new tax regime, along with promoting long-term retirement savings. However, in case the government continues with the old tax regime as an option, it will be important to rationalise some of the tax provisions. One such provision will be to consider Bengaluru as a «metro city» for the purpose of HRA exemption in Budget 2024.

The coming U.S. presidential election, with the growing prospect of a return of Donald Trump to the White House, promises to have profound repercussions for Europe’s security, future trans-Atlantic relations and the conflict in Ukraine—changes with which European leaders are starting to grapple. Trump’s pick of Sen.

United Airlines has reported higher profit in the second quarter, thanks to record crowds at U.S. airports

The total compensation and benefits for the 4,300 employees at the Financial Industry Regulatory Authority Inc. in 2023 was – on average – $233,500 per worker, according to the self-regulatory organization’s annual report.

French drugmaker Sanofi plans to invest ₹400 million (about ₹3,600 crore) over the next six years to expand its global capability centre (GCC) in Hyderabad by increasing the headcount and further developing the facility. Of the total, ₹100 million will be invested by the end of 2025. Over the next two years, Sanofi plans to more than double the headcount at the Hyderabad GCC to 2,600 employees, making the centre the largest of its four hubs globally. The company employs about 1,000 people in Hyderabad. The Hyderabad GCC will support Sanofi's global operations spanning commercial, manufacturing, supply chain research and development (R&D) and digitalisation. The GCC in India will help the company bring some of outsourced functions in-house, giving it more control over critical operations like manufacturing, commercial and R&D.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. It is now proven beyond doubt that India needs a new imagination of how to govern her cities. The last decade finally saw the emergence of the city as a political agenda and a significant increase in investments in urban infrastructure and services. But the narrowly focused, mission- and scheme-led development of our cities across both the Union and state governments is not delivering the desired results.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. The term ‘welfare’ in economics has a long history, with different schools of thought defining the term in different ways. The modern usage of the term typically associates it with a system wherein the government bears a major responsibility for providing socioeconomic security to citizens. Over the years, the term has also attracted criticism, as critics have associated it with excessive or unnecessary government intervention.

NEW DELHI : With the taxman coming under fire for filing late appeals, experts say there is an urgent need for a strong tax dispute resolution mechanism to simplify litigation and ensure timely closure of the cases. On 10 July, Chief Justice of India D.Y. Chandrachud rejected the income tax department's appeal against a Delhi high court order in favour of Xerox India because the plea was filed 215 days late.

Tesla CEO Elon Musk appears to be confirming a report that the company’s much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug. 8 date

Even though there are about three weeks left for the ITR filing deadline, many tax filers have been faced with major tech issues when using the Income Tax Department’s. These include basic glitches like logging into the e-filing portal to resetting the password to big ones like discrepancy in pre-filled data in ITR forms and difficulty in e-verification. Chartered accountant associations have been writing to the tax department asking them to rectify these issues at the earliest.

Following a weeks-long survey process and months of anticipation after that, InvestmentNews is proud to reveal its list of 5-Star Broker-Dealers for 2024.

Estate planning platform wealth.com has expanded its industry reach with a newly unveiled alliance.

₹92 crore ($11 million) in a pre-Series A funding round—that gave the company a post money valuation of $55 million—led by early-stage investors such as Blume Ventures, and Antler. Google also participated in the round. The latest fundraise marks the company's first external capital raise since its inception in November 2022.

For decades, humans have fantasized about the day machines take over and give mankind their comeuppance (just behind those pesky Martians). Sentient technology has not yet arrived to conquer us, but Moore’s Law is in full effect, and machinery has surpassed humankind in its ability to process information and data. Now, thanks to machine learning, computers can evaluate alternative scenarios beyond our capabilities. What does it mean for wealth management, and how should we mortals use what’s coming to help us improve the world, rather than concede defeat to it?

Three themes are set to dominate the investment environment in the months ahead according to a Wall Street stalwart.