China Financial News

24.07 / 02:27

markets Action security trends Trade track GIFT Nifty signals a negative start for D-Street. Here's the trading setup for today's session

«While the overall sentiment remains positive without signs of weakness, the market appears overbought by various measures. Therefore, we advise against aggressive long positions,» said Rajesh Bhosale, Equity Technical Analyst, Angel One.

24.07 / 02:24

markets UPS Provident WhatsApp travelers Capital gains intact, so what if they’re taxed a bit higher?

budget day, the market is prone to kneejerk reactions. So, as soon as the finance minister announced higher short-term and long-term capital gains taxes on financial instruments, the stock market tanked. Of course, it recovered towards the close as sanity set in. And what’s that sanity? In my view, it is that capital gains are intact, only the capital gains tax is higher.

24.07 / 02:10

Digital Landmark Healthcare country innovations Schools International Abolition of angel tax marks a landmark reform benefiting startups: US India Forum

angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem, the US India Strategic and Partnership Forum (USISPF) said Tuesday and applauded the proposal in the Union budget to reduce tax rates for the foreign companies to 35 per cent. «India has long been a country of engineering and tech talent, yet there have been gaps in the innovation ecosystem. The abolition of the angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem. This important reform will stimulate increased startup funding from both domestic and international sources,» the US India Strategic and Partnership Forum (USISPF) said.

24.07 / 02:07

markets Ripple WhatsApp wellness Trade track testing Dollar firms as commodities slide and carry unwinds

currencies touched multi-week lows on Wednesday tracking weakness in Chinese demand, while the yen has surged as short-sellers bail out ahead of a central bank meeting. Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January.

24.07 / 01:59

markets UPS Trade show rowing Oil prices rise as US crude and fuel inventories seen shrinking

crude inventories caused oil prices to rebound on Wednesday after several days of decline, while expectations for a nearing ceasefire deal in the Middle East kept prices from continuing to climb. Brent crude futures for September rose 46 cents to $81.47 a barrel by 0020 GMT. U.S. West Texas Intermediate crude for September increased 42 cents to $77.38 per barrel.

23.07 / 19:07

UPS WhatsApp Updates International Census, NPR, central police forces focus of MHA allocation

central armed police forces such as CRPF, BSF and CISF. For the much-delayed Census and updation of National Population Register, the budget allocated ₹1,309 crore. With an eye on China, the Vibrant Village Programme, started in 2023-24, received a boost with the allocation of ₹5,105 crore, up from ₹3,389 crore last year. The budget allocated ₹3,720.13 crore for improving infrastructure along the international border, women's safety, police infrastructure and modernisation of police forces.

23.07 / 18:58

markets Progressive Manufacturing Apple reports Features Apple's Foldable iPhone plans progress, launch possible in 2026: Report

Apple's foldable iPhone has moved beyond the ideation phase. The company has reached out to Asian suppliers to manufacture components for the device, which is internally referred to by the code name V68.Foldable smartphones, enhanced with AI features, are anticipated to drive demand for Apple, which faces intense competition from Honor and Huawei in China, and from Samsung globally.

23.07 / 16:14

markets FIVE CEO security Align Experts travelers Share buyback to be taxed as dividend. Know how it impacts investors

dividend from October 1 and is expected to increase the tax burden on investors. In her Budget 2024 speech on Tuesday, Finance Minister Nirmala Sitharaman announced about the move which the industry sees as counterproductive. «For reasons of equity, I propose to tax income received on buy back of shares in the hands of the recipient,» Sitharaman said.

23.07 / 16:09

markets Target Trade performer reports travelers recommendations Budget 2024 gives a miss to capital infusion in OMCs. How it impacts BPCL, others?

oil marketing companies (OMCs) today ended in the red after the Union Budget 2024 did not make any budgetary allocation for them for FY25. The development assumes importance given that the government had in its FY24 budget earmarked Rs 30,000 crore for capital support to the OMCs which did not crystallise the financial year gone by. Shares of Bharat Petroleum Corporation (BPCL) today ended at Rs 306 on the NSE, down by Rs 2.25 or 0.73% over the previous closing price. Meanwhile, Hindustan Petroleum Corporation (HPCL) shares settled at Rs 345 falling by 0.5%. Indian Oil Corporation (IOC) was the top loser falling 1.4% to close the session at Rs 165.85.

23.07 / 14:44

UPS security Trade electronic travelers recommendations Defence stocks HAL, Bharat Dynamics, others recover from 10% fall post budget jitters

As a result, stocks plunged by up to 10% on the intraday basis, but managed to narrow their losses at the closing time.

23.07 / 14:27

UPS Target Platform social reports pig butchering dutch Dutch Police Intercept Global ‘Pig Butchering’ Scam Involved in Stealing $162M from Victims

Rotterdam’s police have played a crucial role in dismantling an extensive “pig butchering” scam, a fraud operation preying on victims via dating and social media platforms before siphoning off their savings.

23.07 / 14:24

markets COST Provident security country travelers Budget 2024: How tax changes impact investors

Budget, presented by Finance Minister Nirmala Sitharaman, introduces significant changes to the taxation of capital assets and capital gains. These amendments aim to rationalize capital gains tax provisions and bring parity across different asset classes and types of investors. While the amendments are indeed welcome as they simplify the hitherto complicated capital gains tax provisions in India and largely bring listed and unlisted shares at par amongst resident and non-resident sellers.

23.07 / 13:29

COST students country testing Courts Colleges India's 'NEET' medical exam scandal drives students abroad

23.07 / 12:59

Target Research Universities Department Budget 2024: Agri-research? Yes, but where is the money?

₹9,941 crore (budget estimate or BE) for 2024-25. This is barely any improvement over the ₹9,877 crore spent in 2023-24 (revised estimate or RE). The budget for apex research institutions which include the Indian Council for Agricultural Research (ICAR), central agricultural universities and the National Academy for Agricultural Sciences (NAAS) is ₹7,103 crore for 2024-25, lower than the ₹7,248 crore spent last year.

23.07 / 08:24

UPS Target Election Trade electronic Budget 2024: Capital goods stocks tank up to 8% after Sitharaman makes no change in capex

Capital goods stock plunged up to 8% on BSE in Tuesday's trade after the Union Finance Minister Nirmala Sitharaman proposed to maintain the capital expenditure target at Rs 11.11 lakh crore for this fiscal year as announced in the interim budget in February. While announcing the interim Budget ahead of the Lok Sabha elections, India had proposed boosting the capital expenditure target by 11.1% to record Rs 11.11 lakh crore for fiscal year 2025, banking on its huge multiplier impact on economic growth and employment creation.

23.07 / 07:03

UPS Provident security Justice social travelers BHEL, NTPC jump 3% on FM's PSU partnership announcement

BHEL and NTPC jumped nearly 3% to Rs 314.25 and Rs 385, respectively, after Finance Minister Nirmala Sitharaman announced a partnership between the two PSU companies under the Energy Security Scheme in the Union Budget. Sitharaman on Tuesday announced that NTPC and BHEL will set up an ultra-critical thermal power plant using AUSC Tech to promote one out of 9 Budget priorities of Energy security.

23.07 / 05:03

Citi Election Bill President country 2020 Relationships Kamala Harris gets muted response in India as few see change in US ties

Joe Biden picked Kamala Harris as his running mate, much of India was abuzz over how the first Indian-American in the White House might affect the future of US-India relations.

23.07 / 04:42

markets Yellow Research wellness Trade recommendations International Gold Price Today: Yellow metal falls by Rs 1,500/10gm in one week, silver prices down by Rs 4,600/kg

silver September futures at MCX opened 0.21% or Rs 191 lower at Rs 89,012/kg. Gold prices have fallen by Rs 1,500/10gm in the last one week whereas silver prices have witnessed a fall of Rs 4,600/kg in the same duration.

23.07 / 04:27

markets security Election wellness Trade song Budget bombshells: 3 nightmares that stock investors fear from Nirmala Sitharaman’s speech

Dalal Street has been brimming with confidence that Nirmala Sitharaman will continue singing the good old capex song in the Union Budget once again today, there are fears that the dharma of coalition politics might have a bearing on government policies as well. The tough ask for Sitharaman is to balance welfare spending without losing the grip over capex. The consensus view on Dalal Street is that strong economic momentum, robust GST collection, asset monetisation and record RBI dividend can help the government deliver on both.

23.07 / 04:13

UPS Target Trade Experts travelers recommendations F&O stocks to buy on Budget 2024 Day: SBI, RIL among top stocks for 23 July 2024

Budget 2024 day. The Nifty future closed negative with losses of 0.05% at 24,517 levels on Monday. India VIX was up by 4.18% from 14.82 to 15.44 levels.

23.07 / 03:05

markets Cooper Strategy ICE reports Updates Growing cooperation between Russia and China in Arctic, says Pentagon

Russia and China are increasingly cooperating in the Arctic region, which could impact regional stability, the U.S. military said as it released its strategy for the Arctic region on Monday.

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