India Financial News

GAIL (India) Ltd. gained 1.04 per cent to Rs 233.0 in Monday's session as of 11:47AM (IST) even as the equity benchmark Sensex traded 565.39 points higher at 81898.11. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 239.2 and a 52-week low of Rs 111.5 on NSE. Around 222593 shares changed hands on the counter till 11:47AM (IST).

K C Venugopal. The reports claimed that Venugopal attended a programme organised by a bank employees' union in his constituency, Alappuzha, on July 27, where the name of former Pakistan President Pervez Musharraf was allegedly included in the list of prominent personalities to be paid tributes.

income tax refund after you file the income tax return (ITR) for that year. However, the processing of your ITR by the tax department and the issuance of an intimation notice confirming it is necessary before the income tax refund is issued. This intimation notice is provided under section 143 (1) of the Income-tax Act, 1961. This year, the deadline for filing returns for FY 2023-24 (AY 2024-25) is July 31, 2024.

Ola Electric on Monday announced the price band of Rs 72-76 for its upcoming initial public offering (IPO) which will open on August 2 and close on August 6. The IPO comprises a fresh issue of shares worth Rs 5,500 crore and an offer for sale (OFS) of 8,49,41,997 shares, according to the draft prospectus. At the upper price band of Rs 76, the OFS would be worth about Rs 645.56 crore.

Olympic organisers cancelled a second day of triathlon training in the River Seine planned for Monday after weekend downpours in Paris polluted the waterway, but said they were «confident» the medal events would be held this week.

Mint explains some of the amendments in the budget that are applicable to international transactions. Until now, investing in international stocks attracted a long-term capital gains (LTCG) tax rate of 20% with indexation benefit—adjusting for inflation—if the stocks were held for more than 24 months.

Nirmala Sitharaman will introduce the Jammu and Kashmir Appropriation Bill, 2024, in the Lok Sabha.

The Nifty Future closed positive with gains of 1.88% at 24,915 levels on Friday. India VIX was down 2.93% from 12.62 to 12.25 levels.

quarter earnings season in which IT majors managed to beat Street expectations led by significant improvements in the BFSI sector, mutual fund managers were smart enough to buy IT stocks even as FIIs sold. June quarter shareholding pattern shows that MFs raised stake in Infosys by 116 bps to 19.09%. The stock is up around 20% in the last one month.

Going forward, analysts say first quarter earnings will remain a key trigger, with many large companies scheduled to report their results.

hypothetical conversation between two investors on the recent Budget. It may not be a real interaction, but is representative of the many exchanges on the social media and in real life.

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India for its support of the island nation in easing its debt repayment and affirmed hope that New Delhi and Male would forge stronger ties and sign a free trade agreement.

Lakshya Sen's dominating win over Guatemala's Kevin Cordon in the badminton men's singles Group L match at the ongoing Paris Olympics has been 'deleted after the Guatemalan pulled out of the multi-sport event due to a left elbow injury.

Ola Electric Mobility as the valuation of the electric two-wheeler maker's initial public offering (IPO) approaches $4 billion, down from earlier expectations. The IPO is set to open August 2. Domestic investors, including SBI AMC, HDFC AMC, Nippon Life India AMC and UTI AMC will bid about $200 million each, while international ones such as Fidelity, Nomura and Norway's Norges Bank will bid in the range of $75-100 million each.

patient assistance programme (PAP), which is designed to provide free access to drugs which are otherwise expensive, should be kept outside the scope of trade margin rationalisation (TMR).

medical devices in the country, the government may do away with the requirement of clinical investigation of those devices approved in the European Union (EU), people aware of the proposal told ET.

Ola Electric's IPO is set to draw investor bids from Fidelity, Nomura and Norway's Norges Bank, as well as several Indian mutual funds, two sources with direct knowledge told Reuters.

Nirmala Sitharaman on Sunday said the budget proposals will spur job creation, encourage investments in startups, leave more money with the middle class, ease credit flow to small and medium businesses, and keep up the thrust on infrastructure creation to boost economic growth.

Manu Bhaker was in silver medal position. A 0.1-point lead over her South Korean rival Kim Ye-ji, and assured of a medal. That’s when it dawned on all of us.

income tax provisions could raise the tax liability of people who let out their property as homestay.