Booking Financial News
20.09 / 19:03
20.09 / 18:01
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reports
Courts
International
Loss-making MNCs liable to pay tax on India setup
India or engaging people to promote, operate and grow their businesses from the Indian market will have to pay tax attributable to such setups even if these MNCs report losses in their global balance-sheets. This was laid down by a three-judge bench of the Delhi High Court in a ruling which would impact several MNCs using liaison office, subsidiary, or a fixed place like a hotel room — arrangements which are considered as 'permanent establishment' or PEs in tax parlance — to meet customers, negotiate prices, and market products and services. The ruling, pronounced on September 19, was in response to a petition by the UAE-based Hyatt International Southwest Asia which had a fixed place or PE in India at the premises of Hyatt Regency hotel in Delhi.
20.09 / 14:29
markets
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Booking
wellness
cover
Interviews
Desjardins eyes Australian bond market for debut issuance
Desjardins Group is preparing a potential debut issuance in the Australian dollar bond market, as North America’s largest financial services co-operative seeks to diversify its funding sources to keep up with its growing lending book.
20.09 / 13:51
markets
Digital
Booking
Experts
RAI
International
Yamuna authority launches housing scheme near the upcoming airport
Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a built-up housing scheme in Sector 22D of the Yamuna Expressway. Flats under this scheme are available on a first-come, first-served basis, with booking starting from September 19 and continuing until March 31, 2025. Homebuyers can choose between 1 BHK and 2 BHK flats, priced between Rs 21 lakh and Rs 45 lakh. Under the scheme, a total of 1,239 flats will be offered across three categories. The first category focuses on affordable housing, offering 276 one-BHK flats with a super area of 29.76 square meters and a carpet area of 21.62 square meters.
20.09 / 07:15
markets
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Booking
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Nikkei
Trade
stage
Japan's Nikkei books best week since mid-August, but BOJ caps gains
Nikkei share average rose on Friday and logged its best week since mid-August, but gains were capped as the yen strengthened after the Bank of Japan set the stage for future interest rate hikes The tech-heavy Nikkei ended the day up 1.53% at 37,723.91, with chip-sector stocks rallying in line with their U.S. peers. The index advanced 1.57% for the week.
20.09 / 07:15
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Shriram Finance shares gain 0.27% as Sensex rises
Shriram Finance Ltd. traded at Rs 3535.4 on BSE at 12:33PM (IST) on Friday, up 0.27 per cent. The stock quoted a 52-week low price of Rs 1760.9 and a high of Rs 3622.45. Earlier in the day, the stock saw a gap up opening.
20.09 / 07:15
markets
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Booking
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HDFC AMC shares drop 0.23% as Sensex rises
HDFC Asset Management Company Ltd. traded at Rs 4376.4 on BSE at 12:28PM (IST) on Friday, down 0.23 per cent. The stock quoted a 52-week low price of Rs 2565.0 and a high of Rs 4544.5. Earlier in the day, the stock saw a gap up opening.
20.09 / 02:19
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 20
Subscribe to enjoy similar stories. Buy or sell stocks today: Indian stock market indices Sensex and Nifty 50 closed relatively subdued on Thursday, September 19, compared to global and Asian indices, in response to the United States Federal Reserve's (FED) rate cut on Wednesday. The Nifty 50 index closed 0.15 per cent higher at 25,415.80 points, compared to 25,377.55 points at its previous market close.
19.09 / 15:19
markets
Booking
Fitch
RAI
information
International
RBI lifts ban on IIFL
Reserve Bank of India (RBI), has lifted the restrictions imposed on the gold loan business of IIFL Finance with immediate effect, the company informed in a short stock exchange notice. RBI had prohibited the company from sanctioning, disbursing, or selling any of its gold loans in March this year citing certain supervisory concerns. The central bank had cited deviations in assaying and certifying purity and net weight of the gold at the time of sanction of loans and at the time of auction upon default, breaches in loan-to-value ratio (LTV), significant disbursal and collection of loan amount in cash far in excess of the statutory limit among others, while announcing the ban. IIFL said that the lifting of the ban with immediate effect, allows the company to resume the its gold loans business in compliance with all relevant laws and regulations.
19.09 / 12:41
19.09 / 10:39
19.09 / 10:39
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COST
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2020
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Cholamandalam is in spotlight, but watch the valuations
Subscribe to enjoy similar stories. The US Federal Reserve has cut interest rates by 50 basis points for the first time since 2020, paving the way for global monetary policy easing, including India. According to Macquarie, the biggest beneficiary of interest rate cuts within the banking, financial services and insurance space could be non-banking financial companies or NBFCs.
19.09 / 10:11
markets
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Booking
Analysis
economy
Trade
Cycling
Expect rate moderation, not a severe rate cut cycle, denoting problems with growth & capex: Vinod Karki
Vinod Karki, Equity Strategist,ICICI Securities, says some growth concerns are seen on the defensive side. Cyclicals are growing faster, and there are growth concerns in the IT sector and a lot of concerns on the agri-rural economy. This year, we had a massive heatwave and now a lot of rainfall. The temporal and spatial distribution has been pretty uneven, and so the outlook is not looking that good. IT services and consumption have seen growth issues overall. The valuation is at a record high. So, even though the cyclicals are expensive, there might be some shifts there. On Thursday, the Supreme Court rejected telecom firms' pleas to recalculate adjusted gross revenues (AGRs) amid ongoing disputes over government dues. Vodafone India, Bharti Airtel, and others argued that the Department of Telecommunications erred in calculating license fees and spectrum charges. This particular news development coming in, is not too positive for Vodafone Idea or the telecom space as a whole. Do you have a view on the telecom space?
19.09 / 08:27
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Sustainability
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What debate? Reducing debt is the same as tightening the fiscal deficit.
Subscribe to enjoy similar stories. Conceptually, for the administration of any country, targeting its debt-to-gross domestic product (GDP) ratio is tantamount to controlling its fiscal deficit ratio. It is not possible to influence the debt ratio without a firm grip on the fiscal deficit.
19.09 / 08:17
markets
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Booking
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Analysis
Trade
Bandhan Bank shares drop 1.54% as Sensex rises
Bandhan Bank Ltd. traded at Rs 209.8 on BSE at 01:28PM (IST) on Thursday, down 1.54 per cent. The stock quoted a 52-week low price of Rs 169.45 and a high of Rs 263.15. Earlier in the day, the stock saw a gap up opening.
19.09 / 06:01
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Bajaj Housing Finance shares tumble 11% in 2 days. Should you buy, sell or hold?
Bajaj Housing Finance ended its two-day rally as its stock encountered selling pressure, declining 11% in the last 2 days to a low of Rs 161 on BSE. IPO investors who got the allotment of the issue, however, are still sitting on gains of 130%.
19.09 / 06:01
markets
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Booking
Gap
Analysis
Trade
Godrej Consumer shares gain 1.4% as Sensex rises
Godrej Consumer Products Ltd. traded at Rs 1453.3 on BSE at 11:16AM (IST) on Thursday, up 1.4 per cent. The stock quoted a 52-week low price of Rs 959.55 and a high of Rs 1541.3. Earlier in the day, the stock saw a gap up opening.
19.09 / 06:01
markets
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Booking
Gap
Analysis
Trade
Bank of Baroda shares drop 1.09% as Sensex rises
Bank of Baroda traded at Rs 235.15 on BSE at 11:11AM (IST) on Thursday, down 1.09 per cent. The stock quoted a 52-week low price of Rs 187.95 and a high of Rs 298.45. Earlier in the day, the stock saw a gap up opening.
19.09 / 04:09
markets
Booking
Remark
wellness
RPG
RAI
social
Here’s why billionaire Harsh Goenka wants you to save Rs 600 daily
Harsh Goenka has come under fire for suggesting that Rs 600 is a reasonable amount of money to save on a daily basis. The Chairman of RPG Group, who often shares tips and insights on life, business, and money-making on his X handle, penned a post on the importance of cultivating good habits. “Saving Rs 600 per day = Rs 2,19,000 per year. Reading 20 pages per day = 30 books per year. Walking 10,000 steps per day = 70 marathons per year..Never underestimate the power of small habits,” read his tweet. While some netizens appreciated the message, some were far from amused.
19.09 / 01:01
markets
Booking
2020
reports
Interviews
International
Alok Sama on the smear campaign against him at SoftBank, and working with Masa
Subscribe to enjoy similar stories. In 2020, theWall Street Journal reported that two senior executives at SoftBank Group—Nikesh Arora and Alok Sama—had been targeted by internal rivals in a smear campaign. According to the report, these rivals had sent letters to the Japanese investment firm’s board levelling serious allegations against the two executives, triggering investigations into their India-focussed investments.
18.09 / 16:33
Booking
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War
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International
Suspected Trump gunman touted potential ‘Taiwan foreign legion’
Subscribe to enjoy similar stories. Ryan Wesley Routh, the man arrested in Florida in connection with an apparent attempt to shoot Donald Trump, counted among his international projects a proposed “foreign legion" to help defend Taiwan against a potential assault from China. The Taiwan plan echoed Routh’s self-professed efforts to support the defense of Ukraine, in what he described in his LinkedIn profile as a mission to dedicate himself to “any monumental worthy cause to bring about real change in our world." There is no indication that Routh’s Taiwan ambitions ever materialized.
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