Compilation Financial News

The plans to increase buoyancy in tax collections, widening the tax base and increasing the compliance by taxpayers seem to have been aided by the new income tax (IT) regime in the current financial year. However, experts feel a few more tweaks in the tax rates in the forthcoming interim Budget could make the exemption-free regime more attractive.

portfolios. Valuable investing lessons were gleaned, but regrettably, some faded over time. With the looming threat of the disease resurfacing, everyone must revisit the lessons learned during that challenging period and determine how to incorporate them into current investment decisions.

The NSE Nifty IT Index of 10 software majors has surged about 17% since late October, beating the NSE Nifty 50 Index. While the rally was initially driven by a global rebound in tech stocks, the Federal Reserve’s dovish pivot at the December policy meeting turbocharged the run. Brokerage firms including Citigroup Inc.

Ayodhya Ram Temple Consecration: Aam Aadmi Party (AAP) leader and Delhi health minister Saurabh Bhardwaj has questioned Bhartiya Janata Party (BJP) over invitation to the upcoming ‘Pran Prathista’ ceremony at the Ram Mandir in Ayodhya. This comes after Prime Minister Narendra Modi urged ‘140 crore countrymen’ to not attend the Ram temple consecration ceremony on 22 January.

Check all the latest updates on the celebrations of Happy New Year 2024 here!2024 is almost here! With new resolutions and goals, people across the world are set to ring in a prosperous New Year on January 1. The New Year festivities definitely calls for a grand celebration, catching up with your loved ones and levelling up your aspirations.

container ships that typically transit the key maritime artery of the Red Sea and Suez Canal are rerouting after a multitude of attacks by Iran-backed Houthi militants. Combined with disruptions at a drought-stricken Panama Canal in the Western Hemisphere, the rise in merchant shipping rates poses headwinds for central bankers in their inflation fight. Meantime, the economy in Vietnam exceeded expectations this year and is poised for better results in 2024.

foreign airlines including British Airways, Etihad, Thai Airways and Qatar Airways been questioned by the Directorate General of GST Intelligence (DGGI) over allegations of tax evasion which have run into hundreds of crores of rupees, TOI reported on Sunday. The DGGI has questioned these executives over allegations of these carriers’ booking expenditure related to their India operations with their overseas head offices in the last month. Citing sources, TOI reported that the DGGI has requested documentation from these airlines covering every expense incurred by the international carriers for their operations in India. This may include aircraft leasing, crew and ground staff costs, fuel for the aircraft, and any additional maintenance or repair expenses. For the first time, Indian authorities have requested that international airlines report all of their expenses relating to India and pay taxes for services provided here under the new GST regime.

Registration of properties in Mumbai municipal area is likely to rise by 33 pc annually to around 12,500 units during this month on better demand, according to Knight Frank. As many as 9,367 properties were registered in Mumbai city (area under BMC jurisdiction) during the same month last year. Real estate consultant Knight Frank India has compiled the data of registration of properties from Department of Registrations and Stamps, Maharashtra government. As per the latest data of December, 12,134 units were registered till 12 noon and the number is set to reach around 12,500 units by late evening. «Homebuyers in Mumbai continue to demonstrate confidence in the property market, buoyed by stable demand and an enhanced positive sentiment. This optimism has resulted in a significant surge in property registrations in Mumbai,» the consultant said in a statement on Saturday. Of the overall registered properties, residential units constitute 80 per cent. Mumbai city is estimated to see registrations of more than 1,27,000 units this year and will lead to revenue collection of more than Rs 10,000 crore. Mumbai city is set to record the highest registration of properties in 11 years.

Retail inflation for industrial workers increased marginally to 4.98 per cent in November compared to 4.45 per cent in October this year, mainly due to higher prices of certain food items. Food inflation stood at 7.95 per cent against 6.27 per cent in the previous month (October 2023) and 4.30 per cent during the corresponding month (November 2022) a year ago, a labour ministry statement said.

NEW DELHI/MUMBAI : Registrations by foreign portfolio investors in India this year were the fewest in at least 10 years, although foreign investments have continued to rush in. Market experts pinned the steep decline in registrations on global economic headwinds, while pointing out that FPIs already in India have delivered stellar returns in recent years.

Global banks eliminated more than 60,000 jobs in 2023, marking one of the heaviest years for cuts since the financial crisis and reversing much of their hiring as they emerged from the COVID-19 pandemic.

December has turned out to be the busiest month of 2023 for risk capital investors, who have announced more than $1.5 billion funding till Tuesday. However, most industry watchers would be cautious about terming it the end of the funding winter. This month’s funding now tops January’s $1.4-billion raise, which was the highest for the year so far, data compiled until December 26 by Tracxn showed.

Mint, the average room rates are far higher than their range in 2019. On an average this year, the traveller had to shell out ₹7,200-7,400 for a room in the top hotel brands, indicating a year-on-year increase of 20%, and 22% higher from 2019, said data from HVS Anarock. This upward trajectory has also resulted in a 30% increase in Revenue Per Available Room (RevPAR) from ₹4,600-4,800 in 2022, and a 20% uptick from 2019 levels.

Jujutsu Kaisen Season 2 progresses toward its climax, episode #23 promises to deliver an impactful conclusion to the Shibuya Incident arc, leaving fans on the edge of their seats. With major developments and the imminent shift in the series' dynamics, the anticipation for the next episode is palpable.

Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — boosted their bearish bets on the greenback in the week ended Tuesday, according to CFTC data compiled by Bloomberg. More than 39,000 contracts are now tied to expectations the US currency will fall, up more than 10,000 from a week ago when the Fed was preparing to meet, the data show. The currency has suffered a pronounced slump in the wake of that confab, when the Fed released updated economic projections forecasting additional monetary easing next year.

₹6,164 per bbl, having swung between ₹6,126 and ₹6,247 per bbl during the session, against a previous close of ₹6,163 per barrel. -Crude is headed for its first annual drop since 2020 as surging production from the US and elsewhere counters efforts by the OPEC cartel to support prices through output cuts. The outlook for demand is also fragile, with the International Energy Agency forecasting that growth will slow sharply next year.

tech gifts have gained immense popularity. To simplify your gift selection process, we've compiled a list of the top 5 tech gifts. These items are not only trendy but also offer practical utility, ensuring smiles on the faces of your dearest friends and family members.

It is slated to be an interim budget since the Lok Sabha elections are scheduled for early next year. The budget-making process usually begins in September, over six months before the date of presentation. Making a budget is a time-taking process that entails numerous steps and consultations. Have you ever pondered the intricate process of crafting the budget? Comprising a multitude of financial proposals, its creation is no small undertaking.

₹1000 to ₹2000. These reasonably priced heating choices also referred to as "economic heaters," have become more well-known as economical alternatives to more expensive types. These budget heaters stand out among the top room heater prices under ₹2000 because of their excellent cost-effectiveness and efficiency balance.

Here’s what to know about the issue, and what to do if it happens to you.

Canadian equity financings grew slightly this year despite a combination of challenges stemming from high interest rates, an underperforming stock market and just one initial public offering on the Toronto Stock Exchange. What’s more, bankers are forecasting better conditions for ECM markets in 2024.