Country Financial News

tax benefits of investing in mutual funds and real estate. As per Section 80C of the Income Tax Act, equity-linked savings scheme investments are qualified for the deduction up to a limit of a maximum amount of ₹1.5 lakh each fiscal year. "Gains from equities mutual funds that have been held for more than a year are regarded as a long-term therefore are now tax-free up to ₹1 lakh.

Sanatan Dharma.He was speaking after laying the foundation stone of a Rs 49,000 crore-worth petrochemicals complex at Bina refinery in Sagar district of Madhya Pradesh along with 10 industrial projects in the state. «The 'ghamandia' (INDIA) alliance (leaders) met in Mumbai recently. They neither have any policies or issues nor a leader.

employees surveyed in a joint study on workplace mental health in Asia by Aon and TELUS Health have moderate (47%) to high (35%) risk of developing mental health issues, findings released on Thursday have revealed. 54% believe their career options would be limited if their employer knew they had a mental illness. The inaugural Aon TELUS Health Asia Mental Health Index report, which explores workplace mental health and the impact on productivity across 12 countries in Asia aims to improve understanding of the mental health risk of employees and help businesses make better decisions to manage employee mental health and increase workforce resilience. Key findings on workplace productivity showed that 45% of respondents across the region report that their mental health is negatively impacting their work while stress, anxiety and burnout are on the rise. 51% employees reported feeling more sensitive to stress this year compared to last year; while 45% of them believe their colleagues are showing more signs of stress this year.

Tata Consultancy Services (TCS) is looking to tap overseas markets, particularly the US, to promote locally developed and manufactured fifth generation, or 5G, radio network gear on the backdrop of Centre’s ambition to 'make in India for the world' to overcome supply chain disruptions. “The N78 5G radios designed by Tejas Networks may be qualified for all greenfield and brownfield 5G opportunities that present themselves to the company globally including that in the US,” TCS chief operating officer NG Subramaniam told ETTelecom. Developed by Saankhya Labs, the N78 radio, compatible with 3300 MHz spectrum band, is being currently manufactured by Bengaluru-based Tejas Networks, which acquired the telecom startup early last year. In 2021, Tata Sons acquired homegrown telecom gear maker Tejas Networks.

cruise ship carrying 206 people that ran aground in the world's northernmost national park in Greenland has failed after trying to use the high tide, authorities said. It was the third attempt to free the MV Ocean Explorer.

Naseeruddin Shah recently expressed alarm at the trend of excessively nationalistic films hitting the bull’s eye at the box-office. Referring to two movies of this ilk — the Sunny Deol-Ameesha Patel-starrer ‘Gadar 2’ and the controversial movie ‘The Kashmir Files’, the actor said such jingoistic movies are creating great harm, by perpetuating hatred against Pakistan as well as the Muslim community. Talking to the Free Press Journal, the ‘Mirch Masala’ actor said, “Now the more jingoist you are, the more popular you become because this is what has been ruling this country. It’s not enough to love your country but beat drums about it and you have to create imaginary enemies.

India and the frameworks drafted during India's Presidency will help the world to address its challenges over the next decade, Union Minister Jyotiraditya M Scindia said. The G20 Leaders' Summit concluded under India's Presidency on September 10. «Under the leadership of PM Narendra Modi, it has been a historic G20 Presidency.

WhatsApp Channels are a one-way broadcast tool within the app. Here are key features of WhatsApp Channels: Enhanced Directory: It helps users to find channels which are already filtered as per their country. Moreover, they can also view channels which are popular, most active and new.

Russia-Ukraine crisis, though it stopped short of direct condemnation. From a Karachi resident's perspective, India's effective hosting of the summit signals not only an honour for the nation but also a potentially significant economic boost. This sentiment contradicts the usual rivalry between the neighbouring countries and acknowledges India's growing importance on the world stage.

GST on generators and vehicles with diesel-powered engines. His words were meant to provoke, clearly, as is the minister's usual manner. The prospect of a tax on the fuel that powers all large trucks in India caused stock prices to plummet.

Cipla Ltd. is in jeopardy as potential buyers have balked at the 1.09 trillion rupee ($13.1 billion) valuation members of the founding family are targeting for the Indian firm in a deal, according to people familiar with the matter. Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward, as the founders are demanding about 1,350 rupees per share, the people said. The price represents a premium of about 10% over Wednesday’s close, according to Bloomberg calculations.

Sun Pharmaceutical Industries on Thursday said one of its wholly-owned subsidiary unit has tied up with US-based Pharmazz Inc to commercialise a drug used to treat cerebral ischemic stroke in India. One of the company's wholly-owned subsidiaries has entered into a license agreement with the US-based biopharmaceutical company to commercialise a first-in-class innovative drug, Tyvalzi, in the country, the Mumbai-based drug major said in a statement. Developed by Pharmazz for potential global use, Sovateltide, is indicated for treating cerebral ischemic stroke.

By Jamie McGeever

By Nerijus Adomaitis and Victoria Klesty

The Rashtriya Swayamsevak Sangh (RSS) on Wednesday will hold an all-India coordination meeting in Pune. The three-day meeting will discuss a range of topics such as national security, socioeconomic scenarios, among others. RSS chief Mohan Bhagwat and General Secretary Dattatreya Hosabale will be attending the three-day meeting along with five joint general secretaries, including Arun Kumar -- its pointsman in the BJP -- and other "prominent" functionaries.

macroeconomic situation in the country. The Nifty Smallcap 100 index has surged more than 30% this year so far, while the index is up over 40% in the last six months. The equity mutual funds saw a significant surge in net inflows during August that reached a five-month high of ₹20,245.26 crore.

Investing.com-- Gold prices moved little in Asian trade on Thursday, steadying near three-week lows and remaining under pressure from the dollar as data showed a bigger-than-expected increase in U.S. inflation.

(This Sept.13 story has been corrected to fix the pronoun to 'she' in paragraph 8)

Pakistan have expressed their appreciation for India's recent accomplishment in successfully hosting the G20 summit in New Delhi last week. This gathering of leaders from the world's top 20 nations has garnered admiration from across the border, with one Pakistani resident emphasizing, «India has taken a good step.

Ukraine said on Thursday it downed 17 out of 22 Russian drones attacking its territory overnight in the country's south, centre and north. «On the night of September 14, 2023, from 9 p.m.

Ahead of the issue opening, Zaggle garnered Rs 253.52 crore from 23 anchor investors at the upper price band of Rs 164 per equity share. Analysts remain mixed on the IPO, with few recommending to avoid it while others advising to bid for a short-to-medium-term view. «If we attribute FY23 earnings to the post-IPO fully diluted paid-up equity capital of the company, the asking price is at a P/E of 66.7 and we believe it to be priced aggressively. We, therefore, recommend an 'Avoid' rating for the issue,» StoxBox said. The price band for the IPO is fixed at Rs 156-164 per share and investors can bid for a minimum of 90 shares in one lot and in multiples thereafter. At the upper price band of Rs 164, Zaggle Prepaid is available at an adjusted P/E of 54.3x (FY23), which appears to be aggressively priced, said Geojit Financial Services. However, several factors contribute to its appeal, including a diverse client base spanning various industries, consistent revenue growth over the years, the company's expansion strategies, a diversified revenue model, and the flourishing digital payments sector, it added.