Country Financial News

NMDC, the country's largest iron ore producer, with a one-year target price of ₹319 apiece, as the brokerage believes that the company is in the sweet spot amid rising pellet export demand coming from China. The company's shares have been on a roll over the last 12 months, climbing from ₹104 apiece to the current level of ₹273, resulting in a multibagger gain of 162%. Also Read: Gold climbs 1% to two-week high on increased Fed rate cut expectationsThe brokerage highlighted several key factors impacting the steel and pellet markets.

PARIS—Serge Klarsfeld is a world-renowned Nazi hunter, a historian of the Holocaust and a moral authority in France who has pushed the country to reckon with its dark history of antisemitism. That is why many in France were shocked this week when Klarsfeld defended the far-right party of Marine Le Pen, which counts among its founders a former Nazi paramilitary soldier.

basic exemption limit. Suresh Surana, practising chartered accountant, says, «Section 139 mandates that ITR filing is mandatory (for individuals) in certain situations even if their total income in a financial year is below the basic exemption limit. If the ITR is not filed by the deadline of July 31, then a penalty will apply to these taxpayers.» Also Read: Last date to file ITR for different taxpayers

Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower. Brent futures for August delivery dipped 11 cents to $85.60 a barrel by 0013 GMT, while U.S. crude was down 9 cents to $81.20 per barrel.

Japanese authorities are ready to take action against speculative and excessively volatile moves in the currency market that hurt the economy, the country's top currency diplomat Masato Kanda said on Friday. «It's not intended to change the market's trend,» instead it was aimed at smoothing excessive volatility in the currency market, Kanda told reporters when asked about exchange-rate intervention.

Budget 2024 FAQs: The Budget serves as a comprehensive blueprint detailing the government's projected income and expenditure for a fiscal year, spanning from April 1 to March 31 of the following year. This financial roadmap plays a crucial role in outlining the nation's economic priorities and resource allocations. To enhance accessibility and understanding, a user-friendly guide for interpreting the Budget document is readily available. Following the finance minister's budget speech in the Lok Sabha, these critical documents are swiftly published on the official website, ensuring rapid and widespread dissemination of essential financial information. The budget that will be presented in coming month will be Prime Minister Narendra Modi-lef government's first presentation after forming government.

HDFC Bank is discussing with investors and the regulator a plan through which the country's most-valued lender would buy back some of the bonds issued by the erstwhile HDFC, and replace these instruments with new infrastructure bonds to be sold to the same set of investors holding the securities. This exercise, if approved, would help HDFC Bank cut interest costs as bank infrastructure bonds have the advantage of exemptions from regulatory reserve requirements like Statutory Liquidity Ratio and Cash Reserve Ratio.

Donald Trump has said in an interview that he wants to give automatic green cards to foreign students who graduate from US colleges, a sharp departure from the anti-immigrant rhetoric he typically uses on the campaign trail. Trump was asked about plans for companies to be able to import the «best and brightest» in a podcast taped Wednesday with venture capitalists and tech investors called the «All-In». «What I want to do and what I will do is you graduate from a college, I think you should get automatically as part of your diploma a green card to be able to stay in this country. And that includes junior colleges too, anybody graduates from a college. You go there for two years or four years,» he said, vowing to address this concern on day one. Immigration has been Trump's signature issue during his 2024 bid to return to the White House. His suggestion that he would offer green cards — documents that confer a pathway to US citizenship — to potentially hundreds of thousands of foreign graduates would represent a sweeping expansion of America's immigration system that sharply diverges from his most common messages on foreigners.

United States has said it supports direct discussions between India and Pakistan but the pace, scope and character of talks should be determined by the two neighbouring countries. Responding to a question at his daily news conference on Thursday, State Department Spokesperson Matthew Miller said the US values its important relationships with both India and Pakistan. «As we have said, we support direct discussions between India and Pakistan, but the pace, scope and character should be determined by those two countries, not by us,» he said. Responding to another question, Miller said the US and Pakistan have a shared interest in combating threats to regional security.

mid-cap and small-cap companies in India's total market value hit the highest level in May, boosted by the unabated appetite for these shares among domestic investors. This, however, warrants caution, said fund managers, who warned that the sharp run-up in these shares may be excessive for now. According to a study by ICICI Prudential Mutual Fund, the share of mid- and small-cap stocks to the country's total market capitalisation was at 36.3% in May, compared to 25% in Dec 2020 and 19.6% in Dec 2013. Meanwhile, the contribution of the large caps declined to 63.7% in May, compared to 74.2% in December 2020 and 80.3% in December 2013.

₹50,000 crore, two people aware of the matter said. The central government, which has been steadily increasing the budget for new tracks over the years, may boost allocation by a sharp 39% from the figures in February's interim budget, the people cited above said on condition of anonymity.

South Korea says it will consider sending arms to Ukraine after Russia and North Korea rattled the region and beyond by signing a pact to come to each other’s defense in the event of war

Change Healthcare is starting to notify hospitals, insurers and other customers that they may have had patient information exposed in a massive cyberattack

The U.K. Supreme Court has ruled that planners reviewing well-drilling permits must consider the environmental impact from burning the oil that would be produced

The Kentucky Bourbon Trail is maturing like the fine whiskeys it showcases

Union Budget 2024: Prime Minister Narendra Modi led-government will present first full Budget in their third term after the 18th Lok Sabha polls in 2024 in the coming month, laying the roadmap for the next five years. The last budget presented by the Finance Minister Nirmala Sitharaman was a vote on account due to the General Elections that were scheduled from April to May. Here are some interesting Budget trivia that you should know:

a government plan to overhaul the country’s public broadcasting services, a move that critics say would result in the government taking full control of the media. The coalition government of populist Prime Minister Robert Fico agreed on the measure on April 24. Fico, who is recovering at home from multiple wounds he suffered in an assassination attempt on May 15, said that the changes are needed, because the services are politically biased and “in conflict with the Slovak government." Thousands have repeatedly rallied in the capital, Bratislava, in protest rallies organized by the major opposition Progressive Slovakia party and others against the plan, which has been widely criticized by local journalists, the opposition, international media organizations and the European Union.

NATO member Romania’s top defense body says the country will donate a Patriot missile system to neighboring Ukraine to help Kyiv in its war against Russia as Moscow’s forces continue to bombard civilian areas and energy infrastructure

France’s prime minister hopes to emerge from the campaign for the early legislative election not only still holding the job that President Emmanuel Macron gave him less than six months ago but also as more of his own person

Authorities in Chile say at least two rail workers were killed and nine others injured Thursday when a freight train collided head-on with another train on a test run just outside the capital of Chile

A young German-Austrian heiress has realized her plan to redistribute almost all of her assets to organizations that are devoted to protecting the climate, improving education and health care, or supporting gender equality among other issues