Experts Financial News

Commonwealth Financial Network has made a hefty addition to its rapidly growing advisory network as a family-led ensemble from Arizona joins from Osaic.

Central and state authorities will launch a two-month-long nationwide drive against fake goods and services tax (GST) registrations to weed out bogus entities used for evading tax, showed an official order from the Central Board of Indirect Taxes and Customs (CBIC). The drive, which will run from 16 August to 15 October, seeks to detect suspicious or fake GST registrations and conduct thorough verification to weed out entities engaging in fake invoicing, according to the order.

₹50 crore and ₹500 crore. However, Propshare's existing investors rejected the migration to SM Reit status. High upfront costs, including a 6-6.5% stamp duty, may have led to the 'no' vote, as indicated by a mail sent out by the platform.

BEL), RailTel, Samvardhana Motherson International, and 13 other companies are expected to be in focus today as they have set August 14 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to buy shares of these companies to qualify for the announced dividends.

Mint on 12 July, K. Krithivasan, CEO of India’s largest IT services company, Tata Consultancy Services Ltd (TCS), said that delivering differentiations to clients is key, instead of riding a hype cycle. However, the road to adoption is still hazy.

At present, there are 1,504 air monitoring stations in 543 cities across the country. The government has entrusted the job of updating NAAQS to IIT Kanpur, which has set up a panel comprising experts from the World Health Organisation (WHO) and other institutions. “Work on the new NAAQS is ongoing.

Buy or sell stocks for today: Domestic benchmark equity indices Sensex and Nifty 50 ended Monday's session with little change, reflecting mixed global cues. Despite an earlier dip, both indices recovered by the afternoon, buoyed by positive trends in international markets and fresh inflows of foreign capital.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Consumer goods companies such as Hindustan Unilever (HUL), Dabur, and Godrej Consumer Products (GCP) are amping up their influencer marketing strategies to boost customer engagement, brand loyalty, and awareness, underscoring the growing role of influencers in purchasing decisions of consumers. In their FY24 annual reports, these companies highlighted the rising role of influencers in the overall marketing mix as consumers are spending more time on short-form snackable content on platforms like Instagram and YouTube. This scenario has led companies to engage with macro, micro, and nano influencers for driving brand visibility. A recent EY report predicted that India's influencer marketing industry will reach ₹3,375 crore by 2026, from ₹2,344 crore in 2024, largely due to the growing use of social media influencers for sales and brand engagement.

independent directors and aspirants to headhunters to make it easier for companies to hire such key personnel to their boards, Ajay Bhushan Prasad Pandey, chairman of National Financial Reporting Authority (NFRA), the country's audit regulator, told ET. On August 2, Pandey huddled with top executives of 17 major executive search firms, including Korn Ferry, Egon Zehnder, ABC Consultants, Kestria, Pedersen & Partners, DHR Global, Boyden, Sheffield Haworth and KPMG. «We received a very enthusiastic response from them,» he said. «They were also asked to suggest ways to further bolster the data bank and its applicability.» Pandey also heads state-run Indian Institute of Corporate Affairs (IICA), with which all independent directors and those aspiring to take on such roles are mandated to register.

India needs to raise its game quickly and look beyond production-linked incentive (PLI) schemes to establish itself as a global manufacturing powerhouse and create millions of new jobs, say experts. Time, they say, is ripe for the next wave of big-bang policy measures from the government to ensure that India's efforts to bring back local manufacturing in a big way pays off. Some suggested steps include creating world-class, export-oriented industrial hubs (where India is a laggard), ringing in favourable tax treaties with the country's top trading partners, bolstering logistics infrastructure (including connectivity with ports), encouraging sector-specific skill development, targeting high-volume local production of capital goods and investing in smart manufacturing facilities. These enablers, they say, are critical to boost India's value proposition and getting the biggest global players to invest top dollars in mega manufacturing capacities in critical sectors such as automobiles, renewable energy, telecoms equipment, electronics and batteries — more so in a changing geopolitical scenario when global companies are increasingly looking to cut their dependence on China and eying India as an alternate manufacturing hub.

Despite the recent influx of over $192 million into U.S. spot Bitcoin ETFs, Bitcoin (BTC), the leading cryptocurrency, failed to sustain its overnight gains and started the week on a bearish note. This decline can be attributed to the news that $155.25 million in liquidations occurred across the crypto market.

Max Estates, the property arm of the MaxGroup, has received approval from the Noida authority to overtake a commercial project in sector 16B Noida, by clearing Rs 613 crore dues of the authority. In February 2023, the National Company Law Tribunal (NCLT) approved the resolution plan of Max for the development of a commercial plot measuring 34,697 square meters in Noida under the project name ‘Delhi One’. The NCLT had asked the developer to seek the authority's approval for the implementation of the plan.

The November election is still months away but with Minnesota Gov. Tim Walz recently named as Kamala Harris’ political partner, the future of drug policy looks bright. As do the formerly “risky” investments and alternative sources of capital retention, like cannabis.

sports betting. Asher, who asked that the Thomson Reuters Foundation use a pseudonym to protect the privacy of his recovery group, was drawn into gambling by online poker. «It is just so easy to open these gambling accounts online,» he told the Thomson Reuters Foundation. «At one point I lost over $500,000 to this addiction and almost lost my family.»

To date, Maruti Suzuki’s startup arm has evaluated over 3,000 startups, engaged with 88, explored multiple technologies, and onboarded 21 startups as business partners through commercial engagements. The initiative remains focused on fostering open innovation with startups worldwide, both domestic and international, to co-create an ecosystem where Maruti Suzuki can leverage deep tech and the latest technologies from across the globe.

After enduring substantial financial losses during the covid-19 pandemic, Gagneesh Kumar, a plant manager from Rudrapur, Uttarakhand, is reassessing his investment strategy as he nears his mid-40s.

Reserve Bank of India has set up an expert panel to benchmark India's statistics to global standards and improve them as needed, the central bank said on Monday. RBI's Deputy Governor Michael Debabrata Patra will chair the expert committee of 10 members. The panel will submit its report by the end of November 2024. The expert committee will be tasked with benchmarking the statistics regularly disseminated by it against global standards and best practices. It will also study the quality of other regular data where such benchmarks do not exist, including for sectors of national priority. Finally, the panel will provide guidance on the scope for any further data refinement.

₹1 crore, an employee pays about ₹30 lakh tax. This 30% tax outgo is under the new tax regime and includes a 10% surcharge and 4% cess. The employee can save some tax by opting for the old regime if he can make tax-saving investments and has expenses of at least ₹4.84 lakh.

The family of a French explorer who died in a submersible implosion has filed a more than $50 million lawsuit, saying the crew experienced “terror and mental anguish” before the disaster and accusing the sub’s operator of gross negligence.Paul-Henri Nargeolet was among five people who died when the Titan submersible imploded during a voyage to the famed Titanic wreck site in the North Atlantic in June 2023. No one survived the trip aboard the experimental submersible owned by OceanGate, a company in Washington state that has since suspended operations.Known as “Mr.

Ola Electric today surged 11% to its fresh high of Rs 101.29 on BSE on the second day after its listing on the stock exchanges. Ola Electric was listed on Friday, August 9 disappointing investors as it got listed at par with the issue price of Rs 76. However, later during the day, the stock surged 20% to hit an upper circuit high of Rs 91.20 on NSE.