Experts Financial News

Mint. However, this does not mean investors should sink into a morass of melancholy. “While this shift may occur gradually, investors should consider strategies to mitigate the impact.

States' Share of Taxes and Duties (21%)The largest portion of the budget is allocated to states, funding crucial projects in infrastructure, health, and education.Interest Payments (19%)A significant 19% of the budget is dedicated to servicing national debt. This commitment underscores the importance of maintaining financial stability and ensuring that past borrowings do not hinder future fiscal plans.Central Sector Scheme (16%)Central sector schemes, excluding capital outlay on defense and subsidies, receive 16% of the budget.Defence (8%)8% of the budget is allocated to defense.

The White House is coming out in favor of “open-source” artificial intelligence technology, arguing in a report Tuesday that there’s no need right now for restrictions on companies making key components of their powerful AI systems widely available

Labradors, and German Shepherds, which can smell human remains and even the faintest of breath buried deep under mud, are on their way to the landslide-ravaged Meppadi in Wayanad.

The U.S. Geological Survey says a series of earthquakes have been hitting West Texas and it’s highly likely they are being caused by oil and gas activity

DLF, Bata India, and Sundaram Finance among 16 companies will likely remain in focus today as they had declared July 31 as the record date to determine the eligible shareholders for the dividend payment. This means that today is the last day to buy the shares of these companies to be able to qualify for the dividends announced.

Rail Vikas Nigam (RVNL) surged 3.3% to its day’s high of Rs 626.65 on BSE after the company emerged as the lowest bidder for the development of distribution infrastructure in Himachal Pradesh by the Himachal Pradesh State Electricity Board (HPSEBL). The company has also informed that the total contract size of the project is around Rs 739.07 crore and the estimated time for the completion of the said project will be around 24 months.

Sovereign Gold Bonds (SGBs) are an important investment option for retail individual investors. Any change in the taxation of SGB will have a material impact on your total returns. Budget 2024 has proposed several changes that may directly affect the taxability of your SGB investment if it is sold before maturity or prematurely redeemed.

LTCG) tax on unlisted securities to 12.5% from 20% could benefit startup staffers holding employee stock option plans (Esop), if their shares are bought by an investor during a secondary funding round, founders and tax experts said.

government has finalised the draft of the rules proposed to be enacted under the Digital Personal Data Protection (DPDP) Act 2023 and hopes to release them for public consultation in the second or third week of August, sources told ET. The rules are expected to be notified after the current session of the Parliament concludes, sources added.

₹185 trillion, or 56.8% of the GDP, during 2024-25, minister of state for finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. According to the International Monetary Fund, World Economic Outlook, April 2024, India's GDP at current prices has already reached $3.57 trillion in 2023-24. Experts said the Centre could look to stabilise the fiscal deficit at 4% after 2025-26, by targeting a range of 3.7%-4.3%.

JPMorgan Private Bank is making moves in Tennessee as it names a new leader for its private banking division in the state.

Vanilla, the estate planning-focused fintech provider, is helping to raise the bar on estate planning across the wealth space as it revives a key advisor education initiative.

₹72-76 per share, valuing the company at $4 billion ( ₹33,522 crore) at the upper end, a sharp discount to the $5.4 billion valuation it commanded in its last private funding round in September. The Bhavish Aggarwal-led company is looking to raise ₹6,146 crore by selling investors an ecosystem-led electric vehicle (EV) growth story, with investments in making cells and components. Of this, ₹5,500 crore will be raised through the issue of fresh equity while about ₹646 crore will be through an offer for sale by existing shareholders.

On Wednesday, Federal Reserve officials wrap up their latest policy meeting and aerospace giant Boeing reports its second-quarter earnings

AWS) has launched a two-week pop-up, GenAI Loft, aimed at fostering innovation and community in the evolving landscape of generative artificial intelligence technology in Bengaluru on July 29. The loft is open to visitors till August 9.

RBI) is planning a five-episode web series to provide an in-depth presentation about its functions and its 90-year journey. The web series is proposed to be for nearly three hours, with each episode having a duration of 25-30 minutes, according to an official document.

AIA Engineering via a filing on Monday announced that the company’s board might consider a buyback of its shares in its upcoming meeting. Following this announcement, the shares of the company jumped 7% to its new all-time high of Rs 4,690 on the BSE. “The meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, August 07, 2024, to consider a proposal for buy-back of equity shares of the company and other matters incidental and necessary thereto, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws,” said the company in a filing to the exchanges.

deadline for filing an income tax return (ITR) for FY 2023-24 (AY 2024-25) is July 31, 2024. This deadline applies to people whose accounts are not required to be audited. Missing the ITR filing deadline carries both monetary and non-monetary implications.