Experts Financial News

The Nifty Future closed positive with gains of 1.88% at 24,915 levels on Friday. India VIX was down 2.93% from 12.62 to 12.25 levels.

deductions under Section 80 or giving more exemptions have been sorely disappointed. The Budget has not made any change in the old tax regime, but proposed some tweaks in the new tax regime to make it more attractive. The Budget may have also increased the tax outgo for many taxpayers by hiking the tax on capital gains and removing the indexation benefit that applied to property,hybrid mutual funds and gold. Changes in new tax regime

In a bid to spread the net wider and make the National Pension System (NPS) scheme more attractive, the government has brought private sector employees at par with government staffers in terms of the tax gains that the pension scheme offers.

income tax provisions could raise the tax liability of people who let out their property as homestay.

₹1,457 crore and involved 29,082 transactions, higher than both FY22 and FY23, as per the RBI’s annual report. Experts said mule accounts are used by scamsters for digital frauds that involve transferring money out of the victim’s bank account into a chain of accounts, making it harder to trace such funds. Typically, the mule accounts involve up to 15 accounts in a distribution chain, and this entire chain is kept ready at any point—with scammers tasked with live-tracing which accounts are operational, and which are not.

illegal dyeing units. The untreated toxic chemicals used in the dyeing process flow into nearby gutters, turning them deep blue.

terrorist activities in the otherwise peaceful Jammu region, security experts have suggested a comprehensive reassessment of the existing counterterrorism strategies employed by security forces. Retired Lieutenant General D S Hooda, former General Officer Commanding-in-Chief of the Udhampur-based Northern Command, emphasised the urgent need for a proactive approach to counter the evolving terrorist tactics.

Indian athletes to the Paris Olympics. Companies such as JSW, Reliance, Adani and Tata Steel, and others, have generously shelled out hundreds of crores for development of Paris-bound Indian athletes.

Paris Summer Olympics expect a flurry of cyberattacks, and with good reason. Russia is shut out of the Games; geopolitical tensions in the Middle East and the South China Sea are running high; cybercriminals continue to bombard computer networks with hacking attempts.

warships arrived in Cuban waters on Saturday, Moscow's second such maritime voyage in as many months in a reflection of deepening ties between Russia and Cuba.

stock in the ratio of 1:5 meaning that for each stock with a face value of Rs 5, there will now be 5 shares with a face value of Re 1. “Sub-division/ split of each equity share of the Company having face value of Rs.5/- (Rupees five only) each, fully paid-up, into 5 (Five) equity shares having face value of Re.1/- (Rupee one only) each, fully paid-up, by alteration of the Capital Clause of the Memorandum of Association of the Company,” the company informed the exchanges.

NTPC on Saturday reported a standalone net profit of Rs 4510.98 crore for the quarter ended June 30, 2024, up by 11% YoY, while the revenue from operations went up to Rs 44,419.22 crore in the same period. The revenue from operations was up by 13.5% on a year-on-year basis from Rs 39,122.25 crore in the same quarter a year ago.

10 Great Children’s Books for Talking About Surgery, Sickness and Feelings, on the website of University of Michigan, which continues to be pertinent. “Oftentimes, we’ll find that parents don’t know what to say to their child about surgery, for instance, so they don’t tell them anything. Books can help kids prepare for what to expect at their level," it quotes Andrea Rentz, a certified child life specialist, who looks for accurate information, a suitable balance of words and images, and an age-appropriate yet honest approach to the subject matter in such titles.

equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and mature equity investment environment.

Mahantesh Sabarad, Independent Market Expert, says the RBI is now worried more about the liquidity conditions that most of the private banks maintain. Now it is likely to bring in the next round of reforms in terms of the LCR exposure. Huge banking transactions are happening online and there are concerns related to the security of online transactions and liquidity positions of banks because the systems can get hit by a huge liquidity surge. Intraday the banks look slightly under pressure, but over the week it seems they have done pretty well. But, it is the other way around. Over the week, banks seem to be under pressure. Intraday they have done well. What is your opinion on the RBI draft circular that we saw coming in for banks? What kind of impact are you foreseeing for the banks? Mahantesh Sabarad: Primarily the RBI in the past was very concerned about the asset quality of the banks and therefore, we saw a big compression in terms of NPAs gradually easing out of the system. That done, the RBI is now worried more about the liquidity conditions that most of the private banks maintain.

You can now invest in ether (ETH), the native token of the Ethereum blockchain, by putting money into one of the nine spot ether exchange traded funds that began trading Tuesday. But should you?

National Company Law Tribunal (NCLT) has listed Walt Disney-owned Star India and Reliance Industries (RIL)-promoted Viacom18's merger application for hearing and final disposal on August 1.

Military veterans have spent years lobbying for the use of psychedelic drugs to treat PTSD, but a sharply critical review of the club drug MDMA has put the therapy's approval in doubt

Dolly Khanna made significant changes in her portfolio in the quarter ended June 30, 2024 where she added five smallcap counters while raising stakes in four others. She also slashed her holding in three smallcap stocks. Among the new additions were Emkay Global Financial Services (1.63%), Super Sales India (1.06%), Nile (1.10%), Tinna Rubber and Infrastructure (1.03%) and Ujjivan Small Finance Bank (1.07%). In these Emkay Global, Nile and Tina Rubber have been multibaggers, delivering returns of 120%, 177% and 349% over the last one year. Super Sales, on the other hand, has given returns of 58% in this period.

Apple has cut the prices of iPhones by 3-4% across its entire portfolio allowing customers to save anywhere between Rs 5100 to Rs 6000 if they are buying a Pro or Pro Max model. The Made-in-India iPhones including 13, 14 and 15 have also seen a decrease of Rs 3000 while iPhone SE will be cheaper by Rs 2300.