Experts Financial News

Stock market today: The Indian stock market extended its upside movement for the third straight session on Wednesday. The Nifty 50 index finished 147 points higher at 23,868, whereas the BSE Sensex shot up 620 points and closed at 78,674. The Bank Nifty index ended 264 points higher at 52,870.

Dividend stock 2024: Titan stocks will be in focus when the Indian stock market opens today as the Tata group shares will trade ex-dividend today. This means that if you buy Titan shares today, you will not be entitled to the recently declared dividend. On 3rd May 2024, the company board declared a ₹11 per share dividend for its eligible shareholders.

Mint looks at issues surrounding poverty measurement and the need for having a more modern model. Poverty is measured by first arriving at a poverty line, the minimum level of income required to buy bare minimum necessities and then identifying those who fall below it by looking at household consumption surveys. The poverty threshold varies from country to country according to people’s social and economic conditions.

Nifty and Sensex extended their winning streak to a second day of fresh all-time highs on Wednesday, led by investor appetite for bluechips such as Reliance Industries and Bharti Airtel. Market experts are bullish in their sentiment and see the Nifty crossing 24,000 levels in the near term. NSE's Nifty rose 147.5 points, or 0.62%, to close at 23,868.8 and hit a record of 23,889.90 during the day. BSE's Sensex rose 620.73 points, or 0.8%, to end at 78,674.25, having touched an intraday high of 78,759.40.

Buy or sell stocks for today: The Indian stock market extended its upside movement for the third straight session on Wednesday. The Nifty 50 index finished 147 points higher at 23,868, whereas the BSE Sensex shot up 620 points and closed at 78,674.

NEW DELHI : The Union budget in July is likely to restore the concessional 15% corporate tax rate for new manufacturing facilities, a scheme introduced in 2019 that expired on 31 March this year, two persons aware of the matter said. The plan now is to extend this scheme by one to two years to facilitate fresh manufacturing investment, which is a priority for the National Democratic Alliance (NDA) government, one of the two persons cited above said on condition of anonymity. The Centre wants to give a strong thrust to the manufacturing sector as it could generate well-paid employment to a large number of people currently engaged in low-paid farm activities.

GST Intelligence (DGGI) has sent fresh summons to online gaming companies, including Delta Corp, seeking details of the cashback given to the players from October onwards. The agency detected reimbursements of taxed money back to players as cashback in a separate promo account by online gaming companies post implementation of the 28% GST (goods and services tax) on the full entry level betting amount. The DGGI Gurgaon has sent summons for a period between October 2023 and June 15, 2024, ET has learnt.

When you’re shopping for a new SUV that will save you money on gas, a hybrid or a plug-in hybrid is the way to go — unless you don’t want to go that way

Kalki 2898 AD, also featuring Amitabh Bachchan and Kamal Haasan, will hit the screens on Thursday. Originally in Telugu, it is releasing in Hindi as well, apart from the other three south Indian languages, and builds on the southern film template of action and spectacle, while boasting a pan-India star cast.

bandhgalas, blouses, pantsuits and jumpsuits. Given the variety of supply, many fashion-conscious people are experimenting with double denim, making the look one of the “it" trends of this year. But how to ace the denim on denim look? We asked some experts for suggestions.

Stock market today: MIC Electronics shares, a prominent multibagger stock, have shown significant growth in the Indian stock market. The small-cap stock with a market cap of ₹1,651 crore has risen from around ₹23.25 to ₹74.60 per share in one year, recording over 220 percent rally in this period.

₹25586 crore worth of equities in May and have remain net sellers worth ₹8536 Crore in equities during the calendar year till date, however have net bought ₹14828 Crore worth of equities in June till 25th, as per NSDL data. All eyes are on sustenance of the trend.The Lok Sabha Elections are behind us and the uncertainties associated with the new government are behind us and hence there is some amount of buying being observed by FPI's, with economic data also remaining supportive, said experts.

ITC and Bharti Airtel’s weights in Nifty is expected to go up in the quarterly rejig which gets into effect on Thursday, triggering combined inflows of $95 million according to estimates by Nuvama. Individually, ITC’s weight could go up by 10 bps to 3.7% resulting in potential inflows of $59 million while Airtel’s weight could go up to 3.6%, up 10 bps resulting in inflows of $36 million.

Multibagger stock: Hazoor Multi Projects shares are one of the multibagger stocks that the Indian stock market has delivered in the recent years. Once a penny stock, this multibagger stock has ascended from around ₹1.50 per share to ₹354 apiece, logging around 23,800 percent rally in five years.

₹125.70 and ₹127 respectively. The stock quickly gained momentum, reaching an intraday high of ₹133.35 on NSE and ₹131.95 on BSE.

₹7 lakh, wider tax slabs, and lower surcharges for the super rich. However, the last three budgets have not seen any new benefits or deductions under the old regime to reduce taxpayers' net tax liability or provide additional incentives for investments or certain expenses. It is clear that the government aims to encourage taxpayers to switch to the simpler new tax system.

Section 80C provides income tax benefits of up to ₹1.5 lakh to salaried individuals for investing in income tax saving instruments like the Public Provident Fund (PPF), five-year fixed deposit (FD), ELSS, National Savings Certificate, etc. Personal Finance experts believe Finance Minister Nirmala Sitharaman should hike the 80C deduction ceiling while presenting the first Union Budget of Modi 3.0 govt.The clamour to increase the limit for Section 80C deductions primarily arises due to several reasons:1)The current limit of ₹1.5 lakh under Section 80C was set in 2014 when Late Arun Jaitley was the finance minister .With inflation and increased living costs, individuals find it challenging to save enough within this limit while meeting their other financial obligations.Clear CEO Archit Gupta proposes revising the Section 80C limit, which has stagnated since 2014 despite increasing inflation rates.

₹51 crore from anchor investors.The ₹171-crore IPO is an entirely fresh equity share issue without any component of an offer-for-sale. On June 26 and 28, shares will be available for public subscription at a price per share between ₹195 and ₹207.The company intends to use the revenues from the IPO for general corporate purposes and expansion initiatives at the Bilaspur site.Under the Vraj brand, the firm produces sponge iron, M.S.

Ludhiana & Delhi-based real estate developer Hampton Sky Realty Ltd, formerly known as Ritesh Properties and Industries Ltd (RPIL), has announced its plans for constructing luxury hotels in collaboration with esteemed luxury hotel chains.

We are all familiar with the fact that investing in tax-saving avenues such as life insurance, NPS, PPF, ELSS, Sukanya Samriddhi Scheme, NSC, among others, is necessary to save tax. However, not many of us are aware of the different tax provisions that can help us reduce our tax liability without making any investments.

Union Budget 2024: With just about a month to go before the union budget, the finance ministry has started its routine meetings and consultations with various stakeholders from the industry and social sectors. Among many proposals before the finance ministry, one pertains to tax relief for salaried taxpayers, according to reports.