Experts Financial News

Cab drivers and bikers at red lights in June in Tehran tap away furiously on their mobile phones, ignoring police officers

₹75, which is 7.14% higher than the issue price of ₹70. Following a tepid listing, stock gained over 12% trading at ₹78.75 apiece at 10:10 IST. The price band for the United Cotfab IPO was set at ₹70 for each equity share, which has a face value of ₹10.

Stanley Lifestyles IPO: The initial public offering (IPO) of Stanley Lifestyles Limited commenced on 21st June 2024, and will continue until 25th June 2024. The IPO was met with a strong response from primary market investors, with the public offer being fully subscribed on the first day of bidding.

The Nifty future closed negative with losses of 0.52% at 23460 levels on Friday. India VIX was down by 1.24% from 13.34 to 13.18 levels.

Out of the lot, two are Nifty companies, i.e., Titan and IndusInd Bank, along with other names like Bajaj Holdings & Investment, Voltas, REC, etc.

Buy or sell stocks for today: Following weak global market cues, the Indian stock market ended lower on Friday last week. Among the frontline indices, the Nifty 50 index dropped 65 points and closed at 23,501, while the BSE Sensex lost 269 points and closed at 77,209.

Reinsurance and coinsurance are not the supply of a service and, hence, not liable to tax, according to a decision by the Goods and Services Tax (GST) Council on Saturday. This spells a significant breather to insurance companies facing thousands of crores in tax demands. The GST Council also recommended clarifications on taxability of reimbursements of securities or shares as employee stock option plans given by a company to its workers. Officials said exemptions would be conditional and notified later. Coinsurance, in this instance, refers to insurers sharing insurance-bearing liabilities. Reinsurance is the cover an insurer buys to insure itself through the payment of premiums. The industry has contended that GST should only be paid by one company in this chain. However, the Directorate General of Goods and Services Tax Intelligence (DGGI) last year issued notices to about 20 insurance companies raising tax demands of about Rs 12,000 crore for non-payment of GST on coinsurance and reinsurance premiums. Apex grouping General Insurance Council had lobbied the government, seeking clarity. It submitted that the levy of GST on all firms amounted to double taxation.

An influential politician in the Philippines, who has been a cheerleader for natural gas power, is behind a company that planned to make a fortune from it, an Associated Press investigation has found

Days before the National Transportation Safety Board is set to explain why first responders were wrong to blow open five tank cars and burn the toxic chemical inside after the East Palestine derailment, Norfolk Southern said Friday it plans to lead an ...

Most of India’s 120 million farmers depend on rain from monsoons for a good harvest

₹10,000 he earns as an “errand boy" is just enough to keep his family going. Not surprisingly, the educated, underemployed young man is frustrated and angry. And he is not alone—a multitude of disgruntled youth across the country find themselves in a similar predicament.

CBI) registered First Information Report (FIR) in connection with alleged irregularities in NEET-UG examinations. The Ministry of Education on Saturday entrusted the matter of alleged irregularities in the NEET (UG) Examination 2024 to the Central Bureau of Investigation (CBI) for a comprehensive investigation. CBI has been handed charge by the Centre to probe irregularities in both UGC-NET and NEET-UG examinations. «National Testing Agency (NTA) conducted the NEET(UG) Examination on May 5, 2024 in OMR (Pen and paper) mode. Certain cases of alleged irregularities/cheating/impersonation/malpractices have been reported. For transparency on the conduct of the examination process, the Ministry of Education, Government of India, after a review has decided to entrust the matter to the Central Bureau of Investigation (CBI) for comprehensive investigation. Central Government has also enacted the Public Examination (Prevention of Unfair Means) Act, 2024, to prevent unfair means in public examinations and to provide for matter connected therewith or incidental thereto,» the government said.

Stock Market News: Profit-booking took centre stage on Friday's session, prompting the domestic benchmark indices, the Nifty 50 and Sensex, to give up early morning gains and remain in the negative throughout the day's trading.Market experts noted that the market breadth too favoured the bears as only 18 stocks in Nifty 50 marched higher against 32 stocks which slid down. Interestingly, in broader markets, Nifty MidCap 50 finished slightly above the dotted lines.

So you have your credit card and your bank has given you an offer of some tempting loan offers. You have been eying those money splurging dreams that you have been waiting so hard for, that trip to Bali or London, that fancy bike, that LCD TV, etc. You have the urge to max out your credit.

The crypto world is famous for being all over the place, with trends shifting all the time. Celebrity memecoins are usually the talk of the town because they go viral and have the potential for big wins or losses. But lately, experts have been noticing a big change in how things are going, especially with meme coins like DOGE and SHIB. Some experts think these memes might be losing their sparkle, but Rebel Satoshi (RECQ) is flipping the script with a story that stands out from the crowd.

India and Bangladesh signed 10 memoranda of understanding (MoUs) following the meeting of Prime Minister Narendra Modi and his counterpart Sheikh Hasina in New Delhi, with both leaders endorsing a vision statement on peace and prosperity that underscored longstanding ties between the two nations. Three of the pacts were renewals of existing accords. The Bangladeshi Prime Minister’s visit is the first by a head of state or government after the inauguration of the new Modi government and comes ahead of her trip to Beijing. The Modi-Hasina talks focused on boosting defence ties, management of the Mongla port in Bangladesh and cross-border power trade. Defence Services Staff College, Wellington, and Defence Services Command and Staff College, Mirpur (Bangladesh) will cooperate in the field of strategic and operational studies. ET had first reported last week that defence ties will likely get a boost at the meeting.

research. Besides grades, extra-curricular activities, and self-studying online courses from reputed institutions, doing research while in school is vital for getting admission in top universities abroad, various study abroad experts said. Piyush Kumar, regional director, South Asia and Mauritius, at IDP Education, said Ivy League institutions seek students who go the extra mile by engaging in «super curricular» activities like entrepreneurship ventures, startups, small businesses and writing research papers.

gas crater in the Turkmenistan desert known as the "Gates of Hell" has been blazing for more than fifty years. The Darvaza gas crater is another name for it, and it was named after a nearby village. There is fire and methane gas inside the crater.

Foreign portfolio investors (FPIs) seemed to have shrugged-off their selling trends of the last two months turning net buyers as we reach towards the end of the June series. As on June 21, they had bought Indian equities worth Rs 12,170 crore. From the position of being net sellers till last week they came a long way at the end of this holiday-shortened week. In the first week of June they were net sellers of domestic equities at 14,794 crore but narrowed the sale figures to Rs 3,064 crore at the end of the second week.