Experts Financial News

Amit Premchandani, Senior Vice President and Fund Manager – Equity of UTI AMC is positive about the BFSI (banking, financial services and insurance) sector due to impressive loan growth, robust asset quality and adequate liquidity. He is also neutral to positive on the IT sector and believes value is emerging in the large-cap IT space. In an interview with Mint, Premchandani also shared his views on how the General Election outcome could impact the domestic market and what should investors do with mid and small-cap segments.

Vijay Kedia portfolio: Ace investor of the Indian stock market Vijay Kedia's company kedia Securities name has appeared in the shareholding pattern of Reliance Infrastructure Ltd. kedia Securities' name has appeared in the shareholding pattern of Anil Ambani-led company's shareholding pattern for the January to March 2024 quarter. The market magnate owns a 1.01 percent stake in this Reliance ADAG company.

Finland’s Tax authority has found profits from sales of unreported crypto gains in 2023, amounting to  €30 Million ($31.9 million). As a result, the EU nation has mandated reporting of income from the sale of mining digital assets.

Companies are increasingly investing in office fit-out, prioritising higher specifications to enhance employee engagement and wellbeing, aiming to boost attendance, retention and attract new talent, according to experts. Data from Savills India shows a significant shift in office fit-outs, with about 35% now categorised as standard, 50% as mid-grade and 15% as high-grade, compared with pre-pandemic figures of 60%, 30%, and 10%, respectively, indicating a growing preference for premium spaces. «This trend supports the hypothesis that office occupiers are placing greater emphasis on higher-spec offices compared to a decade ago, with the aim of attracting and retaining talent by offering superior work environments,» Savills India chief executive Anurag Mathur said.

The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor's portfolio.

Royal Challengers Bengaluru (RCB) star batter Virat Kohli faced a controversial dismissal during the IPL 2024 match against Kolkata Knight Riders (KKR) at the Eden Gardens in Kolkata. Kohli's frustration was evident as he engaged in a heated exchange with the on-field umpires before storming off the field. Despite Kohli's efforts to defend, he was eventually adjudged out, leading to a major controversy in the match. Kohli's Frustration Erupts

Prince Harry and Meghan Markle can revive their popularity: Expert suggests 5 things for Duke, Duchess of Sussex Royal expert and Markle's former friend Lizzie Cundy, strongly criticised the timing of the youngest royal duo's projects. Cundy alleged that Markle is failing to gauge public sentiment while attempting to emulate Gwyneth Paltrow's reinvention track.

Reliance share price: Shares of Reliance Industries Ltd (RIL) are trading flat ahead of the announcement of Q4 results 2024. RIL share price today opened with an upside gap at ₹2,644.90 apiece on NSE and went on to touch an intraday high of ₹2,949.70 per share mark within a few minutes of the stock market's opening bell.

₹95, indicating strong 90% listing gains for the Investors The IPO had opened for subscription on 12 April, 2024 and closed on 16 April, 2024. The Investors had been anticipating strong opening and significant listing gains as was evident from Grey Market premium and subscription numbers. Greenhitech Ventures IPO subscription was subscribed 769.95 times by day 3.

Strait of Hormuz is a narrow marine corridor situated between Oman and Iran and spans approximately 40 km at its most constricted section, providing 2 km of navigable waterways for vessels entering and exiting. India imports 85% of its crude oil requirements from Saudi Arabia, Iraq, and the UAE and LNG from Qatar.

Centre for Ecological Sciences (CES) of Indian Institute of Science, Bengaluru, figured a way for the IT hub to stay water surplus. On an average, 20.05 TMC (thousand million cubic feet) of water is required every year for domestic purposes, CES's technical report established. Of which about 16.04 TMC, about 80 percent, could be met just by treating sewage water, suggested the report. Add to this, the rain yield, which is about 14.80TMC a year and Bengaluru could easily meet its water needs, the report stated. Cut to 2023. Some apartment owners of Emmanuel Heights in Hosa Road, Sarjapur, proposed setting up a sewage treatment plant in October. Little did they know that it would take them almost six months to convince the others. «They all agreed only after the firm setting up the sewage treatment equipment put it in the agreement that they will buy all the treated water. Many people were adamant that not a drop of the treated water should be used inside the complex. Forget drinking, they did not even want the treated water for watering the plants, because they have the tulsi plant,» said Gopidas, a software engineer at Amazon who resides at Immanuel Heights. S Vishwanath, Bengaluru's go-to man for water conservancy and director of Biome Environmental Solutions is a long-time advocate of treated wastewater for drinking. According to him, it is now all in the mind, as science has already shown that it is perfectly fine to drink treated wastewater.

₹19.58 lakh crore. This was also more than the revised and original budget estimates, as per the latest disclosure made by the tax department, as per news agency PTI report. This is because the FY23-24 net collections of income and corporate taxes, constituting the bulk under the head "direct taxes," exceeded the initial budget estimate by ₹1.35 lakh crore (7.40 per cent) and 13,000 crore from the revised estimate.

₹135.04 crore) and Radhe Shyam ( ₹151 crore), both starring Prabhas, Akshay Kumar’s Samrat Prithviraj ( ₹68.07 crore) and more recently Bade Miyan Chote Miyan ( ₹47.52 crore), Salman Khan’s Kisi Ka Bhai Kisi Ki Jaan ( ₹101.44 crore), Ranveer Singh’s ’83 ( ₹103.68 crore) and Cirkus ( ₹35.79 crore) and Shroff’s Ganapath ( ₹11.09 crore) and Heropanti 2 ( ₹24.91 crore), among others, proved to be disasters at the box office despite much hype and anticipation. Trade experts said there is caution on the part of both stars and makers who want the project to first seem feasible on paper before making announcements.

United States on Friday said it has imposed sanctions on three China-based companies and one from Belarus for allegedly supplying missile-applicable items for Pakistan's ballistic missile programme, including long-range weaponry. The companies are Xi'an Longze Technology Development, Tianjin Creative Source International Trade and Granpect Company Ltd from China and Minsk Wheel Tractor Plant from Belarus. «The Department of State is designating four entities pursuant to Section 1(a)(ii) of Executive Order 13382, which targets proliferators of weapons of mass destruction and their means of delivery,» said state department spokesperson Matthew Miller.

I have taken a home loan in May 2022. I got possession of the flat in March 2024. I will get the income tax benefits in respect of interest paid as well as the principal amount repaid. It is my second house. The house will also be used by my parents. The first house is self-occupied.

BJD), led by Naveen Patnaik, has taken a unique approach to announcing its candidates for the upcoming assembly elections in Odisha. The approach, nicknamed "Formula 9," revolves around the number nine and its multiples, creating an intriguing pattern in the candidate announcement process. It all began with the first list released on March 27, featuring 72 candidates (7+2=9). This pattern continued in subsequent lists, with the number nine serving as a central theme. The initial Lok Sabha candidates' list, also released on March 27, contained nine names. The second list included 27 candidates (2+7=9), and the following rounds saw nine candidates per list. The cumulative numbers after each round were all multiples of nine: 72, 99, 108, 117, 126, and 135. As of now, BJD has 12 candidates left to announce after its sixth list was released on Saturday. While some BJD leaders claimed ignorance of the pattern, BJD insiders suggest there's a strong belief in the auspiciousness of the number nine, which has deep connections with Jagannath culture in Odisha. Prafulla Mishra, a Sanskrit scholar, mentioned, «Lord Jagannath's Rath Yatra (car festival) goes on for nine days, representing nine planets. The chariot of Lord Jagannath has nine Parswa Debatas (side deities).» This connection may explain why Naveen Patnaik chants «Jai Jagannath» before announcing the names of the candidates in every round.

Ethereum was all set to pump thanks to Hong Kong’s spot ETH approval. However, it was cut short due to the tension surrounding the Iran-Israel conflict. Experts still believe that once the smoke blows away, Ethereum will pump in value as the news of its spot approval goes viral. 

To the extent that giving immense returns for little endeavors, cryptocurrency has exhibited to engage that. With the right cryptocurrencies, it is the speediest course to achieving autonomy from the futile way of life in the advanced cash natural framework.

edged lower amid excessive volatility and lost over one and a half per cent, tracking feeble global cues. The tone was negative from the beginning, which further deteriorated with a decline in world indices however rebound on Friday trimmed some losses. Benchmark indices Nifty 50 and Sensex, settled at 22,147 and 73,088.33 levels respectively.

Israel ended with relief Friday after Tehran declared it had defeated what it said was a small attack on its territory by Israeli drones. But while the strike, which Israel didn’t officially claim, avoided touching off fresh escalation for now, there was no escaping that the tit-for-tat exchange ushered in a new era where the two adversaries look more willing to fight each other directly rather than through proxies. And that, government officials and experts fear, could lead to open war.

new income tax regime offers several benefits, including a simplified tax structure with lower rates, reduced tax liability, and increased disposable income for taxpayers. By eliminating various deductions and exemptions, it streamlines tax compliance, saving time and effort for taxpayers.