Experts Financial News

Dwarikesh Sugar buyback 2024: The board of directors of Dwarikesh Sugar Industries Ltd has declared a buyback of shares not aggregating beyond ₹31.50 crore. Dwarikesh Sugar buyback price has been fixed at ₹105 per equity share. The company board in its meeting held on 8th March 2024 took this decision and declared 20th March 2024 as the record date for the buyback of shares.

NEW DELHI : Smaller regional language industries such as Malayalam, Kannada, Marathi, Bengali and Gujarati saw a dip in footfalls and revenue in 2023 despite ticket prices not rising, according to media consulting firm Ormax. This comes in a year when Hindi language box office collections may have crossed the ₹5,000 mark. Film industry experts attribute it to a challenge of quality content in these markets.

Bitcoin price today: After hovering above the $68,300 threshold, the Bitcoin price finally tested the $70,000 level and touched a new peak of the $70,136 mark in the last 24 hours. However, the virtual currency price didn't sustain long at higher levels and retraced from this peak profit-booking soon trigger. The Bitcoin price today is $68,245.48, a change of 1.80 percent over the past 24 hours as of 8:00 AM.

Gold rate today: The record run in gold prices continued throughout this week as expectations of the US Fed rate cut gained momentum after Jerome Powell's testimony before the US Congress. Spot gold price settled at a record high on Friday after briefly topping the $2,200 mark.

Elon Musk took over the platform. The others were former U.S. Treasury Secretary Larry Summers and Quora CEO Adam D’Angelo, the only member of the previous board to stay on.

panel for a comprehensive review of the country's statistical systems, which have been criticised for poor survey methodology and delayed report releases. The decision to set up an expert committee to look into all the issues related to data was taken at a review meeting held by the Prime Minister's Office (PMO) in February, people familiar with the deliberations told ET. «The committee is likely to find solutions for addressing recurring concerns over data quality,» one of the persons said. «PMO also favoured a tech upgrade of the entire system,» the person said.

Election Commissioner within the next few days, 2024 is likely to be the first Lok Sabha election since 1996 when the poll panel will announce and conduct general elections steered by a two-member commission instead of the customary three-member one. The Election Commission of India (ECI) has been a multi-member body since the 1990s and has conducted eight Lok Sabha elections in such a format. Only in two cases, that is during the 1999 and 2009 Lok Sabha polls, was the three-member ECI rendered short by one member, due to members' retirement in the middle of the election cycle.

New Delhi: The government has dropped its plan to amend the bankruptcy law to introduce a special regime for real estate developers, letting creditors instead decide whether individual projects of a distressed developer should be sold piecemeal or as a whole. Last month, the bankruptcy rule maker granted creditors such flexibility, and the government wants to first see how this works, two persons informed about the development said.

NEW DELHI : New Delhi: Big Tech firms such as Google, Microsoft and Nvidia are expected to lead India's efforts to develop a centralized computing infrastructure, which the India AI Mission, approved by the Union Cabinet on Thursday, envisions. For these firms, creating artificial intelligence (AI) computing infrastructure will entail strategic investments in India’s developing technology ecosystem, industry experts and stakeholders said.

₹22,419 crore in Indian debt markets last month, extending the positive momentum picked up in 2023. The benchmark indexes Nifty 50 and BSE Sensex, which were little changed in January amid foreign outflows, gained more than one per cent last month on FPI buying and robust domestic inflows. FPI inflows are likely to increase further due to India's rising share in the MSCI Emerging Markets index, global brokerage firm CLSA said in a note.

40% price increase in the past week. Pullix has scored a potential listing on Uniswap and BitMart, making it one of the best DeFi projects in the market. Its upcoming launch in the next few weeks also adds more allure to the project, as market experts have forecasted a 100x surge after its launch.

Indian Army, in conjunction with the Indrani Balan Foundation based in Pune, has extended a lifeline to Master Burhan, a 9-year-old boy hailing from Baramulla, Kashmir. Suffering from a critical heart condition, Master Burhan found himself in dire need of medical intervention, a need that was promptly met by the collective efforts of these two entities. Master Burhan, a student at the Dagger Parivaar School in Baramulla, faced not only the challenge of his health but also the burden of financial constraints within his family. However, the timely intervention of the Indian Army and the Indrani Balan Foundation ensured that he received the necessary medical attention without delay. With the support of the Dagger Division, Burhan underwent an initial evaluation at Government Medical College, Baramulla, on December 22, 2023. With a coordination between medical experts from both the Indian Army and the Indrani Balan Foundation, Pune, Master Burhan was swiftly transported to the Army Hospital Research and Referral Hospital in Delhi Cantt. There, a team of doctors and professionals helped Burhan to navigate through the medical and financial hardships.

spectrum auction starts May 20 where the government will put airwaves in eight key bands worth Rs 96,317.65 crore on sale. The Department of Telecommunication (DoT) on Friday issued the notice inviting application (NIA), which outlines the auction rules, seeking participation from telecom firms. In the upcoming auction, 5G airwaves in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz bands will be on sale.

Short-term traders can look to buy the stock now for a target above Rs 700 levels in the next 2-3 months, suggest experts. Shares of Ambuja Cement rose from Rs 501 as of December 6, 2023, to Rs 603 recorded on March 7, 2024, an upside of about 20% in just 3 months.

Two tokens have recently captured the attention of investors: Shiba Inu (SHIB) and PEPE. Meanwhile, there is a growing enthusiasm for algorithmic trading, and this is where newcomer Algotech (ALGT) thrives.

I presume that it would be legal for taxation purpose in case we form a HUF with the following structure as we have 2 coparceners.

Gone are the days when money management was solely perceived as a man's domain. Today, women are breaking gender barriers in business, challenging societal norms where financial independence was traditionally seen as a male privilege.

Several tax-related initiatives can encourage women's participation in the stock market. The declining number of demat accounts among women is a concerning trend, highlighted by CA Sandeep Agrawal, Director and Co-founder at Teamlease Regtech. Meanwhile, Tax Expert Megha Jain from ClearTax proposes various tax-related initiatives to encourage women's participation in the stock market.  

Multibagger penny stock: GTL Infrastructure shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. This penny stock has ascended from ₹0.85 to ₹1.85 per share level NSE, delivering over 115 percent return to its long-term shareholders. It would interesting for stock market investors to know that a good number of state-owned companies have a shareholding in this penny stock.

Indian IT industry has seen significant progress in gender diversity with more women now in entry and mid-level workforce. However, their fair representation at the top and male-dominated corporate boardrooms is still disproportionate and «needs a lot of work», according to tech leaders. Any organisation which does not encourage, and indeed, proactively work towards equitable gender representation is unlikely to have a long business life span, even client acceptance, experts said adding companies need to offer flexi-scheduling and enable remote work options where needed, to support women juggling their professional responsibilities with their personal commitments and caregiver roles.

women's financial independence, many still rely on male counterparts for investment decisions. Women must recognise the significance of financial independence and take charge of their investment choices.