Experts Financial News

BERLIN (Reuters) — German consumer sentiment is expected to stabilize at a low level in March as households are confronted with great uncertainty due to constantly rising prices and a weaker outlook for Europe's largest economy, a survey showed on Tuesday.

Also Read: IRCTC, Piramal Ent among 6 stocks that can jump 8-23% in the next 3-4 weeks The Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, has notched up several record highs this month, posting a nearly 2% gain. The mid-and small-cap stocks, on the other hand, have continued their winning momentum in CY24, showing no significant signs of cooling off despite trading at elevated valuations.

Exicom Tele Systems IPO: The initial public offering (IPO) of Exicom Tele-Systems Limited has hit the Indian primary market today. The public issue will remain open till 29th February 2024. This means the initial issue will remain open from Tuesday to Thursday this week.

Congress in Karnataka and BJP have locked horns over UK professor Nitasha Kaul being denied entry into India for the state-organised conference on the Constitution over the last weekend. The ruling Congress has hit out at the BJP, calling the incident yet another example of how the Centre restricts both individual and state rights. “It is a stark reminder of the multiple challenges to the constitutional idea of India. All patriotic Indians must reflect on these threats and unite to reclaim our Constitution,” Social Welfare Minister H C Mahadevappa said on Monday. The Karnataka government, he added, had every right to host a programme on Constitution awareness and invite an expert to speak at the convention. Industries Minister MB Patil said the incident showed what type of democracy there was in India. “This is not a good thing for our country because in our country Baba Saheb Ambedkar has given a world class Constitution where everyone’s views are respected. There is a freedom to talk,” he said.

rural poverty declining to 7.2% from 25.7% in 2011-12 and urban poverty down to 4.6% from a decade ago period, according to the new Household Consumption Expenditure Survey data. SBI Researchers estimated the new poverty line or the basic level of consumption required was Rs 1,622 for rural areas and Rs 1,929 for urban areas. “Rural Poverty has thus staged a significant 440-basis point decline since 2018-19 and Urban Poverty a 170-basis point decline post pandemic….This indicates that many

Day trading guide for Indian stock market today: On account of weak global market sentiments, the Indian stock market ended lower on Monday. The Nifty 50 index lost 90 points and closed at the 22,122 level, the BSE Sensex dipped 352 points and ended at the 72,790 mark whereas the Bank Nifty index corrected 235 points and closed at the 46,576 level.

For the first time in four years, Canadians will mark Feb. 29 this Thursday.

new approach to define the poverty line, to determine how many people cannot afford basic services, in the light of new consumption estimates, former chief statistician of India, Pronab Sen told ET. «We have new estimates (after the release of the Household Consumption Expenditure Survey 2022-23 on Saturday), and questions of applicability of older poverty lines will be raised by many,» Sen said, noting the need to revise poverty calculations. In India, the methodology for calculating poverty estimates was last devised in 2014 by an expert group headed by former Reserve Bank of India governor C Rangarajan after experts had raised concerns regarding the poverty line constituted by the Suresh Tendulkar-led committee as being too low. However, the government has since moved away from income-based poverty lines and uses a multidimensional poverty index, which considers a wider range of parameters besides income. The Household Consumption Expenditure Survey (HCES) is expected to start the debate on whether older committee reports can be taken as a benchmark, Sen said. The Rangarajan committee had recommended poverty lines of monthly per-capita incomes of ₹972 in rural areas and ₹1,407 in urban areas for 2011-12. Sen also noted that new consumption estimates have surprised many as the share of food in the overall consumer basket has not declined significantly.

Mint decodes how such a move may affect telcos, and Truecaller: The Telecom Regulatory Authority of India (Trai) says telecom operators should adopt calling name presentation (CNAP). This feature will offer the single most important feature that Truecaller offers—the ability to recognize a caller’s name before receiving the call. Truecaller does this by utilizing cross-referenced contact information from its user- base, while Trai’s proposal for CNAP is to display the name with which a user or a business’ number is registered with a telco.

International tax treaties can be extremely confusing for the layman. That is because the provisions in such treaties are drafted in a very convoluting manner. And it is not just the layman who is confounded.

A handful of airlines — Alaska Airlines, American Airlines, JetBlue Airways and United Airlines — have raised their fees for checked bags this year. But if you plan ahead, such fees are easy to reduce or avoid altogether.

Canada’s efforts to reduce greenhouse gas emissions have been laudable, but there is a way we could do so much more, says a report from National Bank of Canada.

Money can create stress within a relationship, but talking through expectations and money beliefs can help couples get on the same page

Paytm, announced on Monday that founder Vijay Shekhar Sharma has resigned from the board of Paytm Payments Bank. “The Company has been separately informed that Vijay Shekhar Sharma has also resigned from the Board of Paytm Payments Bank to enable this transition.

U.S. Bank is consolidating several parts of its business that focus on private capital markets into a new division.

unlimited graphic design space is all about. Graphically is one such creative services company that provides customers globally with unlimited customized graphic and illustration designs at one flat rate. Graphically, it is all about changing the space of unlimited graphic design.

Paytm and Byju's, have sparked discussions on the evolution of the start-up and entrepreneurship landscape in India. Touted as the beacons of India's burgeoning unicorn ecosystem, the seeming crash of mighty multi-billion dollar Byju's and Paytm Payments Bank has shaken the edtech and fintech start-up spaces in particular. For the uninitiated, Paytm's fintech arm Paytm Payments Bank (PPBL) has been hit with harsh regulatory limits by the Reserve Bank of India (RBI) --- limits that essentially shut down the whole operation.

Indian stock market today: OK Play India shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. The small-cap stock with a market cap of around ₹547 crore has delivered around 140 percent in the last one year, whereas in the last five years, this multibagger stock has risen to the tune of over 350 percent.

California, which is at risk of falling into the ocean due to a recent cliffside erosion caused by heavy storms in the region. Despite the life-threatening circumstances, Bruggeman is refusing to leave his home. He claimed that the house is structurally in good shape and not under immediate threat of collapse, according to a report by the NY Post.

Question: I am an individual taxpayer and intending to avail an education loan on behalf of my daughter who would be pursuing a course in an International Educational Institute abroad. Kindly guide on whether the interest paid on such educational loan taken for the purpose of daughter’s education can be claimed as tax deduction in my tax return. Further, whether such tax deduction would be restricted to education loan availed for Indian courses or extended to foreign courses as well?

The Indian real estate sector is undergoing a monumental shift, with innovative models throwing open gates to an asset class confined to ultra HNIs and seasoned investors. As emerging alternatives like REITs, fractional ownership platforms and real estate crowdfunding disrupt traditional paradigms; they carve out a niche for millennials and first-time investors through lower entry barriers, steady returns and transparency.