Experts Financial News

Stock market today: Despite volatiletrends in the Indian stock market today, the broad market is still attracting bulls' interest. The small-cap index is trading green by logging a nearly 0.50 percent gain against its Wednesday close whereas the mid-cap index is up by over 0.62 percent during Thursday deals. Among various small-cap stocks, Rushil Decor share is one of those small-cap stocks that has outperformed key benchmark indices.

Stock market today: Despite weak trends in the Indian stock market today, shares of Rail Vikas Nigam Limited or RVNL and Salasar Techno Engineering Ltd opened upside in the opening bell. RVNL share price today opened upside at ₹261.90 apiece on NSE and went on to touch an intraday high of ₹262.60 apiece within a few minutes of the stock market's opening.

Karnataka government will constitute a high-level committee to decide whether to lift the ban on the Eucalyptus plantation or look for alternative ways to facilitate the revival of the Bhadravati MPM factory. According to an official statement on Thursday, a decision to this effect was taken at a meeting convened on Wednesday regarding the revival of Mysore Paper Mill Ltd (MPM). The meeting was chaired by Large and Medium Industries Minister M B Patil at the Vidhansouda office. Forest Minister Ishwara Khandre and Bhadravati MLA Sangamesh also attended it. Ishwara Khandre said the forest department will form an experts committee today and it will be asked to submit a comprehensive report within a month. Speaking after the meeting, the Minister explained, «A total of 20,005 hectares of forest land has been given to Bhadravati Paper Factory in 2020 on a lease for 40 years, for growing eucalyptus. However, forest land cannot be granted without the central government's permission. On the other hand, the factory cannot run without getting the required raw material. This catch situation needs to be resolved».

mutual fund investors choose schemes primarily on the basis of their past performance. It is a different matter that investment experts point out that the past returns are not a guarantee of the scheme's future performance. Here, we list out the top-performing flexi cap mutual funds which have delivered more than 20 per cent CAGR (compound annual growth rate) returns in the past five years.

Gold rate today, 22 Feb 2024: After the release of the US Fed minutes on Wednesday, gold price today witnessed some relief rally during morning deals. Gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry opened higher at ₹62,155 per 10 gm level and went on touch an intraday high of ₹62,169 per 10 gm level.

income tax demand. CBDT said in the order, «Consequent to the aforesaid remission and extinguishment of entries of outstanding demand, there shall not be requirement of calculation of interest on account of delay in payment of demand under sub-section (2) of section 220 of the Income-tax Act, 1961 or corresponding provisions of Wealth-tax Act, 1957 and Gift-tax Act, 1958 and therefore, the same shall not be considered for the purpose of determining the ceiling of Rs 1,00,000 (Rupees one lakh).» Also read: Tax demand up to Rs 1 lakh/person waived: Check ITR a/c.

I understand that interest from a post office savings bank account is first included as income under the “income from other sources" and then the deduction is available u/s 80TTA up to ₹10,000 for a HUF and an individual other than a resident senior citizen individual and deduction u/s 80TTB upto ₹50,000 for resident individuals. Does it mean that the 3,500 exemption is no longer available and only deduction under Section 80TTA/80TTB is available? Yes, the interest on your savings bank account is taxable under the head income from other sources at the slab rate applicable to you. Generally, there is no exemption for interest on a savings bank account received by you but interest received from a savings bank account with a post office up to ₹3,500 in a financial year is eligible for exemption under Section 10(15)(i) read with Circular: No.

Real estate is one of the favourite asset classes of investors. However, with the increase in the cost of real estate and sky-high home prices, different investment options that aim to deliver returns of underlying real estate have come up. Fractional real estate is one such concept where people can invest in a fraction of a real estate property.

Stock market today: On account of market buzz about the rise in the input cost of sugar companies in the future, most of the sugar stocks in India witnessed high selling pressure during morning deals. Sugar major Balramput Chini share price today opened downside at ₹375 apiece on NSE and went on to touch an intraday low of ₹372 within a few minutes of the opening bell, logging nearly 2.50 percent dip on Thursday session.

The Nifty50 experienced a sharp correction on Wednesday, but it managed to hold on to the 22000 level towards the close of the trade.

HDFC Bank and Reliance Industries, amid mixed cues from global peers. The BSE Sensex was trading 185 points lower at 72,437. Nifty50 was trading at 21,995, down 60 points at around 9.23 am.

Stock market today: On account of weak global cues after Tuesday's sell-off on Wall Street, the Indian stock market ended lower on Wednesday. The Nifty 50 index lost 141 points and closed at the 22,055 level, the BSE Sensex shed 434 points and ended at the 72,623 mark whereas the Bank Nifty index finished 74 points lower at the 47,019 level.

The government of Trinidad and Tobago says it is partnering with international experts to remove the wreckage of a barge that capsized in nearby waters and caused a major oil spill

The Biden administration is wading into a contentious debate about whether the most powerful artificial intelligence systems should be “open-source” or closed

Edmunds answers five of the most crucial questions about buying an EV

Boeing 737 MAX-8 jets in March 2019, staff at his department prepared three very different speeches.They outlined three different scenarios: restricting the aircraft from Canadian airspace, as many countries already had, declaring the MAX-8 safe to fly, as the Americans did, or allowing the aircraft to operate “only if certain standards were met.”The speeches are part of a newly released trove of internal documents on the federal government’s decision to ground the Boeing jets following a deadly 2019 crash in Ethiopia that killed 18 Canadians.Next month marks the fifth anniversary of the disaster.It’s not unusual for staff to draft multiple versions of speeches for ministers. But the fact that each of Garneau’s three prepared remarks contained vastly different decisions on the grounding of the MAX-8 illustrates the uncertainty at Transport Canada over the jets’ safety.Emails, memos and briefing notes obtained by Global News through access to information law show three days of flurried activity at Transport Canada as the agency’s position continuously evolved.

In late January, Eli Lilly (NYSE:LLY) weight-loss drugs helped the Indianapolis-based drugmaker replace Tesla (NASDAQ:TSLA) from the Magnificent 7.

NEW DELHI : The Tamil Nadu government told the Supreme Court that Vedanta Ltd’s Sterlite Copper plant should not be considered a national asset or deemed necessary to reopen to fulfill the country’s copper demand. The state instead pointed to Adani Group’s forthcoming copper smelter plant in Gujarat as capable of fulfilling India’s copper demand. Since the Sterlite Copper plant in Tamil Nadu’s Thoothukudi city was shut in 2018 following violent protests, India has transitioned from being a net exporter to a net importer of copper.

₹6,725 per share. The session concluded with the stock settling at ₹6,474 per share. This surge marks a cumulative return of 24% over the past seven days.

Leo and Jailer, were made available on OTT platforms within four weeks, a practice resisted by major multiplex chains for certain films. Theatre owners argue that shortening the window to four weeks discourages audiences from watching films in cinemas.

KYC, or Know Your Customer, is a prerequisite process individuals must fulfill before opening a bank account. This process entails verifying the individual's identity, address, and other pertinent details. It necessitates in-person verification.