Experts Financial News

Lab-created diamonds come with sparkling claims: that they are ethically made by machines running on renewable energy

Bitcoin ransomware attackers reportedly leaked “sensitive data” belonging to “millions” of Venezuelan mobile carrier Digitel customers onto the internet on February 12.

Paytm Payments Bank, shares of One 97 Communications on Wednesday tumbled up to 9% to day's low at Rs 344.90 on BSE. In the last 10 trading days since the RBI ban was announced, the stock has lost about 55% of its value or Rs 26,000 crore in market capitalisation. Global broking firm Macquarie, which has shared a love-hate relationship with Paytm stock, has downgraded the new-age stock to underperform with a target price going as low as Rs 275.

World markets today: US stocks sink after inflation data dampens rate cut hopes; Dow, S&P 500, Nasdaq dip over 1% "Investors can look to exit the stocks (fully or partly) from their portfolio: (i) where they did not have conviction, but bought based on external recommendation, (ii) where they have made good profits on stocks which were bought based on their study and conviction, (iii) where the weight of the stock in their portfolio has risen too much and by rebalancing they can bring their weight to appropriate levels," said Deepak Jasani, Head of Retail Research, HDFC Securities. Shrey Jain, Founder and CEO of SAS Online suggests traders worried about their portfolios need to dump high beta stocks.

Last year, 79 percent of the polyester in its collections came from recycled materials, and next year it wants it all to be recycled. The Swedish fast fashion giant told AFP that recycled material allows the «industry to reduce its dependence on virgin polyester made from fossil fuels».

Section 80TTB of the Income Tax Act outlines the tax benefits that senior citizens can avail of regarding the interest income they receive from deposits. The Finance Budget 2018 introduced several benefits specifically targeted at senior citizens, one of which is the new provision -Section 80TTB.

The Nifty futures closed positive with gains of 0.55% at 21816 levels on Tuesday. India VIX was down by 1.56% from 16.06 to 15.81 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones.

Jana Small Finance Bank IPO: The listing date of the initial public offering (IPO) of Jana Small Finance Bank has been fixed on 14th February 2024 i.e. today. As per the information available on the BSE website, the Jana Small Finance Bank IPO listing will take place in a special pre-open session on 14th February 2024.

₹2.69 trillion debt raised by the Centre when the cess collection was not sufficient to pay the states during the pandemic years. The cess may end even before March 2026 if the Centre is able to prepay the debt. “If before March 2026 we are able to pay all the loans and pay some of the compensation due to be paid because of non-receipt of audited figures from some of the states, the compensation cess cannot be levied beyond that," one of the persons cited above said on condition of anonymity.

Capital Small Finance Bank IPO: The listing date of the initial public offering (IPO) of Capital Small Finance Bank (SFB) has been fixed on February 14, 2024. Capital Small Finance Bank share price will list on BSE and NSE and it will become open for trade on the bourses from 10:00 AM during Wednesday deals. According to stock market experts, Capital Small Finance Bank IPO received a muted response from investors and the issue was subscribed 4.17 times on the third and final day of bidding.

By David Morgan and Richard Cowan

In a display of continued energy in its growth and recruitment strategy, Commonwealth logged a second consecutive year of record results in 2023.

One 97 Communications has appointed an advisory board of prominent experts, including an ex-regulator, to advise it on regulatory and compliance matters. Consider the following points. One97, Paytm’s parent, is not the regulated entity.

Mint looks at what catalysed the mop-up, its benefits and the outlook for next year. As of 10 February, the net collection of direct tax (after adjusting for refunds) has increased by 20.25% and stood at ₹15.6 trillion. This is already 80% of the revised budget estimate of ₹19.5 trillion with two months still left to go in the financial year 2024.

Last month, the Prime Minister’s Economic Advisory Council (PM-EAC) released a paper proposing a new approach to regulating Artificial Intelligence (AI). It argues that while our current approach of enacting reactionary regulations might work in a static, linear system with predictable risks, it is unlikely to work in the context of AI, which comprises emergent, non-linear systems. It argues that since AI is a dynamic network of diverse agents whose interactions generate emergent behaviours, we need to think of it as a complex adaptive system (CAS) and design regulations accordingly.

The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that's costing Americans billions of dollars every year: online romance scams.

Department of Telecommunications (DoT) is finalising modalities around administrative allocation of satellite spectrum, which is likely to include clauses such as the airwaves will only be given to offer services through a fixed terminal, officials aware of the details told ET. «Terms and conditions in the licence will make it clear that spectrum taken administratively can't be used to serve retail mobile consumers,» an official said. The DoT is expected to shortly write to Trai to provide the details on what terms and conditions should be incorporated in the licence.

Q: How much water does the average person really need to drink? And is there such a thing as too much? A: If you're not sipping from a 64-ounce Stanley cup all day, are you even alive? Hydration is once again having a moment — TikTok videos with the #watertok hashtag now have more than 1 billion views.

Pralhad Joshi attempted to turn the tables on the Karnataka Congress regime on Tuesday, saying that if there was any inequality in funds distribution, CM Siddaramaiah himself was responsible for it. He was the chief minister back in 2016 when the Finance Commission assessed Karnataka, Joshi said, and it was his responsibility to present the state’s demands accurately. Slamming the Congress, Joshi added that the leaders were attacking the Centre with false allegations of inequality in funds devolution merely to cover up their own infighting. “[Chief minister] Siddaramaiah is an expert in lying…they are doing this drama in the background of the Lok Sabha elections to divert attention from the infighting between him and DK Shivakumar,” the MP from Dharwad said. Lok Sabha polls are months away and the Congress has been trying to corner the ruling BJP over fiscal inequality towards the states, with protests in the national capital as well as social media campaigns.

₹10,000 every month in an equity mutual fund (MF) for 20 years, they would get around ₹1 crore assuming an annual growth rate of 12%. However, the gains would be subject to 10% long-term capital gains taxation, which would be around ₹7.6 lakh. Debt MFs are taxed at a higher rate based on the investor’s income tax slab rate.

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