Experts Financial News

₹1.5 lakh to taxpayers for investing in various specific instruments and expenses like PPF, life insurance, ELSS, National Savings Certificate, etc. Experts believe there is an urgent need for a different tax exemption category for term insurance. “We have been asking the government to introduce a separate tax deduction limit for life insurance for the last 5 to 6 years but nothing has happened.

Shares of Swan Energy Ltd.(up 6.83 per cent), Phoenix Mills Ltd.(up 5.25 per cent), Brigade Enterprises Ltd.(up 2.04 per cent), Godrej Properties Ltd.(up 1.27 per cent) and Mahindra Lifespace Developers Ltd.(up 0.68 per cent) ended the day as top gainers in the pack. On the other hand, Sobha Ltd.(down 2.01 per cent), Prestige Estates Projects Ltd.(down 1.89 per cent), DLF Ltd.(down 1.1 per cent), Oberoi Realty Ltd.(down 0.95 per cent) and Macrotech Developers Ltd.(down 0.59 per cent) finished as the top losers of the day.

Central Government Employees can now open National Pension System (NPS) accounts through eNPS, a digital platform. «It (eNPS) facilitates the effortless opening of NPS accounts for the Government employees, empowering them to do so in a paperless, user-friendly manner,» according to the master circular recently released by the Pension Fund Regulatory and Development Authority (PFRDA). What is eNPS? Who can open NPS accounts through eNPS? eNPS is a digital platform that will allow Government sector employees — the employees of the Central Government, the employees of the State Government employees, the employees of Central Autonomous Bodies (CABs), the employees of the State Autonomous Bodies (SABs) to open NPS account in an easy paperless mode.

mutual fund (MF) industry, shows an analysis of the quarterly AUM for the past six years, Business Standard reported. These fund houses had an average AUM of ~38.8 trillion in the third quarter (Q3) of 2023-24, which is 79 per cent of the total industry AUM of ~49.2 trillion. The share has come down steadily since Q3 of 2019-2020, when the share stood at 84 per cent.

Penny stock under ₹10: Shares of East West Holdings Ltd are one of those rare penny stocks of the Indian stock market, which is backed by foreign institutional investors (FIIs). Mauritius-based FII AG Dynamics Fund holds the majority of FIIs' stake in this penny stock under ₹10. The FII holds a 6.78 per cent stake in this small-cap stock under ₹10.

Reliance Power have given exceptional returns in the last 3 years. The stock has surged from ₹3.3 in January 2021 to currently trade at its 52-week high of ₹33, soaring as much as 900 percent in these 3 years. The stock has also given multibagger returns in the last 1 year, jumping 114 percent.

Cryptocurrency exchange Coinbase has recently confronted allegations by Senator Elizabeth Warren regarding the employment of former government officials. Warren's claims suggest that these hires may hinder the progress of digital asset regulations. Coinbase, represented by Chief Policy Officer Faryar Shirzad, has fervently denied these allegations.

₹62 to ₹66 apiece, as per primary market expert. New Swan Multitech IPO will open for subscription Thursday, January 11, and will close on Monday, January 15.

Why one should invest in real estate in Bengaluru: Experts share 5 profit tips Among the housing units, the appeal of owning a villa has intensified in the metro cities. Delhi-NCR, Mumbai-MMR, Hyderabad, and Bangalore have seen the greatest demand for these luxury properties.

Ashish Kacholia portfolio: Balu Forge shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. In this time, this Ashish Kacholia portfolio share has risen from around ₹62.50 to ₹289 apiece levels on BSE, delivering to the tune of over 350 per cent to its positional investors. However, it seems that the multibagger stock still possesses upside potential.

₹132 crore from its Hindi version, at last count. According to media consulting firm Ormax, Tamil films have maintained their share of overall box office, from 16% in 2022 to 17% in 2023.

₹51 per share, as per primary market expert. IBL Finance IPO will open for subscription Tuesday, January 9, and will close on Thursday, January 11.

High festive demand in October and November drove disbursal of personal loans from banks. Personal loans disbursed by lenders rose 30% year on year to reach Rupees 50.57 trillion as of November 17, according to the Reserve Bank of India (RBI) data. This impressive growth in advances will help lenders post better third-quarter earnings, say experts.

Contrary to expectations, the rates of interest on small savings schemes, including that of Public Provident Fund (PPF), National Savings Certificate (NSC) and Senior Citizen Savings Scheme (SCSS), for the fourth quarter of financial year 2023-24 were left unchanged by the government recently, and only the rates on 3-Year Time Deposit and Sukanya Samriddhi Account Scheme have been marginally increased from 7.0% and 8.0% to 7.1% and 8.2%, respectively.

Question: In case the premium for health insurance for more than a year has been paid in one year, can pro rata deduction be availed u/s 80D of the Income Tax Act, 1961?

SRF Ltd. traded 0.74 per cent down at Rs 2486.9 at 12:38PM (IST) on Friday, even as BSE benchmark Sensex gained 71.72 points to 71919.29. The stock had settled at Rs 2505.55 in the previous session.

Lupin Ltd. traded 0.61 per cent down at Rs 1389.25 at 12:43PM (IST) on Friday, even as BSE benchmark Sensex gained 48.32 points to 71895.89. The stock had closed at Rs 1397.9 in the previous session.

Havells India Ltd. rose 0.66 per cent to Rs 1408.7 in Friday's trade. It hit an intraday high of Rs 1415.65 and low of Rs 1398.25, respectively, during the day.

IRCTC share price: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have been on an uptrend after ushering in November 2023. IRCTC's share price bottomed out at ₹645 apiece levels at the end of October 2023. After that, it has been ascending continuously and hitting a new 52-week high regularly.

Motilal Oswal Financial Services is positive about the stock for the long term as it sees several growth levers at play for the company. The brokerage firm has initiated coverage on IIFL Finance stock with a buy recommendation and target price of ₹800, implying a 26 per cent upside potential.

Trent Ltd. traded at Rs 3066.5 on BSE at 11:36AM (IST) on Friday, down 0.05 per cent from previous close. The stock quoted a 52-week low price of Rs 1155.1 and a high of Rs 3108.45.