Experts Financial News

₹3,000 crore to more than ₹16,000 crore by July 2023, as per the data from AMFI. Also Read: Equity mutual fund inflows surge to ₹19,932 crore in October, SIP contributions at record-high: AMFI data Even though SIPs have become a household name and before embarking on an SIP investment journey, it's important to consider a few important factors to make informed decisions.

how to plan your taxes and why is it important If you still haven't had a chance to understand the two regimes (new tax regime, old tax regime), now is a good time to see which one would work best for you. If you have income up to ₹7 lakh then the new tax regime is better, as there is no tax up to ₹7 lakh and additionally, there is a standard deduction of ₹50,000 in the new tax regime.

₹1 lakh crore business in the next 5 years. The hiring will be across the domains such as engineering, design, luxury, digital, data analytics, marketing and sales. “We are embarking on an exciting journey towards becoming a ₹1,00,000 crore business in the next 5 years.

When a lender sanctions you a home loan, your eligibility is decided based on your current income. In majority of the cases, the home loan is taken during the initial stage of one’s career where the income increases over the years and the borrower can accumulate enough funds during the tenure of the home loan. In such a situation he faces the dilemma of whether to prepay the home loan by utilising the surplus funds or to invest the funds somewhere and let the home loan run its course. Moreover, as the interest rates have also gone up significantly of late, borrowers are considering this decision seriously.

Bharat Electronics Ltd. traded 0.69 per cent lower in Tuesday's session at 01:03PM (IST). The stock opened at Rs 144.85 and has touched an intraday high and low of Rs 144.85 and Rs 142.75, respectively, during the session so far.

government bonds could see foreign inflows of close to $25 billion if they get included in key Bloomberg bond indexes, a treasury official with DBS Bank India said. The India 10-year bond yield could move lower by about 7 bps in case of any news of inclusion in the Bloomberg Index, with inflows of around $25 billion, said Sameer Karyatt, executive director — treasury and markets at DBS Bank India. But bond yields may not rise if the inclusion is deferred as the market has not rallied in anticipation, Karyatt added. Bond traders are eyeing a decision on the inclusion of Indian bonds in the Bloomberg Global Aggregate and the Emerging Market Local Currency indexes, and expect an announcement by the end of this month. In September, JPMorgan announced the inclusion of India in its widely tracked emerging market debt index from June 2024. Market participants have pegged inflows in Indian bonds in the range of $20 billion to $25 billion over the next year. Bonds under the fully accessible route, with no upper cap on foreign investments, saw more than 165 billion rupees ($2 billion) of inflows since JPMorgan's announcement, data from Clearing Corp of India showed. This has helped keep yields in check. A drop in U.S.

Cholamandalam Investment & Finance Company Ltd. traded 1.57 per cent down in Tuesday's trade at 12:58PM (IST). Around 26,439 shares changed hands on the counter.

SBI Cards and Payment Services Ltd. slipped 0.83 per cent to Rs 736.45 in Tuesday's trade. It hit a high of Rs 745.25 and low of Rs 736.4 during the session.

Indian Hotels Company Ltd. slipped 0.27 per cent to Rs 418.4 in Tuesday's trade as of 12:48PM (IST). The stock hit a high price of Rs 424.7 and low of Rs 418.0 during the session.

UK government may be planning to enforce a rule which would require foreign workers to be paid a salary exceeding £30,000 to come to Britain. The reform plans, currently under consideration, are expected to be officially outlined this week as part of the ongoing efforts to reduce net migration levels, according to a report in The Telegraph. Currently, workers outside shortage occupations require a minimum salary of £26,200 to take up jobs in the UK—a figure notably below the median wage of £33,000.

GAIL (India) Ltd. traded 0.2 per cent higher in Tuesday's session at 12:27PM (IST). The stock opened at Rs 124.75 and has touched an intraday high and low of Rs 125.4 and Rs 124.2, respectively, during the session so far.

Indian Renewable and Energy Development Agency (IREDA) subscribed 53% in the first two hours on the first day of the bidding process on Tuesday. At 11.53 a.m., the public issue was subscribed 0.53 times, led by retail investors, whose category was subscribed 84%. The issue was subscribed to 51% in the NII category.

₹328.60 apiece after gaining 20% in the previous trading session. This remarkable uptick in shares can be attributed to the company's multiple order wins.

Suzlon Energy share price continued witnessing selling pressure for the second consecutive session as it hit its 5 per cent lower circuit of ₹39.28 on BSE in morning trade on Tuesday, November 21. In the previous session, Suzlon Energy share price closed 2.20 per cent lower after a winning streak of the last six consecutive sessions. Suzlon Energy stock is witnessing profit booking after a steep gain in the last few months.

Tata Technologies IPO: The initial public offering (IPO) of the Tata Technologies Ltd is going to hit Indian primary market on 22nd November 2023 i.e. on tomorrow. Tata Technologies IPO date of subscription will remain open till 24th November 2023 i.e.

rupee ended 7 paise lower at 83.34, matching its record closing low, amid sustained dollar demand. “Investors will focus on the existing home sales data from the US and weaker-than-expected numbers could keep the dollar weighed down. We expect the USDINR (Spot) to trade sideways and quote in the range of 83.05 and 83.40," said Gaurang Somaiya, forex and bullion analyst at Motilal Oswal Financial.

general elections next year, elevated valuations, a rush in the primary market, and a significant increase in midcap and small-cap share prices have meaningfully changed the investment dynamic. Further, on top of the Russia-Ukraine war, the world is now closely watching the Israel-Hamas conflict and its possible spillover on commodity prices and global inflation. While the Israel-Hamas conflict is still confined to this region and probably not escalating much because of the intervention of the other developed nations, globally, investors have started to price in higher geopolitical risk.

Stock market today: After profit booking trigger during Monday deals, Yes Bank share price today witnessed strong buying interest among stock market bulls. Yes Bank shares today opened with an upside gap at ₹20.30 per share levels on NSE and went on to hit intraday high of ₹20.45 apiece, regaining its 10-month higher levels, which it has climbed last week. According to stock market experts, Yes Bank shares are looking positive from both technical and fundamental perspective.

Sunteck Realty share price jumped over 5 per cent in morning trade on BSE on Tuesday, November 21. The stock opened at ₹474 against the previous close of ₹453.70 and rose 5.5 per cent to hit the intraday high of ₹478.50 on BSE.

₹2,150 crore through the IPO, consisting of a fresh issue of ₹1,290.13 crore and an offer for sale of ₹860.08 crore. The price band for the offer has been fixed at ₹30–32 per equity share, with a face value of ₹10 each. The net offer will be reserved for qualified institutional buyers at 50% of the total offer size, non-institutional investors at 15%, and retail investors at 35%.

Also read- IREDA IPO opens today. GMP, price, review, other details. Apply or not? Motilal Oswal Financial Services also said that large manufacturers as Hindustan Unilever Ltd, Britannia Industries Ltd and ITC Ltd reported low single-digit revenue growth, and muted volume growth due to intensified competition from smaller players.