Experts Financial News

Vivriti Asset Management has completed raising ₹1,700 crore to invest in bonds and loans. The credit asset manager has promised investors returns ranging between 10% to 15%.

data law's mandate of verifying the age of minors through parental consent has sent scores of companies from telcos, banks, to ecommerce companies and their lawyers in a tizzy. Not just social media platforms, but all companies will need to have age verification mechanisms, otherwise, there's no way to record the verifiable consent of users, experts told ET. The mandate will be high cost and time consuming, which is worrying all firms, they added.

Central Board of Direct Taxes (CBDT) has clarified to the field formations that assessing officers will not pick up cases for scrutiny for startups registered with the Department for Promotion of Industry and Internal Trades (DPIIT) if the cases are related to the valuation of angel tax. This means startups registered by the DPIIT Start-ups will not face tax verification on account of angel taxation in case they are picked up for scrutiny. There are 99,380 startups recognised by the DPIIT. Besides, in cases where proceedings are auto generated, «contentions of such recognised startup companies on the issues will be summarily accepted». However they may be subject to verification for other taxation issues. The clarification came after a large number of startups received notices related to angel tax valuation during April and May, including those registered with the DPIIT. DPPIT-recognised startups are exempted from section 56 (2) (viib) of the IT Act, which determines angel tax.

By Dietrich Knauth and Nate Raymond

₹301 trillion and an exchange rate of 83 a dollar. Emails sent to the Prime Minister’s Office and NITI Aayog on Saturday seeking comments for the story remained unanswered. The proposed blueprint comes as India’s efforts to speed up economic growth by capturing a greater share of global production and trade are facing multiple challenges, including tight global financial conditions and geopolitical uncertainties.

Mumbai: Call it a case of role reversal in the startup arena. Founders, who used to be closely vetted by investors, are now using the same magnifying lens to carry out due diligence on the former.

Click here! The Chandrayaan-3's lander successfully touched down near the south pole of the Moon on August 23, making it only the fourth country in the world to achieve the feat of reaching lunar surface after the US, China and the erstwhile Soviet Union. The ISRO chief further said, "Now we are telling you people (to) come and build rockets, satellites and make our nation more powerful in space technology. It is not only ISRO, everybody can do it in space.

NEW DELHI : Mauritius-based offshore funds facing ambiguity over capital gains tax have received a shot in the arm at last following a verdict of the Mumbai bench of the Income Tax Appellate Tribunal (ITAT). In a case about the foreign direct investment of Indium IV Holdings (Mauritius), the tribunal has allowed the fund to carry forward long term capital loss (LTCL) while simultaneously allowing the fund to claim treaty benefit for short term capital gains (STCG).

Seasonal Affective Disorder (SAD), affects many individuals. Recent statistics reveal that a staggering two million people in the UK grapple with this condition, with a higher prevalence from October to April. SAD is not to be taken lightly, as untreated, it can cast a long shadow on lives even after the arrival of sunny days. In this article, we explore the ins and outs of SAD, what triggers it, and what you can do to fend off the winter gloom.

Xi Jinping hosted the Palestinian president in Beijing and invited the Israeli prime minister for an official state visit. Benjamin Netanyahu accepted, and China was on track for a bigger role in the region.

Gold staged a stunning rally on Friday on escalation of the Mideast conflict. The situation took a grave turn after Israel gave Gaza Palestinians twenty-four hours to evacuate the Gaza Strip as the Israeli army prepared for a massive assault in Gaza.

foreign investors continued through the month of October as they pulled out about Rs 10,000 crore so far. As per NSDL data, FPIs sold equity for Rs 13,652 crore through the stock exchanges till October 13, but invested Rs 3,868 crore through the primary market, making them net sellers in the month so far. Sustained rise in US bond yields in anticipation of further rates and uncertain geopolitical environment have been the main contributing factors for FII offloading Indian shares. The selling was seen in financials, power, and IT, but they continued to buy capital goods and automobiles. In September, FPIs net sold shares worth a whopping Rs 30,000 crore in eight sectors, while investments worth over Rs 1,000 crore were made only in four sectors. Overall, the total investment by FPIs in equity has reached Rs 1.1 lakh crore and over Rs 33,000 crore in the debt market this year so far. Analysts said the Indian market continues to exhibit resilience even amid many challenges and that investors may turn optimistic in the near future. «India, with its strong macro fundamentals, seems to be a place where people want to continue to stay invested. So, we believe that the pace of selling of the FPIs, especially in banks, is coming off,» said Unmesh Sharma of HDFC Securities. «There is a growing concern among FPIs, that if they continue to sell, they will miss out on the potential rally in the Indian market.

Nifty companies — TCS and HCL Tech — will trade ex-dividend this week with respect to the interim dividends announced along with their second-quarter results. The board of TCS had approved a second interim dividend of Rs 9 per share for the financial year ending 2024. The record date for the second interim dividend is fixed as October 19 and the stock will trade ex-dividend on the same date. Shares of companies usually trade ex-dividend on the day or a day before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

Israel but so far there are no reports of any Indian getting injured or kIlled, just as the government has mounted Operation Ajay to evacuate Indian citizens. That's the immediate threat the conflict poses to India. However, India will be impacted in many serious ways if the conflict drags on or explodes into a bigger war. The conflict could widen as Israel began ground raids inside the Gaza Strip. Israel's announcement marked a shift from an air war to ground operations to root out Hamas fighters a week after the Palestinian terror group's deadly rampage in southern Israel. Live: The latest on the Israel-Hamas conflict The possibility of Israel-Hamas conflict dragging in many other countries is spooking the economy since any trouble in West Asia will have an immediate impact on oil supply, a frightening prospect after another geopolitical crisis, the Russia-Ukraine war, rattled the world last year disrupting energy and food trade. Given that the global economy is not in good health and the threat of recession looms in the US, the conflict poses a serious threat. How exactly will India be hit by the conflict? It seems a contained conflict that does not last long will not upset India in any significant manner but a longer conflict can destabilise India's economy.

Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. This came after Foreign Portfolio Investors (FPIs) turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.

The S&P BSE Sensex fell over 100 points, while the Nifty50 closed below 19,800 levels. Sectorally, buying was seen in auto, realty, and healthcare stocks while profit-taking was seen in banks, IT, metal, and the public sector. Stocks that were in focus include names like ITI, which was up by about 20%, HDFC Asset Management Company, which rose more than 3%, and Angel One, which pared gains after hitting an all-time high in trade on Friday to end in the red. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Sunil Gurjar, Founder Chartmojo, Author, CFTe ITI (All-Time High) The stock has been going up in great momentum, and on the daily time frame, it seems to be forming up trend continuation patterns and giving breakout from the same. If you look at Friday’s breakout candle, then it has taken the formation of bullish Marubozu candlestick, which is signifying a strong upside from hereon. One should keep Friday's breakout candle as an invalidation level. 21- EMA is a short-term trend identification moving average that signals that the stock is in strong upside momentum. HDFC AMC (52-Week high) The counter has been trading above all the key moving averages’ which seems to suggest that it is poised for a big run in the forthcoming trading session. The counter has given a pattern breakout with strong volume buildup as well, signalling big hands are also taking part in the stock. The breakout candle will act as an invalidation level for the bullish position and trail the trading position with the

The eyes of the world are on Gaza ahead of a looming Israeli ground offensive, but what people are looking for might be hidden deep underground in a maze of tunnels.

SIP closures has been moving higher every month for the last few months. In April 2023 (at the start of the financial year), the monthly SIP closures were at 13.21 lakhs. Let us understand how you can continue your SIPs for a longer period and make the most of them.

Indian Stock Market: The bulls were able to protect the level of 19,600 during the day, thanks to the strong open interest (OI) build-up at the 19,600 strike price by put writers. The strength may continue as long as the index remains above 19,600. Only a decisive fall below 19,600 might trigger serious long unwinding in the market, till then a buy on dips strategy to favour the market.

₹1497 per 10 gm on the Multi Commodity Exchange (MCX). The gold future contract for December expiry on MCX ended 2.58% higher at ₹59,415 per 10 gm levels on Friday. The rally in gold was seen in the times of the Russia-Ukraine war also.

Q2 Results Outlook: In the struggle of a global economic slowdown, India is witnessing a stroke of fortune. Post initial hurdles, the outlook for FY24 is poised for a gradual, yet promising, transformation. FY23 wrapped up on a subdued note, with subpar earnings growth and soaring valuations.