Experts Financial News

The total number of income tax returns(ITRs) filed by personal income tax filers (PIT), – individuals and Hindu Undivided Family (HUF) – rose 94% between FY15 and FY23, the first nine years of the Narendra Modi government, according to time series data released by the Income-tax department recently.

By Sharon Bernstein

Stock to buy: Despite sell off in key benchmark indices, small-cap stock JTL Industries shares managed to climb to its new peak of ₹249.40 apiece on NSE during Friday deals. The small-cap stock was able to do that despite missing market estimates in its Q2 results 2023 declared on Thursday. Interestingly some brokerages of well repute believe that the small-cap stock may continue to scale further new highs in upcoming sessions.

Multibager stock: PSU stocks have deliverd stellar return to its investors in last one year. While state-owned banks have taken pause in their continuous rally, some PSU stocks are still in uptrend. MMTC shares are one of them.

Russian President Vladimir Putin acknowledged Israel's right to self-defence in the face of Hamas' attacks of “unprecedented brutality," and stressed the creation of an “independent Palestine state with East Jerusalem" as its capital. As reported by ANI citing TASS, “Russia proceeds from the postulate, a negotiated solution to the Palestinian-Israeli conflict has no alternatives," said Putin while speaking at the Commonwealth of Independent States (CIS) summit here on Friday. Also Read:Israel-Hamas War LIVE Updates: Israel strike kills senior Hamas military commander Murad Abu Murad “The negotiations' goal should be the implementation of the United Nations' two-state formula, which implies the creation of an independent Palestinian state with East Jerusalem as its capital, coexisting in peace and security with Israel, which, of course, as we have seen, has come under an attack of unprecedented brutality.

oil prices held steady near $85 a barrel, but traders remain cautious following the eruption of violence between Israel and Hamas, which could potentially disturb the oil supply chain in the Middle East. Prices clocked one-year highs at the end of September, driven by worries about supply shortages after a surprise extension of voluntary supply cuts by Saudi Arabia and Russia, but the momentum was short-lived. An unexpected buildup in US crude inventories and concerns over demand adversely hit the sentiments. However, extreme uncertainty prevails in the global oil market as the ongoing clash between Israel and Hamas sparks fears that the turmoil could spread across West Asia and threaten the world’s oil supply. The direct impact on oil prices is limited, as neither Israel nor Gaza produces significant amounts of oil.

The NCD issue has a base size of ₹150 crore and an option for additional subscription of ₹150 crore, the non-banking financial company said on Friday. The minimum application size for the issue is ₹10,000 and thereafter in multiples of ₹1,000.

The bank revised its Benchmark Prime Lending Rate to 14.95% from 14.85%, effective from September 15, 2023. SBI auto loans, personal loans are linked to MCLR, while SBI latest availed home loans are linked to EBLR. Also read:Bank loan rates in October 2023: ICICI Bank, HDFC Bank, BoB, PNB, Canara Bank, Yes Bank SBI auto loans are linked to one year MCLR and personal loans are linked to 2 year MCLR, according to the website. Quick, easy personal loans may become difficult now as RBI tells banks, NBFCs to be more careful According to the SBI website, no processing fee on gold loan, car loan and personal loan for this festive season.

In the largecap segment, 15 companies witnessed significant block deals worth Rs 6,668 crore, led by HDFC Bank with a 49 block count, totalling Rs 2,963 crore. The next in line were Axis Bank (Rs 785 crore), Kotak Mahindra Bank (Rs 603 crore), Cholamandalam Investment & Finance Company (Rs 325 crore) and UltraTech Cement Company (Rs 325 crore). Others were, namely Bharti Airtel, Mahindra & Mahindra, NTPC, HDFC Life Insurance Company ICICI Bank, Larsen & Toubro, Apollo Hospitals Enterprises, Asian Paints, Reliance Industries and Torrent Pharma with block deals between Rs 243 crore and Rs 67 crore, shows data from Nuvama. Please note, data pertains to the period up to Thursday, October 12, 2023.

Income tax calculator: An income made on sale and purchase of shares fall under the business income or capital gain head. So, those who made money in recent stock market rally need to know how their income from stock market will be taxed. According to tax and investment experts, income from stock market is calculated on the basis of holding period. If the investor has hold the stock for more than 12 months, then the income will fall under long term capital gain category. However, if the holding period is less than or equal to 12 months, then the stock market income would be called short term capital gain.

Hamas will confront an ever-more capable opponent trained for years by a clandestine support network that stretches far beyond the tiny enclave to Iran and allied Arab groups. Hamas' deadly attack on southern Israel six days ago — unprecedented for the group in its planning and scale — was a devastating demonstration of the military expertise it has gained since seizing control of Gaza in 2007. «Necessity is the mother of invention,» said Ali Baraka, a senior Hamas official, adding that the group had long drawn on money and training from Iran and Iranian regional proxies like Lebanon's Hezbollah, while bolstering its own forces in Gaza.

health insurance benefits such as renewal benefit, additional sum insured for loyalty and coverage of preexisting disease after waiting period that you get with a health insurance plan provided you continue with the policy for several years. But what happens when you decide to change your insurer? Can you transfer these benefits to the new policy? Does it make sense to go for a new policy if these additional benefits are not completely transferred to the new insurer when making the shift?We tell you here how it works. You can port your policy with the same insurer or switch to a new insurer Health insurance is one of the protections that people need for the longest period of their lives, often throughout their lifespans.

Bitcoin mining operations in the United States, owned by Chinese entities, are currently under investigation for potential issues that could threaten national security, according to the New York Times (NYT). 

By Dietrich Knauth

India's office space market is poised for significant growth between 2023 and 2025, with property developers saying the market has remained unaffected by the global economic slowdown. More than 165 million sq. ft.

science, accusing them of defaming traditional and alternative medical practices. Most people confuse science with logic. Anyone can be logical, even analytical, in establishing causality. But science is about stepping outside the human mind, relying on measurement, comparison and evidence.

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Refrigerants are chemical fluids that have made air conditioning and refrigeration possible, but they are hundreds or even thousands of times more powerful at warming the planet than carbon dioxide, the most notorious greenhouse gas

Chinese disposable e-cigarettes from Elf Bar remain widely available in the U.S. more than four months after U.S. health regulators moved to ban their importation

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