Experts Financial News

health insurance expert, our commitment to providing easy access to quality healthcare is at the heart of our product innovations. Thus keeping in mind the increasing accident incidences and cost, the ManipalCigna Accident Shield plan allows policyholders to choose from a range of sum insured options, spanning up to ₹25 crores, tailoring their coverage to their specific needs.

ESOPs are issued to the employees at a lesser price than the market price of the shares of the concerned company. “The difference between the market price and the exercise price is considered to be a prerequisite, which is taxed as salary in the hands of the recipient," said Archit Gupta, Founder and CEO, of Clear. The tax saving opportunities on them are similar to tax saving opportunities available for salaried class of people, like 80C deduction, 80D deduction, etc., Gupta added.

earlier reported by Cricbuzz that he had been admitted to a Chennai hospital. He was still under the watchful care of the hospital's medical professionals under the observation of Dr. Rizwan Khan, the designated doctor appointed by the Board of Control for Cricket in India (BCCI) to accompany the team, the publication added.

Mazagon Dock Shipbuilders which hit the day's high of Rs 2,219.90 on the NSE following an order for constructing DWT Multi-Purpose Hybrid Power Vessels for an undisclosed amount from a European client. Cochin Shipyard, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharat Dynamics, Bharat Heavy Electricals (BHEL), BEML, Mtar Technologies, Solar Industries, Paras Defence and Space Technologies and Bharat Forge were also among the top gainers, rallying up to 3%. Mazagon Dock Shipbuilders informed exchanges about receiving the Letter of Intent (LOI) from the European client on Monday after market hours. With today’s gains, the stock has broken its three session losing streak. At 10:20 am, over 11.50 lakh shares changed hands on the NSE with the total traded value standing at Rs 25,1.52 crore.

Britannia Industries Ltd. with a target price of Rs 5270.

Bharat Forge Ltd. gained 2.23 per cent to Rs 1106.7 in Tuesday's trade. It hit a high of Rs 1107.4 and low of Rs 1088.1 during the session.

The Sensex and Nifty 50 finished 0.7% down at 65512.39 points and 19512.35 points, respectively. Among the big movers in the market on Monday were Adani Ports and Special Economic Zone, Punjab National Bank, Tata Consultancy Services, and Oil India. Here’s what Avdhut Bagkar, Technical and Derivatives analyst, Stoxbox, recommends investors to do with these stocks when the market resumes trading on Tuesday.

WhiteOak Capital Mutual Fund has restricted investments into its Multicap Fund from October 4, making it the first scheme in this category to limit flows. The asset manager said the scheme with assets of Rs 489 crore, which was launched in September, will not accept lump sum investments but will continue to accept money through Systematic investment plan (SIP) or Systematic Transfer Plans (STPs). The move comes in the wake of the recent sharp rally in mid-cap and small-cap stocks, which many in the market believe is excessive. «WhiteOak Capital believes that funds that have a preponderance of narrow segments like mid- and small-cap should receive money in tranches gradually and not at any one point of time,» said Aashish Somaiyaa, chief executive officer, Whiteoak Capital Mutual Fund. «Whenever huge returns come from a narrow segment of the market, it is primed for a rotation away and in favour of some other segment of the market.»

Vinit Bolinjkar, Head of Research, Ventura Securities, says “Haifa port was a crucial cog in the wheel of Adani Ports. As the Adani group is in infrastructure, debt is a large part of their programme. That stock is taking a hit because of the uncertainty created by the Middle East tensions. Also the Supreme Court hearing on the Hindenburg Report is on October 13. So, we might as well wait until that before taking any fresh exposure to Adani stocks.” On PSU banks In the last runup, they were the ones that had outperformed the most.

“The Microcap and Small cap look risky and overheated at this point of time as the stocks have reflected a sharp rise in their prices during the past few months,” says Girirajan Murugan, CEO, FundsIndia. In an interview with ETMarkets, Murugan said: “The small cap and microcap stocks are more sensitive to macroeconomic changes that lead to more volatility in the short term” Edited excerpts: Nifty hit 20200 levels and then we saw some bit of healthy profit-taking amid muted global cues. What is your take on markets for the medium to long term? Our medium to long-term view remains bullish on the Indian stock market. We believe that the current correction in the Nifty of around 4% from the all-time high has offered a good opportunity to accumulate fundamentally strong stocks for the medium to long term at reasonable valuations.

Sensex and Nifty 50, ended sharply lower on Monday, snapping a two-day winning run, as the ongoing Israel-Palestine war spooked investors. The Nifty 50 fell 141 points to close at 19,512.35 and the Sensex ended 483 points lower at 65,512.39. Nifty 50 formed a small negative candle on the daily chart with upper shadow.

Answer: Deduction for NPS contribution is available under Section 80 CCD. Under section 80 CCD(1) the contribution of the taxpayer is eligible for deduction up to ₹1.50 lakh as per the limits laid down under Section 80 CCE which also covers the various items of section 80 C and 80 CCC. The deduction for NPS is subject to restriction of 10% of the salary for salaried and for others, it is capped at 20% of the gross total income.

Oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session as markets weighed the potential for supply disruptions as the conflict between Israel and the Palestinian Islamist group Hamas continued. Brent crude fell 18 cents, or 0.2%, to $87.97 a barrel at 0017 GMT, while U.S. West Texas Intermediate crude eased 16 cents or 0.2% to $86.22 a barrel. Both benchmarks had gained more than $3.50 on Monday on news of the conflict after falling steeply in volatile trading last week. Hamas' launched the largest military assault on Israel in decades on Saturday.

Tata Steel Global ratings agency Fitch Ratings has upgraded the issuer rating on the steel major to “BBB-” from “BB+”, with a stable outlook. The company’s plans to turnaround the UK operations with investments and part funding from the UK government has triggered the rating upgrade.

Rich Lister Nick Politis will pocket $245 million from the sale of some privately owned car dealerships in Victoria to the ASX-listed group Eagers Automotive, in which he has a 27.6 per cent stake.

Bitcoin (BTC), the most valuable cryptocurrency in the world, could not break the $28,000 mark over the weekend, showing sluggish movement. 

The crypto market has recently witnessed significant developments, notably relating to Ethereum ($ETH), Maker ($MKR), and InQubeta ($QUBE). On the one hand, Ethereum surges past a crucial threshold, while Maker shows signs of momentum. Simultaneously, InQubeta, the crypto of the moment, also exhibits a promising upward trajectory.

Federal officials have issued a warning about a substantial safety violation at a South Carolina nuclear plant after cracks were discovered again in an emergency fuel line

NEW DELHI : Virtual reality (VR) goggles, immersive games and new shopping experiences introduced consumers to the metaverse in the last two years; however, the real growth of metaverse may happen on the enterprise side, as companies find multiple use cases. The metaverse is defined as a virtual immersive environment that mirrors our reality through technologies such as AI, blockchain, 5G, community and power platforms, augmented reality (AR), and virtual reality (VR).

Dr. Santosh G. Honavar, the Honorary Secretary of the All India Ophthalmological Society (AIOS), Director of Ophthalmic Plastic Surgery and Ocular Oncology at the Centre for Sight Eye Hospital, Hyderabad, former Associate Director of LV Prasad Eye Institute, Hyderabad, and the past Editor of the Indian Journal of Ophthalmology, has claimed the top spot among researchers in Ophthalmology in India for the third consecutive year.

Gold prices rose more than 1% on Monday as the military conflict between Israeli forces and Palestinian Islamist group Hamas raised political uncertainty in the Middle East, prompting safe-haven buying of investments like bullion. Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when gunmen from Hamas rampaged through Israeli towns on Saturday. Gold is used as a safe investment during times of political and financial uncertainty. Spot gold jumped almost 1% to $1,849.10 per ounce by 1132 GMT, having hit its highest level in a week. U.S.