Experts Financial News

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digital currency (CBDC) also known as the 'Digital Rupee’. As of 30 June, more than a million users as well as 262,000 merchants had registered for the pilot on retail CBDC transactions. Industry experts termed CBDCs as transformative catalysts that will reshape financial inclusion, ensuring a safer and more affordable avenue for all individuals to engage in economic transactions.

Infosys to train 50k employees on Nvidia AI stack Infosys share price has significantly underperformed its sectoral index BSE IT and the benchmark Sensex in the last one year. While the BSE IT is up about 21 per cent in the last one year, Infosys share price is up only about 8 per cent. The Sensex has gained nearly 12 per cent in the same period.

Mangalam Alloys IPO Dates: Mangalam Alloys IPO opened for subscription today, on September 21 and will close on September 25. Mangalam Alloys IPO Allotment: The company will finalise the basis of IPO allotment on September 29 and initiate refunds on October 3, while credit the shares in the demat accounts of eligible allottees on October 4. Mangalam Alloys IPO Listing Date: Mangalam Alloys shares are proposed to be listed on NSE SME with tentative listing date on October 5.

Stock market today: EMS share price today listed on BSE and NSE at a stronf premium despite Indian stock market extending its slide on third day in a row. EMS share price today opened on BSE at ₹281.55 apiece levels whereas it opened on NSE at ₹282.05 apiece levels, delivering over 33 per cent listing gain to the lucky allottees against the EMS IPO price band of ₹200 to ₹211 per equity share.

Stock market today: Key benchmark indices extended its slide for third straight session during morning deals on Thursday. BSE Sensex today opened lower at 66,608 and went on to hit intraday low of 66,219 levels, logging near 0.87 per cent dip during Thursday deals.

₹99 per admission. The offer will not apply to recliners and premium formats like IMAX or 4DX. National Cinema Day this year will unfold across more than 4000 participating screens, including chains like PVR Inox, Cinepolis, Miraj, Citypride, Asian, Mukta A2, Movie Time, WAVE, M2K, Delite, and others.

West Coast Paper Mills climbed 4% to Rs 697 in Thursday's trade on BSE after the firm said that it has received preliminary verbal approval from the National Company Law Tribunal (NCLT), Chennai Bench, for its resolution plan submitted to acquire Uniply Decor. «Our consultant, Lagrange Point Advisors LLP, an investment banking firm based in Mumbai, informed us that the resolution plan to acquire Uniply Decor has been approved verbally by the Chennai Bench of the NCLT. The approval has been received under the provisions of Insolvency and Bankruptcy Code, 2016,» West Coast Paper Mills said in an exchange filing. The resolution plan, submitted by West Coast Paper Mills Ltd and previously approved by the Committee of Creditors of Uniply Décor Ltd, marks a crucial step towards the company's expansion and diversification efforts. At 11.04 a.m., the scrip was trading 3.4% higher at Rs 693 on BSE.

Gold rate today: Despite rate pause decision in US Fed's meeting on Wednesday, gold price today is under sell off pressure. Gold future contract for October 2023 expiry on Multi Commodity Exchange (MCX), opened lower at ₹59,315 per 10 gm levels and went on to hit intraday low of ₹59,004 levels within few minutes of commodity market's opening bell today.

HDFC Bank share price extended decline for the third straight session on Thursday amid heavy selling in the banking heavyweight. HDFC Bank shares fell as much as 1.65% to ₹1,538.05 apiece on the BSE. HDFC Bank stock has lost more than 7% this week so far.

Amitabh Mohanty, MD and CEO of JM Financial Mutual Fund believes India is on a multi-decade growth path and the impact of global economic slowdown could be limited on the country. In an interview with Mint, Mohanty shared his views on markets, the economy and the sectors he finds promising. The process of investment remains the same for most investors. Disciplined asset allocation after proper analysis of risk appetite and time horizon of investment, could deliver results.

₹282.05 per share, 33.7% higher than the issue price of ₹211, and on the BSE, EMS share price was listed at ₹281.55 per share. EMS IPO price band has been fixed in the range between ₹200 to ₹211 per equity share of face value of ₹10 each. EMS IPO lot size is 70 equity shares and in multiples of 70 equity shares thereafter.

Signature Global IPO: The initial public offering (IPO) of Signature Global opened for subscription on Wednesday and it will remain open for bidders till 22nd September 2023 i.e. on Friday this week. The realty company aims to raise ₹730 crore from its public offer and it has fixed Signature Global IPO price band at ₹366 to ₹385 per equity share.

SJVN share price cracked 10 per cent in early deals on Thursday on BSE as the offer for sale (OFS) for non-retail investors opened. Retail investors can bid in the OFS tomorrow on Friday. The stock opened at ₹74.69 against the previous close of ₹81.75 and cracked 10 per cent to hit the level of ₹73.53 on BSE.

Day trading guide for today: Following mixed global market sentiments, key benchmark indices of the Indian stock market finished lower for second day in a row on Wednesday. NSE Nifty finished 231 points lower at 19,901 levels, BSE Sensex shed 796 points and closed at 66,800 mark whereas Bank Nifty index dipped 595 points and closed at 45m384 levels. In broad market, small-cap index slipped 0.51 per cent while mid-cap index corrected 0.33 per cent.

GST portal >> Go to ‘Report ITC Reversal Opening Balance’ 2)Go to ‘Services’ from the homepage >> Go to ‘Ledger’ >> Click on ‘Electronic Credit Reversal and Re-claimed Statement’ >> Click on ‘Report ITC Reversal Opening Balance’ Archit Gupta listed five essential measures that will help taxpayers manage ITC reversals and reclaim better -A thorough reconciliation is to be done from April 2022 till date to determine ITC claimed, reversed, reclaimed, ineligible ITC, and pending reclaims and arrive at the opening balance for the ITC reversal statement. -A separate ledger is to be created in the books of accounts, if not practiced earlier, for all ITC reversals and reclaims going forward.

₹2.50 lakhs and you do not have tax liability; you can submit form no. 15 G to the bank for paying you interest without deduction of tax at source.

EMS IPO: Listing date for the initial public offering (IPO) of EMS Limited has been fixed on 21st september 2023. As per the information available on BSE website, "...effective from Thursday, September 21, 2023, the equity shares of EMS LIMITED shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." So, EMS shares are going to debut on Dalal Street in special pre-open session during Thursday deals and EMS share price would become available for trade from 10:00 AM on Thursday session.

Buy or sell stocks for today: Following mixed global cues, Indian stock market ended lower for second straight session on Wednesday. Nifty 50 index went down 231 points and ended at 19,901 levels, BSE Sensex corrected 796 points and ended at 66,800 levels whereas Nifty Bank index nosedived 595 points and finished at 45,384 mark.

Market regulator Sebi’s attempt to regulate the social media-based influencer community, though a step in the right direction, might miss its primary target of reining in the fraudulent tricksters active in the online world, say founders of wealthtech companies.Earlier this month, Sebi chairperson Madhabi Puri Buch invited ‘finfluencers’ — social media influencers who offer advice and information on financial products to their followers — to get

global market for generative artificial intelligence (genAI) is set to offer, experts said. However, it will have to make strategic changes in several areas, according to a report by Nasscom and McKinsey & Company.