Information Financial News

By Tejas Patil

Indian households often hold gold as an asset class, passing it down from one generation to another as a symbol of wealth and heritage in India. There are many stories relating to gold and people love this metal as a jewellery more than just an asset.

On the BSE, Riddhi Corp. Service(down 17.32 per cent), Supershakti Metaliks(down 13.04 per cent), Clariant Chem(down 11.49 per cent), KM Sugar Mills(down 9.99 per cent) and Shree Bhavya Fabric(down 9.99 per cent) stood among the top losers in today's trade.

The United States Internal Revenue Service (IRS) has recently  released a draft of Form 1099-DA  for reporting income derived from digital asset transactions. 

Clearing your credit card debt in full usually improves your CIBIL score. It shows responsible credit behaviour that is seen positively by the lenders. Besides, it helps borrowers avoid interest charges. 

HSBC Geneva, a tax order has questioned the very approach of the Income Tax (I-T) department in going after individuals whose names figured in the infamous list of information that was stolen by an employee of the Swiss private banking arm of the British bank. In a decision that could have a bearing on other `HSBC account’ cases, a tax tribunal last week has ruled that the I-T department cannot go back 16 years to reopen old matters to tax the ‘peak balance’ lying in such bank accounts. Why? Because, according to the Mumbai bench of the Income Tax Appellate Tribunal — a quasi judicial authority — a bank balance reflects 'assets' and not ‘income’, and, under the law, only income can be taxed. Till now, in many HSBC matters, tax claims have been raised on the maximum amounts that were lying in the bank accounts — primarily because that was the only information that the I-T department had in 2010-11 when it received the data.

Indian School Certificate Examinations (CISCE) is anticipated to announce the 'ICSE and ISC Results 2024'. According to the information available, 'the official release date hasn't been confirmed yet', but based on historical data, 'results are likely to be declared in the first week of May'. The Council for the Indian School Certificate Examinations (CISCE) is set to declare the results for 'Class 10 (ICSE) and Class 12 (ISC) examinations' in 'May 2024'. As per the previous year's data, 'the results were declared on May 13'. The 'ICSE exams' took place from 'February 21 to March 28, 2024', whereas the 'ISC exams' occurred from 'February 12 to April 3, 2024'. It's crucial to highlight that 'the Class 12 Chemistry exam' was 'rescheduled' from 'its original date of February 26 to March 21'.

In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Halifax Shopping Centre parking lot, and later died in hospital.Police say officers were called to 7001 Mumford Road just after 5 p.m. Monday.“Officers located a male youth who was taken to hospital where he died as a result of his injuries,” police said in a news release on Monday night.“Officers arrested two suspects at approximately 5:25 p.m.

RIL, Wipro, HDFC Bank, UltraTech, IREDA among others will be in focus due to various developments and earnings. Wipro Wipro reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March.

Ghazipur landfill site with residents reporting trouble in breathing due to the toxic fumes. 1. "For now, we are waiting for the (Ghazipur landfill) site to cool down.

Nothing Ear, Ear (a) launched in India: Details on price, playtime, features and more Reportedly, the data relating to Nothing community members was spotted via a text file-sharing website that included publicly available information like usernames, display names, join dates, comment counts, last-seen information, forum profile permissions and more. However, the report also states that the data dump also included data that isn't in the public domain, including email addresses linked to community member profiles and profile suspension fields.

TikTok ban in the US could soon become a reality after The House of Representatives passed a bill that have provisions to make social media inaccessible in America if Chinese investments are not divest of. The bill makes a strong case for stringent law, as per a report New York Post. The TikTok legislation, which was included in a package of bills that would send aid to Ukraine and Israel, could become law as soon as next week if the Senate moves quickly.

The new app pays users to watch videos.

JSW Steel, were in the red, while Bharti Airtel, HCL Tech, Wipro, Titan and Reliance Industries, were the top gainers. Sensex Today Live : The company's follow-on public offer (FPO), the largest in India at ₹18,000 crore, reached full subscription on its third day.

Karnataka Milk Federation, the state-owned dairy cooperative federation with brand name 'Nandini', will sponsor Scotland and Ireland cricket teams in the 2024 T20 World Cup — a move which has come under criticism in some quarters. «Yes, we are sponsoring them. They are going to display our brand during the matches,» KMF Managing Director M K Jagadish told PTI on Sunday. He said the decision was taken to make Nandini a global brand. «We already have stores in the Middle East. Our presence is in Singapore as well. We are selling our sweets in America,» Jagadish explained. Information technology industry veteran and former Chief Financial Officer of Infosys T V Mohandas Pai criticised the move. In a post on 'X', he said: «What a big shame!Why are they using the money belonging to the farmers of Karnataka, paid by consumers who are kannadigas, to sponsor foreign teams? What value will it deliver? Pay poor farmers better. @siddaramaiah @DKShivakumar this is a waste for a largely Karnataka based co/op!»

NEW DELHI : New Delhi: International crude oil prices fell on Monday amid global growth concerns and improving crude inventory in the US. It also helped that Israel's retaliatory attack on Iran was smaller than had been feared. At 10.32 am, the June contract of Brent on the Intercontinental Exchange was trading at $86.50 per barrel, lower by 0.90% from its previous close.

In a dynamic world where mobility is paramount, Gaswizard emerges as a guiding light of innovation, offering a revolutionary platform that transcends traditional boundaries. With its official launch, Gaswizard embarks on a mission to redefine how we fuel and power our vehicles, ushering in a new era of convenience, efficiency, and sustainability for drivers worldwide.

NDTV, an anchor with the Kolkata branch of Doordarshan – Lopamudra Sinha – was heard slurring while reading out the information before she blacked out. "The teleprompter faded away and I blacked out... I collapsed on my chair," she said in a video shared on her Facebook page.

Arcelormittal Nippon Steel India Ltd., a joint venture between two of the world’s leading steel makers, is in talks with banks to raise about 85 billion rupees ($1 billion), according to people familiar with the matter, in what could be the biggest local-currency loan this year to fund the firm’s expansion. At least three lenders including State Bank of India, ICICI Bank Ltd. and Axis Bank Ltd. would be participating in the syndicated deal, with proceeds to be used for capital expenditure, said the people who asked not to be identified for discussing private information. SBI, India’s top bank, could lend more than half of the loan, which may carry a tenor longer than five years and be priced against a local interest rate benchmark, they said, adding that details of the lending facility are not finalized and may change.

Rakhi Sawant finds herself entangled in a legal battle following accusations of leaking an obscene video involving her ex-husband, Adil Khan Durrani. The controversy has escalated to the point where Rakhi has sought legal recourse in the Supreme Court to evade potential arrest.