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Indian stock market: The Indian stock market indices, Sensex and the Nifty 50, ended Tuesday, April 30, trading session in negative, attributed to a late-session selloff influenced by weak global cues. The stock market remained closed on Wednesday, May 1 on account of Maharashtra Day. On Tuesday, Sensex concluded the session 189 points lower, representing a decrease of 0.25 percent, settling at 74,482.78, while the Nifty 50 ended the day at 22,604.85, marking a decline of 39 points, or 0.17 percent.

In the volatile world of cryptocurrency trading, the words of top traders can often be both prophetic and lucrative. One such trader, renowned for his timely warnings and bold predictions, made headlines with a tweet advising everyone to dump Shiba Inu just before it experienced a significant slump of 60% in the last bull run. Now, this same trader is back with another eye-opening recommendation: Hump (HUMP), a Shiba Inu alternative trading under $0.02, is positioned for explosive growth in 2024.

Telecom regulator to revive talks on spectrum allocation “The courts had to be informed and the application has been disposed of. The government will not go back to the Court," the person said.

At present, the deadline for all current individual unit holders who own mutual fund units, either alone or jointly, nominate or opt out of nomination is June 30, 2024; otherwise, the folios will be blocked for debits. Mutual fund unit holders must provide nomination details in a specified format and opt out of nomination through a prescribed declaration form. If a holder does not nominate or opt out of nomination by 30 June 2024, folios/demat account will be frozen.

Ambuja Cements reported a standalone net profit of Rs 532 crore for the quarter ended March 2024, which is higher by 6% year-on-year. The company had clocked a profit of Rs 502 crore in the same period last year. Revenue from operations during the fourth quarter increased 12% year-on-year to Rs 4,780 crore, compared with Rs 4256 crore in the same quarter of last year.

Godrej Group, which has both the listed and unlisted entities, decided to split the conglomerate and operate as two entities — Godrej Enterprises and Godrej Industries. The conglomerate operates across aerospace, aviation, defence and liquid engines among others. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand.

RECord high of 75,124.28 on April 9 and the Nifty 50 scaled its fresh peak of 22,783.35 on April 30. The overall market capitalisation of firms listed on BSE rose to nearly ₹406.56 lakh crore on April 30 from nearly ₹386.97 lakh crore on March 28, making investors richer by nearly ₹20 lakh crore in a month. The undercurrent of the Indian stock market remains positive due to the bright outlook of the nation's economy, the prospects of political stability after the Lok Sabha election and the strong influx of domestic investors.

Equity mutual funds have offered an average return of 2.54% in the month of April, an analysis by ETMutualFunds showed. There were around 488 equity schemes in the market. HDFC Defence Fund, the topper in the list, gave 12.56% return in April. JM Midcap Fund gave 9% return in the last month. SBI PSU Fund and DSP Natural Res & New Energy Fund gave 8.53% and 8.39% returns respectively. Franklin India Smaller Cos Fund offered 7.04% return in the said period. Mirae Asset NYSE FANG+ETF FoF gave 6.75% in the last month.

₹4,837.69 crore in Q4FY24 as against ₹8,063.39 in the previous quarter. IOC’s revenue from operations for the quarter declined 1.4% to ₹2.19 lakh crore from ₹2.23 lakh crore, QoQ. The refiner’s EBITDA fell 33% QoQ to ₹10,435 crore, missing consensus estimates by 33%.

taxes to the Canada Revenue Agency.If you don’t, you can lose benefits, pay stiff fines or even face jailtime, an accountant told Global News.“Failing to file taxes by the deadline – there are some serious consequences,” Chartered Professional Accountant Shayan Rashid said.If you owe money, the late filing penalty is “five per cent of your 2023 balance owing, plus an additional one per cent for each full month that you file after the due date, to a maximum of 12 months,” according to the Canadian Revenue Agency (CRA) site.That means you could potentially end up paying 17 per cent of any balance you owe, Rashid said.But if the CRA charged you a penalty for filing late in 2020, 2021 or 2022 and requested a formal demand for return, the agency site says “your late-filing penalty for 2023 will be ten per cent of your balance owing” plus “for each full month that you file after the due date, to a maximum of 20 months.”“That’s just the penalty portion,” Rashid explained.“On the interest portion – this gets fun because now the rate of the CRA is charging is almost 10 per cent … and that compounds daily.”“If you have a balance owing for 2023 and are unable to pay it by the April 30 payment due date,” the agency’s site states, “the CRA will charge you compound daily interest starting May 1, 2024.”Rashid said the CRA can take more severe action if someone consistently files late or ignores repeated requests, like garnishing their wages, freezing bank accounts or placing liens on properties.“We have see the CRA go directly to the employer,” he said, speaking from Oakville, Ont, and that employer would be “required to pay the wages (to) the CRA first” before paying the employee.Extreme cases can result in tax evasion or fraud

Dividend-paying stock: Coal India shares are one of the dividend-paying stocks in the Indian stock market. The dividend declared by this PSU stock in FY24 is ₹24.50 ( ₹4, ₹15.25, and ₹5.25). Coal India share price finished on 31st March 2023 at ₹213.65 apiece on the NSE.

Sensex ended 188.50 points, or 0.25%, lower at 74,482.78, while the Nifty 50 settled 38.55 points, or 0.17%, lower at 22,604.85. Investors now watch out for the US Federal Reserve meeting outcome for further clues on interest rate cuts. The Indian stock market is closed on Wednesday, May 1, on account of Maharashtra Day.

Stocks to buy or sell: Following a pause in the global market gains on Tuesday with traders cautious ahead of the release of key European inflation and growth data, the frontline indices of the Indian stock market erased all the intraday gains in the last hour of trade and ended in the negative zone. The Nifty 50 index finished 38 points lower after climbing to a new peak of 22,783 whereas the BSE Sensex ended 188 points lower after inching close to its existing lifetime high of 75,124. The Bank Nifty index closed 27 points south after hitting a new high of 49,974 during Tuesday deals.

The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug

₹6.02, marking a 47.11% year-on-year growth, which is a positive sign for the company's profitability. KPIT Technologies has also delivered impressive returns to its investors, with a 9.42% return in the last week, 27.26% return in the last 6 months, and a YTD return of -0.35%.

₹7.25 for Q4, marking a substantial increase of 358.76% YoY, showcasing the company's ability to generate higher returns for its investors. Furthermore, Trent's stock performance has been impressive, delivering a 3.49% return in the last week, 103.52% return in the last 6 months, and a 41.22% Year-to-Date (YTD) return, demonstrating investor confidence and market strength.

₹80.16 for Q4 which increased by 38.81% Y-o-Y. Ultratech Cement has delivered 4.17% return in the last 1 week, 18.6% return in the last 6 months and -5.13% YTD return.

Manor Lords has taken the gaming world by storm, quickly becoming a top seller on Steam and captivating players with its unique blend of city-building and medieval strategy, a Dexerto report said. But what exactly is Manor Lords, and how did it achieve such rapid success? About Manor Lords

The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, a historic shift to generations of American drug policy that could have wide ripple effects across the country

newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters' work to train their generative artificial-intelligence systems. The eight newspapers, owned by hedge fund Alden Global Capital's MediaNews Group, said in the lawsuit that the companies unlawfully copied millions of their articles to train AI products, including Microsoft's Copilot and OpenAI's ChatGPT.

By Siddharth Singhal