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crash on Thursday, Nifty50 has risen significantly in the recent past. New records are made only to be breached within a few weeks, if not days. Emkay Institutional Equities predicted Nifty50 to climb 11 per cent and touch 24,000 by December 2024.

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See graphic for details) If you have multiple movable and non-movable properties, you can consider creating a trust for better estate planning. In this case, the trust will be authorized to act on your behalf if something happens to you within specified conditions. One may wonder about the role of a nominee in case someone gets incapacitated.

₹300 billion) to 5.8% of gross domestic product (GDP), despite weaker-than-expected nominal GDP growth. Further, by targeting a fiscal deficit of 5.1% of GDP for the next year (lower than the 5.2% recommended by very few, including us), the government clearly signalled that achieving a fiscal deficit of 4.5% in 2025-26 is now a feasible goal. This is a clear and emphatic message from the government that it prioritizes long-term macroeconomic stability, even if it involves sacrificing some short-term growth.

NEW DELHI : Goods and Services Tax (GST) revenue collection of central and state governments will continue to grow at a faster pace than nominal GDP growth rate till very high tax compliance level is achieved, after which, the tax on consumption will grow in sync with the rate of economic expansion, Central Board of Indirect Taxes & Customs (CBIC) chairman Sanjay Kumar Agarwal said in an interview. Agarwal said that the nominal GDP rate will be dictating growth in GST revenue although presently there is a tax buoyancy above 1, which indicates compliance level is going up.

It looks like the Metro Vancouver bus strike has been averted as the two sides involved say they have accepted mediator Vince Ready’s recommendations.

Morgan Stanley analysts are turning bullish on major US banks on expectations that pending regulatory changes for higher capital levels will be less onerous than the current proposal, opening the door for an increase in buybacks.

Companies are having to get their workforces up to speed on artificial intelligence, and fast. And it’s looking like AI itself may be teaching the class. Online teaching provider Coursera’s training includes an AI-powered chatbot that can provide personal feedback to students.

Mumbai: The broking community is divided about extending trading hours for the equity derivatives segment but is deliberating it and is expected to reach a decision shortly, said Madhabi Puri Buch, chairperson, Securities and Exchange Board of India (Sebi). “At the moment, the broking community itself is divided. It’s a divided house, and there is a lot of discussion that is going on.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Mulltibagger stock: Shares of Mufin Green Finance Limited are one of the multibagger stocks that the Indian stock market has delivered in the last one year. This NBFC stock has surged from around ₹44.40 apiece level to ₹219.25 per share mark, logging around 400 per cent appreciation in the last six months. However, it seems that the NBFC stock still possesses some upside potential.

Minister of Parliamentary Affairs, Pralhad Joshi is set to convene a meeting of the floor leaders of various political parties in both Houses of Parliament ahead of the Budget Session. Before each parliamentary session, it is a standard procedure for leaders of various political parties to outline the issues they intend to raise, and the government provides them with a preview of its agenda while seeking their cooperation. It will be a short session this time, between January 31 and February 9, with Finance Minister Nirmala Sitharaman set to table the interim budget ahead of the Lok Sabha polls. The new government will present the full-fledged budget. The session will begin with President Droupadi Murmu's address to the joint sitting of the two Houses of Parliament.

3:5 bonus shares, 1:10 stock split: A long-term stock market investor enjoys some extra benefits over a short-term investor or a trader. While short-term investors and traders earn from the stock movement only, a long-term investor gets various rewards that a listed company announces from its capital reserves. These rewards are announced in the form of dividends, bonus shares, stock split, buyback of shares, etc.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) As the market is expected to see volatility in the near term, experts recommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks.

Budget 2024, there are expectations galore that the finance ministry could perhaps raise some of the exemption limits, which would reduce the tax burden. Among tax exemptions, one of the important ones is house rent allowance (HRA) which one can claim regardless of who owns the house. In other words, even if the house is owned by your spouse, you can claim a house rent allowance so long as it is part of your salary.

ITC share price opened at ₹456.00 apiece as compared to its previous close of ₹455.45 on the BSE. ITC shares has gained just 5% in the past three months, while the stock is up more than 34% in one year.

IOC while CLSA retained buy calls on SBI Life and Dalmia Bharat. Macquarie retained an outperform rating on HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Government of India (GoI) will present the Interim Budget 2024-25 on 1st Feb’24 (Thursday). Although the Budget presentation is only one part of managing public finances, it attracts significant attention. Based on provisional data available for 8MFY23 (Apr-Nov’23), our calculations suggest that gross taxes can exceed budget estimates (BEs) for the third consecutive year, by as much as INR1.3t in FY24. Due to higher non-tax revenue receipts, such as dividends, coupled with higher devolution to states and an expected shortfall in divestments, there is a projected over-achievement of INR1.1t in total receipts in FY24. According to the first supplementary demands presented on 6th Dec’23, the GoI has sought to authorize an additional cash outgo of INR584b in FY24, largely because of higher subsidies and defense services.

Stock market today: Despite strong Asian cues, the Indian stock market ended lower on Thursday. The Nifty 50 index lost 101 points and closed at the 21,352 level, the BSE Sensex shed 359 points and finished at the 70,700 mark while the Bank Nifty index ended 216 points lower at the 44,866 level. Broad market indices fared better than the Nifty and the BSE Small-cap index ended in the positive even as the advance-decline ratio remained positive at 1.27:1.

Catch Live Market Updates here The US Federal Reserve monetary policy and its first rate decision of 2024, to be released Wednesday, will be keenly watched and is expected to guide the markets. Both the domestic benchmark indices declined around 1.3% in the holiday-shortened week gone by, primarily dragged by weakness in the banking sector.