Track Financial News

NEW DELHI, BENGALURU : HCL Technologies Ltd has emerged as the best performer among India’s top four IT services firms in the seasonally weak December quarter, heading into the final leg of what’s expected to be a slow financial year for the sector. Both HCL Tech and Wipro Ltd, which also reported quarterly numbers on Friday, beat market estimates, making Infosys Ltd the only one of the top four–the biggest being Tata Consultancy Services Ltd–to miss Street projections. Even so, Infosys, which announced its numbers on Thursday, as did TCS, saw the biggest single-day gain for its shares on Friday since July 2020 as its earnings turned out to be not as bad as analysts had feared.

Canadians appear to be riding a wave of optimism about the national economy and their personal financial prospects, according to latest results of an ongoing survey tracking households’ views.

T20 World Cup, Team India captain Rohit Sharma was back in the T20I circuit on Thursday, January 11, when the men in blue faced Afghanistan in Mohali. In the opening match against Afghanistan in Mohali on Thursday, Rohit carried the team without Virat Kohli for the first time In the Indian innings, Rohit came down the track and creamed the ball towards mid-off after playing many months. He came to bat first with Shubhman Gill on the other side In Fazalhaq Farooqi's first over.

New Generation AKASH (AKASH-NG) missile from the Integrated Test Range (ITR), Chandipur off the coast of Odisha at 10.30 am today. The flight test was conducted against a high-speed unmanned aerial target at a very low altitude. During the flight test, the target was successfully intercepted by the weapon system and destroyed.

Old Bridge. Groww and Old Bridge are launching NFOs for mutual fund investors. Groww's NFO is open from 17 to 19 January and offers Equity: Flexi Cap funds.

This year’s scores on the Henley Passport Index, which tracks how easily people can travel abroad, are out. For the past five years, Singapore and Japan have been contenders for the honour of issuing the most powerful passports, granting their holders access to more of the world’s countries without a prior visa than others.

An Airbus plane operated by United Airlines cut short a flight after crews got a door-indicator warning, according to a spokesperson for the airport in Tampa, Florida

Nearly a dozen new bitcoin funds began trading in U.S. markets for the first time Thursday, providing increased access to the cryptocurrency for everyday investors

The first US ETFs that directly hold bitcoin are off to a strong start, with billions of dollars changing hands in a historic first day of trading for the long-sought investment vehicles. 

withholding tax provisions in line with the country's overall thrust to simplify the tax structure to make it easier for businesses and reduce disputes. There are several tax deducted at source (TDS) provisions with different thresholds and multiple rates. This has created a TDS maze that leads to frequent disputes as well as the blocking of working capital at businesses. «There is a need to simplify the regime in view of the complexities that have crept in over time,» said a government official, explaining the need for the review. The cleanup of the withholding tax regime could take place in the February 1 interim budget if the review is completed in time. There are about 33 sections in the Income Tax Act dealing with TDS rates that range from 0.1% to 30%. For example, before 2020, fees for technical services (FTS) and fees for professional services (FPS) were subject to 10% TDS.

MUMBAI : The US may have green-lighted exchange-traded funds (ETFs) in bitcoin, but for India’s apex banking regulator, cryptocurrencies remain a strict no-no. “The way we look at crypto remains unchanged, irrespective of who does what," Reserve Bank of India (RBI) governor Shaktikanta Das stated at the 16th Mint Annual BFSI Summit and Awards in Mumbai on Thursday. “Just because somebody is doing something, we are not here to emulate them." The US Securities and Exchange Commission (SEC) on Wednesday approved the first US-listed ETFs to track bitcoin, marking a milestone for the world’s largest cryptocurrency and the broader crypto industry.

NEW DELHI : Budgetary allocation for Indian Railways is expected to hit record levels in 2024-25 as the government gears up to support a major makeover for the national transporter with additional modern and faster trains and improved safety features. The capital expenditure (capex) for the railways is likely to be increased by about 25% from the 2023-24 budget estimate, two people aware of the development said. That would take the budgetary allocation to more than ₹3 trillion in 2024-25.

By Ariba Shahid

disabled, aged and non-human citizens. For persons with disabilities (PwD), life in India is like running on an unending obstacle course. What is more unfortunate is that even if a few among them manage to cross those hurdles — discrimination, lack of accessible infrastructure and facilities, and educational and skilling support, to name a few — most falter on yet another track: employment.

By Johann M Cherian and Ankika Biswas

Not making a budget: The most common mistake people make is that they don’t closely track their inflows and outflows. Often, this can lead to mismanaged finances. So, establishing a realistic budget that includes all your income, expenses, and savings goals, should be the first key step for your financial plan.

Moneycontrol report. “Unfortunately, owing to local market conditions, we can no longer continue to serve users of Resso in India. We have therefore decided to shut down Resso and its associated operations on January 31.

Jyoti CNC Automation fell sharply in the unlisted market on Thursday despite a robust response for the IPO. The issue was subscribed 12 times so far on the last day of the bidding process. The company's shares are trading with a premium of Rs 45, down from 75 the previous day.

invest in mutual funds online via Dhan in the top-rated direct mutual funds with 0% commission for a lifetime. Additionally, when you invest in mutual funds through the Dhan platform, you get a lightning-fast investing experience. In this article, we'll explore how mutual funds on the Dhan platform make investing simpler, smarter, and faster.

The US Securities and Exchange Commission (SEC) has finally approved a range of spot Bitcoin (BTC) exchange-traded fund (ETF) applications. 

SMC Global Securities Ltd. Parag Parikh Dynamic Asset Allocation Fund will be an open-ended dynamic asset allocation fund. The investment objective of the scheme will be to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments.