Updates Financial News

Al-Nuseirat in central Gaza on Saturday, the territory's health ministry and the official Palestinian news agency said. The Israeli military said it was looking into the report. The health ministry said the attack on the school killed at least 16 people and wounded more than 50.

Shares of Brigade Enterprises Ltd.(up 4.1 per cent), Godrej Properties Ltd.(up 1.38 per cent), Sobha Ltd.(up 1.0 per cent), Oberoi Realty Ltd.(up 0.35 per cent) and Sunteck Realty Ltd.(up 0.25 per cent) ended the day as top gainers in the pack.

Income Tax Department has released common Frequently Asked Questions (FAQs) faced by taxpayers during filing their returns for AY 2024-25. Here some of the important FAQs as per the tax department’s website.

The deal was first announced to the market on 14 June 2021, but Tavistock's decision follows a «sustained period of unacceptable performance» by Titan, the Berkshire-based firm said. Tavistock added that the board expects the final sums due under the agreement will be received in due course and further updates will be made as appropriate. Titan Private Wealth demotes co-CEO title for Investec W&I hire two months after appointment In its results for the six months ended 30 September 2023, Tavistock reported a 19% growth in its revenue, which stood at £20.6m for the six months ended ...

NEET UG 2024 Hearing Live Updates: The Supreme Court (SC) of India will hear several pleas related to the medical entrance exam NEET UG 2024 controversy on Monday, seeking a direction to conduct it afresh.

mutual funds invest most of their corpus in the large and mid cap stocks. As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks. However, this definition does not tell the whole story about the large & mid cap category. Consider this: The 35% mandatory investments in mid cap stocks make them risky. However, they are less risky than pure mid cap schemes that invest around 65% in mid cap stocks. Also, the 35% investments in large cap investments offer them some stability. But they are riskier than pure large cap schemes. Then there is the question of the remaining 30% of the corpus. The fund manager has the option to decide where the money will be invested. If he thinks the large cap space is attractive, he may invest in large cap stocks. If he thinks mid cap and small cap stocks are poised to take off, he may invest in them. As you can see, these investments may increase or decrease the risk in these schemes.

Shares of Wipro Ltd.(up 1.14 per cent), HCL Technologies Ltd.(up 0.93 per cent), Infosys Ltd.(up 0.87 per cent) and Tech Mahindra Ltd.(up 0.43 per cent) ended the day as top gainers in the pack.

According to a trading update for the quarter to 30 June published today (11 July), the firm's AUM climbed 7% to £21.9bn, driven by net inflows of £644m and £978m of fund performance and market movements.  AUM in open-ended funds climbed 8% over the quarter to £17.3bn, thanks to both better net new business of £719m and investment returns of £585m.  Market movements and fund performance boost Polar Capital AUM by 14% Investment trusts were up 6% quarter-on-quarter to £5.4bn as performance worth £381m offset net outflows of £78m. Segregated mandates were up 1% to £816m over the peri...

Following an intensive manhunt Wednesday, police in the U.K. located a suspect believed to have killed three women with a crossbow in a home north of London.

volume growth along with expansion in margins during the April-June quarter of this fiscal, helped by a revival in rural demand and a stable urban market. Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates have reported a «gradual improvement» in demand trends in the April-June quarter, which was on the expected lines. Home-grown FMCG maker Dabur expects to register mid to high single-digit growth in its consolidated revenue, supported by mid-single-digit volume growth in the domestic market. Marico said its consolidated revenue grew in high single digits in the June quarter, while the domestic business posted a «modest uptick in underlying volume growth» on a sequential basis.

T20 World Cup champions India will take on Zimbabwe in the second match of the 5-match T20 series at Harare Sports Club. Zimbabwe defeated India by 13 runs in the first T20 international at Harare Sports Club. Despite struggling to 115 for nine, with Ravi Bishnoi taking a career-best four for 13, Zimbabwe bowled out India for 102. This loss ended India's 12-match winning streak in T20Is. Shubman Gill acknowledged that while the team bowled well, their fielding was subpar and they appeared rusty. India lost four wickets for 22 runs early, and Gill's dismissal for 31 further dashed their hopes. Sikander Raza, who took three for 25, highlighted the need for better batting despite the win. An unbeaten last-wicket stand of 25 proved crucial for Zimbabwe.

Most U.S. stocks rose after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September

₹50 crore) and potentially challenging India's largest corporations, or 'rulers', said Mukherjea. “Over the last 12 months, CCP underwent a significant increase in allocation to companies (from 10% previously to over 50% currently) which have seeded new business optionalities through capital allocation decisions over the last 3-5 years," according to Mukherjea’s May 2024 portfolio update.

CESC Ltd.(up 5.74%), Karma Energy Ltd.(up 5.00%), Energy Development Company Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.71%), Adani Power Ltd.(up 3.86%), GE Power India Ltd.(up 3.74%), Jaiprakash Power Ventures Ltd.(up 3.27%), Torrent Power Ltd.(up 3.08%), Kalpataru Projects International Ltd.(up 2.44%) and KPI Green Energy Ltd.(up 2.39%) stood among the top gainers.

e-Pay Tax service allows the e-Filing site to facilitate direct tax payment-related actions, including challan (CRN) production, payment, and payment history tracking. Taxpayers are offered wide range of modes for payment, including Net Banking, Debit card, Pay at Bank Counter. Penalty for missing ITR filing last date: Who has to pay and who doesn't

In a trading update for the third quarter published today (12 July), the AIM-listed asset manager reported that AUM fell by 0.9%, from £10.7bn at the start of April to £10.6bn, as market gains of £39m failed to offset net outflows of £139m. Investors withdrew £100m from multi-asset funds and £77m from equities, while £79m flowed into fixed income strategies and investment trusts remained flat. These outflows were slower than the £268m reported last quarter. «It is pleasing to note that we have seen continued demand for our fixed income funds as well as a more recent improvement in the...

Shares of Samvardhana Motherson International Ltd.(up 3.16 per cent) and Bosch Ltd.(up 1.16 per cent) ended the day as top gainers in the pack.

The new Labour government has moved quickly to honour its manifesto promise to remove the 'de facto' ban on new onshore wind farms in England, confirming this morning that from today (8 July) onshore wind projects will face the same planning rules as other infrastructure projects. In a speech to business leaders this morning, Chancellor Rachel Reeves announced Labour has published an update to the previous government's 'Policy statement on onshore wind', which had blocked a wave of new onshore wind projects. Chancellor Rachel Reeves puts growth at centre of In 2015, David Cameron'...

US Green Card applications: The August 2024 Visa Bulletin has been released, revealing slight progress for India's EB-2 and EB-3 categories. Meanwhile, other employment-based (EB) categories see no change. In the first preference category (EB-1, Priority Workers), the dates hold steady across all countries. For EB-1 India, the cutoff date remains February 1, 2022. This update is particularly significant for Indian applicants in the EB-2 (Advanced Degree Professionals) and EB-3 (Skilled Workers) categories, as any forward movement in priority dates can impact their green card application process. While the advancements are minor, they provide a glimmer of hope for many waiting in line. The unchanged status of the EB-1 category suggests that demand remains high, and the backlog continues. The steady date of February 1, 2022, for EB-1 India indicates that applicants will have to wait longer for their priority dates to become current.

EPF members who are retiring are already getting interest along with their PF settlements. When will EPF interest be credited for FY 2023-24?Here’s what EPFO has said, 4 ways to check PF balance