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₹7 lakh income, ₹50,000 standard deduction for salaried individuals and lower tax rates. “The government has structured the new scheme in a way that the tax outgo is either low or at par with the old scheme unless the taxpayer is claiming substantial tax deductions and exemptions," he said. For net incomes up to ₹7.5 lakh, the new tax regime is the straightaway choice as you get the tax rebate after claiming the ₹50,000 deduction.

mutual funds. Arbitrage funds look for arbitrage opportunities available between the cash and derivatives markets. In other words, the fund managers in these schemes look for the price difference that they can exploit between the cash and derivatives markets. They may also invest in debt securities and equities if there are no arbitrage opportunities available in the market.

Sebi on Monday said it will auction 22 properties of Rose Valley Group of companies on May 20 at a reserve price totalling Rs 8.6 crore in a bid to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include flats and office spaces located in West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. The e-auction will be conducted on May 20 between 11 am and 1 pm. The total reserve price of these properties is pegged at Rs 8.6 crore, it added.

Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in nearly four years, is stepping up efforts to expand into new markets. It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each city, said one of the people familiar with the plans.

Pidilite Industries Ltd. traded 2.34 per cent lower in Monday's session at 01:39PM (IST). The stock opened at Rs 2925.6 and has touched an intraday high and low of Rs 2949.8 and Rs 2903.85, respectively, during the session so far. The stock quoted a 52-week high of Rs 3073.2 and a 52-week low of 2293.1. About 5,202 shares changed hands on the counter so far.

Swaminathan Aiyar, Consulting Editor, ET Now, says “the emphasis is on more of the same. The thing is not to be different. The aim of the exercise is saying I am guaranteeing you that I have done so well for you. I am such a fantastic guy, the world looks up to me, I have improved India’s stature in the world, I have defended you against Pakistan, so I am such a great guy. I am giving you more of the same and I am giving my guarantee that I am more of the same. So, the emphasis really is more of the same, I would say, rather than saying how it is different.” Aiyar further says: “In four areas – education, employment, environment, and the police judicial system, major structural reforms are required, but they have not been attempted. And they have not been attempted because they are not easy areas to do. The attempts so far have not got very far. The BJP does not want to rock the boat at this particular point of time, even though it does have the political capital to do so. So, it is not attempting to do structural change in these four very important areas.”

CBI) that BRS Leader K Kavitha, during custody, did not cooperate with the investigation and deliberately gave evasive replies contrary to the evidence on record. «In the light of aforesaid facts and circumstances, her further custodial interrogation is not required at this stage. As already submitted in the foregoing paras she is deliberately and intentionally evading the just and relevant questions related to the case,» said the CBI. The CBI further stated that during the confrontation, she could not give a proper explanation for the transfer of Rs 14 crore from the company of Sharath Chandra Reddy in the guise of a land deal, her meetings with the accused Vijay Nair, her meeting with Magunta Sreenivasalu Reddy, the transfer of money to her by the accused Butchibabu Gorantla and other facts related to the criminal conspiracy in the formulation and implementation of the Delhi Excise Policy 2021-22.

Here is a look at the latest MCLR of the top 8 banks in April 2024. Also read: Home loan interest rates April 2024: Banks offering cheapest interest rates for home loans above Rs 75 lakh

K Krithivasan, CEO & MD and NG Subramaniam, COO, TCS, in conversation with ET Now. Krithivasan says: “This quarter we started talking about both AI plus generative AI pipeline, it is about 900 million for us. The revenue numbers, once it becomes material, we would start declaring that number also. But that revenue would be not only directly what you do using generative AI. So much work needs to happen in terms of getting the data ready, in terms of cloud migration as is required. Generative AI is going to have a long tail of other kinds of related work that needs to happen. Subramaniam says: “I would agree, except that one more thing I will add is that we are growth, efficiency, innovation or AI innovation, all happening at the same place, at the same time, and in a way that we are running a marathon and a sprint at the same time.” Is growth back? K Krithivasan: We have been looking at our TCV for the last four quarters. We have been reporting very impressive TCV and we believe that with this TCV, growth has to come back. But we do not know whether it will come in Q1 or Q2. I do not want to make that call. But overall, we believe FY25 would be a better year than FY24.

Samir Seksaria, CFO and Milind Lakkad, CHRO, TCS, in conversation with ET Now. Lakkad says: “We had a meeting of minds and all the vice chancellors and directors of all major institutions in India, all IITs, NITs, IISCs, IIMs – all premium institutions – came and we spent a good day-and-a-half with them. Primary purpose is basically how do we integrate better. This is a journey and more and more integration, more and more backward integration, more and more how do we shift left more so that we get industry ready people quickly.” Seksaria says: “We believe if the macro environment improves and growth comes back, growth being a bigger lever, it will help us accelerate this journey better. Else we are quite happy with where we are exiting Q4.”

American aircraft and planes downed dozens of drones and missiles when Iran launched the attack on Saturday, after Tehran repeatedly threatened to hit back in response to an Israeli strike on its consulate in Damascus that killed two top officers at the beginning of the month. Senior US officials detailed the role Washington played — both militarily and diplomatically — in countering the attack:

While investors try to meet their long-term financial goals, they should engage a financial consultant, believes Nishant Srivastava, CEO, Mass Affluent Business, Torus Wealth.

MS Dhoni yesterday match: In this IPLseason, fans of MS Dhoni have become used to watching him bat for only three to four balls per match. On April 14th, it was no different. With just four balls to go, Mumbai captain Hardik Pandya dismissed Daryl Mitchell.

Shares in Japanese banks and brokerages slid following lacklustre earnings reports from the likes of JPMorgan Chase and Wells Fargo, while local chip-sector stocks also tracked their U.S. peers lower.

Sensex plunged 793.25 points to close at 74,244.90, while the Nifty 50 settled 234.40 points, or 1.03%, lower at 22,519.40. Nifty 50 formed a long negative candle on the daily chart that has broken below the immediate support of the ascending trend line at 22,650 levels. Also Read: Indian stock market: 10 key things that changed for market over weekend - Gift Nifty, Iran-Israel tensions to inflation “Technically, this pattern indicates a formation of a crucial top reversal pattern and one may expect more weakness in the coming sessions.

Interest rates are an important factor that determine the trajectory of gold prices. When interest rates are high, gold becomes less attractive. When the US Fed hiked interest rates in 2022 and 2023, gold prices dipped (see chart). But in recent months, the US Fed has become less hawkish and more inclined to cut rates. Global gold prices have rallied on these expectations. “Gold prices could remain choppy in the months ahead as the market reacts to geopolitical developments. The medium term outlook for the precious metal is promising, given the imminent turn in the US interest rate cycle,” says Chirag Mehta, CIO, Quantum Mutual Fund. Gold has also rallied due to strong buying by central banks in the past few months. News reports say some countries are trying to reduce their US dollar reserves following the freezing of Russia’s reserves by the US and Europe, and are shifting to gold. “Increased buying of gold by central banks, especially China, in the quest to reduce dollar exposure (also called de-dollarisation), is the key reason for the spike in gold prices,” says Vidya Bala, Co-founder, PrimeInvestor.in.

Leane should consider the returns generated by a financial product to determine its suitability for a goal. The returns from some investments, such as those tied to equity, may exhibit significant short-term fluctuations, but offer favourable returns over extended holding periods. These investments entail uncertain returns, which may vary for different periods, making them unpredictable in advance. However, they are well suited to Leane’s long-term goal of wealth accumulation, offering the potential for favourable outcomes over time. This time frame allows the balancing out of lower return periods with higher ones, enabling Leane to capitalise on superior returns generated over the longer holding period. However, if allocated to immediate goals, Leane may encounter diminished value due to potential fluctuations when funds are needed. Additionally, the volatility in returns makes these investments ill-suited to goals that require consistent and periodic returns.

Edited excerpts: The economy has been prudently managed and is well placed cyclically, i.e. demand is picking up and there is spare capacity available to meet that demand. This means output (gross domestic product) and, consequently earnings growth, is likely to be healthy over the next 2-3 years.

Between mid-December and the end of March, police inspected about 400 shipping containers at the Port of Montreal and found nearly 600 stolen vehicles, most of them from the Toronto area.The operation showed how Canada’s second-largest port has become a key transport hub for stolen vehicle exports. Police say that’s because of the port’s strategic location and large container volume.

Rohit Sharma's valiant second Indian Premier League (IPL) century went in vain as a four-wicket haul from Matheesha Pathirana managed to restrict a power-packed Mumbai Indians (MI) line-up to 186/6 in their 20 overs and Chennai Super Kings (CSK) secured a 20-run win at Wankhede Stadium on Sunday. With this win, CSK is at number three with four wins and two losses, giving them eight points. MI is at eighth spot, with two wins and four losses, giving them four points. In the run chase of 207 runs, openers Rohit Sharma and Ishan Kishan started really well. Slowly building from boundary each in the first two overs, the duo targetted pacers Tushar Deshpande, Shardul Thakur and Mustafizur Rahman in next three overs.

Pattaya or a spa in Bangkok? Well, that could be a reality if India can pull off a currency deal with Thailand, which has emerged as one of the preferred destinations for holidays, conferences and corporate offsites, especially since the visa relaxation last year. Now, there are early signs that the government and the Reserve Bank of India (RBI) may be pondering over popularising the local unit in the South-East Asian country. The central bank recently asked banks to share their inputs and expectations on the level of transactions linked to Thailand. Authorised dealer banks issuing foreign exchange have a fair idea of travellers’ destinations, besides having latest information on international card spends and trade invoices. “They have asked for our feedback. I think there are plans of some rupee arrangement with Thailand. It’s in the early stages, as far as we can make out,” a senior banker told ET.