Indian stock market: The Nifty has made a notable advance above 22,500, following a sustained movement beyond 22,100. Moreover, there’s a visible consolidation breakout on the daily timeframe, indicating an increase in optimism. However, the Nifty faced initial resistance around its previous swing high of 22,526. Therefore, for a further rally, it needs to move … Read more
I am an entrepreneur and engage in online transactions on a daily basis. I want to protect my data and secure my business. Does a cyber insurance policy help mitigate financial losses in case of any cyber attacks? —Name withheld on request In today’s digitally interconnected world, our reliance on online transactions for personal and … Read more
Maintaining that GPT-4 “kind of sucks”, Open AI CEO Sam Altman said recently his company will release an “amazing new model” this year. This has sparked speculation that OpenAI may release GPT-5 sometime between June and August this year. Why is this a big deal? What triggered the excitement? OpenAI, the maker of ChatGPT, inadvertently … Read more
Patience is a virtue, but that may not be the case if you are an investor in Page Industries Ltd’s stock. This is because the wait for an earnings turnaround is getting longer. Weak demand, heightened competition and an inferior product mix is feared to keep its realizations muted in the March quarter (Q4FY24) as … Read more
Tax evasion and tax avoidance are distinct concepts, despite both aiming to minimise tax payments. Tax planning and avoidance employ legal strategies, whereas tax evasion is unlawful and can result in severe penalties. Interpreting tax evasion Tax evasion relies on deliberately deceiving tax authorities. This deceit can manifest in various ways, including: Concealing income: Not … Read more
Trustbusters have big tech in their sights. On March 25th the European Commission opened a probe into Apple, Alphabet (Google’s parent company) and Meta (which is Facebook’s). Regulators in Brussels think the measures which the American technology behemoths have put in place to comply with the Digital Markets Act, a sweeping new law meant to … Read more
Telephone and broadband solutions provider Bharti Hexacom is all set to launch its initial public offerings (IPO) on April 3. Bharti Hexacom IPO shall remain open for subscription till April 5. The IPO price range for Bharti Hexacom has been set at ₹542 to ₹570 per equity share, with a face value of ₹5. The … Read more
With the rising expenses of higher education in India, financial planning for parents has become a priority, in order to provide quality education for their children. Early planning in terms of where to allocate your funds for children gives more time to consider different investment avenues and develop a reliable investment strategy. Systematic Investment Plans … Read more
Among other reasons, Ukraine’s drone attack on Russian refineries and OPEC extending its supply cuts till mid-2024 have also dictated the movement of crude oil prices. Overall, the Brent crude’s highest mark achieved in FY24 was $97.69 per barrel in September 2023, after the Israel-Hamas war breakout. The lowest was $71.28 per barrel in May … Read more
With fewer than 48 hours to go before the financial year draws its curtains, investors are rushing to invest into a plethora of investment options in order to save their income tax for fiscal 2023-24. There is no denying the fact that most investment options, particularly the ones in equity have already become unfeasible from … Read more