International Yoga Day 2024: Transcending the boundaries of cultures and ethnicities, Yoga has become a global movement for fitness enthusiasts and those who want to adopt a healthy lifestyle. The celebration of International Yoga Day on June 21 worldwide is a testimony of the growing influence of the ancient Indian practice. The practice originated in … Read more
In a meeting with Union finance minister Nirmala Sitharaman on Friday as part of consultations ahead of the annual budget for 2024-25, they also urged higher allocations to strengthen the Agricultural and Processed Food Products Export Development Authority (APEDA), a government export trade promotion body. The upcoming full-year budget is expected to be presented in … Read more
By Mariam Sunny and Bhanvi Satija June 21 – Sarepta Therapeutics shares surged as much as 40% to a more than three-year high on Friday as an expanded use approval cemented its dominant position in the gene therapy market for Duchenne muscular dystrophy . At current levels of $163.88, stock was set to add nearly … Read more
NEW DELHI:India’s pension fund regulator plans to launch a balanced life-cycle fund for people who want more equity allocation in their portfolio in the September quarter, said Deepak Mohanty, chairperson, Pension Fund Regulatory and Development Authority (PFRDA) on Friday. “The fund will be an additional option in the auto choice where equity allocation can be … Read more
Union Budget 2024: The Prime Minister Narendra Modi-led government is contemplating measures worth over ₹50,000 crore ($6 billion) to boost consumption in India’s upcoming Union Budget. This includes potential tax cuts for lower income individuals, marking the first such cuts in seven years, sources told Bloomberg. Finance Ministry officials are evaluating proposals to reduce taxes … Read more
However, private weather forecaster Skymet believes the southwest monsoon will gather pace in the coming days and will cover the entire country ahead of its schedule. Garima Kapoor, Economist, Elara Capital, pointed out that the El Nino conditions that prevailed since June 2023 led to subnormal monsoons in India last year. This year, the chance … Read more
Perhaps influenced by LIC’s stance, the government amended the Insurance Act, 1938 in 2015 to discourage ‘trading’ in insurance policies. Mehta approached the Supreme Court to clarify that a ‘one-time assignment’ was not considered ‘trading’ in life insurance. The court ruled in his favour saying that a ‘one-time assignment’ was not considered ‘trading’ in life … Read more
Apple and Google have both entered the generative AI fray, showcasing features that will bring AI features to all our smartphones. While this means that you can probably do much more with your upcoming phones, it also brings some risks to the table. What can your phones do with AI? On 10 June, Apple unveiled … Read more
Buy or sell stocks for today: The domestic benchmark, Sensex and Nifty 50, closed Thursday’s session in positive territory after navigating through some volatility during the trading day. The 30-share BSE Sensex closed up by 141.34 points, or 0.18%, at 77,478.93, while the Nifty 50 ended the day at 23,567.00, gaining 51.00 points, or 0.22%. … Read more
MUMBAI : With the Union Budget expected in the second half of July, mutual fund executives are hoping for measures in four key areas that can boost their sector and invigorate the economy. Debt taxation From 1 April 2023, debt mutual funds have not got the benefit of indexation on long-term capital gains. Such gains … Read more