After pulling an about-face to become one of the best-performing technology stocks in China this year, Meituan may be primed for further gains on easing competition and improving profitability. Analysts see shares of China’s top food-delivery platform rising another 19% over the next year, on projections for record earnings. Cost cuts are helping Meituan boost … Read more
Mirae Asset Investment Managers has introduced India’s inaugural exchange-traded fund (ETF) specialising in electric vehicles (EVs) and the emerging automotive sector, named the ‘Mirae Asset Nifty EV and New Age Automotive ETF’. This open-ended scheme is crafted to harness the sector’s promising long-term growth potential. Investors have the flexibility to trade units on stock exchanges, … Read more
The upcoming Union Budget is expected to propose changes in the tax treatment of income from futures and options (F&O) segment with an aim to discourage retail participation in the derivatives trading, a report said. Along with various options, the government is said to consider moving income from F&O trading from the head of ‘business … Read more
The Indian rupee declined to a record low against the US dollar on Thursday weighed down by broader strength in the greenback amid demand from local importers. Rupee fell to its all-time low of 83.62 against the US dollar. The local currency had closed at 83.4550 in the previous session. The dollar index strengthened against … Read more
A year after the Securities and Exchange Board of India (Sebi) was established, private sector entities began entering the mutual fund industry. Five years later, in 1993, Kothari Pioneer, now Franklin Templeton, launched the first systematic investment plan (SIP). Today, SIPs are about to become one of the most preferred investment avenues for Indian investors. … Read more
Stock Market Today: Sapphire Foods India Limited share price remains in focus on stock split news. Sapphire Foods India Limited is the operator of KFC and Pizza Hut outlets in the country. It also is YUM’s Franchisee Operator in Sri Lanka and Maldives along with India. The Sapphire Foods India Ltd share price has been … Read more
What is a secured credit card? It is a type of credit card issued against the security of a fixed deposit. If you don’t have a CIBIL score, you can open a new fixed deposit or offer an existing fixed deposit and ask the bank to offer you a secured credit card against it. The … Read more
Oil prices reached seven-week highs on Wednesday, driven by optimism about summer demand and concerns over escalating conflicts, despite an industry report indicating an unexpected rise in U.S. crude inventories. Brent crude futures for August, set to expire on Thursday, increased by 20 cents to $85.53 a barrel by 12:35 GMT, while the more actively … Read more
Finance Minister Nirmala Sithraman’s Budget 2024 has raised many expectations since this is the start of the third term for the Modi Government. Reuters reported that the upcoming first full-fledged Budget 2024 of Modi 3.0 is expected to relieve taxpayers, as the government considers reducing income tax rates for specific groups of individuals. The report … Read more
Indian stock market: The Indian stock market benchmark index Nifty 50 ended its five-session winning streak on Wednesday, June 19, due to profit-taking at higher levels. The Nifty 50 reached a new peak of 23,664 during the session but retreated from those levels to close down 42 points, or 0.18%, at 23,516. During the session, … Read more