Buy or sell stocks: Domestic equity benchmarks Sensex and Nifty 50 settled flat in the previous session dragged down by heavy losses in HDFC Bank even as those of select heavyweights such as Reliance Industries, State Bank of India (SBI) and Larsen & Tounro underpinned amid largely positive global cues. The NSE Nifty 50 rose … Read more
The Reserve Bank of India (RBI) penalised five banks including Punjab National Bank (PNB) with various RBI directions, reported The Economic Times. RBI imposed a penalty of ₹1.31 crore on PNB, which became the fifth bank for getting the wrath of the banking regulator. Other banks fined by the RBI are The Gujarat Rajya Karmachari … Read more
Bansal Wire IPO: The bidding for Bansal Wire Industries Limited ended on Friday last week, with the public issue worth ₹745 crore receiving a strong response from the Indian primary market investors. According to Bansal Wire IPO subscription status, the public issue was subscribed 59.57 times in three days of bidding from 3rd to 5th … Read more
DA hike news: After the announcement of a 4 percent Dearness Allowance (DA) for the central government employees effective from 1st January 2024 and the subsequent rise of the Dearness Relief of 4 percent to the pensioners of the central government, the DA and DR for the central government employees and central government pensioners has … Read more
Stock to buy or sell: Yes Bank shares witnessed strong upside during Friday deals last week. Yes, Bank share price opened flat on Friday and remained sideways till 12:15 PM. The stock started gaining momentum at noon and touched an intraday high of ₹27.04 apiece on the NSE ahead of the closing bell. According to … Read more
In anticipation of Budget 2024, experts foresee Lakhpati Didi 2.0 as a potential game-changer for rural women’s economic empowerment. The revised approach aims beyond income targets, focusing on sustainable business models, skill development, and market linkages. Finance Minister Nirmala Sitharaman unveiled the ‘Lakhpati Didi’ scheme during the Interim Budget 2024. The scheme aims to empower … Read more
* Sheinbaum taps Garcia Harfuch as security minister * Argentina analysts lower inflation forecast for 2024 * MSCI Latam FX index to notch first weekly gain since May * Latam stocks flat, FX gains 0.3% By Johann M Cherian July 5 – Latin American currencies edged higher on Friday as a softer U.S. jobs report … Read more
Investing in overseas markets is a great way of diversifying your portfolio. By spreading investments across countries, you can mitigate risks associated with domestic market concentration and benefit from growth opportunities in different regions. It also allows you to tap sectors and industries that may not be well-represented in India, making for a more balanced … Read more
Dividend Yield Stocks: Coal India, Gujarat State Fertlisers & Chemicals (GSFC) and Oil and Natural Gas Corp (ONGC) are among the top 10 dividend-paying companies, according to domestic brokerage Religare Broking. “We have filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks. Investors interested in dividend income can … Read more
As a taxpayer, you must be aware of the fact that the new tax regime is now the default regime. Therefore, one has to opt for the old tax regime in case they want to avail one or more tax deductions and exemptions. The last date to file income tax return for financial year 2023-24 … Read more