Axis Bank and Piramal Finance have partnered to establish a co-lending business aimed at extending loans to underserved segments in India. This partnership aims to reach middle and low-income borrowers who lack access to traditional banking services, as well as to expand financial inclusion into rural and semi-urban areas beyond major cities. The newly established … Read more
Stock Market today: UltraTech Cement, Ambuja Cements, ACC, Orient Cement , The Ramco Cements share prices gained up to 14% on Monday. Shree Cements, Dalmia Bharat and few others share prices also gained up to 2%. Cement stocks remain in focus on rising capacities and ongoing consolidation in the Industry. The Cement demand also remains … Read more
The finance ministry plans to impose higher taxes on futures & options (F&O) transactions in the upcoming Union Budget, as per recent reports. Proposed changes include reclassifying these transactions as ‘speculative income’ from ‘non-speculative business income’ and potentially introducing TDS on them. This news has unsettled the trader community. Let us understand why. Derivatives are … Read more
Visaman Global Sales made a flat market debut today as its shares were listed at ₹45.10 each on NSE SME, indicating a premium of 5% over the issue price of ₹43. The SME IPO, valued at ₹16.05 crore, was open for subscription from June 24 to June 26, 2024, at a price of ₹43 per … Read more
I invested in sovereign gold bonds (SGBs) in FY16 and received the maturity proceeds in FY24. According to the terms, the proceeds are exempt from long-term capital gains tax if redeemed on maturity. My question is: Am I required to declare my earnings from these bonds in my ITR2 for AY25? If so, where? I … Read more
Budget 2024: Markets are scaling new highs with the benchmark indices – Sensex and Nifty 50 – rebounding significantly in last couple of weeks, after the volatility related to Lok Sabha poll results 2024 cooled down. Gurpreet Sidana CEO of Religare Broking, in an interview with Mint’s Ujjval Jauhari, said that the uncertainties are behind … Read more