By expanding into new markets, products, or services, businesses can mitigate risks associated with economic downturns, industry shifts, and unforeseen challenges. The data centre industry stands as a prime example of this trend. India has emerged as a global hotspot for data centre investments, fuelled by increasing digital adoption and favourable government policies. With a … Read more
Japan’s Yen surged 2% as it witnessed its highest level against the dollar since January, and China’s yuan jumped by 0.7%, on Monday, damaging carry trade rates. The Mexican peso, on the other hand, slumped 5 per cent against the dollar in Asian trading, moving for a loss on the consecutive third day. Such a … Read more
In a recent LinkedIn post, Andhra Pradesh Chief Minister N Chandrababu Naidu shared encouraging updates on the progress of the new NDA government in Andhra Pradesh. The TDP supremo emphasised that the state is regaining momentum thanks to productive meetings with key stakeholders, including foreign investors, NITI Aayog representatives, and BPCL officials. According to Chandrababu … Read more
Breakout stocks to buy or sell: Following a sell-off in the global markets on renewed US recession fear, the Indian stock market snapped its five-day winning steak on Friday. The Nifty 50 index crashed 311 points and closed at 24,699. The BSE Sensex tanked 885 points and ended at 80,981, whereas the Bank Nifty index … Read more
My father-in-law had a residential house in Jodhpur. He had eight children. After his death, my wife got 1/8th share in 2010. She passed away in 2017, and after her death, ownership rights of her share were transferred to me and my two sons. We have sold our shares for ₹1.02 crore and have received … Read more
The finance minister’s latest announcement may have unsettled some investors, but the overarching goal of the Union budget is clear: simplification. For years, taxpayers have called for less confusion and more straightforward tax compliance. In response, the Finance Bill 2024 introduces changes designed to streamline capital gains provisions significantly. Currently, the capital gains regime features … Read more
After a weak jobs report stoked fears of US economic recession last week, Wall Street investors will stay cautious and closely watch the upcoming economic data in the week ahead. A report on Friday showed hiring by US employers slowed in July by much more than economists had expected. Next week, reports on US services … Read more
With a notable increase in taxpayers opting for the new tax regime while filing their income tax returns (ITR) for FY 2024, experts predict the Finance Ministry may consider phasing out the old tax regime within the next year or two. The key question is: When will the government officially end the old tax regime? … Read more
Budget 2024: The Union Budget 2024 placed special emphasis on women-led development schemes. Finance Minister Nirmala Sitharaman announced ₹3 lakh crore allocations for schemes to promote women-led development. The Finance Minister also announced the setting up of working women’s hostels and creches to boost female participation in the workforce. The government has also increased budget … Read more
The initial public offerings (IPO) momentum in the primary market is all set to continue in the upcoming week as three new public issues will open for bidding next week. Unicommerce and Firstcry will debut on the mainboard segment, while Aesthetik Engineers will be the only SME IPO. Post Budget, IPO activity has picked up … Read more