Senior Congress leader Rahul Gandhi said on Tuesday, September 24, that capital markets regulator Securities and Exchange Board of India (SEBI) must reveal the names of the ‘big players’ who have been making profits at the expense of small retail investors. Amid the Congress vs SEBI row where the opposition has repeatedly attacked SEBI chairperson … Read more
Let’s consider a real-life example. A friend of mine owned a property for which he was getting offers in the range of ₹4.25 crore to ₹4.5 crore. However, he was determined not to sell for anything less than ₹5 crore. He held onto the property for five years and finally sold it for his desired … Read more
Penny stock Advik Capital was in the spotlight as the company’s rights issue of equity shares opened on September 24, 2024. The rights issue, which remains open until October 4, 2024, offers shareholders the opportunity to increase their ownership by subscribing to newly issued shares at a discounted price. This move aims to raise capital … Read more
Many countries “piggyback” onto the visa approval systems of large developed nations, allowing visa-free entry or visas on arrival for Indian travellers holding valid US, UK, Canada, or Schengen visas. If you already possess a residence or even tourist visa issued by the US, UK or Schengen-area country, many third country doors will open for … Read more
Indian stock market indices, Sensex and Nifty 50, are likely to open higher on Tuesday led by positive global market cues. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,990 level, a premium of nearly 75 points from the Nifty futures’ previous … Read more
I filed my income tax return (ITR) as a non-resident Indian (NRI) and it has been processed. If I want to revise the ITR before 31 December do I need to file an updated ITR? I forgot to show some interest income that is taxable at 12.5% under a double taxation avoidance agreement (DTAA). – … Read more
A recent report from Elastic, a Search Analytics firm, indicates that 81 per cent of Indian organizations have adopted Generative AI (GenAI), positioning India as a leader in this technological domain. The study anticipates an increase in investments and budget allocations for AI initiatives in the coming years. Reportedly, IT service providers are increasingly integrating … Read more
Diffusion Engineers initial public offering (IPO) is set to commence on September 26 and will conclude on September 30. This offering consists entirely of a new equity sale, comprising 94.05 lakh shares. The company has announced a price range of ₹159 to ₹168 per share for its public offering, which amounts to ₹158 crore. Investors … Read more
Volatility is the lifeblood of financial markets. It creates profit opportunities but is also the source of sleepless nights for many investors. While some thrive on the adrenaline rush of market fluctuations, others shy away, deterred by the potential for losses. However, savvy investors understand that managing risk is equally critical. This is where the … Read more
Large language models have a keen appetite for electricity. The energy used to train OpenAI’s GPT-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the following one $10bn. … Read more