Month: September 2024

Stocks to buy: ITC, HUL jump 18-27% in the last three months; what drives these FMCG stocks? — explained

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Stocks to buy: ITC, HUL jump 18-27% in the last three months; what drives these FMCG stocks? — explained

Stocks to buy: The recent gains in FMCG stocks, including ITC, Hindustan Unilever (HUL), and United Spirits, have caught investors’ attention. The sector’s prospects look bright due to a better-than-expected monsoon, signs of revival in rural consumption, and growing consumer interest in premium products. Over the last three months, the Nifty FMCG index has outperformed … Read more

Why have TCS employees received tax demand notices, and what to do if you get one

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Why have TCS employees received tax demand notices, and what to do if you get one

Employees of India’s largest IT services company, Tata Consultancy Services (TCS), have received income tax notices about discrepancies in their tax deduction at source (TDS). Several employees received income tax notices due to discrepancies between the TDS credit in their Form 26AS, Annual Information Statement (AIS) and the amount they claimed while filing their income … Read more

Wall Street’s best week of 2024 closes with indexes near their records

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NEW YORK — U.S. stocks closed out their best week of the year with more gains on Friday and climbed to the cusp of their records. The S&P 500 rose 0.5% for a fifth straight gain and is just 0.7% below its all-time high set in July. Rallies for Microsoft, Broadcom and other big technology … Read more

FD interest rates: Union Bank’s 333-day fixed deposit offers up to 8.15%; check details here

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FD interest rates: Union Bank’s 333-day fixed deposit offers up to 8.15%; check details here

When you are looking for bank fixed deposits (FD), one factor to consider is the highest rate of interest offered by different banks. The general thumb rule is that banks tend to offer higher interest rates for long-duration deposits and lower rates for shorter duration. For instance, a five-year FD will offer a higher interest … Read more

Sebi closes co-location case against NSE due to insufficient evidence

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Sebi closes co-location case against NSE due to insufficient evidence

India’s markets regulator has closed proceedings in the co-location case against the National Stock Exchange and its officials, citing a lack of evidence. Kamlesh Varshney, a whole-time member of the Securities and Exchange Board of India, on Friday held that due to the absence of sufficient material, the test of “preponderance of probability” failed to … Read more

Credit Cards: Banks offer these latest offers and deals; check details here

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Credit Cards: Banks offer these latest offers and deals; check details here

If you own a credit card, you can explore a number of offers given by banks. These include the offers at eateries and restaurants in your city and beyond. It is recommended to check these offers before they expire. These offers are given by the cards issued by almost all top banks such as HDFC Bank, ICICI Bank, Kotak … Read more

AI in Action: How Startups are innovating on the Salesforce Platform

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AI in Action: How Startups are innovating on the Salesforce Platform

While advancements in AI are remarkable, their true value lies in being harnessed to develop practical solutions that boost organisational efficiency. This is precisely what Salesforce has been achieving. By acting as a catalyst for AI adoption, Salesforce is empowering startups to innovate and build cutting-edge AI solutions, driving business growth and innovation. The third … Read more

Breakout stock: Zomato share price sees range breakout; analysts expect up to 18% upside

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Breakout stock: Zomato share price sees range breakout; analysts expect up to 18% upside

Zomato share price hit its record high level of ₹286.50 apiece in early deals on Friday, extending gains for the seventh straight session. However, Zomato shares cooled off from the high levels and declined over 2%. Zomato stock price has rallied over 7% in one week and has surged more than 50% in the past … Read more

Why are health plans sold by Paytm and PhonePe cheaper?

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Why are health plans sold by Paytm and PhonePe cheaper?

Why are health insurance policies sold by banks, or the likes of Paytm and PhonePe, much cheaper? How do these plans work? Are there any potential drawbacks one should be aware of? —Name withheld on request Health insurance plans offered by banks or mobile apps are often cheaper because they are typically group plans. These … Read more