Concurrent Gainers: 15 stocks rally for five straight sessions, surge up to 20%

ET Intelligence Group: Initial trends in pharma results for the June quarter show pressure on the US business, with a double-digit fall in net profit and contraction in operating profitability. The domestic business continued to be a bright spot for both companies. Obesity therapies, respiratory products, biosimilars and speciality launches are key growth drivers in…

Adding a family member’s name to a property is a common practice in India. A husband may add his wife, a son his mother, or a parent their child. Sometimes, a relative or even a close friend may be made a joint owner. In many such cases, the person whose name appears first may have…

The Supreme Court has ruled that compensation under the Motor Vehicles Act, 1988 cannot be awarded merely because a motor vehicle was connected to the events leading to a person’s death. Setting aside compensation awarded by the Motor Accident Claims Tribunal (MACT) and later enhanced by the Chhattisgarh High Court, the court held that claimants…

PPF currently offers an interest rate of 7.1% a year. But for investors who can claim a tax deduction on their contribution, the effective return can be higher than the headline rate. The difference comes from a benefit that is often left out when PPF returns are compared with other investments. This is the tax…

Harshal Bhuta, partner at P. R. Bhuta & Co., CAs, said that under ITR-U, foreign tax credit (FTC) is available if the taxpayer has already paid tax in a foreign country. FTC lets you adjust foreign taxes against your Indian tax liability directly while filing your ITR. In the example above, a 25% tax would…

Shares of IFCI fell as much as 7% to a day’s low of Rs 95.3 on the BSE on Tuesday as investors booked profits following a sharp rally in recent sessions. The decline snapped the stock’s two-day winning streak, while the stock surged nearly 30% over the past month. The recent uptick comes after the…