For nearly two years, Indian equities have lagged a world captivated by AI and semiconductors. In the Mint Money Guru series, Jay Kothari, ED and international business head, DSP Asset Managers, explains why that underperformance could set up a reversal—and what retail investors should watch as a wave of IPOs approaches.
A redevelopment firm’s provision of ₹8 crore towards compensation payable to tenants cannot be disallowed merely because the amount had not been paid or finalised, the Income Tax Appellate Tribunal (ITAT), Mumbai, has ruled. The tribunal held that the liability was an accrued business obligation arising from a redevelopment agreement and not a contingent liability,…
Gold prices inched higher in early Asian trade on Monday, supported by a softer dollar and recent economic data that curbed expectations of a U.S. interest rate hike next month. FUNDAMENTALS Spot gold was up 0.3% at $4,388.62 per ounce, as of 0028 GMT, while U.S. gold futures for December delivery edged 0.2% higher to…
Domestic equities extended losses for the fourth consecutive session, with the Nifty declining 0.5% to close at 23,870. Investor sentiment remained fragile amid a sharp surge in Brent crude oil prices following escalating geopolitical tensions in West Asia, FII selling and cautious global cues, which outweighed support from the ongoing earnings season. Analysts say Indian…
Jaiprakash Power Ventures shares rallied as much as 8.4% on Tuesday, hitting an intraday high of Rs 18.32, after the company reported robust earnings for the June quarter (Q1FY27). Strong growth in both revenue and profit, coupled with a return to profitability on a sequential basis, boosted investor sentiment. The company reported consolidated revenue from…
The Himachal Pradesh government has approved a 78% increase in monthly salary of contract and trainee medical officers (specialists) this week under the 7th pay commission (7th CPC), according to state officials, PTI reported. The “historic” increase is expected to “encourage specialist doctors to serve in government healthcare institutions and help ensure the availability of…
This refers to your edit ���A welcome quest��� (ET, Oct 8). It is imperative to have a strong database. But just having a database of employment is not enough; the data has to be consistent. It has been observed that data vary from ministry to ministry, department to department. India���s information system is not very…