Titan, Infosys among 10 stocks with highest HNI holdings in Q1; check full list
High net worth investors continue to hold substantial positions across some of India’s leading listed companies.
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Income tax on gold jewellery: ITAT says CBDT limits cannot cap family holdings, deletes ₹20.45 lakh addition
Families may accumulate gold jewellery over decades through weddings, inheritance and gifts. When the Income Tax Department finds jewellery during a search, the absence of old purchase bills can make it difficult to establish when and how the gold was acquired. In a ruling involving Ankur Sharma, the Delhi bench of the Income Tax Appellate…
Income tax reassessment notice: High court strikes down Section 147A of I-T Act – what it means for taxpayers
In a significant ruling, the Punjab & Haryana High Court has struck down the newly introduced Section 147A of the Income Tax Act, 1961, which sought to retrospectively clarify the role of the Jurisdictional Assessing Officer (JAO) in reassessment proceedings. The judgment is likely to bring relief to taxpayers who received reassessment notices from jurisdictional…
Home loan prepayment vs investing: When should you use extra cash to repay debt?
Most home loan borrowers aspire to reduce their overall debt. This is done either by making larger EMI repayments or by making strategic prepayments. That is why, when such individuals receive a salary bonus, increment, or annual incentive, a key financial question always arises: Should the money be utilised to reduce the outstanding loan or…
MFs kept buying these 10 microcaps for 2 straight quarters; stocks surge up to 70% in 3 months
Mutual funds increased holdings in 64 Nifty Microcap 250 companies for two consecutive quarters. Ten microcap stocks gained 25%-68% in three months, led by Electronics Mart India, Sky Gold, Bluestone Jewellery, Sudarshan Chemical and Timex Group, highlighting strong institutional buying and investor interest.
Average pay of CEOs of S&P 500 companies rose to record $22.8 million following Elon Musk’s nearly $1 trillion compensation, AFL-CIO finds
Elon Musk’s record-setting compensation packages from Tesla and SpaceX are reshaping executive CTC across corporate America, with S&P 500 boards increasingly using them as a benchmark for larger CEO pay, an American Federation of Labour and Congress of Industrial Organisations study found, according to a Reuters report. Excluding Musk, the average compensation for S&P 500…
FPIs invest Rs 23,544 crore in Indian equities in Aug on earnings revival, rupee stability
Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing Rs 23,544 crore so far in August as improving quarterly earnings, a stable rupee and better market prospects lift sentiment. The inflow comes after FPIs invested Rs 20,200 crore in July, marking a sharp turnaround from four consecutive months of heavy selling…
