Mutual fund managers reshuffled portfolios within blue-chip stocks in July, increasing exposure to select IT, auto and pharmaceutical names. Fund houses bought financial services plays including NBFCs and private sector lenders.
At the same time, they pared holdings in PSU names such as SBI, Bank of Baroda, Canara Bank, Indian Bank and Punjab National Bank amid a broader shift towards sectors offering better earnings visibility and stock-specific opportunities.
The 8th Pay Commission held consultations in Kolkata, West Bengal, on 9-10 July, and in Bhubaneswar, Odisha, on 6-7 July. It is scheduled to hold three more meetings in Delhi, Chennai and Puducherry in August and September. Discussions in these meetings centred on the fitment factor, employee grievances, annual increments, allowances and pension reforms to…
Stocks in Asia fell after a technology-led selloff on Wall Street as investors questioned whether the billions being poured into the artificial intelligence buildout will generate sufficient returns. Oil held its gains. The MSCI Asia Pacific Index declined 0.8% after gauges in Japan, South Korea and Australia slipped. That came after the S&P 500 fell…
With the July 31 deadline for filing income tax returns (ITRs) for AY 2026-27 approaching, many salaried taxpayers are rushing to submit their returns. However, tax experts caution that choosing the wrong ITR form or overlooking key disclosures can result in a defective return, refund delays or even notices from the Income Tax Department. One…
New Delhi: India’s Statistical Business Register (SBR) will help map supply chain linkages, identify investment clusters and guide public investment in logistics infrastructure with the use of artificial intelligence (AI) and analytics services, statistics ministry secretary Saurabh Garg said on Friday. Privacy protections and consent-based data-sharing protocols will remain embedded in the framework, Garg said…
Introduction: In this article, I’ll walk you through the essential steps on how to calculate the interest on a Flexi Loan. Flexi Loans have gained popularity due to their flexibility in borrowing and repaying, making them a convenient financial tool for many. Understanding how interest is calculated on such loans is crucial for effective…
The total income tax liability of entities filing income tax return (ITR) Form 7 rose nearly threefold to ₹1,043 crore in Assessment Year (AY) 2025-26, from ₹356 crore in AY 2021-22, according to data presented by the government in Parliament on Tuesday. The figures were disclosed by Minister of State for Finance Pankaj Chaudhary in…
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