Auto Added by WPeMatico
The number of billionaires in India has growth 4x over the past five years, Minister of State (MoS) for Finance Pankaj Chaudhary told the Parliament today. He was responding to a question on whether the government is aware about the significant increase in billionaires in India, and that the country leads globally in this regard….
Market volatility often prompts investors to rethink their investment decisions, including whether they should pause their systematic investment plans (SIPs) until markets recover. According to mutual fund industry experts, there are situations where pausing a SIP is justified, but market corrections alone are generally not one of them. Instead, they say the decision should be…
Gold and silver prices: Gold rose more than 1% in the international market on Monday as a pause in Middle East hostilities sent oil prices lower, alleviating some inflation concerns, while investors awaited the US Federal Reserve’s policy decision. Spot gold rose 1.4% to $4,110.56 per ounce by 0200 GMT. US gold futures gained 1%…
A significant number of India’s public service employees are set to benefit from their various state governments’ announcements on Dearness Allowance (DA) hikes. The Centre hiked DA by 2% in April, from 58% of basic pay to 60%, effective from 1 January this year. The Centre usually updates DA biannually using data from the All-India…
The income-tax department has enabled excel utility for the ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam), ITR-5 and ITR-7 online forms and notified all of them for the tax year. Notably, the availability of excel utility means that you can prepare your returns offline before filing in the details and uploading the file digitally. Access…
The Central Board of Direct Taxes (CBDT) has recently issued a guidance note explaining how crypto-asset reporting obligations will work under the Income Tax Act, 2025, bringing India’s reporting framework in line with the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF). The guidance note is meant for Reporting Financial Institutions (RFIs),…
Mid-cap and small-cap stocks often come under scrutiny whenever markets turn volatile. Concerns over expensive valuations, liquidity, and sharper corrections frequently dominate investor discussions. However, a look at 20 years of market data suggests these segments have consistently rewarded investors during strong market cycles, despite experiencing steeper declines in weak years. Highlighting this trend in…
Indo-MIM‘s Rs 3,811.21-crore initial public offering (IPO) attracted robust investor demand on the third and final day of bidding on Monday, with the issue closing for public bidding after being subscribed more than 72 times its offer size. The strong momentum has been led by Qualified Institutional Buyers(QIBs), whose quota was booked a whopping 204…
Crude oil prices plunged more than 9% to $88/barrel on Monday, providing major relief to global equity markets after the US paused its strikes on Iran and Tehran signalled it would not retaliate further. Oil prices had surged to $100/barrel after the US resumed strikes on Iran a fortnight ago, but the latest developments have…
Seven BSE 150 MidCap stocks scaled fresh 52-week highs as Sensex surged 776 points in a broad-based rally. Lloyds Metals & Energy, Laurus Labs and Gujarat Fluorochemicals led the list, reflecting strong buying interest, positive momentum and improving investor confidence.