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The Income Tax Appellate Tribunal (ITAT), Delhi, has deleted ₹2.25 crore in additions made under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, giving full relief to a Delhi couple whose names were linked to foreign companies and bank accounts in the British Virgin Islands and Singapore. The ITAT…
Shares of Physicswallah sharply surged around 5% on Wednesday morning after nearly 4.67 crore shares of the edtech platform worth around Rs 550 crore changed hands in a block deal. The shares were traded at Rs 117.72 per share as part of the block deal, marking around a 3% discount to the stock’s previous closing…
Gaja Alternative Asset Management shares made their D-Street debut on Wednesday, listing at a premium of nearly 16% over the IPO price. The stock opened at Rs 185.20 apiece on the BSE, up 15.75% from the issue price of Rs 160. On the NSE, the shares listed at Rs 185, marking a 15.63% premium over…
Avaada Electro Ltd, a solar manufacturing arm of the Brookfield-backed Avaada Group, has filed updated draft papers with markets regulator Sebi for its proposed Rs 7,600-crore initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs 1,600 crore and an offer for sale (OFS) of Rs 6,000 crore by promoter…
Building a financial portfolio becomes more complex as responsibilities grow. For investors in their 40s, balancing children’s education and marriage with retirement planning requires a mix of adequate equity exposure, debt allocation, insurance and liquidity. The arrival of children also makes it important to revisit existing investments, emergency reserves, and life and health insurance coverage….
The Hy-Tech Engineers IPO has entered its third day of bidding, with investor interest remaining robust. The grey market premium (GMP) is currently signalling a potential 57% premium over the issue price, reflecting strong bullish sentiment ahead of the company’s stock market debut. By the end of Day 2, the issue was subscribed 19.33 times….
Shares of MTAR Technologies rallied as much as 3% to their day’s high of Rs 7,120 on the BSE on Wednesday after the company won an order worth Rs 127 crore from Nuclear Power Corporation of India for the supply of coolant channel assemblies for reactor refurbishment. With today’s rise, the stock is up 5%…
Brokerages remain constructive on select stocks, with Varun Beverages, Cyient, and Nykaa emerging as key picks despite differing growth trajectories.Morgan Stanley retained an Overweight rating on Varun Beverages with a Rs 557 target, citing the company’s push into ready-to-drink and alcoholic beverages and its expansion in Tunisia.Nuvama has maintained a Hold on Cyient but raised…
Gold and silver prices on August 26: The price of the yellow metal in India’s retail market climbed during early trade on Wednesday, 26 August, amid a fall in crude oil prices and a weakening US dollar. MCX gold October futures were trading 0.13% higher at ₹1,63,041 per 10 grams, while MCX silver September futures…
‘Fun funds’ are flowing directly into creative, out-of-the-box immersive, memory-making experiences such as niche art exhibitions, specialized workshops, unique hobbies, and more.