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Shares of Ather Energy rallied 4% to Rs 1,675 on the BSE on Monday after the electric two-wheeler company launched its new Konarc electric scooter at a starting price of Rs 99,999. The company is positioning the new model as a more accessible electric scooter for Indian riders. The Ather Energy stock is up 132%…
Is there a way to avoid tax on the sale of inherited agricultural land using the Income-tax Act Section 54? That was the query posed by an individual who, along with his two sisters, inherited agricultural land from his father. He said that they want to sell the land and distribute the proceeds among the…
Shares of HDFC Bank gained 2.7% to their day’s high of Rs 739.50 on the BSE on Monday after a host of brokerages retained bullish calls on the stock after Managing Director and CEO Sashidhar Jagdishan decided not to seek another term at the helm of the country’s largest private lender. Jagdishan’s current tenure ends…
Lenskart has transformed from being a challenger to a market leader, Nomura said as it initiated coverage on the shares of the eyewear retailer with a ‘Buy’ call and a target price of Rs 888 apiece, implying around 40% upside potential from the stock’s previous closing price. The international brokerage highlighted that Lenskart has a…
The Indian stock market slipped into the red on Monday, with benchmark indices Sensex and Nifty falling as investors grappled with rising US bond yields and renewed expectations of higher interest rates following hawkish comments from US Fed Chair Kevin Warsh. Renewed US-Iran tensions and a surge in crude oil prices above $90 a barrel…
Private sector lender HDFC Bank is set for a leadership change as Sashidhar Jagdishan prepares to retire as managing director and CEO at the end of his current term on October 26, 2026. For investors, the transition comes after nearly six years during which the bank completed its landmark merger with HDFC Ltd, while its…
Ashoka Buildcon shares jumped 10.44% to Rs 124.40 during Monday’s trading session after the company announced that it had received a Letter of Acceptance (LOA) from Rail Vikas Nigam Limited (RVNL) for a major infrastructure project in Uttarakhand. The order, valued at Rs 602.16 crore, including GST, involves the supply, erection, testing and commissioning of…
Gold and silver prices: The price of the yellow metal in India’s retail market plunged on Monday, 31 August, amid resumption of exchange in strikes between US and Iran after a month-long pause as the US struck Iranian rocket launchers on Sunday. Gold 24 carat fell 1.22% to trade around ₹154,940 per 10 gram at…
August 31 is the income tax return filing deadline for taxpayers covered under the non-audit category for assessment year (AY) 2026-27. This includes eligible taxpayers with business or professional income who are required to file their returns by this date. For those who have not yet filed, today is the last opportunity to submit the…
Nifty hovered in a broad 23,800–24,700 band last week before closing at 24,175.65. Analysts say the index must clear the 24,200–24,400 zone to regain strength. Strategies vary: some recommend bullish option spreads to capture rebounds, while a cautious camp warns of further downside if 23,900 breaks. CHANDAN TAPARIA, HEAD – DERIVATIVES & TECHNICALS, MOTILAL OSWAL…