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The comparison investors often miss, however, is with thematic funds. A thematic fund typically makes a long-term bet on a structural trend—manufacturing, exports, defence, digitalisation or consumption. While a handful of themes are diversified enough to resemble all-weather portfolios, most are inherently concentrated, and the challenge is knowing not just when to enter a theme…
The Income Tax Appellate Tribunal (ITAT), Agra, has directed the tax department to give a landlord credit for the full ₹4.06 lakh tax deducted at source (TDS) after the tribunal found that State Bank of India (SBI) had inadvertently reported the entire TDS against his PAN instead of distributing it among three co-owners. The ruling…
Shares of infrastructure development company HG Infra Engineering jumped over 8% to Rs 551.95 on the BSE on Wednesday, after the company received a letter of intent from REC Power Development and Consultancy Ltd, which is a wholly owned subsidiary of REC Ltd. In a regulatory filing on the BSE released on Tuesday, the company…
Shares of city gas distributors jumped by up to 6% on Wednesday after the government approved an incentive scheme to promote domestic PNG connections, which it called a major initiative to bring clean, safe and affordable piped cooking gas to households across the country. Mahanagar Gas (MGL) shares jumped nearly 6% to trade at Rs…
If your business income was more than ₹1 crore in FY 2025-26, then you have an additional disclosure to make while filing your income tax return (ITR) before the August 31 deadline. Besides reporting your income, you must also disclose your assets and liabilities under Schedule AL of the relevant ITR form. This mandate applies…
Gold ETFs have lost some ground in the latest three-month period, even as most schemes have delivered returns of more than 50% over one year. The Wealth Company Gold ETF recorded the best three-month return at -2.33%, while Tata Gold ETF, Bandhan Gold ETF, 360 ONE Gold ETF and Mirae Asset Gold ETF followed closely…
Shares of RailTel Corporation of India gained nearly 5% in Wednesday’s trading session after the company announced it had received a work order from the Employees’ Provident Fund Organisation (EPFO). The stock rose 4.96% to Rs 290.85 following the announcement. The order involves an extension of RailTel’s Infrastructure-as-a-Service (IaaS) engagement with EPFO. According to the…
The winning streak for Milky Mist Dairy Food continued on D-Street on Wednesday. On its second day of trading, the dairy major’s stock hit another 10% upper circuit, taking its cumulative gains to 42.5% from its IPO price. Milky Mist shares opened at Rs 190 on the BSE, compared with the previous close of Rs…
Ace investor Vijay Kedia’s firm Kedia Securities bought 20 lakh shares of digital expense management and SaaS solutions firm Zaggle Prepaid Ocean Services worth Rs 33 crore via a bulk deal, sending the stock up 17% on Wednesday. Kedia Securities bought 20 lakh shares of the company at an average price of Rs 164.72 apiece…
Shares of L&T Technology Services (LTTS) surged as much as 3.3% during Wednesday’s trading session, touching an intraday high of Rs 3,625.20, after the engineering services company announced a five-year international deal worth more than $75 million. The stock gained momentum after the company said it had secured the engagement from a leading global technology…