The Central Board of Direct Taxes, via a notification, reduced the time limit for ITR verification from 120 days earlier to 30 days. The new law is effective from August 1, 2022, and will be applicable to all the ITRs filed on or after August 1, 2022. However, missing the 30-day ITR-filing deadline can cost you Rs 5000. Here's why.
E-verification of an ITR completes the return filing process
The price of both petrol and diesel remain steady on August 10, 2022 as Oil Marketing Companies left the prices unchanged. Last month Maharashtra witnessed a decline in fuel prices after the state government declared a slash in Value-Added Tax or
Of the total 12, three lenders -State Bank of India, Punjab National Bank andBank of India- reported fall in profits ranging from 7-70%.
Post its quarterly numbers several brokerages have maintained a buy call on the stock of State Bank of India. Returns of almost 20% is highly likely on the stock for investors who are willing to have patience. Let's take a look
Yes Bank revises FD rates: The bank gives senior citizens an additional 50 basis points (bps) cent over the regular rate on deposits maturing in 7 days to 3 years
Understand your risk profile and based on it identify funds that can help you reach your goal. For example, if you plan for a foreign holiday 12 months from now which will cost you Rs5 lakh you could use liquid, ultra short- term debt funds to reach that goal.
For the buy write, if UNM closes above $37.50 in 38 days at expiration, the profit would be $1.95 per share on $35.55 at risk, or 5.5%. The annualized return, which you calculate by multiplying that return by 365 and dividing by the number of days in the position, would be 52.7%.
Excel Industries Ltd has emerged as one of India's first domestic chemical manufacturers. It operates in the indigenous chemical technology and sustainable waste management. Since its inception in 1941, it has achieved hundreds of chemical process breakthroughs, steadily contributing to the
Infowars viewers should be outraged. Jones treated them as ignorant pawns ripe for his political objectives. Jones story should be a clarion call for both the right and the left to demand more truth from their storytellers.
Boise, Idaho-based Albertsons Companies (ACI) is a leading U.S. food and drug retailer, operating 2,252 grocery stores, 1,726 pharmacies, 402 gas stations, 22 distribution centers and 20 manufacturing facilities in 34 states and D.C. Store brands include Albertsons, Safeway, Vons, Jewel-Osco, Sha...
Leading IT Enabled Services sector stock eClerx Services Ltd has approved bonus issue on August 9, 2022. The company has a market capitalization of Rs 7,800.21 crore. The stock gained 1.35% after the company approved bonus issue proposal. eClerx provides business
Tata Group-backed Indian Hotels Company (IHCL) posted revenue from operations of 1,266 crore, an over three-and-a-half-fold increase from a year earlier when the hospitality industry was beset by the second wave of Covid-19. It also posted a profit of 181 crore, compared with a 302 crore loss during April-June 2021. Chief executive Puneet Chhatwal called it the best fiscal first quarter in the company's history.
According to officials, there is a tendency among zonal railways to entrust non-mandated duties like conducting fact-finding enquires in public complaints not related to crime against passenger or railway property. The directive aims to correct this.
Recent optimism about a market rebound may be overdone, analysts caution.
Praful Nanji Satra, promoter of the listed company, had challenged a plea filed by VISTRA ITCL India with regards to the company's default on secured redeemable non-convertible debentures (NCDs) worth 56 crore.
Indian silver prices are sharply bullish today, as the metal gained by around 4% in global futures markets. The US Dollar index is also a bit weak now, which is pushing the metal prices up. Silver rate, on August 9, in
Five companies are scheduled to hold meetings between August 10 to August 16 in order to consider and approve bonus issues of shares. These companies are Yug Dcor Ltd, M Lakhamsi Industries, Pondy Oxides & Chemicals Ltd, Ram Ratna Wires Ltd and Shubham Polyspin Ltd. Check key takeaways below:
Renowned brokerage firm KR Choksey suggests investors buying the stocks of State Bank of India Ltd. The core operating profits of the bank, excluding the trading income and MTM losses, increased by 14.4% YoY in Q1FY23. SBI reported a balance sheet
Nifty 50 is marginally up today, closing at 17,525.10 points, gaining by 0.73%. Here, renowned brokerage firm KR Choksey has given buy and accumulate ratings to these 3 stocks, check details.
The liquidator of KSS Petron had approached the Mumbai bench of the National Company Law Tribunal (NCLT) against the regional provident fund (PF) commissioner to challenge the demand raised by the department. In this case, the commissioner had issued two separate orders, demanding Rs 14.40 crore from the company and also raising an additional demand of Rs 6.43 crore as interest component and Rs 13 crore as damage and penalty for dues for 2012 to 2017.
Dividend, bonus issue, stock split, right issue and share buyback are the key corporate actions. Corporate actions are the initiatives which the corporate takes and as a result there is brought about a change in its stock. Typically, such a corporate
Compartmentalising and assigning existing savings to different goals helped Rao make most of his investments.
The Board at its meeting also decided to seek, inter alia, approvals of the shareholders by way of postal ballot, notice of which shall be furnished to the stock exchanges in due course.
Real estate and gold have traditionally formed a large chunk of Indian investors' portfolios
In the absence of any document like a memorandum of family settlement / arrangement, an oral family settlement/ understanding will have to be established before a court
Investors should look at a horizon of 6-7 years while investing in the funds focused on the Greater China region
MF exposure to the companys debt instruments amounts to 482 crore (as of July 2022), as per data from Ace MF
When it comes to AI, My First Million co-host Shaan Puri and Sam Parr see big potential, and they share a number of the most exciting and interesting applications using AI right now.
Adani Ports and Special Economic Zone Limited gets a ball call by the ICICI Direct for a target price of Rs 950 apiece. The brokerage estimated target price if taken into consideration, the stock could witness a jump of around 19%
Im always shocked when dividend investors ignore tech stocks.
Asian equities were largely higher on light volumes.
The meme stock craze hit, and AMC (alongside other meme giants like GME) saw its shares soar and promptly crater when the rush ended.
The high-profile investor has warned the economy has fallen into a recessionand her latest splurge comes after Nvidia warned macroeconomic headwinds led to a revenue shortfall last quarter.
Ujjivan Small Finance Bank has revised its interest rates on savings accounts.
The optimistic commentary from the Infosys management comes even amid talks that the global economy may be facing an increased risk of recession.
Bonds are debt securities issued in order to raise money. The issuer of bonds can be either banks, corporates or the government. By floating or issuing bonds, the issuer borrows capital at a fixed or variable rate for a specified term.
Capital One Financial has been named as a Top 10 dividend-paying financial stock, according to Dividend Channel, which published its most recent ''DividendRank'' report.
Some people applying for mortgages, auto loans and credit cards had their scores changed by 20 points or more
While the regulation did not state the reason for seeking such information, analysts said this was to prevent bank loan defaulters from fleeing the country to avoid prosecution.
Fixed Deposits or FDs are one type of term deposit, investors can invest an amount for a particular pre-decided period, and they get the principal amount back along with the interest amount after the period. Here, two FD opportunities have been
On fixed deposits below 2 crore, Ujjivan Small Finance Bank has increased interest rates.
Market Pulse raised a total of $1 million for its data and analysis business from Kishore Ganji, angel investor and mentor at Astir Ventures; Rashmi Kwatra, founder and CIO at Sixteenth Street Capital; and Umasankar Nistala, CIO-Payments at Fiserv, among others
Clinikk offers an all-inclusive plan that offers families unlimited access to outpatient care as well as 5 lakh cashless hospitalisation insurance cover for a monthly subscription fee of 500. The insurance cover has been curated specially for Clinikk members by an insurance partner.
HDFC Securities' report on Kalpataru Power Transmission Limited (KPTL) suggesting the investors buy the stock of the company for a target price of Rs 471 apiece. Investors buying the stocks of the company at the current market price can expect a
Public sector lender Canara Bank has revised FD interest rate higher after the RBI in its August MPC outcome increased the key policy rate by 50 bps. 1Bps is one-hundredth of a percentage point. The new revised rates come into force
The play-to-earn model on the platform will integrate augmented reality experiences in the future. The roadmap mentions a native augmented reality app scheduled for release in the last quarter of 2023. However, that is not the only way you can integrate your TamaDoge NFTs into the metaverse.The project is actively looking for collaborations to make external metaverse integrations a reality.
Shriram Transport Finance Company, a Non-Banking Financial Company (NBFC) on Tuesday said that it has hiked interest rates on its fixed deposit scheme.
The revised interest rates from Shriram Transport Finance Company will apply on its fixed deposits of tenures between 12 and 60 months
BGaming, a pioneering iGaming content provider that converts gambling into gaming. The partnership integrates Snack tokens as currency on more than 80 products like video slots, video poker, lottery, card, and casual games available to more than 700 iGaming partners and millions of players.
Indian Overseas Bank (IOB), a public sector lender, increased interest rates on fixed deposits below 2 crore.
The Ministry of Labour & Employment has informed in Lok Sabha that EPFO invests in Exchange Traded Funds (ETFs)
Choice International Limited is one of India's leading Financial Services conglomerate catering to not only India but also the entire Globe. It has been in the industry since 1993 and as on date has expanded to be a go-to Finance company
All four public sector insurers incurred losses of Rs 26,364 crore in the health insurance portfolio for the last five years due to higher claims in group policies, a CAG report said. The losses of the health insurance business of PSU
Portfolio management: Gold may give up to double digit return to its investors in long term, believe experts
Following the international commodity price trend, Indian gold prices and silver prices are also sharply up today. On August 9, the 22-carat gold rate stood at Rs. 47,950/10 grams, and 24-carat gold rate stood at around Rs. 52,310/10 grams. The present
The two key assets on TamaDoge are TamaDoge (TAMA) tokens and TamaDoge pets. TAMA token is used for in-game transactions in Tamaverse. You can use them to buy TamaDoge pets as well. The gameplay on the platform revolves around minting, breeding, training, and battling TamaDoge pets in the metaverse
Board of TPL Plastech Ltd considered the proposal for sub-division of 1 (One) equity share of the Company having face value of 10/- each into 5 (Five) equity shares having face value of 2/- each. Meanwhile, board of Shubham Polyspin Ltd
SSY interest rate for Q2FY23 is 7.6 per cent and it is still much above the average rate of inflation
ICICI Direct, a leading brokerage firm, has recently published a report on One97 Communication Limited suggesting buying the stock of the company for a target price of Rs 1285. Considering this estimated target price, the stocks have the potential to jump
Indian Individual Investors Invest In Government Securities, through the Retail Direct Scheme. The Retail Direct Scheme is a one-stop solution to facilitate investment in Government Securities by individual investors. Under this scheme individual retail investors can open a Gilt Securities Account
August bank holidays: Banks will be closed for 5 days this week
Resident persons are permitted to undertake forex transactions only with authorised persons and for permitted purposes, in terms of the Foreign Exchange Management Act, 1999 (FEMA). Resident persons undertaking forex transactions with unauthorised persons and for purposes other than
KR Choksey Institutional in its recent report has given a 'Buy' recommendation on a low priced fintech stock - Infibeam Avenues. Regarding the scrip, the brokerage mentions in its report that TPVs and NTRs drive profits growth but new business margins dilutive due to low scale.
Tata Communications under-reported gross revenue between 2006-07 to 2017-18 which led to a Rs 645 crore lower levy of licence fee during the period, the Comptroller and Auditor General of India (CAG) has said in a report. The CAG, in the
HDFC Securities, a leading brokerage firm, has recently published a report on Bharat Petroleum Corporation Limited, where the brokerage recommended investors buy the shares of the company for a target price of Rs 390 apiece. If shares of the company are
The supertred indicator triggered a buy on 6th July 2022 on the daily charts. The stock moved in a tight band of 150 points where 1420 acted as a stiff resistance while on the downside 1280-1300 acted as a support.The stock broke out from the said pattern earlier in August and is sustaining above the support line which is a positive sign.
Prabhudas Lilladher has come-up with its latest report on gas stocks. According to the technical analysis done, the stocks of Gujarat Gas, Mahanagar Gas and Indraprastha Gas have the potential to rally sharply from here.
Whenever policy rates start going up, the banks start hiking the interest on FD rates
A rally in the indices is always followed by a rally in small ad midcap stocks. Here are 5 midcap stocks to buy, which could be beneficiaries of a broader market rally.
The Reserve Bank on Monday said small finance banks which have completed two years of operations and have a minimum net worth of Rs 500 crore can deal in foreign exchange. In a circular, the RBI said this is being permitted
The government is not considering setting up 8th Pay Commission for central government employees, Minister of State for Finance Pankaj Chaudhary informed Lok Sabha on Monday. No such proposal is under consideration with the government for constitution of 8th Central Pay
Markets have been on a decent run in the last few weeks, as investors ignore further increase in interest rates by the central banks. Here are 4 stocks that you can buy before they turn expensive.
Retirement fund body EPFO has invested 1,59,299.46 crore in exchange-traded funds (ETFs) till March 2022 and its notional market value of these investments is 2,26,919.18 crore, Parliament was informed on Monday.
Finance Minister Nirmala Sitharaman on Monday said the Reserve Bank of India (RBI) has taken steps to promote rupee as the preferred currency for global trade in order to promote exports. Last month, RBI asked banks to put in place additional
ITR filing: One can file a revised income tax return within 3 months of completion of the assessment year
There are eight pension fund managers to choose from and one of the ways to do that is by tracking returns
Reddit investors are once again driving up the share prices of popular meme trades.
For a citizen of India or a person of Indian origin, who is visiting India, the 60 days are considered changed in the following manner. If total income, other than income from foreign sources, exceeds 15 lakh, the 60 days are substituted by 120 days; in any other case, the 60 days are substituted by 182 days
Markets are efficient to some extent so its extremely difficult to beat benchmarks
Chip manufacturer Nvidia is above its 50-day simple moving average and above its value level for this week. Here's how to buy and sell the stock now.
Gupta has a traditional asset allocation approach, invests in mutual funds and PMS with a diversified portfolio
Leading brokerage Anand Rathi has given buy call to the stock of Eris Lifesciences Ltd for a target price of Rs 870 apiece with a potential gain of 26%. Driven by its standalone business (up 11%) and Oaknet acquisition (Rs315m), Eris'
The cryptocurrency markets have improved marginally today, similar to other assets like gold, and silver. In the past 1 month, Bitcoin has been up by 9.84%, and, the asset has been up by 4.82% in the last 5 days. Today, till
EPF or the Employee Provident fund account is meant to build retirement corpus. Every month 12% of the employee's basic pay is deducted and transferred to the EPF account. Similar amount is also contributed by the employer on his behalf