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Selling jointly owned property by NRI: How will capital gains be taxed?
An NRI and her resident sister can face different capital-gains tax treatment on the same property, while the resident co-owner can independently claim the reinvestment exemption.
US stocks: S&P 500, Nasdaq open higher as investors weigh report of fresh US-Iran peace deal
Stock markets opened higher on Tuesday as investors reacted positively. The S&P 500 and Nasdaq Composite saw gains at the opening bell. This positive market movement followed news of a potential arrangement between the US and Iran. The Dow Jones Industrial Average experienced a slight decrease at the open. Investors welcomed the report suggesting an end to six months of conflict.
LEAP India IPO subscribed 8.38 times, Technocraft Ventures issue sees 38.69x demand
LEAP India IPO QIB portion subscribed 16.84 times, NII portion 12.64 times, retail portion 1.71 times and employee portion 10.99 times
CME to allow round-the-clock trading of 100-Ounce Silver futures from September
CME Group is set to launch 24/7 trading for silver futures starting in September, responding to heightened retail demand for precious metal products. Over fifty-three thousand gold futures contracts changed hands during weekend trading sessions alone. The company's metals division achieved record volumes in the first half, pending regulatory approval, to entice more traders into the market.
India govt says retail option trader losses fell 18% after regulatory curbs
In India's equity derivatives market, retail investor losses plummeted by nearly eighteen percent year-on-year. The wave of regulatory measures to control speculative trading led to a significant drop in individual investors participating in this segment. This marks a concerning trend as retail investors have faced ongoing losses over the last five financial years, mirrored by a decline in overall market turnover compared to the previous year.
8th pay commission: Here's how revision in fitment factor with CPC hikes of either 2, 2.38, and 2.57 could impact salary increase for mid-career central government employees at levels 6, 7 and 8.
Park at your own risk: How Indias parking crunch could dent your car insurance claims and coverage
Indias parking crunch is creating risks beyond scratches and dents. Flooding, theft, and falling objects can turn a parked vehicle into a costly problem. But does your motor insurance cover these risks, and does your parking location affect your financial protection? Find out the experts view.
Apple Pay is likely coming to India: What iPhone users can and cant do without UPI at launch
Apple Pay is expected to launch in India by October, initially supporting only Visa and Mastercard credit cards. UPI payments may not be available at launch due to necessary approvals.
Rupee falls 13 paise to settle at 95.43 against U.S. dollar
At the interbank foreign exchange market, the rupee opened at 95.38 against the U.S. dollar and traded in a very narrow range of 95.37-95.45
Molbio Diagnostics IPO subscribed 3.11 times
The offer received bids for 2.53 crore shares as against 81.58 lakh shares on offer.
Stock markets decline as elevated crude oil prices weigh on sentiment; Sensex drops 388 points
From the Sensex pack, UltraTech Cement, Axis Bank, InterGlobe Aviation, Bharti Airtel, Bajaj Finance and Power Grid were among the major laggards.
Hexa Tradex reports consolidated net profit of Rs 1.67 crore in the June 2026 quarter
Reported sales nil
Rail Vikas Nigam consolidated net profit rises 18.46% in the June 2026 quarter
Sales rise 10.55% to Rs 4321.23 crore
Genpharmasec consolidated net profit declines 78.69% in the June 2026 quarter
Sales rise 312.87% to Rs 49.71 crore
Sebi proposes to widen foreign investors' access to non-agricultural commodities derivatives
India's markets regulator on Tuesday proposed to widen foreign investors' access to non-agricultural commodity derivatives by allowing them to trade in physically settled contracts, a proposal paper on its website showed.
RTCL consolidated net profit declines 78.13% in the June 2026 quarter
Reported sales nil
Shri Bajrang Alliance consolidated net profit rises 12.47% in the June 2026 quarter
Sales rise 17.51% to Rs 104.98 crore
Balrampur Chini Mills consolidated net profit declines 14.39% in the June 2026 quarter
Sales rise 6.13% to Rs 1636.79 crore
ISGEC Heavy Engineering consolidated net profit rises 29.15% in the June 2026 quarter
Sales rise 45.98% to Rs 1980.00 crore
Yuken India consolidated net profit rises 28.89% in the June 2026 quarter
Sales rise 28.48% to Rs 134.33 crore
Austin Engineering Company consolidated net profit declines 38.56% in the June 2026 quarter
Sales decline 10.01% to Rs 32.28 crore
Fraser and Company reports standalone net loss of Rs 0.28 crore in the June 2026 quarter
Sales reported at Rs 0.25 crore
ARC Finance standalone net profit rises 30.77% in the June 2026 quarter
Sales rise 233.33% to Rs 1.00 crore
Reported sales nil
Hindustan Housing Company standalone net profit rises 4.49% in the June 2026 quarter
Sales rise 15.50% to Rs 1.49 crore
Nagarjuna Agri Tech reports standalone net loss of Rs 0.95 crore in the June 2026 quarter
Sales rise 1216.99% to Rs 20.15 crore
Jayatma Industries reports standalone net loss of Rs 0.61 crore in the June 2026 quarter
Sales decline 23.23% to Rs 2.71 crore
Gujarat Winding Systems reports standalone net loss of Rs 0.01 crore in the June 2026 quarter
Reported sales nil
Vardhan Capital & Finance reports standalone net loss of Rs 0.03 crore in the June 2026 quarter
Reported sales nil
Dhoot Industrial Finance standalone net profit rises 279.84% in the June 2026 quarter
Sales rise 3068.86% to Rs 72.25 crore
Cubical Financial Services standalone net profit rises 228.57% in the June 2026 quarter
Sales reported at Rs 0.27 crore
Univa Foods reports standalone net loss of Rs 0.05 crore in the June 2026 quarter
Reported sales nil
Laffans Petrochemicals standalone net profit declines 22.59% in the June 2026 quarter
Sales rise 261.29% to Rs 1.12 crore
Modern Dairies standalone net profit rises 29.70% in the June 2026 quarter
Sales rise 16.56% to Rs 91.27 crore
Sales decline 0.69% to Rs 8.59 crore
Continental Chemicals standalone net profit declines 14.29% in the June 2026 quarter
Sales reported at Rs 0.06 crore
E & E Enterprises reports standalone net loss of Rs 0.10 crore in the June 2026 quarter
Reported sales nil
Rupee falls 13 paise to settle at 95.43 against US dollar
The rupee opened at 95.38 against the US dollar and traded in a very narrow range of 95.37-95.45; it settled at 95.43 (provisional), down 13 paise from its previous close
Sensex slips 388 pts, Nifty ends below 24,500 as crude boils
Key benchmark indices ended lower on Tuesday as rising crude oil prices and renewed geopolitical uncertainty weighed on investor sentiment. Oil prices climbed near the $90-a-barrel mark as hopes of a US-Iran peace agreement faded, raising concerns over India's import bill, inflation and corporate margins. Weak global market cues added to the pressure. The Nifty closed below the 24,500 level, dragged by weakness in FMCG and metal stocks, while pharma and healthcare shares witnessed buying interest.
Quick Wrap: Nifty FMCG Index falls 1.17%
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Oil prices rise over 2% amid dent to US-Iran peace hopes
New Delhi [India], August 11 : Oil prices rose more than two per cent on Tuesday as hopes of a near-term US-Iran peace deal weakened amid US President Donald Trump's remarks that Washington would seek reparations from Tehran and that the US Navy has 100 per cent control over the Strait of Hormuz. At the time of reporting, Brent crude was trading at USD 89.806 per barrel, up 2.1 per cent, while US crude was at USD 84.386 per barrel, up 2.3 per cent. The rise in oil prices came after Trump said Iran should pay for damages he claimed it had caused over the past 50 years, while asserting that the US Navy currently controls the Strait of Hormuz. The only one that has control of the Strait of Hormuz right now is the United States Navy, Trump told reporters at the Oval Office, adding that Washington had a blockade in place and controlled which vessels could enter the strait. Trump also said the US would seek compensation from Iran in any future negotiations. They asked for reparations, they asked for money for the damage that we've done. And I said, that's a good idea. Well, we're to ask for money for the damage they've done over a 50-year period. So if there's damages to be paid, I think Iran should pay those damages, he said. Earlier, Trump had rejected Iran's demand for financial compensation over damages incurred during US-Israeli military operations in the country. In a post on Truth Social, Trump said Iranian representatives were seeking compensation for damage caused during the last five months Military Conflict, which he said began after Iran refused to give up its nuclear weapons ambition. Trump said he had instructed US representatives to include his demands in all future negotiations with Tehran. The U.S. President demanded compensation from Iran for casualties and injuries he attributed to Iranian actions, citing alleged Iranian involvement in various conflicts and also mentioning victims of the 2000 USS Cole bombing. The latest comments come after Tehran linked its war reparation claims to conditions for a possible reopening of the Strait of Hormuz, alongside the lifting of US sanctions and the end of naval blockades. The developments have added to uncertainty over the prospects of a diplomatic settlement between Washington and Tehran, with oil prices responding to the changing expectations around the conflict and potential disruption to energy flows. (ANI)
Tax liability of ITR-7 filers triples in 5 years to Rs 1,043 crore
In a significant financial shift, the tax burden for ITR-7 filers has climbed to Rs 1,043 crore in the Assessment Year 2025-26, a figure that is about threefold compared to five years back. This information, shared with Parliament by the Minister of State for Finance, highlights the growing obligations faced by trusts, political organizations, and academic institutions submitting ITR-7.
Retail traders lost $9.6 billion in equity derivatives
The Indian equity market saw investors experiencing a striking loss of 916.85 billion rupees in futures and options trading. Retail trader involvement in equity derivatives has significantly dwindled from the previous year. This downturn signifies the impact of regulatory reforms aimed at reducing reckless speculative behavior. With the Securities and Exchange Board of India and policymakers introducing multiple safeguards, there has been a noticeable impact on overall trading volumes.
Mutual fund NFOs: 25 schemes collect Rs 2,022 crore in July; Choice Overnight Fund leads
Mutual funds launched 25 new open-ended schemes in July, mobilising 2,022 crore. Equity funds raised the most at 768 crore, followed by overnight, hybrid and index funds, while ETFs and lifecycle funds attracted comparatively smaller inflows.
PPFAS CIO Rajeev Thakkar says fears that AI will destroy IT jobs are exaggerated. Citing Benedict Evans and historical automation, he argues technology eliminates some roles while creating new work, with implementation, cybersecurity and other opportunities emerging.
Anantam Highways Trust reports consolidated net profit of Rs 59.43 crore in the June 2026 quarter
Sales reported at Rs 158.05 crore
Global Education consolidated net profit declines 10.69% in the June 2026 quarter
Sales decline 5.33% to Rs 14.04 crore
Ceinsys Tech consolidated net profit declines 2.18% in the June 2026 quarter
Sales rise 0.76% to Rs 157.79 crore
Equity MF inflows fall 15% to 24,697 crore in July
The overall mutual fund industry saw a sharp turnaround in July, recording a net inflow of around 2.36 lakh crore
Fusion Finance aims to cut microfin share, offer larger retail loans
Fusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans while focusing on small business lending. Assets under management aim to reach ten thousand crore rupees this fiscal year. This diversification follows regulatory changes allowing more non-microfinance loan options.
Global Market: European shares edge higher as energy stocks gain on Middle East uncertainty
European shares edged higher as energy stocks gained on elevated oil prices amid Middle East tensions. Investors remained cautious ahead of key euro zone and U.S. economic data that could influence inflation, growth and interest-rate expectations.
RBI curbs on NBFC flexi credit may push lenders towards bullet loans, raise costs: Kotak
The Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) may increase operational challenges for lenders, reduce their returns and raise costs for borrowers, Kotak Institutional Equities said in a report.
DA hike: West Bengal govt to launch website for 7th pay commission Check top updates here
DA hike: The West Bengal government will launch a dedicated website for its 7th pay commission, according to a senior official. The panel will post proceedings and official information on the portal.
Rupee retreats to near two-week low as US-Iran standoff pushes oil higher
Likely dollar selling intervention by the Reserve Bank of India, though, helped limit the currencys losses, traders said.
Rupee retreats to near two-week low, closes at 95.43 vs USD as US-Iran standoff pushes oil higher
The Indian rupee tumbled to a two-week low on Tuesday as surging oil prices and waning optimism regarding a U.S.-Iran deal pressured the currency. The Reserve Bank of India stepped in to mitigate the rupee's decline, yet both the Nifty 50 and benchmark bonds experienced downturns. Attention is now on the impending inflation reports from India and the U.S. for further market cues.
Sebi measures reduce equity F&O losses for retail investors in FY26
Regulatory measures introduced by Sebi curtailed the aggregate net losses of retail investors in the equity derivatives segment to Rs 91,685 crore in FY26, down from Rs 1.12 lakh crore in the preceding fiscal year, Parliament was informed on Tuesday. Additionally, both retail investor volumes and overall trading turnover in equity derivatives (Futures and Options) fell in FY26 compared to the preceding year, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha. Following the regulatory measures, Sebi has observed a year-on-year decline in the number of unique individual investors from 98.10 lakh to 78.60 lakh and net losses of the individuals from Rs 1,11,788 crore to Rs 91,685 crore in the equity derivatives segment in 2025-26, compared to the previous year, Chaudhary said. However, the average per person loss increased to Rs 1,16,654 from Rs 1,13,913 over the period. Also, equity derivatives turnover dropped to Rs 202 lakh crore in FY26 from
Is Microsoft overbuilding AI capacity? Bernstein says no, raises target price to $660
Bernstein maintains an Outperform rating on Microsoft and raises its target to $660, citing disciplined AI infrastructure spending, flexible datacenters, staggered commitments and strong fundamentals that support long-term growth.
Retiring with 75 lakh? Experts reveal how much to keep in cash and where to invest the rest
Retiring with 75 lakh? Here is a practical retirement corpus allocation across cash, bank FDs and equity mutual funds, balancing emergency needs, regular income, inflation protection and long-term financial stability.
Smallcap, midcap mutual funds see rise in inflows; largecap funds witness first outflow in 30 months
Equity mutual fund inflows declined 15% month-on-month to Rs 24,697 crore in July, but smallcap funds attracted a record Rs 7,767 crore, followed by midcaps at Rs 6,192 crore. Largecap funds recorded their first outflow in 30 months at Rs 1,321 crore, highlighting continued investor preference for growth-oriented segments.
KPI Green Energy Q1 Results: Net profit dips 14% at Rs 95 crore
KPI Green Energy experienced a fourteen percent dip in net profit for the June quarter, signaling the effects of geopolitical tensions and rising costs on financing and depreciation. Despite this, the company reported a notable sixteen percent increase in total revenue, amounting to Rs 710 crore. Additionally, Kapil Kriplani has been appointed as the new Chief Financial Officer, following Salim Yahoo's resignation from the role.
Zydus Lifesciences Q1 Results: Net profit down 36% at Rs 939.8 crore
Zydus Lifesciences reported a significant year-on-year decline of thirty-six percent in net profit for the first quarter, despite a robust twenty-two percent increase in operational revenue, reaching eight thousand seventeen crore rupees. The company experienced profitability challenges with an EBITDA reduction of seven point six percent compared to the previous year. Following the announcement, their stock price saw an uptick. Zydus is a prominent player in the global pharmaceutical landscape.
2 years vs 10 years: What investors lose by stopping SIPs early and why staying invested matters
Investors often quit SIPs too early, driven by market volatility. Data shows that holding SIPs longer significantly reduces the risk of loss, highlighting the importance of a long-term perspective in investing.
Info Edge clocks PAT of Rs 246 crore for Q1 FY27; billings up over 14% YoY
Info Edge (India) has reported 5.4% fall in standalone net profit to Rs 246 crore despite a 12% rise in revenue from operations to Rs 824 crore in Q1 FY27 as compared with Q1 FY26.
Finolex Cables hits 52-week high after Q1 PAT climbs 59% YoY to Rs 221 cr
Finolex Cables surged 11.64% to Rs 1,182 after the company reported a 59.4% year-on-year (YoY) jump in standalone net profit to Rs 221.28 crore in Q1 FY27 from Rs 138.88 crore in Q1 FY26.
KPI Green Energy Ltd leads losers in 'A' group
Triveni Turbine Ltd, Websol Energy System Ltd, CMS Info Systems Ltd and AvenuesAI Ltd are among the other losers in the BSE's 'A' group today, 11 August 2026.
Rhetan TMT Ltd leads losers in 'B' group
HLE Glascoat Ltd, Fermenta Biotech Ltd, GTPL Hathway Ltd and RMC Switchgears Ltd are among the other losers in the BSE's 'B' group today, 11 August 2026.
Volumes soar at Gland Pharma Ltd counter
Gland Pharma Ltd clocked volume of 76.21 lakh shares by 14:14 IST on NSE, a 13.82 times surge over two-week average daily volume of 5.52 lakh shares
Lupin Ltd slips for fifth straight session
Lupin Ltd is quoting at Rs 2268.1, down 1.39% on the day as on 13:19 IST on the NSE. The stock jumped 16.68% in last one year as compared to a 0.15% slide in NIFTY and a 22.17% spurt in the Nifty Pharma index.
Prime Focus Ltd eases for fifth straight session
Prime Focus Ltd is quoting at Rs 282.75, down 0.11% on the day as on 13:19 IST on the NSE. The stock jumped 24.06% in last one year as compared to a 0.15% slide in NIFTY and a 6.22% spurt in the Nifty Media index.
AvenuesAI consolidated net profit rises 24.33% in the June 2026 quarter
Sales rise 109.37% to Rs 2680.40 crore
Skipper consolidated net profit rises 25.52% in the June 2026 quarter
Sales rise 4.46% to Rs 1309.83 crore
Royal Orchid Hotels consolidated net profit declines 41.32% in the June 2026 quarter
Sales rise 36.11% to Rs 107.21 crore
Zydus Lifesciences consolidated net profit declines 35.93% in the June 2026 quarter
Sales rise 20.64% to Rs 7802.00 crore
Lloyds Enterprises consolidated net profit declines 74.50% in the June 2026 quarter
Sales rise 70.15% to Rs 563.03 crore
Arfin India consolidated net profit rises 276.85% in the June 2026 quarter
Sales rise 95.45% to Rs 212.77 crore
Ladderup Finance consolidated net profit rises 113.48% in the June 2026 quarter
Sales rise 61.25% to Rs 9.32 crore
Oil India shares rally 7% as brokerages turn bullish after Q1 results
Crude production rose 11 per cent Y-o-Y to 0.95 mmt, with the current run-rate higher at 11ktpd.
Majestic Auto consolidated net profit rises 38.22% in the June 2026 quarter
Reported sales nil
Fermenta Biotech consolidated net profit declines 55.38% in the June 2026 quarter
Sales decline 10.60% to Rs 121.82 crore
Hemisphere Properties India reports standalone net loss of Rs 3.20 crore in the June 2026 quarter
Sales decline 37.50% to Rs 0.15 crore
Radhika Jeweltech standalone net profit rises 25.48% in the June 2026 quarter
Sales rise 53.85% to Rs 152.54 crore
Pudumjee Paper Products standalone net profit declines 6.95% in the June 2026 quarter
Sales rise 3.29% to Rs 202.92 crore
Pyramid Technoplast standalone net profit rises 32.11% in the June 2026 quarter
Sales rise 35.82% to Rs 222.49 crore
Shalimar Wires Industries standalone net profit rises 117.82% in the June 2026 quarter
Sales rise 13.96% to Rs 37.39 crore
Centerac Technologies reports standalone net loss of Rs 0.17 crore in the June 2026 quarter
Sales decline 28.57% to Rs 0.05 crore
NCL Research and Financial Services standalone net profit declines 33.53% in the June 2026 quarter
Sales decline 8.24% to Rs 1.67 crore
Sparkle Gold Rock standalone net profit rises 212.50% in the June 2026 quarter
Sales rise 590.81% to Rs 12.78 crore
Sri Nachammai Cotton Mills reports standalone net loss of Rs 0.15 crore in the June 2026 quarter
Sales decline 7.19% to Rs 12.91 crore
Shyam Telecom reports standalone net loss of Rs 1.99 crore in the June 2026 quarter
Reported sales nil
