For income taxation purposes, a resident is deemed to be a senior citizen if they had been 60 or older but under 80, whereas an individual resident who was 80 years of age or older at any point in the previous financial year is referred to as a super senior citizen.
The NPS is an excellent investment vehicle for employees across sectors, private and government.
Critically acclaimed Hindi film actors who have played leads in offbeat films or starred in supporting roles are starting to ride the OTT wave
Tax-free bonds are bonds with tenors of 10 to 20 years that are issued by various PSU organisations and have interest that is not subject to taxation. Target maturity funds, on the other hand, are debt mutual funds that invest in a certain mix of government, corporate, or state development loans and securities.
The guideline prohibiting securitization of loans with a residual maturity of less than a year is set to impact fintech lenders who deal in short-term loans, analysts said
The yellow metal is seen as a haven to hedge funds against inflationary pressure in the economy because stock markets do tend to correct heavily when consumer prices increase.
Sensex declines for 4 out of 5 sessions in the week, Nifty for 3 sessions
In the US, only 14% Indians want to invest in FDs as against 20% in the UK
Experts say Dalal Street will remain attractive because the return on equity is generally higher than FDs. The lock-in period is 5 years in respect of tax saving FDs and to avail the favorable tax break the equity needs to be held for a period greater than 12 months, which is significantly less than FDs lock in, said Archit Gupta, Founder and CEO, ClearTax.
The EU's oil embargo against Russia and the G7 price cap on Russian oil that came into force at the start of this week have been just as powerless to prevent this as the easing of coronavirus restrictions in China and robust Chinese crude oil imports have, Commerzbank analyst Carsten Fritsch said.
Earlier this week, SBI announced that its personal banking advances, excluding high value home loans, have crossed the 5 lakh crore-mark
The April 2033 issue of Bharat Bond ETF has been oversubscribed 2.8 times against the base issue size of Rs 1,000 cr. The total collection has crossed Rs 2,800 crore, Pandey tweeted.
Move follows SC reprimand for cherry-picking approach in sharing documents with parties
Investors are in a wait-and-see mode. They are just waiting for the Fed and the European Central Bank meeting next week, which are going to be the final key market driver for this year, said Carlo Alberto De Casa, external analyst at Kinesis Money.
One of the top lenders in the private sector, Yes Bank, has altered the interest rates on fixed deposits under 2 crore.
Dedicated freight corridors will offer higher transport output and carrying capacity due to faster transit of freight trains, running of double stack container trains and heavy haul trains due to which the unit cost of freight transport will get reduced substantially.
Forex dealers said that gains may be limited as traders will be keenly watching the policies of major central banks as also the US inflation data.
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The Nifty Auto index closed 0.3 per cent down at 12869.4.
Jios AGR rose 3% on quarter and 20.1% on year to 22,500 crore, leading to a market share of 41.4%, up 56bps sequentially
About 1199 shares advanced, 2220 shares declined, and 113 shares were unchanged on December 9
The Nifty Pharma index closed 0.36 per cent up at 12774.7.
Sensex fell 389 points to end at 62181. Of 30 Sensex stocks, 18 ended in the red. Nifty too fell 112 points to end at 18,496, with 33 of its constituents closing in the red
One of the leading private sector lenders Kotak Mahindra Bank has revised interest rates on fixed deposits of less than 2 Cr.
All the sectoral indices, barring Nifty FMCG and Nifty Pharma, ended in the red.
SIP inflows hit a record high; MF assets cross 40-lakh crore mark
Equity benchmark Sensex declined nearly 390 points on Friday, pressured by heavy selling in IT, tech and energy stocks despite a positive trend in the global markets. Besides, rising crude oil prices and relentless foreign capital outflows further weighed on sentiment, traders said. The 30-share BSE Sensex opened strong but came under severe selling pressure to close 389.01 points or 0.62 per cent lower at 62,181.67.
The private sector lender ICICI Bank has revised interest rates on bulk fixed deposits of more than 2 Cr to less than 5 Cr
Vadilal Industries stock touched an intraday high of Rs 2739.55 , rising 10.38% on BSE. However, the stock opened 2.9% lower at Rs 2410 today against the previous close of Rs 2,482 20
SoftBank-based e-commerce marketplace Snapdeal has deferred its Rs 1,250 crore IPO, joining the list of startups that have decided to shelve their initial public offering (IPO) plans this year. Snapdeal, which competes with Amazon and Flipkart, filed a request this week with the Securities and Exchange Board of India (Sebi) to withdraw its draft red herring prospectus (DRHP) amid a sell-off in tech stocks worldwide. Considering the prevailing market conditions, the company has decided to withdraw the DRHP. The company may reconsider an IPO in the future, depending on its need for growth capital and market conditions, a Snapdeal spokesperson said.
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The big victory of incumbent BJP in Gujarat will aid in continued policy momentum and preclude the need for any populist measures in the forthcoming budget, in our view, Motilal Oswal's research analyst Gautam Duggad said.
Prabhudas Lilladher recommended accumulate rating on Hindustan Unilever with a target price of Rs 2798 in its research report dated December 08, 2022.
Hem Securities is bullish on Solar Industries India has recommended buy rating on the stock with a target price of Rs 4620 in its research report dated December 07, 2022.
Data on Thursday showing a rise in U.S. weekly jobless claims, however, has raised investor hopes that the Federal Reserve could temper its aggressive stance on interest rate hikes.
Currently, there are 20-22 million addressable TV homes in India. Connected TV is the preferred connection at 65%, comprising smart TVs, devices such as Firestick, Internet-enabled set-top boxes versus 35% linear (cable and DTH)
Bank Nifty option chain reflects PE writers standing tall at 43,000/43,500 strikes
U.S. stocks advanced overnight, with the S&P 500 snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the pace of the Federal Reserve's interest rate hikes could soon slow.
New Delhi: Gold ATM has been started in the country on 5 December 2022. Goldsikka with the help of Hyderabad-based firm OpenCube Technologies has established Real Time Gold ATM here. People can withdraw pure gold coins from this ATM using their debit and credit cards. According to CTaruj, CEO of Goldsikka, people can buy gold coins ranging from 0.5 grams to 100 grams using this ATM. You can also see the prices of these coins live on the screen of the ATM. The coins will be provided in a certified tamper-proof pack with 999 purity. But do you know that Gold ATM was started in Dubai 12 years ago i.e. in the year 2010? Gold ATMs are installed at many places in Dubai. In 2010, the world's first gold ATM was installed in the lobby of the Emirates Palace Hotel in Abu Dhabi. People could withdraw gold coins from this ATM. Today there are many such ATMs in Dubai, from which gold bars i.e. gold biscuits and gold coins can also be withdrawn. This ATM machine is also covered with a thick layer of gold and here customers get many options of 24-carat gold coins and gold biscuits. Along with Dubai, gold ATMs have also been installed in Germany and America a long time ago. Indian-origin Sushmita Shukla appointed First VP of Fed Reserve of New York 'India will not be an ally of the US, but a superpower itself,' said a White House official Another 'Pakdaua marriage' in Bihar, know the whole matter
But from a pure valuation perspective it is already trading at least 25 to 30% cheaper. So that way it gives a good opportunity for anybody to participate at this valuation and wait for a right stable environment when it can command slightly better multiple.
Motilal Oswal is bullish on G R Infraprojects recommended buy rating on the stock with a target price of Rs 1510 in its research report dated December 08, 2022.
A total of 9,195 shares changed hands on the counter till 02:11PM (IST).
Sharekhan is bullish on Apollo Tyres has recommended buy rating on the stock with a target price of Rs 372 in its research report dated December 08, 2022.
The leading private banker now offers a maximum 6.50% rate to the general category, while senior citizens are in for a treat as they will get to earn interest rates on their FD accounts to as high as 7%.
Emkay Global Financial is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 615 in its research report dated December 08, 2022.
As of 30-Sep-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 6.33 per cent.
The timeline of the buyback will be released later on.The stock which has a market capitalisation of Rs 2,700 crore has rallied over 32% in the last 6 months. The smallcap was trading 3% higher at Rs 183.65 after the buyback announcement.
A total of 29,908 shares changed hands on the counter till 01:30PM (IST)
These factors, coupled with macro-economic headwinds including the liquidity tightening, has left start-ups who are still burning cash at a crossroads. So, what is different about the public market investor sentiments from the private investors? Well, while public markets investors want start-ups to be more disciplined in their spend, private investors take a long-term growth perspective of business and are more patient.
Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 105684.53 Crore) operating in Metals - Non Ferrous sector.
Gold futures on MCX were trading higher, gaining 0.36% or Rs 196 at Rs 54,247 per 10 grams. However, silver futures jumped 0.78% or Rs 522 at Rs 67,556 per kg.
A total of 124,180 shares changed hands on the counter till 01:14PM (IST)
A total of 34,767 shares changed hands on the counter till 01:09PM (IST).
Promoters held 67.4 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 5.87 per cent and 0.12 per cent, respectively.
Wipro stock, which closed at Rs 715.20 on December 31, 2021, is trading at Rs 396.40 in the current session. Market cap of Wipro fell to Rs 2.17 lakh crore on BSE
As of 30-Sep-2022, promoters held 46.83 per cent stake in the company, while FIIs held 0.0 per cent and domestic institutional investors had 16.44 per cent.
Greenko was the lowest bidder for 3,000 mega watt hours tender called by state run firms unit NTPC Renewable Energy for 5 per kWh on a single cycle per day basis
A total of 6,069 shares changed hands on the counter till 12:38PM (IST)
Cera Sanitaryware, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 6938.63 Crore) operating in Building Materials sector.
Promoters held 46.74 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 15.97 per cent and 15.78 per cent, respectively.
A total of 100,368 shares changed hands on the counter till 12:28PM (IST)
Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 238517.89 Crore) operating in Pharmaceuticals sector.
The index will track prices of more than 30 companies actively traded in the unlisted market and provide analysis and trends through data analytics.
On the technical charts, the RSI of the stock stood at 69.71.
The stock quoted a 52-week high price of Rs 742.25 and a 52-week low of Rs 455.05.
A total of 2,994 shares changed hands on the counter till 11:42AM (IST).
Paytm share price: The stock climbed as much as 6.79 per cent to hit a day high of Rs 542.90 against its previous close of Rs 508.40. A total of 5.99 lakh shares changed hands today on BSE, amounting to a turnover of Rs 31.88 crore.
A total of 10,237 shares changed hands on the counter till 11:37AM (IST).
Nomura is positive on select information technology (IT) majors from the largecaps and midcaps segment for 2023
If I look at it from a behaviour perspective it is not happening on a immediate basis. But if you look at it from a longer term perspective then maybe it will take many more years to reach that crisis. I do not think it is happening. I think inflation is settling down, when we look at the core CPI number, things are changing globally. So I am not that pessimistic at this point in time the way market participants are.
A total of 5,677 shares changed hands on the counter till 11:27AM (IST).
In the Nifty 50 index, 25 stocks were trading in the green, while 25 stocks were trading in the red.
Citigroup maintained its buy rating on Hindustan Unilever with a target price of Rs 3050. The company announced entry into Health and well-being which is a positive sign, the brokerage said.
'It is requested that listed equity shares or units of equity-oriented fund schemes be exempted from capital gains tax (LTCG) if equity shares or mutual funds units are held for at least three years.'
A total of 7,472 shares changed hands on the counter till 11:22AM (IST)
Kalpataru Power Transmissions, incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 8267.44 Crore) operating in Power sector.
A total of 44,012 shares changed hands on the counter till time (IST).
The Nifty Realty index was trading 0.46 per cent down at 452.25.
Sun Pharma stock rose up to 1.46% to Rs 995.30 against the previous close of Rs 980.95 on BSE. The share opened flat at Rs 980.80 on BSE
The withdrawal comes as many Indian startups have delayed IPOs; Snapdeal may reconsider going public at a later stage
Mishap in Keystone pipeline, 14,000 barrels of oil spills into Kansas creek
Yes Bank share price: The stock jumped as much as 14.93 per cent to hit a day high -- also its 52-week high -- of Rs 20.40 as against its previous close of Rs 17.75. A total of 616.23 lakh shares changed hands today on BSE, amounting to a turnover of Rs 120.47 crore.
On the technical charts, the RSI of the stock stood at 62.0.
In the past few years, Khurrana has seen a good run at the box office with hits like Bareilly Ki Barfi, Shubh Mangal Saavdhan, Andhadhun, Badhaai Ho, Article 15, Dream Girl and Bala
The 30-share BSE Sensex was down 106.18 points at 62464.5
As of 30-Sep-2022, promoters held 54.9 per cent stake in the company, while FIIs held 18.21 per cent and domestic institutional investors had 11.55 per cent.
The 30-share BSE Sensex was down 87.36 points at 62483.32