Personal Finance / The Economic Times
In view of increased interest rates, the government revised the interest rates of a few small savings schemes, including the Senior Citizens Savings Scheme, for the June 2023 quarter.
An account opened under this scheme will be a single holder type account that can be opened at the Post Office or any authorised bank.
The market lot size for Nifty Bank futures and options has been reduced to 15 from 25, effective from the beginning of July 2023 contracts. In a circular on Friday, the National Stock Exchange said only the far-month contract, i.e., July 2023 expiry contracts, would be revised for market lots
A meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Wednesday, April 12, 2023, to approve and take on record the audited standalone and consolidated financial results of the Company under
Are you a young salaried professional, whose investment and tax-saving strategy is the result of a mix of impulse and instinct, without adequate time and thought invested in much-needed planning for his taxes? While tracking the latest developments in the Indian tax landscape, we demystify the overarching differences between the old and the new tax regime to help you choose the best option.
Here is a look at the interest rates on various small savings schemes for the first quarter of FY 2023-24.
National Savings Certificates, also known as NSCs, are savings bonds that can be invested through the India Post's small savings schemes.
In the Nifty pack, 43 stocks closed in the green, while 7 stocks ended in the red.
The Nifty Auto index closed 1.01 per cent up at 12243.8.
The Nifty Realty index closed 1.63 per cent up at 387.35.
The Securities and Exchange Board of India (Sebi) has extended the compliance requirement for large corporates to raise at least 25% of their incremental borrowings through debt securities to a contiguous block of three years from the present two years. This decision comes after the board of Sebi allowed the proposal. Previously, large corporates needed to mobilize a minimum of 25% of their borrowings through the issue of debt securities in a financial year, which had been mandated over a contig
Meanwhile, Morgan Stanley places India at the 7th spot in terms of market allocation among APxJ/EM (Asia Pacific ex-Japan / Emerging Markets). The US-headquartered investment bank and financial services company is Overweight (OW) on China, South Korea and Taiwan.
As many as 33 companies will see the expiry of pre-IPO lock-ins in the next three months. A lock-in is a time period under which existing shareholders cannot sell their investments to avoid volatility in the stock.
A total of 6,278 shares changed hands on the counter till 01:48PM (IST).
The stock quoted a 52-week high price of Rs 308.65 and a 52-week low of Rs 176.6.
A total of 11,181 shares changed hands on the counter till 12:40PM (IST).
Brimonidine Tartrate Ophthalmic Solution is an alpha-adrenergic receptor agonist indicated for the reduction of elevated intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension.
As of 31-Dec-2022, promoters held 59.45 per cent stake in the company, while FIIs held 22.6 per cent and domestic institutional investors had 3.98 per cent.
Motilal Oswal Financial Services, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 9025.56 Crore) operating in NBFC sector.
Further, for the Indian Navy, contracts for Software Defined Radio (1,265 units), HD VLF HF Receiver (1,178 units), and Sarang (12 units), were signed. Sarangs will be installed on Kamov 31 helicopters of the Indian Navy which intercepts, detects and identifies the radar emitters comprising state-of-the-art technologies.
A total of 11,311 shares changed hands on the counter till 12:30PM (IST).
ICICI Securities, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 13823.52 Crore) operating in Financial Services sector.
The stock quoted a 52-week high price of Rs 840.05 and low of Rs 557.0.
What is Hallmark Unique Identification Number (HUID) for gold jewellery
On the technical charts, the 200-day moving average of the stock stood at Rs 147.29.
Promoters held 38.19 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 19.0 per cent and 21.46 per cent, respectively.
The Bureau of India Standards (BIS) will not permit the sale of hallmarked gold jewellery or artefacts after March31, 2023 if those items lack a 6-digit alphanumeric Hallmark Unique Identification Number (HUID).
Morgan Stanley has reduced active risk to zero from (-)50 bps, earlier. The overall score stands at 22, according to this report. Chile is another country which has been given an Equal-weight rating by Morgan Stanley.
According to the new rules that come into effect from April 1, mutual funds with less than 35% investment in equities will be taxed short-term capital gains (STCG) based on income tax slab levels, similar to how bank fixed deposits are taxed.
Up to 8.5% FD rates: Special fixed deposit schemes closing on March 31
The multibagger stock has risen from being a penny stock available at just Rs 10.20 in April 2003 to over Rs 600 currently. In the last five years, the shares have surged 522% and the same jumped nearly 830% in the last three years.
Asian markets were mixed on Thursday as investors weighed US interest rates against the backdrop of recent turmoil in the financial sector. Markets have largely been reassured by comments from officials suggesting the fallout from the collapse of US regional banks and from Credit Suisse's troubles was contained
NPCI recently issued guidelines that allowed prepaid payment Instruments (PPI wallets) to be part of the interoperable UPI ecosystem.
Adani Group's market capitalisation surged by 20,205 crore on Wednesday to 9.09 lakh crore after falling by 49,400 crore the previous day. In the past week, these stocks have weakened again, possibly due to negative news flow. The group's clarification late last night to stock exchange was in response to a report by The Ken earlier in the day which raised questions on whether the conglomerate's promoters had repaid its loans against the shares they had pledged.
Azure received an extension from the NYSE until mid-July to submit an audited report for FY22, averting a possible stock delisting.
At the Sebi board meeting, chairperson Madhabi Puri Buch declined to comment on its investigation into the Hindenburg Research report on the Adani Group. We never comment on entity-specific matters and on top of that the matter is before the Supreme Court and we never comment on sub-judice matters, Buch said at a press conference after the board meeting.
The stake acquisition by the promoter helped shares of Quess Corp snap their 3-day losing streak and test a 1-month high of Rs 385. The stock ended 4% higher at Rs 357.50 on the NSE.Through separate deals, a mutual fund house, foreign portfolio investor, and life insurance company sold stake in Quess Corp.Aditya Birla Sun Life Mutual Fund sold 11,36,091 shares or 0.8% stake at Rs 383.79 a share.
Many banks currently offer senior citizens interest rates above 8%. When it comes to interest rates for regular citizens, however, only few come close to this rate.
NPCI has advised that UPI transactions made via prepaid instruments, such as wallets and cards will attract an interchange fee of 1.1 per cent for merchant payments from April 1, 2023. The interchange fee will be levied only on specified merchant transactions of above Rs 2,000. Which transactions will attract a fee from April 1, 2023? Will you have to pay a fee while paying via UPI in a store? ET Wealth decodes
UPI transactions to remain free for you, NPCI clarifies
A total of 51,875 shares changed hands on the counter till 01:27PM (IST).
A total of 13,069 shares changed hands on the counter till 01:22PM (IST).
The stock traded at a P/E multiple of 7.1, while the price-to-book value ratio stood at 0.63.
MphasiS Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2022.
The Nifty Pharma index was trading 0.42 per cent up at 11923.25.
Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2022.