MUMBAI: The RBI’s Monday evening decision to infuse liquidity into the banking system led to a rally in banking stocks on Tuesday that, despite a late sell-off, mainly helped the sensex close 530 points (0.7%) higher at 75,901 points. At one point, the sensex was up nearly 1,200 points but the late sell-off, mostly by…
Taxpayers who continue to favor the traditional structure are still hopeful for adjustments which are at least reflective of the rising inflation and costs of living in India. By Ravi JainBudget 2025 income tax expectations: The announcement of new income tax regime in India’s Union Budget 2020 was a progressive step by the Hon’ble Finance…
Nifty displays a negative short-term trend, with support at 22,700-22,650 levels. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Tuesday. While BSE Sensex was up over 400 points, Nifty50 was above 22,900. At 9:16 AM, BSE Sensex was trading at 75,795.53, up 429 points or…
Stocks to sell today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Hindalco and Infosys are the top stocks to sell today:Hindalco Sell @ Rs 586 Stoploss at Rs 611; Target Rs 540Hindalco has broken down a long-term trend line on the higher time…
MUMBAI: Retail credit growth in India slowed in Q2FY25, with affordable housing and low-cost two-wheeler loans recording the steepest decline. According to the TransUnion Cibil credit market indicator report for the Sept quarter, loans disbursed for affordable housing (up to Rs 35 lakh) fell 12% year-on-year, while loans for houses between Rs 35 lakh and…
NEW DELHI: In an instance of a key global telecom equipment vendor localising its production in India, telecom equipment company TP-Link Systems has outsourced its production to local contract manufacturer Optiemus Electronics Ltd Headquartered in the US, TP-Link Systems is a global provider of reliable networking devices and smart home products.The two companies on Monday…
NEW DELHI: In an instance of a key Chinese electronics vendor localising its production in India, Chinese telecom equipment company TP-Link has outsourced its production to local contract manufacturer Optiemus Electronics Ltd.The two companies on Monday announced a partnership that will see the Noida-based Optiemus manufacture TP-Link’s networking devices and smart home products.Under the partnership,…
Budget 2025 income tax expectations: The new income tax regime was introduced as an optional tax regime from FY 2020-21. Budget 2025 income tax expectations: Ever since Finance Minister Nirmala Sitharaman introduced the new income tax regime with reduced tax rates and almost no deductions and exemptions, salaried taxpayers have been wondering whether the old…
CHENNAI: Sridhar Vembu has stepped down as the chief executive of Zoho Corp to focus more on the research and development of artificial intelligence products. Vembu would take up a new role as the chief scientist, he said in a X post on Monday. Zoho co-founder Shailesh Kumar Davey has been named as group CEO…
Budget 2025 income tax expectations: AIS Form should comprehensively capture the entire break-up of salary income. (AI image) By Parizad SirwallaBudget 2025 income tax expectations: With the advent of digitization, the Income Tax Department has made significant progress in simplifying tax related processes. It is widely expected that the 2025 Union Budget can focus further…
