If you have not received your income tax refund so far, there is good news for you. The Income Tax (I-T) Department has set April 30 as the deadline for approving pending refunds, reported Business Line The department has prepared an interim action plan for tax refunds in this fiscal and set a timeline for various actions related … Read more
IN A RECENT survey of North American chief executives and chief financial officers, nearly 80% listed corporate culture as one of the five most important factors driving their company’s financial performance. A growing body of empirical evidence supports their belief that culture matters—and can boost profitability. Yet, in the same survey, an even higher number … Read more
The Indian economy has been doing well, with three consecutive quarters of 8%-plus growth so far in FY24. During this period, the banking sector’s credit growth has increased nearly 17% to ₹160 trillion, according to data from the Reserve Bank of India (RBI). Credit card debt has risen by 23% to ₹2.5 trillion, which is … Read more
In contemporary times, mobile phones possess capabilities equivalent to those of computers, becoming indispensable tools for various activities ranging from bill payments to online shopping. This widespread adoption of mobile phones has also spurred advancements in financial services. Also Read: What are the charges associated with a demat account? Stockbrokers and fund managers have developed … Read more
On account of strong US inflation figures and the US Fed rate cut buzz, the gold rate today climbed to a new peak in the domestic and international markets. Comex gold price today climbed to a new lifetime high of $2,412 per ounce while the spot gold price touched a new high of $ 2,395 … Read more
Its been 30 years since I have been tracking the stock markets. And during this period, perhaps there have been about four instances when the retail investor has been labelled as ‘mature’. It happened during the telecom-media-tech boom of the late 1990s. The retail investor was apparently mature enough to understand that the world had … Read more
US Congressman Adam Schiff has tabled a bill proposing tech firms training AI models disclose use of any copyrighted data. It follows criticism from artists and creators on unfair use of their work by tech firms raking in billions. Can this stifle innovation? Mint explains. What does the US bill propose? Titled Generative AI Copyright … Read more
MUMBAI : Rich and retail investors have turned bearish on index futures, the first time in nearly three months, indicating stocks trading at record levels may be close to a peak for now as tensions rise in West Asia. On Wednesday, when the Nifty kissed a fresh high of 22775.70 points, retail and high networth … Read more
Thanks to the ongoing bull run, total inflow into equity mutual fund schemes during the fiscal year 2023-24 touched ₹1.84 lakh crore. Significantly, total inflow into all the mutual fund schemes via systematic investment plans (SIPs) stood at ₹1.99 lakh crore, 28 per cent higher than ₹1.56 lakh crore recorded in the preceding financial year. … Read more
Exide Industries Ltd stock fired up this week, rising 20%, following the announcement on Monday of a memorandum of understanding (MoU) with Hyundai Motor Co. and Kia Corp. for supply of batteries. The agreement, which entails the supply of batteries for electric vehicles (EVs) to be manufactured by the two automakers, highlights a significant step … Read more
