Month: April 2024

Can I claim capital gains exemption for consolidating multiple properties into a single residential property?

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Can I claim capital gains exemption for consolidating multiple properties into a single residential property?

I am selling three residential house properties all during the financial year 2024-25. My aggregate indexed long-term capital gain from the sale of all three properties is ₹95 lakh. Can I claim a long-term capital gains exemption for all three properties by investing the capital gains in a single residential house property? Section 54 provides for exemption from long-term … Read more

Dolly Khanna portfolio: Chennia-based investor buys stake in small-cap stock despite 100% rally in one year

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Dolly Khanna portfolio: Chennia-based investor buys stake in small-cap stock despite 100% rally in one year

Dolly Khanna portfolio: Chennai-based Indian stock market investor Dolly Khanna is known for investing in lesser-known small-cap stocks that tend to outperform the majority of the share market indices. That’s why a good number of retail investors and market observers follow ace investor Dolly Khanna’s portfolio. They follow the ace investors’ portfolio by scanning the … Read more

Money in your PhonePe, Paytm wallet? You can now use it to pay on any UPI app. What RBI’s new rules say

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Money in your PhonePe, Paytm wallet? You can now use it to pay on any UPI app. What RBI's new rules say

While the Unified Payments Interface (UPI) has become a part of our everyday life, there’s one limitation that hinders the user experience — not being able to use the money in your online wallet to make UPI transactions to web or mobile application other than that provided by the prepaid payment instrument (PPI) issuer. Thanks … Read more

China Leads Global Coal Power Surge as Capacity Climbs to Record

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(Bloomberg) — Global coal-power capacity rose to a record last year, led by a surge in new plants in China and a slowdown in retirements around the world, according to a new report from Global Energy Monitor.  The world’s coal fleet grew by 2% to 2,130 gigawatts, with China accounting for about two thirds of … Read more

Mutual Funds: Net AUM declines marginally to ₹53 lakh crore in March, shows AMFI data

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Mutual Funds: Net AUM declines marginally to ₹53 lakh crore in March, shows AMFI data

The mutual fund (MF) industry’s net assets under management (AUM) declined by 2 per cent to ₹53,40,194 crore at the end of March 2024, as against ₹54.54 lakh crore as on February 29 this year, data released by the Association of Mutual Funds in India (AMFI) reveals. The number of new SIPs registered in March … Read more

Delta Air Lines stock climbs 4% after strong Q1 earnings, revenue rises 8%

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Delta Air Lines stock climbs 4% after strong Q1 earnings, revenue rises 8%

Delta Air Lines stock climbed as much as 4 per cent during the morning trade on Wednesday after the airline reported stronger than expected earnings for the first quarter. The company also forecast a record second quarter earnings of $2.20 to $2.50 per share based on consistently strong travel appetite. The US carrier reported profit … Read more

Sensex, Nifty on the dance floor — should you simply invest in index funds and relax? Here is what experts say

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Sensex, Nifty on the dance floor — should you simply invest in index funds and relax? Here is what experts say

The Sensex closed above the 75,000 mark for the first time on Wednesday, April 10. The NSE Nifty50 index has touched the 22,700 mark. The benchmark indices Sensex and Nifty have soared around 18.74 per cent and 20.03 per cent respectively during the Calendar Year 2023.  In fiscal 2024, the Nifty posted a 30 per … Read more

Joe Biden, Fumio Kishida enlist Amazon, Nvidia to fund $50 million joint AI research programme

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Joe Biden, Fumio Kishida enlist Amazon, Nvidia to fund $50 million joint AI research programme

President Joe Biden and Japanese Prime Minister Fumio Kishida have enlisted Amazon.com Inc. and Nvidia Corp. to fund a new joint artificial intelligence research program, as the two nations look to improve collaboration around the quickly emerging technology. The $50 million project will be a joint effort between the University of Washington in Seattle and … Read more

HPCL, BPCL, IOCL gain up to 5%; Nifty Oil & Gas Index rises 1.5%

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HPCL, BPCL, IOCL gain up to 5%; Nifty Oil & Gas Index rises 1.5%

Bharat Petroleum Corporation stood amongst largest gainers in Nifty -50 Stocks with gains of close to 3% .  Indian Oil Corporation was also not far behind with share price gaining 2-3%. Hindustan Petroleum Corporation share prices nevertheless rose close to 5% during intraday tards on Wednesday. The rally Bharat Petroleum , Hindustan Petroleum, Indian Oil … Read more