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
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: 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
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
(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
