Income Tax Department on Wednesday said more than 7 crore ITRs (income tax returns) have been filed till 7 pm on 31 July. Out of this number more than 50 lakh ITRs were filed on Wednesday till 7 pm, said the tax department. Urging all those taxpayers who have not filed ITR for financial year…
Infrastructure construction company Ceigall India, on Wednesday, said it has garnered â‚ą375.20 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, August 1. The company informed the bourses that it allocated 93,56,581 equity shares at â‚ą401 per share on Wednesday, July 31 to anchor investors. Foreign and…
Financial services company Capital Group on Wednesday offloaded 4.3 per cent stake in cash logistics solutions provider SIS for over â‚ą258 crore through open market transactions, while Abu Dhabi Investment Authority bought shares in the company. US-based Capital Group, through its two affiliates Smallcap World Fund and American Funds Insurance Series Global Small Capitalization Fund,…
The initial public offering (IPO) of Brainbees Solution, which runs omnichannel kidswear businesses under the FirstCry brand, is set to launch on August 6. The IPO is a new issue of â‚ą1,666 crore and an offer for sale (OFS) of up to 5.4 crore shares by current shareholders, including M&M and SoftBank. The anchor investor…
US stock indices edged higher in early trading on Wall Street on Wednesday amid a flurry of earnings and ahead of the Federal Reserve’s interest rate policy decision. At the opening bell, the Dow Jones Industrial Average rose 25.5 points, or 0.06%, to 40,768.88. The S&P 500 rose 69.2 points, or 1.27%, to 5,505.59, while…
The Indian market concluded July on a robust note, extending their winning streak to a second consecutive month. This positive momentum has been driven by significant sector rotation, which has played a pivotal role in sustaining the indices at elevated levels. Despite some volatility experienced after the budget—prompted by the government’s increase in capital gains…
On its second bid day, investors are responding favourably to Akums Drugs and Pharmaceuticals’ initial public offering, which comes as the Nity 50 is about to reach 25,000 levels in a bull market. Akums Drugs and Pharmaceuticals IPO subscription status is 4.43 times, according to BSE data. The price band for the initial public offering…
NEW DELHI : Ahead of the Union Budget 2024-25, rumours were rife that tax on futures and options (F&O) would be increased to curb the increasing retail participation in the derivatives market. But while the Centre didn’t touch F&O, barring a nominal increase in securities transaction tax (STT), it increased tax on short- and long-term…
MUMBAI : Portfolio Management Services (PMS) are navigating new challenges after the Union Budget for 2024-25 increased capital gains tax rates. The budget raised the short-term capital gains (STCG) tax rate to 20% from 15%, impacting PMS investors who face higher taxes if a stock is sold within 12 months of purchase. This tax hike…
Shares of IndiaMART InterMESH plunged more than 8 percent in intra-day trading on Wednesday after the company reported a significant drop in subscriber additions for the quarter ending June 2024 (Q1FY25). The company added only 1,500 subscribers in Q1FY25, far below analysts’ expectations, compared to 2,683 subscribers in the March quarter (Q4FY24). Despite this, IndiaMART…
