New Delhi: The 2024 Union budget’s mobile phone import duty reduction has left the domestic smartphone industry in a bit of a limbo—with neither the localization narrative nor import of fully-made premium phones for consumers benefitting from the move. As a result, the reduced duties will have nearly no impact on buyers, who have already…
US stocks edged higher on Monday, ahead of a Federal Reserve interest rate decision and Big Tech earnings. At the opening bell, the Dow Jones Industrial Average rose 76.37 points, or 0.19%, to 40,665.71. The S&P 500 was higher by 17.45 points, or 0.32%, at 5,476.55, while the Nasdaq Composite gained 86.51 points, or 0.50%,…
Ola Electric CEO Bhavish Aggarwal said in a press conference that the company is almost equivalent to automaker giant Maruti Suzuki, which is currently leading the car making industry in India, in terms of market share in the electric vehicle space. “We have already built that market position of us in the EV space. We…
Mid-cap and small-cap stocks have long been attractive for their high return potential. The Nifty Midcap index has outperformed the benchmark Nifty index for the fourth straight month in July (till date), rising 4.7 percent as against a 3.4 percent gain in Nifty. In 2024 as well, the mid-cap index has jumped over 30 percent…
Stock Market today: Cipla share price that has gained more than 24% year to date is trading near 52 week highs it scaled on Friday. Cipla had reported strong Q1 performance with net profit rising 17% YoY largely helped by improved operating performance as reported Ebitda grew 14% though revenue grew t a slower pace…
Ola Electric IPO: The much-awaited initial public offering of Ola Electric Mobility Ltd is all set to hit the D-Street this week on Friday, August 2. The Ola Electric IPO, which has a price band set in the range of â‚ą72 to â‚ą26, will close on Tuesday, August 6. The initial offering consists of an…
Stock market today: Gensol Engineering shares witnessed strong buying in the early morning session as the solar company has declared a winning fresh project worth â‚ą463 crore. Gensol Engineering share price today opened with an upside gap at â‚ą1,005 apiece on the NSE and touched an intraday high of â‚ą1,014.90 per share, logging around a…
Despite successfully filing your income tax returns or ITR for this assessment year, your tax refund may be delayed, a social media user claiming to be a Chartered Accountant said. CA Anand Luhar, who claims to be associated with the Institute of Cost & Works Accountants of India (ICWAI), in a post on X (formerly…
IDFC First Bank will lower the minimum amount due on its credit cards from 5 per cent to 2 per cent of the principal payable amount payable starting August 1. Previously, Axis Bank had done the same in November 2023. These changes in the minimum amount due may lead to higher interest costs for credit…
Filing your taxes at the last-minute could lead you to miss out on disclosing some transactions or failing to gather all the required documents on time. For instance, if you invest in cryptocurrency, you have to disclose those transactions scrip-wise. Karan Batra, founder of Charteredclub.com, said crypto exchanges don’t have a standard format for statements,…
