Retail investors, through the mutual fund route, are yet again absorbing the selling by foreign institutional investors (FIIs) post the budget, which is being reflected by a decline in fear gauge India VIX to a three-month low on Wednesday after wild intraday swings. FIIs have sold shares worth almost â‚ą6,700 crore in the past two…
Mumbai: Bajaj Finance’s loan loss provisions surged in the first quarter (April-June) of this financial year, driven largely by muted collections and higher provisioning requirements for ageing delinquencies. This, the Pune-based non-bank lender said, has prompted it to now focus on improving its collection efficiency, which indicates the proportion of a loan’s repayment amount that…
This year’s union budget has introduced a slew of changes that have a bearing on our personal finances. The long-term capital gains tax for equities was modified for the first time after it was reintroduced in the 2018 budget. The government, however, did not announce a much-anticipated relaxation in the tax treatment of debt mutual…
In the Union Budget 2024, presented by Finance Minister Nirmala Sitharaman on July 23, the tax rates for long-term capital gains (LTCG) and short-term capital gains (STCG) have been tweaked. The changes include raising the tax rate on long-term capital gains on equity from 10 per cent to 12.5 per cent, while the tax rate…
Capital markets regulator Securities and Exchange Board of India (SEBI) revealed in a recent study that seven out of 10 intraday trades in cash segment made losses in the financial year ending March 2023 or FY23. The market watchdog also said that 76 per cent of these traders were under the age of 30 years….
MUMBAI : Hindustan Unilever Ltd’s (HUL’s) shares dropped close to 2% on Wednesday, which can be attributed to profit booking given that the stock had gained about 12% in the past one month in anticipation of potential positive announcements in the Union Budget 2024-25.  It should be noted that the commentary of HUL’s management…
The recently announced Budget 2024 has brought significant changes to the income tax regime, raising pertinent questions about which tax structure—old or new—will be more advantageous for different categories of taxpayers. Finance Minister Nirmala Sitharaman’s revisions include adjustments to tax slabs and deductions, aimed at providing relief to various segments of taxpayers. Let’s delve into…
Gold rate today: Gold rate on MCX traded higher on Wednesday, recouping sharp losses in previous session, tracking gains in international bullion prices ahead of the release of key economic data in the US. MCX gold contracts for August delivery traded 0.42% higher at â‚ą68,801 per 10 grams, while MCX silver contracts for September delivery…
Budget 2024: In the Union Budget 2024 tabled in the Lok Sabha on Tuesday, Finance Minister Nirmala Sitharaman proposed some amendments to the income tax laws, which will have far-reaching implications for real estate transactions. Let us discuss them. Removal of indexation benefits Your investment in real estate becomes long-term after you have held the…
In Budget 2024, Finance Minister Nirmala Sitharaman removed the indexation benefits previously available for property sales. Global brokerage house CLSA believes this move is negative for investments with shorter duration. The FM also announced a reduction in Long Term Capital Gains (LTCG) Tax on property sales from 20% to 12.5%. “With the rationalisation of the…
