Indian stock market indices Sensex and Nifty 50 have corrected nearly 2% from their record high levels amid profit booking and concerns over high valuations. While the Union Budget 2024 had mixed overall impact, the stock market is likely to discount the budget and shift its focus to corporate earnings growth. The Budget 2024 maintained…
The Union Budget 2024 endorses the government’s policy of an apparent tilt to the New Tax Regime over the previous one, as evident from a slew of efforts to make it a more attractive proposition for taxpayers. The government’s push for the New Tax Regime became evident last year when the income threshold limit for…
Hailing from a lower-middle-class family in a tier-3 town, Sachin completed his Master of Computer Applications course and began working at an MNC in Pune. Through countless hours of hard work and dedication, he made it to a senior-level position and found himself posted in the US, along with his wife and two young children….
With the concerns of the period of reassessment and reopening of income tax file, finance minister Nirmala Sitharaman in budget 2024 has simplified such provisions. Sitharaman has suggested that an income tax assessment window can be reopened beyond three years from the end of the assessment year if the income which is not disclosed during…
The budget has delivered a rude shock to most taxpayers. In the guise of rationalization of the capital gains provisions, there has been a significant increase in capital gains tax liability in most cases. Relatively straightforward is the increase in the rate of tax on long-term capital gains and short-term capital gains on listed equity…
Indian stock market: The frontline indices—the Sensex and the Nifty 50—marginally lower on Tuesday, July 23. The Indian stock market benchmarks dropped nearly 2 per cent during the session in response to Finance Minister Nirmala Sitharaman’s budget announcement of increases in the Security Transactions Tax (STT), long-term capital gains tax (LTCG), and short-term capital gains…
July 23 – Visa’s third-quarter revenue growth fell short of Wall Street expectations as steep borrowing costs limited consumer spending, sending shares of the world’s largest payments processor down 2.1% in extended trading. The U.S. Federal Reserve’s efforts to curb inflation have taken interest rates to their highest since the global financial crisis of 2008,…
India’s video market is on the cusp of a major transformation, with premium online video-on-demand (VoD) content set to play a pivotal role. A new report commissioned by Prime Video India and conducted by Media Partners Asia (MPA) reveals that streaming VoD will fuel half of the new revenue growth in the country’s video sector….
Technical posture for gold remains bullish – analyst India slashes import tax on gold, silver Focus on US PCE data on Friday July 23 – Gold prices edged up on Tuesday and were set to break a four-day losing streak, as investors awaited U.S. economic data due later this week for more clarity on the…
(Bloomberg) — Medline Industries Inc. is exploring an initial public offering that could value the medical supplies giant at as much as $50 billion, people familiar with the matter said. The Northfield, Illinois-based company and its private equity owners are in early-stage talks with banks about a potential listing as soon as the spring of…
