The government informed Parliament on Monday that the Securities and Exchange Board of India (Sebi) received representations over the market fall on June 4âthe day the Lok Sabha election results were announced. However, the market regulator has no specific information on any ‘unfair trading’ that took place in the stock market on that day, which…
The Income Tax Department on Monday cautioned against a news clipping of Sandesh news being circulated on social media claiming âextension in deadlineâ for the ITR filing 2024. The I-T department informed that no such extension has been granted and suggested that tax payers follow updates from the official website or portal of Income Tax…
Sometimes, there is a medical or other financial emergency wherein you pay the amount with your credit card. But what if you donât have the money to pay the outstanding amount when the monthly bill is generated? Should you convert it into a personal loan with EMIs that are easy on the pocket? Let us…
Taxpayers are expecting stab-rate changes and higher deductions in the old tax regime ahead of the 31 July deadline for filing income tax returns, but Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India believes the old tax regime could be discontinued in phases. While he is not in favour of offering…
The Economic Survey 2024 has raised concerns over the increasing trend of speculation in the Indian stock market, cautioning that overconfidence among investors could lead to unrealistic expectations of returns, misaligned with actual market conditions. “Possibility of overconfidence leading to speculation for higher returns from the stock market is a matter of concern,” the survey…
These assets, which include uncollected shares, dividends, mutual funds, and more, pose a substantial burden that is made worse by problems like insufficient knowledge, out-of-date information, and ineffective administrative procedures. Notwithstanding these obstacles, nascent technologies such as blockchain and artificial intelligence (AI) have prospects for expediting the detection and retrieval of these misplaced assets. This…
Have you ever wondered, âWhere did all my money go?â and âHow should I plan my savings?â and found yourself spiralling into anxiety? Financial stress is a common struggle that can affect anyone, regardless of income level. Constant worry about unexpected expenses or debt can affect your mental well-being. It’s important to recognize the signs…
Despite the constant introduction of new investment opportunities each year, particularly by asset management companies (AMCs) launching new fund offers across different categories and themes, high-interest fixed deposits (FDs) remain a steadfast attraction for both young and old investors alike. The enduring appeal of FDs, despite their age-old concept, underscores how even the most innovative…
Multibagger stock: Anant Raj share price surged over 12% on Monday’s session after the company’s wholly-owned subsidiary signed a Memorandum of Understanding (MoU) with American global technology giant Google LLC. Under this agreement, the company will be in charge of delivering data centre infrastructure, DC managed services, and a cloud platform to a variety of…
Stock market strategy for Budget 2024: Despite the recent dip in the Indian stock market following weak global market cues on rising tension in the US-China trade war, there is still potential for growth. The Nifty 50 index was down over 125 points, the BSE Sensex nosedived around 400 points, and the Nifty Bank index…
