Market experts indicate that volatility is expected to persist short-term. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Wednesday but the market quickly moved to the green territory. While Nifty50 was above 24,850, BSE Sensex was marginally up. At 9:21 AM Nifty50 was trading at…
MUMBAI: The mutual fund space is seeing two new entrants. While Reliance Jio-BlackRock’s joint venture received Sebi approval to launch an asset management company (AMC), South Africa-based Sanlam joined Shriram Asset Management as a co-promoter with a strategic investment.Jio Financial Services and US-based BlackRock’s 50:50 JV-Jio BlackRock Asset Management-was cleared by Sebi to operate as…
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, ITI, Minda Corp, and BLS International are the top stocks to buy today:ITI LTD: BUY NEAR ₹304 | Stop Loss: ₹265 | Target: ₹370 (Positional)ITI Ltd has witnessed a strong breakout…
New Delhi: India has agreed to slash import duty only for “premium” cars and has fixed the number of vehicles that will get the benefit of lower levies, a senior UK official said on Tuesday. Under the agreement, which is expected to be implemented after a green light from the British Parliament, India will lower…
India’s foreign direct investment (FDI) inflows declined by 24.5 per cent year-on-year to $9.34 billion in the January-March quarter of 2024-25, according to government data released on Tuesday. The corresponding figure for the same quarter last year was $12.38 billion. Despite the quarterly drop, the country recorded a 13 per cent rise in total FDI…
NEW DELHI: The income tax department has extended the deadline for filing of tax returns by individuals from July 31 to Sept 15 in the wake of several amendments to the law, which have necessitated revisions in the notified ITRs for this assessment year, requiring the authorities to rework the technology platform, among other things.“The…
Indians sending money from the US back home may have to pay a 3.5% remittance tax. US President Donald Trump’s ‘The One Big Beautiful Bill’ may actually turn out to be ugly for Indians living in the US. By 2026, Indians sending money from the US back home may have to pay a 3.5% remittance…
Life Insurance Corporation of India (LIC), the country’s largest insurer, has reported a robust 38% rise in its net profit to Rs 19,013 crore for the fourth quarter ending March 2025, compared to Rs 13,763 crore in the same period last year. The surge in profit was attributed to a reduction in management expenses. However,…
IndiGo is facing penalties exceeding Rs 2.76 crore from customs authorities in Ahmedabad and Chennai, but the airline has confirmed it will challenge the demands. In regulatory disclosures on Tuesday, IndiGo said it received penalty orders of Rs 2.20 crore from the Principal Commissioner of Customs in Ahmedabad and Rs 56.2 lakh from the customs…
India-US are in talks for trade deal (AI image) A successful bilateral trade agreement between India and the US could transform current challenges into economic opportunities by expanding market access and boosting exports, according to the Finance Ministry’s Monthly Economic Review released on Tuesday.The report comes amid ongoing negotiations between the two nations, with an…
