With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.
Net profit of 19 listed banks is likely to decline by 4 per cent year-on-year (Y-o-Y) for the quarter ended March (Q4FY25) mainly due to pressure on net interest margins (NIM) as a result of rate cut by the Reserve Bank of India (RBI), according to analysts' estimates. Additionally, loan growth is expected to further slowdown amid low demand in certain secured products, stress in the unsecured segment, and a high cost to deposit (CD) ratio across the system.
Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government is likely to make such a proposal in the form of an amendment to the Finance Bill 2023 in the Parliament, sources said.
Akasa Air's standalone net loss rose 18.7 per cent year-on-year (Y-o-Y) to roughly Rs 1,983 crore in 2024-25 (FY25), driven by rising employee costs, aircraft maintenance and airport charges, and a sharp increase in foreign exchange (forex) expenses, sources privy to the development told Business Standard.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
'Amaravati will be a game changer for Andhra Pradesh.'
'More investors now view the stock market as a valuable opportunity, though many still seek quick gains, leading to a rise in futures and options trading.'
Few finance ministers announce any taxation measure that could upset the stock market. Ms Sitharaman decided to take that risk, observes A K Bhattacharya.
'Expect India to keep doing well irrespective of geopolitics.'
The fear of losing purchasing power due to inflation and low-interest rates has led many to explore safe alternatives to fixed deposits with high returns
'Going forward, the encouragement would be to move to the new tax regime.'
Amazon India has launched Amazon Diagnostics, an at-home healthcare service that allows customers to book lab tests, schedule appointments and receive digital reports directly via the Amazon app. Initially available in six cities-Bengaluru, Delhi, Gurgaon, Noida, Mumbai and Hyderabad-the service covers more than 450 PIN codes and offers access to over 800 diagnostic tests.
Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) are very crucial. Here, we will help you understand how these tools can pave the way for a stress-free retirement.
From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.
Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.
Gold prices inched closer to the psychological mark of Rs 1 lakh per 10 grams as the bullion rates surged Rs 1,650 in the national capital on Monday on weak dollar and uncertainties over US-China trade war driving demand. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity reached Rs 99,800 per 10 grams on Monday. Its value had declined Rs 20 to close at Rs 98,150 on Friday.
Fine furniture is now about soul, not just status, whether it's a bar cabinet with elaborate French marquetry or a delicately curved Italian leather sofa.
Maruti, IndusInd Bank, Bajaj Finserv, Eternal, Mahindra & Mahindra, Tata Steel, Kotak Mahindra Bank, Titan, HDFC Bank, and NTPC were among the other major gainers. Bharti Airtel and Sun Pharma were the laggards.
'While investors believe in India's long-term growth story and resilience amid global uncertainty, they see near-term risks around the direction of a global trade war.'
Dhoni himself addressed the retirement rumours in a latest podcast after speculation of his retirement from IPL intensified, when his parents Pan Singh and Devaki Devi were seen at Chepauk for CSK's match against Delhi Capitals on Saturday.
New 'Captain Cool' in Town: Shreyas Iyer could be the leader India needs
'Skirmishes with officials in the Press Information Bureau were an everyday affair as the newspapers sought clearances from the media censors for publishing the next day's editions'
Three industry bodies suggested changes in India's tax regime in their pre-Budget discussions with Revenue Secretary Sanjay Malhotra in New Delhi on Tuesday. The bodies - Confederation of Indian Industry (CII), PHD Chamber of Commerce and Industry (PHDCCI), and Federation of Indian Chambers of Commerce & Industry (FICCI) - held separate meetings with Malhotra during the day and put across their suggestions for the upcoming Budget.
An Ayurveda practitioner-turned-criminal, 67-year-old Devender Sharma was convicted in multiple murder cases and was notorious for dumping his victims' bodies in the crocodile-infested waters of Hazara Canal at Kasganj in Uttar Pradesh.
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
State Bank of India was the biggest gainer in the Sensex pack, rising 4.24 per cent, followed by Tata Steel, Axis Bank, Maruti, NTPC, PowerGrid, ITC and Nestle India. Reliance jumped 1.15 per cent to end at Rs 2,962.60 apiece on BSE.
CSK head coach Stephen Fleming said Mahendra Singh Dhoni is 'still going strong' and putting an end to the former skipper's run in the IPL is not a role assigned to him.
IMAGES from the IPL match between Gujarat Titans and Delhi Capitals in Ahmedabad on Saturday
rediffGURU T S Khurana answers readers' personal income tax queries.
'2025 is the year to build a portfolio for the future. Focus this year should be on valuations and visible growth.'
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
'This is also a time when you realise that short-term trading and dabbling in derivatives may result in financial losses.'
A court in New Delhi has sent Tahawwur Hussain Rana, the mastermind behind the 2008 Mumbai terror attacks, to 18 days of National Investigation Agency (NIA) custody. The court cited the need for sustained interrogation to uncover the extent of the conspiracy and the involvement of multiple targets across India, including New Delhi. Rana, a Pakistani-origin Canadian businessman and close associate of 26/11 conspirator David Coleman Headley, was extradited to India after the US Supreme Court dismissed his review plea against his extradition.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
An Indian delegation led by the BJP's Ravi Shankar Prasad will tour key European capitals to expose Pakistan's role in cross-border terrorism and State-sponsored extremism.
Gold future prices sustained upward trend for the fourth straight session by surging Rs 2,048 to hit a fresh record high of Rs 100,000 per 10 grams as investors rushed to safe havens after US President Donald Trump indicated plans to overhaul Federal Reserve amid continuing global trade war jitters. On the Multi Commodity Exchange (MCX), the August delivery contract of the yellow metal bounced by Rs 2,048 or 2.1 per cent to hit a fresh peak of Rs 100,000 per 10 grams in the mid-session trade.
A new schedule has been added to report income from cryptocurrencies and other Virtual Digital Assets.
'but in my mind, it was just about going out there and giving myself a few balls and just getting used to the speed of the game again and the atmosphere.'
This is the first time that Mahendra Singh Dhoni's parents Pan Singh and Devika Devi have attended a match in the stadium to watch him play.
Nestle, Titan, ICICI Bank, Tata Steel, IndusInd Bank, ITC, JSW Steel and State Bank of India were the other laggards. Among the gainers, Tata Motors jumped nearly 6 per cent. Larsen & Toubro, Sun Pharma, Kotak Mahindra Bank, Bajaj Finance and Power Grid also ended in the positive territory.
