'India's sizeable foreign exchange reserves should serve as a buffer.'
Other losers were Tata Motors, Bharti Airtel, HCL Tech and Bajaj Finance, shedding up to 3.51 per cent. The broader NSE Nifty too tumbled 73.50 points, or 0.63 per cent, to settle at 11,588.35.
By 2025, Uber projects that 25,000-30,000 cars -- or 12 to 16 per cent of vehicle additions -- would be EVs, reports Surajeet Das Gupta.
The G20 declaration, which hit snags on the language to describe the Ukraine war, amounted to a 'coup' for host Prime Minister Narendra Modi though the final compromise statement reflected a stand far softer than those the United States and its Western allies have adopted on Russia, the world media said on Sunday.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.
'Should we shortchange our investors by exiting early?'
Though dominating Pakistan on home soil, Australia have not beaten them away since the 2002/03 series played in Sri Lanka and the United Arab Emirates.
Younger cheetahs that are habituated to management vehicles and human presence are preferred candidates for relocation to India, international experts involved in Project Cheetah have told the government based on lessons learnt from the initial experience in Madhya Pradesh's Kuno National Park.
'India's specific concerns about whether Russia will be a reliable defense supplier and diplomatic partner in the event of heightened hostilities with China has undoubtedly accelerated the process of US-India defense and intelligence cooperation intended to support Indian military positions along the Line of Actual Control.'
The open offer is slated to commence on June 17 and close on June 28
With the banking regulator lifting restrictions on HDFC Bank's digital initiatives, the largest private sector lender is now girding up to launch a clutch of customer-facing applications (apps), which will act as stepping stones in its journey to morph into a technology (tech)-led bank from a conventional one. Following repeated outages in its digital offerings, the Reserve Bank of India (RBI) had barred HDFC Bank from issuing new credit cards in December 2020 and prevented it from going ahead with its digital launches. The embargo on issuing credit cards was lifted in August 2021 and the ban on digital launches was lifted last week.
Alleging that the BBC has been biased against India and the Indian government, the plea alleged that its documentary on Prime Minister Narendra Modi is a 'result of deep conspiracy against global rise of India and its prime minister'.
Reacting to Musk's letter, Twitter's board chair Bret Taylor said on Saturday that they will file a lawsuit against the Tesla chief to 'force him to buy the social media company on the agreed terms'.
Billionaire Gautam Adani's group on Monday listed out details of the $2.87 billion stake sales in group firms since 2019 and how $2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'. While investors such as Abu Dhabi-based global strategic investment company, International Holding Company PJSC (IHC) invested $2.593 billion in group firms such as Adani Enterprise Ltd and Adani Green Energy Ltd (AGEL), promoters sold stake in Adani Total Gas Ltd and AGEL to raise $2.783 billion. "These funds were reinvested by promoter entities to support the growth of new business and in portfolio companies such as Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Adani Transmission Ltd and Adani Power Ltd," the group said.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A sharp decline in crude and strengthening of the rupee added to the buoyancy.
The sentiment around Indian equities remains positive and unchanged.
If a couple is registered as joint owners of a property, the tax authorities expect both of them to show their income or capital gains from the house in their tax returns, says Arvind Rao, a chartered account and certified financial planner
SBI was the top laggard in the Sensex pack, dropping over 5 per cent, followed by Sun Pharma, Maruti, Bajaj Finance, Tata Steel, Axis Bank and ICICI Bank. On the other hand, IndusInd Bank, Hero MotoCorp and PowerGrid were among the gainers.
ICICI Bank launched its 'Power of Belief' campaign in December.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Short sellers may capitalise on the weak sentiment owing to the dispute between co-founders Rana Kapoor and Madhu Kapur.
Union minister Anurag Thakur on Saturday appealed to the youths protesting against the Agnipath scheme to shun violence and come forward for talks, asserting that the government is ready to look into their grievances with an 'open mind' and make changes 'if required'.
The ruling Bharatiya Janata Party managed to notch up a morale-boosting win on its 'Mission Northeast' on Thursday by retaining Tripura emphatically, despite anti-incumbency and newcomer Tipra Motha playing spoilers to its party, while also piggy-backing to power in Nagaland on Neiphiu Rio-led NDPP's shoulder.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
'The Citizenship Amendment Bill is a classic case of short-term gain over-riding long-term interest. 'We must welcome all persecuted minorities from our neighbouring countries and not just Hindus, Sikhs, Christians and Buddhists,' says Colonel Anil A Athale (retd).
The question of tax concession arises only in the case of short-term capital gains, as a long-term holder of Satyam shares would, in fact, be incurring loss, as the scrip plummeted after the company's disgraced founder Ramalinga Raju confessed to fudging of accounts. Since the gains would be made only in case of those who would have bought the shares recently, the sources said such shareholders would have to be taxed, as they made a killing in the stock market.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
'Washington appears to be playing the long game, and making the argument to India that over the longer term, Russia -- sanctioned, cash-strapped, isolated by the West -- will no longer be a viable defence partner for India'
The gig economy can serve up to 90 million jobs in the non-farm sectors in India with a potential to add 1.25 per cent to the GDP over the "long term", a report said on Tuesday. The gig economy, where workers get hired typically for short durations, can lead to transactions of over $250 billion over the long term, the report by the consultancy firm BCG said. The firm said gig economy is not a new concept but has seen greater adoption following the advent of technology.
The recent three-bank merger seems to be grossly negative for Vijaya Bank and Bank of Baroda in the short term, as the negative net worth of Dena Bank will have to be absorbed by the merged entity
'For the politics of patronage in West Bengal, it has always been important to have territorial control.'
Chief Justice of India (CJI) D Y Chandrachud on Tuesday said the greatest challenge before the Indian judiciary is to eliminate barriers to accessing justice and make sure that the judiciary is inclusive and accessible to the last person in the line.
Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
Though the Congress, AAP and other Opposition parties may have high hopes and some positive takeaways to seize on from the results, it is the BJP which has a big headstart and is firmly in the lead.
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