'Once filed, it cannot be revised or rectified.'
For investors who missed the initial IPO frenzy, the market correction is an opportunity to selectively invest in promising names, but patience and careful evaluation remain the key.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
Cooking gas or Liquified Petroleum Gas (LPG) price has been raised by Rs 50 per cylinder by distribution companies, Union Oil Minister Hardeep Singh Puri said on Monday.
The rupee declined 22 paise to 87.41 against the US dollar in early trade on Thursday after the latest tariff announcements from the US weighed on emerging currencies, including the rupee. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar.
Once the income has been classified as either business income or capital gains, be consistent.
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.
Roads, railways, and coal together are likely to account for 70 per cent of the government's takings from the upcoming second edition of the National Monetisation Pipeline (NMP), set to run from FY26 to FY30. In comparison, these three sectors are estimated to have contributed 66 per cent in the first edition of the NMP - FY22 to FY25.
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The Uddhav faction was shocked to see Pawar felicitate Shinde with an award.
The National Investigation Agency (NIA) has begun questioning Tahawwur Hussain Rana, the mastermind behind the 2008 Mumbai terror attacks, to uncover the larger conspiracy behind the deadly strikes. Rana, who was extradited from the US, is being held at the NIA headquarters in New Delhi. The interrogation is focused on his possible connection with the Lashkar-e-Taiba (LeT) and his suspected links with the Pakistani spy agency Inter-Services Intelligence (ISI).
Virat Kohli faces SM ire over the price of bhutta served at his restaurant.
Confronted by outrage in Greenland, the US has scaled down a proposed visit to the island.
This will bring down capital gains especially in case of property transactions.
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.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
'Investors with foreign currency-denominated goals, such as foreign education or foreign travel, should go for US equity funds.'
India on Saturday delivered 15 tonnes of relief materials to Myanmar under its 'Operation Brahma' that was launched after a powerful earthquake hit the neighbouring country as well as Thailand.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
The birth anniversary of Dr Bhimrao Ramji Ambedkar, whose political influence has surged with the passage of time, on Monday was marked by bitter trading of charges between the ruling BJP and opposition parties as they fought for his legacy.
Joburg Super Kings and Pretoria Capitals claimed crucial victories over Durban's Super Giants and Sunrisers Eastern Cape respectively in the Betway SA20.
Invest in bonds and another property to save tax on capital gains.
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.
Fundraising by Indian corporates through equity and debt reached all-time high in the calendar year 2024, according to primedatabase.com. The overall public equity fundraising stood at Rs 3.7 trillion in 2024, a rise of 159 per cent from Rs 1.4 trillion in 2023. If Rights Issues of Rs 25,973 crore were to be added, the overall equity fundraising would touch nearly Rs 4 trillion in 2024.
From the Sensex stocks, Power Grid, NTPC, HDFC Bank, Nestle India, Adani Ports and Special Economic Zone, Maruti Suzuki India and Reliance Industries were the major gainers. In contrast, Mahindra and Mahindra, Tata Steel, Bajaj Finserv, State Bank of India, Larsen & Toubro and Tata Motors were the laggards.
Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures
'They are ideal for short-term financial goals like children's education or a down payment for a house.' 'They are also useful for transitional savings, such as during job switches or while starting a business.'
10 largecaps stocks which stand to gain from the Budget.
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.
AAP national convenor Arvind Kejriwal will meet Punjab Chief Minister Bhagwant Mann, state ministers, and party MLAs in Delhi on Tuesday amid growing speculation about internal dissent in the party's Punjab unit following AAP's rout in the Delhi Assembly elections. The meeting is expected to focus on analyzing the Delhi election results and strategizing for the Punjab polls scheduled in 2027. The AAP's Punjab unit has faced questions about internal cohesion, with some suggesting that the party's leadership in Delhi continues to exert significant influence over Punjab's governance. There are also speculations that Kejriwal could consider a more direct role in Punjab politics now, with some political observers suggesting that he could contest from the vacant Ludhiana assembly seat.
The hospitality industry has around 212,000 rooms, with an industry size of about Rs 82,000 crore. The industry could grow at an annual rate of 10.5 per cent for the next three financial years, despite a quiet Q1FY25. The demand will be driven by domestic travellers, who will contribute roughly 50 per cent of the growth, while foreign tourists will account for 30 per cent.
Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.
'If the markets correct further, PSU stocks could continue to decline.'
Net flows from domestic institutional investors crossed Rs 5 trillion for the first time during a calendar year.
'Market corrections are a natural part of investing, so it's essential to remain focused on long-term financial goals.'
Bajaj Finance, Bajaj Finserv, NTPC, State Bank of India, Power Grid, HDFC Bank, Tech Mahindra and Asian Paints were the other gainers. However, Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards.
Tesla needs to either sell the same models with reduced features to lower the cost for Indian market, or incur losses.
India's biggest telecom players, Bharti Airtel and Reliance Industries-backed Jio Platforms, will soon bring billionaire Elon Musk-led SpaceX's Starlink satellite services to India. According to analysts, the move could boost India's tele density, especially in the rural areas, and may be an opportunity for investors to add the two stocks on dips for long-term gains
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