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Source: Live Mint After Cabinet cleared it, the new income tax bill is set to be tabled in Parliament next week. The new bill is expected to reduce the number of sections by 25-30 percent to make the law simpler and more concise, Business Standard reported quoting an official without naming him/her. Even the provisos…
Source: Coin Tegraph Bitcoin at $350,000 and an $8,000 Ether price are “base cases” for Abra’s Bill Barhydt. Read Full Article
Source: Live Mint The primary market to be back in action with nine new initial public offerings (IPO) set to open for subscription next week. Apart from new public issues, the market will also witness six new listings in the upcoming week. In the mainboard segment, Ajax Engineering IPO , Hexaware Technologies IPO, and Quality…
Source: Live Mint However, the relaxations have reduced the tax advantages of equity investments for small and medium investors, especially those with annual incomes of up to ₹24 lakh. Historically, investors often chose equity investments like arbitrage funds and hybrid funds like balanced advantage funds for their preferential tax treatment compared to regular income. The…
Source: Live Mint The Q3 FY25 earnings season, which kicked off in January, has nearly come to an end. However, around 108 companies are set to declare their financial results for the December quarter next week. Eicher Motors, Nykaa, Hindalco, Patanjali Foods, Varun Beverages, IRCTC, Lupin, Vodafone Idea, Ashok Leyland, Hindustan Aeronautics (HAL), Honasa Consumer,…
Source: Live Mint Travel tech unicorn OYO recorded a profit after tax (PAT) of ₹166 crore in the third quarter ended December, up nearly six times from ₹25 crore in the year-ago period, sources said. The company’s revenue in the third quarter rose to ₹1,695 crore, growing almost 31 per cent from ₹1,296 crore a…
Source: Bitcoinist American rapper and record producer Kanye West has been in the news lately following his surprise appearance at the Grammys 2025. The hip-hop superstar has been actively posting on X, teasing a possible crypto collaboration with Coinbase CEO Brian Armstrong. ‘Crypto Yeezy’? In a February 7 post on X, West shared that he…
Source: Live Mint As Reserve Bank of India (RBI) has cut down repo rate by 50 basis points on Friday, triggering a rate cut cycle. Now, there is an expectation that banks would bring down the fixed deposit (FD) interest rates sooner than later. So, this could be your last chance to lock your savings…
Source: Bitcoinist The Bitcoin price is at risk of a further crash, having already dropped to as low as $91,000 earlier this week. Crypto analyst Dgtrd recently painted a picture in which the flagship crypto could still drop below $30,000. How Bitcoin Price Could Crash Below $30,000 In a TradingView post, Dgtrd shared an accompanying…
Source: Live Mint Private lending major HDFC Bank has increased its Marginal Cost of Funds-based Lending Rate (MCLR) for the overnight tenure by 5 bps from 9.15 per cent to 9.20 per cent. This is effective from February 7, 2025, according to the bank’s website. Rates for all other tenures are unchanged. Overall, HDFC Bank’s…
