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Source: Live Mint Citigroup Inc. upgraded Indian stocks to overweight from neutral, while turning underweight on equities in Southeast Asia. There is “meaningful upside” in Indian equities amid “less demanding” valuations, Citi said in a note. The benchmark NSE Nifty 50 Index may rise to 26,000 by the end of December, according to strategist Surendra…
Source: Live Mint Artificial intelligence (AI) and its applications cannot fully replace people, Nandan Nilekani believes. And that’s because “mechanistic” process is unable to replicate “uniquely human” qualities, the Infosys co-founder said. Speaking to Moneycontrol at an AIMA event, Nilekani stated that AI will never replace human skills such as collaboration, creativity, empathy and leadership…
Source: Live Mint The government is contemplating rolling out a system to route and settle interest subsidies on education loans through digital currency wallets, Economic Times reported quoting bank executives aware of this. A system is being worked out to integrate the Central Bank Digital Currency (CBDC)-based subsidy system with the Unified Portal for Education Loan, one of the…
Source: Live Mint ITR filing 2025: The decision between the old and new tax regimes hinges on thoroughly understanding the available benefits. While the new tax regime is often characterised by its simplified slabs and lower rates, it doesn’t entirely eliminate opportunities for tax planning. By examining the remaining provisions, such as the standard deduction,…
Source: Live Mint The IPO of Nukleus Office Solutions, which opened for bidding today, February 24, saw moderate investor interest, with the issue being subscribed 0.13 times as of 2:00 a.m., according to exchange data. The retail investor segment was subscribed 0.14 times, while the non-institutional investor (NII) category received a 0.01 times subscription. The…
Source: Live Mint The event horizon is a boundary that marks the outer edge of black holes, the point from which nothing can escape – not even light. AI singularity refers to when artificial intelligence (AI) surpasses human intelligence, leading to rapid, unpredictable technological growth – it’s known as artificial general intelligence, or AGI. Hence,…
Source: Live Mint Credit card frauds are on the rise in India, and most of them are happening through internet transactions. Rapid digitalization of payment services is also a crucial factor facilitating: credit card scams, loss of funds and identity thefts through numerous fraudulent transactions. There are some legal rights of the Indian citizens to…
Source: Live Mint HealthCare Global share price jumped 7% on Monday after global investment firm KKR announced to buy a majority stake in the company. HealthCare Global shares spiked as much as 7% to a high of ₹535 apiece on the BSE. KKR has signed a definitive agreement to acquire up to 54% stake in…
Source: Live Mint I read online that to claim a tax refund under the proposed Income Tax law, the income tax return needs to be filed within the original given due date. If it is not filed within that date, a refund cannot be claimed even if the income tax return is filed on a…
Source: Live Mint Adverse tax assessments by tax authorities often result in additional tax liabilities, commonly known as “tax demand.” Under the Income-tax Act (IT Act), taxpayers must pay the tax demand within 30 days of receiving the demand notice. While they have the right to challenge an adverse order before a higher forum, the…
