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Source: Live Mint Indian stock market has been experiencing sustained selling pressure from Foreign Institutional Investors (FIIs), who offloaded more than ₹1 lakh crore in domestic equities during October alone. This significant outflow has drawn strong reactions from investors and analysts alike. Renowned fund manager and Helios Capital founder, Samir Arora, also commented on the…
Source: Live Mint Top News India’s Goods and Services Tax (GST) collections in October 2024 demonstrated substantial growth, achieving an 8.9% year-on-year increase to reach ₹1.87 lakh crore. This strong performance is indicative of the economic momentum sustained by domestic consumption and imports, contributing to an overall 9.4% growth in GST collections for the year,…
Source: Live Mint I plan to opt for the new tax regime when filing my ITR for AY 2025-26. Currently, I am on the old tax regime, so the 12% of my salary to the Employee Provident Fund (EPF) will continue through the rest of the financial year. Is it correct that I cannot claim…
Source: Live Mint The primary market is set to see significant activity beginning November 4, with four mainboard IPOs, including the anticipated Swiggy IPO, scheduled to launch on Dalal Street. Additionally, the SME segment will have one IPO opening next week. In October, the Indian stock market faced a substantial sell-off, with the Nifty 50…
Source: Live Mint There is a fundamental difference between financial investment products and other conventional products we consume. Investments have no ‘product’ with a look and feel. You are sacrificing your current consumption, expecting to get back a higher amount in future. An investment ‘product’ is created by a manufacturer through the brochure/other literature, and…
Source: Live Mint PIB Fact Check: The government’s Press Information Bureau (PIB) has warned unsuspecting customers to be aware of a ‘SBI Rewards’ scam being used by fraudsters. In a post on social media platform X (formerly known as Twitter), the PIB Fact Check account warned users “never to download unknown files or click on…
Source: Live Mint The combined market capitalisation of six of the top-10 most-valued companies soared by more than ₹1 lakh crore last week, which saw a special Diwali Muhurat Trading session on November 1. Last week, the benchmark BSE Sensex rose 321.83 points, or 0.40%. Despite last week’s gains, the Sensex and Nifty 50 are…
Source: Live Mint If you are an active investor and often earn gains on the sale of your securities, bonds or mutual funds, you should be mindful of the tax rate that applies on these transactions. The gains accruing on the sale of assets is taxed under what is known as capital gains tax regime….
Source: Live Mint Buy or sell: The Nifty 50 index wrapped up the week at 24,304, reflecting notable volatility as traders navigated through market dynamics. As the monthly expiry approached, a short covering rally provided a brief respite, enabling the index to bounce nearly 500 points and reaching nearby resistance levels around the 24,700-24,800 zone….
Source: Live Mint Gold And Silver Prices Today: Gold prices observed a slight decrease on Sunday. The cost of 24 carat gold is Rs.8057.3 per gm, down by Rs.150.0. The cost of 22 carat gold is Rs.7382.3 per gm, down by Rs.190.0. The price change in 24 carat gold over the past week has been…
