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Source: Live Mint (Repeats story first published Friday with no changes to text) Fed widely expected to cut rates by 25 bps on Wednesday Some investors brace for “hawkish cut,” with Fed suggesting pause in easing cycle S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone NEW YORK, Dec 13…
Source: Live Mint Since April 2023, fresh investments in the growth option of debt mutual funds have been taxable at the marginal income tax rate for short-term capital gains (STCG). For most investors, this is 30% plus surcharge and cess. The dividend option, now called income distribution cum capital withdrawal (IDCW) option, was already taxable…
Source: Live Mint (Bloomberg) — OQ Base Industries fell in its trading debut after a $489 million initial public offering in Muscat, the latest in a series of Middle Eastern listings to experience poor early trading. Shares in the methanol and liquefied petroleum gas firm declined as much as 10% on Sunday. That was below…
Source: Live Mint Mobikwik IPO: A subscription rate exceeding 100 times for a mainboard issue is no small accomplishment. The IPO of One Mobikwik Systems, which opened for subscription on December 11 and closed on December 13, was oversubscribed nearly 120 times, with the stock soaring to a grey market premium (GMP) of ₹166. Three…
Source: Live Mint Multibagger IPO: An SME stock has delivered astonishing gains since its listing about nine months ago. Shares of Owais Metal and Mineral Processing have skyrocketed by as much as 1,245 per cent since March 4 this year, the day it debuted on the NSE SME platform. On December 13, the stock settled…
Source: Live Mint I have a few queries regarding income tax on gifting shares. Me (Arvind) => A; my brother’s wife => B; my friend => C 1. If A gift equity shares to B, what tax implication will A and B have? 2. If A lends shares to B by transferring them to B’s…
Source: Live Mint GNG Electronics, touted as India’s largest refurbisher of laptops and desktops and a leading player in refurbishing ICT (information and communication technology) devices, is gearing up to enter the primary market with plans to raise ₹825 crore. The electronics firm, on December 14, filed its draft red herring prospectus (DRHP) with the…
Source: Live Mint Here’s how much costs of some of the popular European residency programmes have escalated in recent years. Portugal The cost of Portugal’s Golden Visa, which allows you to apply for permanent residency after five years, has risen 78% from €280,000 ( ₹2.49 crore) to €500,000 ( ₹4.45 crore). There have been changes…
Source: Live Mint Buy or sell: Throughout the week, the Nifty index remained in a range-bound zone, oscillating between the 24,000 and 25,000 levels. The week began with a sideways momentum, indicating a lack of significant directional movement. As the week progressed, profit booking took place, which caused the index to dip towards the support…
Source: Live Mint Inventrus Knowledge Solutions IPO: The Inventurus Knowledge Solutions (IKS) IPO opened for subscription on December 12, 2024, and will close on December 16, 2024. The company aims to raise approximately ₹2,497.92 crores through this book-built issue, which includes a fresh issue component and an offer-for-sale of up to 1.87 crore equity shares…
