The FinTech Hub
Source: Live Mint “This tax is as high as 35%, the same as what people earning above ₹1 crore pay,” said Harsh Roongta, founder of Fee Only Investment Advisers. How so? That’s because of compulsory contributions to state insurance schemes and pension funds that are “akin to a tax” because of the difficulty in accessing…
Source: Live Mint Infra, reforms road map with jobs focus likely today According to officials, the centre may announce its roadmap, which would include investment and support for sectors like infrastructure, agriculture, SMEs/MSMEs, manufacturing, and skill development thus creating more employment opportunities for the citizens of the country. 5 min read06:15 AM IST Read Full…
Source: Live Mint Trafiksol ITS Technologies IPO listing: Shares of Trafiksol ITS Technologies, which were supposed to make their D-Street debut on the bourses today, September 17, 2024 on BSE SME has been posponed. “The listing of equity shares of Trafiksol ITS Technologies Limited for September 17, 2024 has been postponed till certain queries that…
Source: Live Mint Nifty 50 Stock Price Live Updates: At 08:30 Nifty 50 was trading at 25390.15 (0.13%). Today Nifty 50 has been trading in the range of 25445.7 to 25336.2. Nifty futures are at 25442.75 (0.0%) & with an open interest change of -3.0% which indicates Price Increase is due to short sellers covering…
Source: Live Mint Is it true that non-resident Indians (NRIs) can no longer avail of the indexation benefit, while residents still can?—Name withheld on request Vide The Finance (No. 2) Act, 2024, there have been significant revisions to the scheme of taxation for capital gains. Taxpayers can continue to use the fair market value as…
Source: Live Mint F&O ban list: The National Stock Exchange (NSE) banned trading in ten stocks on Tuesday, September 17, in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL). However, these stocks will be available for trading in the cash market. The NSE updates the list of…
Source: Live Mint I am a US citizen and have stayed there for more than 25 years. I have now retired and returned to India in May 2024. I will start receiving social security benefits from the next calendar year. Do I need to include this income in my Indian income tax return?—Name withheld on…
Source: Live Mint Stock Market Today: The benchmark indices Nifty-50 index and the S&P BSE Sensex traded in a narrow range throughout the day on Monday, though with a positive bias as Sensex also scaled all-time highs of 83,184.34 on Monday. The Sensex ended the day at 82,988.78, up 97.84 points or 0.12%. Nifty-50 Index…
Source: Live Mint Nuvama Institutional Equities, a brokerage firm, has maintained its ‘buy’ rating on Kajaria Ceramics stock and revised the target price to ₹1,754 from the previous ₹1,683. This update comes in light of the sector’s recovery and increased demand driven by a resurgence in real estate. According to Nuvama, following their recent meeting…
Source: Live Mint The initial public offering (IPO) of Pelatro was 0.43 times subscribed as of 5:00 p.m., with the Retail Investors’ portion booked at 0.79 times and the Non-Institutional Buyers’ portion at 0.18 times, according to data from Chittorgarh.com. The IPO received bids for 798,600 shares out of the 1,876,800 shares on offer. The…
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