Reseñas

The Budget 2023-24 proposes an extension of tax benefits to funds relocating to IFSC, GIFT City till March 31, 2025. “For countries looking for digital continuity solutions, we will facilitate setting up of their Data Embassies in GIFT IFSC,” she said during Budget speech. At present, GIFT IFSC is the Continue Reading

The government is also looking to earn 7 paise out of every rupee from excise duty and 4 paise from customs duty. Income tax will yield 15 paise. The collection from ‘borrowings and other liabilities’ will be 34 paise, according to the Budget 2023-24.

The co-operative sugar industry of Maharashtra had been fighting a case with the income tax department about the categorisation of the payment made to the sugarcane farmers over and above the fair and remunerative price (FRP) fixed by the central government.

The PCR ratio for the near week expiry stands at 0.54 and for the next week expiry at 0.68. The overall writing data suggests negative bias as Call writing is higher than Put writing. The immediate or temporary bounce back cannot be ruled out as PCR ratio drops near to Continue Reading

Nirmala Sitharaman’s Budget announcements cheered Dalal Street bulls and analysts alike as most of them see it as delivering on all fronts. >> For more such web stories click on the ET icon below

The fees are equivalent to around 0.5% of the 200 billion rupees raised in Adani Enterprises Ltd.’s offering, said the people, who asked not to be identified as the information is private.

Had it not been for Adani Enterprises and Adani Ports, both of which are part of Nifty and not Sensex, weighing down the 50-share barometer, the index too would have ended on a positive note. Adani Enterprises, which ended 26.7% lower on NSE, contributed 49 points to the index’s downfall. Continue Reading

Shares of HDFC Life Insurance nosedived 12% to Rs 510.30, while SBI Life Insurance plunged 9% to Rs 1,119. The country’s largest life insurer Life Insurance Corporation of India (LIC) declined 5% to Rs 618.40. Max Financial plummeted 10% to Rs 752.10. PB Fintech dropped 7% to Rs 397.25.

“Pradhan Mantri Kaushal Vikas Yojana 4.0 will be launched to skill lakhs of youth within the next three years. On-job training, industry partnership, and alignment of courses with needs of industry will be emphasized,” the Finance Minister stated. She shared that the scheme will also cover new age courses for Continue Reading

Volumes are slowing down in this downside move which also indicates some pullback can be seen. Hence, one should wait for the stock to cross above the 345 level and then only buy this stock with a stop loss of 300 on a weekly closing basis on the upside, we Continue Reading