Certain life situations, such as employment gaps or emergencies like the COVID-19 pandemic, can create significant financial stress. This can be especially challenging for those motivated to pursue new ventures, such as starting a filmmaking project, only to be held back by financial concerns. Unexpected expenses can further complicate matters. When considering personal loans, many…
Photo used for representation purpose only. Growth in India’s Gross Goods and Services Tax (GST) collections slumped to a 40-month low of 6.5% in September, yielding revenues of ₹1,73,240 crore, about 1% lower than the tally in August. Net GST receipts, after adjusting for refunds made to taxpayers, were 3.9% higher than a year ago,…
Target: ₹496 CMP: ₹370.40 Integrated pharmaceutical major with capabilities across the value chain, Biocon is a leading integrated global pharmaceutical company with a comprehensive presence across the entire value chain, encompassing research and development (R&D), manufacturing, and marketing. The company boasts a geographically diverse revenue base, drawing from markets including the US, EU, India, and…
A Cash Deposit Machine or Automated Deposit-cum- Withdrawal Machine (ADWM) — is an ATM-like machine that enables depositors to deposit cash into their accounts using the ATM-cum-debit card. One can use this machine to immediately credit their account without visiting the branch. The transaction receipt gives an updated account balance. Meanwhile, it is vital to…
According to exchange data, equities worth ₹9,791.93 crore were sold by FIIs on Monday, September 30, 2024, while Domestic Institutional Investors DIIs purchased equities valued at ₹6,645.80 crore. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty edged lower on Tuesday (October 1, 2024), extending the losing run to the third day amid profit-taking…
Lloyds Engineering Works Limited (LEWL) announced today that it has received orders exceeding ₹59 crore for steel eco-pickling systems and marine loading arms. The bulk of the order, worth ₹50 crore, is for eco-pickling systems, while the remaining ₹9.3 crore is for marine loading arms. The shares of Lloyds Engineering Works Limited (LEWL) were trading…
Right outside Fernandes’s home is a poster of a woman who passed away recently. It grabs his attention each time he opens his gate. His eyes are then drawn to one of his favourite possessions, his bicycle, long unused, which reminds him of happier days. Now, he can barely pick up his phone without using…
The dollar index, which measures the dollar’s strength against a basket of six currencies, increased by 0.27% to reach 100.79. File | Photo Credit: Nagara Gopal The rupee stayed in a narrow range and settled 3 paise lower at 83.82 (provisional) against the U.S. dollar on Tuesday (October 1, 2024) amid subdued equity markets, unabated…
The Indian stock market ended marginally lower on Tuesday, October 1, 2024, after a volatile trading session marked by sector-specific movements. The benchmark Nifty 50 index closed at 25,796.90, down 13.95 points or 0.05 per cent, while the BSE Sensex settled at 84,266.29, shedding 33.49 points or 0.04 per cent. Despite the subdued performance of…
Union Finance Minister Nirmala Sitharaman announced income tax changes in the Union Budget 2024, with certain updates scheduled to take effect from October 1. These crucial proposals, approved in the Finance Bill, include revised TDS rates that will be implemented on that date. What is Tax Deducted at Source (TDS)? TDS is the method of…
