Target: ₹672 CMP: ₹483.50 The Mumbai-based luggage maker, VIP Industries Ltd (VIP), is India’s largest and world’s second-largest luggage manufacturer. Its brands cater to the mass and premium segments of the demand pyramid, with products across a wide price range. Founded in 1968, by noted industrialist Dilip Piramal, has over the years nurtured the brand…
The gross GST collections in June stood at around ₹1.74 lakh crore. Image for representation purposes only. File | Photo Credit: Getty Images/iStockphoto The gross Goods and Services Tax (GST) collections in June stood at around ₹1.74 lakh crore, as per sources, reflecting a rise of around 7.7% from the ₹1,61,497 crore collected in June…
On June 27, the Rupee appreciated 12 paise to settle at 83.45 against the U.S. dollar. | Photo Credit: The Hindu The Rupee appreciated seven paise to settle at 83.38 (provisional) against the U.S. dollar on June 28 backed by renewed foreign fund inflows. Forex traders said the strength of the American currency in the…
IRDAI, which is known as the Insurance Regulatory and Development Authority of India recently launched some big changes in the health insurance space. IRDAI is an autonomous and statutory body responsible for managing and regulating the insurance and reinsurance industry in India. The regulator has introduced several key rule changes to empower policyholders, including reducing…
Bonds and stocks have delivered better returns than Bitcoin this quarter, raising the possibility that a crypto boom is running out of steam. Gauges of global equities, fixed income and commodities are all ahead of the largest digital asset, which has shed about 5 per cent from the start of April through 1:15 p.m. on…
As the Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2025 in July, several stakeholders have urged Finance Minister Nirmala Sitharaman to provide tax relief for salaried employees. The Union Budget 2024-25 is expected to be presented in Parliament on July 23 or 24. Budget expectations Salaried…
Benchmark Sensex rose by 443 points to close at a new record high while Nifty settled above the 24,100 mark on Monday on buying in banking and IT shares in line with gains in Asian and European markets. The 30-share BSE Sensex settled higher by 443.46 points or 0.56 per cent at an all-time high…
Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI RBI Governor Shaktikanta Das on Friday emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise. Delivering the inaugural address at the 18th Statistics Day Conference organised by the…
In the past four trading days, the BSE benchmark jumped 2,033.28 points or 2.63%. File. | Photo Credit: ANI Market benchmarks Sensex and Nifty halted their three-day record-hitting rally to close with losses on June 28 as investors booked profit in banking, finance and tech stocks despite a positive trend in global equities. Snapping a…
A recent survey conducted by Axis Mutual Fund nationwide showed an increasing number of women assuming control of their financial futures. This shift is significant because historically, investment decisions were predominantly male-dominated. The survey’s findings indicate a rising trend towards greater financial independence among women. The survey also highlights that women prefer mutual funds, which…
