The Indian real estate sector has been experiencing a significant boom in the recent quarters driven by factors such as rapid urbanisation, policy reforms, increase in disposable income and a continuous growth in consumer sentiments. Last year, the sector registered remarkable progress, consolidating its position among various other sectors. With budget 2024 approaching, a strong…
People walk past the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: Reuters Indian shares opened lower on July 22, dragged by Reliance Industries and Wipro after both companies posted weaker-than-expected quarterly results, while volatility spiked a day before the Union Budget was due. The NSE Nifty 50 fell 0.55% to 24,398.75, while…
The fresh week will likely begin on a weak note for domestic markets. Gift Nifty 24,390 against Nifty August futures’ 24,670 indicates a sharp decline at open. Analysts said subdued results from Reliance Industries and Wipro will keep the market under pressure, though Kotak Mahindra Bank, HDFC Bank and Yes Bank came out with strong numbers. The focus will also…
Just like other industry players, fintech companies expect the government to strike a balance between reforms and fiscal prudence in Budget 2024. Some expect the government to slash TCS (tax collected at source) from 20 percent to 1 percent on international transactions, while some also expect the Union finance and corporate affairs minister Nirmala Sitharaman to streamline the…
The ₹510-crore initial public offering from plant-based speciality products company Sanstar saw an overwhelming response from retail and high net worth individuals on Day 1 of issue opening on Friday itself. The IPO, with a price band of ₹90 to ₹95 a share, was subscribed 4.16 times. The issue will close on July 23. The Ahmedabad-based…
A veteran’s path to a rewarding and peaceful retirement After nearly three decades in the advertising, media, and marketing industries, Dalveer Singh, 55, is preparing for a quieter retirement away from Mumbai’s hustle and bustle. The industry veteran, who held various leadership positions in his career, envisions securing a stable financial future during his sunset…
Results calendar: Allied Blenders, Beeyu Overseas, Cigniti Tech, Coforge, Cochin Minerals, Cyient DLM, Dharani Sugars, Digi Content, Dodla Dairy, Fortis Malar, Fortune Intl, Greenlam Industries, IDBI Bank, Indian Overseas Bank, IEL, Indo Credit Cap., Jai Mata Glass, Jana Small Finance Bank, Kiran Vyapar, Maharashtra Scooters, Mahindra Logistics, Moschip, MRPL, Nitin Spinners, Nupur Recyclers, Poly Medicare, Petro Carbon,…
Economic Survey Live 2024: Finance Minister Nirmala Sitharaman to table Economic Survey document in Parliament today. The Economic Survey is a comprehensive review or annual report of Indian economy during the closed financial year. Prepared by the Economics Division of the Department of Economic Affairs of the Finance Ministry under the guidance of the India’s…
My relative was diagnosed with a rare form of cancer requiring treatment of several lakhs. To support him, a few extended family members plan to create a corpus of ₹20 lakh to ensure a regular income stream to meet his basic expenses. Against this backdrop, kindly advise on the following: 1. Will the corpus we…
India’s garment exports in 2023-24 stood at $14.5 billion, compared with $15 billion in 2013-14. Image for representation purposes only. File | Photo Credit: M. Periasamy Exports from India’s labour-intensive garment sector, which have been losing ground to rivals like Vietnam and Bangladesh and were lower than 2013-14 levels last year, have been dented more by…
