Nippon India Asset Management Company reported that its June quarter net profit was up 41 per cent to ₹332 crore against ₹236 crore logged in the same period last year, on better operational performance. Also read: Nippon Life India AMC net up 73 per cent in Q4 Income increased 35 per cent to ₹636 crore…
Taxpayers are entitled to claim a rebate under section 87A of the Income Tax (I-T) Act, 1961, which enables them to pay ‘nil’ tax when their income is up to ₹5 lakh in the old tax regime and ₹7 lakh in the new tax regime. However, a number of taxpayers and chartered accountants have expressed…
Of late, there have been many voices predicting a big crash, given the unrelenting rise in stock prices, and lofty valuations. Some quote Harry Dent, a financial author and economist who, in a recent interview to Fox News, said: “we’re in for a financial crash bigger than the Great Recession.” Dent said the “everything” bubble…
Centrum Broking Target: ₹1,875 CMP: ₹1,768.45 Havells India’s sales growth was healthy at 20 per cent y-o-y to ₹5,800 crore, 3 per cent above our estimate, largely driven by Lloyd (+47 per cent y-o-y) and ECD (+20 per cent y-o-y led by fans and air-coolers) amid strong summer season. Gross margin rose 150 bps y-o-y…
Mumbai: Financial technology companies have a long list of demands and expectations from the upcoming Union Budget, such as investments in digital public infrastructure, GST exemption for business correspondent (BC) outlets, and a fee structure for UPI payments. “We strongly urge the finance minister to prioritise pivotal solutions such as enhancing digital infrastructure, financial literacy…
A logo of RBI inside its office in New Delhi. File | Photo Credit: Reuters Microsoft said on July 19 that it is investigating a host of issues with Azure in the Central U.S. region, but users in India, and globally, are also raising complaints. Also Read: Microsoft Outage LIVE The outage has caused disruptions…
Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in Parliament on July 23. The full-year Budget will follow an Interim Budget presented in February due to general elections. Anil Ghelani, Head of Passive Investments and Products at DSP Mutual Fund, believes that the government will focus on executing projects rather…
Image used for representative purpose only. | Photo Credit: REUTERS The rupee consolidated in a narrow range and depreciated 3 paise to close at its all-time low of 83.66 (provisional) against the U.S. dollar on Friday, weighed down by strong American currency and muted trend in domestic equities. Forex traders said weak domestic markets and…
Nomura on Infosys Buy Call, Target Raised To Rs 1,950 Q1FY25 Was An All-round Beat Surprise Revenue Guidance Driven By Strong Start, Deal Wins, & Acquisition Integration Project Maximus’ Impact On Margin Continues To Play Out Raise Our FY25-26 EPS By Nearly 2-3%, Reiterate As Top Pick Jefferies on Infosys Buy Call, Target Raised To…
Smarak Swain is an officer of the 2008 batch of the Indian Revenue Service (IRS) and currently director of the FATF Cell at the Department of Revenue. He is the author of numerous fiction and non-fiction books such as The Great Indian Fraud and The Hawala Agent. The latest of these is Digital Fortunes, which analyses new-age platform…
