Representational image. | Photo Credit: REUTERS The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Thursday (November 14, 2024), weighed down by unabated foreign fund outflows and strong dollar demand from investors. Forex traders said the downward pressure on the USD/INR pair is largely driven…
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Benchmark equity indices bounced back in early trade on Thursday (November 14, 2024) after facing heavy correction in the last two trading days, amid massive buying by domestic institutional…
In 2022, the Indian government introduced a flat 30% income tax on gains from cryptocurrencies and Non-Fungible Tokens (NFTs). Investors riding the current rally should be aware of their advance tax and reporting obligations to avoid penalties under the Income Tax (IT) Act. With a 1% TDS deducted on sales of these virtual digital assets…
Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative. Mutual funds also allow a person to spread risk across market caps, sectors and asset classes, providing NRIs with professionally managed portfolios and…
India’s city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country’s brisk economic growth. Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms, it has raised questions about the structural…
After rallying relentlessly over the last few weeks, gold prices are on a slippery path as the rupee has weakened against the dollar. It is one of the few occasions when all the competing asset classes — equity, gold and rupee — are on a downslide on the back global uncertainty and weakening domestic economic…
After rallying relentlessly over the last few weeks, gold prices are on a slippery path as the rupee has weakened against the dollar. It is one of the few occasions when all the competing asset classes — equity, gold and rupee — are on a downslide on the back global uncertainty and weakening domestic economic…
With the shift towards digital payments, the credit card landscape has evolved, too. Along with the rapid changes in the credit card space, there is a need for enhanced security measures. The EMV chip technology or credit card security chips is one such measure. What is EMV chip technology? Europay, Mastercard, and Visa created EMV…
The BSE benchmark Sensex tanked 984.23 points or 1.25% to settle at 77,690.95, extending its previous day’s fall. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty tumbled more than 1% on Wednesday (November 13, 2024) amid retail inflation soaring to a 14-month high of 6.21% in October and unabated foreign fund outflows. Muted…
The deadline to file income tax returns (ITR) by corporates and individuals requiring audit for the financial year 2024-25 is November 15, 2024. The deadline was set for October 31, 2024, initially, but was extended to November 15. Any further extension to this deadline is unlikely. This income tax return submission is closely linked to…
