[ad_1] MUMBAI: The rupee extended its slide for the second straight session and declined 13 paise to hit a fresh record low of 85.87 (provisional) against the US dollar on Wednesday amid higher crude oil prices and stronger American currency. Lacklustre sentiment in domestic equity markets and sustained outflow of foreign funds also played spoilsport…
[ad_1] NEW DELHI: Foreign portfolio investors (FPIs) are likely to maintain a cautious stance on Indian equities until there is more clarity on Q3 FY25 earnings recovery and fair market valuations, according to a report by Shriram Mutual Funds.Despite active participation throughout 2024, FPIs ended the year on a cautious note, with equity investments plummeting…
[ad_1] BENGALURU: Microsoft CEO Satya Nadella announced plans to invest $3 billion in India in cloud and AI infrastructure, including setting up new data centres over the next two years. He added the company is committed to training 10 million people with AI skills by 2030.The $3-billion additional investment in India, Nadella said, would represent…
[ad_1] Budget 2025 income tax expectations: The changes involve simplifying the language and rationalizing information by using formulas and tables. (AI image) Budget 2025 expectations: India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have…
[ad_1] The government introduced a tax deferment policy for Employee Stock Ownership Plans (ESOPs) in 2020 to address two key challenges faced by startup employees and employers: Immediate tax liability on employees receiving shares without actual monetary gains. Strain on startups’ finances due to tax deductions often exceeding employees’ salaries. ESOPs are taxed in 2…
[ad_1] While an Indian residing abroad is popularly referred to as a non-resident Indian (NRI), the nomenclature is different under tax laws. It is not the country of origin, but the number of days stay in India, which determine whether a person will be a resident or non-resident for tax purposes.Resident individuals are taxable in…
[ad_1] Nifty’s short-term outlook indicates consolidation between 23,500-23,900. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green but quickly moved to the red territory on Wednesday. While BSE Sensex was near 78,000, Nifty50 was above 23,650. At 9:20 AM, BSE Sensex was trading at 78,045.67, down 153 points…
[ad_1] NEW DELHI: Price cuts towards end of 2024 saw sales of electric cars rise 20%, with the industry’s volumes finishing a shade lower than one lakh units against 82,688 units in the previous year.The growth comes despite doubts about a mass adoption for EVs as customers complain over a poor public charging infrastructure, longevity…
[ad_1] Jefferies has a ‘buy’ recommendation on Reliance Industries with a target price of Rs 1,690 (+36%). Analysts feel RIL’s recent underperformance in CY24 was due to concerns around the medium-term growth prospect of retail and lower earnings growth in FY25. Analysts see restoration of mid-teens growth in retail, likely listing of Jio and improvement…
[ad_1] CHENNAI: Call it the Maha Kumbh effect. Transporters and truckers are witnessing up to 40% increase in trucking activity in the lead up to the Maha Kumbh. The just released Shriram Mobility Report has estimated a 30-40% spike in trucking activity to the Prayagraj in Dec 2024, spurred by preparations for the Maha Kumbh…
