Budget 2024: What is needed to boost the crypto market in India?
The crypto community anticipates Union Budget reforms including a 0.01% TDS rate, Rs 5,00,000 threshold, loss offsetting, and aligning crypto tax with other assets.
The crypto community anticipates Union Budget reforms including a 0.01% TDS rate, Rs 5,00,000 threshold, loss offsetting, and aligning crypto tax with other assets.
ITR filing: After a person submits their income tax return (ITR), they receive an income tax return acknowledgement from the tax department. This acknowledgement includes a unique tracking number that can be utilized to monitor the status of the filed Income Tax.
In the F&O segment, a long buildup is observed when there is a simultaneous increase in open interest, trading volumes, and the price of the underlying stock, signaling a bullish trend in the market.
YES Bank shares surged 5% to Rs 26 on BSE following its report of a standalone net profit of Rs 502.43 crore for Q1 FY2024, marking a 47% increase from Rs 342.52 crore a year ago. Interest earned in the quarter rose 19.8% to Rs 7,719.15 crore from Rs 6,443.22 crore in the same period last year.
A total of 2,400,931 shares changed hands on the counter till 11:36AM (IST).
Indian-American businessman-turned-politician Vivek Ramaswamy had predicted Joe Biden wouldn't run for re-election and endorsed Kamala Harris as the Democratic nominee. His foresight was praised by Tesla's Elon Musk and social media influencers. Ramaswamy cited incentives and the managerial class's disinterest in Biden, foreseeing a last-minute switch to Harris or Michelle Obama.
So, the key will be the resolution of the issues pointed out by RBI and once that happens, that will be sentimentally positive, so that is how it is placed. Overall earning season is turning out to be muted in general.
Kotak Mahindra Bank saw its shares drop 3% due to NIM disappointment at 5.02% for Q1FY25. Despite a robust 81% increase in standalone net profit to Rs 6,250 crore, concerns persist over funding costs and margin pressures. Brokerages advise caution as RBI restrictions continue to impact growth and profitability.
IDfy reports a 3% to 9% rise in fake certificate submissions, using shell and shadow companies, with some registered and having physical addresses. Key vulnerable sectors are finance, insurance, and staffing. It proposes using EPFO and GST checks, alongside detailed document examinations, to counter these accessible frauds.
Union Budget 2024: The Chinese economy's transformation holds valuable lessons for India, emphasizing the importance of rising labor productivity and massive infrastructure spending. As India aims to leverage its demographic dividend, increased public capex and private sector involvement are crucial. Focusing on job creation through infrastructure development and empowering the rural workforce are key priorities for sustainable growth. The upcoming budget should prioritize fiscal consolidation, surplus utilization... Читать дальше...
Chief Minister Eknath Shinde has directed officials to maintain a high level of alertness. He emphasised the importance of the State Disaster Response Force, local administration, civic bodies, and police staying updated on weather conditions through regular communication with the IMD.
Sawan Somwar vrat 2024: low calorie vrat food for savan somwar vrat for women
Banks are having to respond to the changing landscape by employing various strategies to maintain and grow their deposit bases, even as customers increasingly shift their funds towards investment avenues.
Joe Biden has withdrawn from the 2024 presidential race and endorsed Vice President Kamala Harris as the Democratic nominee. The final decision will be made by Democratic National Convention delegates, as this will be the first major party nominee selected outside of the primary and caucus process in over 50 years. Some Democrats are concerned that letting the convention delegates, most of whom originally supported Biden, choose the nominee could seem undemocratic and illegitimate.
Semiconductors and restricted goods shipped through China and Hong Kong fell by a fifth, according to U.S. Commerce data. Transshipments of CHPL items through Hong Kong dropped 28%. Shell companies such as Malachor Electronics divert semiconductors from Texas Instruments, Nvidia, Intel, and Vectrawave. C4ADS data and custom records reveal these activities, highlighted by Samuel Bickett.
A total of 32,693 shares changed hands on the counter till time (IST).
By addressing the critical needs of sectors such as renewable energy, infrastructure, health, and health tech, the budget can lay down a path for sustainable and inclusive development.
Experts suggest considering stocks like DMart, HUL, ICICI Bank, LIC, and Mphasis for short-term gains based on technical analysis and recent market trends.
HDFC Bank's stock rose 3% to Rs 1650.7 on BSE. Q1FY25 net profit was Rs 16,175 crore, up 35% YoY but down 2% QoQ. Interest earned was Rs 73,033 crore, expended Rs 43,196 crore.
The 30-share BSE Sensex was down 82.44 points at 80522.21
Swaminathan Aiyar foresees a possible Trump win leading to 10% global tariffs, 60% on China, sparking a trade war. EU and Modi could retaliate. Trump might cut NATO funding, ban H1B visas, ignore Taiwan, prosecute Biden officials, and cause US chaos. Congress and courts could limit actions. Rate cut expectations persist.
Value investing involves picking undervalued stocks. Beginners can invest in Value Funds for balanced, long-term gains. Set goals, research, and invest via SIP to balance risk-return. This strategy withstands downturns, covers market segments, recovers beaten-down stocks, reshuffles portfolios, avoids multi-baggers, and maximizes total returns, accounting for expense ratio and exit load.