Budget's focus on agri-research may help reduce production shocks
The budget listed productivity and resilience in agriculture as its top priority. The strategy includes transforming agriculture research and release of new varieties of seeds.
The budget listed productivity and resilience in agriculture as its top priority. The strategy includes transforming agriculture research and release of new varieties of seeds.
The 2024 Paris Olympics, from July 26 to August 11, will feature a unique opening ceremony along the Seine River and introduce new sports like Breaking and Extreme Slalom. With events spread across iconic venues in France and free viewing options for Indian audiences, the Games promise a historic and inclusive celebration.
A total of 43,398 shares changed hands on the counter till 02:06PM (IST).
The tourism sector in Jammu and Kashmir has seen significant growth since the abrogation of Article 370, with a total of 1.08 crore tourists visiting in the last six months this year, as per the Ministry of Home Affairs (MHA). According to a report provided to the MHA by the Jammu and Kashmir government, the sector has maintained an annual average growth rate of 15.13 percent over the past three years.
TDS rates changed in Budget 2024: On July 23, 2024, Finance Minister Nirmala Sitharaman presented Budget 2024, which included several proposed tax-related changes. These changes encompassed adjustments to the Tax Deducted at Source (TDS) rates. Let's take a closer look at the significant modifications to the TDS rates and their respective implementation dates.
On the INDIA bloc protest against Union Budget 2024 in Parliament, Tagore said that this budget is discriminatory and that it is a 'Kursi Bachao Budget'. He also said that the budget has only thought about how to save this government, and punishes the middle-class people, farmers and workers. The Congress leader also said that the INDI alliance leaders decided to protest outside the Parliament to express their dissatisfaction.
Despite a drag from banks and other financial stocks on Sensex and Nifty due to a capital gains tax hike in the Budget, smallcaps and midcaps continued rallying unaffected by the Finance Bill changes. Sensex plummeted around 500 points, led by HDFC Bank, ICICI Bank, Axis Bank, and Bajaj twins with losses up to 3%. In contrast, the Nifty Smallcap250 index surged 1.4%, and the midcap index also rose around 1%. Microcaps saw even higher gains, rallying over 2%. While the increased tax rates for equities are a long-term negative... Читать дальше...
As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 18.32 per cent and domestic institutional investors had 22.75 per cent.
The India Meteorological Department (IMD) forecasted heavy rainfall for three days starting July 24 in parts of Andhra Pradesh and Yanam. North Coastal Andhra Pradesh (NCAP) and Yanam are expected to experience heavy rains, while strong surface winds are predicted across the state until July 28, with speeds up to 30-40 km/h. The prevailing lower tropospheric south-westerly and westerly winds influence this weather. The Andhra Pradesh State Disaster Management Authority reported stable conditions in the Godavari River... Читать дальше...
Cryptocurrency markets saw a decline with Bitcoin, Ethereum, Solana, and Dogecoin leading the drop. Mt. Gox creditors received $9 billion in BTC. Bitcoin and Ethereum faced volatility. Altcoins like Solana and Dogecoin declined while BNB and XRP surged. Market cap at $2.39 trillion.
A total of 4,170 shares changed hands on the counter till 01:55PM (IST)
For two-three years, Helios was zero in IT and bought some of these infra type railway and defence stocks . All those are relatively over now, says Samir Arora. Even a very good Budget with very good tax or no change in tax or whatever could have kept railway and defence stocks up beyond plus-minus a few months.
Plaintiff Suresh Karamshi Nakhua stated that Dhruv Rathee claimed that Prime Minister Modi had hosted violent and abusive trolls like Ankit Jain, Suresh Nakhua, and Tajinder Bagga at his official residence. The video in question has received over 24 million views and more than 2.3 million likes, a number that continues to soar with every passing moment.
The Relative Strength Index of the stock stood at 47.75 on Wednesday.
A car bomb injured a Russian military intelligence officer and an unidentified woman in northern Moscow on Wednesday. The explosion occurred in a Toyota Land Cruiser, severely injuring the officer, reportedly from the GRU, and causing damage to five other vehicles. Russia's interior ministry confirmed the blast, caused by an unidentified device, and has opened a criminal case. State news agency TASS reported that the officer's feet were blown off in the explosion. The incident is under investigation.
The Delhi High Court issued notice to Delhi police on Umar Khalid's bail application in a UAPA case related to the Delhi Riots 2020 conspiracy, with the matter listed for August 29. Khalid, a former JNU student leader, has been in custody since September 2020. His bail petition was dismissed by the trial court and the High Court stating allegations against him are prima facie true.
India must focus on asset monetisation, says Sajjid Z. Chinoy, chief India economist at JPMorgan Chase, for fiscal prudence and funding, with Modi aiming to reduce the fiscal deficit. Tax revenues, RBI dividends will help improve credit ratings. Coalition pressures led to small stake offerings, replacing big-ticket sales. The budget aims to raise 500 billion rupees by March, supporting human capital investment effectively.
Mutual fund taxation undergoes significant changes post-budget. Long-term investors in gold, international, and fund of funds can benefit. New tax rates for equity funds introduced. Debt funds taxed at marginal income rates, no long-term concept. CEO explains the simplified categories.
An Italian Eurofighter Typhoon crashed on Wednesday during a multinational military exercise, Exercise Pitch Black 24, near Darwin, Australia. The pilot ejected safely and is in good health, undergoing medical tests. The crash occurred at 10:45 a.m. local time, with the pilot making immediate radio contact. All flying operations for the day were canceled. The incident is under investigation. Exercise Pitch Black, involving 21 Italian aircraft for the first time, prepares for complex international... Читать дальше...
The Relative Strength Index of the stock stood at 45.14 on Wednesday.
Addressing reporters in New Delhi the YSRCP chief highlighted 'lawlessness' in Andhra Pradesh where he said equitable justice is denied and democracy is limping.
On the IT pack, Tech Mahindra is something that we like. The kind of catch up that this stock has to play as compared to the IT index, as compared to some of the other names is huge.
Finance Minister Nirmala Sitharaman's budget proposal eliminates indexation benefits for calculating long-term capital gains tax (LTCG) on real estate but lowers the LTCG rate to 12.5% from 20%. Properties bought before April 1, 2001, remain exempt from this change. The removal of indexation could impact real estate transactions.
The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 23097.05.