Markets remain under pressure following Fed’s strict commentary. Support exists at 23,850, with resistance at 24,200, according to Rupak De of LKP Securities. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade for the fifth consecutive day on Friday. While BSE Sensex was just above 79,000, Nifty50…
NEW DELHI: The Centre has circulated a draft legislation to ban lending by unregulated entities, including by platforms, with violators facing imprisonment of up to seven years. Lenders, who harass and use unlawful means for recovery, face up to 10 years in jail, with those promoting such lending facing a term of up to five…
Many taxpayers remain uncertain about the mandatory reporting requirements for foreign assets and income. (AI image) Income Tax Returns: The enactment of the Black Money law has introduced severe penalties for taxpayers who provide insufficient disclosures regarding their foreign incomes, assets and related information. The non-compliance now constitutes a violation of both income tax and…
MUMBAI: Markets regulator Sebi on Wednesday tightened rules for small and medium enterprises (SMEs) aiming to tap the public market through listing. It also tightened rules for merchant bankers, specified a time period for mutual fund managers to deploy funds raised through new fund offers (NFOs), and expanded the list of events which will be…
MUMBAI: About one-third of the 388 founders of India’s 200 most valuable companies that started on or after year 2000 are IITians, says a joint study by Hurun India and IDFC First Bank. IIT Delhi, alma mater to startup poster boys Sachin and Binny Bansal, leads the pack with 36 founders having graduated from there….
Zomato’s market cap has seen a remarkable 190% increase to Rs 2,51,900 crore. Zomato CEO Deepinder Goyal is India’s 2nd biggest self-made entrepreneur! Zomato’s valuation has seen a remarkable 190% increase to Rs 2,51,900 crore, positioning its CEO Deepinder Goyal as India’s second-highest valued self-made entrepreneur, according to Hurun India. Swiggy‘s leaders Sriharsha Majety and…
MobiKwik’s shares soared 85% on their trading debut on Wednesday, rising above Rs 500 on the BSE, boosting the company’s valuation to around Rs 40 billion. The stock opened at Rs 440, a sharp rise from its IPO price of Rs 279.The company’s $67 million IPO garnered major interest, with subscriptions exceeding available shares by…
Given the current uncertain conditions, market experts recommend maintaining protective positions. (AI image) At 9:16 AM, BSE Sensex was trading at 80,576.37, down 108 points or 0.13%. Nifty50 was at 24,295.85, down 40 points or 0.16%.Broad-based negative sentiment dominated domestic markets on Tuesday as investors awaited crucial US Fed policy decisions. Analysts indicate that if…
Obtaining a new PAN card under PAN 2.0 isn’t compulsory. (AI image) PAN 2.0: The Modi government recently gave its not for the PAN 2.0 project, which offers PAN cards with enhanced features, including secure data storage in a dedicated vault, better QR code functionality for convenient access, and unified PAN/TAN services through a single…
Financial markets began the week cautiously as investors awaited the US Federal Reserve’s key interest rate decision. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex was just above 81,500, Nifty5 was below 24,600. At 9:19 AM, BSE Sensex was trading at…
