Investors cheered the US-Iran peace deal and a subsequent decline in crude oil prices, easing inflation and growth concerns. The bull run on Dalal Street continued into the third session in a row on Tuesday, June 16, as investors cheered the US-Iran peace deal and a subsequent decline in crude oil prices, easing inflation and…
After months of conflict, the US and Iran have agreed to a peace deal. The move could lower oil prices, support the rupee, revive India’s exports and ease inflation concerns The announcement of a peace agreement between the United States and Iran after more than three months of conflict is expected to provide relief…
Govt has completely eliminated capital gains tax and withholding tax on interest income for FPIs investing in GSec, and has expanded specified securities under FAR India’s government securities (GSec) market has grown to about ₹123.5 trillion (as of June 8), according to the Reserve Bank of India (RBI), making it one of the country’s…
According to a Ministry of Finance notification, the government has removed excise duty on petrol blended with ethanol content of 22% (E22), 25% (E25), 27% (E27), and 30% (E30). Sugar stocks in focus: Sugar stocks were upbeat in trading on Thursday, even as broader markets remained weak amid renewed tensions in West Asia.…
State Bank of India emerged as the biggest turnaround story, with profit soaring 568% from Rs 12,743 crore in FY16 to Rs 85,168 crore in FY26 A decade ago, India Inc.’s profit landscape looked very different. Banks were still dealing with bad loans; telecom companies were locked in fierce competition, and energy firms were navigating…
Hexagon Nutrition’s IPO, which opened from June 5 to June 9, was oversubscribed by over 50 times, with significant participation across all investor categories. The grey market premium suggests a potential listing price of ₹52, reflecting a 15.6% premium over the issue price of ₹45. The initial public offering of Hexagon Nutrition, which was…
Adani is in talks with the L&T group for the construction of a nuclear power plant as it finalises possible sites for the atomic projects. The Adani Group is partnering with the L&T Group for its nuclear power projects as it zeroes in on multiple sites for setting up atomic power plants. L&T…
Foreign investors are subject to a 12.5% LTCG gains tax on listed shares and bonds held for more than 12 months, and a 20% withholding tax on interest earned from govt bonds The Centre said on Friday that it would exempt foreign institutional investors and the Bank for International Settlements from capital gains tax…
The ongoing conflict in the Middle East is adding financial pressure on India, a large importer of fuels whose circulation depends on the region Indian wind turbine maker Suzlon Energy Ltd. is widening its portfolio to build round-the-clock clean energy parks that combine solar, wind and batteries, addressing the growing need for dependable supplies…
According to experts, the 23,100–23,000 zone can act as immediate support for the Nifty 50. A decisive fall below this range could potentially drag the index towards 22,700 (the 78.6 percent Fibonacci retracement level). However, immediate resistance is seen at the 23,600–23,700 levels. The Nifty 50 recouped 254 points from the day’s low…