Foreign investors have sold Indian equities worth Rs 44,166 crore so far in October. With foreign investors pulling money out of Indian equities, economists at the country’s largest lender, State Bank of India (SBI), have proposed scrapping the long-term capital gains (LTCG) tax on equity investments to encourage investors to remain invested for longer periods.“The…
The Delhi High Court observed that Clause 3.3 of the RBI circular gives banks the freedom to set interest rates. (Image for representative purpose only) Can banks change the rate of returns for fixed deposits on non-renewal? The Delhi High Court has ruled in favour of a fixed deposit holder after a bank cut the…
The BSE Sensex closed at 71,924.68 on Monday, falling 547.65 points, or 0.76 per cent, from its previous close of 72,472.33. The index opened at 72,771.32 and touched an intraday high of 72,884.25 and a low of 71,676.10.The NSE Nifty 50 ended the session at 22,363.35, down 157.10 points, or 0.70 per cent, from its…
In 1999, five landowners decided to develop their property into an IT park and SEZ zone. (Image for representative purpose only) What constitutes tax avoidance? In a recent ruling, five Bangalore landowners have secured relief from ITAT in an income tax dispute over alleged undisclosed rental income.They established that the building belonged to their partnership…
India’s retail inflation may rise to 5.47% in September as food prices climb: UBI Retail inflation moved closer to the Reserve Bank of India’s upper tolerance limit of 6 per cent in September, rising to 5.54 per cent from 4.83 per cent in August as food prices recorded a sharper increase. Food inflation climbed to…
The report further suggested that banks could set aside around 3% of the funds that CASA depositors forgo through lower interest earnings. With a Merchant Discount Rate (MDR) on merchant UPI transactions being announced above Rs 2,000, professors at IIT-Bombay have come out with a report proposing reducing the MDR to 0.08% from 0.40%.The report’s…
The rupee has recovered sharply following the RBI’s announcement. RBI has record forex reserves, but why is rupee still not out of the woods?The rupee gained a stunning 1% at the start of trading on Monday after the Reserve Bank of India (RBI) eased pressure on the currency by shifting oil companies’ dollar purchases away…
Importantly, underlying investment demand for bullion remains strong, with inflows into gold-backed ETFs reaching a four-year high Gold price prediction today: Gold prices are recovering, but are continuing to see pressure due to global factors, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Here’s his analysis:Gold enters the week Rs…
Top stocks to buy in October 12, 2026 week Stock market recommendations: ICICI Lombard General Insurance, and Nykaa are the top stocks that Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities has picked for buying for the October 12, 2026 week. Let’s take a look at his rationale and views on Nifty and…
ICF has said in the past that its 24-car Vande Bharat sleeper will be one of the longest sleeper trains being produced in India. After rolling out 16-coach Vande Bharat sleeper trains, Indian Railways is now eyeing a 24-coach train set that will cater to longer distance overnight journeys. The Integral Coach Factory (ICF) Chennai…
