Stock market today: Amid cautious anticipation of key macroeconomic data and influenced by weak global signals, the domestic equity market experienced a widespread selloff on Monday, March 11 with benchmarks- the Nifty 50 and the Sensex – closing the day with losses approaching one per cent. Nifty 50 closed with a loss of 161 points, … Read more
Investing in second homes presents an enticing opportunity, offering both financial gains and personal fulfilment. These properties can add diversity to your real estate portfolio and generate passive income through rentals. However, before making a purchase it is essential to keep the following points in mind: Also Read: Real Estate: How can you maximise wealth … Read more
India is scheduled to come up with the first draft of the AI regulations framework by June-July this year, said Rajeev Chandrasekhar, Union Minister of State for Skill Development and Entrepreneurship, Minister of State for Electronics and Information Technology and Minister of State for Ministry of Jal Shakti on February 20, as per NDTV Profit. … Read more
NEW DELHI : Finance minister Nirmala Sitharaman presents her sixth annual budget, albeit an interim one, today, likely furnishing a report card on the government’s performance in the past five years. Here are five key numbers to watch out for and cut through the economic jargon: Nominal GDP growth The budget could highlight how India … Read more
The British pound is beating more than 90% of the world’s currencies this year on signs the nation’s economy is holding up better than expected, keeping interest rates higher for longer. Only 11 currencies — including those of Kenya, Zambia and Sri Lanka — have outperformed sterling in 2024, according to a universe of more … Read more
Is it possible to get good returns from a market that is at an all-time high? I am often asked this question and my reply is always in the affirmative. There are money-making opportunities even when the Nifty is at 22,000 and the Sensex at 74,000. But, you have to be selective and very patient. … Read more
Mumbai: India’s AI market is expected to grow at a compound annual growth rate (CAGR) of 25-35% to $17 billion by 2027, according to a report by Nasscom and the Boston Consulting Group. This growth will be fuelled by multiple factors, including increasing enterprise tech spending, India’s growing AI talent base and a significant increase … Read more
Budget 2024 Updates: Finance Minister Nirmala Sitharaman delivered her Budget speech, presenting the Interim Budget 2024-25 at Parliament on Thursday, February 1, a day after the commencement of the Budget Session. Applauding the interim budget, PM Modi said investment for capital expenditure was taken to a historic high of ₹11,11,111 crore. Calling India’s capex and … Read more
In an unprecedented rally, the BSE benchmark climbed by 374.04 points or 0.50% last week, setting new records. Markets remained closed on Friday for Mahashivratri festivities. Also read: Week Ahead: Inflation data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,800 this week The 30-share BSE Sensex closed at a historic … Read more
Q. I am Ranjan. I want to harvest tax loss for my investments. How does tax-loss harvesting work? How can it help minimise my tax outgo? What are the risks? Tax-loss harvesting is a strategy used to minimise tax liability by selling investments that have declined or are declining in value. When an investment is … Read more