Dinshaw Irani says that Helios has been so bullish on the financial sector that they brought out a first sector dedicated fund from the house of Helios which closed on June 14; it was a financial services fund. Anyway, Helios id loading up on that particular portion as such in the and fortunately most of the stocks are in the largecap space.
A 30-year-old man, Ayush Vohra, was captured on camera stealing jewellery worth Rs 5 lakh from his neighbor's home in Ghaziabad. The incident occurred at Charms Castle society in Raj Nagar Extension. Rahul Kapri, a sales manager at a private company, witnessed the theft live and streamed it on his mobile phone while on vacation. He immediately notified the society's security staff and the police. Vohra was arrested on Monday.
The government is reportedly planning to impose a higher income tax on F&O, treating it similarly to income from lotteries or cryptocurrencies in the upcoming Budget. This move aims to address concerns about retail traders losing substantial amounts in the derivatives market. Proposed changes include reclassifying F&O transactions from 'business income' to 'speculative income' and potentially introducing a TDS.
The Enforcement Directorate conducted searches at 35 premises in Delhi-NCR, Mumbai, and Nagpur as part of a money laundering investigation against the Amtek Group and its directors, including Arvind Dham and Gautam Malhotra. They have been accused of a Rs 20,000 crore bank loan fraud. The probe, stemming from a CBI FIR, alleges fraudulent practices in listed companies leading to a loss of Rs 10,000-15,000 crore, involving siphoning of funds for real estate and foreign investments, and creation of shell companies to hide assets.
India, Australia, and France have pledged to collaborate on promoting a free, open, inclusive, and rules-based Indo-Pacific region in response to China's increasing assertiveness. During the third 'India-France-Australia trilateral focal points' meeting in Delhi, the countries reviewed progress under trilateral cooperation pillars and identified new proposals for furthering collaboration, including initiatives within the Indo Pacific Oceans Initiative and Indian Ocean Rim Association mechanisms.
A short buildup occurs when there is an increase in open interest and trading volumes accompanied by a decline in the price of the underlying stock in the Futures and Options segment.
The aging population is increasing, leading to more disease-prone individuals. Per million, the number of people getting sick is rising, which we can accommodate. Additionally, advancements in science and new therapies are reducing the need for surgical procedures, making interventions more common.
The Namo Bharat rapid rail corridor is likely to be extended from Sahibabad to Meerut South by the end of this month, enhancing connectivity between Ghaziabad and Meerut. Approved by the Commissioner of Metro Rail Safety, this 8km extension will cut travel time to 30 minutes. The project includes 13 Meerut stations, with substantial benefits for students and commuters, promising a significant upgrade in travel efficiency.
Income tax rebate: Under section 87A you can get a maximum tax rebate of Rs 12,500 under the old tax regime and up to Rs 25,000 under the new tax regime. However this rebate is only available if your income is upto a specified limit. Read to find out more about income tax rebate.
A total of 9,716 shares changed hands on the counter till 12:12PM (IST)
Once again on Wednesday, there was a lesson for all who think that bull markets don't see volatility. All of sudden there was a sharp dip in Nifty and other broader market indices, except bank nifty which was trading in green thanks to the fact its largest constituent HDFC bank was trading in green. When valuations are high, volatility never gives notice before coming so one should always be prepared for it. Another point to be watched, if the frequency of the volatile phase increases and if it starts to happen every other fortnight... Читать дальше...
Cardiff University research suggests hydrophones can help locate crashed airplanes like MH370. The study analyzed data from historical accidents and a submarine disappearance, proposing further investigation into the aircraft's last known location.
As of 31-Mar-2024, promoters held 51.52 per cent stake in the company, while FIIs held 14.07 per cent and domestic institutional investors had 10.18 per cent.
The Patna High Court has scrapped 65 per cent reservation for Backward Classes, Extremely Backward Classes, Scheduled Castes and Scheduled Tribes in Bihar.
A total of 4,870 shares changed hands on the counter till 12:01PM (IST).
In his birthday greetings to Murmu, Prime Minister Modi said the President's "wisdom and emphasis on serving the poor and marginalised are a strong guiding force".
IIT Bombay has fined eight students for staging a play deemed derogatory to the Ramayana during its Performing Arts Festival. The disciplinary action followed complaints alleging the play mocked cultural and religious values. Graduating students were fined ₹1.2 lakh each, and juniors were fined ₹40,000 each. The controversy sparked a debate on artistic freedom and respect for religious sentiments, with opinions divided on the institute's decision.
Sapphire Foods India's shares surged 7.4% after announcing a 1:5 stock split to enhance liquidity and widen shareholder base.
A total of 2,882 shares changed hands on the counter till 11:56AM (IST)
A long buildup happens when there is a simultaneous increase in open interest, trading volumes, and the price of the underlying stock in the Futures and Options segment, signaling a bullish trend in the market.
The government clarified that import curbs on certain studded gold jewellery do not apply to units in special economic zones (SEZs), exempting them from restrictions. The decision is aimed at discouraging inbound shipments from countries like Indonesia and Tanzania. A policy circular by the directorate general of foreign trade (DGFT) plays a significant role in the country's export activities and contributed over one-third of total outbound shipments in the previous fiscal year.
NCP (SP) chief Sharad Pawar urged the central government to actively resolve the Maratha and OBC quota demands, suggesting amendments in laws and policies. Amid rising conflicts over reservations, Pawar emphasized that the Centre should lead in addressing community demands. He highlighted the need to prevent social tension and criticized the government for being passive.
On June 21, 2024, the world will celebrate the tenth International Yoda Day, promoting the psychological, spiritual, and physical benefits of yoga, symbolized by the Sanskrit term 'yoga' meaning 'to join or to unite'.
