The current income tax rules on capital gains are intricate, with varying holding periods and tax rates for different asset classes. There is a proposal to standardize taxation by applying a single 10% tax rate on long-term capital gains for all financial assets.
A total of 1,500 shares changed hands on the counter till 11:37AM (IST)
In Thursday's trading session, long unwinding occurred in five stocks. This refers to the selling of positions or stocks held for an extended period, whether to lock in profits or exit due to anticipated bearish market conditions.
UP BJP report highlights an 8% vote decline, paper leaks, and internal strife as causes for Lok Sabha loss. Samajwadi-Congress won 43 seats. Reduced support from Kurmi, Maurya, and Dalit communities, poor Kashi region performance, early ticket distribution fatigue, central intervention, and unpopular candidates cited. Ayodhya and Amethi scrutinized, JP Nadda leads strategy talks.
Post-pandemic courier frauds exploit technological trust. Fake officers demand payments for seized parcels. Warning signs include unsolicited payment requests, misspellings, and prize claims. FedEx, with law enforcement, highlights not sharing sensitive details. Critical measures include awareness initiatives, elderly education, direct verification, reporting fraud via cybercrime.gov.in, and disconnecting suspicious calls.
IDBI Bank's shares surged 7% to Rs 94 on BSE after RBI approved 'fit and proper' bidders ahead of Union Budget 2024. The bank, earmarked for privatization, awaited RBI's nod for bidders meeting regulatory norms to progress in the privatization process.
Promoters held 62.66 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 25.32 per cent and 2.42 per cent, respectively.
Karnataka's reservation bill mandates '100 per cent reservation' for Kannadigas in the private sector, causing discussion among stakeholders. Business leaders are worried about its impact on economic growth and the state's innovation status. RCB fans fear it may affect the IPL team's hiring and operations as a private company in Karnataka.
A total of 477,736 shares changed hands on the counter till time (IST).
The Nifty IT index was trading 0.96 per cent up at 39518.6.
I think we could get a 10-15% drawdown, why not? I mean, if you go back 40 years for the S&P 500, for example, the maximum peak to trough drawdown is 14% on average every year since 1980.
Due to delays in the Common University Entrance Test (CUET) results, undergraduate admissions are postponed, potentially leading to weekend classes and a shortened winter break for eager students awaiting the new session. Originally expected by June 30, CUET-UG results faced errors necessitating a re-test on July 19 by the National Testing Agency (NTA).
As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 9.58 per cent and domestic institutional investors had 5.53 per cent.
Telangana government plans to launch a farm loan waiver program, fulfilling a poll promise for 70 lakh farmers with waivers up to Rs 2 lakh by August 15. Initial disbursements of Rs 7,000 crore for loans up to Rs one lakh will start Thursday, aiming to complete the process by August.
In the Nifty pack, 15 stocks were trading in the green, while 35 stocks were trading in the red.
According to stockedge.com's technical scan data, on July 16, we compiled a list of seven stocks from the Nifty200 pack that closed at a 5-year high, indicating bullish momentum in these stocks.
South Korea's president appointed former North Korean diplomat Tae Yongho as a vice minister, the highest-ranking position for a North Korean defector in the country. Tae defected to South Korea in 2016, citing concerns for his children's future and despair over North Korea's leadership. President Yoon Suk Yeol appointed Tae to the Peaceful Unification Advisory Council, marking the first North Korean defector in a vice-ministerial role among the 34,000 who resettled in South Korea.
A total of 4,423 shares changed hands on the counter till time (IST).
Rescuers said they were confronted by a "violent apartment fire" on the seventh floor of the building. They carried out three aerial ladder rescues and evacuated dozens.
The NSE Nifty index was trading 66.71 points down at 24546.3
A total of 1,484 shares changed hands on the counter till 11:11AM (IST)
A fire at 6 pm, Wednesday in a 14-story Zigong, Sichuan high-tech mall killed 16. State media showed black smoke and people on balconies. The local fire department rescued 75 Thursday. Xinhua blamed construction work. The Ministry, National Fire Administration, and experts, guided by Xi Jinping’s directives, are investigating, following notable fires in Jiangxi (January) and Nanjing (February).
Aanvi Kamdar, a 27-year-old chartered accountant at Deloitte and social media influencer, died after falling 300 feet from a hillock near Kumbhe waterfall while filming a reel. Despite a six-hour rescue effort, she was declared dead at the hospital. Known for her travel content, Kamdar had over 256,000 Instagram followers and specialized in monsoon tourism.
