Gurugram-based real estate developer Signature Global reported a sharp year-on-year decline in sales bookings for the October–December quarter, a period typically marked by robust housing demand due to the festive season. In a regulatory filing on Sunday, the company said sales bookings fell 27 per cent to ₹2,020 crore in the December quarter, compared with […]
The Goods and Services Tax (GST) 2.0 regime, set to come into force on September 22, 2025, will bring sweeping changes to India’s indirect tax system, but several key items will remain untouched. The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, approved a restructuring of the tax slabs by merging the 12% […]
India’s Income Tax Department on Monday announced that over seven crore income tax returns (ITRs) have been filed for the Assessment Year 2025-26, as the deadline of September 15 drew to a close. Officials described the surge in filings as a reflection of growing compliance and the expanding taxpayer base. In a post on X, […]
China has strongly rejected US President Donald Trump’s proposal that NATO members impose steep tariffs on Beijing, saying such measures would only worsen global tensions. Chinese Foreign Minister Wang Yi made the remarks on Saturday during a press conference in Ljubljana, Slovenia, following talks with Deputy Prime Minister and Foreign Minister Tanja Fajon. His comments […]
Gold prices are once again dominating global headlines. Hovering near all-time highs, the yellow metal has emerged as one of the most closely watched assets this September, reflecting a mix of investor anxiety, central bank policies, and domestic demand surges in India ahead of the festive season. From Wall Street to Chandni Chowk, gold’s rally […]
Hike, once touted as India’s homegrown rival to WhatsApp and later a promising player in online gaming, has officially shut down after the Indian government imposed a ban on real-money gaming. Founder and CEO Kavin Bharti Mittal confirmed the closure in a note shared on Substack, calling it “a difficult decision” made after discussions with […]
In an unprecedented turn of events, the Indian stock market made a remarkable recovery on Tuesday, April 15, as investors regained a colossal Rs 10.9 lakh crore in a single day. This recovery effectively wiped out the losses incurred following the US tariff shock on April 2, marking a significant milestone in the financial sector. […]
In a dramatic turn of events that has stunned both investigators and the public, fugitive diamond trader Mehul Choksi—accused in India’s largest-ever bank fraud case—has been arrested in Belgium after years on the run. The unexpected arrest has rekindled hopes for justice in the ₹13,500 crore Punjab National Bank (PNB) scam that rocked the country’s […]
U.S. markets closed lower Friday after China announced steep tariff hikes on American goods, targeting semiconductors manufactured in the U.S. Texas Instruments fell 6.8%, Intel dropped 3.7%, and GlobalFoundries declined 2.4% amid fears of disrupted trade flows. Shares of Nvidia and TSMC rose, buoyed by their offshore manufacturing. Analysts warn of escalating uncertainty in the […]
The elite group of U.S. tech megacaps, popularly dubbed the “Magnificent Seven,” has witnessed a sharp $2 trillion erosion in market value since April 2, following renewed trade tensions triggered by President Donald Trump’s announcement of sweeping reciprocal tariffs on nearly all trading partners. The announcement sent shockwaves through global equity markets, igniting a broad […]
The U.S. decision to impose tariffs on semiconductors is unlikely to significantly impact India in the short term, as the country is not a major chip exporter to the U.S., industry experts said Thursday. With India already imposing zero import duties on semiconductors, the country faces no immediate trade retaliation concerns, said Ashok Chandak, president […]
NEW YORK, Feb. 20 — The war of words between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky escalated Wednesday as Trump suggested Ukraine could be sidelined in negotiations to end the war with Russia. “Zelensky better move fast or he’s not going to have a country left,” Trump wrote on Truth Social, claiming […]
At first glance, the global financial landscape is undergoing a significant shift, with FIIs increasingly diluting their share in Indian stocks and turning their attention towards the Chinese market. This trend, often referred to as the ‘Buy China – Sell India’ trade, is not a distant possibility for FIIs. The primary reason behind this shift […]
Hyundai Motor India, the Indian arm of South Korea’s automotive giant, is poised to make its stock market debut this week following a historic Initial Public Offering (IPO), officials confirmed on Monday. The company’s shares will begin trading on Tuesday, after successfully concluding last week’s $3.3 billion IPO, the largest ever in India’s market history. […]
Indian stock markets are expected to open slightly higher on Monday, with investor attention focused on earnings reports from major players like HDFC Bank, Kotak Mahindra Bank, and Tech Mahindra. As of 07:14 a.m. IST, the Gift Nifty stood at 24,927.5, indicating that the NSE Nifty 50 index may open marginally above its last close […]
Despite a recent downturn in the Indian equity market, the IPO segment is buzzing with activity as nine new public issues worth ₹10,985 crore are set to open for retail investors from October 21 to 25. Among these, Waaree Energies’ IPO will be the first to kick off on October 21, offering shares at […]
In an era where financial literacy is increasingly becoming a necessity, a recent online debate has sparked interest and controversy in equal measure. The debate was initiated by Sourav Dutta, an investor and trader, who took to social media platform X (formerly Twitter) to share his financial advice. Dutta suggested that people should consider investing in […]
Infosys posted a 4.7% rise in net profit for Q2 FY25, hitting Rs 6,506 crore, up from Rs 6,212 crore a year ago. Revenue grew 2.9% year-on-year, reaching Rs 40,986 crore. The company raised its full-year revenue growth forecast to 3.75-4.5% and announced a 16.7% interim dividend increase to Rs 21 per share, payable on […]
Bajaj Auto on Wednesday announced a 9% rise in net profit for the July-September quarter (Q2 FY25), posting a net income of Rs 2,005 crore, driven by robust performance in its green energy segment. The company’s electric vehicle (EV) sales surged, contributing significantly to its overall growth. Adjusted for exceptional deferred tax provisions, Bajaj Auto’s […]
Shapoor Mistry, chairman of the Shapoorji Pallonji Group, leads one of India’s most powerful business dynasties, managing a significant stake in Tata Sons while steering his family’s company through a critical period of transformation. The Mistry family holds an 18.4% stake in Tata Sons, valued at approximately ₹1.52 lakh crore ($130 billion), making them key […]