SJVN Limited experienced a remarkable 11% surge in its stock price following the announcement of securing a massive Rs 13,000 crore pumped storage project in Mizoram. This significant achievement highlights the company’s expanding footprint in the renewable energy sector. The project, aimed at enhancing energy storage capabilities, underscores SJVN’s commitment […]
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SJVN Limited experienced a remarkable 11% surge in its stock price following the announcement of securing a massive Rs 13,000 crore pumped storage project in Mizoram. This significant achievement highlights the company’s expanding footprint in the renewable energy sector. The project, aimed at enhancing energy storage capabilities, underscores SJVN’s commitment […]
The Revenue Secretary of India, Sanjay Malhotra, defended the recent budget proposal to raise the long-term capital gains (LTCG) tax on listed equities and remove indexation benefits for real estate. Increased Tax on Passive Income: Malhotra argues that a slightly higher LTCG tax on equity (from 10% to 12.5%) is […]
STT Rate on Derivative Trade The STT rate on derivative trades has been increased in the Union Budget 2024. Before Budget 2024 Futures: 0.0125% on the sell side Options: 0.125% on the intrinsic value of options bought and exercised 0.0625% on the premium for options shorted After Budget 2024 Futures: […]
The Indian stock market witnessed a surge today as ITC Limited, a leading conglomerate with a significant presence in the tobacco industry, saw its share price climb by over 5%. The rally was triggered by the Union Budget’s decision to maintain the existing tax structure for tobacco products. The tobacco […]
Finance Minister will be presenting the Union Budget 2024-25. It will be a record seventh consecutive Budget presentation for Ms. Sitharaman. While a comprehensive analysis would be extensive, here are some key highlights: Economic Outlook GDP Growth Target: The government projected a robust GDP growth rate. Inflation Management: Strategies to […]
Market Open The Indian benchmark indices opened lower on Monday. The Sensex opened at 80,141 points, a decrease of 463 points from the previous close. The Nifty50 index also opened lower, falling by 147 points or 0.6% to 24,383 points. Market Recovery However, the markets staged a recovery shortly after […]
Indian billionaire Gautam Adani and Singapore-based Wilmar International are indeed exploring the sale of a minority stake in their joint venture Adani Wilmar. This is to comply with shareholding regulations in India. Stake being sold: Up to 13% of Adani Wilmar, potentially in equal stakes by both Adani and Wilmar […]
Profit growth: Net profit is expected to show a significant increase, with estimates ranging from 17% to 19% YoY . Margin improvement: Potentially lower input costs could lead to an expansion of EBITDA margins by 90-100 bps YoY . Bajaj Auto’s stock price has been on a positive trend in […]
Quant Mutual Fund is facing a Securities and Exchange Board of India (SEBI) probe into possible front-running,but they are clarifying recent actions. SEBI data collection: There were reports of SEBI collecting data from Quant Mutual Fund. The fund house says this data collection was not a regular process, but rather […]