Wednesday, March 18
Spot silver extended its decline on Friday, falling 8.9% to $64.88 per ounce as of 0009 GMT, slipping below the $65-an-ounce mark. Spot silver hit a record high of $121.64 last week.MORE TO COME...
Markets turned lower on Thursday and remained under pressure for most of the session, taking a breather after the recent volatile swings. Analysts maintain a positive stance on the Nifty and recommend continuing a buy-on-dips approach as long as the index holds above the 25,400 level, with upside potential toward 26,000 initially and then a move toward fresh record highs.In today's trade, shares of Tata Steel, Hero MotoCorp, Bharti Airtel, RIL, Nykaa among others will be in focus due to various news developments.Tata Steel, IREDA, SiemensShares of Tata Steel, IREDA and Siemens will be in focus as the companies will announce their third quarter results today.Hero MotoCorpTwo-wheeler major Hero MotoCorp reported a 14% jump in its December quarter consolidated net profit at Rs 1,268 crore com
Leading exchange NSE reported a 37% year-on-year (YoY) slump in its consolidated net profit at Rs 2,408 crore in the third quarter, while total income fell 9% YoY to Rs 4,395 crore.On a sequential basis, profit after tax rose 15%, while total income grew 6%Operating EBITDA for the third quarter declined 16% YoY to Rs 2,851 crore, while declined to 73%. This was the first results by the company after it received Sebi's NOC for an IPO.The overall revenue growth during the quarter was hit by lower transaction charges, which fell 12% YoY to Rs 3,033 crore. Revenue from transactions, however, rose 9% quarter-on-quarter, led by a sequential increase in volumes across equity cash market and derivatives segments. Revenue from data feed and terminal services jumped 17% YoY to Rs 121 crore, while re
Mumbai: A hidden, quasi-amnesty window for tax on local income has crept into the fine print of the Finance Bill, perhaps unwittingly.A close reading of the budget documents shows that a person can slip away by proactively paying a significantly lower amount on unexplained domestic income - earnings whose 'sources' a taxpayer cannot spell out.Today, a person has to shell out as much as 78% once he chooses to declare the undisclosed local income in the income tax return (ITR). This comprises a 60% basic tax rate, a surcharge of 25% on the basic rate, and 4% education cess (on the tax and surcharge). Once the bill is passed, the outgo against unexplained income from financial year 2026-27 would shrink to 39% from 78%. How?While the one-time mini-amnesty for unreported small-valued foreign as
