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[ad_1] Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Computer Age Management Services, and ONGC are the top buy calls for today, while Bosch is a sell call.Here’s his view on Nifty, Bank Nifty and the top stock picks for May 22, 2025:Index View: NiftyNifty had an inside bar formation after closing at a four day closing low on Tuesday. With 24800 breached with heavy volumes earlier this week, the same is now likely to act as resistance for sell on rise on Nifty as the index is now open to hit 214300 / 24100 on downside. After a 3300+ point rally from its April panic low to May high’s the index has barely retraced 450 odd points from its recent highs. […]

[ad_1] Representative image (Picture credit: IANS) Fraud-hit IndusInd Bank on Wednesday posted a record net loss of Rs 2,329 crore for the March quarter, its worst-ever performance, after the lender took a series of one-time hits to clean up its books and recognise past accounting lapses. The heavy quarterly setback followed deep-rooted governance failures, incorrect reporting of derivatives, and misclassification of microfinance assets, PTI reported.Fresh slippages soared to Rs 5,014 crore, with Rs 1,800 crore emerging from misclassified stress in the microfinance book now recognised as gross non-performing assets (NPAs). Additional deterioration was noted in the two-wheeler loan portfolio. The overall gross NPA ratio jumped to 3.13% as of March 31, from 2.25% a quarter ago and 1.92% in the same period last year.The March quarter results reflect the fallout from a whistleblower complaint, which led to internal audits and […]

[ad_1] A one-time tax relief proposed under the new Income Tax Bill, 2025 could significantly reduce capital gains tax liabilities for many individual taxpayers. The new Income Tax bill allows long-term capital losses (LTCL) incurred up to March 31, 2026, to be set off against any short-term capital gains (STCG) from tax year 2026–27 onwards. This marks a key departure from the current provisions under the Income Tax Act, 1961, which only allow LTCL to be set off against long-term capital gains (LTCG).The proposed change, found in Clause 536(n) of the new bill, enables broader capital gains tax planning and faster loss absorption.“Under clause 536(n) of the new tax bill, 2025 any capital loss, whether long-term or short-term, computed under the old Income Tax Act, 1961 and brought forward as on 31 March 2026, may be set off and carried […]

[ad_1] MUMBAI: IndusInd Bank reported a quarterly loss of Rs 2,236 crore for the three months ending March 2025, reversing a net profit of Rs 2,346 crore in the same period a year earlier. It was the bank's first quarterly loss since March 2006.This disclosure follows the abrupt exits of its chief executive and his deputy last month after the bank unearthed widespread irregularities in its foreign exchange derivatives and microfinance portfolio. The bank managed to record a profit of Rs 2,642 crore for FY25, which was 70% lower than Rs 8,950 crore in the previous year.In filings to the stock exchange, the bank said internal and external reviews uncovered a fresh fraud where Rs 172.6 crore was wrongly booked as fee income in its microfinance arm. Broader discrepancies spanned derivative trades, income recognition, and the classification of assets and […]

[ad_1] State-owned Oil India Ltd on Wednesday reported a 21 per cent decline in its net profit for the January–March quarter of FY25, citing lower crude oil and natural gas prices as key factors behind the drop.The company posted a net profit of Rs 1,591.48 crore in the fourth quarter of 2024–25, down from Rs 2,028.83 crore in the corresponding period last year, according to a regulatory filing. Revenue also fell to Rs 6,182.79 crore from Rs 6,589.91 crore a year earlier.Despite the quarterly decline, Oil India achieved its highest-ever combined oil and gas production in FY25, reaching 6.71 million tonnes of oil equivalent, the company said in a statement.Crude oil production during the year ended March 31, 2025, rose by 2.95 per cent to 3.458 million tonnes, while natural gas output increased by 2.20 per cent to 3.252 billion […]

[ad_1] NEW DELHI: The Central Consumer Protection Authority has issued notice to ride hailing platform Uber over its ‘advance tip’ feature in its app for availing faster service, calling it an unethical and unfair trade practice. The authority is also looking into similar practices by other platforms such as Rapido and Ola, sources said.Announcing the authority’s action following complaints from users, consumer affairs minister Pralhad Joshi on Wednesday said on X, “The practice of ‘advance tip’ is deeply concerning. Forcing or nudging users to pay a tip in advance for faster service is unethical and exploitative. Such actions fall under unfair trade practices. Tip is given as a token of appreciation not as a matter of right, after the service.” The CCPA has asked Uber to respond to the notice within 15 days.Consumer affairs secretary and CCPA chief commissioner Nidhi […]

[ad_1] Donald Trump's ally Laura Loomer called for restrictions on H-1B visas after the US banned Indian travel agents accused of illegal migration.Loomer, a vocal critic of immigrant employment, posted on X: "Let’s go. Now do the H1B visas. Thank you for your attention to this very important matter!"Her remarks come after the US government implemented visa restrictions on travel agencies, including their owners, executives and senior officials linked to illegal immigration.Visa Revokes, Rising Costs, & Trump 2.0: Should Indian Students Still Choose the U.S. in 2025?The H-1B programme, which allows US firms to hire highly skilled foreign workers, has once again come under fire, especially from MAGA supporters and tech workers, who argue it threatens American jobs and contradicts Trump’s “America First” promise."We are working closely with our consular teams in India to identify and take action against individuals […]

[ad_1] InterGlobe Aviation, the parent company of budget carrier IndiGo, posted a 62% year-on-year rise in its consolidated net profit for Q4FY25 at Rs 3,067 crore, compared to Rs 1,895 crore in the same quarter last year.The profit is attributable to the owners of the company.The airline's board has recommended a dividend of Rs 10 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend payment will be completed within 30 days of its declaration at the AGM, according to an ET report.The company reported revenue from operations of Rs 22,152 crore for Q4FY25, marking a 24% increase from Rs 17,825 crore in the corresponding quarter of the previous fiscal. On a sequential basis, profit after tax (PAT) rose 25% from Rs 2,449 crore in Q3FY25, while revenue saw a marginal uptick from Rs […]

[ad_1] India's imports of Russian crude oil are set to reach nearly 1.8 million barrels per day in May, the highest in 10 months, according to ship tracking data from Kpler, as domestic refiners ramp up purchases of lighter Russian grades like ESPO Blend.Strong demand from the world’s third-largest oil consumer is expected to continue into July, with Indian refiners reportedly ordering more than 10 cargoes of June-loading ESPO crude just last week, traders told Reuters.The surge in buying comes ahead of new EU and UK sanctions targeting Russia’s “shadow fleet” of oil tankers and associated financial entities, raising questions about future logistics and pricing.India’s appetite for Russian ESPO crude has also triggered a rebound in spot premiums for shipments delivered to China, the largest buyer of the Far East-exported grade from Russia’s Kozmino port.According to Jay Shah, senior oil […]

[ad_1] NEW DELHI: The Government of India has introduced the ePassport which is a combined paper and electronic passport featuring an embedded RFID chip and antenna. The chip securely stores the passport holder’s personal and biometric data and is visually identified by a small gold-coloured symbol on the front cover.With this rollout, India joins over 120 countries, including the United States, Canada, France, Japan, and Australia, in issuing biometric e-passports. This move aligns India with ICAO international standards and represents a major step forward in enhancing national security and streamlining cross-border travel.As global travel rebounds and border security becomes ever more critical, the ePassport equips Indian travellers with a safer, smoother experience abroad. By adopting biometric technology, India underscores its commitment to digital innovation and positions itself at the forefront of modern identity management.Key benefits of ePassportEnhanced Data Security: The […]