Business

[ad_1] Market watchers will focus on crucial inflation data due Tuesday, including India's CPI and the US Core CPI figures. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Tuesday a day after an over 3.5% rally. While Nifty50 went below 24,800, BSE Sensex was below 82,000. At 9:30 AM, Nifty50 was trading at 24,759.25, down 165 points or 0.66%.BSE Sensex was at 81,809.77, down 620 points or 0.75%.Indian stock markets saw significant gains on Monday, with the Nifty index reaching a seven-month peak. Market watchers will focus on crucial inflation data due Tuesday, including India's CPI and the US Core CPI figures.The market will also monitor quarterly financial results from prominent firms like Bharti Airtel and Tata Motors, which could influence sector performance. Experts suggest that Indian markets are […]

[ad_1] MUMBAI: In three companies - One97 Communications (Paytm), Aether Industries, and KFin Technologies - institutional shareholders and promoters are selling large chunks of their holdings to raise about Rs 3,900 crore, term sheets for the deals showed.In Paytm, Antfin (Netherlands) Holding, one of the early investors in the digital payments solutions pioneers in India, is selling shares worth about Rs 2,070 crore. Antfin is selling about 4% of the company at a floor price of nearly Rs 810 per share through block deals. In another block deal, General Atlantic Singapore, KFin Technologies' biggest shareholder, is selling about 6.9% in the company for about Rs 1,210 crore. [ad_2] Source link

[ad_1] Image used for representative purposes NEW DELHI: Cyber security watchdog CERT-In on Monday issued a vulnerability advisory regarding certain versions of Apple's iOS operating system and iPad operating system as they may allow malicious applications. "A vulnerability in Apple's iOS and iPad OS may allow certain malicious applications to cause affected devices to become unresponsive or non-functional until restored," CERT-In said in an advisory. It assessed it as a "high risk" event which can render the devices inoperable. [ad_2] Source link

[ad_1] MUMBAI: A ceasefire between India and Pakistan lifted investor sentiment on Dalal Street on Monday, spurring the sensex and Nifty to their biggest single-day gain ever in terms of points. The day's rally also made investors richer by Rs 16.2 lakh crore, marking the biggest one-day gain in market capitalisation.After an initial surge in the two leading indices, news about a US-China trade deal further boosted market sentiment, brokers and analysts said. At the close of Monday's session, the sensex was at 82,430 points, up 2,975 points or 3.7%, while Nifty was up 917 points or 3.8% at 24,925 points. At the closing level, the sensex was at an over seven-month high level. The day's rally also lifted India's market capitalisation to Rs 432.6 lakh crore, translating to just above the $5-trillion market cap mark again.According to Devarsh Vakil […]

[ad_1] Income tax department has notified all seven Income Tax Return (ITR) forms for the assessment year 2025-26. While ITR Forms 1 and 4, used by small and medium taxpayers, were notified on April 29, ITR-7, applicable for trusts and charitable institutions, was notified on May 11.One important change has been introduced in ITR-1 and ITR-4, notified on April 29, relating to the reporting of capital gains income from listed equities, as reported by news agency PTI.Now, salaried individuals and those under the presumptive taxation scheme, having long-term capital gains (LTCG) of up to Rs 1.25 lakh in a financial year, will be able to file ITR-1 and ITR-4, respectively. Earlier, such persons/entities were required to file ITR-2.Under the Income Tax law, LTCG of up to Rs 1.25 lakh from the sale of listed shares and mutual funds is exempt […]

[ad_1] Capital expenditure (capex) at small private airports in India is expected to increase by 50–60 per cent annually over the next three years, driven by capacity expansion amid rising terminal utilisation levels, ratings agency Crisil said on Monday.In contrast, capex at large private airports is projected to decline over the same period, as most of their capacity expansion projects are either completed or nearing completion, the agency added as quoted by news agency PTI.Despite the uptick in investment at smaller airports, the overall capex by private airports is expected to slow marginally by 10–15 per cent to around Rs 40,000 crore over the next three years, according to Crisil.The agency’s analysis is based on the capex plans of 11 operational private airports and two soon-to-be-operational ones, which together account for more than 95 per cent of India’s private airport […]

[ad_1] State-owned Punjab National Bank (PNB) is aiming to expand its lending to the RAM segment—comprising Retail, Agriculture, and MSMEs—to 58 per cent of its total loan book in the current financial year, up from 56 per cent in FY25, according to Managing Director and CEO Ashok Chandra.The bank ended FY25 with RAM segment loans standing at Rs 6,02,682 crore, accounting for 56 per cent of its total advances. The planned increase in RAM exposure, Chandra said, will help cushion the bank against margin pressure arising from rate cuts in corporate and repo-linked lending rate (RLLR) portfolios, according to news agency PTI."We are planning to increase RAM from 56 per cent to 58 per cent in this financial year because that will give me the cushion against loss which is happening due to reduction in the interest rate in the […]

[ad_1] The Income-tax framework has undergone key changes as Income Tax Department has recently updated the capital gains taxation table, especially taxation on securities-related income earned by residents, non-residents, and foreign institutional investors The new tax regime now mandates higher capital gains tax rates on equity transactions and introduces revised thresholds for long-term capital gains (LTCG) exemptions.It’s important to note that the tax rates for both long-term (LTCG) and short-term (STCG) gains differ across various asset classes for investors. These revised tax rates apply to individuals under both the new and old tax regimes, as they are considered special rate incomes.These rules hold critical implications for investors in equity shares, mutual funds, business trusts, Global depository receipts (GDRs), and foreign bonds, and necessitate renewed attention from financial advisors, tax consultants, and institutional fund managers.To provide a clearer picture of how […]

[ad_1] Defence-related stocks extended their gains for a second consecutive session on Monday, buoyed by broader market optimism and rising expectations of increased government focus on the defence sector.Shares of Axiscades Technologies jumped 5 per cent, while Data Patterns (India) Ltd rose 3.88 per cent. Mishra Dhatu Nigam Ltd gained 3.40 per cent, and Bharat Electronics Ltd rallied 2.23 per cent. Other notable gainers included DCX Systems, which advanced 1.61 per cent, and Garden Reach Shipbuilders & Engineers Ltd, up 1.37 per cent on the BSE.Drone manufacturing companies also saw strong interest. Ideaforge Technology Ltd surged 6.09 per cent, and Droneacharya Aerial Innovations rose 4.99 per cent, news agency PTI reported.The rally in defence stocks mirrored a sharp rebound in the broader market. The benchmark 30-share BSE Sensex soared 2,975.43 points, or 3.74 per cent, to settle at a seven-month […]

[ad_1] US stock index futures rose sharply on Monday after the United States and China agreed to scale back tariffs, easing fears of an escalating trade war that had weighed heavily on global markets in recent weeks.US Treasury Secretary Scott Bessent, following talks with Chinese officials in Geneva, announced that the two nations have agreed to a 90-day pause on additional trade measures. During this period, tariffs will be reduced by over 100 percentage points, bringing them down to 10%."This marks a pivotal moment in global trade dynamics," said Aaron Hill, chief analyst at FP Markets. "However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic rather than a permanent resolution, creating uncertainty about long-term trade policies."The announcement had an immediate impact on market sentiment. At 4:08 a.m. ET:Dow E-minis were up 822 points, or 1.99%S&P 500 E-minis […]