Last week, Nifty Fifty closed with positive notes and gained around 0.63%. During this week, Nifty Fifty has registered a gain of 1.03% over previous Friday’s close. Equity market traded with negative note on Monday due to weakness in global markets amid disappointing Chinese data dented sentiment. Market ended with positive note on Tuesday as […]
Category: Business
The Central government has removed two Punjab National Bank (PNB) Executive Directors — Sanjiv Sharan and K.Veera Brahmaji Rao — for the lapses in the Rs 13,500 crore fraud allegedly perpetrated by absconding diamantaire Nirav Modi. The PNB has intimated the action to the stock exchanges on Friday. “We welcome the Central government’s action to […]
New business powers strong Q3 show; maintain Buy *SBI Life (SBIL) reported gross written premium (GWP) growth of 34.4% yoy and 19.3% qoq to Rs91.7bn, led by higher-than-expected new business premium (NBP) reflected in monthly data (already priced in) and consistent improvement in renewals at Rs52.7bn (+35% you). * Value of new business (VNB) margin […]
Gandhinagar: Reliance Industries Chairman and Managing Director Mukesh Ambani Friday urged Prime Minister Narendra Modi to take steps against ‘data colonization’, especially by global corporations, stating that Indian data must be owned by Indians. Invoking Mahatma Gandhi’s movement against political colonization, Ambani said India now needs a new movement against data colonization. ‘Gandhiji led India’s […]
Now Get InvestmentGuruIndia.com news on WhatsApp. By Nick Carey WYOMING, Mich. – Bob Roth makes no bones about his feelings towards U.S. manufacturing. The co-owner and chief executive of RoMan Manufacturing Inc, which makes transformers and glass-moulding equipment for automakers and other industries, ask callers on his voicemail: “What have you done today to support […]
* TCS’ 3QFY19 revenue rose 1.8% QoQ in CC terms, while EBIT margin declined 90bps QoQ owing to higher wage costs and SG&A expenses. * From a vertical perspective, Life Sciences & Healthcare (+2% QoQ), Energy & Utilities (+2.9%) and Regional Markets & Others (+2.3%) saw decent growth in USD terms. * The IT major […]
Jet Airways on Wednesday said a resolution plan is currently being discussed with stakeholders. State Bank of India said on Thursday lenders of Jet Airways Ltd were considering a restructuring plan for the debt-laden carrier. Jet said on Wednesday a resolution plan, currently being discussed with stakeholders, contemplates options on the debt-equity mix, proportion of […]
This is the time of the year when most salaried employees start planning their tax-saving investments, after several reminders from their human resources departments. And though the purpose of life insurance is to provide risk coverage, the fact remains that it continues to be a preferred option for tax saving. Tax laws allow you certain […]
The central government could propose massive benefits to the taxpayers in the upcoming interim budget. The measures mooted include lifting the income tax exemption threshold from Rs 2.5 lakh to Rs 5 lakh and the reinstatement tax-free status to medical reimbursement and travel allowance. Finance Minister Arun Jaitley could announce the new direct tax tweaks […]
New Delhi, Jan 15: Finance Minister Arun Jaitley in a pre-poll sop may increase the income tax exemption threshold for the salaried class from 2.5 lakh to Rs 5 lakh. The middle class which was under considerable strain after demonetisation would benefit from this move. In the interim budget, Jaitley may also reinstate tax-free status […]