The uncertainty over the taxability of capital returned to unitholders of real estate investment trust (REITs) and infrastructure investment trusts (InvITs) has spooked investors in these vehicles. The proposed amendment in the Finance Bill 2023 seeks to tax repayment of debt to such unitholders as ‘income from other sources’ under Section 56(2)(xii) of the IT […]
By Royce Varghese WTI Crude oil futures ended the previous week 3.5% higher and closed at $92.09 per bbl, amid bullish IEA outlook, raising its oil demand estimate for 2022. The Paris based agency said higher natural gas and electricity prices will lead to more gas-to-oil switching and forecasted a near 20% drop in Russia’s […]
Reliance Industries chairman Mukesh Ambani celebrates his 66th birthday today. Mukesh Ambani was born on April 19, 1957 in Yemen’s Aden and later moved to India. He was brought up in Mumbai. The business tycoon studied chemical engineering from the University of Bombay before joining his family business, Reliance Industries Ltd (RIL), in 1981. RIL […]
SGX Nifty traded in the red, indicating a lower start for the domestic Indian equity markets at 17,514, down 61 points. On Monday, markets extended their gaining streak, as Nifty rose 0.22% to 17,398, while Sensex added 114 points to settle at 59,106. Markets were closed on Tuesday, 4 April on account of Mahavir Jayanti. […]
Adani Group stocks continued their slide on Tuesday, with six stocks hitting their lower circuit of 5% and the flagship Adani Enterprises slumping over 7%. This followed reports questioning the debt repayment claims by the group. The reports claimed that despite the group announcing it has repaid over $2 billion of debt, banks were yet […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading higher on Monday as a result of positive global cues, while the silver rate is up 0.72%. On Multi Commodity Exchange, gold February futures were trading at Rs 56,057 per 10 grams, up Rs 314 or 0.56%. Silver March futures were trading […]
HDFC Bank on Wednesday informed that the Board of Directors has recommended the reappointment of Atanu Chakraborty as the part time non-executive chairman and independent director of the Bank to the Reserve Bank of India (RBI) for a second term of three years. “The Board of Directors of the Bank at its meeting held today, […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to four stocks/securities on Friday, January 20, 2023. Delta Corp, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), L&T Finance Holdings and Manappuram Finance Ltd are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for […]
On the eve of her birthday, a 24-year-old IT professional was chained, slashed and burnt alive by her childhood friend, who had allegedly undergone a sex change operation to marry her, in the outskirts of Chennai, Tamil Nadu. The incident took place in Thalambur near Kelambakkam, a quiet southern suburb of Chennai. The victim, identified […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading in the positive on Tuesday, while the silver rate is down 0.11%. On Multi Commodity Exchange, gold June futures were trading at Rs 60,111 per 10 grams, up Rs 110 or 0.18%. Silver May futures were trading lower by Rs 85 at […]
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