Of the 91 issues, six have delivered returns exceeding 100 per cent...
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India’s equity markets touched $5.29 trillion market cap this year, 4th largest globally
“The investor’s preference towards equity as an investment avenue...
Over 42 lakh new investors join Indian stock market in November
Among states, Maharashtra currently leads with the highest number...
92% Indian tax payers within Rs 10 lakh gross total income bracket
The taxpayers' profile in India is that more than 92 percent filers are in the 0-Rs 10 lakh gross total income bracket, beyond Rs 10 lakh-Rs 50 lakh is 6-7 percent and from Rs 50 lakh to Rs 5 crore is 0.6-0.7 percent and beyond Rs 5 crore of gross total income it is...
Govt working on classification of cryptocurrency under GST law
'There is a clarity needed in regard to levy of GST on cryptocurrencies and whether it has to be levied on the entire value, We are seeing whether cryptocurrencies can be classified as goods or services and also removing any doubt on whether it can be called an...
Investor wealth rises Rs 19 trn as Sensex soars 5,000 pts in 8 sessions
The valuations of Indian markets having moderated, geopolitical tensions subsiding, and with more clarity on the timeline for policy rate hikes by the US Federal Reserve, the volatility in the markets is expected to abate, said brokerage house Samco Securities in a...
Be ready to lose all your money in crypto, EU regulators warn
Regulators are increasingly worried that more consumers are buying 17,000 different cryptoassets, including bitcoin and ether, which account for 60% of the market, without being fully aware of the risks LONDON:, Consumers risk losing all their money invested in...
Adani adds $49 bn wealth in 2021, higher than Jeff Bezos, Elon Musk
Gautam Adani 'Over the last 10 years, Indian billionaires added circa USD 700 billion to their cumulative wealth - this is equivalent to Switzerland's GDP and twice the GDP of the UAE!,'' he said New Delhi: Gautam Adani, India's and Asia's second-richest person, added...
Investors richer by over Rs 13.16 lakh cr in five days of market rally
Domestic equities opened flat but gained momentum during the session, extending the rally for the fifth consecutive day. Global markets were mixed amid hopes for a diplomatic solution to the Ukraine war, but cautiousness prevailed as uncertainty looms with the...
Govt has time till May 12 for LIC IPO without seeking fresh Sebi approval
The official further said that although the market volatility has reduced in the last fortnight , it would wait for the market to stabilise further so that retail investors get confidence to invest in the stock. LIC has reserved up to 35 per cent of its total IPO size...
FPI selling continues for 6th straight month; net outflows at Rs 45,608 cr in March so far
Foreign portfolio investors (FPIs) fear that India would be impacted more by commodity price hikes, particularly in crude oil, since India is a major importer, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services Mumbai: Continuing their...
EPFO interest rate reduced to 4 decade low at 8.1% for 2021-22
Now, after the CBT decision, the interest rate on EPF deposits for 2021-22 will be sent to the Ministry of Finance for concurrence. EPFO provides the rate of interest only after it is ratified by the government through the finance ministry New Delhi: Retirement fund...
Russians liquidating crypto in the UAE as they seek safe havens
A financial source in the UAE confirmed that Russians were buying property in Dubai, using crypto as a way of getting their money out of other jurisdictions and into the Gulf state Dubai, the Gulf's financial and business centre and a growing crypto hub, has long been...