A global brokerage firm, Jefferies, noted that this could result in accelerated market share shifts and, in theory, an effective duopoly, which could add 93 per share upside potential. However, there is growing concern that telecom tariff increases may not occur until after general elections in May 2024. Reliance Industries Ltd. (RIL) offers 36% upside…
Here’s a new routine to save taxes and a chance to increase wealth by consistently investing in an equity linked savings plan. When a behaviour is repeated frequently and consistently, it becomes a habit. Repeating a habit is simple to do once it has been established. Our daily life and many other things that we…
MUMBAI: On Thursday, the benchmark Sensex for Indian equities fell 290 points to close below the 58,000 level following a sell-off in sectors related to banking, finance, and IT amid a sluggish trend in European equities.Meanwhile, intense selling pressure in Reliance Industries, an index heavyweight, increased the pressure, according to brokers.The 30-share BSE Sensex dropped…
Toshiba Corp. accepted a $15.3 billion buyout bid from a Japanese consortium, according to the Nikkei newspaper, putting an end to a difficult chapter in the more than 140-year history of the venerable corporation.The newspaper stated, without providing sources, that the Tokyo-based company’s board had authorised a proposal of almost 2 trillion yen ($15.3 billion)…
Investors were uneasy even before central banks around the world were able to control inflationary pressures due to a possible spread of the US and European banking crisis. In fact, a systemic credit risk is currently the top tail risk for the markets, according to the BofA March Global Fund Manager Survey. As a result,…
Future and option (F&O) traders on the stock market will need to exercise extra caution starting in the following fiscal year because the NSE has decided to end the “Do Not Exercise” (DNE) option for them as of March 30, 2023. Since the stock market will be closed on March 30 to observe Ramnavmi across…
According to persons familiar with the situation, Indian entrepreneur Anil Agarwal is researching measures to reduce the enormous debt load weighing down his commodities business empire, including selling a minority investment in Vedanta Ltd. Those who spoke on the condition of anonymity because the information is confidential stated that Agarwal is considering the prospect of…
In NEW DELHI: It is important to ensure you have maximised the tax benefits available to you as the fiscal year comes to a conclusion. Several actions can help lower your taxes in addition to using the Section 80C deductions. Here are some wise tax decisions you should make in the coming days.Create an account…
BENGALURU: After a Bloomberg story that the Indian tycoon was considering selling less than 5% of the business, Vedanta Ltd, which is owned by billionaire Anil Agarwal, claimed on Thursday that any talk of a stake sale in the big mining company was “untrue and false.”After the report, Vedanta’s stock price dropped as much as…
India will use an offer for sale to sell up to a 3.5% stake in its aerospace and defence company, Hindustan Aeronautics (HAL) (OFS). The sale will start on March 23 and go through March 24. The 3.5% stake sale was made up of a base offer of 1.75% and an option of 1.75%. Through…
