Investments News

5 ways the Budget benefits Service Sector professionals

5 ways the Budget benefits Service Sector professionals

Revision in income tax is perhaps the first thing that the common man, especially professionals from the service sector expect from any Union Budget.  The expectations from Finance Minister Nirmala Sitharaman's Budget were no different.  However the Finance Ministry left income tax slabs u...

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Buy Gold? Sitharaman proposes revising duty in 2021 Budget

Buy Gold? Sitharaman proposes revising duty in 2021 Budget

Mumbai: Gold which had reached dizzying heights of Rs 57,000 in August 2020 and an epic contraction in Christmas'20 was likely to see more contraction after the swearing of the US President.  Turns out Gold in India could get a tad affordable. This could be the perfect opportunity for those who...

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Unsold residential units may get extended tax break

Unsold residential units may get extended tax break

New Delhi: The real estate sector may be in for further bonanza with the government looking to extend tax free status of income accruing from unsold residential units by another year.Sources said that a proposal is being examined by the Centre to defer the implementation of provisions relating to th...

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Composition of heavyweight stocks on Indian bourses static over last decade, sectoral composition changes

Composition of heavyweight stocks on Indian bourses static over last decade, sectoral composition changes

New Delhi: The growth of the Indian economy over the last decade and mushrooming of large sized companies over the period has not changed the character of the stock markets as the same old entities that became heavyweights on the bourses 10 years back continue to outperform others even today.Accordi...

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Majority of Indians plan to purchase property in 2021: Report

Majority of Indians plan to purchase property in 2021: Report

New Delhi: Around 82 per cent of the people across the major cities plan to buy a residential property in 2021, according to a report by NoBroker.com.The purchase sentiment among the people last year was 64 per cent. The report titled 'India Real Estate Report 2020' showed that 89 per cent of people...

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Forecast: How Saturn's movement will influence Sensex in 2021

Forecast: How Saturn's movement will influence Sensex in 2021

A spate of astrological factors combined in late 2019 to unleash one of the gravest challenges faced by humanity in the form of the Covid pandemic. What began in December 2019 as a seemingly small viral infection in a remote location in China, slowly escalated into a major humanitarian crisis over t...

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Burger King's dream run continues, hits 20% upper circuit

Burger King's dream run continues, hits 20% upper circuit

Mumbai: Shares of quick restaurant service provider Burger King India Ltd. continued to surge on Wednesday as it hit the upper circuit for the third straight day.On Wednesday, its shares on the BSE reached Rs 199.25, rising Rs 33.20 or 19.99 per cent from its previous close.The company's stock got l...

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Automotive stocks: Mahindra counters witness heavy volume

Automotive stocks: Mahindra counters witness heavy volume

Mumbai: Automotive stocks on Wednesday witnessed a positive traction with the S&P BSE Auto sectoral index gaining by 0.89 percent to quote 20,886.53.  The stocks in action on the index were Mahindra and Mahindra (up by 2.66 percent or 17 points) and Ashok Leyland (up by 4.2 percent) in the ...

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Sensex and Nifty off to fresh peaks amid robust FII activity and positive cues

Sensex and Nifty off to fresh peaks amid robust FII activity and positive cues

Mumbai: Domestic equity indices rushed to fresh peaks at the start of Wednesday.  BSE Sensex and NSE Nifty touched all-time highs. The BSE Sensex hit 46,599.02 while the Nifty50 on the National Stock Exchange touched 13,666.45 points.On the Sensex stocks of M&M, Nestle Industries, ONGC, Asi...

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Franklin Templeton urges investors to vote for winding up of 6 schemes

Franklin Templeton urges investors to vote for winding up of 6 schemes

Delhi: As the Supreme Court has directed Franklin Templeton Mutual Fund to seek consent of the unit-holders for winding up the six schemes, the mutual fund house urged the investors to vote in favour of the closure, suggesting that it would result in the "best possible outcome" for them.In a letter ...

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