Cotton prices take a knock as farmers offload stocks
The daily arrival of cotton in the markets has increased fivefold to 100,000 bales (each weighing 170 kg) from the historical average of 20,000 bales a day in May.
Threshold for TDS levy on net winning from online gaming at Rs 100: CBDT
The Central Board of Direct Taxes (CBDT) has notified Rule 133 of the I-T Rules defining the manner and procedure for deduction of the TDS. Net winnings of an online gamer would be calculated after subtracting the total deposits and opening balance in the user account from the amount withdrawn.
As AI becomes new buzzword, here_s how such Indian stocks are doing
Odisha to provide free crop insurance to farmers for 3 years
“The Cooperation Department would bear the premium of the insurance from the 2023 Kharif season to the 2025-26 Rabi season. Odisha is the first state in the country to provide free crop insurance to farmers,” Naveen Patnaik said.
What are the features and benefits of NPS scheme? Pankaj Mathpal explains
Basically there are different models for central government as from their salary 10% is deducted and 14% government contributes in that so that is one model.
Tech View: Nifty charts show consolidation between 18,000 & 18,400. What should traders do on Tuesday?
Indian equity index formed a bullish trend as it successfully moved above its previous lower highs of the past four sessions. The index must not fall below 18281 zones for an upward trend towards 18400 and 18442 zones. On the downside, supports remain at 18181 and 18081 zones. The daily momentum indicator conveyed negative crossover, […]
Shreyas Shipping to delist from exchanges. Will retail investors get a fair exit?
Shreyas Shipping and Logistics promoters have suggested delisting the company from exchanges to obtain full control over operations, reducing compliance costs and providing more time for business operations. Under this proposal, Shreyas Shipping’s shares would be purchased from public shareholders through reverse book building. This move could enable an exit opportunity for shareholders at a […]
FII tracker: Rs 20,000 crore just flew into banks & other 5 sectors
Foreign institutional investors (FIIs) have invested over ₹20,000 crore ($3.1bn) into Indian stocks in the first two weeks of May. Figures from NSDL reveal that financial stocks were the most popular picks for investors, who contributed ₹8,382 crore. Automobiles ranked second, with investments of ₹4,705 crore. Within emerging markets, India is most attractive to investors […]
Rs 2,000 notes withdrawal can increase bank deposits by Rs 2 lakh crore
The Reserve Bank of India’s withdrawal of INR2,000 ($27) bank notes is predicted to raise bank deposits by as much as INR2tn ($27bn), according to economists. “On a net basis, it is likely that deposits increase by INR1.5-2tn. Durable liquidity could increase by around INR1tn depending on the behaviour of depositors”, said Kotak Mahindra Bank […]
Should you buy, sell or hold Delhivery post Q4 earnings?
Logistics company Delhivery, which reported Q4 earnings in line with estimates, received positive ratings from top brokerages. Morgan Stanley is “Overweight,” Kotak Institutional Equities is “Buy,” while BofA is “Neutral” on the stock. January-March revenue fell 10% to Rs1,859 crore YoY, while net loss widened to Rs158 crore from Rs119 crore. Adjusted EBITDA turned positive […]