Govt extends deadlines for GST officers to issue demand notices for FY’19, FY’20
AMRG & Associates Senior Partner Rajat Mohan said the extension pertains to issuance of orders for the recovery of tax liabilities, whether due to non-payment, underpayment, or erroneous claim of input tax credit, for the financial years 2018-19 and 2019-20.
Risk of oil price spike impacting FY25 growth is low: CEA V Anantha Nageswaran
Speaking at an SBI-organized economic conclave, Nageswaran expressed optimism, suggesting that a cooling off of economic activity would precede a decline in global interest rates. He emphasized that potential spikes in oil prices in 2024 would likely be countered by a decrease in economic activities.
I am told rice exports are impacted by problems in Red Sea: Commerce Minister Piyush Goyal
The Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, is vital for 30 per cent of global container traffic. It has seen increased tensions with various incidents in 2023, including attacks and military manoeuvres by regional and global powers.
Forget FOMO, Dinshaw Irani would avoid chemical stocks. Here’s why
Dinshaw Irani says: “Among the commodity players, we do not like the cement space. We think there is enough capacity and beyond, just because of the price discipline that they have, they are managing to go ahead and we have seen that. There have been pullbacks in prices and all that. It is not a […]
Govt extends RoDTEP benefits to e-commerce exports
The step will help SME sectors take advantage of government schemes, further pushing e-commerce exports and boosting overall export growth from the country to achieve the target of USD 1 trillion merchandise exports by 2030.
Working target for Nifty@22,300; focus on 5 sectors now: Gautam Shah
Gautam Shah says: “As things stand, things are a little euphoric. I think we have reached a phase of exuberance. And there is this feeling in the marketplace that this will continue forever. But I do believe that as we get into the month of January, be prepared for some volatility, some weakness, some correction. […]
As Nifty speeds towards 22K, don’t try to be a brave trader, book profits: Sanjiv Bhasin
Sanjiv Bhasin says: “Among recently listed companies, Electro Force can still go to Rs 150. As for the others, you have to be a bit cautious. So, do your homework. Largecaps are where you should be overweight now. If you want to stay in the market, be cautious on the midcaps.”
Neeraj Chadawar on 5 themes that will have a bearing on equity market
Neeraj Chadawar says: Based on this manufacturing theme, we identified four stocks for 2024. These are Pitti Engineering, Archean Chemical, Sansera Engineering and Amber Enterprises. Our second theme is PSU banks. We believe that PSU banks are in a bright spot and they will continue their growth momentum in 2024 also and under the PSU […]
Ratan Tata to sell all his 77,900 shares in FirstCry IPO
The average cost of acquisition of shares by Tata comes to Rs 84.72 per share, shows FirstCry’s draft red herring prospectus (DRHP) filed with the market regulator Securities and Exchange Board of India (Sebi). His total investment in the company, therefore, comes to about Rs 66 lakh.
Technical Stock Picks: Asian Paints likely to hit fresh highs in 2024. Time to buy?
Short-term traders can look to buy the stock now or on dips for a possible target above 3600 levels in the short to medium term, suggest experts.