HUL needs rural spark, lower input costs to drive volume push
Incidentally, the silver lining has been the underlying volume growth at 4% – the highest in the past five quarters – aided by the spending on advertising and promotion. The company spent nearly 11% of its revenues on advertising. It took price corrections especially in fabric wash and household care products – passing on the […]
RBI asks banks to track local fund transfers
The Reserve Bank of India mandated banks and payment operators to keep a trail of domestic fund transfers to curb money laundering and frauds. Banks must record beneficiary details and validate transactions with additional authentication. This rule aims to enhance KYC compliance and tackle mule accounts, which have surged recently due to advancements in banking […]
Budget 2024: Bankers hope tax changes make FDs more attractive
In her budget speech on Tuesday, finance minister Nirmala Sitharaman proposed to hike the short-term capital gains tax on all listed equity instruments to 20% from 15%. Long-term capital gains on listed equity instruments and specified financial and non-financial assets have been hiked to 12.5% from 10%. Moreover, the indexation benefit has also been removed […]
Equity, gold or both? A topping of Wall Street? What investors can do with Rs 20 lakh
ET spoke to three top wealth managers for their portfolio recommendations for an investable sum of Rs 20 lakh. All three of them still recommend a majority allocation of 60-70% to equities and the rest to debt and gold.
7 of 10 individual intraday traders lost money: Sebi
The study showed 76% of these traders in intraday segment were under the age of 30 years. The share of traders less than 30 years of age grew to 48% in FY23 from 18% in FY19.
Higher bad loans due to seasonal stress in agri biz, indicates Axis Bank
Axis Bank witnessed a sequential decline in asset quality metrics for the June quarter due to seasonal effects on agriculture business. Gross non-performing asset ratio rose to 1.54%. Net profit marginally increased to Rs 6,035 crore as provisions doubled compared to the previous year. Credit costs are expected to rise, especially in the unsecured portfolio.
Budget 2024 decoded: Capital gains, you & tax
The government in the budget proposed a revamp of the capital gains structure for financial securities. It rationalised long-term and short-term capital gain tax rates and tenures for shares — listed and unlisted — and other products.