All you need to know before the market opens today: Dow, NASDAQ fall up to 3.6 per cent on Tesla, Google earnings disappointment; Nikkei slides 2.7 per cent. GIFT Nifty quotes near 24,200 levels.
Posts in category Business Standard
Schaeffler, SBI Card; top picks by Jigar S Patel of Anand Rathi for July 25 (25-07-2024)
Schaeffler experienced a significant decline after reaching its peak near Rs 4,950, dropping approximately 1,155 points, which translates to a substantial 23 per cent decrease in price
Brokerages raise bets on FMCG, IT, consumer stocks after Budget 2024 (25-07-2024)
Here are ten stocks where brokerages expected the maximum upside in their share price over the next 12 months
Union Budget 2024 remains largely neutral for stock markets in India (25-07-2024)
A breakout of 3% plus or minus – say 750 points on the Nifty – would reset the medium-term trend but this Budget does not seem to have provided the triggers either way
Ajit Mishra of Religare Broking recommends buying these stocks on July 25 (25-07-2024)
The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase. After a flat start, the Nifty fluctuated within a narrow range, eventually closing at 24,413.50.
Main focus of foreign investors will be on capital gains tax: Mark Matthews (25-07-2024)
“There were indeed no big-bang announcements, but on the other hand I don’t think the market was expecting any”
I-T dept says changes in capital gains tax to promote ease of compliance (24-07-2024)
The income tax department on Wednesday issued a FAQ on changes in the capital gains tax saying the idea behind it was to simplify the tax structure and promote ease of compliance.
The holding period for various asset classes for the purpose of short- and long-term capital gains tax has been rationalised.
The holding period of all listed assets will be now one year for the purpose of long-term capital gains tax (LTCG). Therefore, for listed units of business trusts (ReITs, InVITs) holding period is reduced from 36 months to 12 months.
The holding period of gold, unlisted securities (other than unlisted shares) is also reduced from 36 months to 24 months for calculating LTCG. The holding period of immovable property and unlisted shares remains the same as earlier i.e. 24 months.
“Simplification of any tax structure has benefits of ease of compliance viz computation, filing, maintenance of records. This also removes the differential rates for various classes of assets,” the income tax
Investors hold on to gold ETFs even as prices slump after custom duty cut (24-07-2024)
Adjusted for fall in NAV, AUM of gold ETFs remain unaffected
Investors hold on to gold ETFs even as prices slump after custom duty cut (24-07-2024)
Adjusted for fall in NAV, AUM of gold ETFs remain unaffected
Success rate of buyback programs could decline under new tax structure (24-07-2024)
From October 1, the gross proceeds received on buyback of shares will be taxed in the hands of the shareholder as ‘deemed dividend’