Posts in category Economic Times
Tax parity for IFSC funds to help HNIs avoid US inheritance levy (19-06-2024)
Wealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City to attract HNI investors.
Indices touch new peaks, Sensex tops 77,000 mark (19-06-2024)
India's Nifty and Sensex hit fresh highs, with Sensex closing above 77,000 for the first time after a bullish wave since June 4 election results.
Lack of depth in mid- & smallcap rally hints all’s not shining on D-Street (19-06-2024)
Mid-cap and small-cap indices in 2024 have seen a remarkable surge, with 20 stocks driving 50% of each index's rally, as per reports. The top contributors include PSUs, financial services, and energy companies.
Stocks in news: Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma (19-06-2024)
Domestic markets start positively with Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma in focus. ZEE appoints acting CFO. Tata Technologies partners with Microsoft. Wabco to sell ZF equity. Craftsman Automation launches QIP. Fosun Pharma reduces stake. Vedanta monetises steel business. Goldman Sachs sells One 97 shares; Vodafone sells Indus Towers shares; Generative AI hackathon.
Akme Fintrade collects Rs 38 cr from anchor investors; IPO to open on Jun 19 (18-06-2024)
The Udaipur-based company has allocated 31.35 lakh equity shares to anchor investors at Rs 120 each, amounting to Rs 37.62 crore. The company's Rs 132 crore IPO includes a fresh issue of 1.1 crore equity shares, with a price band of Rs 114-120 per share. The subscription period for the IPO will open on June 19 and close on June 21.
Bitcoin falls below $66,000 level ahead of Federal Reserve officials’ speeches (18-06-2024)
Vikram Subburaj, CEO of Giottus, noted that Bitcoin has fallen below $66,000, erasing its weekly gains. BTC’s price action suggests a further decline in the short term, with critical support at $63,000. If this trend persists, altcoins will continue to suffer against Bitcoin.
Ahead of Market: 10 things that will decide D-Street action on Wednesday (18-06-2024)
Domestic headline indices Nifty 50 and Sensex finished at record closing highs yet again boosted by strong domestic inflows as well as a climb in global equities. For the last few days, Nifty has been moving sideways on an intraday basis, but eventually it has moved up above 23,500. MACD showed bullish trade on the counters of ABB India, Hindustan Aeronautics, Cochin Shipyards, BEML, Godfrey Phillips India, and Cummins India.
Fed’s policy patience warranted amid still-high inflation, Collins says (18-06-2024)
"The appropriate approach to monetary policy continues to require patience, providing time for a methodical and holistic assessment of the evolving constellation of available data," Collins said.