After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India’s (RBI’s) optimism about private investments picking up.
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Undeclared foreign assets? Taxmen are here to help you (16-11-2024)
The income tax department on Saturday said it has launched a campaign to send messages to taxpayers who have not disclosed high-value foreign income or assets in their ITRs for AY 2024-25. The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their income tax returns (ITR).
Govt plans private textile parks to curb China imports (16-11-2024)
To curb raw material imports from China and promote textiles, the Uttar Pradesh government is looking to set up nearly a dozen private textile parks in the state. The textile parks would be established under the UP Textile and Garmenting Policy 2022.
Movers & Shakers: Stocks that will see action this week (16-11-2024)
Here is what the charts say about shares of DCM Shriram, One 97 Communications and Uno Minda
FPIs extend Indian equity sell-off amid ‘Trump Trade’ and lofty valuations (16-11-2024)
Net sold equities worth $ 2.66 billion so far in November; also sold Indian debt to the tune of ₹4,717 crore this month
Affle has a unique business model, unmatched network effects & prudent acquisition strategy (16-11-2024)
Affle has a unique business model, unmatched network effects & prudent acquisition strategy. It is well-positioned to capitalize on growth in digital advertising in high-potential sectors such as e-commerce, fintech, gaming & entertainment. TP ₹2538 (60%)
Affle has a unique business model, unmatched network effects & prudent acquisition strategy
Their Lives Were Bound by a Fraud Case; Their Fates by a Sinking Yacht (16-11-2024)
Mike Lynch and Christopher Morvillo spent 12 years together fighting a legal battle over two continents. Their victory celebration ended in tragedy.
Factors that will drive long-term gains for ABB (16-11-2024)
ABB reported a weak quarter. Revenue was at Rs 2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at Rs 540 crore, up 23 per cent and net profit at Rs 440 crore.
NTPC Green IPO to open on November 19, can be subscribed for long term gains: SBI Securities (16-11-2024)
The SBI Securities report, however, cautions that NGEL depends on imported solar panels and other components without long-term contracts, making it vulnerable to supply chain disruptions
Concord Biotech is a good buy after 30% correction. Jhunjhunwala holds stock in portfolio (16-11-2024)
Concord Biotech is one of the stocks in the portfolio of Rakesh Jhunjhunwala.
Rekha Rakesh Jhunjhunwala holds 25,199,240 equity shares, or 24.09 per cent stake in the company as of September 30, 2024. Her stake in the company as of November 14, 2024 is worth Rs 4,675 crore.
Concord Biotech has a market capitalization of Rs 19,800 crore. It reported a net…
Concord Biotech is a good buy after 30% correction. Jhunjhunwala holds stock in portfolio