Latest Stock Market News

The earlier we realize this, the better it is. To keep my mind alert and active I ensure that I spend an hour daily or so listening to music and playing with my 8-year-old son and listening to his interesting titbits of the day.

All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rates or deductions under Section 115BBH. Along with the capital gains tax, a 1% Tax Deducted at Source (TDS) fee is applied to crypto asset transfers. Any transaction exceeding Rs 50,000 in a given financial year, the TDS that is deducted will be reflected in 26 AS and the same can be claimed back when filing income tax return.

The divergence ranged between ~10% and ~60% per year, highlighting the obvious but decisive role of getting the sector call right at the beginning of a CY. Both sectors have very natural and pertinent macro linkages.

Major League Cricket (MLC) has been officially inaugurated at the New York Stock Exchange. The newly established T20 professional cricket league in the United States was welcomed by the NYSE ahead of the opening night of the inaugural MLC season on 13 July. Co-founders Vijay Srinivasan and Sameer Mehta marked the occasion, alongside star players including Tim David and Shadab Khan, to celebrate the "growing status" of cricket in the US and the promotion of talented players.

On August 9, 2021, designated depository participant J P Morgan Chase Bank (JPMC), informed Sebi about the delay in intimating about the merger of Fidelity Investments Money Management Inc. (FIMM), a registered FPI, with its affiliate Fidelity Management & Research Company LLC (FMRC).

Net profit in fiscal 2023 rose to ₹239 crore from ₹143 crore the year earlier. Loan acquisitions last fiscal year grew 87% to ₹4,300 crore, while recoveries increased 20% to ₹2,750 crore.

India’s leading equity benchmarks fell nearly 1%, their biggest single-day drop since mid-April — after briefly touching fresh all-time highs in Friday’s trading — dragged down by heavyweight financials, technology, consumer staples and utilities.

Global investment firm Bernstein in a May report valued the holding company of Reliance Retail, called Reliance Retail Ventures (RRVL), at $131 billion (₹10.82 lakh crore). RIL owns 85% of RRVL, which in turn owns more than 99% of Reliance Retail.

The U.S. added the fewest jobs in 2-1/2 years in June, although persistently strong wage growth pointed to still-tight labor market conditions, U.S. government data showed.

In the week ended June 16, bank borrowings were at Rs 5.05 lakh crore, the highest sum since the fortnight ended October 21, Reserve Bank of India data showed. The figures for the week ended June 16 marked the first time since early April that bank borrowings topped the Rs 5 lakh crore mark.