1:10 PM
Blogger
A man had not filed an income tax return for assessment year 2016-17. The tax department subsequently completed a reassessment without his participation and, on February 15, 2024, assessed his total income at Rs 55.62 lakh. The amount was treated as unexplained cash deposits in a bank account that the department attributed to him.
3:10 AM
Blogger
10:10 AM
Blogger
Stock market recommendations: Axis Bank, and Authum Investment & Infrastructure Ltd have been recommended as the top stocks to buy today on October 9, 2026 by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One.
8:10 AM
Blogger
Anup Bagchi will assume the role of MD and CEO of HDFC Bank on October 27. His target annual compensation is set at Rs 35.9 crore, with potential total pay reaching Rs 43.2 crore. The compensation package includes a fixed pay of Rs 9 crore and a variable pay component capped at Rs 26.9 crore. Bagchi's pay significantly surpasses his previous compensation at ICICI Prudential Life.
11:10 AM
Blogger
The rupee opened at 96.71 against the dollar but improved to 96.65 thanks to intervention from the Reserve Bank of India. External factors, like a robust US dollar and climbing crude oil prices, are still putting pressure on the currency. Additionally, India's forex reserves are diminishing, leading to unease about the rupee's consistency.
8:10 AM
Blogger
RBI governor Sanjay Malhotra indicated that the rupee is undervalued and the central bank will intervene. The rupee closed at 96.78, down 36 paise from the previous day, hitting a five-month low. Malhotra mentioned that global AI stock corrections could attract foreign capital to India. Despite a robust services trade surplus, the current account deficit has widened due to increased merchandise trade deficit.
4:10 AM
Blogger
The Reserve Bank of India has announced a 25 basis points increase in the repo rate to 5.5%. This decision reflects growing inflation pressures and stronger than anticipated economic growth. The rise in interest rates will lead to higher loan EMIs, impacting consumption during the festive season. Banks are expected to increase fixed deposit rates following this policy change.
11:10 PM
Blogger
For individuals who receive a CAS, this means information on their mutual funds, stocks and, going forward, fixed deposits (FDs) can be viewed together in one place. The change will allow demat account holders to see details of their demat holdings as well as bank deposit accounts together in a single CAS.
8:10 AM
Blogger
The World Bank has revised India's economic growth projection to 7.1% for 2026-27, up from an earlier estimate. Strong domestic demand and exports are expected to support this growth despite global challenges. The Indian economy's performance in the first quarter of the current financial year has led to upgrades from various global entities. Agricultural output may be affected by sub-par monsoons, impacting rural demand and food inflation.
7:10 PM
Blogger
The proposal is aimed at ensuring that different channels used to import bullion face similar tax treatment and at reducing classification and valuation disputes that have resulted in lengthy litigation. The issue is likely to be discussed at the GST Council meeting on October 8. Currently, banks and certain nominated agencies are required to pay 3% GST when importing precious metals.
7:10 AM
Blogger
Private banks witnessed considerable credit and deposit growth in the second quarter of FY27. This growth was driven by the RBI's concessional dollar-rupee swap facility for FCNR(B) deposits. Major banks like Axis Bank, Kotak, and HDFC Bank reported varying growth figures, showing the impact of international branches. Although headline numbers appeared strong, underlying growth was more moderate after adjustments.
12:10 PM
Blogger
The rupee started off on a weaker note against the US dollar due to soaring crude oil prices and foreign investors selling off. In response, the Reserve Bank of India is stepping in to curb volatile changes, as forex reserves dwindle. Market analysts anticipate a possible interest rate increase following the upcoming monetary policy meeting, while the dollar index remains robust.
6:10 AM
Blogger
Bankers expect the Reserve Bank of India to raise the repo rate by 25 basis points soon. This marks the end of the rate-cutting phase that began in February 2025. Economists predict inflation will exceed the RBI’s forecasts, necessitating tightening. Experts anticipate resilient growth will provide the RBI room to act despite external pressures. The focus will remain on managing liquidity and aligning rates with policy measures.
10:10 PM
Blogger
This week, prices for gold and silver are likely to experience fluctuations driven by various factors including the strength of the US dollar, rising bond yields, and continuing tensions between the US and Iran. Market participants are closely monitoring the Reserve Bank of India's impending interest rate decision, as well as key economic data that could shape market predictions.
4:10 PM
Blogger
Volatility looms over Indian stock markets as they navigate a complex web of local and global influences. Major factors at play include the upcoming decision on interest rates from the Reserve Bank of India, alongside the eagerly awaited corporate earnings announcements. Additionally, fluctuations in crude oil pricing and global bond yields are expected to mold market sentiment.
RSS Feed
Twitter
