The GST Council, in its 50th meeting on Tuesday, announced that online gaming, horse racing, and casinos would now be subject to a Goods and Services Tax (GST) rate of 28% based on the full face value. Finance Minister Nirmala Sitharaman, who chairs the GST Council, revealed this decision during a press conference in New…
The Indian defense sector is poised for substantial growth, attracting the attention of brokerage firm PhillipCapital. With its positive outlook, the company believes that defense stocks hold significant long-term potential. In this article, we will explore the reasons behind PhillipCapital’s optimism and delve into the key stocks that they favor. Reforms Boosting Efficiency and Self-Reliance…
Introduction In a shocking turn of events, Jack Ma’s speech had a devastating impact on Ant Group, resulting in a loss of approximately $230 billion in valuation. Ant Group, co-founded by Ma, faced significant setbacks after Chinese regulators pulled its initial public offering (IPO) three years ago. This article delves into the consequences of Ma’s…
Equity mutual fund inflows more than double to Rs 8,637 crore in June Smallcap funds continue to be in demand, net inflows surge to 66 percent month-on-month to Rs 5,471.75 crore in June BSE Sensex has risen by around 7 percent since the start of the year, while the index has gained 0.7 percent in…
Adani Group Expands Capital Base and Denies Allegations In a significant move towards fulfilling its transformative capital management program, Adani Group, a leading ports-to-energy conglomerate, has successfully raised a substantial amount of capital. The group, headed by billionaire Gautam Adani, has raised a staggering $1.38 billion (Rs 11,330 crore) through the sale of stakes in…
The Telangana High Court, led by Chief Justice Ujjal Bhuyan and Justice CV Bhaskar Reddy, has delivered a significant verdict by ordering the release of 11,804 acres of land belonging to the Vadarevu and Nizampatnam Port & Industrial Corridor (Vanpic) in Andhra Pradesh (AP). This verdict comes in response to the Enforcement Directorate’s (ED) attachment…
Market Surge Propels Reliance Industries and ITC to Significant Gains In the past week, the 30-share BSE benchmark witnessed a remarkable surge, soaring by 561.89 points or 0.86 percent. On July 7, the Sensex reached an unprecedented high of 65,898.98, reflecting the bullish sentiment in the market. Among the top-10 most valued firms, Reliance Industries…
Introduction In today’s digital age, finding ways to make extra cash has become more accessible than ever. With the rise of the gig economy and various online platforms, individuals can tap into their skills and resources to generate additional income streams. Here are 15 easy ways you can consider to boost your earnings. 1. Participate…
In the latest report by Geojit, it has been observed that most spices on NCDEX experienced an upward trend on Thursday, with the exception of turmeric. Jeera and coriander futures witnessed gains due to strong demand, while turmeric futures faced a decline of over three percent due to tepid demand. Positive Growth in Spices Exports…
The upcoming week in the equity market is expected to be shaped by a range of significant factors, including quarterly earnings from prominent IT companies such as TCS and Wipro, as well as domestic inflation and IIP data. Analysts believe that these key indicators, along with global influences and foreign investor activity, will play a…
