State Bank of India (SBI) Achieves Remarkable Q2 Earnings In a financial report that defied expectations, State Bank of India (SBI) announced a net profit of Rs 14,330 crore for the July-September FY24 quarter. This impressive figure represents an 8% increase from the Rs 13,265 crore the bank earned in the same period a year…
BENGALURU, May 24 Indian shares reversed early gains on Friday after hitting record highs for the second consecutive session. IT stocks fell due to concerns that strong U.S. economic data indicates the Federal Reserve might delay rate cuts. As of 10:20 a.m. IST, the blue-chip NSE Nifty 50 (.NSEI) was down 0.16% at 22,930.80 points,…
In the intricate dance of cosmic possibilities, the evolution of intelligent, technological species hinges on the peculiar concept of the “oxygen bottleneck.” This bottleneck, explored in the research paper titled “The Oxygen Bottleneck for Technospheres,” could be a decisive factor in determining whether extraterrestrial civilizations advance beyond primitive technology. The Essence of Oxygen in Technological…
A new settlement mechanism for foreign portfolio investors (FPIs) has led to efficiency gains of Rs 2,000 crore annually, according to Sebi. The regulator introduced this system on September 9, enabling FPIs to access sale proceeds on the T+1 day. In a circular issued on Wednesday, Sebi stated that FPIs can now obtain the proceeds…
The stock market in India is a bustling and dynamic financial ecosystem, attracting a wide range of traders, from seasoned investors to newcomers looking to make their mark. In this environment, having reliable and accurate benchmarks to guide trading decisions is crucial. One such guiding post in the Indian stock market is the GIFT Nifty….
Red Hat CEO Matt Hicks emphasized India’s expanding enterprise base and technical innovation capabilities as an excellent fit for Red Hat’s growth strategy. He highlighted India’s strong market fundamentals and significant enterprise needs, positioning the country as a key driver for Red Hat’s growth. Hicks also discussed the transformative impact of Artificial Intelligence (AI) on…
In the realm of value investing, few names carry as much weight as Robert Bruce. With a career spanning decades, Bruce has carved out a niche for himself as a shrewd investor with an eye for undervalued businesses. While his approach may seem unconventional to some, his track record speaks for itself. Discovering Undervalued Gems…
Investing in gold can be a lucrative option, and understanding the tax rules associated with different gold investment types is indeed crucial. Here’s a summary of the tax implications for various gold investment options: Digital Gold: Holding Period: Less than 36 months – No direct tax is applicable.Holding Period: 36 months or more – Long-term…
The Delhi High Court, in a significant ruling on April 9, rejected Delhi Chief Minister Arvind Kejriwal’s petition challenging his arrest by the Enforcement Directorate (ED) in the Liquor Policy Scam. Presiding over the matter, Justice Swarana Kanta Sharma emphasized the legality of ED’s actions, reinforcing the integrity of the arrest. Key Points from the…
Groww, the prominent investment platform, has experienced significant growth, outpacing its competitors in market share expansion and investor acquisition. According to recent data from the National Stock Exchange (NSE), Groww’s active investor base surged to 9.5 million in March 2024, marking a remarkable 77.5 percent increase compared to the previous year. This surge propelled Groww’s…
