How profits on mutual funds are taxed for a salaried person? In addition to my salary income, I have income from equity mutual funds. How will my tax liability be calculated? Reply by Balwant Jain, a tax expert. How much tax do I have to pay? Calculate now Your salary and profits realized on redemption … Read more
The December quarter show of India Inc though, was broadly in line to slightly better than street expectations, there were exceptions which failed to cheer up investors with good numbers. Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the … Read more
Indian Bank Ltd, part of the PSU banking space, has rallied more than 60% in the last 6 months which pushed the stock to a fresh record high in February 2024 which suggests that bulls are here to stay. Short-term traders can look to buy the stock now or on dips for a possible target … Read more
The September quarter earnings of companies across market capitalisation was largely better than expected, with a majority of them seeing robust growth in the profitability and bottomline amid easing cost pressures. A steady growth in the topline as well as the operating profit helped some of the companies in the smallcap segment rebound sharply in … Read more
Automobile companies have kickstarted the current financial year on a very strong note, as a majority of them reported double-digit growth in both revenue and profits for the six months ended September. While growth was board based, four-wheeler makers saw revenue growing at a faster pace than two-wheeler makers. This was on the back of … Read more
The stock market has historically performed well during the festive season. Typically, increased consumer spending during the Diwali season tends to boost company revenues and profits, which results in higher stock prices. The positive sentiment and overall favorable optimism around the festivities drive investor confidence in the market. This often leads to increased buying and … Read more
Mumbai: India’s largest consumer goods firm Hindustan Unilever (HUL), considered a proxy for broader consumer sentiment in the country, reported a 4% increase in both net profit and sales in the September quarter, saying the market was gradually recovering as inflation is no longer a concern. This revival, however, is largely led by urban markets, … Read more
A day after the government released data underlining that the Wholesale Price Index-based inflate rate fell to a seven-and-a-half-year low in May, the Congress said the data was misleading and claimed that only wholesalers and the government were benefiting from the falling prices and the benefit was not being passed on to the end consumer. Addressing … Read more
(This story originally appeared in on May 08, 2023) MUMBAI: It’s been halfway through the results season and the initial set of numbers for the January-March quarter (Q4FY23) show that frontline companies have performed slightly above estimates, with companies from the banking & financial services (BFSI) outperforming companies from other sectors. The 26 Nifty companies … Read more
” I do not think anybody can predict margins going forward in any industry. It is just not possible. There are so many variables which are there and the world today is not a very predictable place. The number of changes and unexpected events which happen are enormous. So I mean, I am not at … Read more