YES Bank shares jumped 32% in the week to witness a breakout with strong volumes, indicating a significant base formation on the technical chart. “The support for the stock is established at Rs 27, and any pullbacks towards this support level present an opportunity to initiate fresh long positions. Sustaining above the support at Rs …
A day after the Budget 2024 announcement, shares of PSU Banks rallied up to 20% in Friday’s intraday trade on BSE as a sharp drop in bond yields is set to boost their treasury portfolio. Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at …
The interim budget is unlikely to immediately trigger a consumption revival though increased focus on rural housing and post harvest activities could help spur demand for daily household products and groceries in villages in the long term, leading consumer goods companies have said.Slower demand in rural markets has been dragging the overall growth of the …
This implies that if you don’t expressly select either the old or new regimes, your taxes will be computed under the new regime by default. Nevertheless, you have the flexibility to revert to the old regime at any time before the due date for filing your return for the applicable assessment year. The frequency of …
Stock market’s direction in the short term is similar to the flip of a coin. So, it is advisable to spot opportunities in great businesses at good valuations, says Trupti Agrawal, Fund Manager, WhiteOak Capital AMC, in an email interview with MintGenie. She also shares her views on the expectations from Budget 2024. With regards …
In the run up to the Budget 2024, there are expectations galore that the finance ministry could perhaps raise some of the exemption limits, which would reduce the tax burden. Among tax exemptions, one of the important ones is house rent allowance (HRA) which one can claim regardless of who owns the house. In other words, even …
To gauge the government’s stance on home loan interest rates in Budget 2024, homebuyers and industry experts should closely monitor official statements, policy announcements, and economic indicators, says Atul Monga, CEO and Co-founder, Basic Home Loan. In an interview with MintGenie, Monga said that reviving expired incentives, such as tax breaks, is crucial for affordable housing. Edited Excerpts Can …
India’s fintech and digital lending industry is one of the fastest-growing segments in the financial sector, with a projected market size of $720 billion by 2030. The gold loan industry along with India’s fintech and digital lending industry has been providing innovative and accessible credit solutions to millions of consumers and businesses, especially in rural …
Budget 2024 : The government undertook the rationalisation of income tax slabs and launched a new tax regime in which tax rates were highly reduced, addressing a long-standing need in the last Budget, says Hiren Thakkar, Proprietor, Hiren S Thakkar & Associates Chartered Accountants. In an interview with MintGenie, Thakkar said that in GST, there could …
National Pension System (NPS) is a Govt of India-sponsored program, which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). An NPS subscriber invests in the capital market (equity, govt securities, corporate bonds, and alternative assets) as per their respective risk appetite to build up his retirement corpus. Public Provident Fund (PPF) is …