MUMBAI: For Dalal Street investors, 2024 is a story of two parts, unequally divided. During the first nine months, the two leading indices – the sensex and Nifty – scaled new highs at regular intervals. And then came a sudden burst of foreign fund selling that shaved off a large chunk of the gains from the earlier month.As a result, …
Read More »
The Income-Tax Department announced an extension for the deadline for filing belated or revised income tax returns for the fiscal year 2023-24 to 15th January 2025. Previously, the last date for resident individuals to make these submissions for assessment year (AY) 2024-25 was set at 31st December 2024.The department made this announcement in a post on X, “CBDT (Central Board …
Read More »
The growth of India’s eight core infrastructure sectors slowed to 4.3 per cent in November 2024, compared to 7.9 per cent in the same month last year, according to official data released on Tuesday. Despite the slowdown seen in comparison to last November, monthly production growth reached a four-month high. In October 2024, the sectors had expanded by 3.7 per …
Read More »
Gold prices in the national capital plunged below Rs 79,000 per 10 grams on Tuesday, weighed by subdued demand from stockists and retailers, according to local market analysts quoted by news agency PTI. The 99.9 per cent purity gold fell Rs 550 to Rs 78,950 per 10 grams, against Monday’s close at Rs 79,350.Over the past year, gold prices have …
Read More »
The government has decided to keep the interest rates on various small savings schemes unchanged for the fourth consecutive quarter, starting from January 1, 2025, and continuing through to March 31, 2025. A notification issued by the finance ministry confirmed “The rates of interest on various small savings schemes for the fourth quarter of FY 2024-25, starting from January 1, …
Read More »
Xi signaled that support for the economy will continue into 2025. China’s gross domestic product is expected to expand around 5% for the full year of 2024, President Xi Jinping said, signaling the world’s second-largest economy is on track to meet its official target.China’s economy was “overall stable and progressing amid stability,” Xi said at a new year event on …
Read More »
NEW DELHI: As 2024 draws to an end, India’s economy continues to display its resilience, with the IPO market achieving a historic milestone, raising a record Rs 1.6 lakh crore through 90 maiden public issues. Favorable market conditions, regulatory improvements, and robust economic growth fueled this surge.The IPO pipeline for 2025 is anticipated to surpass Rs 2.5 lakh crore, showcasing …
Read More »
HYDERABAD: Standard Glass Lining Technology Limited, a Hyderabad-based specialised engineering equipment manufacturer for pharma and chemicals sector, has fixed a price band of Rs 133 to Rs 140 per equity share of face value ₹10 each for its maiden initial public offer (IPO) that opens on 6, 2025, and closes for subscription on Jan 8, 2025.The IPO is a mix …
Read More »
A South Korean man accused of being responsible for a cryptocurrency crisis which cost investors $40bn (£31.8bn) has finally been extradited to the United States. Do Kwon was the boss of Terraform, which operated two cryptocurrencies – TerraUSD and Luna – both of which collapsed in 2022, sparking a wider sell-off in the crypto market. The US says he was …
Read More »
MUMBAI: The National Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday. NDR InvIT is an Infrastructure Investment Trust managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited. These 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, underscore NDR InvIT’s …
Read More »
Unews World