The Nifty Financial Services Index (FINNIFTY) represents the performance of India’s financial sector. It includes banks, financial institutions, housing finance, insurance companies, and other financial services firms. The index comprises 20 stocks listed on the National Stock Exchange (NSE). Market Update: Positive Start in January 2025 On January 2, 2025, FINNIFTY traded higher, gaining 1.62% …
On January 02, 2025, Kotak Mahindra Bank’s share price traded at 2.04% higher at ₹1,824.70 at 12:05 PM on the NSE. The stock opened at ₹1,800 higher than ₹1,788.40 at its previous close. The stock gained close to 3% in the last 2 trading sessions. What’s Driving the Share Price Higher? As per the news reports, there …
KP Green Engineering share price gains on Jan 1, 2025, after the company announced new orders from multiple clients totalling ₹165.70 crore. The orders span several key segments of the company’s operations, highlighting its diverse portfolio and strong market presence. Breakup of Orders Solar Projects Segment: The largest order, worth ₹100.20 crore, is for the …
IndoStar Capital Finance Limited has sold a portion of its legacy corporate loan book, amounting to ₹174 crore, to Assets Care & Reconstruction Enterprise Limited. The transaction resolves stressed accounts under RBI guidelines. Sale of Stressed Portfolio IndoStar Capital Finance Limited has taken a significant step in reducing its stressed portfolio by approving the sale …
As per reports by Reuters, India is considering reducing income tax rates for individuals earning up to ₹15 lakh annually in the February budget. This initiative aims to provide relief to the middle class and boost consumption in response to a slowing economy. The potential tax reduction could benefit millions of taxpayers, particularly urban residents …
Non-bank lender Muthoot Capital Services has announced the resignation of three key members from its board of directors, effective December 23, 2024. The company accepted the resignation letters of Thomas George Muthoot, Managing Director, Thomas John Muthoot, Non-Executive Chairman, and Thomas Muthoot, Non-Executive Director. On December 24, 2024, Muthoot Capital Services share price plunged 1.33%, trading at …
The growing interest in international investments has created a unique dynamic in the Indian financial landscape. International Exchange-Traded Funds (ETFs) have become a preferred route for many investors seeking exposure to global markets. However, regulatory constraints and market trends have resulted in these ETFs trading at unprecedented premiums, leaving investors wondering: Is it worth the …
India’s young chess prodigy D. Gukesh made headlines with his spectacular victory at the 2024 FIDE World Championship, earning an impressive ₹11.45 crore in prize money. While this remarkable feat has brought immense pride to the nation, the spotlight now turns to an intriguing question: Will his prize money be taxed, or can it escape …
Introduction to New Tax Measures in Karnataka’s Mining Sector The Karnataka state government has introduced a significant proposal that could transform the financial landscape of the mining industry within the region. The newly proposed Karnataka Mineral Tax Bill 2024 aims to impose a retrospective tax on mineral land and rights, a move prompted by a …
Infosys Foundation, the philanthropic and CSR arm of Infosys, has announced a 4-year collaboration with INAE to transform engineering education in India. With a ₹38 crore investment, the initiative will focus on upskilling educators, providing project-based internships, and offering mentorship to students. Aim of the Collaboration This collaboration, with an investment of over ₹38 crore, …
