Latest Stories
Rupee Opens Weak At 75.16 Per US Dollar
| Tuesday, August 04, 2020, 10:02 [IST]
Rupee in Tuesday's trade (August 4, 2020) opens weak at 75.16 versus previous day's close of 75.01 per US dollar. There has been seen some recovery in the dollar index which has now drifted away from over 2-year low. Yield ...
Yes Bank Shares Jump 3.5% On Moody's Upgrade
| Tuesday, August 04, 2020, 09:24 [IST]
Yes Bank is now graded B3 compared to Caa1 earlier reflecting an improvement within the high-yield categories. "The successful equity raising showcases Yes Bank's regained access to external market funds, which is a result of its impr improving financial ...
Gold Price Surge Again; Upside Of Another 25% Seen In Yellow Metal
| Tuesday, August 04, 2020, 09:11 [IST]
Gold prices in India on Tuesday (August 4, 2020) rose 0.42% or Rs. 226 at Rs. 54223 per 10 gm in the MCX, while silver prices edged higher by 0.17% or Rs. 112 to Rs. 65860 per kg. In Monday's session ...
WhatsApp To Soon Roll Out Payments Services In India
| Tuesday, August 04, 2020, 07:59 [IST]
The social messaging platform WhatsApp will soon roll out payments services for its users in India. The company said that NPCI is satisfied of its compliance with the RBI's guidelines on data localistion. "Our team has worked hard ...
Govt Notifies Lowest Rate In 5 Years Of 8.55% For EPF Subscribers For 2017-18
| Tuesday, August 04, 2020, 07:47 [IST]
For the year 2017018, the retirement fund body EPFO has notified the lowest interest rate in 5 years of 8.55% and consequently asked its field offices to credit the same interest in around 5 crore EPF subscribers. As per an ...
Taxation Of Dividend From AY 2020-21 For Shareholders: Here's All
| Tuesday, August 04, 2020, 07:32 [IST]
From AY 2020-21 any dividend distributed by a company to its shareholders shall attract tax in the hands of the investors and companies will not be liable to pay DDT or dividend distribution tax. Also, other provisions of the Act ...
4 Reasons Why Markets Are Falling For Four Straight Days
| Monday, August 03, 2020, 12:55 [IST]
It has been today (August 3, 2020) the fourth straight day of losses for the benchmark indices, with Nifty now below the 11000 mark, with losses of over 1%. The markets started trade on a weak note in the new month, ...
Manufacturing PMI Tumbles After Rebound In June; Business Optimism Improves
| Monday, August 03, 2020, 11:51 [IST]
Manufacturing PMI for the month of July tumbled to 46 highlighting the impact of localized lockdowns being imposed to curb the spread of the virus. For the June month, the figure came in at 47.2. Though levels below 50 indicate contraction ...
Rupee Opens Weak; Trades At Day's Low Of 74.92 Per US Dollar
| Monday, August 03, 2020, 09:54 [IST]
Rupee in Monday's trade (August 3, 2020) opens at 74.88 versus previous day's close of 74.81 per US dollar. And hits an early low of 74.92 per US dollar. The rupee off late has been underperforming its emerging market peers and ...
Gold Hits Rs. 54000/10 Gm For The First Time On Global Record High Prices
| Monday, August 03, 2020, 08:31 [IST]
Gold prices in India on August 3, 2020 hit price over Rs. 54000 per 10 gm for the first time in futures market. Silver in line also jumped by close to 1% and last traded at Rs. 65564 per kg. In ...
Here's Why You Should And Should Not Subscribe To Sovereign Gold Bond Series V
| Monday, August 03, 2020, 06:37 [IST]
As we write both internationally ($1950 per ounce) and in the domestic context (Rs. 52000 per 10 gm on July 28, 2020), gold prices have now hit a new high and with uncertainty still lingering, prospects of gold are only brighter ...
CBDT Offers Relief To Seniors On Self-Assessment Tax
| Monday, August 03, 2020, 05:29 [IST]
The CBDT has extended relief to senior citizen class on self assessment tax. As part of the earlier relief if they had self assessment tax liability of over Rs. 1 lakh in financial year they can file the return by November ...