Stock market today (AI image) Stock market today: Indian equity benchmarks are slowly inching upwards, with Nifty50 and BSE Sensex opening in green after three days of gains. While Nifty50 was above 25,850 in early trade, BSE Sensex rose over 100 points. At 9:18 AM, Nifty50 was trading at 25,861.55, up 42 points or 0.16%. […]
Will fast-track IndusInd, Gensol cases: ICAI chief
ICAI president Prasanna Kumar D New Delhi: The Institute of Chartered Accountants of India (ICAI) has set up a special group within its Financial Reporting Review Board to fast-track high-profile cases, the regulatory agency’s president Prasanna Kumar D said. “… more than 10 to 15 cases are there which have public interest. These cases will […]
Infosys, ITC & more: Top stocks to watch on February 19
BofA maintained its buy recommendation on Infosys with the target price at Rs 1,840. Analysts said there were several positives on positioning and net opportunity could be bigger but the path is still evolving. They also said that enterprise AI isn’t plug and play. Currently revenue from AI-first offerings stands at 5.5%, which is not […]
AI tools to widen scope for IT cos: Parekh
Salil Parekh, CEO and MD, Infosys (File photo) New Delhi: Infosys CEO Salil Parekh suggested that stock market investors may be misreading the impact of AI tools from companies like Anthropic, arguing that rather than shrinking opportunities for IT services firms, such technologies are likely to expand and reshape the demand for their capabilities. He […]
Goyal: India keen to diversify crude, coking coal sources
Piyush Goyal (File photo) New Delhi: India wants to diversify its sources of crude oil and coking coal and would “love” to source high-quality coking coal from the US, commerce and industry minister Piyush Goyal said on Wednesday. He also said that the US can provide certain goods that India needs desperately for its economic […]
‘India doesn’t negotiate as a meek nation’: Piyush Goyal says trust is key referring to recent trade deals
NEW DELHI: India “doesn’t engage as a meek country,” Union commerce minister Piyush Goyal said on Wednesday asserting that “trust and negotiation from a position of strength,” have defined the country’s recent trade successes.Speaking at the Global Economic Cooperation Summit in Mumbai, Goyal said India’s approach to economic diplomacy is rooted in engagement, confidence and […]
US stock market: Wall Street rises as Nvidia leads AI rally
US stocks moved higher on Wednesday, driven largely by gains in Nvidia, the market’s most influential stock. The S&P 500 rose 0.9%, pulling within 1.1% of its all-time high set late last month. The Dow Jones Industrial Average was up 308 points, or 0.6%, as of 12:21 p.m. Eastern time, while the Nasdaq composite climbed […]
‘Quite ridiculous’: Piyush Goyal dismisses investor fears over future of India’s IT sector
Union commerce minister Piyush Goyal on Wednesday dismissed investor concerns over the future of India’s IT sector as “ridiculous”, stressing that technology firms will play a central role in the growth of artificial intelligence.Speaking at the GEC event and responding to recent investor concerns, Piyush Goyal said, “Of late, I’m seeing in the stock market […]
India eyes diversification of crude oil sources; Piyush Goyal says would ‘love’ high-quality coking coal from US
Goyal said India can produce goods in areas where US manufacturers may not be competitive. India is looking to diversify its sources of crude oil, Commerce Minister Piyush Goyal has said. Goyal’s comments assume significance in light of the India-US trade deal joint statement which lowers tariffs on Indian exports to 18%. The Donald Trump […]
How is gold buying & selling taxed in India? Check short & long-term capital gains tax rules on gold assets
How is gold taxed? (AI image) Gold is a safe haven asset globally – and it’s also the traditional go-to savings and investment bet in India. Gold prices have been rising unprecedentedly over the last 18 months and investors are rushing to buy the yellow metal amidst global economic and geopolitical uncertainty.Investment in gold can […]