Business

Rupee Falling Streak: Experts Feel Indian Currency May Hit 80 Per Dollar In 9 Months

As the Indian market has been witnessing continuous outflows of foreign investments, the rupee has hit its record lows multiple times in the past few months. The rupee’s fall, apart from FPI outflows, has been attributed to the rising dollar index and costlier crude oil. Experts said the rupee will face challenges in the coming […]

Business

Electoral Bonds: What Is It, How To Buy?

The government has approved the issuance of the 21st tranche of electoral bonds, which will open for sale from July 1. The bonds will be available for purchase between July 1 and July 10. The 20th tranche of bond sales had taken place from April 1 to April 10, 2022. Here’s what are electoral bonds […]

Business

FPI Exodus Continues for 9th Month; Withdraw Rs 50,203 Crore from Equity Market in June

Continuing their massive selling spree for the ninth consecutive month, foreign investors dumped Indian shares worth Rs 50,203 crore in June — the highest net outflow in over two years — amid aggressive rate hike by the US Federal Reserve, elevated inflation and relatively higher valuation of domestic equities. Foreign portfolio investors (FPIs) have now […]

Business

Housing Realty: High Interest Rates Moderate Sales In June Quarter

Amid rising interest rates in the country after the RBI’s recent repo rate hikes and increasing property prices, housing sales in seven major cities saw a moderation of 15 per cent in the June 2022 quarter to 84,930 units, compared with 99,550 units in the March 2022 quarter, according to a report by real estate […]

Business

Fund Raising Via Debt Placement Drops 39% to Rs 32,405 Crore in Apr-May on Hike in Interest Rates

Fund raising by listed companies through private placement of corporate bonds dropped 39 per cent to Rs 32,405 crore in the first two months of the current financial year, and outlook for the rest of the fiscal is uncertain too on expectation of further hike in interest rates. In comparison, Rs 53,253 crore was raised […]

Business

Stocks to Watch Today: Glenmark Pharma, Eicher Motors, TVS Motors, and Others

The market showed smart recovery from the day’s low and closed with moderate losses on the first day of the new monthly F&O series, July 1, extending downtrend for the second consecutive session. Oil & gas stocks pulled the market down after a windfall gain tax was imposed on oil producers but the buying in […]

Business

1% TDS Plus 30% Income Tax on Virtual Assets: How New Cryptocurrency Rule Will Affect You. Details Here

Starting this month, all your cryptocurrency transactions will be subjected to a 1% TDS. This is in addition to the 30% tax you’ll have to pay on your income from virtual digital assets (VDAs) such as crypto. But much like Delhi-based professional and crypto investor Karan, many crypto users still have “no idea or clarity” […]