Category: Finance
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“Uncovering the Controversy: Nikhil Kamath’s Viral Video on Inheritance Tax Expansion”
In the midst of the political turmoil surrounding the ‘inheritance tax’ in India, a recently surfaced video showcases Nikhil Kamath, the co-founder of Zerodha, engaging in a discussion about this issue with Mint. Within the video, Kamath expresses his endorsement for the implementation of an inheritance tax in India. He emphasizes the necessity of having…
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“Tracking the Trends: Nifty 50 Price Live Updates – 18th April 2024”
The latest updates on Nifty 50 prices reveal that at 15:15, it was trading at 22023.75, experiencing a decrease of 0.56%. Throughout the day, Nifty 50 has been fluctuating between the range of 22326.5 and 22007.6. Additionally, Nifty futures are currently at 22063.75, showing a decline of 0.62%, along with a 1.84% change in open…
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Rupee Weakens: Drops Seven Paise to 83.38 Against U.S. Dollar in Early Trade
The rupee saw a 7 paise depreciation to end at 83.38 against the US dollar on Friday, influenced by a significant sell-off in domestic equities and a strong greenback against major currencies abroad. Forex traders noted that high crude oil prices also impacted investor confidence. The local unit began trading at 83.36 and hit a…
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RBI Maintains Status Quo on Key Lending Rate Amid Inflation Convergence with Targets
The Reserve Bank of India (RBI) decided to maintain its key lending rate at 6.5% for the seventh consecutive time during the bi-monthly Monetary Policy Committee (MPC) meeting held in New Delhi. RBI Governor Shaktikanta Das announced that the decision was made by a 5:1 majority. With the repo rate unchanged, it is expected that…
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“Electoral Bond Top Buyers: Controversy Surrounds Companies Under Scrutiny and Raids”
According to data published on the website of the Election Commission of India, Future Gaming and Hotel Services and Megha Engineering Infrastructure Limited have emerged as the leading buyers of electoral bonds between April 2019 and January 2024. Future Gaming and Hotel Services purchased bonds worth Rs 1,368 crores, while Megha Engineering Infrastructure Limited purchased…
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“Crisis at Central Bank of India: Live Updates on Plummeting Stocks and Investor Sell-Off”
Central Bank Of India Stock Price Update: Yesterday, the Central Bank of India commenced trading at ₹62.8 and concluded at ₹62.93. Throughout the day, the stock reached a high of ₹67.95 and a low of ₹62.33. The market capitalization of the bank stood at ₹58466.13 crore. Over the past 52 weeks, the stock’s highest value…
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Tamil Nadu Unveils Budget Aligned with the ‘7 Grand Tamil Dreams
The Tamil Nadu government unveiled its budget for the fiscal year 2024-25 in Chennai, focusing on the “7 grand Tamil dream,” which prioritizes social justice and women’s welfare. Finance Minister Thangam Thennarasu introduced the budget and revealed a series of initiatives. One of the key announcements was the introduction of the “Kalaignarin Kanavu Illam,” a…
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Haldwani News: Discover the identity of “Nainital DM Vandana Singh” ,the reason behind her current prominence in the news
Multiple casualties and dozens of injuries have been reported as violence in Haldwani, Uttarakhand, has finally subsided. The Nainital Police have lifted the curfew in the Banbhoolpura police station area, where clashes erupted last week due to the demolition of an “illegal structure” as part of an anti-encroachment drive by the Uttarakhand government. However, night…
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“Frozen Finances: Congress Faces ₹210 Crore Tax Demands Amidst Election Season Turmoil”
The Congress party made an announcement today stating that the bank accounts of the party, including those of the Youth Congress, have been frozen by the Income Tax department. This action has taken place weeks before the general elections are scheduled to be announced. Ajay Maken, the party spokesperson, expressed his concern over this move,…
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Paytm explained regarding the RBI order, outlining the impact on Paytm Users both presently & after Feb 29th.
Paytm has issued a response to the recent directive from the Reserve Bank of India, which entails a set of limitations on the company’s diverse range of services. This directive will have an impact on Paytm Wallets, Paytm FASTags, fund transfers, and other associated functionalities. Let us now explore the implications of these restrictions on…