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Brent crude futures for July were last down 29 cents, or 0.35 per cent, to $83.38 a barrel. US West Texas Intermediate crude for June fell 37 cents, or 0.47 per cent, to $78.58 per barrel. Both benchmarks are set for weekly losses as investors are concerned that higher-for-longer interest rates will curb economic growth … Read more
The Income Tax (I-T) Department has received as many as 6 lakh returns in the first month of Assessment Year 2024-25 (FY25). Significantly, nearly two-thirds of the verified returns have already been processed, reported Business Line. Over 5.92 lakh returns were filed by April 29. Out of these, over 5.38 lakh had been verified and … Read more
This after the Nifty 50 opened higher on Friday, clocking a record intraday high of 22,794.70 points, until it ended the day’s trading in the red. The India VIX index—the fear gauge—ended 9% higher on Friday, indicative of the heightened volatility in the market. There has been some anxiety in the market with investors taking … Read more
A balance transfer can help a borrower improve their CIBIL score if used in a smart way. Before that, let us understand what a balance transfer is. It is the transfer of balance (in part or full) from one account to another account usually that charges a lower rate of interest. But it is recommended to … Read more
Stock Market Today: Coal India Share price gained 4% during intraday trades on Friday post Q4 results posted by the company after the market hours on Thursday. Q4 earnings beat estimates Coal India had reported consolidated net profit at ₹8,640.5 crore for the quarter ending March, which grew 25.8 percent YoY. The same came better … Read more
When you fall ill, you are advised to see a doctor. Similarly, when your credit score is not in good health, it is recommended to see a credit counsellor. Credit counselling is likely to have a range of effects on your CIBIL score, based on your individual financial situation and how you make use of these … Read more
Trade setup for stock market today On the outlook of Nifty today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, “The short-term trend of the Nifty 50 index is choppy with range-bound action. Any upside from here could encounter strong resistance around 22800 levels. Immediate support for Nifty today is placed at 22,550 … Read more
Investors who hold joint mutual fund folios have a reason to cheer. The capital markets regulator, the Securities Exchange Board of India (Sebi), has announced to grant an exemption (not an extension!) from nominating a nominee to the jointly-held mutual fund folios. This means that investors who hold joint mutual fund accounts do not … Read more
Oil edged back towards the previous day’s seven-week low-mark on Thursday, May 2, paring earlier gains, after US data pointed to persistent labour market strength which further diminished hopes of early decline in US interest rates. Brent crude futures for July were up 40 cents, or 0.5 per cent, at $83.84 a barrel heaving earlier … Read more
If you ask ChatGPT, the popular artificial intelligence (AI) chatbot, about the most feasible investing option one could explore as a high-risk investor, it promptly asks you to put your money in cryptocurrencies, among other options. Not only does it suggest investing in cryptos, but it also shares with the inquisitive user the key reason … Read more