Banking And Finance
How an NRI can fight an ex parte tax order
I am an NRI and recently discovered that an ex-parte income tax assessment order has been passed against me in India, with additions under Section 69 of the Income-Tax Act…
Rs 5,000 SIP vs FD: Which gives better returns in 5 years?
Imagine this. Two friends start investing at the same time. Both put aside Rs 5,000 every month. One chooses a safe FD (fixed deposit). The other goes with a SIP…
The noisy pursuit of money versus the quiet creation of wealth
There is a joke about two economists walking through a forest. They come across a heap of dung. The first says, “I’ll pay you a $100 to eat that.” A…
Market
Rupee expected to strengthen 100 Paise following RBI directive on forex positions
The Rupee (INR) could strengthen by as much as 100 paise against the US Dollar (USD) on Monday as last Friday’s RBI direction to Banks, which are authorised to deal…
Investors to keep a track of West Asia war, crude oil prices in holiday-shortened week: Analysts
Developments related to the ongoing month-long war in West Asia, its impact on crude oil prices, and global trends would continue to be key drivers for domestic equities in the…
Gold, silver to remain range-bound, Powell speech, West Asia in focus: Analysts
Precious metal prices are expected to remain in a corrective phase next week as investors track geopolitical developments in West Asia and key macroeconomic data from major economies for fresh…
Jewellery stock to watch on Monday; here’s why
Stock to watch: PC Jewellers share price will remain in focus on Monday after the company announced allotment of shares on conversion of fully convertible warrants and consequential changes in…
Market
US pharma giant Eli Lilly, Insilico Medicine secure deal worth $2.75 billion to bring AI-developed drugs to market
Pharmaceutical major has reached a $2.75 billion deal to bring drugs to the global market by using (AI) from Hong Kong-listed Insilico Medicine, the company announced on Sunday (local time).…
Blackstone-backed EPL to merge with Indovida to make $2 billion packaging giant
Private equity giant Blackstone and Thailand’s Indorama Ventures have agreed to combine their packaging businesses in India, creating a $2 billion giant with annual sales of about $1 billion. Blackstone-backed…
Airtel to pay ₹10,000 crore AGR dues in first post-moratorium instalment
Bharti Airtel Ltd is expected to pay around ₹10,000 crore in adjusted gross revenue (AGR) dues to the government by 31 March, according to two people familiar with the matter,…
HC suggests mediation as Kalyani siblings battle over family wealth
Mumbai: In a bid to bring a two‑decade‑old family dispute closer to resolution, the Bombay High Court on Friday suggested that the warring siblings Babasaheb Kalyani, Sugandha Hiremath, and Gaurishankar…
Axis
