Bank holiday todaym March 29: Bank holiday on Saturday is designated as a holiday under the Negotiable Instruments Act. This bank holiday regulates the issuing of cheques and promissory notes.
No income tax: Incomes arising out of non-resident’s income on Over-the-Counter (OTC) derivatives will be fully exempt from Income Tax under Section 10 (4E) provided they are routed through overseas banking units or FPIs. Yeeshu Sehgal says: “It means Non-re…
The IT and banking sectors are poised to drive the next market rally, supported by strong Q3 earnings, favorable valuations, and policy tailwinds. Experts highlight global interest rate trends, inflation management, and sectoral resilience as key investment c…
Raymond James Financial Inc. bought a new stake in shares of Columbia India Consumer ETF (NYSEARCA:INCO – Free Report) during the fourth quarter, Holdings Channel reports. The fund bought 45,288 shares of the company’s stock, valued at approximately $2,918,00…
India faces minimal macro impact from Trump’s proposed tariffs and may even benefit. A resilient domestic economy, reduced reliance on exports, and China’s trade losses could create new opportunities for India, bolstering its long-term economic and market pro…
Anand Rathi’s banking portfolio favors ICICI Bank, Axis Bank, and SBI, expecting up to 21% returns. Regulatory easing, liquidity boost, and government capex are key drivers for credit growth and sector resilience, positioning these banks for strong performanc…
ICICI Bank Limited (NYSE:IBN – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.69 and traded as high as $31.74. ICICI Bank shares last traded at $31.38, with a v…
India’s foreign exchange reserves rose by $4.53 billion in the week ending March 21, reaching $658.8 billion. The Reserve Bank of India bought dollars regularly as the rupee appreciated. The reserves had peaked at $705 billion in September. However, valuation…
AU Small Finance Bank has secured ₹770 crore by selling tier-II bonds at a 9.20% annual coupon rate. The significant investors include HDFC Bank and Nippon India Mutual Fund. The raised funds will boost the bank’s capital adequacy ratio by 1%, enhancing its c…
Life Insurance Corporation of India has become the top investor in the share sales of UCO Bank, Central Bank of India, Indian Overseas Bank, and Punjab & Sind Bank. These banks collectively raised ₹6,155 crore. Other investors include SBI Life Insurance, ICIC…
