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GST on Used Electric Vehicles: Clearing the Confusion The recent decision by the GST Council to impose an 18% tax on the resale of used electric vehicles (EVs) has caused considerable misunderstanding. At the heart of the issue is a clarification by Finance Minister Nirmala Sitharaman, who explained the tax would apply to the “margin…
Unimech Aerospace IPO Opens Today: Key Details and Recommendations Unimech Aerospace and Manufacturing, a leading player in aerospace and defense engineering solutions, has opened its initial public offering (IPO) for public subscription today, December 23, 2024. The company plans to raise ₹500 crore through a combination of a fresh issue and an offer for sale…
Indian-American Tech Leader Sriram Krishnan Appointed Senior White House Advisor on AI In a significant move to bolster U.S. leadership in artificial intelligence (AI), President-elect Donald Trump has named Indian-American entrepreneur and tech innovator Sriram Krishnan as the Senior White House Policy Advisor on AI. The announcement, made on Monday, highlights the administration’s focus on…
Nacdac Infrastructure IPO Allotment Set to Be Announced Following Record-Breaking Subscription The eagerly anticipated allotment of Nacdac Infrastructure IPO shares is due today, following a massive oversubscription of nearly 2,000 times. The Rs 10.01 crore SME IPO has been the talk of the town, grabbing attention across the market for its unprecedented demand. Key Details…
Best Banking & PSU Funds to Invest in December 2024 If you’re looking to invest in Banking & PSU Debt Funds this December, several schemes stand out for their solid performance and risk management. Here are the top funds to consider: These funds have been shortlisted using a careful methodology that evaluates their performance based…
Indian IT stocks, including major players like TCS, Infosys, and HCL Tech, are likely to be in the spotlight on Friday following Accenture’s impressive first-quarter earnings and an upgraded revenue outlook. Accenture’s Strong Q1 Performance Accenture’s Q1 revenue of $17.7 billion exceeded analyst expectations of $17.12 billion, driven by strong demand for its AI-powered solutions….
Indian Stock Market Outlook: Global Market Impact, Gift Nifty, and Key Developments The domestic equity benchmarks, Sensex and Nifty 50, are expected to open lower on Thursday, following a significant downturn in global markets. This comes after the US Federal Reserve reduced expectations for interest rate cuts in 2025, disappointing investors. Global Market Trends Asian…
Inventurus Knowledge Solutions (IKS) IPO Allotment Today: Key Updates The much-anticipated IPO allotment for Inventurus Knowledge Solutions (IKS) is expected to be finalized today, Tuesday, December 17, 2024. This public offering, which closed on December 16, garnered massive attention and overwhelming participation from investors across all categories. Final Subscription Status of the IKS IPO The…
After four days of range-bound trading, the Sensex and Nifty closed lower on December 12, as investors awaited India’s inflation and industrial output data, set to release after market hours. Broader markets, which had outperformed the benchmarks in recent weeks, faced selling pressure, with the BSE Midcap and Smallcap indices losing 0.6% and 1%, respectively….