Expectations increased significantly as the market rally suggests, especially after Prime Minister Narendra Modi had a lot of long meetings with corporates, bureaucrats, etc earlier this month with the intention of faster resolution to an economic slowdown and to achieve $5 trillion targets. This indicated that the Street could be prepared for some amount of fiscal slippage in the next financial year. … [Read more...] about Market Week Ahead: 10 key things that will keep traders busy this week
10 years in dog years
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about 6 of top-10 companies lose Rs 81,148cr in m-cap
From Finance Act, 2017, the total current year loss from house property that can be set-off against current year’s income (except capital gains and speculation income) is only Rs 2 lakh. The remaining loss, if any, can be carried forward to eight tax years. Further, the carry-forward loss is allowed to be set off only from ‘income from house property’. This restricts the set-off. The carry-forward loss which remains unutilised, lapses. The interest component of housing loan repayment is substantial in the initial years of housing loan repayment. Therefore, this change from Financial Year (FY) 2017-18 has resulted in substantial increase in tax outflow for middle class taxpayers owning only their self-occupied houses. … [Read more...] about Expectations of a common man from Budget 2020
"We have requested the government to consider that because they have taken a target of 35,000 electric cars in the next three years. In the first year, there will be around 3,000 cars...so why not open it up for the private (segment) also to make the programme successful," Chandra said. … [Read more...] about Eyeing leadership position in electric vehicle segment: Tata Motors
Speculators largely bet on oil in anticipation that the vulnerabilities in the security of the key oil shipping passage may dent export. In addition, the armed drone attacks by Yemen’s Houthi Rebels at Saudi oil installations have also lifted the sentiments of oil. … [Read more...] about Crude oil in Indian futures market rose 38% in 2019: Where is it headed now?