INCOME RISES
Budget 2024: Savings account interest up to Rs 25,000 may get tax exempt The government is examining a proposal to increase the tax-deductible amount on savings account interest to Rs 25,000. Current limits are Rs 10,000 (Section 80TTA), Rs 50,000 for seniors (Section 80TTB), under the old tax regime. Banks have been adv...
06 Jul, 2024, 06.00 AM ISTIndia's goal to become high-income country by 2047 unlikely to be achieved: Financial Times expert At the CUTS event, Martin Wolf indicated PM Modi's goal of India becoming a high-income economy by 2047 is unlikely, but it can achieve upper middle-income status. Amid a fragile world, India, a developing nation, could become a superpower by levera...
05 Jul, 2024, 10.33 PM ISTBudget 2024 should hike basic income tax exemption limit to Rs 5 lakh in both old and new tax regimes: Deloitte Finance Minister Nirmala Sitharaman is likely to present Union Budget 2024 this month. Salaried taxpayers are eagerly waiting for some much-needed tax benefits from the upcoming Budget. According to Deloitte, salaried people want Finance Minister to...
03 Jul, 2024, 01.15 PM IST- ADVERTISEMENT
Income tax Budget 2024 expectations: 10 ways the finance minister can ease income tax and financial burden of senior citizens Income tax Budget 2024 expectations: A notable percentage of taxpayers in India are senior citizens since they receive income, frequently through passive means. ET Wealth Online interviewed three specialists to discuss senior citizens' expectations ...
29 Jun, 2024, 10.29 AM ISTIndia's inflation also 'K-shaped'; rural folk more hurt by price-rise: HSBC The government lent a helping hand by cutting several fuel prices but many of the fuels like petrol, diesel and LPG are not commonly used in rural areas, like they are in urban centres, leading to rural inflation being much higher than urban, it sai...
25 Jun, 2024, 07.16 PM ISTApril-June direct tax mopup rises 21% to Rs 4.62 lakh cr The Indian government's direct tax collection increased by 20.99% YoY to ₹4.62 lakh crore from April 1-June 17, boosted by a 27.34% increase in advance tax collection. The gross direct tax collection was ₹5.15 lakh crore, up 22.19% from the previous...
19 Jun, 2024, 01.01 AM ISTIndia will need to build 100 million homes this decade amid rising household incomes India's property market has heated up since the pandemic, with 2023 being the best year for home sales in at least 15 years. With about 70 mn Indian households turning eligible for home ownership over the next 10 years, there would be a requirement ...
13 Jun, 2024, 08.05 PM ISTGlobal demand revival: How is India poised? As the global demand sees some revival, India must get its act together to make the most out of it.
10 Jun, 2024, 09.46 AM ISTSharp drop in provisions helped RBI transfer bumper dividend to RBI The Reserve Bank of India's income rose 15% last fiscal due to higher interest income from bond holdings and a sharp drop in provisions transferred to the Contingency Fund, enabling a record dividend payment to the central government.
31 May, 2024, 12.54 AM ISTBrigade Enterprises shares rise 9%, hit 52-week high after Q4 profit jumps nearly 3-fold Brigade Enterprises' shares surged 9% to a 52-week high after reporting a three-fold jump in net profit. Managing Director Pavitra Shankar expressed confidence in sustained performance with ongoing and upcoming projects in Bengaluru, Chennai, and Hy...
29 May, 2024, 12.45 PM ISTGIC Re Q4 Results: Net profit rises 3% to Rs 2,642 crore GIC Re on Tuesday posted a 3 per cent increase in net profit to Rs 2,642 crore for the fourth quarter ended March 2024 compared to Rs 2,564 crore in the same quarter a year earlier.
28 May, 2024, 09.20 PM ISTDCM Shriram Industries Q4 Results: Profit rises 23% to Rs 39 crore DCM Shriram Industries reported a 23% increase in consolidated net profit to Rs 38.64 crore for Q4 of the 2023-24 fiscal, driven by lower expenses.
27 May, 2024, 03.21 PM ISTHudco Q4 Results:Net profit rises 9% YoY to Rs 700 crore The company's total income for the quarter was 18% higher at Rs 2,194 crore against Rs 1,862 crore. Its board recommended a final dividend of Rs 2.65 per equity share on the face value of Rs10 each for the financial year 2023-24.
24 May, 2024, 08.49 PM ISTHindustan Copper Q4 Results: Net profit rises 6% YoY to Rs 124 crore State-owned Hindustan Copper Ltd on Friday reported a 6 per cent drop in consolidated net profit to Rs 124.33 crore for the March quarter. The company had posted a consolidated net profit of Rs 132.31 crore in the year-ago period.
24 May, 2024, 08.28 PM ISTHow to save Rs 1 crore with a monthly salary of Rs 25,000 Building a Rs 1 crore corpus with a Rs 25,000 salary requires discipline and time. Experts recommend consistent investment in equity mutual funds via SIPs for long-term wealth creation. Starting early and increasing SIP contributions can accelerate ...
23 May, 2024, 03.07 PM ISTOil India sees 13% rise in March quarter profit on high prices Oil India reported a 13% profit increase to ₹2,029 crore in Q4 2023-24 fueled by high oil prices. Revenue from operations rose 2% to ₹5,757 crore. Dividend and interest income doubled to ₹785 crore from ₹388 crore.
21 May, 2024, 06.11 AM ISTDLF rental arm DCCDL's office rental income rises 7% to Rs 3,460 cr in FY24 DLF's joint venture with DCCDL saw a 7% rise in rental income from office buildings to Rs 3,460 crore in the last fiscal, driven by rent appreciation and asset portfolio expansion. The rental business, holding a majority stake, demonstrated healthy ...
19 May, 2024, 02.16 PM ISTZEE Entertainment shares rally 5% after Q4 results. Should you buy, sell or hold? ZEE Share Price: ZEEL swung back to profit in March quarter against loss a year ago. Its total income in the reporting quarter, too, increased 3% YoY to Rs 2,185 core. Goldman Sachs sees partial recovery in revenues as a positive sign.
18 May, 2024, 12.04 PM ISTUnion Bank Net Rises 19% on Big IT Refund, Interest Income The bank received ₹497 crore as income tax refund in the quarter ending March as against ₹8 crore in the comparable period, which helped to push up profits for the fourth quarter.
11 May, 2024, 10.24 AM ISTEscorts Kubota Q4 Results: Net profit rises on lower costs The domestic tractor sector saw a decline in volumes in the quarter, as agricultural income was hit by patchy monsoon rains and falling reservoir levels, analysts said.
09 May, 2024, 04.57 PM IST