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Gold prices today fall for 3rd day in a row, down 5,000 in 4 months

Gold and silver prices were subdued today ahead of Fed rate decision later today. On MCX, gold futures were down at 50,540 per 10 gram, extending losses to third day. Silver futures fell 0.3% to 54,540 per kg. Read more

Stock Market LIVE: Sensex up 200 points, Nifty above 16,500

Indian benchmark indices gained 0.5% after starting flat on Wednesday. L&T and Sun Pharma are up, while Bharti Airtel and Bajaj Finserv are in red. Traders are still assessing the effect of the expected Fed rate hike later today. The Asian market had a slow start today Read more

Rakesh Jhunjhunwala cuts stake in this portfolio financial stock in Q1

Indian ace investor and stock market trader Rakesh Jhunjhunwala has pared stake marginally in his portfolio stock Indiabulls Housing Finance during the first quarter ended June 2022, showed the recent shareholding pattern. Read more

Canada immigration:  Here is everything you need to know

You must have physically resided in Canada for at least 1,095 days during the previous five years in order to be eligible to apply for citizenship. But, keep in mind that not every day is equal when it comes to eligibility for Canadian citizenship. Read more

Tanla Platforms shares crash for second straight day, hit 52-week low

Shares of Tanla Platforms continued to crash for the second straight session after announcing its Q1 results. The stock hit 52 week-low of 588 apiece on the BSE in Wednesday's early deals by falling about 19% intraday. Read more

Mint Morning Digest

IMF sharply lowers India’s FY23 growth forecast to 7.4%

The International Monetary Fund (IMF) on Tuesday slashed India’s economic growth forecast to 7.4% from 8.2% it estimated in April, citing the economy’s vulnerability to external shocks and rapid monetary policy tightening. Read more

‘No capex cut, Tata Steel is bullish on India prospects’

T.V. Narendran, chief executive officer and managing director of Tata Steel, said the country’s largest steelmaker would not cut its 12,000 crore capital spending plan despite fears of a slowdown in demand for the alloy. Read more

Inadequate price hikes hurt profitability of cement makers

Cement producers ACC Ltd, Ambuja Cements and UltraTech have reported a 20-56% drop in their per tonne profitability on a year-on-year (y-o-y) basis, driven by slower pace of product price increases even as cost pressures rose at a faster rate, affecting their June quarter (Q1FY23) performances. Read more

Union Bank solution for bad loan management attracts rival banks

State-run Union Bank of India is looking at a massive push to clean up stressed assets through a bad loan management system that has drawn interest from rival banks, including those in the private sector, chief executive A. Manimekhalai said in an interview. Read more

How to report income from trading in F&O in your I-T returns

The due date to file the income tax return (ITR) for the financial year (FY) 2021-2022 or the assessment year (AY) 2022-23 is around the corner. If you are a trader with income from futures and options (F&O), including intra-day trading, profits from such activity must be disclosed as business income in your returns. Read more

A 3-step plan to thrive in a falling equity market

Indian equity markets are down 10-15% over the last few months. Will they fall further? Unfortunately, historical evidence shows that it is impossible to consistently predict short- term market movements. So, how do we deal with this dilemma? Here is where you can use the ‘preparation approach’ vs the ‘prediction approach’. Read more

Delta Corp added to the list of 2 stocks under F&O ban on NSE

A total of two stocks have been put under the ban for trade on Wednesday, July 27, 2022 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they has crossed 95% of the market-wide position limit (MWPL), as per the NSE. Read more

Microsoft earnings miss market expectations due to weak sales

Microsoft reported on July 26 that its profitability for the most recent quarter fell short of forecasts as sluggish demand and supply delays in China had hurt sales of personal computers. The company missed market expectations with a $16.7 billion profit on $51.9 billion in revenue, but topped the same quarter a year earlier. Read more

 

 

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