Hero Motors IPO: Hero Motors has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) with an increased issue size of Rs 1,200 crore. The revised IPO will consist of a fresh issue of equity shares worth up to Rs 800 crore…
The cryptocurrency market traded largely lower on Tuesday, with Bitcoin hovering just under $107,000 as investors stayed cautious ahead of the July 9 US tariff decision.As of 11:50 am IST, Bitcoin was down 1.2% at $106,984 after touching an intraday high of $108,317. Ethereum declined 1.7% to $2,460. The global crypto market capitalisation fell 1.12%…
Air India pilots have conducted simulations of the ill-fated flight’s conditions. (PTI photo) Air India plane crash: Over a fortnight after the fatal Air India aircraft disaster that claimed lives of all onboard except for a single survivor, investigators alongside the airline are analysing the possibility of simultaneous engine failures that may have caused the…
US Federal Reserve Chair Jerome Powell on Tuesday stressed the importance of political neutrality for the central bank, amid renewed pressure from President Donald Trump, who has criticised the Fed for not cutting interest rates more aggressively this year.Speaking at a central banking conference in Sintra, Portugal, hosted by the European Central Bank, Powell said:…
US stocks drifted lower Tuesday as Wall Street’s recent momentum slowed and shares of Tesla tumbled sharply amid an escalating rift between Elon Musk and President Donald Trump.The S&P 500 slipped 0.3% and appeared on track to break a three-day winning streak that had carried it to record highs. The Dow Jones Industrial Average dipped…
Tata Sons has inducted Indian Hotels CEO Puneet Chhatwal and Tata Consumer CEO Sunil D’Souza into the board of Tata Digital, a strategic move aimed at bolstering consumer business expertise across the conglomerate’s digital ventures. The reshuffle follows the departure of Tata Digital MD and CEO Naveen Tahilyani in May, after just over a year…
NEW DELHI: India’s gross Goods and Services Tax (GST) collection for June stood at Rs 1.85 lakh crore, recording a 6.2% increase over the same month last year, according to data released by the finance ministry on Tuesday.The June figure, however, represents a dip compared to previous months in FY26, when GST mop-up hit a…
The Sensex and Nifty have shown positive performance for four successive months. (AI image) India’s benchmark Sensex has witnessed an exceptional increase of 12,000 points within three months resulting in a Rs 72 lakh crore rally. The remarkable 17% increase from April 7’s low of 71,425 has driven markets near their peak levels again. The…
Shares of Mumbai-based real estate developer Kalpataru Ltd made a flat debut on the BSE and NSE on Tuesday, listing at Rs 414, the upper end of its IPO price band. However, the stock later gathered momentum, rising over 9% to Rs 453 on the BSE and Rs 452.80 on the NSE. The company commanded…
One key reason to file your ITR, even if you have no taxable income, is the ability to carry forward capital losses for future tax benefits. (AI image) By Surabhi MarwahITR filing FY 2024-25 (AY 2025-26: As the timeline for filing Income-tax Returns (ITR) approaches (September 15th for this FY, after extension), individuals, particularly those…
