The government could look at introducing a coronavirus cess or surcharge on individual tax payers – possibly only on the higher income groups – in the coming budget, says Sonu Iyer, Tax Partner and National Leader – People Advisory Services, EY India. Ms Iyer was talking to ET online about what the coming budget may […]
Time to buy metal, financial and auto stocks on dips
If the correction continues, I would like to buy into the metal stocks like Hindustan Zinc and Vedanta at lower price points, says Deven R Choksey, MD, KR Choksey Investment Managers. What is your take on the cement counter?Cement companies have started utilising their capacities at a threshold level which is above 85% capacity utilisation. […]
Tata Motors unveils new Altroz hatchback
Tata Motors Wednesday unveiled the new Altroz iTurbo on the first anniversary of the premium hatchback. The new Altroz iTurbo will be powered by a new 1.2L Petrol iTurbo engine. Tata Motors has opened bookings for the car and said the price would be announced on January 22. You have reached your limit for free […]
Sharpshooters, Protesters, a Secret Train Trip: A look at times when the handover of power in US was tense
WASHINGTON: President-elect Joe Biden will take the oath of office on Wednesday at a perilous moment in American history. The country is still being ravaged by a deadly pandemic, economic turmoil and racial divisions. President Donald Trump tried to overturn the democratic election and egged on a mob that then stormed the Capitol to keep […]
CBDT rejects all representations for further extension of ITR due date
The Central Board of Direct Taxes (CBDT) has said it will not grant further extensions for filing return for cases where audit reports need to be filed. The last date for filing the audit report is January 15 and for filing returns is February 15, for such cases. “All representations for further extension of the […]
mutual funds: Domestic mutual funds report higher redemption in December
The domestic mutual funds are witnessing rising redemption pressure at a time when the equity indices are trading at record levels. Their three-month rolling average of equities sold reached to Rs 71,680 crore in Dec ember 2020, the highest since the data was first made available by SEBI in 1999. It includes exposure of equity […]
TTD awaits govt. nod to increase toll fee
About 4,500 four-wheelers ply on the two ghat roads between Tirumala and Tirupati daily The TTD is seriously contemplating the proposal to enhance the toll fee being collected at its Alipiri security checking plaza in Tirupati, the gateway to the sacred hill abode of Lord Venkateswara. It has addressed a letter to the government seeking […]
Gold declines ₹ 108, silver gains ₹ 144
Gold prices fell ₹ 108 to ₹ 48,877 per 10 gram in the national capital on Wednesday as rupee appreciation capped upside in the price of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at ₹ 48,985 per 10 gram. However, silver prices rose ₹ 144 to […]