Stock Market News
1.46K subscribers
54.6K photos
69.2K links
Hello Friends,

Here you will get latest and updated Indian Stock Market News.

Keep watching and keep updated.
Download Telegram
The case involved a tenant, who rented a 238.38 sq. ft shop in 2014 from a couple in Delhi. The agreed monthly rent was Rs 25,500. However, the 11-month rent agreement was never registered. The tenant subsequently claimed that he had paid the landlords Rs 10 lakh in cash as a security deposit between November 2016 and March 2017.
In a significant turnaround, the Rupee gained ground against the US dollar, settling at 94.96 as a result of strategic interventions by the Reserve Bank of India. These measures aimed at reducing excessive demand for dollars positively influenced the forex market, contributing to a decline in the dollar index and modestly lower oil prices.
Dalal Street saw a surge as IT stocks soared following strong quarterly earnings from industry giants. HCLTech and Tata Consultancy Services were at the forefront, with their share prices climbing significantly. However, this rally comes amidst a tougher year for IT stocks, which have dipped by 23%. Investor concerns remain about inflation and fluctuating crude oil prices, with the global tech landscape also impacted by chip industry developments.
Gold price prediction today: Gold prices are seeing ome fluctuations recently, influenced by geopolitical tensions and economic data. Recent attacks on Saudi Arabia have raised concerns about regional stability and oil prices. The US Dollar has strengthened, impacting gold prices and local currencies like the rupee. Expectations of future Fed rate hikes present additional challenges for gold.
A Karnataka man working in South Korea faced an income tax notice over his salary deposited in an NRE account in India. The Income Tax Assessing Officer claimed the salary was taxable in India due to his employment. However, the ITAT Bangalore found that the man had established his non-resident status.
N Chandrasekaran underscored India's immense promise in the semiconductor sector. He stressed the importance of thoughtful investments, aligning with market demand and financial feasibility. To bolster domestic capabilities, Tata Electronics collaborates with Taiwan's Powerchip to establish a fabrication plant in Gujarat, while Assam sees the launch of a semiconductor assembly facility aimed at fulfilling local needs.