Tuesday, March 25
Budget 2025 income tax expectations: Financial experts suggest that Finance Minister Nirmala Sitharaman, in Budget 2025, should tweak NPS to boost retirement savings by increasing tax deduction ceilings and revising withdrawal options, making it more attractive for small savers and middle-income earners.
President-elect Donald Trump's newly debuted digital token, trading under the “Trump” ticker on the Solana blockchain, surged to a $15 billion market value over the weekend, causing major speculative activity within the cryptocurrency market. However, its value decreased to below $10 billion following the launch of a similar token by his wife, Melania.
Stock market today: The BSE Sensex fell 423.49 points or 0.55 per cent, closing at 76,619.33, after dropping as low as 76,263.29 during the trading session. The NSE Nifty ended lower by 108.60 points or 0.47 per cent at 23,203.20.
Havells India Ltd reported a 3.45% decline in consolidated net profit for the December 2024 quarter, amounting to Rs 277.96 crore. Despite this, revenue from operations increased by 10.76% to Rs 4,888.98 crore. Total expenses also rose by 12.18%. The company remains optimistic about better demand and margins in upcoming quarters, announcing a 400% interim dividend.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, closed in green on Wednesday. While BSE Sensex was above 76,700, Nifty50 was over 23,200.
PepsiCo is exploring the acquisition of a 10-15% stake in Haldiram Snacks Food. Haldiram's significant market presence and revenue surpass PepsiCo in India, making it an attractive investment target.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Monday morning. While BSE Sensex went below 76,600, Nifty50 was near 23,200.
India's coal imports rose by 2% to 182.02 million tonnes between April and November this year. Monthly imports for November dropped to 19.57 MT due to sufficient domestic supply, leading to reduced demand. Coking coal imports also decreased slightly as the government pushes for increased domestic production.
Stock market today: The BSE Sensex experienced volatile trading, falling 241.30 points or 0.31 per cent to close at 77,378.91. The index fluctuated 820.15 points during the day, reaching a high of 77,919.70 and a low of 77,099.55.
