Newsletter | Gold glitters on Diwali; Nifty 50 set for worst month since March 2020 & more
#Diwali2024
Gold prices hit all-time high on Diwali; set for best month in seven globally
As India celebrates Diwali today, gold prices have one again hit record highs globally and in domestic markets. Investors are flocking to the precious metal, driven by safe-haven demand amid economic uncertainties and upcoming US elections.
In addition, the festive season demand in India has amplified gold’s appeal, supporting strong price movements.
Diwali gifts and bonuses: Know when they’re taxable under the Income Tax Act
Today, as families and friends celebrate Diwali with lights, sweets, and gifts, it’s also important to understand how certain gifts and bonuses can impact taxes. Under the Income Tax Act, 1961, gifts received during Diwali—whether cash, vouchers, or items—may become taxable if they exceed specific limits.
Let’s break down how gift tax rules work and how employees can handle bonus taxation.
#DailyData
Diwali Air Pollution
#CNBCTV18Market
From IREDA to Motilal Oswal — Stocks that gained more than 200% in Samvat 2080
As many as seven names across Nifty 50, Nifty Next 50, Nifty 500 and BSE 500 indices have more than tripled in value in Samvat 2080. These stocks cut across sectors, from PSUs, to consumption names, and even renewable stocks.
Diwali Top Picks: These five stocks are on most lists
Brokerages have unveiled their top stock recommendations, highlighting opportunities for festive-season gains. After analysing various brokerage recommendations, five names stand out as common favourites, each backed by strong fundamentals and sectoral advantages. Below, we delve into why these stocks are considered solid bets for investors in the year ahead and what’s fuelling analyst optimism across multiple sectors.
Nifty 50 set for worst month since March 2020 as FII selling, earnings drag from record levels
The Nifty 50 index is set for its worst month in nearly five years as relentless selling from foreign institutions and disappointing results from some index constituents has dragged the index lower from record-high levels.
Only four names on the Nifty are currently trading with gains on a month-to-date basis with State Bank of India and ICICI Bank among the top gainers, considering the rally seen by these names in the last few trading sessions.
HDB Financial IPO: Volatile interest rates to competition, key risks to public offer of HDFC Bank’s NBFC arm
HDB Financial Services, the non-banking lending unit of HDFC Bank, is gearing up for its initial public offer (IPO) of up to ₹12,500 crore ($1.49 billion). The non banking financial company (NBFC) on October 30 filed the draft red-herring prospectus for its IPO.
Here is a look at key risks of subscribing to the HDB Financial Services IPO
DAM Capital expects these steel stocks to rally up to 42% over the next 12 months
Brokerage firm DAM Capital has initiated coverage on four steel stocks, JSPL ) and expects these stocks to rise up to as high as 42% over the next 12 months.
#CyberSecurityAwarenessMonth
CNAP to CyCord: How Indian government is battling rising cybercrime
India is implementing robust cybersecurity measures to protect its growing digital ecosystem. Initiatives like the Calling Name Presentation (CNAP), National Cyber Security Strategy, and enhanced CERT-In capabilities aim to combat cyber threats and ensure a secure environment for Digital Nagriks.
As Cyber Security Awareness Month comes to an end, let’s take a look at some of them
#USElections2024
US elections: Donald Trump boards garbage truck to draw attention to Joe Biden remark
Donald Trump walked down the steps of the Boeing 757 that bears his name, walked across a rain-soaked tarmac and, after twice missing the handle, climbed into the passenger seat of a white garbage truck that also carried his name.
The former president, once a reality TV star known for his showmanship, wanted to draw attention to a remark made a day earlier by his successor, Democratic President Joe Biden, that suggested Trump’s supporters were garbage. Trump has used the remark as a cudgel against his Democratic rival, Vice President Kamala Harris.
US Presidential Election 2024 | Trump vs Harris: How the outcome will affect global ties
In recent years, the United States has been at the forefront of addressing complex global challenges, with its foreign policy playing a pivotal role in shaping international relations.
As the world grapples with issues ranging from regional conflicts to economic uncertainties, the US continues to navigate these turbulent waters, forging alliances and recalibrating its strategies to maintain global stability.
Next week’s pivotal presidential election is poised to have a significant impact on America’s foreign policy, with Donald Trump and Kamala Harris presenting contrasting views.
CNBC-TV18 spoke to former US Ambassador to India, Tim Roehmer, to put this in perspective.
We’ll see you with another 11:11 on Monday! Happy Diwali!
