Section 80TTB of the Income Tax Act gives tax benefits for individuals 60 or older, by offering a deduction of Rs 50,000 on interest income generated from various deposits.
Aurobindo Pharma, Majestic Auto, and TCI Express are the three stocks that will trade ex-dividend on February 20. Given that these firms have all declared 150% dividends, should investors think about buying any shares before the ex-date?
Mid cap public sector undertaking Mangalore Refinery & Petrochemicals Ltd shares today hit 20% upper circuit on BSE. Last trading price of Mangalore Refinery shares on BSE is Rs 287.40 apiece.
Due to three significant corporate actions—a stock split, bonus share distribution, and dividend—that are scheduled to occur shortly, market observers are likely to be concentrating their attention on Thinkink Picturez Ltd., a small-cap company in the consumer discretionary sector.
The Committee of Directors of small cap NBFC Sector company Mufin Green Finance on February 19, 2024 considered and approved the conversion of 8,75,000 warrants into 8,75,000 equity shares of face value of Re 1/- each on preferential basis.
The Maharashtra Assembly has unanimously approved the Maratha Reservation Bill, securing a 10% quota in education and government jobs for the Maratha community, according to ANI reports.
KPI Green Energy is one of Dalal Streets multibagger stocks; in only one year, the company returned an amazing 515% to its stockholders. The companys most notable development, though, is that it was awarded the solar photovoltaic power project after stockholders were granted 1:2 bonus shares.
The Nifty soared to record highs, closing above the 22,100 mark for the first time ever. The market witnessed a flurry of activity, with the Nifty hitting an intra-day record high of 22,186.70. Indias equity market capitalization touched a remarkable high, reaching Rs 392 lakh crore.
Tata Power will source green power to BluSmart to drive the latters commitment to decarbonizing mobility at scale and bolster Indias net-zero ambitions. Brokerage JM Financial has recommended buying Tata Power share.
Jeff Bezos and NVIDIA, along with several others, are investing in humanoid robot startup Figure AI, as reported by Bloomberg
Last week, the Indian stock market continued its winning streak for the fourth consecutive day, with both the Sensex and Nifty 50 closing at a one-month high.
Board of Directors of small cap company Sprayking Agro Equipment Ltd will hold meeting on February 26, 2024 to consider sub-division/stock split of equity shares of the company. Last trading price of Sprayking Agro shares on BSE is Rs 261.65 apiece with intraday gain of 6.84%. Sprayking Agro shares offered return of 27% in last 2-weeks and jumped 725% in last 1-year.
On Wednesday, February 21, the four well-known stocks—Cummins India, Saregama India, PI Industries, and Hero Motocorp—will trade ex-dividend. All of these companies have Wednesday, February 21st as their record date.
Logica Infoway Ltd. is scheduled to trade ex-bonus for the 5:1 bonus issue in two days. For the same reason, the corporate actions record date is February 21, 2024. Prior to trading ex-bonus, the stock started trading on the BSE higher today at Rs 1500 apiece. During the morning session, it soared to an all-time high of Rs 1,549.
Four public sector undertakings will trade ex-dividend next week. These PSUs are Coal India Ltd, Hindustan Aeronautics Ltd, Power Finance Corporation, and MSTC Ltd.