The Income Tax department will begin sending SMS and email alerts from November 28 to about 25,000 individuals flagged as “high-risk” for not disclosing foreign assets in their income tax returns (ITRs) for Assessment Year 2025–26, PTI reported citing sources. The cases were shortlisted on the basis of data received from foreign jurisdictions under the…
Global investment banking giant JP Morgan has sharply raised its base-case Nifty50 target to 30,000 by end-2026, signalling a firm bullish stance on Indian equities.In its latest India Equity Strategy note, the firm said that India’s macroeconomic backdrop remains supportive, with fiscal and monetary policies “aligned to drive growth, sentiment, and earnings.” The report adds…
China Taiping Insurance Holdings Co. shares fell sharply on Thursday amid concerns over its exposure to a Hong Kong construction project linked to a devastating high-rise fire that has killed at least 44 people and left hundreds missing.The stock slid as much as 8.1% in early trading before trimming losses to about 2% by late…
Nifty & Sensex at record high! Experts are of the view that the stock market rally is driven by multiple factors. (AI image) Nifty50 and BSE Sensex, the Indian equity benchmarks, are finally rallying – and how! Both the 50-shares and 30-shares indices hit new lifetime highs on Thursday on the back of a strong…
HYDERABAD: Prime Minister on Thursday virtually inaugurated Hyderabad-based spacetech startup Skyroot Aerospace’s Infinity campus on the outskirts of Hyderabad and also unveiled Skyroot’s first commercial orbital rocket, Vikram-I, that will ferry satellites to into low Earth orbit (LEO).The state-of-the-art facility is spread over 2 lakh sq ft for designing, developing, integrating and testing multiple launch…
Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Samvardhana Motherson International, Adani Ports and Special Economic Zone, and Max Financial Services Ltd. Here’s his view on Nifty, Bank Nifty and the…
Asian stocks rose for a second straight session on Thursday, extending this week’s global rally as investors grow increasingly confident that the US Federal Reserve will deliver a third consecutive interest rate cut next month.The renewed optimism has pushed concerns over stretched valuations into the background for now, allowing risk appetite to strengthen across global…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied in trade on Thursday with the broader index hitting a lifetime high. While Nifty50 was above 26,250, BSE Sensex was up over 250 points. Nifty50 crossed its lifetime high of 26,277 hit last year in September to…
Kotak Institutional Equities has a reduce rating on Kaynes Technology with the target price at Rs 6,180. Analysts said the company’s management was confident of achieving its revenue guidance of Rs 4,500 crore despite a weak Apr-Sept half year (H1FY26) on the back of a strong order book. The company also believes that ongoing working…
Michael Burry, the investor famed for betting against the US housing market in “The Big Short,” is now shorting Nvidia and Palantir-two flagbearers of the AI rally. In a blistering Substack post, Burry dismissed Nvidia’s internal memo rebutting his concerns as “disingenuous on the face, and disappointing.”He accused the world’s most valuable company of deflecting…
