Business

DAINIK NATION BUREAU: Owning a vacant house property can bring about financial implications, including the concept of deemed rental income. As per the Income Tax Act, if an individual owns a house property that is not rented out or self-occupied, they are required to calculate and declare deemed rental income. This article aims to provide clarity on the calculation process ...

DAINIK NATION BUREAU : The rapid rise of over-the-top (OTT) platforms and the widespread availability of internet services have significantly impacted the revenue streams of traditional telecom operators in India. According to recent reports, telecom companies have witnessed a sharp decline in their revenue share from voice calls and SMS services over the past decade, as consumers increasingly opt for ...

The BSE benchmark Sensex soared 635 points on Thursday as global investors heaved a sigh of relief after the US-Iran conflict appeared to cool off. The 30-share BSE index surged 634.61 points, or 1.55 per cent, to finish at 41,452.35. Similarly, the broader Nifty surged 190.55 points, or 1.58 per cent, to 12,215.90. ICICI Bank was the top gainer in ...

Banking services were impacted on Wednesday as employees went on a nationwide strike called by 10 central trade unions to protest against the government’s “anti-people” policies. Branch activities including cash withdrawal deposit in public sector banks in many places across the country have been affected due to the strike. Most of the lenders had informed their customers in advance about ...

India’s GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal, mainly due to poor showing by manufacturing and construction sectors, government data showed on Tuesday. As per the first advance estimates of the national income released by the National Statistical Office (NSO), the manufacturing sector output growth will decelerate to 2 per ...

Gold prices in the national capital hit an all-time high level on Monday and zoomed Rs 720 to Rs 41,730 per 10 gram following a pick-up in safe-haven demand for the metal amid weak equities and bullish global trends, according to HDFC Securities. Silver also witnessed increased buying as it surged Rs 1,105 to Rs 49,430 per kg from Rs ...

The country’s foreign exchange reserves swelled by USD 2.520 billion to touch a record high of USD 457.468 billion in the week to December 27, according to RBI data. In the previous week, the reserves rose to USD 454.948 billion after increasing by USD 456 million. In the reporting week, the increase in reserves was mainly on account of a ...

Equity benchmark BSE Sensex jumped over 150 points in opening session on the first day of 2020, tracking buying in index heavyweights Reliance Industries, HDFC twins, ICICI Bank, L&T and Axis Bank. After rising 164 points in early trade on Wednesday, the 30-share BSE index was quoting 131.47 points or 0.32 per cent higher at 41,385.21. Similarly, the broader NSE ...

The economic slowdown may have clipped sales of cars and biscuits in 2019, but smartphones bucked the trend as urban and rural users continued to buy, and even upgrade to, expensive handsets – a trend likely to pick up pace in the coming year. The growth in smartphone adoption was further fuelled by the government’s push to position the country ...

Benchmark indices nursed losses for the third straight session on Thursday, led by selling in market heavyweights Reliance Industries and HDFC Bank amid expiry of December derivatives contracts. After tumbling 328.37 points during the day, the 30-share BSE Sensex ended 297.50 points, or 0.72 per cent, lower at 41,163.76. It hit an intra-day low of 41,132.89. Similarly, the broader NSE ...