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Market News

Location American Market News for 29 April 2024
Demat Account: Charges applicable on converting physical shares into electronic form Dematerialisation is the process by which a trader or investor converts physical share certificates into electronic shares. Here's a look at the cost of converting physical shares into electronic form and why you should ...
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PMS providers need to start disclosing historical NAV of their strategies If you want the return data to reveal all its secrets, you will need to undertake a factor-based analysis for which historical NAV is needed
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Motilal Oswal Financial Services is offering up to 9.7% on its latest bond issue. Should you invest? The issue is secured and redeemable, rated AA/stable by Crisil Ratings and India Ratings.
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Can you improve your CIBIL score in a month? MintGenie answers There are numerous ways to improve your credit score quickly: paying off your existing debt, paying credit card bills on time, maintaining good credit mix and reducing credit utilisation.
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Cheaper Teslas? China Says 'You Ain't Seen Nothing Yet'

Wall Street Journal - 29 Apr 2024 15:00
Despite a brutal price year, China's large automakers are in surprisingly good shape. That means the EV price war will continue.
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Why the newly launched SBI Card MILES credit card is not up to the mark Spends on a travel-focused card earn the cardholder rewards that can be converted into loyalty points of partner airlines or hotels, or can be used to book flights or hotels through the travel aggregator platform of the ...
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The yen strengthened sharply, bouncing after it briefly hit a new 34-year low of 160 against the dollar on waning expectations for near-term rate increases from the Bank of Japan.
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Apple Might Be Able to Phone It In Now

Wall Street Journal - 29 Apr 2024 14:00
A slumping stock price has tempered Apple's valuation, making another weak iPhone report less risky.
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It's Not Just the Fed Driving Up Your Mortgage Rate

Wall Street Journal - 29 Apr 2024 13:42
Credit scores and other factors have a growing impact on borrowing cost.
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Coming to a CVS Near You: A Store Brand Monoclonal Antibody

Wall Street Journal - 29 Apr 2024 13:30
CVS is getting into the business of making copycat biologic drugs, known as biosimilars, to profit directly from blockbusters going generic.
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Income Tax: How to minimise tax liabilities while maximising investment returns? To minimize tax liability, retail investors should diversify their portfolio with tax-exempt assets and choose between dividend and growth stocks wisely. Investing in assets with indexation benefits and utilizing systema...
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Income Tax Return: How to prepare for hassle-free tax compliance? Here is a 10-point checklist Tax filing season is approaching, plan ahead to avoid last-minute hassles. Check ITR form eligibility, residential status, choose tax regime wisely, maintain proper documentation and more.
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Western banks pay €800m in tax to Putin's regime The largest western banks that are still operating in Russia paid more than €800m (£684m) in taxes to the Kremlin last year in an illustration of how financial institutions are funding his war in Ukraine.
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When will EPF members receive interest for FY 2023-24 in their accounts? Here's EPFO's response EPF subscribers anxious over delayed interest crediting; EPFO assures no loss of interest, interest for FY 2022-23 credited to 28.17 crore accounts.
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Tax filing is open, but why delaying until 15 June might be wiser In most cases, ITR filed before 15 June will get a mismatch notice from the IT department due to incomplete data regarding TDS, statement of financial transactions, TCS, etc.
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Yen Hits 160 to the Dollar

Wall Street Journal - 29 Apr 2024 08:18
The Japanese yen briefly hit a new 34-year low of 160 against the dollar, on waning expectations for near-term rate increases from the Bank of Japan.
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The 31% increase in the value of the insurer's new business prompted it to increase its payout to shareholders and announce additional share buybacks.
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