Namaste, financial enthusiasts! Let's unpack the week's top stories from the bustling Indian economy. From gold prices to bank holidays, we'll navigate the twists and turns of the market, keeping you informed and prepared.
Market Buzz
The Sensex and Nifty showed mixed signals, with some stocks shining while others dipped. Keep an eye on the auto and metal sectors, as well as upcoming IPOs like BlueStone Jewellery and Regaal Resources. The JSW Cement IPO is also in focus, with its listing expected soon. Remember the recent RBI's nod for online payment aggregation business, this news could be a game changer for the market.
Tax & Policy
The Finance Minister introduced a new Income Tax Bill in Lok Sabha, bringing changes in tax rules. Learn about the updated ITR-3 & ITR-4 filing windows. With the Income Tax filing deadline approaching, taxpayers have to choose between the old and new tax regimes. Stay informed about the implications for freelancers and salaried individuals. Also, learn about how the new tax bill will impact your finances!
Banking Updates
Several banks have announced changes: ICICI Bank reduced its minimum balance requirement for new accounts. SBI and Indian Overseas Bank have cut MCLR rates, making EMIs more manageable. The RBI has also set new draft rules for claim settlements. Also Bank of Baroda has added international UPI services to BOB World and it is good news for the Indian citizens.
Investment Insights
Indian markets are seeing a surge in investments. Reports show strong growth in the rental market and a boom in India's housing market. Experts are also discussing the risks and rewards of investing in Indian real estate. Mutual fund inflows have surged, and REITs are hitting record market caps. It's time to analyze these avenues.
