Business News - Page 25

McDonald's unhappy meal: Global sales fall for first time since 2020

Chief Executive Officer (CEO) Chris Kempczinski said there is a lot more deal-thinking from consumers who have become “very discriminating”. “Consumer sentiment in most of our major markets remains low,” he said. Global comparable sales fell one per cent in the second quarter, compared with the analysts’ average estimate of a 0.5pc increase. Overall revenue rose 1pc. McDonald’s launched a $5 meal deal in June at most of its US locations. It was set to extend that offer into August to lure back customers who have cut back on frequent restaurant trips

Silver sees biggest single-day fall of the year, gold tumbles Rs 950 because...

The silver prices on July 29 witnessed the biggest single-day fall in 2024. It ended at Rs 89,000 per kg in the previous session

Stocks to watch: Ultratech Cements, Maruti Suzuki, Biocon, Dr Reddy's and BHEL shares in focus

Key stocks to watch include UltraTech Cement's acquisition stake in India Cements, BHEL's Rs 10,000 crore contract with DVC, Dr. Reddy's revenue growth despite profit decline, Maruti Suzuki's tax appeal, and Biocon's FDA inspection outcomes

Budget 2024 impact: Apple slashes iPhone price after import duty cut

The entry-level iPhone SE will now cost Rs 47,600, down from Rs 49,900, and iPhone Pro model will now cost Rs 5,100-6,000 less

Does marriage make you a better stocks trader? This Sebi study may surprise you

During the years — FY19, FY22 and FY23– examined by the regulator, the proportion of loss-makers was lower among married traders compared to single traders

'Not because I want more money, but...': What FM Sitharaman said on increasing taxes in Budget 2024

Days after presenting Union Budget 2024, Finance Minister Nirmala Sitharaman on Friday said: 'I will hear all comments and suggestions with respect to tax changes but the Finance Bill now rests with Parliament'

Stocks to watch: Shares of SJVN, Tech Mahindra, DLF, Mankind Pharma, IndiGo, and Cipla in focus

Key stocks to watch include SJVN, securing a major project; Mankind Pharma, acquiring Bharat Serums; DLF, with a 22.5 per cent profit increase; and Tech Mahindra, reporting a 28.8 per cent profit growth. Cipla, IndusInd Bank, and IndiGo are also set to release their Q1 earnings

US stock market: In Wall Street shake-up, tech titans tumble as underdog shares rise

Among the major tech names, Amazon and Apple both shed 0.5 per cent, while Nvidia saw a 1.7 per cent decline. Alphabet's shares fell by 3 per cent, Facebook owner Meta slid 1.7 per cent, and Microsoft retreated by 2.5 per cent

Stocks to watch: Nestle India, Dr Reddy's Labs, ITC, RVNL, Axis Bank, and Larsen and Toubro shares in focus

The GIFT Nifty index dropped by 216 points, signalling a likely gap-down start for Dalal Street. Stocks to watch include Nestle India and Dr Reddy's joint venture, ITC's new Italian subsidiary, Axis Bank's profit rise, L&T's revenue growth, and RVNL's new South Eastern Railway project

US stock market: Wall Street sees worst day since 2022; Tesla, Google and other tech stocks drag Nasdaq

US stock indexes experienced their worst losses since 2022. The S&P 500 fell 2.3 per cent, the Dow Jones dropped 1.2 per cent, and the Nasdaq tumbled 3.6 per cent

Budget 2024: IIMs, IITs face budget cut, grant for higher education down by over Rs 9,600 cr

The overall budget allocation for the education sector has gone down by over Rs 9,000 crore. The Centre has allocated over Rs 1.20 lakh crore to the Ministry of Education for 2024-25 as against revised estimate of over Rs 1.29 lakh crore in the previous financial year.

How Budget 2024’s allocation affects rural infrastructure and housing markets

The push for affordable housing is expected to increase the availability of lower-priced housing projects

Union Budget: India's AI strategy in the age of digital threats from code to cyber shields

India is transforming its digital landscape by integrating AI into its cybersecurity strategy aiming to navigate the complexities of modern threats while building a secure and resilient future

Union Budget strikes a balance between strategic growth and practical concerns

With a mix of optimism and caution, the Union Budget 2024 seeks to drive economic growth through fiscal discipline, tax reforms and infrastructure development

Budget 2024: This is how your mutual fund investments, monthly SIPs will be affected

Union Budget 2024 introduces changes that emphasise long-term investment while simplifying the tax structure for mutual funds. For long-term investors, the raised exemption limit provides some relief, ensuring that small investors continue to benefit. Short-term investors, however, need to re-evaluate their strategies to optimise their tax liabilities

Want to buy or sell property? Here’s how Union Budget 2024 affects your decision

Finance Minister Nirmala Sitharaman’s Union Budget 2024 has introduced significant changes that will impact the real estate sector. While she has removed the indexation benefit for property sales, she has also cut down the long-term capital gains (LTCG) tax from 20 per cent to 12.5 per cent. Here’s what else has changed and how it impacts your decision in purchasing or selling property

Getting ready to file I-T returns? Union Budget 2024 says something about refunds

Union Budget 2024, tabled by Finance Minister Nirmala Sitharaman on July 23, proposed to reduce the time-limit for which reassessment can be done and rationalisation of the provisions

Union Budget 2024: Should you pick new tax regime? How can you save Rs 17,500 in income tax every year?

In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced a revision of tax slabs under the new regime. Salaried employees can save up to Rs 17,500 annually, she said. Here’s how

Union Budget 2024 favours new tax regime. Here’s why you shouldn’t write off the old one yet

Finance Minister Nirmala Sitharaman announced changes in the new tax regime, which would allow for salaried personnel to save Rs 17,500 annually. However, those with higher tax deductions and higher incomes could benefit more from the old regime

Stocks to watch: Titagarh Rail Systems, Infosys, Tata Consumer, HUL, Bajaj Finance, and United Spirits

The GIFT Nifty index was down 66 points, or 0.27 per cent, at 24,405 points as of 9 am on Wednesday, July 24, indicating a negative opening for Dalal Street.

US stock market: Dow Jones, Nasdaq, S&P 500 end lower amid mixed earnings; Wall Street focus on Q2 earnings

The S&P 500 declined 0.16 per cent to 5,555.74 points, while the Nasdaq Composite fell 0.06 per cent to 17,997.35. The Dow Jones Industrial Average dropped 0.14 per cent to 40,358.09

iPhone Pro, Google Pixel prices may fall after import duty cuts on mobile phones

Industry watchers believe that the latest proposals to cut import duties on mobile phones could result in Rs 2-4,000 reduction in prices of some of the premium handsets, including iPhone Pro and Google Pixel

Budget 2024: Minority Affairs ministry gets Rs 574 cr more, mostly for education

Of the proposed allocation for the Ministry of Minority Affairs, Rs 1,575.72 crore is for education empowerment

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy

The Budget 2024-25 makes way for private sector’s participation in the research and development of small modular nuclear reactors to boost India’s nuclear energy capacity

Planning to sell property worth Rs 50 lakh or more? Budget 2024 has news for you

In the budget document, the government said that Section 194-IA of the Act provides for the deduction of tax on payment of consideration for the transfer of certain immovable property other than agricultural land. An amendment will be made in the section to clarify this

Planning to sell property bought after 2001? Budget has taken away a key tax benefit

If the average return on investment is more than 12% and inflation rate is 5% then there is a tax saving as per the proposed amendment compared to the present tax rate

How Budget 2024 will change your investment and borrowings

The Budget proposes a reduction in customs duty on gold and silver from 15% to 6% and on platinum to 6.4%. This addresses a long-standing demand from the gems and jewellery industry and is expected to lower domestic prices and increase demand for precious metals.

Budget 2024: 10 schemes with biggest allocations

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