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
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
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
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
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
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'
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
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
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 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
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.
The push for affordable housing is expected to increase the availability of lower-priced housing projects
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
With a mix of optimism and caution, the Union Budget 2024 seeks to drive economic growth through fiscal discipline, tax reforms and infrastructure development
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
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
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
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
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
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.
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
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
Of the proposed allocation for the Ministry of Minority Affairs, Rs 1,575.72 crore is for education empowerment
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
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
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
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.
Finance Minister Nirmala Sitharaman presented Union Budget 2024-2025 and announced over Rs 1,000 crore for 140 major government schemes
Union Finance Minister Nirmala Sitharaman has allocated Rs 1.52 lakh crore for agriculture in the Union Budget 2024
The government has implemented a simplified tax system for the fiscal year 2024-25, with updated income tax slabs, rates, and deductions aimed at making the tax structure more user-friendly and advantageous for taxpayers in different income ranges