FinShorts

𝗪𝗵𝗼 𝘄𝗲 𝗮𝗿𝗲: Where Every Second Counts: Bite-Sized News for a Busy World. Finance made simple. 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗼𝘂𝗿 𝘃𝗶𝘀𝗶𝗼𝗻 𝗯𝘆 𝗕𝘂𝘆 𝘂𝘀 𝗮 𝗰𝗼𝗳𝗳𝗲𝗲 ⬇ ☕ 🙏 https://lnkd.in/gbsbY4kk

𝟮𝟬𝟮𝟲 𝗧𝗮𝗸 𝗚𝗦𝗧 𝗖𝗼𝗺𝗽𝗲𝗻𝘀𝗮𝘁𝗶𝗼𝗻 𝗖𝗲𝘀𝘀 𝗸𝗮 𝗚𝗦𝗧 𝗠𝗲𝗶𝗻 𝗠𝗲𝗿𝗴𝗲𝗿 𝗛𝗼 𝗦𝗮𝗸𝘁𝗮 𝗛𝗮𝗶! #GSTReform #Finance #India #TaxUpdate

𝗚𝗦𝗧 𝗖𝗼𝗺𝗽𝗲𝗻𝘀𝗮𝘁𝗶𝗼𝗻 𝗖𝗲𝘀𝘀: 𝗚𝗼𝗠 𝗣𝗿𝗼𝗽𝗼𝘀𝗲𝘀 𝗠𝗲𝗿𝗴𝗲𝗿 𝘄𝗶𝘁𝗵 𝗚𝗦𝗧, 𝗥𝗲𝗽𝗼𝗿𝘁 𝗗𝘂𝗲 𝗯𝘆 𝗗𝗲𝗰 𝟯𝟭 The Group of Ministers (GoM) on GST compensation, led by Pankaj Chaudhary, has proposed merging the compensation cess with GST as its expiry in March 2026 approaches. States recommended that no new items be added to the luxury, sin, and demerit goods list during the transition. The GoM will submit its final report by Dec 31, 2024, potentially restructuring the cess to integrate it into the GST regime. #finance #news #GST #CompensationCess #TaxReforms Source:- https://lnkd.in/gncZ6UE2

𝗩𝗶𝘃𝗮𝗱 𝗦𝗲 𝗩𝗶𝘀𝗵𝘄𝗮𝘀 𝗦𝗰𝗵𝗲𝗺𝗲 𝟮𝟬𝟮𝟰: 𝗙𝗔𝗤𝘀 𝗥𝗲𝗹𝗲𝗮𝘀𝗲𝗱 𝗳𝗼𝗿 𝗧𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀' 𝗗𝗶𝘀𝗽𝘂𝘁𝗲 𝗥𝗲𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 The Vivad Se Vishwas Scheme 2024, launched on October 1, aims to settle pending income tax disputes, providing peace of mind to taxpayers. The CBDT has addressed several taxpayer queries via FAQs, including exclusions like assessments under section 132/132A. Key timelines include filing Form-1 by Dec 31, 2024, and completing payments within 15 days of receiving Form-2. Only income tax disputes are covered, excluding wealth tax, STT, and others. #finance #news #IncomeTax #VivadSeVishwas #DisputeResolution Source:- https://lnkd.in/gN_K4C5P

𝗜𝗻𝗳𝗼𝘀𝘆𝘀 𝗦𝘁𝗼𝗰𝗸 𝗨𝗽 𝟭𝟯.𝟱% 𝗦𝗶𝗻𝗰𝗲 𝗤𝟭 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀, 𝗔𝗵𝗲𝗮𝗱 𝗼𝗳 𝗤𝟮 𝗥𝗲𝘀𝘂𝗹𝘁𝘀 Infosys shares rose 2.02% to ₹1958.70 today, continuing a 13.5% surge since its Q1 earnings report in July. With a low volatility beta of 0.7, the stock is trading above all key moving averages. Infosys reported a 7.1% YoY rise in Q1 net profit to ₹6,368 crore and a 3.6% revenue growth. Market capitalization reached ₹8.07 lakh crore as investors await Q2 earnings results. #finance #news #Infosys #ITStocks #Q2Results Source:- https://lnkd.in/gTCd_iDN

𝗥𝗲𝗹𝗶𝗮𝗻𝗰𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝗨𝗽 𝟬.𝟭𝟵% 𝗔𝗵𝗲𝗮𝗱 𝗼𝗳 𝗕𝗼𝗻𝘂𝘀 𝗦𝗵𝗮𝗿𝗲𝘀 𝗥𝗲𝗰𝗼𝗿𝗱 𝗗𝗮𝘁𝗲 𝗼𝗻 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟴 Reliance Industries closed at ₹2713.45 on October 17, 2024, up 0.19% as the company prepares for its bonus shares issuance, set for October 28. The stock fluctuated between ₹2705.0 and ₹2738.7 during the session, with a trading volume of over 817,000 shares. Reliance's 52-week range includes a high of ₹3217.9 and a low of ₹2221.05, reflecting significant investor interest and active market participation. #finance #news #RelianceIndustries #Stocks #BonusShares Source:- https://lnkd.in/gcEaeKqG

𝗣𝗵𝗮𝗿𝗺𝗮, 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲, 𝗮𝗻𝗱 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗦𝗲𝗰𝘁𝗼𝗿𝘀 𝘁𝗼 𝗦𝗵𝗶𝗻𝗲, 𝗦𝗮𝘆𝘀 𝗧𝗮𝘁𝗮 𝗠𝘂𝘁𝘂𝗮𝗹 𝗙𝘂𝗻𝗱 𝗖𝗜𝗢 Rahul Singh, Chief Investment Officer at Tata Mutual Fund, highlights promising sectors for investors: pharmaceuticals, healthcare, and banking. Despite the high valuations, Singh doesn't foresee a major market correction soon, thanks to strong Indian macroeconomic indicators. He believes niche passive schemes, like sectoral or factor-based indices, will grow in significance. While acknowledging the LTCG tax hike, Singh emphasizes that mutual funds remain attractive for long-term wealth generation. Banking, undervalued for two years, offers great potential over 3-5 years. #finance #news #TataMutualFund #Pharma #Banking Source:- https://lnkd.in/gfAPCQFJ

𝗔𝘅𝗶𝘀 𝗕𝗮𝗻𝗸 𝗤𝟮 𝗣𝗿𝗼𝗳𝗶𝘁 𝗘𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗥𝗶𝘀𝗲 𝟳-𝟭𝟰%, 𝗡𝗜𝗠 𝗦𝗲𝗲𝗻 𝗮𝘁 𝟰% 𝗔𝗺𝗶𝗱 𝗛𝗶𝗴𝗵𝗲𝗿 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗖𝗼𝘀𝘁𝘀 Axis Bank is projected to report a YoY profit increase of 7-14% for Q2, with estimates ranging from ₹6,270 crore to ₹6,710 crore. Net Interest Income (NII) may grow 9-12%, while Net Interest Margin (NIM) could drop to 4% due to rising deposit costs. Pre-provision operating profit is expected to rise by 20.1% YoY. Analysts are focused on loan growth, cost normalization, and credit cost outlooks. #finance #news #AxisBank #BankingResults #StockMarket Source:- https://lnkd.in/gznM4VE8

𝗕𝗮𝗷𝗮𝗷 𝗔𝘂𝘁𝗼 𝗦𝗵𝗮𝗿𝗲𝘀 𝗙𝗮𝗹𝗹 𝟭𝟬% 𝗔𝗳𝘁𝗲𝗿 𝗠𝗶𝘀𝘀𝗶𝗻𝗴 𝗤𝟮 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝘀: 𝗜𝘀 𝗜𝘁 𝗧𝗶𝗺𝗲 𝘁𝗼 𝗕𝘂𝘆? Bajaj Auto shares hit a 10% lower circuit, dropping to ₹10,455.25 after a Q2 PAT miss, down 31.4% to ₹1,385 crore vs. expectations of ₹2,198 crore. Despite strong domestic sales and export recovery, revenue and profit fell short of projections. Brokerages are divided—Citi advises "sell" with a ₹7,800 target, while Jefferies recommends "buy" with a ₹13,400 target, citing growth in electric vehicles and exports. #finance #news #BajajAuto #StockMarket #Investment Source:- https://lnkd.in/gkTji__U