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Economic Editor

Showkat Kumar

APSPDCL installs the state’s first high-tension and low-tension smart meters for the government sector.

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A high-tension (HT) smart meter was installed at APSPDCL’s corporate office in Tirupati, while a low-tension (LT) smart meter was set up at the Mandal Educational Officer’s office in Railway Kodur, Annamayya district. Tirupati-based Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) became the first of the three Discoms to install the state’s inaugural smart … Read more

Stocks to consider: ITC, Wipro, and Kotak Bank are among 11 stocks expected to rise by 5-16% over the next 3-4 weeks, according to analysts.

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Stocks to consider: Experts advise concentrating on high-quality stocks with favorable technical indicators for short-term gains. They suggest 11 stocks, including ITC, Wipro, Kotak Bank, IndusInd Bank, Mazagon Dock, and Bajaj Auto, which have the potential to rise by 5-16% over the next 3-4 weeks. Stocks to watch: On Monday, August 19, the Nifty 50, … Read more

Market Close: Sensex and Nifty end unchanged; mid and small caps perform well

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Market Close: Sensex and Nifty end unchanged; mid and small caps perform well The leading gainers on the Nifty included Hindalco Industries, BPCL, Shriram Finance, Tata Steel, and LTIMindtree, whereas the top decliners were M&M, Bajaj Auto, Axis Bank, IndusInd Bank, and SBI Life Insurance. Sector-wise, all indices except for auto and banking closed higher, … Read more

Eric Trump Interview Prods ‘Computerized Land’ Crypto Adventure

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Eric Trump, child of previous President Donald Trump, as of late revealed some insight into the secretive crypto project that he and his sibling, Donald Trump Jr., have been indicating. In a select meeting with the New York Post, Trump uncovered that the undertaking rotates around “advanced land.” He underscored that this adventure is “evenhanded” … Read more

SEBI chairperson should resign, A probe JPC into Adani mega scam, Congress Said

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The Congress party has called for the resignation of SEBI Chairperson Madhabi Buch and a thorough investigation by a Joint Parliamentary Committee (JPC) into the alleged Adani “mega scam.” This demand comes after a media report raised concerns about possible conflicts of interest involving Buch.Congress General Secretary Jairam Ramesh pointed to an article by The … Read more

Did you incorrectly claim a deduction on your ITR? The Income Tax Department requires employees to correct the mistake and pay any outstanding tax, or face potential penalties.

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Last year, the tax department discovered that some employees in Telangana and Andhra Pradesh had made false claims for deductions and tax exemptions to reduce their tax liabilities. This year, the department seems to be extending its focus to other cases. Chartered accountants have reported that the tax department is urging employers to advise their … Read more

US Fed must go big with 50 bps interest rate cut in September or risk recession

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The US Federal Reserve announced its interest rate decision in the previous Federal Open Market Committee (FOMC) meeting, leaving the benchmark interest rates unchanged at 5.25 per cent – 5.50 per cent for the eighth straight meeting, in line with Wall Street estimates. Fed chair Jerome Powell-led rate-setting panel ended its fifth policy-setting meeting for … Read more

China’s spending slump is taking its toll on e-commerce giant Alibaba, which missed earnings estimates.

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(Reuters) – Alibaba (NYSE:BABA) Group Holding missed market expectations for first-quarter revenue on Thursday, as the company’s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy. A halting economic recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending … Read more