In an odd turn in Donald Trump's continuing trade war, the US has placed a 10% tariff on Heard Island and McDonald Islands — isolated, unpopulated Australian islands off Antarctica. The islands, inhabited by penguins, seals, and seabirds, but no humans, have no infrastructure, people, or documented exports to America. This notwithstanding, the Trump administration put them...
Investcraft Market Updates
Mutual funds have been net sellers in Indian equities over the last six sessions, taking advantage of the recent market surge to lock in profits, according to experts. Between March 20 and 28, mutual funds sold equities worth over ₹16,000 crore, a move analysts attribute to profit booking following significant market gains. This comes after they were net buyers earlier in the month, purchasing over...
Construction of the 212-kilometer-long Delhi-Dehradun Expressway is almost complete and is likely to open by June. But a single house in Ghaziabad has become a major hurdle, pushing back the project. This problem traces back to the 1990s when Mandola, a village on the Delhi-Ghaziabad border, was being cleared following a notification in 1998 by the Uttar Pradesh Housing...
As the global economy struggles with the effects of retaliatory tariffs imposed by U.S. President Donald Trump, the White House has released a list of goods that have been temporarily exempted. This is particularly favorable for India, as its pharmaceutical industry has managed to avoid the tariffs for now. Currently, India imposes a 10% tariff on pharmaceutical imports from the U.S., whereas the U.S....
The Supreme Court strongly criticized the Uttar Pradesh government and the Prayagraj Development Authority for illegally and insensitively demolishing the homes of a lawyer, a professor, and three others in Prayagraj. The court declared the demolitions unlawful and ordered a compensation of ₹10 lakh per affected person, to be paid within six weeks. A bench of Justices Abhay S Oka and Ujjal Bhuyan...
India's manufacturing activity rebounded in March, closing FY25 at an eight-month high of 58.1, up from a 14-month low of 56.3 in February, according to private sector data released on April 2. The HSBC India Manufacturing PMI recorded its eighth consecutive month above 57, driven by strong domestic orders. Auto sales data released earlier indicated rising consumer demand. Mahindra & Mahindra saw an...
Tata Consumer Products' share price surged in early trading on Wednesday after Goldman Sachs upgraded its rating and raised its price target. The stock climbed 8.15% to an intraday high of ₹1,073.15 on the NSE before settling at ₹1,063.40, up 7.17%. Goldman Sachs shifted its rating from 'Neutral' to 'BUY' and increased the price target from ₹1,040 to ₹1,200, citing strong EPS growth potential for...
Thailand has launched an investigation into the collapse of a 33-story under-construction high-rise following a powerful 7.7 magnitude earthquake in Myanmar on Friday. The incident has sparked concerns over the building’s structural integrity, as it was being developed through a joint venture involving a Chinese firm. Deputy Prime Minister Anutin Charnvirakul visited the site on Saturday, where at least...
Leading Indian electronics manufacturers—Dixon, Optiemus, Zetwerk, and Bhagwati—are in discussions with global component suppliers to form joint ventures and strategic alliances aimed at bringing advanced technology to India. Each company is planning investments of ₹800-₹1,000 crore to enhance local production capacity. Industry leaders believe the recently sanctioned ₹22,919 crore Component...
Report on Equity Tax-Loss Harvesting Introduction Equity tax-loss harvesting is a tax strategy used by investors to offset capital gains by booking losses in underperforming investments. While this method helps defer tax liabilities, it comes with inherent risks. If not executed properly, investors may end up paying higher taxes than anticipated. Understanding Tax-Loss Harvesting Tax-loss harvesting...