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Risk Management and Best Practices for Trading on Tradingview

While Tradingview provides a fantastic platform for trading, it’s essential to remember that trading involves risk. It’s crucial to implement sound risk management techniques to protect your investments and preserve capital.

Set realistic goals and avoid being guided entirely by means of the pursuit of quick-term gains. Emotions can regularly cloud judgment, so attempt to stay calm and targeted whilst making trading choices. Avoid the not-unusual pitfalls of overtrading, chasing losses, and failing to have a strong buying and selling plan.

As you navigate Tradingview, do not hesitate to seek advice from skilled traders within the community. By getting to know from their studies, you may benefit from treasured insights and keep away from capability pitfalls.

Tradingview is a powerful tool that can help you unleash your full trading potential. Its user-friendly interface, customizable charting tools, extensive asset selection, and social features make it an excellent platform for traders of all levels.

As with any trading endeavor, it’s important to approach trading on Tradingview with discipline, patience, and a willingness to learn. Take advantage of Tradingview’s educational resources and the diverse community to continuously expand your trading skills.

Are you ready to dive into the world of trading? Sign up for Tradingview today, explore its features, and embark on your trading journey. Whether you’re a beginner or an experienced trader, Tradingview can be the catalyst that propels you towards trading success.

Unleash your trading potential today and seize the opportunity to dominate the stock market!

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Business

Enforcement Directorate Raids SREI Infrastructure Finance Properties

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The Enforcement Directorate on Tuesday conducted simultaneous raids on properties of of two organisations—SREI Infrastructure Finance Ltd. and Srei Equipment Finance Ltd., which are undergoing bankruptcy proceedings, in connection with the ongoing probe into alleged illegal financial dealings by them, an ED official said. The central agency’s officials raided an office of the promoters at Alipore area of the city, besid…

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Business

GST Collection Breaches Rs 1.5 Lakh Crore Mark In January

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The Ministry of Finance announced the monthly collections of the goods and services tax ahead of the Union Budget on Wednesday.

The gross GST collected in January for transactions in December stood at Rs 1.55 lakh crore, rising from the previous month’s tally of Rs 1.49 lakh crore.

GST data is released with a month’s lag and pertains to transactions that took place in the preceding month.

Trends indicate that the last quarter usually registers increased collections. Monthly collections have continued to remain upwards of Rs 1.4 lakh crore since March 2022. The recent collections are higher than October’s collections and the April figures, making it the second highest collection ever.

Collections hovered around the Rs 1.5 lakh crore mark last month as well, missing the mark by a small margin.

Experts said that this was aided by manufacturing and consumption stability across states, and highlighted robust economic performance across key sectors.

January’s collection is 24% higher than the corresponding period last year. During the month, revenues from import of goods were 29% higher and revenue from domestic transactions, including import of services, were 22% higher than revenue from these sources during the same month last year.

E-way bills picked up during the month to 8.3 crore, which is the highest so far, up from 7.9 crore in the previous month.

The government’s budget estimates pegged the indirect tax target at Rs 13.30 lakh crore. Revised estimates for the fiscal will be revealed along with the country’s financial outlay for the next financial year in the budget.

The total tax target for the fiscal currently stands at Rs 27.50 lakh crore.

Break-Up Of GST Collections (as on 5 p.m. on Jan. 31)

  • Gross GST revenue: Rs 1,55,922 crore.
  • Central GST: Rs 28,963 crore.
  • State GST: Rs 36,730 crore.
  • Integrated GST: Rs 79,599 crore (including Rs 37,118 crore collected on import of goods).
  • Cess: Rs 10,630 crore (including Rs 768 crore collected on import of goods).

The ministry credited the healthy collections to various policy changes introduced during the course of the year to improve compliance.

“The percentage of filing of GST returns (GSTR-3B) and of the statement of invoices (GSTR-1) till the end of the month, has improved significantly over years,” according to a release.

In the October–December quarter, a total of 2.42 crore GST returns were filed till end of next month as compared to 2.19 crore in the same quarter in the last year.

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Business

Net Profit Declines 60%, Misses Estimates

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ACC Ltd.’s third-quarter net profit fell and missed analysts’ estimates.The cement-maker reported 60% year-on-year decline in net profit at Rs 113.19 crore, according to an exchange filing. That compares with the 149.46 crore consensus estimate of analysts tracked by Bloomberg.ACC Q3 Results FY23 (Consolidated, YoY)Revenue up 7% at Rs 4,536.97 crore vs Rs 4,225.76 crore, and compared to Bloomberg estimates of Rs 4,509.62 crore.Ebitda…

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Business

Delhi High Court Affirms Treaty Benefit In Blackstone’s Case

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In a welcome ruling for investors coming from treaty countries, the Delhi High Court has dismissed allegation of tax evasion against Blackstone Group’s Singapore entity.

The high court set aside reassessment proceedings against Blackstone Capital Partners (Singapore) VI FDI Three Pte., while emphasising that revenue authorities cannot question the sanctity of the tax residency certificate.

This decision would provide a huge relief to foreign investors, since the court has categorically recorded that the TRC is statutorily the only evidence required to be eligible for the benefit under the Double Tax Avoidance Agreement, Kumarmangalam Vijay, partner at JSA, told BQ Prime.

The transaction, which prompted a notice from the tax authorities, related to Blackstone’s acquisition in India-based Agile Electric Sub Assembly Pvt. back in 2013. Blackstone had later sold its shares in Agile to Igarashi Electric Works Ltd. and others in 2015.

While filing its 2016-17 returns, Blackstone had claimed that the gains earned by it on sale of shares were not taxable by virtue of the DTAA entered into between India and Singapore. In December 2021, the tax department issued a reassessment notice saying that the nature and genuineness of the transaction was not verified.

In its response, Blackstone said that the transaction between the parties was genuine and it was entitled to the benefit of India-Singapore DTAA. To support its contentions, Blackstone relied on various documents such as its bank statement, audited financial statement, memorandum and articles of association, etc. The department disagreed stating that the power to reopen the assessment is wide in nature.

Aggrieved by the department’s stance, Blackstone approached the Delhi High Court.

The court noted the revenue authorities’ reason for reassessment, namely for verifying the nature and genuineness of the transaction. This, the high court pointed out, is untenable in law as the return of income had been filed by the petitioner within time and with full particulars. The time period for verification as well as for seeking clarification or additional documents and information had also expired, the court said.

“The Assessing Officer has to show that there is a live link or close nexus between the material before the Assessing Officer and the belief that there has been escapement of the income chargeable to tax.”

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Business

Israel hands over Haifa Port to Adani Enterprises

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The Israel government handed over the Haifa Port to Adani Enterprises Ltd. and its joint venture partner Gadot Group on Tuesday, finalising the ambitious acquisition for the ports-to-transmission conglomerate.

Adani Group Chairman Gautam Adani and Israel’s Prime Minister Benjamin Netanyahu signed the port book at the event to mark the handover in Haifa.

Adani exuded confidence that the group would transform the entire port landscape with support from Israel, the local authorities, and joint venture partner Gadot.

“We realise that there will be competition from others, but our confidence comes from our belief in the people of Israel and, therefore, our belief in the Israel growth story,” he said.

“The acquisition of the Haifa port also comes with a significant amount of real estate. And I promise you that in the years to come, we will transform the skyline we see around us. The Haifa of tomorrow will look very different from the Haifa that you see today. With your support, we will deliver on this commitment and do our part to transform this city,” the Adani Group founder said.

Talking about Adani Group’s future plans for Israel, he said the company would set up an artificial intelligence lab in Tel Aviv and it will work in close collaboration with its new AI labs in India and the U.S.

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Laurus Labs’ Revenue To Remain Stagnant In March Quarter: CEO

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Laurus Labs Ltd. isn’t likely to witness a bump-up in revenue in the fourth quarter of the fiscal, according to its Chief Executive Officer Satyanarayana Chava.

The situation with the environment is challenging with respect to orders, antiretroviral drugs and formulation non-ARVs, Chava said.

Fiscal 2024 will be a year of consolidation and the subsequent fiscal will again be a growth year, Chava, who is also the founder of Laurus Labs, told BQ Prime’s Niraj Shah.

The pharma and biotech company’s third quarter revenue rose 50% to Rs 1,545 crore year-on-year, while net profit was up 32% to Rs 203 crore.

The Hyderabad-based firm said that in the next fiscal, it has a “lot of capacity” coming online—both active pharmaceutical ingredient and formulations, as well as contract development and manufacturing organisation.

The company’s operating margin stood at 26.1%, down from 27.7% a year ago.

“Since we have a lot of qualified capacities in APIs and formulations, a lot of operational deleveraging is happening,” Chava said. “We expense all pre-operative expenditures and we don’t capitalise. So, that was the one hit to Ebitda.”

The company doesn’t have “big concerns” for the margin front in the next fiscal, he said.

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