Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50 began Thursday's session in green driven by information technology (IT) stocks and after a rise in other Asian equities, following softer-than-expected US consumer inflation. On stocks to buy today, Osho Krishan recommended two stocks - Petronet LNG Ltd, and Balkrishna Industries Ltd.
Open FlipDSP Mutual Fund has declared dividends in its ELSS Tax Saver Fund. Investors will receive a dividend of ₹0.580 per unit, with the record date set as May 16, 2024. The fund house has declared dividends in both its DSP ELSS Tax Saver-IDCW and DSP ELSS Tax Saver Direct-IDCW schemes. DSP ELSS Tax Saver Fund is mandated to invest at least 80% of its assets in equity stocks.
Open FlipThe Supreme Court of India has stated that if a family divides its wealth among its members through a family arrangement following specific conditions, then the individual family members won't have to pay capital gains tax. The Godrej family, worth billions of dollars, recently used this method to distribute its wealth, which included properties in prime locations and shares of its listed company.
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