The new tax regime eliminates over 70 tax breaks, but retains some key benefits like tax exemption on employer contributions to NPS. Many employees are not taking advantage of this benefit, which is available in both old and new tax regimes. Employees can contribute voluntarily to NPS for additional tax deductions under section 80C and 80CCD(1B).

Paytm's shares rose 5% and hit the upper circuit for the second day in a row after partnering with Axis Bank for merchant payments. One97 Communications, has shifted its nodal account to Axis Bank and will continue to operate for all merchant partners. The Reserve Bank of India has extended the deadline for Paytm Payments Bank customers to switch to alternative banks until March 15.

Indian stock market continues to climb, with Nifty 50 index hitting new highs and sustaining above the crucial 21,800 mark. Experts predict a further bull trend if the index breaks through the resistance at 22,125, with five triggers including positive election surveys and global market cues likely to fuel the rally. Liquidity is also expected to increase with a potential rate cut by the RBI.

📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex gained 76.43 points or 0.11% at 72,503.07 and the Nifty was up 36.35 points or 0.16% at 22,077.05. 📢Balrampur Chini (⬆️3.81%), Bandhan Bank (⬆️1.64%) and Metropolis (⬆️1.57%) appeared as the top performers on the Nifty50 at open.

Mitsubishi Corp is entering the car sales business in India through a stake acquisition of over 30% in TVS Mobility. The investment, worth up to $66 million, will create a new entity focused on selling Japanese cars and promoting EVs. Mitsubishi plans to improve customer experience through new services and boost sales in the competitive Indian market.

Commodities showed a positive trend after a week of fluctuations, except for gold. US economic data and speeches by Federal Reserve officials affected market sentiment. Inflation figures sparked uncertainty about the Fed's easing plans, but poor retail sales renewed expectations for rate cuts in the first half of the year. ETF outflows and high domestic prices dampened Indian demand for gold.

Zomato, a food delivery major, plans to expand its 10-minute delivery platform, Blinkit, by adding products from various categories. This move will put Zomato in direct competition with e-commerce giants like Amazon and Flipkart. The company aims to build its supply chain to directly source products and manage stock for Direct-to-Consumer (D2C) brands.

Asian shares started the week slow due to decreasing chances of early global rate cuts, but investors are hopeful for a boost from China's return from holiday. Results from Nvidia on Wednesday will test the recent surge in tech stocks. China saw a 47% increase in tourism during Lunar New Year. Global markets have revised their expectations for US rate cuts following high inflation readings.

📌Paytm said it has partnered with Axis Bank for the settlement of merchant payments. 📌LICI had received refund orders for Assessment Years 2012–13, 2013–14, 2014–15, 2016–17, 2017–18, 2018–19, and 2019–20. 📌Tata Power has received an LOI from REC Power Development and Consultancy, a wholly-owned subsidiary of REC. 📌IRDAI has granted in-principle approval to Policybazaar Insurance Brokers.

Bear markets in crypto don't last forever. We could be at the beginning of a historic period leading to another bullish market, with Indian investors joining in. A bull run is marked by positive sentiment, rising prices, institutional adoption, and FOMO. Events such as BlackRock's Bitcoin ETF approval and the upcoming halving have sparked optimism.

Japan's Nikkei share average pulled back from near record highs on Monday, dragged down by chip-related stocks after a sell-off in their U.S. counterparts. Nintendo also saw a sharp decline due to reports of a delayed release for its next console. The broader Topix index performed better, likely due to the U.S. President's Day holiday keeping overseas investors away.

On Monday, the GIFT Nifty increased by 0.18%, signaling a positive start for Indian stock markets. In the Asia-Pacific region, stocks are trading mixed with the Asia Dow up by 1.24% and Japan's Nikkei 225 up by 0.05%. Meanwhile, Hong Kong's Hang Seng and China's Shanghai Composite ended the week with gains of 2.48% and 1.28% respectively.

Experts are cautiously optimistic about Indian markets, with PSU stocks and banks being top performers. India VIX has seen a slight increase in volatility, reminding investors to be cautious. A recent report highlights the undervaluation of PSU stocks and improving fundamentals, leading to a positive outlook for PSU Bank index. Technical analysis suggests potential positive returns for the index.

Gold prices rose on Monday as the dollar softened, after a drop last week due to higher U.S. inflation data. Spot gold was up 0.2% and U.S. gold futures edged 0.3% higher. The dollar index fell 0.1%, making gold more affordable for overseas buyers. Despite a fall in prices last week, traders have pushed back expectations of a U.S. interest rate cut from March to June.

Motilal Oswal Financial Services may face consequences of a cyber-attack by LockBit, a ransomware group. The group threatened to leak stolen data if their ransom demands were not met. India's Computer Emergency Response Team is taking action. Last year, LockBit targeted other Indian companies including Granules India and National Aerospace Laboratories.