While the earning season brought cheers to almost all sectors, the strain in the banking sector, especially in the public sector banks, is also being highlighted. Prominent public banks including PNB, Allahabad Bank, Dena Bank, Canara Bank, Vijaya Bank, OBC, UCO were buzzing in the morning session.

Overall volumes in futures & options currently stand at 45.11 lakh contracts with a turnover of Rs. 3,87,111.61 crore.

Overall volumes in futures & options currently stand at 45.11 lakh contracts with a turnover of Rs. 3,87,111.61 crore.

On the way down, immediate support is placed around the level of 10,780, followed by 10,740. Stocks in news: Dena Bank, JSW Steel, Ashoka Buildcon, JBM Auto, The New India Assurance Company, Aarti Industries, Allahabad Bank, Sical Logistics and 5paisa Capital.

Indian shares look set to open flat to negative as the exit polls ahead of the actual counting in Karnataka assembly polls have not given a very decisive picture. If the consensus forecast of all the exit polls are considered, the results appear to be veering towards a hung assembly in Karnataka. 

The Income Tax (IT) department can impose penalty on a taxpayer who resorts to under-reporting or misreporting of income under Section 270A of the IT Act. This section was introduced in the Union budget of 2016.

Insurance companies, of late, have started offering out-patient department (OPD) cover with health insurance policies. TheOPD cover, which comes as an additional feature of the health insurance policy, offers reimbursement of expenses such as ambulance charges, diagnostic tests, prescribed and over-the-counter medicines, preventive health check-ups, etc.

When people want cash on an urgent basis for a short period of time, they usually think of taking a personal loan or a gold loan to tide over the temporary cash crunch. But there is another alternative which is quite popular among business persons, but it has not quite caught the attention of the general public. This is the overdraft facility.

If you are in your early 50s and have not planned for your retirement income yet, it is high time you start your retirement planning seriously. But how does one go about planning for retirement? Here are a few simple steps that will help you to provide adequately post retirement.

Health insurance policies offer tax benefit of Rs 25,000 per year (Rs 50,000 for senior citizens) under Section 80D of the Income Tax Act. To avail this tax benefit, policyholders have to make sure that they do not violate the conditions of tax exemption knowingly or unknowingly.