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Mumbai: The market has been highly volatile of late, but next month is expected to bring some cheer for investors as August is likely to witness an IPO rush with more than a dozen companies, including Zepto, Truhome Finance and logistics platform Shiprocket, gearing up to launch their initial share sale. The upcoming issues, expected to collectively raise over Rs 25,000 crore, include a mix of fresh equity issuances and offer-for-sale (OFS) components, merchant bankers said. "With markets stabilising and investor sentiment improving, companies that were waiting on the sidelines are now moving ahead with their IPO plans," said Bhavesh…

Mumbai: Benchmark indices Sensex and Nifty snapped a five-day losing streak as international crude oil prices fell more than 8.5 per cent to around USD 82 a barrel. The 30-share BSE Sensex closed 776.01 points or 1.02 per cent higher at 76,835.78. During the day, the benchmark hit a high of 76,901.51 and a low of 76,517.85, gyrating 383.66 points. The 50-share NSE Nifty was up by 228.50 points or 0.96 per cent and ended the session at 23,995.95. The broader market too ended the session in the green. While the BSE MidCap Select Index gained 298.40 points or 1.65…

New Delhi: The Income Tax Department announced on Monday that more than 40 crore income tax returns (ITRs) have been filed so far for the financial year 2025-26. The deadline for filing ITRs for the financial year 2025-26 (AY 2026-27) is July 31, 2026. The Income Tax Department of the Finance Ministry has appealed to taxpayers not to wait for the deadline to file their income tax returns and to file them as soon as possible. 1.7 crore ITRs filed till July 10 The Income Tax Department stated in a social media post on July 11 that 1.7 crore ITRs…

Mumbai: Shares of diversified fast-moving consumer goods (FMCG) enterprise Elitecon International witnessed a trend reversal on Monday and gained after five days of consecutive falls as market benchmark indices Sensex and Nifty rebounded following a sharp decline in crude oil prices amid easing tensions in West Asia. The 30-share BSE Sensex jumped 566 points to 76,608.66, and the 50-share NSE Nifty surged 153.60 points to 23,923.30. The action in the stock also comes as the company has announced the appointment of executive additional directors to lead operational revival. According to the information shared, the decisions were approved at the board…