Capital gains exemption benefits are available under Section 54 and 54F of the Income Tax Act. Individuals, however, need to be aware of the conditions attached to these provisions, suggests Archit Gupta, founder and CEO, ClearTax.
LIC, ICICI Bank, PNB to have nominees on board; firm asked to sell non-core assets.
The NSE Nifty ended at 4,694, up 14 points. The foreign institutional investors have so far pumped in Rs 36,646 crore (Rs 366.46 billion) this year. In July alone they bought shares worth Rs 11,066 crore at the net level.
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
Based on internal evaluation and legal opinion, the management was of the opinion that the company has the ability to ultimately recover the aforesaid ICDs
DGCA has told the airline that only "air worthy" aircraft, which are completely fit for flying, should be used in operations.
'Loan approvals have increased at a much higher pace. And this growth has been driven by retail, not project finance,' says R R Nair, director and chief executive, LIC Housing Finance.
Traders are waiting for the earnings season to kick off.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
Heed your liquidity needs before investing in an FMP.
Finance Minister Arun Jaitley on Sunday asserted that India's "real economy" will dictate both the currency valuation and the market.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
'Long-term retail investors should not worry about these sharp dips and jumps if they have chosen their stocks wisely.' 'Short-term volatility is a given and a rise and fall of two-three per cent should not worry them.'
Sixty-eight paintings that once belonged to fugitive diamond merchant Nirav Modi will go under the hammer next week.
The Bankruptcy Bill seeks to ensure predictability of outcome for creditors.
Reducing policy rates is not enough. The key is to ensure banks lend to credit-constrained borrowers.
Governor Raghuram Rajan's move to cut the MSF rate, at which banks borrow if they exceed their repo borrowing limits, by 0.50 per cent to 9 per cent should not be construed as a reversal in his policy stance and is more of a normalising measure, Citi said in a note.
Spectacular returns by the recent initial public offerings on listing day are prompting a growing number of retail investors and even high net worth investors to borrow funds at a costly 16 to 17 per cent (for two or three weeks) to bid for IPO shares.
'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.
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The worst performing Asian currency of the year so far hit a new life low of 61.80 rupees per dollar on Tuesday, breezing past a previous low of 61.21 hit on July 8. Central bank intervention helped the rupee recover, but by Wednesday it was sliding once again, to stand around 61.41 by 1.30 p.m.
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Snapping a two-day fall, the rupee opened strong at 59.49 a dollar from the previous close of 59.76 at the Interbank Foreign Exchange Market and then touched a low of 59.59.
Mahavir Chopra compares mutual funds and Ulips to help investors decide.
Even though IVR Prime appears way too expensive going by the price-earnings multiple, it is reasonably priced for its net asset value.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
Consolidated net profit rose to Rs 3,465 crore in its fiscal third quarter to December 31.
India Ratings principal economist Sunil Kumar Sinha said the Brexit is a mixed bag for the country.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
Get Ahead reader Ravindra G from Bengalooru tells why he chose a term insurance policy instead of a money back/endowment policy and unit linked insurance policy. What's more he is happy with the life cover he has now bought for himself.
One of the reasons is that the retail prices are not bench-marked to crude but their respective international benchmark prices.
Retirees have better options that offer liquidity, better returns and are more tax-efficient.
While RBI's foreign exchange reserves have swelled to over $400 billion, it has a 'sell' position of $981 billion.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
The central bank's move will infuse Rs 20,000 crore (Rs 200 billion) into the markets.
The reason for the stickiness in bond yields can be many, but the most responsible is the liquidity deficit stance taken by RBI, says Anup Roy.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
Significant investors in government bonds FIIs have been net sellers since May 22.
Reliance Mutual Fund topped the AUM chart with its AUM in excess of Rs 660 billion, while ICICI Prudential Mutual Fund came second with an AUM of Rs 487 billion.
Results of some blue-chip companies exceeded expectations, providing additional thrust, traders said.
Malcolm Wood, Asia Pacific Equity Strategist at Morgan Stanley is not too positive on the financial sector in India.
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