Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax (GST) rate of 18 per cent currently applied on health insurance products to 5 per cent to make such products more affordable to common people. Finance Minister Nirmala Sitharaman will present the Union Budget for 2022-23 on February 1.
CPI inflation slowed to 9.39% in April compared with 10.39% in March.
More and more PE players are willing to test the waters now, just in case they become early entrants in a future booming business.
'Aquaponics can effectively cushion the impact of a calamity like COVID.'
Commercial papers, certificates of deposit also dry up
Initially, hair care products such as Vatika hair oil and shampoos, Meswak toothpaste, Chyawanprash and honey would be made available.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
While sale of stake in airport business and adjacent land will help lower debt, improvement in power business is crucial.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
On Wednesday, FIIs sold shares worth Rs 1,573 crore.
Indian investments in equity and debt account for the second-highest remittances outgo (about a quarter).
Sensex is now as expensive as in early 2008
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Besides Budget, markets will be driven by global events and the outcome of assembly elections.
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Aditya Birla Retail set up seven years earlier, posted a 20% growth in sales over a year earlier for 2013-14.
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Vistara and AirAsia India have been lobbying for the relaxation of this rule.
Strong passenger growth will help domestic airlines improve their top line and margins.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Though the developments are positive, analysts say the benefits will accrue only in the long run
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
The average estimate of 12 brokerage houses stands at Rs 6,994 crore for the June 2020 quarter. This is 30.8 per cent lower than the June 2019 quarter net profit of Rs 10,104 crore.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
As wholesalers largely failed to meet GST norms, companies were in a fix. According to industry veterans like Sunil Duggal, chief executive of Dabur, the hazard led many to look beyond third-party distribution and take the leap to cover unattended markets directly.
While the stocks met various other inclusion parameters, there were fears they may still get disqualified given the sharp run up in their stock prices.
People flock to electronics shops to buy air conditioners.
In the state of the economy report, the RBI said bond vigilantes could undermine the recovery, unsettle financial markets, and trigger capital outflows from emerging markets.
Among these, Hindalco and Vedanta from the metal pack have become multi-baggers, gaining 100 per cent in 2016
Given the broken balance sheet and the limited fiscal room, the government has to kick off investment: Vikas Khemani & Stephen Gallagher.
Mumbai developers are battling high inventory.
With two top exits and uncertainty on growth strategy, Jubilant is likely to remain under pressure
With the latest approvals, there are now 16 registered investment advisers in the country, according to the list published by Securities and Exchange Board of India.
Byju's is raising about Rs 2,200 crore ($300 million) as part of a larger round of new investment as the world's most valuable edtech company focuses on expanding its business in global markets and explores to do more acquisitions. According to industry sources, the new funding may value Bengaluru-based Byju's at $18 billion, up from a valuation of $16.5 billion in June this year. In June, Byju's became India's most valuable unicorn with a valuation of $16.5 billion, surpassing fintech company Paytm's $16 billion valuation.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
