Piramal Enterprises (PEL) on Wednesday said it has completed the acquisition of Dewan Housing Finance (DHFL) by paying Rs 34,250 crore to creditors of the housing finance company. The company said the creditors of DHFL, including fixed deposit (FD) holders, would recover an aggregate amount of Rs 38,000 crore from the resolution process of DHFL. The amount comprises approximately Rs 34,250 crore to be paid by Piramal Capital and Housing Finance Ltd (PCHFL) as a combination of cash and NCDs, and an amount of approximately Rs 3,800 crore which is the entitlement of creditors as per the resolution plan from the cash balance available with DHFL, the company said.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
There are in fact four easy ways to earn interest on fixed deposits and keep it too.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Largely, new demat accounts are now being opened by the younger crowd, particularly GenZ.' 'This is great news since younger investors start their journey with very little capital, so they are risking less.'
These funds carry low risk and should be able to beat the returns from fixed deposits.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Rakesh Kaul, CDO, Edelweiss General Insurance, answers your health insurance queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Do we not understand that risk and return go hand-in-hand, or do we, in our rush to get rich, simply choose to ignore risk, wonders Ramabhadran S Thirumalai.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Traditionally FDs have been plain vanilla products but nowadays amid cut-throat competition, banks have modified these keeping in line with customers' requirements.
IDBI has increased the interest rate on Non-Resident External and Foreign Currency Non-Resident fixed deposit for various maturities with effect from November 1, 2005.
MMFs are a good option for the current environment, observes Sarbajeet K Sen.
BNBs are bonds issued by NABARD. They are basically zero coupon bonds, meaning you don't get any interest on them.
For instance, in early December, SBI was offering 10.5 per cent on a 1,000-day FD. This was lowered to 10 per cent in mid-December. A fortnight later, in January, the bank is offering only 9 per cent for the same tenure. For investors, who missed the bus in October and November, this is certainly bad news. However, all isn't lost. There are some segments still where the rates on offer still look interesting.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
In a shocking incident, Mumbai's Aarey Colony has lost one of its most beloved residents -- Chandni, a six-year-old female leopard, who was found dead on Saturday afternoon with a wire snare setup by poachers.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The next revision will make the rates similar to those of bank FDs.
'The fiscal pressure will be there, but the intent of the government behind this move is to spur demand and growth.'
"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to transfer Rs 3.6 or 1 lakh crore, as speculated," Economic Affairs Secretary Subhash Chandra Garg tweeted.
Investing in multiple tools such as mutual funds and pension funds will help mitigate risks.
Transcript of the market chat held on january 24.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
Chief Economic Advisor Krishnamurthy Subramanian said China imports a lot of components, parts, assembles and integrates and then exports them.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Many of them are housewives looking to increase income in households struggling with the economic devastation caused by COVID-19.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
