Retail investors now own a bigger slice of smallcap companies than at the start of 2023-24 (FY24), underscoring their growing conviction about investing in this red-hot space. Data from Capitaline shows mutual funds' (MFs') average holding in the National Stock Exchange Nifty Smallcap 250 rising to 9.26 per cent from 8.67 per cent during the first six months of FY24, with the number of companies with over 20 per cent MF holdings increasing from 24 to 28. In comparison, MF holdings in Nifty50 companies have gone up only marginally, from 9.67 per cent to 9.75 per cent.
Mihir Tanna, Associate Director, S K Patodia & Associates, a chartered accountants firm that offers consultancy, audit and tax services, will answer your queries.
The BJP will enter this election, as it does every election, as if it is fighting to prevent a 2004-style defeat. This is a party that wins big because it always behaves as if its back is to the wall, predicts Mihir S Sharma.
The stock of Godrej Consumer Products Limited (GCPL) fell about 3.7 per cent in trade after its Q3FY24 earnings disappointed brokerages and led to downgrades. Further, the stock, after a 15 per cent run-up over the past month prior to Monday's correction, had already factored in the upside from the business front. Its peer in the consumer space, Marico, too, saw a 4 per cent drop in its stock price.
Netflix has unveiled the teaser for The Archies and it looks like rompy fun.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Ask Tax Gurus Mihir Tanna, Mahesh Padmanabhan and Anil Rego.
'Most young taxpayers prefer income tax filing to be flexible yet straightforward.'
The rising market poses a dilemma for investors on whether to continue buying, reduce equity holding, or exit equities altogether.
Showtime is watchable but never engrossing, notes Sukanya Verma.
India's role as a leader of the global south may require it to give up its ambition to serve as a bridge between the warring halves of the international community, points out Mihir S Sharma.
Imaad Shah's Tuesday's Women, Haoban Paban Kumar's Iron Women of Manipur, Shivam Singh Rajput's Ladakh 470 and Samman Roy's The Exile are among 10 titles to watch out for at the 17th edition of the Film Bazaar.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
rediffGURU Mihir Tanna answers your income tax queries.
The Archies is an evergreen thought passed on from generation to generation. But Sukanya Verma wishes it had some of the comic's tee-hee humour and hyuk hyuk too.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
On Friday, September 9, 2022, Air Chief Marshal Vivek Ram Chaudhari, chief of the air staff, flew a sortie on a Rafale aircraft with his fighter pilot son Squadron Leader Mihir V Chaudhari as part of a training mission at the Air Force Station in Hasimara, West Bengal.
The way video is being watched and monetised is changing. This is the first thing that stands out as the penetration of smart TVs continues to rise.
The mixed narratives emerging from Russia undermine Mr Putin's position and authority even more than the actual facts, observes Mihir S Sharma.
Officials said the Gurjar community's decision to take out a gaurav yatra in honour of King Mihir Bhoj Pratihar had been opposed by the Rajput community.
There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
Patel (20) has been booked under relevant sections of the Motor Vehicle Act and sections 279 (rash driving) and 427 (mischief causing damage to the amount of fifty rupees) of the Indian Penal Code.
'I really feel a series would have done more justice to Riverdale and its teens than a movie.'
'We need to understand and respect wildlife behaviour.'
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Irregular rainfall and a pick-up in commodity costs are expected to weigh on the demand and margins of fast-moving consumer goods (FMCG) companies. Most companies reported a sharp expansion in gross margins in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24), given the lower prices of key raw materials and earlier price hikes. Furthermore, there were expectations that cost savings being passed on could reflect in volume growth going forward. However, these hopes could be dashed if demand recovery, especially in the rural segment, stalls, and gains on the raw material front start to recede.
Missing the deadline for filing Income Tax returns can lead to consequences.
This case is the largest investigated by the Pandemic Response Accountability Committee Fraud Task Force to date, US Attorney for the Northern District of Texas Leigha Simonton said in a press release.
Indian policymakers are almost alone, alongside the United States, in seeking a hard and multi-sectoral global decoupling from China in the expectation that it will boost their economies, observes Mihir S Sharma.
'But hey, even lone wolves howl at the moon every now and then, right?'
The tributes to Fr Stan by his associates and his co-accused (which were read out) provided a clue to why his death continues to touch so many.
The two AAP leaders later filed a revision application in the sessions court challenging the metropolitan court's summons in the defamation case.
'I got a very simple one-line brief from Ekta Kapoor that this character is like the Ramayan's Ram -- ideal husband, son and maryada purushottam.'
Following a strong performance in the 2022-23 January-March quarter, publicly listed paint industry giants displayed a mixed performance in the 2023-24 (FY24) April-June quarter. While Berger Paints India outperformed its peers and reported results in line with expectations, market leader Asian Paints and Kansai Nerolac Paints fell slightly short of expectations.
The jailed gangster had on Thursday moved the court against the web series, saying that the 'use or misuse of the attributes of his personality' without his prior consent amounted to infringement of his 'personality rights' as well as defamation.
Esports to breakdancing, Hangzhou will set the trend for future of sport
Its success script: Investing more in local content ecosystem; growing its partnership footprint.
'Advertising this season will help IPL surpass $550 million in ad revenues, across digital and pay TV.' 'It should still represent a steep loss against annualised 2023-2027 IPL rights fees of $1.2 billion.'
Hunter Tootega Nahi, Todega is bizarre, unintentionally funny, discovers Deepa Gahlot.
India's schedule on Day 4 of the Asian Games on Wednesday, September 27.
