'My mission is to bring the world together by the game of basketball.'
To chart the Congress's future course, its chief Sonia Gandhi on Tuesday formed three groups -- on political affairs for guidance on key issues, task force-2024 to implement the Udaipur 'Nav Sankalp' declaration, and another to coordinate the October 2 'harat Jodo Yatra.
Encouraging results for the fourth quarter of the 2022-23 financial year (Q4FY23) have led to a big surge in the share price of DLF. The realty major closed FY23 with Rs 15,000 crore (up 107 per cent year-on-year or YoY) of pre-sales, leading to cash generation of Rs 2,500 crore (up 14 per cent YoY) and reduced net debt by Rs 1,960 crore YoY. The launch of The Arbour project in Q4FY23 alone drove sales of Rs 8,000 crore in the quarter.
Dwaipayan Bose on how index funds play a key role in the diversification of portfolios and help manage risks
Investors who decide to enter medium to long-duration funds should be cognisant of the risk.
The MPs representing various political parties offered heartfelt tributes to the building that has been the epicentre of India's democratic journey.
Embracing the habit of SIPs can pave the way for a financially secure and prosperous future, points out Misbah Baxamusa.
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
The bold decisions are part of the Congress 'Nav Sankalp' declaration that was adopted at the end of the three-day 'Chintan Shivir in Udaipur, indicating that the party has chosen to put its weight behind the young leadership after a prolonged old-versus-new tussle.
The Congress president also announced that a compact task force will be set up to drive the process of internal reforms that are essential.
The Reserve Bank of India's (RBI's) decision on Wednesday to relax restrictions on banks operating in the International Financial Services Centre (IFSC) related to the repatriation of idle funds in foreign currency accounts (FCA) could give a fillip to trading in foreign stocks at the GIFT City.
'I faced difficulties, but today when I look back, it all looks mazedar (fun).'
Experts believe the new norms may be an indirect way for Sebi to apply the brakes on dividend option plans in MFs.
Speaking at the concluding day of the three-day brainstorming session, Chintan Shivir, in Udaipur, Sonia Gandhi said, "We will launch a national Kanyakumari to Kashmir Bharat Jodo Yatra beginning on Gandhi Jayanti this year. All of us will participate in it."
The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance. Besides, the RBI has also imposed penalties on four co-operative banks. A penalty of Rs 1.05 crore has been imposed on Kotak Mahindra Bank for contravention of certain norms related to 'The Depositor Education and Awareness Fund Scheme, 2014' and for non-compliance with the directions on 'Customer Protection - Limiting Liability of Customers in Unauthorised Electronic Banking Transactions', and 'Loans and Advances - Statutory and Other Restrictions', the banking regulator said.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
High dividend yield stocks usually perform well in a rising interest rate environment when investors value cash flows more.
He's not a cakes-and-candles kind of person, the legendary superstar confesses to Subhash K Jha.
A growth scheme not only leads to lower tax payments than the dividend option. but also allows any income that is not withdrawn to compound, explains Harsh Roongta.
The SSLV is designed to be affordable and amenable to industry production and aimed to function as a launch-on-demand platform for mini, micro or nano satellites.
The Securities and Exchange Board of India (Sebi) has just released a proposal to alter the regulations pertaining to the sponsor system for mutual funds. One of the reasons for the proposed changes is that there are two conflicting regulations that need to be clarified. The other reason is that the sponsor system may itself be outdated as it stands, and the proposed changes would allow new entities such as private equity funds and portfolio management services to enter this space.
Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA), citing implementation challenges. Sources said FPIs, through their custodians, were planning to approach the ministry, highlighting key concerns and seeking more clarification. The ministry, through a notification on March 7, lowered the threshold for reporting ultimate beneficial ownership (UBO) for non-profit organisations and politically exposed persons to 10 per cent from 25 per cent.
Due to default in payment, the securities of FICL and NDIL will be valued at zero basis AMFI standard hair cut matrix, and interest accrued and due will be fully provided.
Experts say the impact on the schemes' NAVs may vary in the coming days, depending upon how fund houses treat the developments on VIL and whether there are any further rating downgrades or credit events.
Gandhi also hailed as 'an important idea' the party's decisions to give more representation to the youth and empower them, and added that there should be a 'healthy mix of youngsters and seniors'.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Sources said SBI Funds Management will distribute the proceeds to unitholders following liquidation of some securities held under the scheme.
Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 15,272 crore from maturities, coupons and pre-payments since closing down in April 2020. The fund house had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market.
In her inaugural address at the party's 'Chintan Shivir' in Udaipur, she urged delegates to deliberate with an open mind and send out a clear message of strong organisation and unity.
Senior party leaders stressed that no one except the Gandhi family can hold the party together, the party will disintegrate and Priyanka Gandhi Vadra should be given command after 2024.
TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
The party, the sources said, has also approved 50 per cent representation to SCs, STs, OBCs and minorities at all levels of the organisation, as part of its social engineering efforts to win the confidence of the weaker and oppressed sections of society.
Alleging a "pattern" of triggering communal riots and winning elections, Raut said this will break the country into pieces.
Investors should keep updating their personal and bank details with fund houses. They should also opt for the auto-pay facility so that the dividend proceeds get credited into their account directly, advises Bindisha Sarang.
Senior Congress leaders Venugopal, Ajay Maken and Ashok Gehlot had on Wednesday took stock of the preparations for the Chintan Shivir.
Compared to equity funds, debt funds are lower risk profile and are usually suitable for investors for very short term.
Are guaranteed products good, bad or ugly? Any of these could be a fitting opinion depending on the person under consideration. However, several factors need to be well-thought out before pronouncing a judgment on these products.
Don't get lured by the concept of highest NAV guaranteed. Here are a few questions you must ask to seek the truth behind such schemes.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Gandhi said around 400 Congress members will be attending the Chintan Shivir in Udaipur from May 13 to 15 and stressed on the message of every leader holding one party post.
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