'Investors should look to incrementally allocate towards equity from a medium-to-long term horizon.'
Air Sahara on Tuesday announced it had launched 16 new flights last week and was planning more with the induction of two additional 50-seater aircraft and two Boeings in the next few weeks.\n\n
Though the run-up to the poll saw a high pitched campaign by the parties, the turnout of the voters on December 1 was an unimpressive 46.55 per cent (34.50 lakh) out of the total 74.67 lakh voters.
Retail investors now own a bigger slice of small-cap companies than a couple of years earlier, attributable to their growing conviction in mutual fund (MF) schemes focused on this space. Data from Capitaline shows MFs' average holding in the National Stock Exchange Nifty Smallcap 250 rising to 8.67 per cent, from 7.67 per cent in the past two financial years, with the number of companies with over 20 per cent MF holdings, rising from 15 to 24. At the end of May, the top five small-cap firms with the highest MF holdings were Carborundum Universal, Blue Star, Cyient, Gujarat State Petronet, and Cholamandalam Finance.
Congress president Sonia Gandhi also decided to convene a 'Chintan Shivir', a brainstorming session from May 13-15 in Udaipur.
The banking sector emerged as an outlier when the rest of India Inc witnessed a slowdown in earnings in FY23. The combined net profit of listed public and private sector banks was up 39.4 per cent year-on-year (YoY) last financial year and their share in India's gross value added (GVA) or gross domestic product (GDP) at factor cost rose to a record high of nearly 1 per cent up, from 0.8 per cent a year ago. Listed banks' combined net profit grew to Rs 2.36 trillion in FY23, from Rs 1.69 trillion a year ago. In comparison, India GVA at current prices was up 15.2 per cent YoY at Rs 247 trillion in FY23; it was around Rs 214 trillion a year ago.
'Rafi was singing for Hanuman and I was singing for Ravan.' 'C Ramachandra corrected Rafisaab and he became red in the face.' 'I asked Anna (Ramachandra), "How could you do this?"' 'He replied, "How could I not do this? My song was being spoilt".'
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
'Small cap funds do have their own merits and they make sense when the investor has a longer investment horizon.'
The Indian junior men's team beat Pakistan in a thriller in the final of the Men's Junior Asia Cup 2023.
'Chasing sectors which have reported strongest earnings is not always the right strategy for outperformance.'
At places in the border districts of Barmer and Jaisalmer, people walked miles through the desert to cast their votes.
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Do you know Ashaji crooned a seductive night club song, Zooby Zooby Je L'aime Vous for An Evening In Paris?
In a shocking incident, a 20-year-old woman died after her scooty was hit by a car and her body was dragged for around four kilometres in outer Delhi's Sultanpuri on Sunday, police said.
Since infrastructure projects have long gestation periods, investors need to enter them with a long horizon of at least 10 years.
With more and more companies preferring to hire employees on project basis, a report has revealed that there is likely to be 90-110 lakh additions to the gig workforce by 2025, a report said on Wednesday. The gig economy has been one of the most pivotal economic shifts in a long time and people are choosing gig jobs because it works with their lifestyle, they can choose when and how much they work, or it allows them to earn money between jobs, global job site Indeed said in the report. According to the report, companies have also started investing in gig work platforms and processes, which indicates how integral they are to the future of jobs growth in India.
Muhammed Muhsin (posthumous) of Kerala has been named for the Sarvottam Jeevan Raksha Padak 2020.
A vast majority of the business leaders believe that the Production Linked Incentive (PLI) schemes have been beneficial and expect an extension to other sectors in the coming years, a Deloitte Survey said on Friday. An overwhelming number of survey respondents hope the budget will fuel growth across industries by building strong domestic demand and focussing on capital expenditure and believe that it would define the 'Amrit Kaal'. "Critical to this growth will be the pace of capital expenditure, infrastructure development, and the need to boost infrastructure financing through private partnership. 60 per cent of respondents suggested raising funds through Indian Government Bonds," the survey said.
Legendary Bengali semi-classical singer Sandhya Mukherjee, who had worked with leading music directors such as S D Burman, Naushad and Salil Chaudhury died on Tuesday evening following a massive cardiac arrest, leaving behind millions of mourning fans of all ages across borders.
Now that bank FD rates have gone up and most BAFs haven't delivered good returns, these investors are likely to be moving back to FDs, observed a senior MF distributor. The performance of BAFs in the past year has been mixed.
Many investors want to exit equities now and re-enter when they begin to rise. Such timing is difficult to pull off.
Salaried persons whose liability is fully deducted as tax deducted at source by their employer need not worry about advance tax payments, unless they have other sources of taxable income.
'No other actor in India was as lucky as me,' Soumitra Chatterjee tells Indrani Roy/ Rediff.com
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
This sort of property is better suited for an investor rather than an end user.
As many as 74,44,260 voters would exercise their franchise using ballot papers to elect their representatives in the 150-ward Greater Hyderabad Municipal Corporation, according to official data.
Indian start-ups breathed a sigh of relief after the UK government facilitated the acquisition of the now-defunct Silicon Valley Bank's (SVB's) British arm by HSBC. In a bid to allay fears, the US Federal Deposit Insurance Corporation (FIDC) announced recently that it had transferred all deposits of start-up-focused SVB to a newly created bridge bank and all depositors would have access to their money. President Joe Biden also sought to reassure jittery depositors that they can have confidence that the US banking system is "safe".
'The reason being we cannot let premiums go beyond a certain point.'
Overestimation of AI can lead to an excessive level of trust and the spread of disinformation. ChatGPT's replies are riddled with factual errors, hidden in eloquent, grammatically correct sentences. This leads to a hallucination of truth, explains Kumar Abishek.
Before opting for this scheme, consider how EPS is calculated.
India's chances after this defeat will be badly dented as even a big win against Indonesia in the last game might not be enough for qualification to
Significant controls and exemptions to the government under the proposed Digital Personal Data Protection bill 2022 are likely to make it harder for companies to invest in data centres and data processing activities in India, according to global technology industry body ITI. The ministry of electronics and IT has floated draft Digital Personal Data Protection (DPDP) Bill 2022 and has invited comments on the same till January 2. "The Bill grants significant controls to the executive arm of GOI (Government of India) and delegates much of the detailed rulemaking authority to separate, as yet undefined processes.
India's climate change goals are turning combustible. On the one hand, a protracted dispute between the government and manufacturers over subsidies threatens to slow the pace of electric vehicle (EV) sales. On the other hand, repeated assertions by different arms of the government over banning sales of new fossil fuel-fired vehicles have queered the pitch for energy investments. Before we address the issue of the recommended diesel vehicle ban in the recent report on energy transition, issued months before the next round of global climate talks begin in Dubai in November, let's look at what's at stake.
Most impact among them is perhaps Nidhi, Nikki's sister who was very attached to her.
Over longer periods of three, five and 10 years, small-cap funds have rewarded their investors handsomely.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The rupee depreciated 44 paise and slipped below the 81-mark against the US dollar for the first time in early trade on Friday, weighed down by the strong american currency and risk-off sentiment among investors. Forex traders said escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite. Further, the strength of the American currency in the overseas market, a negative trend in domestic equities, and risk-off moods amid escalation of geopolitical risk in Ukraine weighed on the local unit.
Recently, Slice, a payment app, acquired a 5 per cent stake in North East Small Finance (NESF) for $3.42 million - the first such deal by a fintech in a small finance bank. Slice (valued at $1.5 billion, and backed by Tiger Global, Blume Ventures and Axis Bank) will technically get a toehold in a scheduled commercial bank if NESF were to get a licence to morph into one down the line Such a transition is well within the banking regulator's declared framework. The transaction has to be seen in a larger context.
As per preliminary information, constable Reetesh Ranjan fired at his colleagues with his service weapon, an AK-47 rifle, the official said.