Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
With raw material prices rising sequentially in Q4 FY23, margins of fast moving electrical goods (FMEG) companies could witness pressure as they refrain from hiking prices and demand remains soft. Transition to a new regulatory regime-fans moved to new BEE standards from January 1-poses additional risk for firms. Business depends on volume trends in summer for key sub-segments, which account for a significant chunk of the sector's overall sales pie.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Reliance Power (RPower) has defaulted on payment of interest worth Rs 1.17 crore to DBS Bank India and Rs 44 lakh to IDBI Bank. It failed to pay up interest on October 30, 2021. The firm, part of the Anil Ambani-promoted Reliance group, in filing with BSE, said it has term loans and working capital arrangements with three lenders - YES Bank, IDBI Bank and DBS. Its stock closed 1.41 per cent lower at Rs 12.6 per share on the BSE on December 1. About exposure of YES Bank, there is a 'standstill' applicable till December 26, 2021.
The Indian financial services space seems to be in a sweet spot as foreign investors have made a net investment of Rs 14,205 crore ($2.1 billion) in the sector in November amid strong credit growth and manageable non-performing loan portfolio. The investment comes following a net withdrawal of Rs 4,686 crore from financial services stocks in October on account of profit booking. Overall, foreign portfolio investors (FPIs) have made a net investment of Rs 36,238 crore in the country's equity markets in November.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Corruption is rampant in every office in the state from the villages right up to Gandhinagar. I have witnessed all these issues first hand... Before Narendra Modi became chief minister Gujarat had a debt of Rs 25,000 crore to Rs 30,000 crore. Today it is Rs 180,000 crore. There has been six-fold jump in public debt in Gujarat in the last ten years... Every child born in Gujarat owes a debt of Rs 30,000 today. How can you call this development? Look at how high taxes are in Gujarat. Look at the condition of our public health system. There are not enough doctors or nursing staff in government hospitals; not enough teachers in schools and colleges.' Three-time BJP MLA Dr Kanubhai Kalsaria rips apart Narendra Modi's policies.
'While the Budget would be growth-friendly, it would not come at the expense of an increase in the fiscal deficit.'
Customers need to weigh whether they will be better off selling their mutual fund holdings or taking a loan against it.
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.
'One of the biggest employment generators, the MSMEs, have not got much from the government.'
Fans crowded into plazas to watch the game on giant screens, cheering when Messi scored the opening goal -- a penalty -- but groaning and slowly going silent as Saudi Arabia pulled two quick goals back in the second half.
Delhi Capitals skipper Rishabh Pant said bowler Avesh Khan is the find of this year's Indian Premier League (IPL) for the team.
'You can still hear gunshots, and this time even children know they are not normal.'
'They were certainly not practising Hinduism in the Harappan culture (which includes Mohenjo Daro and other sites).' 'There was no notion of Hinduism then.'
By changing the nation's name from India to Bharat, would this landmass overnight lose the emotional and cultural linkage that had been built over generations, centuries and millennia, asks N Sathiya Moorthy.
The Supreme Court on Thursday agreed to list for hearing a PIL filed by former Rajya Sabha lawmaker Subramanian Swamy seeking a direction to the Centre to declare the Ram Setu as a national heritage monument.
Ethiopian Olympic gold medallist and national hero Haile Gebreselassie pledged on Wednesday to join the fight against rebellious forces in his country, after the prime minister said he had gone to direct the war from the front lines.
'It is not right for batters to steal two or three metres and then bowlers marginally overstepping and getting a free hit. I know people want to see sixes and fours but also if you are a real cricket lover, you want to see competition between bat and ball and not just one-sided games.'
India have not won a World Cup since the 2011 title triumph by the Mahendra Singh Dhoni-led side in the 50-over global showpiece.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Protesting wrestlers, including Vinesh Phogat, Sakshi Malik and Bajrang Punia, were detained by Delhi Police on Sunday after they breached the security cordon while trying to move towards the new Parliament building, where a women's Mahapanchayat was planned for the day.
Invest in quality companies that make profits, advises stock market expert and rediffGURU Samraat Jadhav.
Turkish-origin people living in India are trying to stay calm despite knowing that their home country would take several years to overcome the devastation.
The country has the opportunity of creating new business models, products and services for the poor not just at home, but for countries in Africa and Latin America.
While the collapse of a large financial intermediary can wreak havoc on the system because of the interconnectivity, a large business conglomerate too can play spoilsport if the banks have too much exposure to the entity, explains Tamal Bandyopadhyay.
Ahead of the WTC Final next month, former Australian skipper Ricky Ponting opened up on India and Australia's chances for the big game.
Batting great Matthew Hayden is ready to help Australia solve their batting woes in the ongoing four-Test series if asked.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
'Today, we have 150,000 orders a month. And a monthly sale of Rs 1 crore.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Strange souls see a research report on an Indian conglomerate as part of a vast conspiracy to Keep India Down. There is only one possible response to this: Grow up. Nobody in the West cares enough about India or Adani to put all the effort into creating a giant conspiracy that links together BBC documentaries and short-sellers, points out Mihir S Sharma.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
'MFs acted as reckless lenders and not as prudent investors.' 'Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu.
Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'
Sixteen merchant banks are in the fray to act as book running lead managers (BRLM) for the initial public offering of Life Insurance Corporation of India (LIC). These merchant banks will have to make a presentation before the Department of Investment and Public Asset Management (DIPAM) on August 24-25. The shortlisted banks are BNP Paribas, Citigroup Global Markets India, BofA Securities, Goldman Sachs (India) Securities, HSBC Securities and Capital Markets(India), J.P. Morgan India, Nomura Financial Advisory and Securities (India), Axis Capital, DAM Capital Advisors, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Kotak Mahindra Capital, SBI Capital Market, and Yes Securities India.
'A slum free Mumbai cannot happen with Dharavi at the centre of the city.'
The IPL franchises are now expanding their bouquet of teams across leagues in the West Indies, UAE, South Africa and now the US is another untapped market that wasn't explored despite the Asian diaspora craving for some cricket.
'Working in collaboration is beneficial and more rewarding in the long run.' 'Competition may bring personal glory, but is very short lasting.' 'Work with people who are interested in working with you instead of competing with you.'
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