Paramilitary Central Industrial Security Force personnel have been guarding banks and other vital centres in Port-au-Prince, the capital of Haiti, to prevent looting besides providing security to Indians in the aftermath of the devastating earthquake.
In the face of tax blow, brokerages remain sanguine about the prospects of asset management companies (AMCs). A sharp correction in the shares of AMCs over the past three months factors in most of the negatives and turned valuations attractive, observe analysts. In its latest report, Kotak Institutional Equities (KIE) has upgraded HDFC AMC to 'add' (from 'reduce') and reprised 'add' and 'buy' ratings on the rest of the listed AMCs - Nippon, UTI, and Aditya Birla Sun Life.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
'Negotiate a longer agreement with the escalation clause fixed now.' 'This will enable you to control future cost increases.'
'He is exposing the failings of the BJP, which is rankling the party.'
In a world where age and form seem to be at odds with each other, these IPL veterans defied expectations wrote their own narratives and left us all marveling at their incredible staying power.
The agency also alleged that Deshmukh exercised undue influence to pass favourable transfers and postings of the police officials.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The most important step is delivering what is needed -- a fairer IPO pricing, notes Debashis Basu.
Institutional investments in real estate may fall 20 per cent to $4 billion during this calendar year because of a higher inflow of funds in 2020, according to property consultant JLL India. During the January-September period, the institutional investment rose to $2,977 million from $1,534 million in the year-ago period. "Unless some large portfolio deals are not inked at the end of the year, annual investments are expected to be in the $3.8-4 billion range in 2021," JLL said in a statement. Institutional investments managed to cross the $5 billion mark in 2020 due to large portfolio deals worth $3.2 billion during the last quarter of the year.
Against a requirement of 30,000 hotel rooms, only about 11,000 hotel rooms in star category are available in the Capital to host the players and officials among others during the 2010 Games. However, the urban development ministry, the nodal ministry for facilitating Games-related infrastructure, is hopeful of meeting the target.
The Supreme Court judgement will hopefully ensure that those in power and authority will hesitate before allotting precious natural resources that belong to each and every citizen of the country in an arbitrary and corrupt manner, says Paranjoy Guha Thakurta.
'Investors should hold equity assets for 3 to 5 years.'
'Our Left is squeamish about democracy. They are so mechanical they have only dogma.'
A family man, a confident investor, someone who was sure two decades ago that India and its stock market were going to boom. T N Ninan recalls his chats with Rakesh Jhunjhunwala.
You also avoid capital gains tax during redemption in case the gold price is higher, making them tax efficient.
US bank Citigroup on Wednesday announced the sale of its Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans, to private lender Axis Bank for Rs 12,325 crore, as part of its plans to exit retail operations in 13 markets.
Mukesh Ambani has resigned from the board of his group's telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire. In a stock exchange filing, Reliance Jio Infocomm said the company's board at a meeting on June 27, "approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company." This comes after his father resigned with effect from close of working hours on June 27, it said.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
There has been a significant increase of 50 per cent in global wealth between 1990 and 2010, but it rose by only an "anaemic" 6 per cent during this period if measured in terms of sustainable development.
Prime Minister Narendra Modi on Thursday said his government is using all channels including diplomatic to bring back high-profile economic offenders, leaving them with no option but to return to the country. Speaking at a symposium on credit flow and economic growth, he asked banks to support wealth and job creators with proactive lending while promising to stand by any loans given in right earnest. "In our attempt to bring back fugitive (economic offenders), we relied on policies and law and also used diplomatic channels.
With 56,000 dollar-millionaire households, Maharashtra leads the country in wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a report. These states together account for 46 per cent of the 4.12-lakh millionaire households in the country. According to a wealth report by Hurun India, known for its annual rich list, there were 4.12 lakh dollar-millionaire households last year in the country, which has been one of the fastest wealth-creating economies producing the third-most number of billionaires annually.
The Budget kept away from mood dampeners such as an increase in taxes (capital gain taxes) and even the much-feared introduction of Covid cess and wealth taxes, says Nimesh Kampani, chairman, JM Financial.
P-notes are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- stood at Rs 90,580 crore at April-end, compared to Rs 87,979 crore in March.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
Invest in quality companies that make profits, advises stock market expert and rediffGURU Samraat Jadhav.
Rebalance the portfolio at least once a year to ensure it remains in sync with the target asset allocation.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
As his statement made during an event on Friday evening kicked up a row with political parties objecting to it, the Governor on Saturday said his comments were 'misconstrued', and also made it clear that he had 'no intention of belittling the hard work of the Marathi-speaking people in the progress and development of Maharashtra'.
Lump sum investments in equity and hybrid schemes of mutual funds (MFs) declined to Rs 17,900 crore in October - the lowest since January 2021. The fall in lump sum investments comes even as flows through systematic investment plans (SIPs) rose to a new all-time high of Rs 13,000 crore in October. The latest lump sum tally is just a third of the peak inflow of Rs 49,700 crore in July 2021.
A key trigger for the increased retail participation in equities has been the lockdown triggered by Covid-19 that saw investors channelising their savings to capital markets in search of better return on their investments and the need to increase their disposable income.
Others in the top 10 include Uday Kotak at the 6th place with a wealth of Rs 94,100 crore, Cyrus S Poonawalla at 7th position with Rs 88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of Rs 76,800 crore, Shapoor Pallonji at 9th position with a net worth of Rs 76,800 crore and Dilip Shanghvi at 10th slot with Rs 71,500-crore wealth.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
'To set up a successful business, one must have a solution to an existing problem or a better way of addressing the current solution.'
'How can you explain the necessity of selling an institution that has been delivering regular returns to the government, that has never asked for any capital from the government, that has invested Rs 38 lakh crores in the Indian economy and that owns 4 per cent of the market capitalisation in India?'
Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.
So far the government has been silent on the charges being levelled, even after the stock price rout. Perhaps it is hoping for the share price to settle so that the matter goes away, predicts Aakar Patel.
Here's how beginners can follow a very practical approach for finding stocks for long term investing and building a decent portfolio.
