Several depositors were duped in the Rs 460.91-crore alleged fraud engineered by Shivraj Puri, a Global Wealth Manager of the bank working at its branch in Gurgaon.
Former CEA Arvind Subramanian called for research in the area and urged the NSE Centre for Behavioural Science in Finance, Economics and Marketing to explain why as the economy has been going down, the stock market has been going up.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
There is positive correlation between crude oil prices and Indian equities and investors can expect more upside after the recent rally in Brent crude price.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
The assessee will also have to declare whether such items and their value were disclosed at the time of filing wealth tax returns earlier.
Staggered pull-out will help investors if the market continues to rise.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
The Federal Reserve must now ensure that higher inflation doesn't derail the US recovery.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The genesis of the arbitration lies in a bitter public battle that began in July when Rakesh Gangwal wrote to capital market regulator Sebi alleging lack of corporate governance in the company. He alleged that Rahul Bhatia, who holds controlling power of the company, had used it to execute questionable related-party transactions.
India is Asia's fourth largest exporter of illicit capital with an estimated outflow of a whopping $104 billion between 2000 and 2008.
The panel also suggested that Know Your Client rules should be based on the risk profile of investors.
Real estate PMS are good options for high net worth individuals.
'On one side you have the farmers of India and on the other side are few corporate families.' 'Unfortunately, those holding the levers of power today are more sympathetic towards these corporate families and helping them benefit at the cost of poor farmers.'
'Nowhere amidst the efflorescence of 13 military bands, 16 marching contingents and 22 tableaux was there any hint that far from being a rich country of poor people, the closely guarded secret is that India is a poor country of extremely rich people,' notes Sunanda K Datta-Ray.
With $120 billion worth of deals, 2018 was the best year on record. Many also blame frequent policy flip-flops and increasing tax scrutiny as big dampners for business.
'One cannot avoid speculating whether there was something else at play that led to the uncovering of this saga.'
Sebi considers investment funds focussed on art works, antiques, coins and stamps as 'collective investment schemes', which come under the ambit of the capital market regulator.
According to insiders, the induction of Jai Anshul would coincide with the birthday of the late patriarch of Reliance group, Dhirubhai Ambani, in the last week of December.
'By entering at an early age, they stand a better chance of developing into skilled investors.'
Most people, when they think of financial planning, think investments. Some also feel it has to do with mutual funds and insurance. Honestly neither of it is true.
In an email interview with Ranju Sarkar, International Finance Corporation's South Asia director Mengistu Alemayehu explains why the firm is bullish on building affordable homes in India.
If you have been planning to buy a house, don't postpone your purchase. Developers are offering discounts, freebies and attractive payment plans.
The recent NSEL crisis has prompted even rich and diehard equity investors to shift to safer fixed income products.
Indian investments in equity and debt account for the second-highest remittances outgo (about a quarter).
This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
Becoming a unicorn is surely a marker for a company in its growth story, but it's not a major achievement nor is it a turning point of any significant worth.
