I have to make a payment to a law firm in Dubai for advising me on Golden Visa eligibility. Would such payment require TDS (tax deducted at source) and do I have to file Form 15CB while making the payment? Are there any other tax rules that I should keep in mind while making the … Read more
Gold prices surged, supported by a decline in the U.S. dollar, as investors awaited upcoming data to assess inflation trends, crucial for understanding the Federal Reserve’s approach to interest rates, on Tuesday. At 09:58 a.m. EDT (1358 GMT), spot gold climbed 0.5% to $2,182.77 per ounce after spiking by as much as 1.3% earlier in … Read more
Before handing out a loan, banks invariably check the applicant’s credit score. So, it goes without saying that a good credit score is indispensable for anyone to procure a loan. However, there are a slew of misconceptions about CIBIL score. Here are six key misconceptions: Checking your score hurts it: This is a widespread misconception. … Read more
OpenAI has not revealed much about how ChatGPT-4 was built. But a look at its predecessor, ChatGPT-3, is suggestive. Large language models (LLMs) are trained on text scraped from the internet, on which English is the lingua franca. Around 93% of ChatGPT-3’s training data was in English. In Common Crawl, just one of the datasets … Read more
After a long stretch of stock underperformance, domestic brokerage Kotak Institutional Equities stated in its most recent report that it has double upgraded Dr Lal Pathlabs from Sell to Add with an increased fair value of ₹2,360. Given reasonable prices, the brokerage has also increased Metropolis Healthcare’s fair value to ₹1,600, keeping its Reduce rating. Following … Read more
If you want to crunch some numbers, the total assets under management of the Indian mutual fund industry stood at ₹54,54,214 crore. Over 8.2 crore SIP accounts are being held by retail investors through which they invest regularly in various Indian mutual fund schemes offered by Asset Management Companies (29th February 2024). Also Read: Your … Read more
Buy or sell stocks for today: After an extended weekend due to the stock market holiday on Monday, the Indian secondary market is expected the follow the global market sentiments, especially after the profit-booking trigger in the US stock market. The US stock market took a breather as most of the major indices ended loser … Read more
These unions emphasize member service and financial well-being, whereas banks focus on maximizing profits for shareholders. Credit unions often provide lower interest rates on loans, reduced fees, and a more customized banking experience. Credit unions can frequently be a compelling choice for personal loans for several reasons: Possibly lower interest rates: As non-profit organizations, credit … Read more
The US markets kicked off the shortened week on a downward trend, with the looming Good Friday holiday. As of 9:00 pm IST, the S&P 500 slipped by 0.19 percent to 5,224.15. Similarly, the Nasdaq Composite saw a decrease of 0.13 percent to 16,406.66, while the Dow Jones Industrial Average experienced a decline of 0.30 … Read more
Holi, the festival of colours, is not just a time for fun and merry-making but also offers valuable financial lessons that can be applied in our everyday lives. As we celebrate Holi, let’s take a closer look at some of the financial lessons we can learn from this vibrant festival. Budgeting and planning ahead Just … Read more