Abhimanyu is a smart trader who trades everything from crypto to derivatives to international stocks. He has made a fortune since he started during covid-19. In his early 20s, his colleague in the US introduced him to the financial markets. Abhimanyu used to work for a US firm, The covid-19 lockdown made him work from … Read more
FedEx leaps after upbeat profit forecast * Nvidia falls, drags chip stocks * Rivian up on Volkswagen joint venture * Amazon crosses $2 trillion in market value By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl June 26 – Major U.S. stock indexes closed with modest gains on Wednesday after a choppy trading session, with … Read more
I am 35, and recently started a new job with a monthly income of ₹1.5 lakh. I have no significant liabilities and can save 40% of my income. My investments include: ₹10 lakh in MFs (large- and mid-caps, and debt funds); ₹5 lakh in fixed deposit; and ₹3 lakh in PPF. I aim to accumulate … Read more
As the Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2025 in July, several stakeholders have urged Finance Minister Nirmala Sitharaman to provide tax relief for salaried employees. The Union Budget 2024-25 is expected to be presented in Parliament on July 23 or 24. Budget expectations Salaried … Read more
Shares of Reliance Industries, India’s largest company by market capitalisation, reclaimed the ₹3,000 mark in today’s trading session after a 15-session gap, setting a new record high of ₹3,037.95 per share by gaining 4.50%. By the session’s close, the stock settled at ₹3,028, reflecting a significant 4.12% increase, marking its third-largest intraday gain in CY24 … Read more
Will the Modi 3.0 government increase interest rates on small savings schemes scheduled for revision at the end of this month? Various schemes like Recurring Deposit (RD), Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Mahila Samriddhi Saving Certificate, Kisan Vikas Patra, National Savings Certificate (NSC), and Senior Citizen Savings Scheme (SCSS) have their interest … Read more
Edited excerpts: What are your key expectations from the Union Budget 2024? Do you expect growth-oriented measures or populist ones? As we approach Budget 2024, we anticipate a continued focus on advancing India’s digital public infrastructure, which is essential for achieving the $5 trillion economy dream. Enhanced government initiatives for financial inclusion, smart cities, AI … Read more
In early trade, the 30-share BSE Sensex increased by 134.64 points to reach a new all-time high of 78,188.16. The Nifty increased to 23,749.50, up 28.2 points. Subsequently, though, both benchmark indices had volatile trends and fluctuated between highs and lows. Financial Services, IT, Media, and Private Banks were among the sectoral indices at the … Read more
How do legal frameworks governing testamentary and intestate succession differ from the role of a nominee in temporarily managing assets until the rightful successor is determined? What should I consider to ensure my estate plan is legally sound, minimises administrative burdens, and prevents potential disputes among heirs? -Name withheld on request One needs to understand … Read more
Among the key sectors, India’s agriculture sector is expected to grow at a rate of six per cent in the current fiscal 2024-25 (FY25). Experts say that the farm and agri sector has grappled with strenuous challenges such as drought, adverse weather conditions, the impact of climate change, and inflationary pressures. Also Read: Russia’s crude … Read more