Month: July 2024

Expert view: Market outlook bright; positive on manufacturing, capital goods, exports, says Dikshit Mittal of LIC MF

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Expert view: Market outlook bright; positive on manufacturing, capital goods, exports, says Dikshit Mittal of LIC MF

Dikshit Mittal, a fund manager and senior equity research analyst at LIC Mutual Fund Asset Management, believes the overall market outlook remains positive due to reasonable valuations, broad-based earnings growth, stable macroeconomic conditions, and sustained domestic inflows. In an interview with Mint, Mittal shared his views on what the market expects from the Union Budget … Read more

Long Term Capital Gains Tax: As Budget 2024 draws nearer, a look at LTCG tax and how it applies on different assets

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Long Term Capital Gains Tax: As Budget 2024 draws nearer, a look at LTCG tax and how it applies on different assets

As the Budget 2024 is around the corner, taxpayers are expecting some major overhaul in the capital gains tax. Thanks to the series of provisions that come into play while computing long term capital gains, investors and taxpayers are hoping for the revision in the legislation so that the confusion around capital gains tax, and … Read more

Private Colleges Hurt by Rising Expenses Despite Tuition Gains

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The business of higher education is getting costlier. Private US colleges raised their prices, but still saw margins fall to the lowest level in over a decade in the 2023 fiscal year, according to a report published this week by Fitch Ratings. The declines hit schools across the sector, but were sharpest among lower-rated institutions. … Read more

ICICI Bank’s Sapphiro forex card to benefit students planning to study abroad this year: Key features explained

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ICICI Bank’s Sapphiro forex card to benefit students planning to study abroad this year: Key features explained

Students planning to go abroad for higher studies tend to apply for a forex prepaid card with foreign currencies loaded into it. Almost all major banks in India offer forex prepaid cards. One such card, Student Sapphiro Forex Prepaid Card, was launched by ICICI Bank recently. Meant for students who are planning to study abroad, … Read more

Does Perplexity’s “answer engine” threaten Google?

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Does Perplexity’s “answer engine” threaten Google?

When Aravind Srinivas was accepted at the University of California, Berkeley, to do a PhD, his mother was disappointed. Like many Indian parents, she wanted him to go to the Massachusetts Institute of Technology. But things worked out after all; on the west coast he interned at OpenAI and Google’s DeepMind, both of which became … Read more

Budget 2024: Real estate sector wishlist — from single-window approval for construction to tax benefits

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Budget 2024: Real estate sector wishlist — from single-window approval for construction to tax benefits

Union Finance Minister Nirmala Sitharaman will present the Budget for 2024-25 in the third week of July, outlining anticipated government receipts and expenditures across various sectors.  India’s real estate industry eagerly awaits reforms and incentives to foster growth and address long-standing challenges.  Expectations range from extending corporate tax benefits to surcharge withdrawal and much more. … Read more

Niva Bupa IPO: Will investors overlook the competition to chase growth?

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Niva Bupa IPO: Will investors overlook the competition to chase growth?

Two is better than one. That’s certainly true for India’s standalone health insurance (SAHI) sector, which currently has only one listed company, Star Health and Allied Insurance Co Ltd. The upcoming listing of Niva Bupa Health Insurance Co will provide another option to investors looking to participate in the SAHI growth story. Based on net … Read more

Credit card spend overseas to be included in the LRS limit? Here are key things you should know

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Credit card spend overseas to be included in the LRS limit? Here are key things you should know

Spending money overseas through credit card does not come under the liberalised remittance scheme limit yet, but it may change in the near future. And if it does, credit card users may have to cough up 20 percent tax collection at source (TCS). As per a media report published recently, bringing credit card spend under the … Read more

Bajaj Allianz Life launches Nifty Alpha 50 Index Fund for ULIP customers; details here

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Bajaj Allianz Life launches Nifty Alpha 50 Index Fund for ULIP customers; details here

Bajaj Allianz Life introduced the Bajaj Allianz Life Nifty Alpha 50 Index Fund, which will be accessible to customers who currently own or plan to purchase unit-linked insurance products (ULIPs). For those unfamiliar, this is a market-linked index fund designed to replicate the performance of the Nifty Alpha 50 index. This index comprises 50 large-cap … Read more