The Indian equity market is experiencing a robust bull run, climbing steadily despite several challenges. Domestic equity benchmarks Sensex and Nifty 50 recovered from post-budget losses and added 0.9 per cent and 1.24 per cent, respectively, for the week, posting the eighth week of gains — registering their best weekly winning streak in the last … Read more
The Budget has dealt a blow to property owners by removing the indexation benefit. Previously, sellers could adjust the purchase price of a property for inflation, which would significantly reduce capital gains tax. The silver lining, however, is that the long-term capital gain (LTCG) tax has been reduced to 12.5% from 20% earlier. But, those … Read more
One of the government’s objectives is to provide social security benefits to citizens. In Budget 2024, the Finance Minister made two announcements towards this objective. These include proposals to raise the limit for employer contribution towards employee’s NPS to 14% from the earlier 10%, and the introduction of NPS Vatsalya for minors. Let us understand … Read more
Foreign portfolio investors (FPIs) extended their buying streak to July after turning net buyers last month as stability returned to Indian markets. FPIs had halted their buying streak with the onset of the new fiscal 2024-25 (FY25). Volatility due to Lok Sabha elections 2024 and results, outperformance in Chinese markets, and other global cues had … Read more
The Time Variant Authority has captured Deadpool, and a man called Paradox tries to lure Deadpool to the dark side. After all, he has nothing to live for. He’s just celebrated a birthday, his girlfriend has left him, he has no job to speak of, and the Avengers have rejected him… Did I say ‘rejection’? … Read more
Do you like investing in gold or invest in gold for diversification of your portfolio? Then you need to know about the recent changes concerning gold that came out in yesterday’s budget. In this article, we will look into the changes and how they might impact your personal finances. The first thing that caught everyone’s … Read more
Stock split 2024: In one year, Hazoor Multi Projects’ share price has delivered whopping returns to its positional shareholders. In one year, the share price has risen from around ₹116 apiece to ₹384 apiece, logging more than 225 rises. So, this small-cap stock is one of the multibagger stocks of the Indian stock market. There … Read more
Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend to steer towards investments. This relative of mine told me that he is investing ₹1.5 lakh yearly in the Sukanya Samriddhi Yojana account for his daughter’s future. I asked him … Read more
Budget 2024: Finance Minister Nirmala Sitharaman has introduced more stringent rules for obtaining clearance certificates required for residents leaving India. Starting October 1, residents of India will need a clearance certificate confirming compliance with the Black Money Act for leaving India. As per section 230 of the Income-tax (I-T) Act, any individual residing in India … Read more
Nigerian President Bola Tinubu sought to diffuse calls for nationwide protests over the country’s cost-of-living crisis, while slamming the organizers for fomenting “anger.” “We do not want to turn Nigeria into Sudan,” he said in a statement posted on X on Thursday after meetings with governors and other leaders spurred by calls for daily protests … Read more