Stock market today: Despite mixed trends in the Asian stock markets and a retreat in the European stock market from the record high, the Indian stock market extended its uptrend for the 13th straight session. The Nifty 50 index finished 37 points higher at the 25,273 mark, the BSE Sensex went up 194 points and … Read more
My son resides in the US, whereas I stay in Pune. My son owns two house properties in Pune. Can I pay municipal taxes on his behalf for those properties? —Name withheld on request I assume that your son is a non-resident since he resides in the US. According to Foreign Exchange Management Act (Fema) … Read more
The Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) plans for three companies, which include SK Finance, Belstar Microfinance, and Transrail Lighting. The market regulator issued observation letters to these companies on August 30. Sebi regulations require every company that wishes to issue an IPO to make a rights … Read more
The growing influence of financial influencers, or “fin-fluencers,” on social media has sparked a lively debate about their role in shaping the investment decisions of the youth. In a thought-provoking episode of “The ALT View” presented by StockGro, students of IIM Bangalore discussed this emerging phenomenon and its implications with industry experts Ajay Lakhotia, CEO … Read more
Bazaar Style Retail initial public offerings (IPO), which opened for subscription on August 30, was oversubscribed 4.64 times, with investors bidding for 6.97 crore shares compared to the 1.5 crore shares available. Non-institutional investors (NIIs) demonstrated the highest interest, subscribing 11.62 times their allotted portion of the IPO. Retail investors subscribed 3.75 times their designated … Read more
The price of luxury and lifestyle For Prateek and Neha, a luxury car like their Mercedes Benz A-class, costing 43,000 euros, is a feasible purchase in Luxembourg, a far cry from the hefty ₹55 lakh price tag for a similar model in Bengaluru. “I wouldn’t easily buy a luxury car in India priced over ₹50 … Read more
Pharma stocks maintained their bullish momentum for the third consecutive month in August, with the Nifty Pharma index posting a gain of 6.61%. This follows strong performances in July, where the index rose by 10.37%, and in June, with a 5% increase. Out of the 20 constituents of the index, 16 ended the August in … Read more
Securing our family’s future is topmost priority for most of us. Alongside taking insurance policies and making investments, there is a crucial step in this—estate and succession planning to ensure our family inherits our assets without delays, hardship, or confusion. Yet, this aspect is often neglected due to the anxiety and discomfort arising from contemplating … Read more
OpenAI plans to release two highly-anticipated models. Orion, potentially the new GPT-5 model, is expected to be an advanced large language model (LLM), while Strawberry aims to enhance AI reasoning and problem-solving, particularly in mastering math. Why are these projects important? Project Strawberry (earlier dubbed Q*, or Q-Star) is reportedly a secret OpenAI initiative to … Read more
Bajaj Housing Finance Limited’s initial public offering (IPO) will open for subscription on September 9, 2024. The non-banking financial company (NBFC) seeks to raise ₹6,560 crore from the public issue. Bajaj Housing Finance Ltd. falls under the Reserve Bank of India’s (RBI)“Upper-layer” NBFC. To comply with RBI’s norms, NBFC’s in this layer have to be … Read more