The rule will be applicable from May 1, 2023In this sequence, another update has been asked from SEBI. On behalf of SEBI, it was said that the digital wallet used for investing in mutual funds should be compatible with ‘Know your customer’ (KYC) of Reserve Bank of India (RBI). The market regulator said in its …
In 2023, these are the top 10 cryptocurrencies with high transaction speeds. Ripple (XRP): Ripple (XRP) is a digital payment protocol that facilitates low-cost, near-instantaneous international transactions. Ripple’s rapid transaction speed is one of its key characteristics. The XRP Ledger settles transactions in 3-5 seconds, as stated on the Ripple website. Compared to other cryptocurrencies like Bitcoin …
Top 10 cryptocurrencies in 2023 with their high exchange speeds Read More »
To understand how you can use tax harvesting to reduce your long term capital gains, you first need to know how long term capital gains are taxed. In 2018, the late Finance Minister Arun Jaitley re-introduced the long-term capital gains on equities. Now any long-term gain made from equity investments over and above Rs. 1 lakh …
On March 10, 2023, Silicon Valley Bank collapsed, marking the largest bank failure since the 2008 financial crisis. The collapse sent shockwaves through global markets, leaving billions of dollars belonging to companies and investors stranded. The Federal Deposit Insurance Corporation (FDIC) is racing to find another bank to merge with Silicon Valley Bank to safeguard …
The government has taken a big decision regarding crypto currency. The government has invoked the Money Laundering Act on cryptocurrencies with a view to tighten monitoring of digital assets. After this decision, now it will be difficult to carry out any illegal work through cryptocurrency. Also, now KYC has become mandatory for crypto currency trading. …
BREAKING: Government of India on Crypto Currency Big Decision Read More »
India’s market regulator on Thursday passed two interim orders against entities that used YouTube channels to manipulate stocks, barring them from the capital markets. The Securities and Exchange Board of India (SEBI), in preliminary investigations, identified 46 entities that used the video streaming platform to pump and dump stocks. These entities – a mix of traders and market analysts …
Today, tremendous growth is being seen in the companies of Adani Group. Shares of Adani Enterprises are trading at 1363 level, up by 15%. On the other hand, shares of Adani Ports are trading up by 7% at Rs.598 and shares of Adani Green Energy are trading at Rs.485 with a gain of 5%. And …
Today growth is being seen in the companies of Adani Group Read More »
tax and investment experts, interim dividend or final dividend is an additional income of a stock market investor and it comes to one’s account without selling of the portfolio stock. So, it is considered an additional income of the investors and hence it gets added to one’s annual income at the time of income tax return (ITR) …
Income tax rule applies on dividend paying stocks, bonus shares, buyback of shares Read More »
India’s G20 Presidency is grounded in the theme “Vasudhaiva Kutumbakam”, or “One Earth, One Family, One Future”, which underlines the message of equitable growth and a shared future for all. Digital technology is playing an important role in achieving this goal, by transforming the financial sector, boosting financial inclusion, and improving financial market efficiency. The …
Tax Implications for Indian Residents Investing in the US Stock Market. To start, let’s explain where we can invest. According to RBI policy, an Indian citizen may send up to 2.5L USD abroad. Simply put, a resident of India may invest up to 2.5L USD. Therefore, investing is possible in stocks from any nation. There isn’t a restriction per se, but almost all fintech platforms offer a way to invest in US stocks. Let’s now examine the benefits and drawbacks of investing in US markets.
The Competition Commission of India (CCI) approves acquisition of 100% equity and preference shares of Lanco Anpara Power Limited (LAPL) by Megha Engineering and Infrastructures Limited (MEIL) under Section 31(1) of the Competition Act, 2002. The Proposed Combinationinvolves acquisition of 100% of the equity and preference shares of LAPL by MEIL or its wholly-owned subsidiary. …
CCI approves proposed acquisition of upto 25% shareholding in HPPL by National Investment and Infrastructure Fund and proposed merger of HIPL into HPPL The Competition Commission of India (CCI) approves proposed acquisition of upto 25% shareholding in HPPL by National Investment and Infrastructure Fund and proposed merger of HIPL into HPPL. National Investment and Infrastructure …
CCI approves proposed acquisition of upto 25% shareholding in HPPL Read More »
Insurance behemoth Life Insurance Corp (LIC) of India on Thursday posted multi-fold growth in consolidated net profit at Rs 8,334 crore for the December 2022 quarter compared with just Rs 211 crore in the corresponding quarter of last year. Net premium income rose 14% year-on-year to Rs 1.11 lakh crore for the quarter under review. …
The trading hours for various markets regulated by the Reserve Bank were amended with effect from April 7, 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19. Restoration of market hours in a phased manner was commenced with effect from November 09, 2020, and market hours in respect …
RBI Extends Market Trading Hours, Know new timings Read More »
The Reserve Bank of India (RBI) on Wednesday announced that it will permit the lending and borrowing of government securities as part of its ongoing endeavour to further develop the government securities market. “This will provide investors with an avenue to deploy their idle securities, enhance portfolio returns and facilitate wider participation. This measure will …
RBI to allow lending and borrowing of government bonds, change market
timings Read More »
Hero MotoCorp reported a 3.6% year-on-year (YoY) rise in net profit for the quarter ended December to Rs 711.06 crore. Revenue from operations rose only 2% YoY to Rs 8,031 crore.
The country’s second largest telecom operator is seen reporting 24.6% sequential growth in consolidated net profit to Rs 2,673 crore, according to the average of six estimates. The revenue is expected to grow a mere 2.2% sequentially to Rs 35,299 crore. This would be the slowest growth in 6 quarters. The company is scheduled to …
Adani Group has lost around Rs 9 lakh crore m-cap in the last seven trading sessions since January 24 Market regulator Securities and Exchange Board of India (SEBI) on Saturday said for orderly and efficient functioning of the market, all surveillance measures are in place to address excessive volatility in specific stocks. In a statement, the …
Digital payments app Paytm’s parent One 97 Communications Ltd on Friday reported its loss narrowed by nearly 50% to Rs 392 crore in the quarter ended December 31, 2022 as against loss of Rs 778.5 crore in the year-ago period. The SoftBank-backed firm’s revenue from operations rose 42% to Rs 2,062 crore in Q3FY23 as …
Just like the other sectors of the economy, the Indian crypto community had pinned a lot of hopes on the Union Budget 2023. But to the dismay of crypto lovers, Finance Minister, Nirmala Sitharaman announced nothing about cryptos, virtual digital assets, blockchain, or even CBDCs, while presenting the Budget in Parliament. This has caused disappointment …
Dodging TDS on crypto transactions may attract penalties Read More »
On Wednesday, the price of Adani Enterprises stock fell by 26.7%. Over 94000 Cr of investor wealth has been lost. Even when the FPO was successfully closed, this decline was seen. The FPO has a 20,000 Cr issue size. On Wednesday, the opening price is Rs 2995.2. The issuance was oversubscribed by 112% even though …
Adani FPO Withdrawn – Shares down 26.7% –What next? Read More »
There is good news for investors investing in mutual funds. Now investors will get money in their bank account on the third day of the transaction of selling units of mutual funds. Mutual funds houses have to transfer the money to the investor’s bank account within three days of the transaction. The Association of Mutual …
Kolkata-headquartered private lender Bandhan Bank witnessed subdued third quarter earnings (Q3FY23) with both net interest income (NII) and profitability on the dip side. The stock will be in focus this post-Q3. Going forward, the bank’s management expects to sustain loan growth and a sharp drop in slippages by Q4 of FY23. Brokerage Motilal Oswal continues …
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday reiterated his appeal for a complete ban on cryptocurrency. He said that cryptos are ‘nothing but gambling’ and their alleged ‘value is just an illusion.’ Taking forward its opposition to such currencies and to take an edge over other central banks, the RBI recently introduced …
Appeal for complete ban on cryptocurrency, said – nothing but gambling Read More »
Tata Consultancy Services Ltd (TCS) pleasantly surprised the Street with a 5.3% sequential rise in consolidated revenue for the quarter ended December to Rs 58,229 crore. The revenue was above the ET Now poll of Rs 56,893 crore. The net profit rose nearly 4% on quarter to Rs 10,846 crore but was lower than the …
Torrent Investments on Friday proposed to pay its entire bid of ₹8,640 crore upfront for acquiring Anil Ambani-promoted Reliance Capital, doubling its immediate payment offer made a day after the auction ended late in December, two people aware of the development told ET. Similarly, the Hinduja Group offered ₹8,110 crore upfront and ₹800 crore in deferred payments for the bankrupt financial …
Torrent bids ₹8,640 cr upfront for Reliance Capital Read More »
1. Buy Tata Chemicals Motilal Oswal has recommended investors to buy Tata Chemicals with a target price of Rs 1250 apiece. If you buy the stock now, you will get potential 33% return. The stock’s 52-week high is Rs 1214 apiece and 52-week low is Rs 773 apiece, respectively. The company has a market capitalisation of …
Motilal Oswal Sees 3 Tata Stocks Offering Upside Potential, Initiates Buy Read More »
Sr. No Holidays Date Day 1 Republic Day January 26, 2023 Thursday 2 Holi March 08, 2023 Wednesday 3 Ram Navami March 30, 2023 Thursday 4 Mahavir Jayanti April 04, 2023 Tuesday 5 Good Friday April 07, 2023 Friday 6 Dr.Baba Saheb Ambedkar Jayanti April 14, 2023 Friday 7 Maharashtra Day May 01, 2023 Monday …
Investing in equity mutual funds is a challenging task. Choosing a scheme with the right combination of choice of stocks, and good performance can be a difficult process. While selecting an equity portfolio, the market capitalization (Refer below for the meaning) or size of the company is an important parameter. After all, the market capitalization …
Investment in mid cap & short term funds – Top funds & taxation Read More »
Introduction: The National Pension System (NPS) is a voluntary defined contribution pension system in India. It has been introduced by the Government of India in the year 2004 to provide Retirement Savings Benefits to the Central Government Employees. In the year 2009 it was opened up for all Citizens of India between the Age of 18 and …
All about National Pension Scheme – Investment, Withdrawal & Tax implications Read More »