Share Market: New rule of share market will be applicable from May 1, if this work is not done then you will not be able to invest

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 …

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Top 10 cryptocurrencies in 2023 with their high exchange speeds

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 …

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Tax Harvesting: What is it and how you use it?

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 …

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silicon valley bank

The Collapse of Silicon Valley Bank: How Rising Interest Rates Triggered the Largest Bank Failure Since 2008

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 …

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BREAKING: Government of India on Crypto Currency Big Decision

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. …

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BIG BREAKING: SEBI Interim Order in the matter of Stock Recommendations using YouTube Channel

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 …

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Income tax rule applies on dividend paying stocks, bonus shares, buyback of shares

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) …

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Panel discussion on “Policy Perspective: Debating the road to policy consensus on crypto assets” under G20 India Presidency

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 …

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Investment in US Stocks – Changes in Taxation – Read this before you Invest!

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.

CCI approves acquisition of 100% equity and preference shares of Lanco Anpara Power Limited by Megha Engineering and Infrastructures Limited

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. …

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CCI approves proposed acquisition of upto 25% shareholding in HPPL

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 …

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LIC Q3 Results

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. …

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STOCK MARKET TRADING HOURS

RBI Extends Market Trading Hours, Know new timings

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 …

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RBI to allow lending and borrowing of government bonds, change market
timings

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
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Airtel Q3 preview

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 …

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Adani Group has lost around Rs 9 lakh crore m-cap in the last seven trading sessions since January 24

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 …

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Paytm achieves operating profitability three quarters ahead of guidance, reports EBITDA before ESOP of Rs 31 crore in Q3FY23

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 …

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Dodging TDS on crypto transactions may attract penalties

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 …

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ADANI

Adani FPO Withdrawn – Shares down 26.7% –What next?

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 …

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Big relief to investors of mutual funds

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 …

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Q3FY23, Bandhan Bank results;

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 …

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Appeal for complete ban on cryptocurrency, said – nothing but gambling

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 …

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TCS Q3 Results

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 …

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Torrent bids ₹8,640 cr upfront for Reliance Capital

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 …

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3 Tata Stocks Offering Upside Potential, Initiates Buy

Motilal Oswal Sees 3 Tata Stocks Offering Upside Potential, Initiates Buy

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 …

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Trading Holidays List 23

Stock Market Holiday Calendar 2023

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 …

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EQUATY MUTUAL FUND AND TAX

Investment in mid cap & short term funds – Top funds & taxation

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 …

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National Pension Scheme

All about National Pension Scheme – Investment, Withdrawal & Tax implications

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 …

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