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In the last eight trading days, the BSE benchmark tanked 2,644.6 points or 3.36%, and the Nifty slumped 810 points or 3.41%. File | Photo Credit: PTI Benchmark indices Sensex and Nifty declined in early trade on Monday (February 17, 2025) as persistent foreign fund outflows from the Indian equity markets and slowdown in corporate…
Systematic investment plans (SIPs) make the process of investing in equity funds easy. You must, however, rebalance investments through time horizon for a life goal. Rebalancing involves costs. In this article, we discuss a process to reduce such costs. Diverting SIP Rebalancing goal-based portfolios typically involves selling some units in equity funds and investing proceeds…
Recently, the Securities and Exchange Board of India (SEBI) barred financial influencer Asmitha Patel from capital markets for unregistered investment advisory services. It impounded ₹53.67 crore from her and five other entities and asked why a whopping ₹104.63 crore, collected as course fee, should not be seized as well. Market buffs were taken aback; for,…
The Union Budget 2025 has once again brought the debate between the old and new tax regimes into focus. While the government continues to promote the new tax regime with simplified tax slabs and lower rates, the old tax regime remains attractive for many taxpayers due to extensive exemptions and deductions. With no changes made…
Read More “To switch or not to: The old IT regime vs the new” »
Hitesh Mehta, General Manager and Head of Accounts at New India Cooperative Bank, after being arrested by the EOW, in Mumbai, on February 15, 2025 | Photo Credit: PTI Former general manager and head of accounts of New India Cooperative Bank Hitesh Mehta and the beneficiary of the theft Dharmesh Paun have been sent to…
Read More “New India Cooperative Bank accused sent to police custody till Feb. 21” »
Union Minister of Commerce and Industry Piyush Goyal. File. | Photo Credit: PTI The announcement to negotiate a bilateral trade agreement between India and the U.S. has boosted business confidence in both countries, as it can help further strengthen economic ties by leveraging their competitive strengths, Commerce and Industry Minister Piyush Goyal said on Sunday…
Read More “Announcement of India-U.S. trade agreement has boosted biz confidence: Piyush Goyal” »
BSNL has cut its finance cost and overall expenditure, leading to a decline in losses by over ₹1,800 crore compared to last year. File Photo: Arrangement BSNL has posted a net profit of ₹262 crore for the December quarter, marking its return to profitability after almost 17 years, Union Minister Jyotiraditya Scindia said on Friday…
A general view of installed solar panels at the Khavda Renewable Energy Park of Adani Green Energy Ltd. (AGEL), in Khavda, Gujarat. File | Photo Credit: Reuters The Department for Promotion of Industry and Internal Trade (DPIIT) has reviewed as many as 21 issues affecting 14 infrastructure projects in Gujarat and Rajasthan for their redressal,…
Read More “Centre reviews 21 issues affecting 14 infrastructure projects in Gujarat, Rajasthan” »
Bank of India said it has raised 10 years Infrastructure Bonds of ₹2,690 crore @ 7.50% p.a, through NSE Electronic Bidding Platform. The Base Issue size was ₹1,500 crore with Green Shoe option of ₹3,500 crore. “Bank received total of 94 bids amounting to ₹8,845 crore, 5.90 times of the Base issue size. Bank accepted…
Read More “Bank of India raises ₹2,690 crore through Infra Bonds” »
The Board has appointed Aditya Kumar Halwasiya, Managing Director of Cupid Ltd as its Chairman & Managing Director. | Photo Credit: cupidlimited.com Cupid Ltd for the third quarter reported net profit of ₹ 11.04 crore, as compared to ₹ 8.86 crore in the year ago period, up 24.60%. The total income of the company for the…
Read More “Cupid Q3 net profit rises 25% to ₹11.04 crore ” »