On Aug 10, US-based short-seller Hindenburg Research released a report that said Sebi chairman Madhabi Puri Buch and her husband Dhaval had investments in offshore investment funds which were used by Vinod Adani, brother of billionaire Gautam Adani, to invest in Adani Group’s stocks. Here’s an explainer on offshore funds, their structure and tax implications:What’s … Read more
While investing, everyone who adheres to a clearly defined rule-based strategy stands a chance to make money. If the rules have stood the test of time, the odds of winning are even higher. Factor-based or smart beta exchange traded funds (ETF) adopt this rule-based approach of portfolio construction. They can be an interesting portfolio candidate … Read more
Shares of Naukri.com’s parent company Info Edge (India) jumped 8% on BSE in Friday’s trade to the day’s high of Rs 6,338.55 as the firm reported a Q4 profit of Rs 211 crore, rising 18% year-on-year (YoY). Naukri’s revenues were recorded at Rs 608.3 crore, a 7.9% growth from the same period last year and … Read more
Home Business Big News For PPF Investors! Tax Exemption Extended Till 31 March, Amazing Benefits And Lots More The PPF scheme is currently offering an annual interest rate of 7.1% on the PPF account. You can also get loan against your PPF account. (File) PPF Investors: You have just about 14 days to make tax-saving … Read more
Amid a growing traction for thematic mutual funds, investors willing to invest in pharma theme, have over a dozen options at their disposal. There are 8 active schemes which have been there for five years or more with average returns of 23% which is higher than their benchmark returns of 20%. Meanwhile, total count for … Read more
Indian auto industry is set to invest up to $7 billion, or about Rs 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions to reduce imports and capitalise on multinationals’ ‘China Plus One’ sourcing strategy. Automakers and their suppliers are likely to make this investment between FY24 and … Read more
Bhanu Pratap Singh, a 35-year-old father of two, is a responsible individual who values the financial security of his family. With a stable job and his wife working as a teacher, they have taken the necessary steps to plan for the future. Singh has diligently maintained a budget and invested in their home, Provident Fund, … Read more
Sovereign Gold Bond Series-IV (2023-24): The latest tranche of Sovereign Gold Bonds (SGB) for the 2023-24 Series-IV is now open for subscription from February 12 until February 16. Following the subscription period, SGBs are typically allocated within seven days. Consequently, the issuance date for this tranche is set for February 21.Eligibility and pricingAccording to ET, … Read more
US companies are discussing cost control on earnings calls at a record rate, amid a push to reallocate funds and invest in new technologies, according to an analysis by Morgan Stanley strategists. Transcript mentions of “operational efficiency” are at highest ever in the US during this earnings season as companies focus on expense discipline, but … Read more
MUMBAI: TruAlt Bioenergy, which is among the largest biofuel players, is planning to expand its capacity by 2.7 lakh litres per day by next fiscal and will invest around Rs 600 crore to set up more plants. The Bengaluru-based company is also expecting around 30 per cent revenue growth this fiscal year. TruAlt is primarily … Read more