On March 31, 2025, designated as a public holiday in India due to Eid-Ul-Fitr, banks across the country will remain open for essential transactions. The Reserve Bank of India (RBI) has mandated that agency banks handling government business must operate on this day. This decision aims to facilitate taxpayers and ensure smooth financial operations at … Read more
Mutual funds remain a top choice for wealth building in today’s diverse investment landscape. They provide benefits such as diversification, liquidity, and the potential for attractive returns. SBI Mutual Fund, a pioneer in the mutual fund industry, offers a variety of mutual fund schemes that have proven to be beneficial for investors looking to build … Read more
Many individuals aim to achieve the status of a crorepati, aiming to acquire wealth to the fullest extent possible. Yet, a significant portion of the population believes that reaching this goal is out of reach, leading them to neglect efforts in that direction. This can be debated. By committing to saving even a small sum … Read more
Capital Gains Tax: After Finance Minister Nirmala Sitharaman made an announcement in the Union Budget regarding the reduction of tax on long-term capital gains from 20% with indexation benefits to 12.5% without indexation benefits, an amendment was introduced to The Finance Bill, 2024. This amendment allows taxpayers to select the tax rate that is more advantageous … Read more
Mumbai: Investors looking to buy shares of technology companies such as TCS, Infosys and HCL Tech among others amid the recent weakness could consider accumulating them after three to six months. With the banking and financial sectors in the developed economies especially the US – a segment that contributes a sizeable chunk to the domestic … Read more