SEBI chief Tuhin Kanta Pandey on Saturday signalled that taxation policies for the capital market are unlikely to be changed while underlining that there is certainty on taxation at present. “If some certainties have already come in terms of taxation, let’s not unsettle it. I think the point is we have to live with what the … Read more
Motilal Oswal Private Wealth (MOPW) has issued a recommendation for investors to pursue lump sum investments in Hybrid and large-cap funds. This guidance comes in response to the recent market corrections which have seen large-cap valuations fall below their 10-year average. The advisory reflected the firm’s strategic outlook amidst ongoing consolidation in the Indian equity … Read more
The Securities and Exchange Board of India (SEBI) has introduced a new investment category dubbed the ‘specialised investment fund’ (SIF) designed for wealthier investors. This initiative, effective from April 1, requires a minimum investment of Rs 10 lakh. SEBI’s move aims to cater to investors with higher risk appetites while providing asset managers with over … Read more
“Specifically, we do not have a stock list ready, like a shopping list per se. We are still observing what has happened in the quarter which has gone by,” says Dipan Mehta, Director, Elixir Equities.What does one do, just sit it out and watch or do you think it is time now to selectively start … Read more
While loans are set to become cheaper for customers with the Reserve Bank of India (RBI) opting to cut the repo rate by 25 basis points, deposit rates including those of small savings may be cut going forward. While banks are likely to cut their deposit rates in line with the policy rate, sources indicated … Read more
Ahead of Budget 2025, there has been growing anticipation regarding potential reforms in the income tax structure, notably the discussion surrounding the introduction of inflation-adjusted basic exemption by tweaking the income tax slabs. Experts believe the government should adjust the tax slabs and also increase the limit of standard deduction and other exemptions, providing much-needed … Read more
Union Minister for Education Dharmendra Pradhan. File | Photo Credit: PTI Union Education Minister Dharmendra Pradhan has asserted that India will become a $30 trillion-economy by 2047. Delivering a lecture at the concluding function of XLRI-School of Management’s year-long platinum jubilee celebration in Jharkhand’s Jamshedpur, on Saturday (December 7, 2024), Mr. Pradhan said India, the … Read more
Kochi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the Indian economy and financial sector are well placed to handle any kind of spillovers from global events. The country’s external sector is also strong and our current account deficit has remained within manageable limits and stood at 1.1 per cent. “Today, … Read more
Mumbai : Samvat 2081 kicked off on a firm note as the country’s stock benchmarks gained nearly half a percent in Friday’s 60-minute Muhurat trading session, marking the start of the Hindu New Year. The Sensex closed at 79,724, up 335 points or 0.42%, after advancing as much as 634 points. The Nifty ended 94 … Read more
Neelkanth Mishra, Chief Economist, Axis Bank & Head of Global Research and Whole Time Director, Axis Capital, says the worst of the growth should be behind us in the sense that the Indian economy may be going through a cyclical bottom. The 7% odd growth is what the economy can deliver. The labour input, capital … Read more