The new financial year will start tomorrow and the investors will get another chance to review their investments and opt a suitable tax regime. There are various investment tools that are accepted under both tax regimes. Under the Old Tax Regime, numerous tax deductions and exemptions are offered under different sections of the Income Tax … Read more
NPS regulator Pension Fund Regulatory and Development Authority (PFRDA) has recently released an advisory on how the National Pension System investments can be safely done by government sector employees. PFRDA, under its new advisory, Digital Safety Practices for Government Nodal Offices Under NPS Architecture Advisory, 2024, has said that the new norms shall be applicable … Read more
Mumbai: India’s capital markets regulator has ordered local mutual fund managers to stop accepting money in plans that invest in overseas exchange traded funds (ETFs) as a $1-billion cumulative sectoral limit for such investments is close to being breached. The Reserve Bank of India (RBI) regulates the fund inflows and outflows involving locally pooled investments … Read more
Warren Buffett‘s Berkshire Hathaway Inc on Saturday posted its second straight record annual profit, bolstered by gains from its common stock investments and as rising interest rates helped its insurance businesses generate more income. Fourth-quarter operating profit rose 28% to $8.48 billion, or about $5,884 per Class A share, from $6.63 billion a year earlier. … Read more
Telangana IT and Industries Minister D. Sridhar Babu; Principal Secretary of the department Jayesh Ranjan; Investment and Promotion Special Secretary Vishnuvardan Reddy at a meeting with with industrial bodies in Hyderabad. | Photo Credit: File Photo | By Arrangement Industries and IT Minister D. Sridhar Babu will make a stopover at Jeddah while returning from … Read more
The Reserve Bank of India’s (RBI’s) decision to keep the policy repo rate unchanged offers significant relief to home loan borrowers. As RBI maintains a status quo, the equated monthly installments (EMIs) are unlikely to see a surge. Borrowers who were bracing for a hike can breathe a sigh of relief. The RBI’s Monetary Policy … Read more
In the wake of an all-time high in gold prices post the festive season, investors are closely scrutinising past trends for insights into the potential duration of this rally and the likelihood of a corrective phase in the near future. Historically, gold has exhibited a characteristic pattern of correction, typically around 10%, following a robust … Read more
Private equity firms that amassed more than $1.5 trillion of assets in China in just two decades are now struggling to offload once-promising investments they were counting on for hefty returns. With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales. But mounting concerns about the risks of investing … Read more
Mumbai: Flows into equity mutual funds in September fell 30% from the previous month on account of a drop in appetite for mid-cap and small-cap funds and outflows from large-cap schemes. Investments into funds through Systematic Investment Plans (SIPs), however, continued at a record pace as investors saw more merit in putting money into schemes … Read more
West Bengal Chief Minister Mamata Banerjee during a meeting with Lulu Group International Executive Director Ashraf Ali MA, in Dubai, UAE on September 22, 2023. | Photo Credit: PTI West Bengal Chief Minister Mamata Banerjee returned to Kolkata on September 23 evening after a 12-day tour of Spain and the UAE, and said her trip … Read more