Union Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday tabled the Union Budget 2024-25 in the Parliament on Tuesday, wherein she introduced some changes to the direct taxes. FM Sitharaman made notable adjustments in the Income Tax Regulations to benefit the middle-class sector. One significant change is the 50% increase in the Standard Deduction, now … Read more
As the bulls in the market regain strength and drive up valuations, there is a notable likelihood that we could witness a resurgence of volatility on the financial arena. The events of Wednesday’s trading session may serve as a precursor to more frequent occurrences of such market fluctuations. Therefore, regardless of the specific market segment … Read more
Stock market: Investors active in the stock market and mutual funds trading whose Know Your Customer (KYC) credentials are found to be inconsistent with the officially valid documents (OVDs) have been asked to update their information before March 31, 2024. That means just one day is left to update the KYC information. Failure to do … Read more
Famed investor Warren Buffett is steadily snowballing a stake in Occidental Petroleum Corp. in what could end up being his biggest-ever acquisition. His Berkshire Hathaway Inc. on Friday won approval to buy as much as 50% of the shares. Some investors believe it’s a step toward a full takeover, which may end up costing more … Read more
In the last few years, Lindy Effect has gained a lot of popularity amongst investors. Ever since Nassim Nicholas Taleb wrote about it in his 2012 book “Antifragile: Things That Gain from Disorder”, it has been used in the investing world as a concept that says companies with competitive advantage that have survived for many … Read more
Humanity is passing through a period of profound uncertainty. Decision making in conditions of high uncertainty is a Herculean task. India, struggling with the second wave of Covid infections, faces a daunting task. The virus has won many battles, but vaccines will win the war. Recently, Dr Anthony Fauci, the highly-respected immunologist and adviser to … Read more
MUMBAI: One of the biggest stories of the financial year gone by was the great migration of retail investors in the country from mutual funds to direct equity. Disheartened by mediocre returns from mutual funds and armed with zero-cost mobile trading applications, millions of retail and high net-worth investors chose to dip into direct equity … Read more
MUMBAI: The domestic equity market ended another week of lackluster trading as the benchmarks slid around 2 per cent each despite a more than 1 per cent surge in today’s session. “The current correction can be metaphorically compared to the steady process of releasing steam from a pressure cooker in order to let the food … Read more
MUMBAI: After a lacklustre week, market participants are gearing up for another week of likely correction as investors may continue booking profits in the wake of rising concerns over overheating in domestic and global stock markets. In the previous week, Nifty50 and Sensex ended with losses of over 1 per cent with banks leading the … Read more
Charlie Munger, one of the two titans of Berkshire Hathaway and Warren Buffett’s buddy, once said, “Big money is not in the buying or selling, but in the waiting.” Our own ‘Smallcap Czar’ Porinju Veliyath seems to have lived by this principle as he sat tight through the 2018-2020 bear cycle in the broader market … Read more