Investing wisely is key to building wealth, and mutual funds have become popular among Indian investors. As an investor in India, it is important for one to know the best mutual funds they can think of investing in as we get into 2024. But finding the right mutual fund from so many options can be […]
Most of the time, traders make a lot of use of the cup and handle pattern to spot a potential bullish trend; therefore, it becomes an invaluable tool for capitalizing on upward price movements. Knowledge about spotting and using this particular pattern can seriously enhance your strategy. The cup and handle are a commonly used […]
Investing in the stock market can be a rewarding experience, but it often comes with a lot of jargon that can be confusing, especially for new investors. One term you might have come across is "IPO." So, what is IPO? An Initial Public Offering is when a private company decides to go public by offering […]
The Steel Executives Federation of India (SEFI) has called on the Ministry of Steel to merge several state-run steel companies, including Rashtriya Ispat Nigam Limited (RINL), Ferro Scrap Nigam Limited (FSNL), and the Nagarnar steel plant, with the Steel Authority of India Limited (SAIL), in a move aimed at creating a mega public sector undertaking. […]
The National Stock Exchange of India (NSE) has introduced a new regulation to standardize price discovery during the pre-opening session for Small and Medium Enterprises (SME) Initial Public Offerings (IPOs). Effective immediately, the NSE will implement a 90% cap over the issue price during the special pre-open session for SME IPOs. In a circular issued […]
Ashok Leyland is set to unveil its first vehicle scrappage facility, operating under a franchise model. The company has entered into an agreement with a Registered Vehicle Scrapping Facility (RVSF). "This positions Ashok Leyland strategically on our path to circularity and reducing our environmental impact," the company's annual report for FY24 stated. Additionally, the Hinduja […]
Have you ever wondered how to maximise your investments while minimising risks? That's where portfolio diversification comes into play, and it’s simpler than you might think! Imagine your investment portfolio as a grand Indian thali, brimming with various dishes from different regions. It is all about not putting all your money into one dish but […]
To encourage small investors to participate in the securities market, SEBI has raised the limit for the basic service demat account (BSDA) from ₹2 lakh to ₹10 lakh. These new guidelines will start on September 1, as stated by SEBI in a circular. Increasing the limit for the value of securities in a BSDA aims […]
Is dividend income taxable? Yes, dividend income is taxable in India. Whether you receive dividends from Indian companies or foreign ones, you must pay tax on your income ,. Understanding how dividend income is taxed is important because it helps you plan your finances better and ensures you comply with tax laws. We've got you […]
The Indian rupee plunged to a historic low against the US dollar, closing at 83.57 on Wednesday. This depreciation underscores ongoing economic challenges and a strengthening US dollar which has significantly impacted emerging markets. The Indian currency's slide past the 83.50 mark was driven by multiple factors. Persistent inflationary pressures, elevated crude oil prices, and […]
