The capital market regulator also barred the merchant banker involved from taking up new initial public offering (IPO) assignments. In a strongly-worded interim order issued on Tuesday, Sebi accused the two entities (the company and the merchant banker) of gross misuse of investor funds, including routing âš2 crore to an individual who used the funds…
US stock indices opened lower on Tuesday, after President Donald Trump threatens pharma tariffs and amid subdued corporate earnings. At the opening bell, the Dow Jones Industrial Average fell 218.6 points, or 0.53%, to 41,000.19. The S&P 500 fell 44.5 points, or 0.79%, to 5,605.87â, while the Nasdaq Composite dropped 221.0 points, or 1.24%, to…
A new credit card user is recommended to use the card optimally. This can happen by avoiding to make certain common mistakes which credit card users often make. These include maxing out your card, missing payments, withdrawing cash, paying the minimum due and overlooking other charges. Here we list out the five key mistakes which…
I am a 45-year-old man from Mumbai. I am in the process of planning my estate. I also want to protect my online and digital assets and include them in my estate for my family to inherit them. How do I identify and protect my digital assets? âName withheld on request Digital assets include any…
Investment word of the day: A Certificate of Deposit (CD) is a financial instrument administered by the Reserve Bank of India, where interest is earned on an amount deposited for a specific time period. These short-term investment instruments are typically considered secure because the deposited amount is not subject to market volatility. Who issues a…
Several mutual funds have filed with the Securities and Exchange Board of India for quality strategy funds. Quality strategy involves investing in companies that have strong fundamentals and robust balance sheets. It prioritises stocks with high profitability, high return on equity and low levels of debt. Should those looking at diversifying their portfolios with a…
ITR 1 (Sahaj) is meant for resident individuals and Hindu Undivided Families (HUFs) with total annual income up to âš50 lakh from sources like salary, pension, interest, dividends, and rent from one house. LTCG relief This yearâs Budget raised the tax-exempt limit for long-term capital gains (LTCG) on securities from âš1 lakh to âš1.25 lakh….
Stock market today: On Tuesday, India’s key stock indexes traded lower, driven by broader declines in pharmaceutical stocks influenced by US manufacturing data, which overshadowed the rise in Mahindra & Mahindra due to positive expectations regarding future earnings. The Nifty 50 decreased by 0.33% to 24,380.70, while the Sensex fell by 0.23% to 80,613.72 as…
When an applicant of a personal loan goes ahead with applying for this particular credit instrument in India, one of the key documentation requirements is the submission of bank statements. It is these statements that help lenders in assessing and understanding an applicant’s financial stability and repayment ability. Still, the specific duration of bank account…
In the ever-evolving economy of India, credit cards have emerged as an essential financial tool. These cards provide rewards, convenience, flexibility etc., to the respective users. This makes them popular among consumers. Still, while using credit cards, it is also important to be aware of the risks associated with exceeding your credit limit. Going âover-limitâ…
