33 C 
Mirae Asset Large and Midcap Fund to accept lumpsum, SIP, STP from Aug 1
Mirae Large and Midcap Fund had suspended lumpsum investments since October 25, 2016, but continued to accept investments through SIPs. In November 2020, the fund house had restricted subscription in the scheme to Rs 2,500 through monthly SIP which was increased to Rs 25,000 per person in October 2023.
Bandhan Bank Q1 net up 47.5% at 1,063.46 cr
Operating profit jumps over 24 per cent to 1,940.89 crore
CityUnionBank posts 16% rise in Q1 profit, asset quality improves
Interest income increases 10 per cent to 1,388 crore
Cholamandalam posts strong double-digit growth in PAT, net income & disbursements in Q1
Ravindra Kumar Kundu, currently the executive director, elevated as the Managing Director
RBI draft norms on liquidity standards: Banks lendable resources may come down
Banks shall assign an additional 5% run-off factor for retail deposits enabled with Internet and mobile banking
ESAF Small Finance Bank net up 44% at 63 crore in Q1FY25
Net interest income was stable at 588 crore, while net interest margin was at 9.4 per cent
Up to 8% FD rate: SBI Amrit Vrishti FD interest rate vs other big banks 400-day fixed deposits
Latest FD interest rate: State Bank of India (SBI) has recently unveiled a special fixed deposit (FD) called SBI Amrit Vrishti, which provides elevated interest rates for a limited period. Let's compare the interest rates for SBI Amrit Vrishti FD with those offered by other banks such as PNB, Canara, Bank of Baroda, and P&S Bank for the same duration.
This equity mutual fund category offer highest return in one month
Paying income tax is not enough, you must file the ITR to avoid jail in certain cases
ITR filing: You must remember to file the ITR by July 31, 2024 and also pay any pending income tax amount (if any). There are legal provisions in the Income Tax Act that can lead to imprisonment for not filing income tax returns (ITRs) or not paying income tax when liable, says Priyanka Jain, associate partner, Vaish and Associates.
1% TDS on property purchase over Rs 50 lakh even in case of multiple buyers or sellers
The 1% TDS applies on the purchase price or the stamp duty value, whichever is higher. This amendment proposed in Budget 2024, comes into effect from October 1.
Share buybacks no longer to woo investors: heres why
A buyback, also known as a share repurchase, is when a company buys its own outstanding shares to reduce the number of shares available on the open market.
share buybacks taxation income tax in hands of recipient arbitrage dividend income
A buyback, also known as a share repurchase, is when a company buys its own outstanding shares to reduce the number of shares available on the open market.
Retail investors drive 12x growth in index funds in less than 4 years: Zerodha Fund House
The popularity of index funds in India has surged in recent years, as evidenced by the significant increase in the number of funds offered by MF houses. Between March 2021 and March 2024, the total number of index funds available to investors grew by an impressive 370%, from 44 to 207. This growth reflects the growing appetite and confidence that investors have in index funds.
TDS rates changed: Tax deducted at source on these payments increased in Budget 2024
How schemes of Quant Mutual Fund have performed after one month of Sebis raid
Mutual fund investors were shocked when Sebi raided Quant Mutual Fund's offices for alleged front-running. The raid impacted various funds' performance, with some underperforming their benchmarks, while others like Quant Focused Fund outperformed. Despite this, the fund house's assets under management hit all-time highs, reflecting an increase in their total AUM and growth in several key funds.
New bank money transfer rules from November 1, 2024: All you should know
With a focus on banking services and payment systems, the Reserve Bank of India (RBI) recently released a new framework on Domestic Money Transfer (DMT) for regulated enterprises. This framework includes tougher Know Your Customer (KYC) record criteria.
Who should switch from old to new tax regime after Budget 2024? Here's the math
Old vs New Income Tax Regime 2024: New income tax slabs in new tax regime: The income tax slabs under the new tax regime has been changed in the Budget 2024. The new income tax slabs will come into effect retrospectively from April 1, 2024. Now, there may be some individuals who are still paying their taxes under the old tax regime. Does it make sense for them to switch to new tax regime now?
Last Saturday before ITR filing deadline: Are banks open or closed on Saturday, July 27?
Saturday bank holiday: Do keep in mind that this is the last weekend before the income tax return filing due date of July 31, 2024 Bank customers must make sure that their bank related work is not hampered on these bank holiday days.
NPS Employer contribution hike: Budget 2024 has increased the deduction available on the employer's contribution to the NPS account under the new tax regime to 14%. This is a good news for the salaried individuals. However, one important NPS deduction for salaried individual is still missing under the new tax regime.
GST: Now demand notices of GST cannot be issued beyond 42 months from the due date of filing GST annual return. Moreover, GST demand orders now have to be issued within 12 months from the date of GST demand notice. Know how this Budget 2024 amendment helps you in GST cases.
Union Budget 2024: 3 sectoral mutual funds in limelight. Should you invest?
Finance Minister Nirmala Sitharaman announced significant budget allocations to agriculture, defense, and infrastructure, boosting sectoral mutual funds. Experts recommended focusing on infrastructure, banks, and consumption sectors. Historical returns revealed promising results for these sectors, though investors were advised to maintain balanced allocations despite favorable trends.
Wealth managers now back global MFs
The long-term capital gains tax on international mutual funds has been reduced to 12.5% for investments held over 24 months. Wealth managers now recommend diversifying portfolios with 10-15% in overseas equities, particularly in the US and China.
PNB Housing consolidated net up 25% at 433 crore in first quarter
Total income up 7.3 per cent at 1,832 crore
Heres the best crypto to buy now as Cardano (ADA) price stays flat
The stagnant price of Cardano (ADA) has led investors to seek opportunities in other crypto projects like Pepe Unchained. This new meme coin, boasting a Layer-2 solution, raised over $5 million. Pepe Unchained addresses the volatility concerns of meme coins with its faster, cheaper transactions, attracting significant investor interest. The presale is nearing a sell-out.
BONK, PEPE, Shiba Shootout: Meme coin price predictions
Meme coins are gaining traction as the market turns bullish. Bonk saw a boost from a proposed token burn, while Pepe is recovering due to whale activity. Shiba Shootout, with play-to-earn features, might achieve significant gains, driven by high presale demand and strong community engagement.
Board constitutes 4-member Committee of Directors to vet the banks application for submission to the RBI
Pepe Unchained price prediction: Can PEPU meme coin outperform PEPE in 2024?
Pepe Unchained ($PEPU), a cryptocurrency backed by a Layer-2 solution for meme coins, raised over $5 million in its presale and offers high staking yields. Analysts predict strong future growth due to its unique technology and the popularity of meme coins. Early investors benefit from discounted presale prices and high APYs. Staking encourages long-term holding.
Before the Budget 2024 was announced, the tax code had the indexation provision for property sellers in India. According to that, they would adjust a property's purchase price to reflect inflation's effect on it. So, if inflation outpaced the rise in the property's value or if the property lost its value over years, the property holder would claim a capital loss in their ITR return.
State Bank of India enhances customer support with expanded contact centre services
The services include account-related services, ATM cards, chequebook services, emergency services, etc
How to check your ITR refund status online using your PAN card: A step-by-step guide
Climate-related financial risk: RBI to release guidance notes on scenario analysis, stress testing
Adaptation and transition key strategies in managing climate risk, says Deputy Governor Rao
Was PM Kisan instalment amount hiked from Rs 6,000 in Budget 2024?
Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) central government plan, all landholding farmers' families in the country can receive income support to help them fulfill their domestic needs and agriculture needs.
New Fund Offer: Bajaj Finserv AMC on Thursday opened the subscription for its new large-cap mutual fund scheme. The fund house says the fund will follow the concentrated strategy with investment in select 25-30 stocks.
Budget 2024: Your Aadhaar enrollment ID cannot be used for these applications
Indexation benefit removed on selling property: What is indexation benefit, what has changed
Physical gold vs SGBs: Which generated more wealth for investors since launch of gold bonds?
SGBs can be opted for investment purposes while you surely can't do with SGBs if needed for consumption purpose, This is due to a comparatively higher absolute return on the gold bonds.
TDS rates of these 7 payments reduced to 2% in Budget 2024
Understanding Post Office FD Rate:The Post Office Time Deposit Account (TD) is a fixed deposit scheme available at post offices across India. It offers quarterly compounding of interest with annual payouts. Currently, it offers four maturity options ranging from one to five years, with annual returns between 6.9 per cent and 7.5 per cent calculated quarterly. The account requires a minimum investment of Rs 1,000, with no upper limit, in multiples of Rs 100. For example, amounts like Rs 1,100 and Rs 9,900 are accepted, but not Rs 1,110 and Rs 9,990.
Federal Bank clocks highest ever quarterly net profit at 1,010 cr in Q1
Net interest income up 19% yoy at 2,292 crore
ITR filing season: Pay zero tax on Rs 10 lakh annual income; know calculations here
ITR filing season: To avail of income tax benefits on income up to Rs 10 lakh, you will have to switch to the old tax regime. In this, you can claim many types of deductions and save income tax on many types of earnings.
One can open a single or a joint MIS account with a minimum investment of Rs 1,000. The scheme offers 7.4 per cent interest annually payable monthly. A guardian on behalf of a minor or a person of unsound mind, and a minor above 10 years old, can in his own name. If you are opening a single account, the maximum deposit will be Rs nine lakh. If you are opting for a joint account, the maximum deposit will be Rs 15 lakh.
Baja Finservs Q1 FY25 net profit up 10% at 2,138 cr
Bajaj Finserv Limited (BFS) reports 10% increase in Q1 net profit, holding company for Bajaj group financial services
Karnataka Bank Q1 net up 7.99 per cent
Gross NPAs of the bank declined to 3.54 per cent
Old vs New Tax Regime: Salary above Rs 8 lakh and beyond? This regime will do wonders for you
Old vs New Tax Regime: The old tax regime provides deductions under Sections 80C, 80D, 80TTA of the Income Tax Act, 1961, while there are no such deductions under the new tax regime.
Income tax changes in Budget 2024: 10 things individual taxpayers should know
Piramal Capital raises $300 million through overseas sustainability bonds
The demand for the bonds reached $1.3 billion, signifying strong investor interest.
Tap RBI channels to sustain National Rural Credit Fund, demands AINBEA
Will facilitate cheaper credit flow to rural farm and non-farm sector through cooperatives, Regional Rural Banks
Finance Minister Nirmala Sitharaman increased the long term capital gains tax (LTCG) from 10 per cent to 12.50 per cent and the short term capital gains (STCG) tax from 15 per cent to 20 per cent. There is one relaxation for mutual fund investors with a holding period of more than a year. The exemption limit has been increased from Rs 1 lakh to Rs 1.25 lakh.
Latest income tax slab rates under new tax regime and old tax regime: A comparison
Budget 2024: A big push for MSMEs
Budget boosts MSMEs with credit guarantee scheme, Mudra loan increase, TReDS expansion, and SIDBI branch expansion for growth
Regulated entities need to assess the reliability, security, and regulatory compliance of their third parties to ensure that they meet the required standards
RBI Deputy Governor urges regulated entities to improve customer service, transparency, and responsiveness to complaints for customer satisfaction
IOB posts 27% rise in Q1 profit, asset quality continues to improve
Plans to raise up to 5,000 crore capital through QIP, FPO, or other modes this fiscal year
As per value Research data, the large-cap category has given a 36.69 per cent return in one year, 18.69 per cent in three years, and 18.50 per cent in five years.
Personal Loans Vs EMI: Which is better for buying a new phone? Find out
Personal Loans Vs EMI:While EMI plans are a popular choice, personal loans offer greater flexibility, potential cost savings, and long-term benefits.
IDBI Banks Q1 FY25 net profit up 40%
Write-back in provisions on NPAs and investments support the bottrromline; Net interest income and other income decline.
UPI One World can now be used by all inbound international travellers
UPI One World can now be used by all inbound international travellers
5 banks that offer up to 7.55% interest rates on 3-year FDs
5 banks that offer up to 7.55% interest rates on 3-year FDs
BoB launches Generative AI-powered virtual relationship manager and credit line on UPI
BoBs GenAI-powered VRM offers real-time information on bank products and services, while capturing customer needs for specific banking services
This stock gave 44.3% return last year; should you invest now? Know what analysts say
Star Cement is likely to benefit from the growing cement demand in the infrastructure, construction and housing sectors. A recent HDFC Securities report states that the company remains in a sweet spot owing to the rising share of low-cost green power and timely expansions. It expects the balance sheet to remain extremely comfortable (despite ongoing expansions), with net debt to EBITDA of less than 1 during 2023-24 and 2026-27.
Stocks to buy: Bet on stocks favoured by institutional investors; 5 stocks with up to 39% upside
We have identified stocks where both domestic mutual funds and foreign investors have increased stakes on quarter-over-quarter and year-on-year basis. There are 377 stocks with market caps greater than Rs.500 crore that have declared their June quarter shareholding pattern. Of these 40 have seen a rise in stake by both domestic funds and foreign investors. Here are five of these 40 stocks that are covered by several analysts and are showing strong potential for double-digit share price growth.
Special FDs with up to 8% interest rate: These 4 banks special FDs will end on September 30
Special FDs interest rates: Several major banks, such as State Bank of India (SBI), IDBI Bank, Indian Bank, and Punjab & Sindh Bank, have introduced special fixed deposit schemes with appealing interest rates for a limited period. It's important for potential investors to take note of the deadlines and consider investing before the offers expire. Let's take a closer look at these unique fixed deposit offerings and their corresponding deadlines.
