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2 mins read

Mumbai biz couple invests Rs 1,100 cr in SpiceJet for 19% stake

In a strategic move to bolster SpiceJet's financial position and spur growth, Mumbai-based business…

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3 mins read

India ranks 3rd in millionaire outmigration in 2022, but it’s still churning out more millionaires than it is losing: Henley & Partners

After a pandemic break, the trend of millionaires moving out of their home countries, looking f…

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4 mins read

The Indian rich is buying property in Dubai – Tax benefits to rental yields, the driving forces at play

After the COVID pandemic got over, the real estate market has been going from strength to strength …

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4 mins read

Minority shareholders must grin and bear it when promoters wash dirty laundry in public

The Raymond family drama has taken its toll on minority shareholders of the company because this ca…

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3 mins read

Debt schemes of MFs lose edge over bank deposits as Budget proposes to scrap LTCG & indexation benefits

With the change in taxation, distributors and advisors are rushing to lock in large amounts of inve…

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2 mins read

Domestic investor holding hit an all-time high in June quarter: Prime database

Share of domestic institutional investors (DIIs), which includes domestic mutual funds, insurance c…

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3 mins read

India’s super rich will double to 1.6 million by 2027: Knight Frank

Even as the number of HNIs and billionaires in India grew in 2022 from the year before, UHNIs dippe…

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2 mins read

Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%

Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out o…

PTI   


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3 mins read

Taxability of employee benefits may decide which tax regime makes more sense for you

When deciding between the old and the new tax regimes, most of us will consider the most common ded…

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4 mins read

Markets are waiting for the Fed hike: Arun Kejriwal

The Indian Rupee gained 6 paisa or 0.08 per cent to close at Rs 79.74 to the US Dollar. Dow Jo…

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8 mins read

Small is the new big: SME IPOs double in 2022, while mainboard IPOs halve

In 2022, 108 SME IPOs were launched as against 60 last year while only 36 mainboard IPOs were la…

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2 mins read

IPO fundraising in India halves in 2022

Forty Indian corporates raised ₹59,412 crore through main board IPOs in the calendar year 2022, hal…

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3 mins read

Gold likely to reach ₹70,000 levels by year end

On Monday, gold breached levels of ₹60,000 for 10 gms. In the international markets too, it crossed…

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1 min read

Chingari raises $15 million to enhance tech, launch new features

The app is planning to soon launch its live-streaming, socio-commerce and audio chat features. …

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8 mins read

Top stocks: Here’s what the Big Boys bought between October and December

Foreign investors are largely buying financial sector stocks and some new age companies like Nyk…

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4 mins read

20% tax on foreign remittances make foreign investments unviable for retail investors

Budget announcement of 20% tax on foreign investments to make investments in the US markets less ap…

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2 mins read

Bank FDs will draw down from mutual funds if interest rates go up to 7.5-8%, says report

If banks raise interest rates on fixed deposits to 7.5-8%, there could be a flight to these product…

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3 mins read

Domestic market ownership rises for fifth quarter in a row to 24.44% in December 2022

In September 2022, the share was 24.25 per cent, according to data collated by market informati…

PTI   


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3 mins read

India’s growth story more promising than other EMs, says market veteran Nilesh Shah

Nilesh Shah, MD & CEO at Kotak Mahindra AMC highlights how the Indian economy has turned attractive…

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4 mins read

Happy New Year 2023 messages and wishes

It is time to celebrate the arrival of another new year in our lives. New Year 2023 is almost upon …