Recently, the research by domestic brokerage firm ICICI Direct published data where it projected that in the upcoming 6-9 months of the pre-election & post-election, the benchmark headline index will hit the 21,000 mark. The ICICI Direct said, “Indian equity markets have also highlighted certain characteristics depending upon the election cycle that is currently prevalent.” …
Recently in the GST Council Meet in New Delhi, a 28% hike on online gaming and horse racing, and casinos were introduced in full volume. Partner of N.A Shah Associates said, “GST of 28% on the full value of bets on online gaming, horse racing and casino will be a major damper in the gaming …
The GST Council Impose 28% GST Tax on Online Gaming, Horse Racing and Casinos Read More »
Groww, the popular online investment platform has successfully completed the acquisition of Indiabulls Mutual Fund Business, making a significant milestone in the company’s growth trajectory. With the acquisition for ₹175.62 crore, the business has carried housing finance’ hundred percent acquisition. With the addition of Indiabulls Mutual Fund Business, Groww now offers a wide range of …
In recent news, HDFC Bank ties with HDFC Ltd. creating a Mega Merger on July 1, 2023. Taking over its parent company HDFC (Housing Development Finance Corporation), HDFC now becomes the only major, making the home finance company cease to exist. This tie-up makes them the world’s 4th largest lender totaling $172 billion, after JPMorgan …
Big News: HDFC Bank Merged with HDFC Ltd. & becomes 4th Largest Lender in the World Read More »
Recently, the 30-share BSE broke record by reaching all-time high 64,050.44 on Wednesday, 28 June. The main driving factors are gains in automobiles, banks, PMI, domestic air passenger & GDP. As a result of a 1% increase in trading, the Sensex achieved an all-time high of 64,050.44 points, while the Nifty rose 1.03% to 19,011.25. …
Sensex Breaks Record to Reach All-time High 64,050.44 Nifty Touched 19,011.25 Read More »
The new plan that LIC launched 23.06.2023 is a close-ended single premium plan (869) with combination of protection and savings. The policy conveys assured returns in case of unfortunate death of the life assured. It is a Non-linked, non-participating, individual savings plan. Thus, it guarantees no future premium or no lapsation option after the death …
LIC Launches Dhan Vriddhi Plan for Single Premium Life Assured Read More »
Recently, BSE (Bombay Stock Index) listed its top 30 companies in BSE Sensex, which made new record high gains in the stock of publicly traded companies. FPIs (Foreign Portfolio Investors) and domestic institutions bought shares worth Rs. 4,013 and Rs. 550.36 respectively. On June 21, India’s benchmark stock index reached the new record high of …
Equity is the Only Asset Class That Will Help You Create Wealth Over A Long Time Read More »
Among the top 15 distributors, NJ India Invest topped with 1,298 crore 12% share of total industry commission. Following that, SBI and HDFC acquired 735 crore and 581 crore gross commissions respectively. Axis Bank and Prudent corporate advisory services raised 5% and 4% share with 538 and 441 crores respectively. Following that, ICICI bank and …
The Indian tyre manufacturer company MRF ( Madras Rubber Factory) became the first Indian company to cross the whopping 1.95 lakh per share on 13th June. Till now the stock has rallied 12.89%. Also, interestingly MRF becomes the second strongest tyre brand of the world as reported by Brand Finance, an UK based brand valuation …
India’s First Company to Hit 1.95 lakh Earmark – MRF is Now Buzzing in the Share Market Read More »
In a recent viral video statement by shark tank judge Ashneer Grover has triggered on the internet slamming the government’s tax policy. He believes the tax policy of the government to be too much asymmetrical with the earnings of the taxpayers. Grover, the previously serving CEO of Bharatpe, referred to the government tax policy as …
“Taxpayers Are Doing Charity in the Country?” – Ashneer Grover Read More »
