VALUATIONS SENSEX PE Ratio 24.75 NIFTY PE Ratio 22.96 Source: NSE and BSE BSE SENSEX 66459.31 -68.36 -0.10% NIFTY 50 19733.50 -20.30 -0.10% NIFTY Bank 45592.50 -58.60 -0.13% BSE MID CAP 30349.34 -70.41 -0.23% BSE SMALL CAP 35177.85 175.53 0.50% GOLD (Rs./ 10 gm) 59,033.00 -535.00 -0.90% SILVER (Rs./kg) 74,088.00 -1,339.00 -1.78% USD/INR 82.29 +0.03 …
Recently, Jio Financial Services (JFS) & investment giant BlackRock has joined hands to their new venture Jio BlackRock that will focus on digitized investment solutions worth 300 million initially. As per the President and CEO, JFS Hitesh Sethia, “The partnership will leverage BlackRock’s deep expertise in investment and risk management along with the technology capability …
Jio Financial Teams Up with BlackRock to Form an Asset Management Company Read More »
We already know filing an ITR for income tax return is a prerequisite for individuals eligible under the income tax slab. However, there can be other more benefits than recording your income & expense in the government portal that the taxpayers get. Filing an ITR gives impeccable tax deductions for some individuals, which ultimately make …
How do I File an ITR File? A Comprehensive Guide! Read More »
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 »
Corporate Venture Capital or CVC is a well-known concept in the investment world. It refers to a type of venture capital that involves a corporation investing in a Startup or early-stage company that has long-term potential. CVC has become extremely popular as a means to stay comparative in different market industries. It is a strategic …
CVC- Corporate Venture Capital: All You Need to Know! 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 »
