In the world of investing, you will probably find only a handful of people who have managed to achieve ‘legend’ status. Warren Buffett is one of them. 94-year-old Buffett, who now has a personal fortune of over $140 billion, transformed investing into an art and discipline. His ideas – which he has shared over the
IKEA has opened its first store in the national capital, a 15,000 sq ft space in west Delhi’s Pacific Mall, as the Swedish home-furnishings giant accelerates its push into high-footfall urban locations. ALSO READFrom Taj to Ginger: Inside Indian Hotels’ Rs 204 crore mid-scale play Part of a wider omnichannel push The move follows the
Capital markets regulator SEBI has banned Dewan Housing Finance Corporation Ltd’s former Chairman and Managing Director, Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the stock markets for up to five years and slapped a penalty of Rs 120 crore on them for diverting funds and fabricating books. They have also been barred from
The Reserve Bank of India has announced Sovereign Gold Bonds (SGB) 2019-20 Series-IX and 2020-21 Series-V premature redemption date. The investors can opt for premature redemption on August 11, at Rs 10,070 per unit. The maturity period of SGBs is 8 years. The early redemption is allowed only after the fifth year from the date
The government is considering further easing the norms for setting up petrol pumps in the world’s fastest-growing fuel market, in light of the evolving energy security paradigm and commitment to decarbonisation, according to an official order. The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies
Shares of several companies, such as Reliance Industries, Jio Financial Services, ICICI Bank, Container Corporation of India, InterGlobe Aviation, and others, are likely to trade ex-dividend next week, according to BSE. Several major companies have declared a range of corporate actions, such as bonus issues, stock splits, share buybacks, and more. What is an ex-dividend
Most of us make a mistake when planning for retirement – underestimating the impact of inflation. We think that the amount we are saving today will be enough to meet our needs after retirement. But the reality is that inflation reduces the purchasing power of money year after year. Today, we will understand this through
India achieved 20% ethanol blending in petrol last month — marking a nearly 13x increase over the past 11 years. The milestone has garnered a mixed response, with many vehicle owners expressing concern about its impact on car performance. Top government officials have also come forward to debunk claims around vehicle safety and engine performance. Pricing
SBI Life has launched a term insurance plan called ‘SBI Life – Smart Shield Plus’, designed for consumer’s evolving insurance needs, the insurer said in a statement. Claiming to have some ‘future-ready features’, the term insurance plan comes with an increasing cover, whole life protection and optional benefits, it said. “This individual, non-linked, non-participating, pure
VinFast’s founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to break even by the end of 2026.The deal will involve Novatech Research and Development JSC, a Vietnam-incorporated entity, being carved out of VinFast
Regaal Resources IPO was subscribed 159.88 times on the final day of bidding on August 14. The issue received 335 crore bids for the offered 2.09 crore equity shares. Regaal Resources IPO’s Non-Institutional Investors portion was subscribed 356.73 times, receiving 160 crore bids for 44.9 lakh shares. The issue’s Qualified Institutional Buyer portion was subscribed
In the world of investing, you will probably find only a handful of people who have managed to achieve ‘legend’ status. Warren Buffett is one of them. 94-year-old Buffett, who now has a personal fortune of over $140 billion, transformed investing into an art and discipline. His ideas – which he has shared over the
IKEA has opened its first store in the national capital, a 15,000 sq ft space in west Delhi’s Pacific Mall, as the Swedish home-furnishings giant accelerates its push into high-footfall urban locations. ALSO READFrom Taj to Ginger: Inside Indian Hotels’ Rs 204 crore mid-scale play Part of a wider omnichannel push The move follows the
