The Union Budget 2024, presented in July this year, introduced some major changes to the tax rules for mutual fund investments, impacting both short-term and long-term capital gains. Investors selling mutual fund units within a year will now face a higher tax rate on their profits. For those holding investments for over a year, the
Zomato Q2 Results 2024: As Zomato gears up for its Q2 FY25 financial results, here’s everything you need to know about the date, time, and how to tune in for the live earnings call. Date of Zomato Q2FY25 Results Mark your calendars! The Board of Directors of Zomato will convene tomorrow, October 22, 2024, to
By Ajit Mishra The markets remained under pressure for the third consecutive week, losing nearly half a per cent as the corrective phase continued. While the benchmark indices initially showed signs of recovery, persistent selling by FIIs and a lacklustre start to the earnings season weighed on sentiment, turning the bias negative. A recovery in
By Anand James FIIs increased their Future Index Long positions by 0.65% on Friday, while reducing their Future Index Short positions by 2.02%. Despite being feeble, the rise in index future longs is noteworthy, as it is the first such increase, since 27th September. Meanwhile, there is no reason to go overboard on the prospects
The BJP has announced Navya Haridas as its candidate for the upcoming Lok Sabha by-election in Wayanad, Kerala, where she will face off against Congress leader Priyanka Gandhi Vadra. This by-election was necessitated after Congress leader Rahul Gandhi, who had won both Wayanad and Raebareli, chose to retain the latter. Navya Haridas, currently the State
Mahindra launched the Scorpio Classic Boss Edition a few days ago, ahead of the festive season. The new Mahindra Scorpio Classic Boss Edition gets a few add-ons compared to the stock version and these are from the dealer level and not from Mahindra directly. Let’s take a closer look at what the Mahindra Scorpio Classic
The Land Cruiser nameplate holds great significance for Toyota as it is one of the true blue 4×4 SUVs remaining in the international market. Besides the Land Cruiser, Toyota also offers the Land Cruiser Prado, a slightly smaller but equally capable machine, in multiple countries. The latest iteration of the Prado, based on the LC300
Porsche, to celebrate 25 years of the GT3, has updated the 911 GT3 and the 911 GT3 Touring for this year, with mechanical changes, design updates, and optional extras. Porsche claims that the 911 GT3 will offer a “more exhilarating” experience, so let’s take a look at what’s changed. New Porsche 911 GT3 — What
Marcellus Investment Managers has seen its Portfolio Management Services (PMS) assets under management (AUM) decline sharply by 64% from Rs 12,704 crore in October 2022 to Rs 4,734 crore currently. The primary reason? Valuation missteps in stock selection, as acknowledged by the firm itself. In a post on social media platform X, Kanan Bahl, CA
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
