T V Mohandas Pai, former CFO and board member at Infosys, has once again slammed tax authorities and the central as well as state governments for “oppressing” taxpayers and hounding them with “tax terrorism”. Tax terrorism refers to a situation when the process of tax collection becomes so complex and harsh that ordinary citizens get
For the second time in a row, Reserve Bank of India (RBI) Governor Sanjay Malhotra has announced a cut of 25 basis points, i.e. 0.25%, in the repo rate, the interest rate at which the central bank lends money to commercial banks. This decision was taken after a three-day meeting of the Monetary Policy Committee
Retirement planning and securing a regular income during the later stages of life are crucial. While many investors are familiar with Systematic Investment Plans (SIPs), fewer take advantage of another effective strategy — the Systematic Withdrawal Plan (SWP). Offered by mutual funds, an SWP allows investors to withdraw a fixed amount at regular intervals. This
Now you do not need to go to the bank or center to invest in mutual funds. India Post has launched a new facility in collaboration with Nippon India Mutual Fund, in which KYC (Know Your Customer) verification will be done at your doorstep. This is a big relief especially for those who are elderly
According to SEBI, Sectoral/Thematic Funds are open-ended equity mutual funds that invest a minimum of 80% of their assets in a particular sector or theme. Each scheme must clearly specify the sector/theme it will focus on for investments. These schemes also have the flexibility to invest across the market cap range, viz., large-cap, mid-cap, and small-cap
In the last one week, there has been a sharp decline in the international mutual funds triggered by sharp sell-offs in equities globally after US President Donald Trump announced reciprocal tariffs on some major economies, including China, the EU and India. In response, Europe and China also announced higher tariffs on the US, further escalating
Real estate major Tribeca Developers, the world’s largest developer of Trump-branded projects, has established Trilive, India’s first rental housing development platform, and has launched its inaugural project in Andheri, Mumbai. Partnering with Housr, the nation’s leading luxury co-living operator, Trilive aims to cater to the housing needs of millennials across India’s top cities. For its
Prices of real estate in the surrounding areas of Jewar airport in Noida have nearly doubled in the last three years with property developers vying with one another to pick up land parcels. About 390 acres of land near the Noida International airport, along the Yamuna Expressway, has been snapped up in last 12 months, according
Reliance Jio continued to lead the monthly mobile subscriber additions for the second month in a row, registering 2.17 million new users in March, according to the data released by the Telecom Regulatory Authority of India (Trai). Bharti Airtel, country’s second largest telco, added 1.25 million subscribers during the month. After losing 20,720 subscribers in
Tension between India and Pakistan continues to grow in the aftermath of Operation Sindoor. However, the markets have shown a significantly mature reaction to the uncertainties across the border. The indices are in wait and watch mode but that doesn’t mean that the market is short of bargain buys. Leading brokerage house, Motilal Oswal has
Taxpayers can now file their returns for the recently concluded financial year using several forms notified recently by the Central Board of Direct Taxes. The Income Tax Department has officially released ITR Forms 1 to 5 over the past fortnight — with the other documents expected in the coming days. Several changes have been introduced
KFC, Pizza Hut operator Sapphire Foods on Wednesday released its fiscal fourth quarter earnings report wherein profit remained flat at Rs 2.02 crore. It posted revenue from operations at Rs 711.34 crore. This was 12.61 per cent higher in comparison to Rs 631.70 crore recorded during the corresponding quarter of FY24. The company EBITDA stood
