The appeal of India’s Tier 2 and Tier 3 cities is significantly influencing the real estate sector, spanning from tranquil areas to thriving urban centers. Factors such as a burgeoning population, swift urbanization, and enhanced infrastructure are drawing not only new residents but also developers keen to explore the vast opportunities these cities present. Economic
Question: I am a salaried employee and have invested in foreign Exchange Traded Funds (ETFs). I understand there have been recent changes to the tax treatment of foreign ETFs. Could you kindly provide clarification on how these changes may impact the taxability of my investments? Response given by CA (Dr.) Suresh Surana: In accordance with
In the era of globalisation, you have access to global markets and the opportunity to invest in international companies. You can invest in global companies either by directly investing in US stocks or through international mutual funds, which invest in foreign companies. Depending on one’s risk appetite, investing directly in US stocks can offer a
ASK Property Fund, KREEVA, and Shapoorji Pallonji Real Estate have jointly declared an investment exceeding Rs 270 crore in a luxury residential project located in Gurugram. This amount represents the initial funding for the collaborative development endeavor. Situated in Sector 46, Gurugram, and encompassing 1.74 acres, this luxury housing initiative aims to transform the urban
The Life Insurance Corporation of India (LIC) has launched Golden Jubilee Scholarship Scheme 2024 for students from economically weaker sections, with an aim to provide them higher education and employment opportunities. Them last date for submission of application is December 22, 2024. Students studying in a government or private university can apply for this LIC
Mirae Asset Mutual Fund has announced the launch of two new schemes: Mirae Asset Nifty India New Age Consumption ETF and Mirae Asset Nifty India New Age Consumption ETF Fund of Fund. These schemes aim to offer investors a chance to participate in India’s evolving consumption landscape, driven by changing demographics and increased discretionary spending
The prospect of obtaining a loan without interest may appear unrealistic. Nevertheless, there are particular circumstances in which interest-free loans are available. These alternatives are intended for specific purposes or demographics. Although such loans are accompanied by certain stipulations, they can offer considerable financial assistance when utilized judiciously. No-Cost EMIs for Consumer Goods Interest-free loans
Pension funds represent long-term investment vehicles designed to ensure a reliable income stream in the future. For individuals preparing for retirement, investing in pension funds can be a prudent choice, as they typically yield consistent returns. In India, there are numerous benefits associated with investing in pension funds. To begin with, these funds provide tax
The Centre recently announced the PAN 2.0 project, raising numerous questions among existing PAN holders about the fate of their current cards, the cost of obtaining a new one, and the features included in the updated version. One of the most talked-about features of the new PAN card is the QR code. While many assume
Indian Railways is considering a total of 1,318 railway stations for redevelopment under the Amrit Bharat Station Scheme. Initially, the government planned to implement most station redevelopment projects through the Public-Private Partnership (PPP) model, which was expected to contribute around 12% to the National Monetisation Pipeline (NMP) target. However, due to limited participation in PPP
The Indian cement industry is expected to witness a robust recovery in the second half of FY25, stated a report by Motilal Oswal Financial Services Ltd (MOFSL). This, it added, will be driven by pent-up demand, a rebound in government capex, and sustained momentum in the real estate and housing sectors. During October-November 2024, industry
Crude oil prices increased marginally on December 23, after the release of US economic data showing a slowdown in inflation. Brent crude futures increased by 26 cents, or 0.4 per cent, and touched $73.20 per barrel. Similarly US West Texas Intermediate (WTI) futures climbed by 31 cents, or 0.5 per cent and reached $69.77 per
The IPO of Carraro India and Senores Pharmaceuticals will close on December 23. Senores Pharmaceuticals was fetching a premium of 55% in the grey market while the stocks of Carraro India were neither attracting a premium nor a discount. Both the IPOs opened on December 20. If you’re perplexed which one to bet on? Here