FPIs are also aggressively investing in India. As on July 3, 2023, FPI inflows stood at Rs 11,791.86 crores, extending the investments green run into a consecutive 6th month.
The government has deferred implementing the 20% TCS rate on LRS for other purposes till October 1, 2023. For now, credit card spends overseas has been removed from the ambit of LRS
Mohanty noted that guarantees come at a cost, albeit with relatively lower returns. Staying invested in markets for the long-term is bound to deliver handsome returns.
Mohanty noted that guarantees come at a cost, albeit with relatively lower returns. Staying invested in markets for the long-term is bound to deliver handsome returns.
Under Indian laws, every company has to transfer the underlying shares and all unpaid dividends on it to the IEPF account within 30 days, if these dividends have stayed consequentially unclaimed for 7 years
Improved financials, strong cost-cutting measures and concerted efforts to achieve profitability have yielded positive results, which is showing on their balance sheets. But don't rush to buy these stocks just yet.
While investor participation in the market has been sobering since July 2022, there has been a significant uptick in investment via systematic investment plans (SIPs). The share market is also bearing the brunt of record levels of profit booking.
Indian markets are currently experiencing a bull run. Most people would look to exit now, book a handsome profit and stop their SIPs. Don't be most people. Stay invested in the market to reap the most of it.
In what can be seen as a ray of hope amidst the bleak jungle of endless regulatory crackdown on prominent crypto exchanges like Binance and Coinbase, Fed chair Jerome Powell referred to stablecoins as a “form of money”
The department of road transport and highways has decided to not hike third party premiums this year. Third-party insurance is legally mandatory for every car, bike or other motor vehicle to drive on Indian roads.