Manking Personal Finance Easy
The outflow of foreign portfolio investors (FPI) in the recent past should not be attributed to the SEBI circular on detailed disclosures, a senior official said on Friday. FPIs with assets exceeding ₹25,000 crore or meeting a concentration criterion of more than 50 per cent of their assets under management invested in a single business…
Kamath stepped down as head of the fixed income division of the mutual fund segment in 2023 to head the newly created Alternatives division. According to a private presentation accessed by Mintthe AIF will only provide loans to financial service providers and aims for an internal rate of return (IRR) of 11% to 14%. Franklin…
Kalyan Jewelers share price: After reaching an all-time high of ₹795.40 per piece on the NSE, the jewelery stock has been on a continuous downward trend since then. The share price of Kalyan Jewelers ended at ₹502.20 per share on the NSE on Friday, down about 37 percent YTD. However, the jewelery brand has become…
US funds are leading the withdrawal of money from India, with $2 billion in outflows since October, data from Elara Securities shows. US funds saw foreign inflows of $6 billion last week, while another $6.6 billion came from domestic funds. This is symptomatic of the shift in capital flows from emerging markets (EMs) to US…
The government is likely to introduce a new income tax bill in the upcoming budget session of Parliament that aims to simplify the current IT Act, make it understandable and reduce the number of pages by about 60%. Finance Minister Nirmala Sitharaman in her July budget had announced a comprehensive overhaul of the six-decade-old Income…
Mumbai: Markets regulator Securities and Exchange Board of India (Sebi) has reached a settlement against several executives and independent directors of One97 Communications Ltd, the parent company of fintech firm Paytm, for alleged violations of securities laws. The case filed in 2023 alleges violations of Sebi’s Listing Obligations and Disclosure Requirements Regulations (LODR Regulations) and…
In financial year 2023-24, the new tax regime became a standard regime. This shift has led many taxpayers to wonder whether traditional tax-saving investments such as PPF (Public Provident Fund), NSC (National Savings Certificate), Post Office Savings Schemes and NPS (National Pension System) are still relevant for investment purposes. The tax saving instruments, which were…
Target: ₹9,835 CMP: €8,173.35 Shilchar Technologies operates in the niche segment of manufacturing transformers, particularly inverter duty transformers (IDT) and distribution transformers, and focuses primarily on the renewable energy sector (solar and wind energy). It has the capability to produce transformers rated at up to 132 kV, although the focus remains on producing transformers rated…
