Recent articles

Tanushree Jaiswal || What’s happening with Paytm COO? In regulatory filing on May 4, digital payments & financial services company Paytm announced resignation of Bhavesh Gupta, its president & COO. As to document, Gupt announced in letter that his resignation would take effect on May 31 at latest, at closing of work hours. Nonetheless, he stated that he intended to be involved with business as advisor in CEO's office. Gupta acknowledged strong leadership in payments & financial services that Paytm has achieved over past few ye

Tanushree Jaiswal || How’s IPL Team Doing Financially? Indian Premier League (IPL) has been prominent cricketing event, captivating audiences worldwide since its inception. However, recent financial data suggests concerning trend of declining revenues for IPL teams, indicating potential challenges ahead. Here's breakdown of revenue drop for each team, based on provided financial information: Chennai Super Kings (CSK) - MS Dhoni's Team FY19 Revenue: ₹ 418 crore FY23 Revenue: ₹ 359 crore Drop in Revenue: ₹ 59 crore Mumbai Indians -

Tanushree Jaiswal || What’s happening with Kotak Mahindra Bank Manian, who spent almost thirty years working for Kotak Mahindra Bank, recently resigned from his role as Joint MD. Manian stated he is "excited about his future professional options" in his resignation letter, but he did not provide any other information. Manian was considered most likely candidate to succeed Uday Kotak, who announced his resignation as CEO of Kotak Mahindra Bank in September 2023. Earlier this year, outsider candidate named Ashok Vaswani was selected in its pl

Tanushree Jaiswal || Royal Challengers Bangalore sealed their maiden IPL triumph after a 16-year hiatus, but what's more riveting is the narrative behind this victory—women spearheaded their charge to glory. This win marks a monumental shift in the cricketing paradigm, especially for women's cricket in India. The spotlight on women's cricket has intensified this year, with fervent crowds filling stadiums to cheer for their favorite teams. It all began with BCCI's groundbreaking announcement in October 2022, heralding the launch of the Women'

Tanushree Jaiswal || ChatGPT can code your website. Another AI tool, Midjourney AI, can generate an image of Kareena Kapoor riding a bicycle just by responding to a prompt. AI tools are now doing things that were once hard to imagine. They're changing voices, analyzing documents, and potentially revolutionizing various industries. But can AI also pick your stocks? To find out this. A financial comparison site called finder.com conducted an experiment. They asked ChatGPT to create a stock portfolio following investment principles from reputab

Prakarsh Gagdani || Bucking media opposition, popular perception and Hillary Clinton’s campaign, Donald Trump has emerged as the 45th president of the United States of America. With Trump in the White House now, his agendas which formed basis for his win will have implications on India. These would result from his New Tax Plan, plans to bring jobs back to America, the Energy plan and his views on terrorism. The most prominent impact would be felt by the India IT companies as major portion of these companies’ revenues come from the outsourcin

Tanushree Jaiswal || Marico Ltd Stock Movement of the Day Why Marico Ltd Stock is in Buzz? Marico Ltd. posted a consistent Q4FY24 performance, exhibiting year-over-year increase in multiple significant financial categories. When compared to the same period last year, the quarter's total sales of Rs 2,278 crore represented a slight increase of 1.69%. A solid earnings before interest, depreciation, and tax (EBIDT) of Rs 442 crore, or a noteworthy 12.5% year-over-year rise, was made possible by this growth in sales. In Q4FY24, the

Tanushree Jaiswal || BRITANNIA Stock Movement of Day Why Stock is in BRITANNIA Buzz? Britannia Industries' shares experienced significant surge of nearly 10% to ₹ 5,199.60, marking its sharpest intra-day rally in past 18 months. This surge was primarily fueled by expectations of improved outlook for company. Additionally, announcement of final dividend for financial year ended March 31, 2024, further boosted investor sentiment. Shall I Buy BRITANNIA Stock? & Why? Britannia Industries' robust performance in face of challeng

Tanushree Jaiswal || IFCI Ltd Stock Movement of Day Why IFCI Ltd Stock is Trending? Industrial Finance Corporation of India (IFCI) stock has been generating significant buzz in market due to its remarkable performance & strategic initiatives. buzzing stock IFCI Ltd, with recent developments & positive outlook, investors are closely monitoring IFCI as potential investment opportunity. Stock in Trend - IFCI Stock’s Fundamentals 1. Profit Turnaround IFCI reported significant profit of ₹128 crore, After seven consecutive

Tanushree Jaiswal || Trent Ltd stock movement of Day Why Trent Stock is in Buzz? Trent Limited, retail arm of Tata Group, has seen surge in its stock price after reporting remarkable financial performance for fourth quarter ended March 2024. Company's consolidated net profit saw multi-fold increase, rising from ₹ 45 crore in previous year to ₹ 712 crore in Q4FY24. This surge in profit is primarily attributed to one-time gain of ₹ 543 crore resulting from reassessment of lease contracts. Additionally, revenue from operations soar

Ruchit Jain || Nifty continued its corrective move as INDIA VIX rallied further leading to nervousness amongst market participants. The index breached the support of 22300 during the day, but managed to close just above it with a loss of over half a percent. Nifty Today: In last three trading sessions, the rise in INDIA VIX and negative market breadth has led to a correction of over 500 points in the Nifty index. The RSI oscillator on the daily chart had given negative crossover on Monday hinting at weak momentum. The index is now tra

Ruchit Jain || Nifty traded within a narrow range at the start of the week, but a lot of sector specific momentum was seen on both the sides of the trade. The market breadth was more in favor of declines while the index ended below 22450 with a marginal loss. Nifty Today: Post the sharp sell off from the highs on Friday last week, Nifty consolidated in a range but the volatility index (INDIA VIX) rallied by another 13 percent on Monday. Rise in VIX and negative market breadth indicates nervousness amongst market participants. Nifty ha

Ruchit Jain || Nifty started the last trading session on a positive note, but it witnessed significant selling pressure from the previous resistance of 22770-22800 zone. The index corrected sharply upto 22350 level, and then recovered marginally to end the week just below 22500. Nifty Today: Nifty registered a new record high in the week gone by, but the volatility has been on the rise as the index is witnessing stiff hurdle around 22800 mark. In last one month, the index has been unable to surpass this hurdle inspite of positive mome

Ruchit Jain || Nifty traded in narrow range with a positive bias in Thursday’s sessions while the banking index witnessed some correction. Nifty ended the day around 22650 with marginal gains, while the banking index corrected by about one-third of a percent. Nifty Today: Post the mid-week holiday, our markets witnessed a range bound move while stock specific momentum was seen on both the sides of the trade. FII’s have turned net buyers in the index futures segment and hence their long short ratio has improved to over 70 percent. The

Tanushree Jaiswal || A Short Term Fixed Deposit (FD) is a popular investment vehicle for those looking to earn a higher rate of interest on their savings for a short duration. Typically extending from 7 days to a year, short-term FDs ensure capital safety while offering better returns than regular savings accounts. They are ideal for individuals planning for imminent financial goals or those who wish to park surplus funds temporarily. With the flexibility of tenure and the assurance of fixed earnings, these deposits strike a balance between liq

Tanushree Jaiswal || Senior citizens often look for safe investment avenues to park their retirement funds, and Fixed Deposits (FDs) are a popular choice due to their stability and predictable returns. Recognizing the need to offer financial security to the elderly, banks and financial institutions provide higher interest rates on FDs for senior citizens compared to the general public. These enhanced rates help seniors earn more from their savings, aiding in managing their post-retirement expenses more effectively. Senior Citizen Fixed Depos

Tanushree Jaiswal || In 2024, Post Office FDs remain a popular choice for secure savings. Offering competitive interest rates, these government-backed fixed deposits provide a risk-averse option for individuals aiming to preserve and grow their capital. Investors can benefit from the stability and predictability of returns over various tenures, making Post Office FDs an essential part of a diversified investment portfolio. With recent rate revisions, they are an attractive avenue for those seeking reliable growth in a fluctuating economy. Wh

Tanushree Jaiswal || A Monthly Interest Payout Fixed Deposit is a savvy investment for those seeking a regular income. By locking in a lump sum, investors earn interest monthly, providing a steady cash flow that's particularly beneficial for retirees or anyone requiring consistent financial support. It's a safer bet compared to equities, albeit with potentially lower yields than cumulative FDs. These deposits offer the security of fixed returns and the flexibility to meet monthly expenses without eroding the principal amount. While the interest

5paisa Research Team || Nifty registered a new record of 22500 during last week, but it witnessed some profit booking at the start of this week and ended the day above 22300 with a loss of about three-fourths of a percent. In Monday’s session, our markets witnessed profit booking at the start of the week where the small cap index corrected by a couple of percent. As of now, this dip seems to be a correction within an uptrend as the technical indicators are still positive and the index is trading above its crucial supports. In the deriva

5paisa Research Team || Nifty started the first day of the week around 22400 and traded within a narrow range throughout the day. The index ended around the opening levels itself, thus forming a small ‘Doji’ candlestick pattern on the daily chart. After a time-wise corrective phase for about a month, our markets resumed positive momentum last week after the GDP data. The rollover in Nifty was in line with its 3-month average while the same was lower than average in the Bank Nifty. We witnessed a long formation on the first day of the ne

5paisa Research Team || Nifty started the week marginally negative and the index traded within a narrow range throughout the day. Amidst stock-specific momentum, Nifty ended the day above 22100 with a loss of less than half a percent. During last week, Nifty registered a new all-time high but momentum has been lacking since the midcap index has entered a consolidation phase. In Nifty, the recent up move has been because of some short covering and we have not seen significant long build-up. FIIs have reduced some of their net short posit

5paisa Research Team || Nifty started the week on a positive note as it surpassed the previous swing highs during the day and marked a new record high of 22186. It gave up some of the intraday gains towards the end, but managed to end the day above 22100 with gains of about four-tenths of a percent. In last one month, Nifty has gone through a time-wise corrective phase where the index resisted in the 22150-22100 range twice. However, the intermediate declines from that hurdle were not that sharp as the index took support around the 40 d

Tanushree Jaiswal || Stock markets are erratic and heavily influenced by events both domestically and internationally. Elections are no different. Any nation's election is a momentous occasion that determines the course of its future political, social, and economic development. Indian stock markets are more volatile during election seasons and are prone to election fever. Elections have an impact on financial markets, as we already know, but how this occurs is still a mystery. Let's first examine what stocks are and how they operate before delv

Tanushree Jaiswal || Stock market investment is a risk- and opportunity-filled rollercoaster. While some investors like the security of low-volatility stocks, others are lured by the excitement and chance of large profits that high-volatility equities provide. Amidst the inherent dangers and market swings, astute investors are focusing on the most volatile stocks in India's ever-changing financial environment, expecting big profits. What Do You Mean by Volatility in the Stock Market? In the stock market, volatility describes how much a

Tanushree Jaiswal || The Indian hotel sector has experienced fantastic growth and resilience over the past few years, rising as a significant provider to the country's economy. The demand for excellent lodgings and catering services has increased with the rise in domestic and foreign tourists. As we approach 2024, investors are keen to find the best hotel stocks in India that offer good growth possibilities and possible returns. What are Hotel Stocks in India? Hotel stocks in India refer to the openly traded shares of companies that own,

Tanushree Jaiswal || Thе fеrtilizеr businеss is intеgral to India's farm sеctor and which is thе backbonе of thе country's еconomy. With thе еvеr incrеasing dеmand for food grains and thе nееd for chеmicals to improvе crop output has risеn. As a rеsult buying in fеrtilizеr stocks can bе a bеnеficial chancе for invеstors looking to capitalizе on this growing business. What are Fertilizer Stocks? Fеrtilizеr stocks rеfеr to thе sharеs of companiеs that producе and sеll and or tradе in fеrtilizеrs. Thеsе companiеs makе various fеrtilizеrs inc

Tanushree Jaiswal || Beginning in April 2024, the price of gold saw a notable increase, a pattern that continues to highlight the worth and enduring appeal of this precious metal. This spike can be linked to a number of variables that have come together to drive the demand for gold to unprecedented levels. Growing tensions in the Middle East have fueled concerns about geopolitical instability, leading investors to look to gold as a traditional safe haven. In addition, there is a rising expectation that interest rates will be lowered in the US,

Sachin Gupta || “Oil Prices Slide Sharply This Week Amid Global Economic Jitters” Oil prices saw a modest increase on Friday, though they are poised to record their most substantial weekly decline in three months. This dip is attributed to lingering concerns surrounding demand and elevated interest rates, which have fueled a sell-off. However, this decline was somewhat offset by expectations that OPEC+ will continue to restrain production. The current week has been marked by apprehension among investors, who fear that sustained high i

Sachin Gupta || The cost of natural gas saw a 2.7% increase yesterday, closing at 146.90, as projections of limited feed gas demand and milder weather tempered upward momentum. Despite concerns over a significant storage surplus and reduced demand forecasts for the next fortnight, substantial price shifts were notably absent. This trend persisted despite decreased production resulting from reduced drilling activities following a price drop in February and March, and forecasts indicating colder weather ahead. In the United States, gas rig ope

Sachin Gupta || In February, global central bank gold reserves continued their upward trajectory, expanding by 19 tonnes. This marks the ninth consecutive month of growth, although the increase was notably lower compared to January, which saw a total addition of 45 tonnes. Despite the month-to-month fluctuation, the year-to-date figures show a substantial increase, with central banks collectively adding 64 tonnes over January and February, a significant rise compared to the same period in 2022. The People’s Bank of China emerged as the large

Tanushree Jaiswal || Investors love to invest in the next-generation stocks. They bet on the trends of tomorrow. One thing that the world knows for sure is that AI is going to be the future and hence investors do not want to miss out on the AI boom. The excitement surrounding artificial intelligence (AI) peaked as chipmaker Nvidia exceeded expectations, leading to a 16% increase in their stock. This rally propelled stock markets across three continents to reach record highs. Nvidia, originally known for graphics cards in computer

Tanushree Jaiswal || Introduction In the vibrant landscape of India's financial evolution, Gujarat International Finance TecCity (GIFT City) stands as a beacon of innovation and strategic brilliance. Positioned as the country's premier International Financial Centre (IFC), GIFT City is orchestrating a masterstroke strategy to reshape India's financial future. About IFSC in GIFT City Sprawling across 3.6 million sq. meters in Gandhinagar, GIFT City is India's inaugural IFC approved under the Special Economic Zones Act 2005. This groundb

Tanushree Jaiswal || Once upon a time, in the annals of marketing history, there existed a legendary feud between two beverage titans – the Coca-Cola Company of Atlanta & the Pepsi-Cola Company of New York. This epic clash, known as the Cola Wars, unfolded over decades, with each company's marketing departments engaging in a relentless duel to claim the coveted title of the number one soft drink in consumers' minds. The saga began in 1886 when John Pemberton, a pharmacist with a penchant for experimentation, accidentally concocted a beve

Tanushree Jaiswal || The S&P 500 is the epitome of American economic prowess. S&P 500 index fund beckons investors worldwide with promises of stability and growth. Comprising 500 powerhouse companies, it is an unparalleled benchmark for the U.S. stock market. For Indian investors, accessing this financial giant becomes a strategic endeavor. A thorough grasp of index funds and financial strategies is necessary to navigate the difficulties of foreign investment successfully. What is the S&P 500? The S&P 500, or Standard &am

Tanushree Jaiswal || Investing money systematically into mutual funds via the Systematic Investment Plan (SIP) route over the long term can help an investor multiply his or her savings manifold. Mutual funds allow an investor to diversify their investments as they invest in a basket of stocks and debt, across industries, themes and sectors. The SIP route allows investors to make small ticket investments and, over time, keep averaging upwards or downwards depending on the direction the broader market is taking. In fact, if one does not ha

Tanushree Jaiswal || The asset allocation of an ELSS fund, or equity-linked savings plan, is composed of 65% investments in equities and equity-linked assets, with a small amount of exposure to fixed-income instruments. This mutual fund program features a three-year lock-in term, in contrast to other schemes. According to the terms of Section 80C of the Income Tax Act of 1961, it is the only kind of mutual fund that is deductible from taxes. Here, you may save up to Rs. 46,800 a year on taxes alone and receive a tax refund of up to Rs. 1,50,

Tanushree Jaiswal || Are you a newbie investor eager to start your investment journey? Are you afraid of the investment lingo but want returns higher than FD? Well, you are at the right place my friend as we have the perfect solution – index funds! Index funds are the safest investment option available to investors if they are looking to invest in equity markets. If you find yourself confused by financial jargon and do not want to put a lot of effort into researching funds and investment options, Index funds are the best investment opti

Tanushree Jaiswal || Large-cap mutual funds are going to have their moment in 2024. As per a report by Business Standard, investors should expect lower returns from mid and small-cap equity mutual funds in 2024 due to high valuations and a lack of positive triggers. The spotlight is going to be on Large cap funds. Large cap funds are mutual funds that invest mostly in big companies with large market capitalisation.They're known for giving good returns while being less jumpy compared to mid and small-cap funds. These funds put your money

Tanushree Jaiswal || An Odd Pattern Amid Uncertainty Over the Election Historically, IPO activity has peaked between April and June, the months that coincide with India's general election years. Election cycles have not seen any May IPO launches since 2004. The market's caution amid the uncertainty surrounding the elections is reflected in this tranquil time. With three significant initial public offers (IPOs) scheduled to debut on the Indian primary market this week, 2024 is already proving to be an exception. A Triple Initial Public Off

Tanushree Jaiswal || In India, the IPO market is buzzing with activity. Notably, it’s not just institutional investors who are keenly eyeing these opportunities; even local retailers, like the Paanwala at the street corner, are intrigued. Retail investors recognize that IPOs can be a gateway to owning a piece of promising companies. Institutions, too, are voraciously gobbling up IPO shares. In April, we saw several mainboard IPOs, including SRM Contractors, Bharti Hexacom, VI, and JNK India. Stay tuned as we dissect these IPOs, analyse thei

Tanushree Jaiswal || About the JNK India IPO The stock of JNK India Ltd has a face value of ₹2 per share and the price band for the book building IPO has been set in the range of ₹395 to ₹415 per share. The IPO of JNK India Ltd is a combination of fresh issue and an offer for sale. The fresh issue brings in fresh funds into the company, but is also EPS and equity dilutive. On the other hand, OFS is just a transfer of ownership, and hence the OFS is neither equity dilutive nor is it EPS dilutive. The fresh issue portion of the IPO of JNK Indi

Tanushree Jaiswal || About the Vodafone Idea FPO The stock of Vodafone Idea Ltd has a face value of ₹10 per share and the price band for the book building FPO (follow-on public offer) has been set in the range of ₹10 to ₹11 per share. The FPO of Vodafone Idea Ltd will entirely be a fresh issue of shares with no offer for sale (OFS) component. The fresh issue tends to bring in fresh funds into the company, but is also EPS and equity dilutive. On the other hand, OFS is just a transfer of ownership, and hence the OFS is neither equity dilutive

Tanushree Jaiswal || Who is Shankar Sharma? Renowned financial expert and seasoned investor Shankar Sharma is well-known in the Indian stock market. He was the managing director of First Global, a well-known financial services company, before founding the prestigious asset management firm GQuant Investech. Shankar Sharma is well-known for his television channel appearances and contributions to financial magazines. After earning his degree from Delhi's Indian Institute of Technology, Sharma started working as a stockbroker in the early 19

Tanushree Jaiswal || "India, a land of opportunities, boasts one of the world's most popular stock markets. Within its dynamic landscape, the stock market presents significant potential for wealth accumulation for those who navigate it skillfully. Yet, it's essential to acknowledge the inherent risks; only a select group of accomplished traders consistently achieve profits. So, who are these notable traders, and what secrets contribute to their success? Let's delve into the profiles of the top ten brokers in India, examining the characterist

Tanushree Jaiswal || "India, a land of opportunities, boasts one of the world's most popular stock markets. Within its dynamic landscape, the stock market presents significant potential for wealth accumulation for those who navigate it skilfully. Yet, it's essential to acknowledge the inherent risks; only a select group of accomplished traders consistently achieve profits. So, who are these notable traders, and what secrets contribute to their success? Let's delve into the profiles of the top ten brokers in India, examining the characteristi

Tanushree Jaiswal || "India, a land of opportunities, boasts one of the world's most popular stock markets. Within its dynamic landscape, the stock market presents significant potential for wealth accumulation for those who navigate it skillfully. Yet, it's essential to acknowledge the inherent risks; only a select group of accomplished traders consistently achieve profits. So, who are these notable traders, and what secrets contribute to their success? Let's delve into the profiles of the top ten brokers in India, examining the characterist

Tanushree Jaiswal || Introduction In today's digital age, knowing how to protect a demat account from fraud is crucial. An electronic repository for retaining your securities, a demat account is susceptible to many forms of fraud and online threats. However, you can protect your demat account and lessen the risk of fraudulent actions by taking crucial precautions. First, ensure the depository participant (DP) you select to open your demat account with is respectable and well-established. Choose a DP with a proven track record in security

5paisa Research Team || Demat Account is almost like a bank account. Just like you hold funds in your bank account, you hold shares and other securities in the Demat Account. Having a Demat Account is mandatory for trading in equities as per SEBI regulations. How to open Demat Account? Demat Account can be opened online or offline. It is normally opened along with trading account (TCD) by the broker. Demat Account can be opened with any authorised depository participant (DP); which could be a bank or a broker. Here is how to open a Demat

A free demand account normally refers to an account that has zero account opening charges, which is mandated by SEBI. When you open a demat account, there are a number of costs you commit, including when the demat account is idle. Demat account charges apply to a plethora of services offered by the DP. The demat account is typically linked to a trading account on one side and a bank account on the other. Just like your demat account has certain in-built costs, your trading account also has costs. The only difference is that trading account c

5paisa Research Team || You may actually wonder, what is there to choose between demat accounts? After all, it looks like a plain vanilla account where you can hold your shares. But you must do your homework before opting for your demat account. Here are some factors to consider before opening your demat account. How to choose the Best Demat Account? Ideally keep your trading account and demat account at the same place This is no statutory requirement as you are free to have your trading account and demat account with differen

Tanushree Jaiswal || Tick size is the smallest step a price can move in a market. In the US, it's usually in dollars or cents. For example, stocks might move in one cent increments. In India, it's in rupees and paisa. So, when you see a stock price change it's usually by at least one cent in the US or one paisa in India. Traders pay close attention to these tick movements because they can indicate changes in market sentiment and trading patterns. How Is Tick Size Measured? Back in the days before the 2000s US stock markets used fractions

Tanushree Jaiswal || Introduction Atal Pension Yojana (APY), introduced by the Government of India in 2015–16, is social security scheme designed to provide reliable income stream after the age of 60 for all citizens. Aimed primarily at individuals in the unorganized sector, this pension scheme assures financial independence during retirement. Let's dive into the key features, benefits, & recent updates of APY. Key Features of APY 1.Automatic Debit Monthly contributions are automatically debited from the beneficiary's linked bank

Tanushree Jaiswal || The price of any product is directly proportional to its demand. If one were to place a massive order for a particular stock it is mostly likely to get noticed and lift its price. But there are ways to hide this appetite and one of these is the iceberg order. The iceberg order originates from the idea that if an iceberg is floating, what you see is just its tip. This misleads people about the size, as most of the ice is hidden under the water. This trick is used to keep the market in a lull when placing a large order

Tanushree Jaiswal || Ace investor Warren Buffett once famously said: “Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.” Buffett was talking about investments in financial markets. However, there is another aspect to this - if someone is making profit in a trade, someone else has to be making a loss. This holds true especially for the derivatives market that is a zero-sum game. There will be days when you might feel like the Warren Buffett of the stock market, and there will be days when something as innocuous as a

Tanushree Jaiswal || Income tax refunds are widely anticipated by taxpayers because they provide financial comfort and can serve as a boost to savings or planned spending. However, delays in obtaining these returns can be aggravating. To better manage this, consider using tools like the income tax calculator to gain clarity on your tax obligations and potentially expedite the refund process. In this post, we will look at the most prevalent reasons for income tax refund delays and offer advice on dealing with them. We want to teach people what t

Tanushree Jaiswal || Income Tax Return (ITR) filing is a critical annual financial duty every taxpayer must handle. Understanding the complexities of this procedure is critical for those looking to meet their tax responsibilities while avoiding fines. To simplify this process, consider utilizing the income tax calculator as it can assist in comprehending your tax obligations more effectively. This detailed tutorial will cover the primary stages and critical factors for submitting your income tax return. This essay will simplify the process and

Tanushree Jaiswal || Income tax, a pivotal facet of India's economic architecture, is not merely a financial obligation but a crucial contributor to the nation's progress. Understanding the advantages of income tax and recognizing the benefits of paying taxes in India is imperative in fostering a responsible and informed citizenry. Taxes form the financial backbone of an economy. To better understand and manage your tax responsibilities, consider utilizing the income tax calculator. The benefits of income tax are multifaceted, ranging from p

Tanushree Jaiswal || Many of us have received income tax notices in the past. It can be intimidating at times, especially when one thinks that all the taxes have been paid properly and proper tax returns were filed on time. However, once we understand what such notices are in detail and how to respond to them, they may feel less intimidating. Income tax notices are basically communication from the Income Tax Department that makes it mandatory for you to act upon them in a certain manner. They are different from income tax intimation that may

Tanushree Jaiswal || In Parliament today, Finance Minister Nirmala Sitharaman presented the interim Union Budget for 2024-25. This is the sixth budget of the current government under Prime Minister Narendra Modi's second term. Since the elections are coming up, the usual budget has been replaced with an interim budget. In spite of the interim nature, FM Sitharaman has announced schemes and benefits that bring relief to the general public. In this year's budget, the theme is "Viksit Bharat Budget 2024," emphasizing Atmanirbhar Bharat. The fo

Tanushree Jaiswal || The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, holds crucial insights for investors & the economic landscape. Here are the key highlights: 1. Revised Fiscal Deficit a) The revised fiscal deficit for FY24 stands at 5.8% of GDP, emphasizing government's focus on managing its revenue & expenses. b) Projections indicate a reduction in fiscal deficit to 5.1% of GDP in FY25, with a target to further bring it below 4.5% in FY26. 2. Tax Slabs & Interim Budget a) No ch

Tanushree Jaiswal || Highlight of the Budget In a ground-breaking move aimed at fostering innovation, the Union Budget announces a Rs 1 lakh crore corpus dedicated to supporting research & innovation for the tech-savvy youth. This corpus comes with a 50-year interest-free loan, offering a significant boost to the private sector's research & innovation efforts in emerging domains. What It Means? The establishment of this substantial corpus signifies a commitment to creating a conducive environment for technological advancement.

Tanushree Jaiswal || Well the budget 24 has been disclosed and the primary focus has been set on ‘Railways’, lets dig in tis blog to find out what’s fruitful is in this action. In significant move towards enhancing connectivity & fostering economic growth, Finance Minister Nirmala Sitharaman has announced implementation of three major Railway economic corridors under PM Gati Shakti initiative. These corridors—energy, mineral & cement; port connectivity; & high traffic density—aim to revolutionize multi-modal connectivity, improvi

Tanushree Jaiswal || Purchasing a car in India is often considered to be one of the most important life decisions, second only to purchasing a home. With the explosion of new-age technologies, prospective car buyers are looking to buy the fanciest, most advanced car at the most competitive prices. Of course, in this journey, choosing the right car loan is critical. Small variations in the interest rate can tally up to a big amount in the long run. Naturally, car buyers are always on the lookout for the best loan product while simultaneously

Tanushree Jaiswal || Introduction to Personal Loans in India Personal loans are mostly always unsecured and therefore have been one of the biggest growth engines for the asset books of Indian banks (especially for private banks) over the last few years. While trying to entice customers to take their personal loans, banks normally throw in incentives like pre-approved loans, minimal documentation loans, and automatic top-ups as sweeteners. Personal loans may look simple and attractive, but before availing of one, individuals must do some b

Tanushree Jaiswal || Life can take an unexpected turn at any moment and sometimes there is little we can do when faced with an emergency. But we can certainly take measures to cushion the impact of any unfortunate incident on our loved ones. With the sudden stoppage in regular earnings due to the unfortunate demise of the breadwinner, the dependent persons not only find it difficult to maintain their standard of living, but such a situation may also push them into poverty. This risk may be reduced by taking a life insurance cover adequate to co

Tanushree Jaiswal || When an insured car is transferred to another person, the new owner can’t drive the vehicle on the road with the same insurance policy with the seller’s or transferor’s name still written as the owner of the car even after the transfer. So, the new owner either needs to take a new insurance policy for the car, or get the name of the owner changed in the existing policy through the process of transfer of the insurance policy. With the transfer of a car policy, the insurance benefits of the policies also get transferred. W

Tanushree Jaiswal || With the advent of technology, dependency on insurance intermediaries has been reduced and policyholders may now renew their car insurance online directly through the website of the insurance companies. With the reduction in the length of the distribution chain, insurance companies also get a scope to reduce the premium. So, along with quick renewal, a car owner may get a discount as well. Steps for Online Car Insurance Renewal Step I: Research About Car Insurance Policy Insurance companies provide many incentive

Tanushree Jaiswal || The aim of taking any insurance coverage is to reduce uncertainty by transferring the risk of incurring a monetary loss due to the occurrence of an insurable event to a financially stronger entity – called an insurance company. So, by paying a pre-decided or predictable premium, the risk of suffering an unpredictable loss is covered through insurance. Paying a premium for insurance coverage would only be fruitful if a claim is honoured when such a request is made following the unfortunate happening of the insurable event