Tax treatment is where the PPF scores very high. The PPF comes under the Exempt- Exempt- Exempt category. This means that the amount invested gets tax benefits, the interest is not taxed and so is the final maturity amount. The investment gets benefits under Section 80C of the IT Act. The investment however is limited… Read More »
Investing directly in art has its own drawbacks. For one, these artworks need to be protected against theft and damage. Second, you need to have large sums of money to buy these works. Third, they occupy a lot of space. So for those looking to invest in art but have money and space constraints, there… Read More »
Allahabad Bank intends to carry on with its present positive growth trend and obtain a business objective of Rs two lakh crore by the end of 2010. At the close of 3rd quarter, the bank had recorded a business of Rs 1.60 lakh crore and is geared to fulfill the Rs 1.75 lakh goal established… Read More »
Honda Motor, Japan’s 2nd main car maker reported nearly 7 fold increase in profit in the final quarter from the previous year. This was due to higher sales in India and China.
Figure the objective of the investment. Understand the scope or mandate of investment. It outlines the debt-equity mix and the type of instruments that the fund would invest. It indicates where your money will be invested by the fund manager i.e. whether large, mid- or small-cap specific, the level of diversification, the option to the… Read More »
The easiest loan that any businessman can get is the daily/weekly payment loans from local financiers. But the interest rate here can be very high – in the order of 3% and above per month. Also there is the element of getting lesser amount that the loan amount due to advance payment of EMI. A local… Read More »
On Tuesday, NTPC stated it has fixed the bottom price at Rs 201 per share for its follow-on-public offer, opening on Wednesday.
The government is expected to carry on with its current policies to assure economic stability in the approaching Union Budget, said a leading banker.
It is possible that government might take the initial step towards fiscal consolidation in Budget of 2010-11 by partly withdrawing the tax cuts introduced to the industry last year to help the industry. The service tax rate might go back to 12% while excise duty may be hiked slightly. The finance ministry is thinking about… Read More »
As per the SEBI circular – Entry Load for the schemes, existing or new, of a mutual fund has been removed. The investor would pay the commission upfront to distributors directly. The distributors should disclose the commission, trail or otherwise, received by them for different schemes/ mutual funds, which they are distributing or advising the… Read More »