The proposition is compelling: a single platform bringing together information that customers, nominees, intermediaries, insurers, financial institutions, researchers and the regulator need today from scattered sources. It fits squarely with the regulator’s stated goal of Sabka Bima, Sabki Suraksha.
A redevelopment firm’s provision of ₹8 crore towards compensation payable to tenants cannot be disallowed merely because the amount had not been paid or finalised, the Income Tax Appellate Tribunal (ITAT), Mumbai, has ruled. The tribunal held that the liability was an accrued business obligation arising from a redevelopment agreement and not a contingent liability,…
Employees’ Provident Fund Organisation (EPFO) subscribers struggling to access old or inactive provident fund accounts may soon get major relief. The EPFO is expected to roll out E-PRAAPTI — a digital platform that will help members trace, link and claim funds lying in old or inactive PF accounts — by the end of August According…
Mumbai: Arbitrage fund investors were surprised Monday to see the net asset values (NAV) of their portfolios surge an average 0.46% in a single day, translating into an annualised yield of 167%. What explains such drastic movements in an asset class that barely yields 7% a year or about 0.02% a day? Well, this happened…
Term insurance is reaching students as young as 18, offering lower premiums and early insurability. But without income, dependants or debt, does buying life cover before a career begins make sense?
Introduction: In this article, I’ll explore the enticing financial option known as a Flexi Loan, delving into its advantages and drawbacks. A Flexi Loan is a versatile credit facility that has gained popularity among borrowers due to its unique features. This financial instrument offers borrowers the flexibility to withdraw and repay funds as per…
Kansai Nerolac Paints reported a more than 5% rise in consolidated net profit for the June quarter, aided by healthy demand across decorative and industrial paints. The company approved Rs 601 crore of capacity expansion across three plants. Consolidated net profit rose to Rs 228.41 crore from a year earlier, while revenue increased nearly 10%…