Since the assets legally belong to the trust, incapacity freezes nothing, the trustee, still of sound mind, keeps signing cheques and settling bills. A well drafted deed adds an incapacitation clause, triggered once two doctors certify the settlor cannot manage their affairs, letting the trustee pay hospitals and caregivers directly, bypassing court guardianship.
Global product engineering and digital services firm Tata Technologies Ltd on Friday reported a 6.2 per cent rise in consolidated profit after tax at Rs 180.75 crore during the June quarter. The company had posted a consolidated profit after tax (PAT) of Rs 170.28 crore in the corresponding quarter of the previous fiscal year, Tata…
The growing role of artificial intelligence (AI), alternative data and Specialised Investment Funds (SIFs) in India’s investment landscape took centre stage at the sixth edition of the Indian Institutional Quant Conference (IIQC), organised by the Lambda Quantitative Strategies Association (LAQSA). The day-long conference, held on July 17 at the Taj City Centre in Gurugram, brought…
The S&P 500 ended lower on Wednesday after U.S. President Donald Trump said an interim deal aimed at ending the war with Iran was “over,” while Broadcom led gains among recently battered chip stocks. Speaking at a NATO summit in Turkey, Trump said he had no interest in further talks with Iran and warned that…
The Reserve Bank of India (RBI) has fixed the premature redemption price for Sovereign Gold Bond (SGB) 2019-20 Series II at ₹14,199 per gram for investors opting to redeem their bonds on July 16, 2026. Under the Sovereign Gold Bond Scheme, investors can redeem their bonds before the scheduled eight-year maturity after completing five years…
There is an old household habit that many of you will recognise from your own childhoods, of the woman who divided the month’s money into small cloth pouches the moment her husband’s pay arrived: one for vegetables, one for milk, one for the household help, and larger ones set aside for savings and for a…
India retained its position as the world’s leading market for initial public offerings (IPOs) by number of issues during FY2025-26, while ranking third globally in terms of funds raised, according to the Securities and Exchange Board of India’s (SEBI) Annual Report for 2025-26. Highlighting the country’s strong primary market activity, SEBI said the equity market…