Gifting securities is essentially an off-market transfer in which investments are moved from one demat account to another without being sold on the exchange. “Investors can gift shares, ETFs, mutual funds held in demat form and other eligible securities, provided the holdings are free from pledges, lock-ins or other transfer restrictions,” said Yashas Khoday, co-founder and chief product officer, FYERS, a discount broker.
EPFO members may begin seeing the annual interest for FY2025-26 reflected in their provident fund accounts from today July 15, as the retirement fund body starts crediting interest at the approved rate of 8.25% per annum. The annual interest rate of 8.25% works out to approximately 0.688% per month, according to a Cleartax report. Although…
Mumbai: The Indian rupee on Wednesday negotiated leaping oil prices and an unprecedented yield spike across the globe to remain above 95 to a dollar for the second day running, with traders attributing the local unit’s standout performance to aggressive dollar sales by the central bank. Read more: ICICI Bank raises $17.9 billion through FCNR(B)…
New York: Benchmark 10-year U.S. Treasury yields climbed above 5% on Monday, the highest level since October 2023 and a closely watched psychological threshold that analysts say could ripple through the U.S. economy and threaten the bull market in stocks by denting the relative appeal of U.S. equities. Yields have surged as traders price in…
Mumbai: The Securities and Exchange Board of India is close to approving the initial public offering (IPO) of the National Stock Exchange (NSE), the regulator’s chairman Tuhin Kanta Pandey said Thursday. The share sale is likely to be the largest in the country to date. NSE’s valuation in the unlisted market is around ₹5 lakh…
On 3 September 2026, the 8th Pay Commission will have completed ten months since its constitution on 3 November 2025. The commission’s consultations and discussions have entered an advanced stage, with meetings lined up in Jaipur, Chandigarh, Puducherry and Bengaluru in the coming months. The 8th Pay Commission, headed by Justice Ranjana Prakash Desai, has…
As many as 43 companies including Bharti Airtel, Hero MotoCorp, Info Edge, Zydus Lifesciences and others are set to turn ex-record date for dividends on Friday (July 24), effectively making today the last day for interested investors to buy the shares to be eligible for payments cumulatively worth nearly Rs 1,127. As per Sebi’s T+1…