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As small-cap funds continue to attract strong investor inflows, sectors delivering high growth are unlikely to look inexpensive from a traditional value-investing perspective, according to Anupam Tiwari, head of equities at Groww AMC. Small-cap valuations rise as sentiment improves Valuations have climbed considerably over the past 12 to 18 months. Tiwari said investor interest in…
Bank unions have threatened to go on a nationwide strike on 11 September to push the government towards implementing their demands, including five-day work week, the performance-linked incentive scheme, dearness allowance, pension and more, according to a PTI report. The United Forum of Bank Unions (UFBU), an umbrella body of nine bank employees’ and officers’…
The Central Board of Direct Taxes (CBDT) recently introduced the new Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS). The scheme, unveiled on 14 August, provides eligible taxpayers with undisclosed foreign assets or income a narrow window to come clean, provided they can explain that their assets and valuations comply with the applicable rules and regulations….
For those with business or professional (including freelancers) income, deadline to file their income-tax returns is fast approaching on 31 August. Taxpayers filing non-audit income tax returns will have to use the ITR-3 or ITR-4 forms, as applicable. According to the I-T portal, more than 6.5 crore ITR filings (ITR-1, 2 and including over 2…
The Jeevan Pramaan platform enables eligible pensioners to submit their Digital Life Certificate (DLC) online. However, pensioners residing outside India often find the process difficult due to several practical and technical hurdles, forcing many NRIs to opt for offline submission. For pensioners based overseas, completing the annual life certificate process digitally can be challenging because…
Are you facing a cash crunch? Your National Savings Certificate (NSC), a prominent government-backed savings scheme, can double as instant loan collateral. While it offers investors fixed, predictable returns and a 5-year tenure, in exceptional cases of cash crunch, if you need funds before the maturity date, you may be able to pledge your NSC…
It is that time of the month for many, especially salaried people, where looking at your wallets and bank accounts will make you cry. Jokes and memes apart, it shows how many people, including those earning well, are broke by the end of the month because they are unable to plan their spendings, often leaving…
For many pet owners, pets are considered part of the family and, in many cases, are treated like children. However, caring for them can sometimes involve unexpected expenses. From emergency surgeries to prolonged treatments, veterinary bills can quickly add up. Pet insurance can help owners manage the financial burden of unforeseen medical care. A Business…
Shares of Yatharth Hospital & Trauma Care Services jumped more than 5% amid buzz around Advent International and Blackstone-backed Aster DM Quality Care negotiating to acquire a controlling stake in the specialty hospital chain. Yatharth Hospital shares surged to a fresh 52-week high of Rs 1,024.85 apiece on the NSE. India’s second-largest hospital chain is…
Shares of Indian IT companies surged sharply on Friday, with heavyweights including LTIMindtree, TCS, HCLTech and Infosys leading market gains. The sharp rally pushed the Nifty IT index more than 3% higher. LTIMindtree shares jumped around 5%, while HCLTech and TCS gained around 4% each. Coforge, Tech Mahindra, Persistent Systems, Infosys and OFSS rose around…