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Bank lockers are considered to be safe haven for precious jewellery but recent incidents of theft have created concerns over this secure storage facility. One of the recent incidents of theft that came to light this month is from Kanpur where a woman allegedly stored jewels worth ₹50 lakh at the State Bank of India…
Equity savings funds are hybrid mutual fund schemes that combine equity, arbitrage and debt investments in a single portfolio. The category is designed to provide equity exposure while using arbitrage and fixed-income investments to diversify the portfolio and moderate the impact of equity-market volatility. The five-year SIP return data shows that several equity savings funds…
Shares of Vishal Mega Mart surged 10% on Monday after the company announced the reappointment of Managing Director and CEO Gunender Kapur for a five-year term. Morgan Stanley said the move eases succession-related concerns and provides continuity to the company’s growth strategy. Vishal Mega Mart shares surged around 10% to Rs 113.70 apiece on Monday…
Shares of Lalithaa Jewellery Mart continued to surge further, after marking a strong market debut by listing at around 32% premium over IPO price on Monday, with analysts highlighting attractive valuations while noting down the key risks. Lalithaa Jewellery Mart shares listed at Rs 265 apiece on NSE, marking around 32% premium over the IPO…
Shares of Urban Company extended their gains on Monday, rallying another 7% to hit their highest level in nearly 11 months after a bullish brokerage call and a legal development involving Kent RO. Kent RO agreed to remove advertisements and social media content that allegedly made false and misleading claims about the company’s Native water…
Shares of Hexaware Technologies rallied nearly 5% to Rs 559.25 during Monday’s trading session after brokerage firm Motilal Oswal reiterated its ‘Buy’ rating on the stock with a target price of Rs 720, implying an upside of around 35% from current levels. The brokerage’s positive stance follows Hexaware’s Investor Day, where the IT services company…
Shares of sugar companies, including Balrampur Chini Mills, Dhampur Sugar, Dalmia Bharat Sugar, Shree Renuka Sugars and EID Parry, rallied up to 11% as sugar prices climbed sharply amid tight inventories and supply concerns. Prices have risen from around Rs 41-42 per kg in the quarter to above Rs 50 per kg. In today’s session,…
Are you a senior citizen looking for a safe investment that can provide predictable returns and a steady income after retirement? If your goal is to generate around ₹25,000 every quarter, the Senior Citizens’ Savings Scheme (SCSS) could be one option worth considering. SCSS is a government-backed savings scheme designed specifically for senior citizens. It…
An NRI whose PAN is showing as “inoperative” because it is not linked to Aadhaar may not have to link the two. The Income Tax Department exempts non-residents from mandatory Aadhaar-PAN linking, but taxpayers may need to update their NRI status with the department. An NRI checking their PAN status may be surprised to find…
An individual told Mint that he had inherited an agricultural land parcel from his father and was the second generation to inherit it. The original purchase date of this non-residential asset is estimated to be between 40 and 50 years ago. He asked whether the sale proceeds from agricultural land could be reinvested in a…