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The Income Tax Department has announced a nationwide exercise to examine overseas remittances flagged as potentially suspicious. The move has also drawn attention to Form 15CB, the accountant’s certificate prescribed for certain remittances under the Income Tax Rules, 1962. Under the new tax framework, the corresponding certificate is Form 146 under the Income Tax Rules,…
While AI jitters continue to keep IT investors on edge, CLSA downgraded several heavyweight stocks and revised their target prices, although it remains bullish on several mid-tier IT vendors. CLSA, in its latest note, highlighted that Q1 earnings were a mixed bag for Indian IT and global peers. Basic Excel math does imply that AI…
India has replaced Indonesia as Asia’s least-preferred stock market in a survey of fund managers by Bank of America Corp., signalling growing caution toward a market that’s among the world’s worst performers this year. The lack of a clear AI exposure remains the key concern for Indian equities, with weak growth emerging as the next…
Shares of Behari Lal Engineering rallied over 14% to Rs 525.90 on the BSE on Wednesday, extending gains after a strong market debut. The shares of the company had listed at a 63% premium to its issue price of Rs 285 earlier in the day. Priced in the range of Rs 271-Rs 285 per share,…
“When you do not know what job, career, college, or stream it will be, the only certainty is that you need money,” Joseph noted. To build an adaptable corpus with a 15-to-18-year horizon, Joseph recommends systematic equity investing through flexi-cap or multi-cap mutual funds. These funds spread across market caps, generate inflation-beating compounding without locking…
SEBI has revised the application process for mutual fund registration, replacing the earlier multi-form process with a consolidated application. At the same time, the revised framework requires prospective sponsors to provide detailed information on their financial strength, ownership, regulatory record, governance, technology and investor-protection systems. The changes follow the overhaul of the SEBI (Mutual Funds)…
Many high earners feel financially stretched despite healthy salaries. Abhijit Kumar, a SEBI-registered investment adviser, has shared a practical solution on LinkedIn. He outlined a five-step financial audit that takes just 20 minutes. Kumar illustrated the problem with a real client. The client earned ₹2.1 lakh per month but could not save ₹40,000 for an…
First, it is difficult to consistently beat the market. Every day, millions of investors analyze company reports, earnings announcements, policy changes, interest rates, global developments, and countless other pieces of information. Through their collective buying and selling decisions, new information is rapidly reflected in stock prices. By the time I finish reading a company’s annual…
The rise of finfluencers has made stock market advice more accessible for investors, especially for those who do not want to spend extra money on hiring a professional advisor, but it has also left some of them nursing losses after acting on social media recommendations. According to a recent report by CFA Institute, only 6.3%…
A credit-card customer has alleged that HDFC Bank charged him more than ₹1,200 after he fell short of his ₹10,649.46 bill by just 46 paise. Dr Samir Kagalkar said in a post on X that he paid ₹10,649 against the bill, leaving ₹0.46 unpaid. Kagalkar questioned the late-payment charges and other costs subsequently added to…