Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
When looking for ways to save tax and grow wealth in the long term, many investors turn to mutual funds. One such plan, the SBI Long Term Equity Fund, offers both potential for high returns and tax-saving benefits. This fund, formerly known as the SBI Magnum Taxgain Scheme, has been around for over 20 years and has proven itself as one of the top-performing Equity Linked Savings Schemes (ELSS). This mutual fund plan is specifically designed for investors looking for long-term growth with the added advantage of tax exemption under Section 80C of the Income Tax Act. Whether you invest…
Amitabh Bachchan’s strategic investment in DP Wires has resulted in a massive 637.85% return in just five years, showcasing his smart stock market choices. Bollywood legend Amitabh Bachchan is not only a renowned actor but also a sharp investor. While his acting career shines brightly, his investments are making headlines too. One such investment that stands out is his stake in a small-cap company, DP Wires, which has given him incredible returns over the past five years. Big Returns from DP Wires: A 638% Growth in Just 5 Years Amitabh Bachchan’s investment in DP Wires has seen a massive 638%…
If your business is registered under GST, there’s an important update for you. The Goods and Services Tax Network (GSTN) has announced that starting October 1, 2024, data related to GST returns older than seven years will no longer be available on the GST portal. This move will impact taxpayers who may need to access older data for their records. Why GSTN Is Removing Old Data The decision to remove older returns comes as part of GSTN’s data management efforts. The advisory issued on September 24, 2024, highlights that the accumulation of old returns data puts extra load on the…
In a significant business development, Authum Investments & Infra has announced its plan to acquire a major stake in Prataap Snacks, the well-known snack manufacturer from Madhya Pradesh, famous for its Diamond brand. This move is part of a broader strategy by Authum to diversify its portfolio and grow its business, creating value for its stakeholders. The acquisition deal was revealed on September 27, and Authum will work with investor Mahi Madhusudan Kela to finalize the transaction. Details of the Acquisition Deal Authum Investments has entered into a share purchase agreement with Mahi Madhusudan Kela on September 26, under which…
The Securities and Exchange Board of India (SEBI) has introduced new rules aimed at improving transparency in the stock market. These rules, however, have not been welcomed by brokerage firms, as they may lead to a significant impact on their earnings. The changes, which will come into effect from October 1, are primarily focused on uniform transaction fees and restrictions on referral programs. Uniform Transaction Fees: A Blow to Brokerage Profits One of the biggest changes SEBI has implemented is the requirement for a uniform transaction fee structure across all market infrastructure institutions (MIIs). This includes stock exchanges, clearing corporations,…
October 1, 2024, brings significant changes in tax, investment, and savings rules, impacting millions of taxpayers, investors, and savers. These changes will affect everything from mutual fund taxation to PPF rules for NRIs. If you are someone who saves or invests money, these new regulations can affect your financial planning. Here’s a detailed look at the 11 key updates you need to be aware of. 1. Changes in PPF Rules for NRIs From October 1, NRIs (Non-Resident Indians) who invest in the Public Provident Fund (PPF) without disclosing their non-resident status will face a significant change. These individuals will not…
Investing in mutual funds is a popular choice among many people who want to grow their money over time. However, the key to success is to balance risk with returns. While mutual funds offer the potential for good returns, they also come with some level of risk. But with the right planning and strategy, you can reduce risks and still aim for higher returns. Let’s explore some simple and smart strategies to help you achieve better returns on your mutual fund investments while keeping the risk low. 1. Understand the Types of Mutual Funds Before diving into strategies, it’s important…
ICICI Prudential Mutual Fund has announced two new schemes under its portfolio, aiming to offer more investment options to its customers. The New Fund Offers (NFOs) will be open for subscription from September 30, 2024, and investors can participate until October 14, 2024. The two new schemes are the ICICI Prudential Nifty200 Value 30 Index Fund and ICICI Prudential Nifty200 Value 30 ETF. These schemes focus on value-based investment strategies and offer unique benefits for those looking to invest in equity markets. ICICI Prudential Nifty200 Value 30 Index Fund: Value-Based Equity Investment Launch Date: September 30, 2024Closing Date: October 14,…
China, the world’s second-largest economy, is showing signs of a severe economic downturn that could impact economies worldwide. With growing concerns of a 2008-style recession, the country is grappling with significant financial issues across key sectors. Real estate, a pillar of the Chinese economy, is collapsing, while unemployment rates hit record highs, and the deflation crisis worsens. The situation is further complicated by escalating tensions with the United States, leading to potential ripple effects across the global economy. Real Estate Crisis at the Core of China’s Problems Real estate is a major contributor to China’s economic health, representing around one-third…
Swiggy, one of India’s leading food delivery platforms, is gearing up to launch its much-anticipated IPO. With a valuation that could reach up to $13 billion, the company has already filed its draft papers with SEBI, aiming to raise over ₹10,000 crore. While the food delivery market is highly competitive, Swiggy’s consistent growth and celebrity endorsements are creating buzz ahead of its public debut. A Star-Studded Investor Lineup It’s not just venture capital firms backing Swiggy. Big names from Bollywood and the sports world, including Amitabh Bachchan, Madhuri Dixit, Karan Johar, and cricketers like Rahul Dravid and Zaheer Khan, have…