Author: Shehnaz Beig

Hyundai Motor is set to launch India’s largest-ever IPO on October 15, 2024, making it a highly anticipated event in the stock market. The company, known for its strong brand and dominance in India’s car market, is opening this IPO with a price band between ₹1,865 and ₹1,960 per share. At the upper price band, the IPO size will be around ₹27,870 crore, and the company’s market capitalization will be around ₹1,59,258 crore. Let’s take a closer look at Hyundai’s performance, its market position, and whether you should consider investing in this IPO. Hyundai: India’s Second-Largest Car Manufacturer Hyundai Motor…

Starting small and dreaming big—Uday Kotak’s rise from a joint family of 60 members to building Kotak Mahindra Bank is a story of perseverance and vision. With a net worth of $14.3 billion (Rs. 1.2 lakh crore), Uday Kotak has become one of the most prominent names in India’s financial world. Here’s a look at how he built one of the leading private banks in India from scratch. Humble Beginnings in a Big Family Born into a large Gujarati family where 60 people lived under one roof, Uday Kotak experienced a close-knit lifestyle. While the family’s cotton business provided stability,…

Investors looking to build wealth while saving on taxes are finding great opportunities in Equity Linked Savings Schemes (ELSS). One of the standout performers in this category is the HDFC ELSS Tax Saver Fund, which has delivered stellar returns over the last 28 years. With just a monthly SIP of Rs. 3000, an investor could have built a corpus of Rs. 6 crore, thanks to an annual return rate of 23%. Here’s how this fund has helped investors achieve long-term financial growth. The Power of SIP: Small Monthly Investments, Big Returns The HDFC ELSS Tax Saver Fund was launched in…

Many employees end up paying extra tax because of an unfriendly salary structure. If your salary components do not fully utilize tax-exempt allowances, it can increase your tax liability. This is where the National Pension System (NPS) can help. Not only does it reduce your tax burden, but it also creates a secure fund for your retirement. Let’s explore how you can maximize your savings with NPS and reduce your tax liability by up to Rs. 71,000 annually. How NPS Works Under the New and Old Tax Regimes One of the best features of NPS is the tax-saving potential through…

New Delhi: Getting medical treatment in hospitals is becoming more expensive as hospitals have started charging patients extra based on demand, similar to how airline ticket prices increase when more people book flights. This practice, known as “surge pricing,” is now being applied to surgeries and other medical treatments, which has significantly raised healthcare costs for patients. If more patients are admitted to a hospital, new patients may have to pay a higher price for their treatment. Hospitals are applying this system, especially when their operation theaters are nearly full, charging patients extra fees referred to as “peak charges.” How…

Baroda BNP Paribas Mutual Fund has introduced its New Fund Offer (NFO), targeting midcap stocks, offering investors a unique opportunity to invest in a diversified portfolio of high-growth companies. Midcap stocks are often a favorite among retail investors due to their potential to deliver higher returns in positive market conditions. The Baroda BNP Paribas Nifty Midcap 150 Index Fund is designed to give investors exposure to such stocks, with the potential for long-term wealth creation. This NFO is open for subscription from October 14, 2024, to October 28, 2024, and offers a low-cost, passively managed option to tap into midcap…

The battle for India’s satellite internet market is heating up, with two of the world’s most influential businessmen—Mukesh Ambani and Elon Musk—facing off in a high-stakes competition. This isn’t just a rivalry over wealth or business, but a strategic fight over how satellite internet spectrum is allocated in India. With the internet market in India expected to grow massively, this race is all about capturing a piece of the Rs 16,000 crore opportunity. Why Satellite Internet is So Important India has one of the highest internet user bases in the world, second only to China. With rapid internet penetration, the…

Hyundai Motor India IPO is set to open for bidding on October 15, 2024, marking the launch of India’s largest initial public offering (IPO) to date. With a size of Rs. 27,870 crore, this IPO surpasses the previous record set by Life Insurance Corporation (LIC). Hyundai Motor’s Indian arm is attracting attention due to the company’s solid market reputation, making it a highly anticipated offering for both retail and institutional investors. Here’s everything you need to know before investing. Hyundai India IPO: Price Band and Shares The price range for the Hyundai Motor India IPO is set between Rs. 1,865…

When people think of earning a living, they usually imagine jobs that require hard work, effort, and long hours. But did you know there are some strange jobs around the world where people get paid for doing things as simple as sleeping or crying? While these jobs may seem unusual, they come with decent salaries and perks. Let’s dive into some of the most bizarre professions that people are paid for. 1. Passenger Pushers: Helping People Fit into Packed Trains If you’ve ever seen footage of packed trains in Japan, you might wonder how passengers manage to squeeze in. Enter…

Following the death of Ratan Tata, Noel Tata, his half-brother, has been appointed the new Chairman of Tata Trust. This is significant because Tata Trust controls 66% of Tata Sons, the parent company of the Tata Group. With this, Noel Tata now holds an influential position in one of India’s largest and most iconic business empires, valued at Rs 34 lakh crore. The Tata Group, founded by Jamsetji Tata in 1868, spans over 100 countries, with more than 100 companies under its umbrella. With businesses ranging from steel and automobiles to IT services and tea, the Tata Group has made…