Author: Shehnaz Beig

Ratan Tata, the visionary leader of Tata Group, left behind a remarkable legacy not only in India but also on the global business stage. Among the many chapters of his incredible career, one story that stands out is his bold acquisition of Jaguar and Land Rover from Ford, a move that was not just about business but also about redemption. The Beginning: Tata’s Car Dream and Early Struggles In 1998, Tata Motors launched its first indigenous car, the Tata Indica. It was a significant milestone for the Indian automobile industry, but the car failed to meet market expectations. The company…

The Aadhaar card has become an essential document for almost every major task in India, from identity verification to financial transactions. Issued by the Unique Identification Authority of India (UIDAI), the Aadhaar card links your identity to various services and requires a registered mobile number to receive one-time passwords (OTPs) for verification purposes. However, many people often forget which mobile number they linked to their Aadhaar, especially if they have multiple numbers. If you’re in this situation, don’t worry. There’s an easy way to check which number is linked to your Aadhaar without any hassle, right from the comfort of…

Income tax laws can often be tricky, especially for those with dual residency. A shocking case in Mumbai has brought to light the complications caused by the “tie-breaker test” under the Income Tax Act, which left a taxpayer owing a whopping Rs 43.5 lakh, despite declaring an income of only Rs 9,500 in India. This situation arose because of the taxpayer’s residency status in both India and the United States, and the tie-breaker rule played a crucial role in this outcome. The Case of Rs 43 Lakh Tax on a Rs 9,500 Income In this particular case, the taxpayer had…

On October 10, 2024, three new mutual fund schemes will be launched, providing investors with fresh opportunities in the stock market. Two of these new fund offers (NFOs) are from Mirae Asset Mutual Fund, and one is from Helios Mutual Fund. If you are planning to invest in any of these schemes, here’s what you need to know about each one and how they could fit into your investment strategy. 1. Mirae Asset Nifty 50 Index Fund This is an open-ended equity scheme that tracks the NIFTY 50 Total Return Index (TRI). It’s designed for investors looking to invest in…

Investing in mutual funds has become an attractive option for people looking for high returns without directly entering the stock market. In the past year, some equity mutual funds have given returns as high as 65-85%, making them competitive with stock market investments. These funds have not only performed well in the short term but have also shown consistent long-term results, especially through systematic investment plans (SIP). Here’s a look at the top 10 mutual funds that have given over 65% returns in one year and have strong SIP performance over five years. Top Performing Mutual Funds with Over 65%…

Tata Mutual Fund has recently rolled out an exciting new investment opportunity: the Tata Nifty Capital Market Index Fund. This open-ended index fund focuses on India’s thriving capital market sector, making it the country’s first-ever mutual fund based on the Nifty Capital Market Index. The New Fund Offer (NFO) is open from October 7, 2024, until October 21, 2024, giving investors a limited time to participate in this innovative scheme. The fund’s primary focus is on companies within the Nifty 500 Index that are driving India’s capital market services, including asset management companies, stockbrokers, exchange platforms, depository services, and rating…

The Reserve Bank of India (RBI) has taken significant steps to boost digital transactions across the country by increasing transaction limits for UPI services. The recent changes in UPI Lite Wallet and UPI 123Pay limits aim to enhance the ease of use for digital payment users, especially in rural and remote areas. This move will further support India’s fast-growing digital payments landscape. UPI Lite Wallet Limit Increased to Rs. 5,000 One of the key updates from RBI’s latest Monetary Policy Committee (MPC) meeting is the increase in UPI Lite Wallet’s transaction limit. Users can now send up to Rs. 5,000…

Hindenburg Research’s latest report accuses Roblox of exposing children to inappropriate content while management allegedly cashes out Hindenburg Research, a well-known American short-selling firm, has made startling allegations against Roblox, a popular online gaming platform. The report accuses the platform of serving harmful content to children, including obscene, violent, and abusive material. Additionally, the report claims that key figures at Roblox are misleading investors while secretly selling off their shares, raising serious concerns about the company’s integrity and operations. Roblox Allegedly Targeting Children with Inappropriate Content According to Hindenburg’s report, Roblox is having a disturbing impact on children by exposing…

The commodity market is a financial platform where traders buy and sell contracts related to different commodities like gold, crude oil, metals, and agricultural products. Much like the stock market, investors can make profits from price changes in these commodities, but instead of stocks, they trade in physical goods or their derivatives. In India, the commodity market has become a popular option for traders due to its flexible timing and the opportunity it provides to diversify portfolios. It’s especially attractive to those looking to invest in safe options like precious metals during economic downturns. What is Traded in the Commodity…

Union Road and Transport Minister Nitin Gadkari has introduced the Humsafar Policy, a new initiative aimed at improving facilities on national highways for travelers. Long road trips can be challenging, especially when traveling with family, children, or individuals with special needs. To address these issues, the Humsafar Policy will provide modern amenities on highways, ensuring comfort and safety for all passengers. Better Facilities for Travelers Gadkari announced that this policy will focus on providing clean and well-maintained rest stops on national highways. These rest stops will include basic yet essential facilities like clean toilets, child care rooms, and accessible areas…