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.
The Oberoi family, owners of the renowned Oberoi and Trident hotel chains, are facing internal conflict as a legal battle unfolds among siblings over control of the family business. The feud, centered on the family’s holdings in EIH Limited, the company that manages Oberoi Hotels and Resorts, has brought into public view another dispute among India’s prominent business families. The latest family member to take legal action is Anastasia Oberoi, daughter of the late Prithviraj Singh Oberoi, former chairman of the Oberoi Group. The conflict has led Anastasia to approach the Delhi High Court with a petition to stay specific…
Equity Linked Savings Schemes (ELSS) continue to be a popular choice among investors for their potential high returns coupled with tax-saving benefits. Known for a mandatory lock-in period of three years, ELSS funds invest predominantly in equities and are the only mutual fund category eligible for tax deductions under Section 80C. For investors looking to grow wealth while saving on taxes, ELSS offers a compelling combination. Here’s a look at the top-performing ELSS funds of 2024 that have shown impressive returns, both on lump-sum investments and Systematic Investment Plans (SIPs). Understanding ELSS and Its Tax-Saving Advantage ELSS funds allocate at…
Apple, a brand synonymous with premium smartphones and gadgets, has undergone a significant shift in focus. For years, Apple’s primary market in Asia was China, where its iPhones and other products were highly popular. However, in recent times, the company has faced challenges in China, with sales declining and local competition increasing. In contrast, Apple has found a promising growth path in India, a market it once overlooked. Here’s a look at how Apple’s focus has shifted from China to India and the factors behind this change. Apple’s Journey in India: A Market Once Overlooked Apple launched its first iPhone…
In a major step to make income tax filing easier for millions of taxpayers, Finance Minister Nirmala Sitharaman recently held a review meeting on India’s Income Tax Act, 1961. The six-decade-old law, which governs income tax procedures in India, is being overhauled to address taxpayer issues, streamline processes, and reduce complexities that make filing returns challenging. In a recent budget speech, Sitharaman promised to initiate this review within six months, and the ministry is now actively working to fulfill that commitment. 22 Special Sub-Committees Lead Detailed Review To ensure a thorough review of the Income Tax Act, the Finance Ministry…
With the rapid growth of digitization, mobile phones and laptops have become essential devices in every household. From online classes to work-from-home jobs, the demand for these gadgets has surged, leading to a parallel increase in repair needs. If you’re looking for a profitable business idea with minimal investment, starting a laptop and mobile repair center can be the perfect choice. This business allows you to work from home or a small setup and requires only a modest investment in tools and basic supplies. Here’s a complete guide to help you start your own repair center and begin earning a…
In a significant move, Noel Tata has joined the Tata Sons board as a nominee of Tata Trusts, marking the first time in 13 years a Tata family member holds a position in both Tata Trusts and Tata Sons. This transition follows the recent passing of Ratan Tata, who held a unique role as chairman of Tata Trusts and chairman emeritus of Tata Sons. Noel Tata’s appointment indicates a new phase for the Tata Group as it redefines its leadership strategy. Noel Tata, aged 67, now serves alongside TVS Chairman Emeritus Venu Srinivasan and former defense ministry official Vijay Singh…
Swiggy, one of India’s leading online food and grocery delivery platforms, is set to launch its IPO on November 6, aiming to raise approximately ₹11,327.43 crore. With this much-anticipated public offering, Swiggy enters the stock market in direct competition with its rival Zomato, which has already established itself as a profitable player. Swiggy’s IPO consists of 11.54 crore fresh equity shares worth ₹4,499 crore, alongside an Offer for Sale (OFS) of 17.51 crore shares valued at ₹6,828.43 crore. This places Swiggy’s IPO valuation at around $11.3 billion, slightly above its valuation from the last funding round in 2022. But with…
For investors eagerly awaiting Reliance Jio Infocomm’s IPO, there’s exciting news. Reliance Jio, the telecom giant owned by Mukesh Ambani, is expected to launch its much-anticipated Initial Public Offering (IPO) in 2025. Though no official statement has been released, reports indicate that this could become India’s largest IPO, given Jio’s estimated $100 billion market valuation and massive customer base. Reliance Jio’s Projected Market Value With over 479 million subscribers, Reliance Jio is a telecom leader in India, outpacing competitors like Bharti Airtel. The estimated market valuation for Jio stands at around ₹8.4 lakh crore (approximately $100 billion). This value could…
Bajaj Finserv Mutual Fund has announced the launch of its New Fund Offer (NFO) called the Bajaj Finserv Consumption Fund, opening for subscription on November 8, 2024, and closing on November 22, 2024. This new offering focuses on capitalizing on India’s rapidly expanding consumer market, one of the largest globally, driven by rising disposable income, urbanization, and a growing middle-class population. Here’s a closer look at the details of this fund and what it could offer to long-term investors. Bajaj Finserv Consumption Fund NFO: Key Details The Bajaj Finserv Consumption Fund NFO will be managed by a team of experts,…
Investors seeking both growth and tax benefits often look at Equity Linked Savings Schemes (ELSS) as a solid option. SBI Long Term Equity Fund, an ELSS offered by SBI Mutual Fund, has emerged as a top choice for wealth creation, with returns surpassing 140 times since its inception. With tax advantages and a strong history of high returns, it provides a balanced approach for long-term investors. Let’s break down what makes this fund a top performer and how it has helped many investors build wealth while saving on taxes. What is SBI Long Term Equity Fund? SBI Long Term Equity…