Author: Shehnaz Beig

Niva Bupa Health Insurance, a well-known name in India’s health insurance sector, is set to launch its initial public offering (IPO) on November 7, 2024. The company aims to raise Rs 2,200 crore, with a price band set at Rs 70-74 per share. Investors have until November 11 to participate in this public offering. Here’s a quick guide covering key points, including details on share allotment, company valuation, and shareholding structure. IPO Price Band, Issue Size, and Key Dates Niva Bupa’s IPO will see both a fresh issue of shares and an offer for sale (OFS) by existing promoters. The…

For investors seeking long-term wealth creation and tax benefits, the HDFC ELSS Tax Saver Fund has proven to be a standout option. Launched in 1996, this fund has consistently delivered impressive returns, even outperforming its benchmarks over the years. Here’s a closer look at how disciplined investing in this fund through SIPs has helped investors accumulate substantial wealth. Impressive Returns Over the Years The HDFC ELSS Tax Saver Fund has consistently rewarded its investors, making it one of the top-performing funds in the equity-linked savings scheme (ELSS) category. From 2019 to 2024 alone, the fund has showcased a robust performance,…

In a highly anticipated U.S. election, Donald Trump has emerged victorious, defeating his opponent Kamala Harris. Celebrating in Palm Beach, Trump gave a victory speech that included notable praise for Elon Musk, the world’s wealthiest entrepreneur and CEO of companies like Tesla, SpaceX, and social media platform X. Trump highlighted Musk’s genius, calling him a visionary and a vital asset to America. With Musk’s public support for Trump during the campaign, it seems likely that Musk may receive strategic benefits as Trump takes office. Here’s a closer look at how this victory could impact Musk’s businesses and future endeavors. 5…

Donald Trump’s victory in the U.S. presidential election has always been an event that stirs up global conversations, especially in countries like India, where economic and geopolitical interests are closely tied to U.S. policies. If Trump does return to the White House, his economic approach and stance on foreign policy could bring a mix of opportunities and risks for India. Let’s take a look at the five key areas where India could gain and the five challenges it may face under a Trump administration. 5 Ways India Could Benefit from Trump’s Presidency 5 Challenges India May Face if Trump Wins…

Investors looking for high-growth opportunities in mutual funds often turn to the largest players in the industry, and SBI Mutual Fund (SBI MF) has proven its strength. In the past year, SBI MF’s top five equity schemes have delivered substantial returns, ranging between 55% and 64%, making them stand out among equity funds. Interestingly, these schemes cover various sectors, including PSU and healthcare, as well as large-cap ETFs and index funds. These returns have attracted investors seeking capital growth, and with high SIP (Systematic Investment Plan) returns over the last three years, these funds have sparked interest among those with…

Getting into an IIT (Indian Institute of Technology) is the ultimate goal for many aspiring students in India. However, a select few who enter these prestigious institutions eventually leave midway, only to carve a different path to extraordinary success. Let’s take a look at some remarkable IIT dropouts who transformed their dreams into reality, becoming well-known billionaires, business leaders, and influential figures. Mukesh Ambani: The Billionaire Behind Reliance Mukesh Ambani, now one of the world’s wealthiest people, had once set foot on an academic journey at IIT before deciding to switch paths. Born into a family with an entrepreneurial spirit,…

The IPO of food delivery and quick commerce company Swiggy has opened for public subscription as of 6 November 2024. The offering will be open until 8 November, allowing investors a limited window to secure shares priced between Rs 371 and Rs 390. With an IPO size of Rs 11,327 crore, this much-anticipated public offering is already generating buzz among retail and institutional investors. Let’s take a closer look at what experts are saying about this IPO, the company’s growth plans, potential risks, and how it stacks up against its closest competitors. IPO Highlights and Key Dates Swiggy’s IPO has…

With the introduction of the new tax regime, many salaried employees are questioning how their Employees Provident Fund (EPF) benefits will be impacted. EPF has long been a cornerstone of retirement savings in India, offering significant tax advantages. However, the new tax regime brings some changes that employees need to understand to make informed financial decisions. Understanding EPF Under the Old Tax Regime Under the old tax regime, EPF enjoyed a “Triple E” status—Exempt on contributions, Exempt on interest earned, and Exempt on the maturity amount. This meant that: This made EPF a highly attractive savings option, offering substantial tax…

The Nifty India Defense Index has made waves in the stock market by delivering a remarkable 100.71% return over the last year. Driven by India’s focus on self-reliance and defense sector growth, this index has become one of the most appealing investments for Indian investors. But after such stellar performance, many wonder: is there still profit potential, or is the growth momentum slowing? With an eye on the future, let’s examine this index’s structure, major components, recent trends, and the possible outlook for investors. Understanding the Nifty India Defense Index The Nifty India Defense Total Return Index is a specialized…

Bihar’s recent IT Policy 2024 is turning the state into an emerging investment hub. The policy, launched in January 2024, is attracting attention from companies in IT, data centers, drone manufacturing, and electronic system design. This interest is expected to bring large investments, boost infrastructure, and generate employment across Bihar. Here’s a closer look at the new developments and the companies eager to capitalize on Bihar’s growth-friendly policies. Investment Surge Driven by New Policy The Bihar government’s IT Policy 2024 includes incentives that are proving attractive to businesses from both India and abroad. These incentives, combined with the state’s strategic…