The investor and taxpayer should separate from one another. Investments should be made based on outlook for the asset class. The taxpayer should use all tax breaks available to save on tax.
Dispute Redressal Forum here has asked the bank to refund the entire EMI charged unduly for 20 months from a policeman and directed it to pay him Rs 50,000 as compensation for deficient services.
Analysts say this may lead to further liquidity issues, lower sales for developers, which can force them to cut prices.<br /><br />
In what could be seen as a move to prevent India's very own sub-prime crisis, the Reserve Bank of India has asked banks to desist from upfront disbursal of sanctioned housing loans to builders and instead link housing loans to stages of construction of a project to protect the home buyer and the lender from additional risks.<br /><br />
Crisis-hit National Spot Exchange Ltd (NSEL) today defaulted in payment of Rs 174.72 crore to investors as it could pay only Rs 15.37 crore, the third consecutive failure to meet their obligations.
The two working groups, set up to look into violations by NSEL in the payment crisis on the commodity exchange, are likely to submit their reports to the Department of Economic Affairs by 12 September.
Equities have recently been pressured by the prospect of a Western strike against Syria after chemical weapons were used to kill civilians. The geopolitical uncertainty contributed to steep losses in August, which marked the worst month for the S&P 500 .SPX since May 2012.<br /><br />
Not every one will have the courage to buy equities in such choppy markets. Definitely not the retail investor. So does the retail investor have any safe options at all? Actually you do.
For those who rejoiced after a marginal pull back in the rupee, here's a reality check: extreme volatility is back to haunt the markets, with the rupee plunging below 67 again and shares falling 400 points.<br /><br />
Overseas investors, who have been net buyers of Indian shares so far in 2013, have sold the same in each of last 3 months weighed by a record low rupee, persisting worries on fiscal deficit and a policy flip-flop amid a slowing economy.<br /><br />
The next year will be an economic roller-coaster, and hence needs an investing strategy that looks both at the short-term and the post-election phase.
The government's paranoia about gold is now turning into madness.
The rupee will touch 70 but will bounce back since it is undervalued at 65-70 levels, Nilesh Sathe, CEO, LIC Nomura Mutual Fund to Firstpost in an interview.
The Indian stock markets are likely to be in a consolidation mode now with a positive bias after last week's extreme volatility.
In 2012-13, firms garnered nearly Rs 16,000 crore through issuance of shares to institutional investors against Rs 2,163 crore garnered through QIPs in the previous fiscal.
A breakout past the swing high at 5,765 is required to indicate that a meaningful bottom is in place at Wednesday's low of 5,118.<br /><br />
A good investment option at good rates given the volatility. Invest if you have exhausted your EPF and PPF options.
This facility is after a minimum lock-in period of three years from the date of issue, RBI said in a statement. <br /><br />
Prices of gold today fell and closed at Rs 31,700 per ten grams and silver at Rs 54,000 per kg in the national capital today.
The genesis lies in the bifurcation of income into Expenses, Debt Servicing and Investment to attain future goals
Corporate bond issuances have sharply declined post the central bank's measures since mid-July to curb volatility in the forex market by making rupee funds expensive, driving firms to bank loans.<br /><br />
Thankfully the only thing your bank won't impose charges for is if you talk to a customer service agent to block your cards, in case of loss or theft.<br /><br />
According to the Reserve Bank of India, the maximum number of complaints which the banking ombudsman receives each year is debit/credit card-related complaints
Resistance levels are areas where the supply of stock far exceeds demand leading to a drop in price. Last week, the index was at resistance and Sensex cleared that resistance level when it went all the way up to 19,300. The Nifty, however, is weaker than the Sensex and has not reached the resistance level yet.
From a medium term perspective the markets seem to be consolidating before making their next move.
Just like previous week, the Sensex continues to be stronger than the Nifty, making the 30-share index a better buy than Nifty.
The charts show a "topping tails" formation which are a bearish signal. Only central bank money printing can change the signal, but they can't print forever.