Experts Financial News

My 66-year-old sister has no income and no one to support her after she lost her son. I have decided to sell her flat and move her to a senior living home with a monthly expenditure of Rs 50,000. The sale will leave me with about Rs 1 crore after deducting capital gains tax. How should I invest this amount to generate a monthly income for her? Vidya Bala, Co-Founder, PrimeInvestor.in: Invest in safe options that give around 7% return. Choose from the Senior Citizens’ Savings Scheme, RBI Floating Rate Bonds, and bank fixed deposits that you can lock in at this rate for five years or more. Considering her age, keep at least 10% of the corpus in a combination of savings bank account and short-term bank FDs so that it can be easily liquidated. This will also be necessary to pay taxes, apart from possible medical needs.

₹460 per share, 10% higher than the issue price of ₹418. On BSE, Medi Assist share price was listed at ₹465 apiece, up 11.24% than the issue price.

₹61,964 per 10 grams. Also Read: Gold lags Nifty 50 in last 6 months; what's the future outlook for bullion? Here's what experts say While geopolitical tensions continue to provide some support to precious metals, incoming macro numbers and rate-cut talks may keep them volatile. According to Reuters, the US flash PMI report on Wednesday, fourth-quarter advance GDP estimates due on Thursday and personal consumption expenditures data on Friday, before the Fed's next meeting on January 30-31, will be on investors' radar.

Amidst the competitive market of digital currencies, analysts are turning their focus to a compelling Solana rival – Pandoshi (PAMBO). Currently priced at $0.008, this token is capturing the attention of market experts who predict an unprecedented rise to $10 by 2024. Such a significant forecast is rooted in Pandoshi’s innovative technology and strategic positioning in the market, distinguishing it from established players like Solana.

Buy or sell stocks for today: After showing a reasonable upside bounce from the lows in the last two straight sessions, the Indian stock market shifted into a consolidation on the special trading session of Saturday. Nifty 50 index ended 49 points lower at 21,571 level, and the BSE Sensex shed 77 points and closed at 71,423 mark.

Medi Assist IPO: The listing date of the initial public offering (IPO) of Modi Assist Healthcare Services Ltd has been fixed on 23rd January 2024 i.e. today. As per the information available on the official website of BSE, Medi Assist share price will be listed on BSE and NSE in a special pre-open session on 23rd January 2024.

Angel One Ltd and MAS Financial Services Ltd will be in focus when the stock market opens on Tuesday (January 23). The Board of Directors of these companies have declared an interim dividend for the eligible shareholders. Angel One: The company has declared an interim dividend of ₹12.70 per equity share.

Netflix on Wednesday with its five hosts, who are also called Bobby Berk, Fab Five: Jonathan Van Ness, Antoni Porowski, Karamo Brown, Tan France. As per Netflix's season explanation, the Fab Five are entering into a former nun's life who is the largest Kiss fan as well as the Louisiana School for the Deaf's football coach among others.

₹6,000 crore that aims to tackle India’s growing groundwater crisis. While this is a significant achievement, it still needs to be improved for the country to achieve water security. India can tap the climate-development nexus by conserving and using its water resources smartly, while proactively addressing climate change.

The average deal size increased 8% to $119 million. Foreign institutional investors continued to be the largest contributors with a 63% share of the total investments, according to data from JLL India. Interestingly, the market also witnessed a significant increase in investments from domestic domiciled investors.

₹95,585.6 crore via equity schemes of mutual funds in the fiscal year through November, retail investors—including small, HNI and NRI investors—investing directly on the exchanges have net sold shares worth ₹43,091 crore over the same period. While purchasing a net ₹8,700 crore on NSE, they net sold shares worth ₹51,791 crore on BSE, accounting for an overall net sale figure in the period under review.

Brent crude experienced a 90-cent increase, reaching $79.46 per barrel by 1450 GMT. Simultaneously, the front-month US West Texas Intermediate crude futures contract for February delivery saw a $1.10 rise, reaching $74.42 per barrel in subdued trading conditions as the contract approached its Monday expiration. The March WTI contract, which was more actively traded, rose by 91 cents to reach $74.16.

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Track Ram Mandir live updates here “Property prices in Ayodhya have risen by 5-10 times ever since the construction of Ram Mandir broke ground. Based on the type of property and proximity from the temple, price of land and properties have escalated, with rates fluctuating between ₹2000 per sqft to almost ₹20000 per sqft within 5-10 kms of the temple site. With lakhs of visitors expected to visit the temple city post inauguration, it is expected that the prices can go up by 12-20 times in the next decade," said Ravi Nirwal, Sales Director and Principal Partner, Square Yards.

Zee Entertainment Enterprises Ltd after snapping merger negotiations that would have created among India’s largest media networks. The unravelling of the deal will hurt both the companies, say experts, especially in the context of the ongoing talks for a merger of Disney Star with Reliance Industries-controlled Viacom18 Media Pvt Ltd. Disney Star is already India’s leading network, with more than a 30% share of the market.

The property market in the key cities of Uttar Pradesh is currently on a roll, including that of Ayodhya. And the historic inauguration of the Ram Mandir on January 22 is all set to give Ayodhya’s real estate a further boost. In fact, property prices in and around the city have already risen significantly during the last 4-5 years and are likely to surge further in the years to come.

Interim Budget 2024 on 1 February 2024. Making taxes simpler or removing them for pension and annuity products will encourage more people to invest in these important financial protections, believe experts.

Gold rate today: After hitting the five-week low of ₹61,400 odd level last week, gold price on the Multi Commodity Exchange (MCX) bounced back strongly and regained around ₹600 per 10 gm on the MCX. According to commodity market experts, profit-booking in US treasury yield and strong US economic data fueling speculations about the US Fed rate cut are some of the major reasons that enabled the yellow metal to pare the lost ground on the weekend.

Budget 2024: Besides being the annual financial statement of the government and a projection of its revenue and expenditure in the coming year, the budget is also an eloquent device that speaks of a government's priorities in general. In its banner announcements as well as fine prints, a budget will tell you a lot about what the government wants.

Catch all the Ayodhya Ram Mandir Inauguration Live UpdatesView

Medi Assist IPO: The listing date of the initial public offering (IPO) of Medi Assist Healthcare Services Ltd has been fixed on 23rd January 2024. As per the information available on the Indian exchanges, shares of Medi Assist Healthcare Services Ltd are going to list on BSE and NSE in a special pre-open session on 23rd January 2024 i.e. on Tuesday this week.