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HUF then continues with my 4 family members. Post the partial partition my brother and his family will have no claim in the HUF. Later at any given time, I can fully partition the HUF amongst my family after taking the ITO assessing officer’s concurrence.

Jeevan Labh saving plan from LIC is a non-linked, participating individual life assurance plan that combines savings and protection elements in an appealing way. This plan offers a lump sum payment at maturity for the surviving policyholder and financial support for the family of the deceased policyholder in the terrible event of the policyholder's passing before maturity. Through its credit facility, this plan also addresses the issue of liquidity. Also read:LIC Bima Ratna life insurance plan: 9 things to know

stock market experts, these new age internet stocks are witnessing sharp upside movement these days as profitability of these companies have improved i recent quarters. Lowering of expenses have also done the trick for these internet stocks, say experts.

On the technical charts, the 200-DMA of the stock stood at Rs 637.94, while the 50-DMA was at Rs 678.84. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

On the BSE, Trident Lifeline(down 11.00 per cent), Angel Fibers(down 9.97 per cent), SSPN Finance L(down 9.88 per cent), Photoquip Ind(down 9.71 per cent) and Sea Gold Infra.(down 8.96 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 16 stocks traded in the green, while 34 stocks traded in the red.

BlackRock filed for a spot bitcoin ETF with the United States Securities and Exchange Commission (SEC). It filed its application through the company that manages its family of ETFs — iShares. It set off a trend with several other traditional finance and crypto-heavy financial institutions refiling for spot ETFs.

Day trading guide for today: After showing a sustainable upside move in the last couple of sessions, Indian stock market shifted into consolidation and closed lower on Thursday. Nifty 50 index went off 17 points and closed at 19,794 levels, BSE Sensex shed 64 points and ended at 66,408 mark. However, Nifty Bank index finished 82 points higher at 44,599 levels.

Also Read: 6 things that changed for the stock market overnight - Gift Nifty to US inflation Here’s what to expect from Nifty 50 and Bank Nifty today: Nifty 50 remained in a range-bound pattern after a flat opening on Thursday. “We can expect the market to continue this range-bound movement until Nifty makes a decisive breakout either above 19,850 or below 19,750.

Fletcher Building has accused Western Australia’s largest homebuilder BGC of blame-shifting and making unfounded allegations over plumbing pipe leaks in 11 per cent of new houses built in WA between 2017 and 2022 which used a specific Fletcher product.

US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise. On Friday, the yield on the 10-year US Treasury note climbed to 4.88 percent for the first time since 2007, while the 30-year offering reached 5.05 percent, also a 16-year peak. Both have edged back in recent days, due mainly to elevated geopolitical risk, analysts say, although yields remain high. The most oft-cited justification for the rise has been expectations that monetary policy will stay hawkish in response to the resilient US economy. «The Fed expectations have been shifting,» said John Canavan, analyst at Oxford Economics. «From the Fed's perspective, we're seeing stronger than expected economic growth, some increase in inflation and uncertainty, particularly as oil prices surge again.» While two-year US treasuries are considered the closest proxy to Fed interest rates, the market has been unsettled by the jump in yields of longer-run bonds of five, 10 or 30 years. «Something is happening in the bond market and nobody fully understands how you kind of break it down,» said Adam Button of ForexLive. Karl Haeling of LBBW pointed to increased bond issuance by the US Treasury Department, saying markets are increasingly worried that the US «fiscal situation is moving on a long-term unsustainably bad trajectory.» For Yardeni Research, «the bond market has changed recently and disconcertingly,» the consultancy said in a recent posting. Perplexing moves by US treasuries in response to economic news «suggest a shift in bond investors' focus from what monetary policymakers may do, to rising alarm about what fiscal policymakers are doing.» «The worry is that the escalating federal budget

Sensex declined 64 points to close at 66,408 and the broader Nifty dropped 17 points to close below 19,800 level. Stocks that were in focus included names like NMDC, which rose 5.42%, Britannia, which rose 0.1%, and Laurus Labs, whose shares jumped 0.14% on Thursday. Here's what Amol Athawale, VP-Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today. NMDC — Buy Last Thursday, the stock registered a fresh 52–weeks high of 159.90, and this week so far, the stock rallied nearly 10 percent. On daily and weekly charts, the stock has formed a long bullish candle and it is also holding an uptrend continuation formation which is largely positive. For the breakout trades now, 152-150 would be the key support levels to watch out.

Oil prices rose on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter. Brent futures rose 36 cents, or 0.4%, to $86.36 per barrel and U.S.

Buy or sell stocks for today: Indian stock market snapped two days rally and ended lower on Thursday. Nifty 50 index went off 17 points and closed at 19,794 levels, BSE Sensex shed 64 points and ended at 66,408 mark.

fund managers in September bought into select PSU stocks where valuations are still low and they are likely to benefit as a new capex cycle kicks in. Stocks like Coal India, REC, PFC, Power Grid, Bharat Electronics and HPCL were among the picks of fund houses. As investors continued to allocate money to mid-, small-cap and multi-cap schemes, fund managers looked at companies that would benefit from the stability in the Indian economy.

MUMBAI: Anand Rathi Wealth has reported a 37% year-on-year jump in consolidated revenue at 189 crore for the quarter ended September 2023. The wealth firm’s net profit surged 34% year-on-year to about 58 crore during the period.

Sebi) has noticed entities using the alternative investment fund (AIF) structure on several occasions to circumvent regulations, its whole-time member Ananth Narayan said on Thursday. The regulator found entities breaching the spirit of the law while doing inspections and from market intelligence, he said. «We have seen AIFs being used by certain financial institutions to avoid recognition of non-performing assets, to effectively evergreen some assets.

emerging Asia, in addition to his existing role as CEO for the Deutsche Bank Group, India. The move was announced on Wednesday in an internal notice to Deutsche Bank's staff.

MUMBAI: Health insurer Niva Bupa on Thursday said a clutch of private equity funds have committed to invest 800 crore in the company. India Business Excellence Fund IV (MO Alternate Investment Advisors), Temasek and Paragon Partners Growth Fund II will be investing the money for a minority stake in company.

MUMBAI: India Post Payments Bank (IPPB) and Small Industries Development Bank (Sidbi) have tied up to accelerate formal financial services in rural India and among smaller companies. The agreement is to leverage India Post’s deep connect with rural India and Sidbi’s lending and credit risk assessment models that could help millions get formal credit.

The independent directors of ailing packaging group Pact Group have told shareholders to reject a takeover bid by Rich Lister Raphael Geminder, who already owns just over 50 per cent of the company.

Apple and Samsung, among others, and their brand image hurt due to intense government scrutiny, top Chinese smartphone brands are scrambling to protect their turf in the Indian market by strengthening their presence in offline retail, roping in brand ambassadors, launching new initiatives, and focusing on product quality. These strategies are causing a marked shift in the way these Chinese brands are operating in India this year where smartphone demand has weakened amid higher product prices and economic uncertainties, brand experts and market trackers said. Experts feel that this is also a good time for new entrants such as Nothing and Google to get a foothold with relatively lower entry barriers as compared to other markets. Increased scrutiny by Indian authorities and tepid demand for higher volume smartphones costing less than Rs 10,000, where Chinese brands have a major presence, has seen the combined share of these products drop to 61% in Q2 2023 from their peak of 77% in Q1 2020.