Experts Financial News

World Financial Planning Day on 4th October this year, let's chat about something we all know but often overlook—financial planning. Financial planning isn't just for the elite or the well-versed as often misunderstood, it's for every Indian who aspires to secure their future. Why Financial Planning Is a Big Deal Picture this: You decide to go on a road trip without any idea of your destination, no map, no GPS.

Bandhan Bank Ltd. traded at Rs 251.95 on BSE at 01:49PM (IST) on Wednesday, down 0.78 per cent. The stock quoted a 52-week low price of Rs 182.2 and a high of Rs 275.7.

The NII category was also not too behind with 88.3 times subscription. The QIB part was the least booked at 60%.

interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives. According to the resolution released by the Department of Economic Affairs (DEA), Ministry of Finance on October 4, 2023, «It is announced fit general information that during the year 2023-2324, accumulations al the credit of subscribers to 1he General Provident Fund and oilier similar funds shall carry interest at 7.1 percent wef October 1, 2023 to December 31, 2023.» Also read: PPF, Sukanya Samriddhi, SCSS, NSC interest rates for December 2023 quarter announced; check here For the October -December quarter of 2023, the government has kept the interest rate on GPF and linked funds unchanged. This is expected because the interest rate of these provident funds normally follows the interest rate of the Public Provident Fund (PPF), which has remained stable during the first quarter of 2023. 1. The General Provident Fund (Central Services). 2. The Contributory Provident Fund (India). 3. The All India Services Provident Fund, 4. The State Railway Provident Fund. 5. The General Provident Fund (Defence Services) 6. The Indian Ordnance Department Provident Fund, 7. The Indian Ordnance Factories Workmen's Provident Fund. 8. The Indian Naval Dockyard Workmen's (Provident Fund. 9. The Defence Services Officers Provident Fund. l0. The Armed Forces Personnel Provident Fund.

(Note: Data is sourced from Value Research) Small-cap funds are associated with higher risk, and their performance is impacted by market fluctuations. Market experts say that in the long term, small-cap mutual fund is capable of giving the maximum returns.

ASK Wealth Advisors Private Limited. "The inclusion into bond indices is good to have, feeds incrementally into the “Bharat shining" narrative. It’s also a good sandbox regulatory experiment for RBI, to manage monetary policy while losing some policy-making flexibility.

«We think that the capex cycle is surely looking good and typically in an election year, these companies and these sectors tend to do very well so one should have a positive bias on this space,» says Hemang Jani, Independent Market Expert. Curious to get in your thoughts. What is the outlook on the capital goods space, the likes of a Siemens etc? I think within the capital goods space, what stands out for us is L&T because of the recent business updates and the fact that this open offer which got concluded, the floating stock from the retail side has reduced considerably and different business verticals are showing good traction. So L&T would be the number one pick and apart from that, I think the sector may go through a little bit of correction and depending on how the quarterly numbers pan out for companies like Siemens, ABB and whole host of midcap companies, one should be able to kind of take a call based on the inputs.

Samco Mutual Fund has filed a draft for Samco Dynamic Asset Allocation Fund. Samco Dynamic Asset Allocation Fund will be an open-ended dynamic asset allocation fund. According to the scheme information document, the investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, fixed income instruments and foreign securities. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation while managing downside risk. The performance of the scheme will be benchmarked against NIFTY50 Hybrid Composite Debt 50: 50 Index. The scheme will be managed by Paras Matalia, Umeshkumar Mehta, and Dhawal Ghanshyam Dhanani (overseas investments).

Vedanta Ltd. traded 3.16 per cent down in Wednesday's trade at 12:22PM (IST). Around 1,246,888 shares changed hands on the counter.

Following the change, the bank currently offers interest rates ranging from 3.50% to 7.50% on deposits maturing in 7 days to 10 years. The maximum interest rate on deposits maturing in 1 year 1 day – 2 years is now 7.50% for non-senior residents and 8% for senior citizens. Also read: FD interest rate up to 8.25%: These 6 banks have revised fixed deposit interest rates in October 2023

Krafton introduces Indian Faction in Road to Valor: Empires with two new guardians Krafton's KIGI programme will last from six months to a year and will support around 6-10 teams annually by mentoring them and providing them with access to the company's internal resources including data analytics and market research. After the completion of the programme, participants will have the choice to have their games self-published or take venture capital funding from external investors and Krafton.

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Stock market today: Updater Services IPO today listed on Indian bourses at 5 per cent discount. Updater Services share price opened on NSE at ₹285 per equity share but it witnessed sharp upside after discounted listing and hit intraday high of ₹298.65 apiece, paring almost losses of the allottees that they incurred after listing.

₹14,768 crore in September and ₹2,868 crore in October so far. Also Read: Nifty 50, Sensex drop over half a percent each: Five key reasons for the market fall - explained (Exciting news! Mint is now on WhatsApp Channels.

Canadians are continuing to feel the pinch on their wallets with inflation, interest rates and cost of living creating an “intensifying financial stress storm,” according to a survey by the National Payroll Institute.

Today, October 4, is World Financial Planning Day. This is an initiative of the International Organization of Securities Commissions (IOSCO). World Financial Planning Day is observed to help raise awareness of the importance of financial planning. Besides being aware, it is very important for everyone to be financially independent. 

Tata Motors as on the date of the filing of the Red Herring Prospectus with the Registrar of Companies (RoC), will be considered eligible for the initial public offering (IPO), Tata Technologies said in an addendum to its draft red herring prospectus (DRHP) filed with Sebi. The company has capped the maximum bid amount under Tata Motors shareholders' reservation portion at Rs 200,000. The issue, which is an offer for sale (OFS) will see the promoter company and two investors offloading a combined 95,708,984 equity shares. Tata Motors will offer up to 81,133,706 equity shares which is 20% of the pre-offer paid-up equity share capital of Tata Technologies. Investors Alpha TC Holdings Pte.

GAIL (India) Ltd. slipped 1.04 per cent to Rs 122.7 in Wednesday's trade as of 11:31AM (IST). The stock hit a high price of Rs 124.25 and low of Rs 122.3 during the session.

GST demand notices have been served on Indian companies in recent weeks in cases where overseas staff have been deputed to India. This follows a judgment given by the Supreme Court that the salary of ‘seconded employees’ (deputed to an Indian company), which is reimbursed to the overseas entity, will be subject to service tax. This SC order of May 19, 2022, in the case of Northern Operating Systems, has opened a pandora’s box even in the realm of GST. Abhishek Jain, partner and national head, indirect tax, KPMG-India, said: “This was largely witnessed as the period of limitation for assessment of cases for financial year 2017-18 ended in September.

After revision, the bank offers interest rate between 3.5 percent and 7.85 percent to regular citizens and 4.25 percent to 8.25 percent to senior citizens. Also read FD interest rate up to 8.25%:These 6 banks have revised fixed deposit interest rates in October 2023

On the BSE, Shashwat Furnishing(down 11.10 per cent), Naturo Indiabull(down 7.30 per cent), Inducto Steel(down 6.48 per cent), Alpine Housing(down 6.48 per cent) and MAC Hotels(down 6.42 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 9 stocks traded in the green, while 41 stocks traded in the red.