Wellness Financial News

By Nitin Kumar

Owning a home is the biggest dream for the majority of Indians. As housing has become one of the most expensive investments in one’s lifetime, one may not be able to go about it without the help of a home loan — which in turn, is high in amount and has a longer repayment duration.

Individuals should consider investing in hybrid funds now for capital appreciation as well as lower tax outgo. The tax efficiency from indexation benefits as well as the 20% special tax rate boosts returns and makes these funds an appealing option for those seeking a blend of stability and growth potential.

Max Healthcare Institute Ltd. traded 1.97 per cent lower in Monday's session at 11:37AM (IST). The stock opened at Rs 849.8 and has touched an intraday high and low of Rs 851.25 and Rs 833.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 909.0 and a 52-week low of 412.0. About 9,867 shares changed hands on the counter so far.

Infibeam Avenues, a fintech firm, saw its shares gain 10% to ₹37.90 apiece in today's (Monday) intraday trade after the company announced an investment of $10 million for the acquisition of a 20% strategic stake in XDuce, a renowned enterprise application and AI development company based in the United States. With headquarters in New Jersey, USA, XDuce has a team of over 150 software developers in the US, servicing some of the marquee Wall Street and insurance clients in North America.

Varun Gandhi, reports suggested, will fight the election as an independent candidate from Amethi, with outside support from the Congress and Samajwadi party alliance. The two parties sealed the seat-sharing formula and Amethi and Rae Bareli are the two seats which the Congress got in deal. Amethi was earlier held for 15 years by Varun's cousin Rahul Gandhi, who was defeated by BJP leader and now Union Minister Smriti Irani in 2019.

Shriram Finance, KFin Tech, Eicher Motors, TVS Motors, Coal India, L&T, Thermax, NTPC, JSW Energy, Godrej Properties, Macrotech Developers, Bharti Airtel, Honasa Consumer, Zomato, Piramal Pharma, Apollo Hospitals, Ultratech Cement, Ambuja Cement, Kajaria Ceramics, Amber Enterprises, Supreme Industries, and PI Industries. Axis Bank: Axis Bank is one of Jefferies' top picks, as it believes that past investments have made the franchise stronger and that the bank is on track to deliver 16-18% growth in loans, improve its deposit profile, and sustain ROE of 18%. Integration with Citibank’s India retail platform is progressing well with limited attrition among staff and customers and significant scope for synergies in 60 areas on revenues and cost.

Investing.com-- Gold prices retreated in Asian trade on Monday, remaining well within a recent trading range as anxiety over higher-for-longer U.S. rates grew in anticipation of key economic readings. 

(Reuters) -Goldman Sachs and Abu Dhabi's sovereign wealth fund Mubadala have struck a $1 billion deal, signing a seperately managed account in which the companies will co-invest in private credit in the Asia Pacific, the companies said on Monday.

Investing.com-- Most Asian currencies fell on Monday, while the dollar regained some ground as investors hunkered down before a barrage of cues on interest rates and U.S. inflation due later this week. 

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Shweta Rajani, Head-Mutual Fund, Anand Rathi Wealth, says “any capital asset that you have held and sold like real estate, depending on the holding period will be categorised under short-term or long-term capital gain. You could have had unlisted equity or listed equity that made any gains on that. You could have debt mutual funds, you could have some bonds that you have sold. So, again, listed bonds or unlisted bonds – either way – will again come under the head of capital gains. So, a simple definition is any capital assets sold will have an implication of capital gains.” Let us start by talking about the role that taxation plays in one's investment decision-making process and to what extent investors must be wary of tax when they are deciding where they want to invest and where they want to park their money. Shweta Rajani: Since we are talking about tax and investments, both are actually interrelated. When you are taking your investment decisions, one of the factors that one must look at would be taxation. So, generally when we are looking at our investment opportunities, we would look at what can be the return expectation, what is the time horizon, what is the risk factor. Like that, I think liquidity and tax implications should be one key factor for determining whether you should invest in that instrument or not. So, it should be, a key selection criteria, while it should not be the only selection criteria.

Article 370 Box Office Collection Day 3: Yami Gautam’s starrer Bollywood movie, Article 370, was released alongside Vidyut Jamwal’s action thriller film Crakk on Friday, February 23. On Day 3 as well, the movie managed to outnumber Crakk which amassed ₹2.4 crore net on its first Sunday. According to estimates by industry tracker Sacnilk, the film managed to rake in ₹22.8 crore net within its three-day run in theatres.

Hrishan has just received his annual bonus. In the past, he has spent similar windfalls frivolously, yielding no tangible benefits. Determined to be more purposeful this time, Hrishan is thinking of using the money to prepay some of his existing loans or following his friend’s suggestion to invest. He has a solid savings and investment strategy that he typically adheres to, but he’s also tempted to accelerate his goal of purchasing an Apple laptop, a long-standing aspiration. He has his eye on a new car as well. Hrishan is torn between the various options for using his bonus. Hrishan must assess whether he has factored in this extra income while drafting his budget and savings plan. If he has, he should adhere to the plan and not view the bonus as a supplement. However, if the bonus is indeed unexpected additional money, Hrishan needs to weigh his options and determine his course of action. While deliberating on the options, it would be prudent to transfer the money to a liquid fund to prevent impulsive spending. Repaying a high-interest loan would enable Hrishan to save on interest expense and release his regular income from EMI obligation. It is advisable to prioritise the settlement of credit card and personal loan debts, which typically attract higher interest rates, before considering partial repayment of home loan. If Hrishan perceives his current job as precarious or prefers flexibility in career, keeping his loan burden minimal might be wise.

Investing.com-- Oil prices fell in Asian trade on Monday, extending steep losses from the prior session as markets remained uncertain over demand, especially in the face of higher-for-longer U.S. interest rates.

Tata Motors, Mahindra & Mahindra and Ola Electric—have already cleared the eligibility criteria for the incentives for multiple products, the certifications for auto parts makers were significantly delayed given a complex process involving auditor certifications for domestic value addition (DVA) at the component makers’ tier-II and tier-III vendors. With the advanced auto parts makers receiving certification confirming they meet the stringent 50% DVA criteria laid down under the scheme, the decks have now been cleared for the government’s move to finally start disbursements under the scheme, which it has said will begin in fiscal year 2025.

Mumbai bench of Income Tax Appellate Tribunal has allowed ICICI Bank Ltd to avail ₹1,855 crore bad debt write-off as deduction, but dismissed the private bank's appeal seeking ₹502-crore worth long-term capital loss allowance. The appellate tribunal was hearing ICICI Bank's appeal against an order of principal commissioner of Income tax (PCIT) for 2015-16. The PCIT had ruled that an allowance of long-term capital loss of ₹996 crore was irregular and that the bank had claimed an excess capital loss of ₹502 crore. The bank had calculated capital gain and capital loss while acquiring and selling shares, applying the cost of inflation index on foreign currency rather than Indian currency, it said. The ITAT bench of Sandeep Singh Karhail and Prashant Maharishi upheld the order of PCIT and observed that ICICI Bank transacted in Indian currency and, therefore, it could not have indexed the cost of inflation on foreign currency.

sequel to The Batman is set to continue the dark and stylish saga of Gotham's hero, with Robert Pattinson reprising his role. Here's a comprehensive look at everything we know so far about The Batman 2, from its release date to its cast and potential plot.

Dhruv Jurel played out of his skin to 90 and whittled England’s first-innings lead down to only 46 and the spin ruled the roost. The sheer class of R Ashwin and Kuldeep Yadav was too much to resist and England had their worst batting day of this series, collapsing from 110 for 3 to 145 all out, leaving India with a target of 192 on a tricky pitch. When the day began, India were well behind the game, at 219 for 7 and staring at the real possibility of allowing England to take a sizeable lead.

Kalpen Parekh, 51, believes in conservative investing. However, the managing director and chief executive officer of DSP Mutual Fund, has now tweaked his strategy on debt investments. “Our view is that interest rates are now reasonably priced and long-duration looks attractive right now," Parekh says.

MUMBAI : Payment gateway business Razorpay Software Pvt. Ltd is preparing to launch its products in new Southeast Asian and West Asian markets this year, aiming to garner 5-10% of its revenue from its international business in 3-5 years. “We should definitely launch in some new countries this year as we look to expand our business in Southeast Asia and Middle East," said co-founder and managing director Shashank Kumar.