Markets regulator Sebi Monday announced changes in norms related to payment of commissions and disclosures for the mutual fund industry. Changes have been made to various circulars issued earlier, including the circular issued in October 2018 wherein Asset Management Companies (AMCs) were asked to adopt full trail model of commission in all schemes. Besides, upfronting … Read more
Do you remember the last time you wanted to sell your house but had to pay long term capital gain tax (LTCG)? Well, there’s good news for you. With the Interim Budget of 2019, you can invest in two houses and save taxes from the fiscal year (FY 2020). As some of you may be … Read more
The Interim Budget 2019 proved to be a mixed bag of sorts, but there were a fews sops going in the favour of the middle class. Usually overlooked, the middle class have got tax-breaks in the form of rebates, and tax exemptions on property. With more cash at their disposal, the middle class consumption power … Read more
You can now keep all your investment woes aside. ICICI Securities Limited (I-Sec) has announced that it will be using the path breaking Unified Payment Interface (UPI) system as its new payment mode. This mode will enable quicker and more efficient investing. The UPI service will open up new payment avenues as well as previous … Read more
India Inc has witnessed a decent broad-based revenue growth of 22% on a Y-o-Y basis during Q1 FY2018-19, according to a study done by ICRA. A sample of 173 companies indicated that sales growth was stronger in consumer-oriented sectors (auto OEMs, FMCG, consumer durables and airlines) and commodity-linked sectors (cement, iron & steel and oil … Read more
BSE, established on 9th July 1875, is now in its 143rd year of existence. To mark the celebration of its foundation day, on 9th July 2018, BSE is adding one more feather in its cap called BSE Startup Platform. BSE SME segment that began in 2012 has emerged as preferred platform for SME in India … Read more
Retail bond issuances in the current financial year, FY2019 are likely to surpass their previous high of Rs 42,383 crore witnessed in FY2014. Much of this is expected to come from the Non-Banking Finance companies (NBFC)’s which have typically accounted for ~40% of the retail bond issuances during the FY2011-18 period; the balance being accounted … Read more
Laboratories Ltd. (ZLL) is a pioneer in drug delivery solutions, targeting patient convenience and adherence. ZIM stands forZeal for Innovative Medicines solutions. It uses proprietary technologies to manufacture differentiated products making the benefits available to customers as affordable solutions. From Nagpur, Central India, ZLL is EU-GMP, WHO-GMP certified and ISO 9001:2008 accredited. It is engaged … Read more
In a first in the country, HDFC Bank launched its Digital Loans against Mutual Funds (LAMF), in partnership with transfer agent CAMS. Customers can now pledge mutual fund assets online and get overdraft limit set in their account in under 3 minutes. They can now avail of this product through the HDFC Bank website in … Read more
Treatment of home-buyers at par with the financial creditors during the insolvency proceedings of bankrupt real estate developers is a positive to shore up the confidence for home buyers and the real estate sector over the medium to long term. The Cabinet, on May 23, 2018, has approved amendments to the Insolvency and Bankruptcy Code … Read more