While Nirmala Sitharaman talks about “Yuva Shakti” and transforming “aspiration into achievement,” her tax proposals tell a different story for India’s burgeoning investor class. The STT Shock The biggest blow lands on derivatives traders. STT on futures jumps 150% from 0.02% to 0.05%. Options traders get hit harder—premium tax risesContinue Reading

Food major’s ad spending surge delivers record volumes albeit with a little margin squeeze  Nestle India is spending money on advertising. The maker of Maggi noodles and KitKat chocolates just posted its strongest volume growth in five years, but it came at a price: margins compressed as the company pumpedContinue Reading

Credit card company posts strong earnings, but analysts split on whether the good times can last amid 19% stock correction SBI Cards and Payment Services delivered a sparkling 45% jump in profit for the October-December quarter, but the celebrations may be premature. India’s second-largest credit card issuer is grappling withContinue Reading

Multi-asset funds with precious metal allocations crushed pure equity strategies as small-caps lost money and mid-caps barely registered gains Fund houses love to tout their range. Walk into any distributor’s office and you’ll get the full buffet: small-cap for aggressive growth, large-cap for stability, flexi-cap for flexibility, value for theContinue Reading