The Sensex and the Capital Goods Index were around 20,000 in January 2008. While the Sensex is at a much higher level now, the Capital Goods Index has not moved much. Massive capacity addition by Indian companies during the boom of 2005-08 is the main reason for this underperformance. As the economy did not grow as expected, these excess capacities remained in the system. After burning their fingers, companies became more prudent about Read more: EconomicTimes
Author: Miley Selena
For Ayan, going to college has meant learning about personal finance for the first time. Till now, he lived with his parents, who paid the bills, rent and ensured he was fed. As a student pursuing a four-year course abroad, he initially got financial support from his parents but was later on his own. He had to pay rent, buy groceries, pay his internet/mobile bills, save money for short trips with friends and even manage a credit card for the first time, none of which has been easy. He is left feeling increasingly intimidated. Becoming financially savvy is the best…
Operations of Adani Ports and SEZ, India’s largest private port and special economic zone, are moving from strength to strength. This was demonstrated once again during the first quarter of 2021-22. For instance, its first quarter cargo volume grew by 83% y-o-y compared to 33% aggregate growth by all Indian ports and helped it to corner further market share. While its cargo market share increased by 310 basis points to 28.6%, its container Read more: EconomicTimes
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. HOW THE FUND HAS PERFORMED 85124468 WHERE THE FUND INVESTS 85124478 BASIC FACTS Date of launch: 28 October 2004 Category: Equity Type: Mid Cap AUM(As on 30 June 2021): Rs 2,839 crore Benchmark: NIFTY Midcap 150 Total Return Index WHAT IT Read more: EconomicTimes
This week ET Wealth realty hot spot series takes a look at the southern suburb of Garia-Patuli in Kolkata. The area is well-connected to important commercial centres in the city. The locality offers under-construction and ready-to-move-in homes. Garia-Patuli is 25KM away from the airport and 15 KM from the nearest railway station. The price range of properties in the area is Rs 2,900-5,500 per square feet. Average price of 1 BHK, 2 BHK and 3 BHK is Rs 17 lakh, Rs 34 lakh and Rs 56 lakh, respectively. Locality snapshot: Garia-patuli, Kolkata Well-connected with important commercial centres in the city.…
This quiz is designed to test how close you are to financial freedom. Take it to know where you stand. We hope your score will free you from financial worries. Do you follow a fixed budget for monthly expenses? a Yes, follow it strictly b Sometimes budget is missed c Planning to draw up a budget d Don’t need a fixed budget How often have you dipped into your retirement savings? a Never. They are for the long term b Once or twice, due to emergencies c Quite often, to fund expenses d Have no retirement savings How much of…
Finally, Nifty goes above 16,000 mark: After remaining in a tight range for several weeks, Nifty finally decided to take an upside breakout, as predicted by technical analysts earlier. Since 16,000 was a psychological resistance, there was heavy call option writing at that level. So, breakage of 16,000 resulted in short covering and this helped Nifty to reach 16,300 levels over the next three days. After this decisive breakout, technical analysts believe that Nifty will reach higher levels in coming weeks. “Since the uptrend is continuing, Nifty may reach 16,530, the upper line of Pitchfork technical indicator, in the next…
1. This scheme is only for the girl child to encourage parents to save for their daughters from an early age. 2. The current interest rate is 7.6%. 3. A girl child can have only one SSY account in her name. 4. A parent or guardian is allowed to open only two SSY accounts except in the case of twins at the time of second birth or in case of triplets. 5. Maximum maturity period is 21 years and after the maturity the account will not earn interest and the amount will be kept idle with the government. (Content on…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. CASE I: Deepak Kumar is saving for his kid’s goals and retirement. Here’s what the doctor has advised him Investor’s existing portfolio PORTFOLIO CHECK-UP Investing in a mix of equity…
The Goods & Services Tax (GST) applies to all service providers, traders and manufacturers. The procedure for GST registration is entirely online. Every product goes through multiple stages along the supply chain before the fi nal sale to the consumer. Turnover GST is mandatory for: Companies with turnover of more than Rs 20 lakh (supply of services) and Rs 40 lakh (supply of goods) annually. Businesses making inter-state outward supply of goods. Agents and brokers, selling on behalf of taxable suppliers. E-commerce sellers/aggregators if total sales are less than Rs 20 lakh. Timelines GST registration usually takes between 2-6 working…