This week’s ET Wealth’s realty hot spot series takes a look at Prahlad Nagar, Ahmedabad. The locality boasts of good social infrastructure and is close to office buildings like Pinnacle, Shapath V, Commerce House 5 and Mondeal Square, among others. The area is well-connected through SG Highway, 100 Feet road, 132 Feet Ring Road, Sanand-Sarkhej Road and close to SP Ring Road. The locality is 22KM from the airport, 7 KM from the nearest railway station and 1 KM from the highway. The price range of properties here is the range of Rs 3,300-7,200 per square feet. The average price…
Author: Miley Selena
Simran is a young software engineer, who landed her first job a year ago. Her newly-assigned bank relationship manager wants her to start saving for her retirement corpus and in the process, build an investment portfolio over a period of time. Simran’s father suggests the same. However, she wants to take control of her financial situation and has heard about “robo-advisers” that have helped her colleagues and her seniors at college with their investment plans. As a technology-oriented individual, she is quite enamoured by the idea of using automated digital investment advisers that provide algorithm-driven financial planning services with little…
By Sudhir Kaushik of Taxspanner.com Pune-based marketing professional Damayanti Datta pays a low tax because her salary structure is quite tax-friendly. Taxspanner estimates that Datta can reduce her tax further by more than Rs 81,000 if she pays rent to her mother, gets a few more tax-free perks and her company offers her the NPS benefit. Datta lives with her widowed mother in her house and therefore, does not claim exemption for HRA. If she pays Rs 27,000 rent to her mother every month, the entire Rs 2.64 lakh HRA can be tax-free. That alone will cut her tax by…
1. An equal weighted index is a stock market index which invests an equal amount of money in the stock of each company that makes up the index. 2. The performance of each company’s stock carries equal importance in determining the total value of the index. 3. There is no unjustified concentration on few stocks or particular sector. 4. The equal weighted index is more diversified and less risky. 5. Nifty 50 equal weight index is an example of an equal weight index. (Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre,…
The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs) Resurgence of Covid cases in the US and China has started threatening global recovery and this is helping safe-haven assets like gold. Silver (Rs) Siver’s gain was restricted because of increased industrial use. ($/troy ounce) Platinum was down by 2% because a weak global economy will pull down the automobile industry, its main user. WTI Crude ($/barrel) In addition…
How Vietnam went from pandemic hero to COVID shambles Leaders assumed that early successes meant vaccination programs could wait Few economies have pivoted from an inspiring success story to a cautionary tale faster than Vietnam. Just a few months ago, the globe marveled at Hanoi’s incredibly low COVID-19 infection numbers and negligible death rate. This outlier status was a big feather in the government’s hat. Perhaps the biggest winner from the U.S.-China trade war, Vietnam was already scoring a disproportionate number of manufacturing jobs fleeing China. Then, a COVID exemplar to boot. Related: Covid-19: Vietnam logs 11,346 new cases and…
Private equity investment gathers pace in Vietnam. Opportunities exit as economic expansion goes on despite current Covid troubles. Visit Vietnam Insider’s homepage for more stories. Private equity (PE) funds are increasingly focusing on Vietnamese brick-and-mortar businesses in sectors seen as having potential, such as retail, healthcare and education. Despite the turbulence and uncertainties caused by the Covid-19 pandemic, Vietnam’s economy expanded 2.91% in 2020, witnessing a record 59 deals, worth US$1.14 billion, a Grant Thornton Vietnam report shows. Related: How to invest into a Vietnamese businesses as foreign investors. Between this January and July, the largest PE deal in the…
Vietnam confirmed 11,346 new Covid-19 patients in 36 localities on Sunday, and the highest single-day fatalities of 737. The HCMC EPZ and IP Authority (HEPZA) has informed factories implementing the stay-at-work model that they can continue operations amidst the tightened restrictions that start Monday. Sunday’s tally is the second highest daily number of domestic infections since the beginning of the epidemic, after Saturday’s 13,417. The three localities recording the most cases were Ho Chi Minh City (4,193), Binh Duong (3,795) and Dong Nai (849). The number of recoveries since the start of the pandemic increased to 147,667 after 7,580 were…
Vietnam southern metropolis of Ho Chi Minh City to suspend app-based delivery service in Thu Duc City, seven districts for 15 days, starting Monday, heard a press conference on pandemic prevention and control on Saturday afternoon. The seven districts include District 8, District 12, Go Vap, Binh Tan, Binh Thanh, Binh Chanh, and Hoc Mon. The suspension will be in place until the end of September 6. Delivery workers in other districts in the city can remain active, but they will be restricted to one district only. At the meeting, Pham Duc Hai, deputy head of the Ho Chi Minh City…
Vietnam recorded 13,417 new local Covid-19 cases Saturday, the highest single-day tally ever since the pandemic hit the country as its biggest cities tightened restrictions to contain the outbreak. The number of recoveries since the start of the pandemic increased to 140,087, after 7,272 were announced recovered. The country has vaccinated over 14 million people with at least one Covid-19 vaccine shot. Vietnam’s daily Covid infection reaches new peak, the three localities recording the highest number of cases were the southern industrial hub Binh Duong with 6,623 cases, HCMC with 4,084 cases and the Mekong Delta’s Tien Giang with 589…