HCM City now has five out of its planned 17 trains for Metro Line No 1, after six carriages for two trains arrived on Sunday from Japan. Nearly 86 per cent of the work on the line has been completed. The metro line is the first of eight metro lines to be built in the city and aims to ease traffic congestion. The train carriages from Japan arrived at Khanh Hoi Port in District 4 on Sunday. On Monday morning, one three-carriage train was transported to Long Binh Depot in Thu Duc City by road for assembly and testing. The…
Author: Miley Selena
Imex Pan Pacific Group will invest VND2.4 trillion or US$100 million to launch IPP Air Cargo JSC for commercial operations by next year. Vietnam may see its first dedicated cargo airline by next year as luxury retailer Imex Pan Pacific Group (IPPG) submitted its proposal to the country’s civil aviation authority (CAAV) to establish an airline dedicated to freight transport. The conglomerate, through its subsidiary IPP Air Cargo JSC, will invest VND2.4 trillion (100 million USD) to develop its logistics capabilities and air network to handle both inbound and out bound shipments in Vietnam. Related: AirBridgeCargo Airlines launches Vietnam service with…
Vietnam’s central bank said on Monday it will continue to pursue a “flexible monetary policy” for the rest of this year to keep inflation under control, maintain macro stability and support an economic recovery, Reuters reported. In an emailed statement, the State Bank of Vietnam also said total lending by banks rose 5.1% as of June 15 from the end of 2020. Previously, on April 24th, 2021, SBV Deputy Governor Dao Minh Tu said, SBV will keep a proactive and flexible monetary policy based on market developments and forecasts for the macro-economy, Vietnam News Agency reported. This monetary policy is…
Dilip Buildcon surprised the street with a y-o y revenue and net profit growth of 17% and 14% respectively during the fourth quarter of 2020-21. Despite covid related disturbances, Dilip Buildcon was able to deliver 2% revenue growth in 2020-21. However, its net profit fell by 24% during 2020-21 due to cost escalations. The company’s effort to increase operational efficiency has started yielding fruits and it was able to reduce the net working Read more: EconomicTimes
Many mistakenly assume that financial advice is investment advice. They are also wrongly convinced that all investments can be do-it-yourself, Rajesh Krishnamoorthy, Country Head, Financial Planning Standards Board Ltd, India Liaison Office tells ET Wealth. To what degree has covid exposed the fragility in our personal finances? These are unusual times. The second wave has been extremely punishing. Without exception, every friend or neighbour Read more: EconomicTimes
In this week’s realty hot spot series, we look at Bandra Kurla Complex (BKC) situated in the western suburbs of Mumbai. The area hosts major corporate and government entities besides key hospitals, schools and malls. It has a good mix of developed and developing sub-localities along with good retail and social infrastructure. The property price range per sq. ft. in this locality is Rs 14,500-37,100. A 2-BHK, which is the property type that enjoys the maximum supply here, costs about Rs 2.3 crore on average. Here are other key features of BKC. Locality Snapshot The area is a prominent business…
Bharat Bond ETF is an exchange-traded scheme that invests the corpus in bonds issued by Central Public Sector Enterprises (CPSEs), Central Public Sector Undertakings (CPSUs), Central Public Finance Institutions (CPFIs) and other government organisations of AAA credit rating. The maturity of the bonds is close to the maturity period of the fund. Here is how one can invest in Bharat Bond ETF: Requisites Any resident Indian, non-resident Indian, or non-individual (company, firm, HUF etc) can invest in Bharat Bond ETF. One can invest in the ETF only if he/she has a trading and demat account. Investment options Investors have two…
By Sudhir Kaushik of Taxspanner.com Noida-based finance professional Saurabh Sharma pays a low tax even though he does not claim all the deductions available to him. His pay was cut last year due to covid and he does not have enough to spare for tax saving investments. “Will my tax come down if I opt for the new tax regime,” he asks. Taxspanner estimates that although Sharma is not availing deductions, he will not benefit under the new tax regime. In fact, his tax will rise almost 80%to Rs 34,000 under the new regime. Income from employer Taxspanner says Sharma…
P. Vamsee Krishna is a software engineer, who stays with his homemaker wife and two children, aged 10 and 12, in Hyderabad. He lives in his own house and brings in Rs 1.42 lakh a month, which includes an income from a post office scheme. His portfolio includes real estate worth Rs 80 lakh, equity worth Rs 17.8 lakh in the form of mutual funds and stocks, debt worth Rs 26.8 lakh, gold worth Rs 1 lakh, and Rs 10 lakh in cash. After household expenses, home loan EMI, insurance premium, investments, and kids’ education, he is left with a…
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. I Rajneesh Gohil is saving for mutliple goals. Here’s what the doctor has advised him: Goals Portfolio check-up Investing in diversified and sector funds in lump sum and SIPs for…