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
Author: Miley Selena
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…
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) The fear that the US Fed will increase rates sooner than the expected due to rebound in the economy and inflation worries pulled down the gold prices by 2%. Silver (Rs) Sell off in the yellow metal spread to silver as well and it also went down by 2% during the past week ($/troy ounce) The sell off was…
Half a million doses of the Sinopharm COVID-19 vaccine donated by China are set to arrive in Vietnam today, which will be given to Chinese nationals living in Vietnam, Vietnamese people who intend to go to work or study in China Sinopharm set up a representative office in Vietnam in 1993. The company supplies 85 per cent of the vaccines used in the National Expanded Programme on Immunisation in China. China-donated 500,000 doses of Sinopharm vaccine set to arrive in Vietnam today, the vaccine, with the product name Vero Cell, will be given to Chinese nationals living in Vietnam, Vietnamese people who intend to go…
Hanoi is considering reopening certain businesses and allowing outdoor activities since the local coronavirus situation has largely been brought under control. However, exactly when and which kind of businesses and services get to reopen have yet to be announced. As life will be back to normal, how you will spend your weekend in Hanoi? Here is a perfect weekend in Vietnam’s capital city of Ha Noi before the Covid-19 pandemic. Discover the beauty of Vietnam’s capital in less than 48 hours. From culinary highlights to architectural gems, historic sites to rooftop bars, this two-day Hanoi itinerary will give you a…