Hi everyone and welcome to episode 119 of the ET Wealth Wisdom podcast I am Tania Jaleel The second wave of Covid infections is looking more dangerous than what the country witnessed in 2020And the equity market understands the risks that comes along with this bleak situation Last week, the markets dropped sharply, bringing back memories of March 2020, when the market had declined almost 40% within a month. Though stock prices crawled back later in the week, the reason behind the fall has not changed.So, what should equity investors do? In this week’s ET Wealth edition, the cover story…
Author: Miley Selena
Euromonitor estimated Vietnam’s health and beauty retail market to reach $11.59 billion in 2021 Visit Vietnam Insider’s homepage for more stories Vietnam’s modern health and beauty retail sphere continues to gain traction as players are mulling over expansion plans. FPT Retail plans to expand its Long Chau Pharmacy chain from 200 to 350 outlets in 2021. The group expects to account for 30 per cent of the local pharmacy retail market in the next two years, contributing to 25 per cent of its total revenue worth $217.16 million. A representative of FPT Retail said that the company will develop its…
Phu Quoc United Center – Vingroup’s super tourism-resort-entertainment complex officially launched. With exceptional services and distinctive experiences, this all-in-one tourism universe has laid a firm foundation for the night-time economy in Vietnam. Visit Vietnam Insider’s homepage for more stories. Vingroup officially opens Phu Quoc United Center – the brand new super tourism-resort-entertainment complex of in Southeast Asia. Setting 5 national records, featuring thousands of annual grand multimedia shows, mini-shows and offering one-of-a-kind experiences, Phu Quoc United Center – Vietnam’s “Sleepless City” – is poised to become a must-go destination in the global tourism map. Covering over 1000 ha in northern…
When there is TDS from the interest accrued annually on cumulative bank fixed deposits it not only leads to loss of interest deducted as tax but additional loss of the compound interest that would have been earned during balance tenure of FD, on the tax deducted. There’s a way to reduce the second type of loss – get the TDS cut from your savings account balance instead of from the interest accrued on the FD. Some banks such as and have started offering this facility. How deduction TDS on FD hurts The maturity amount that the bank mentions on fixed…
Vietnam’s Prime Minister Pham Minh Chinh will participate in an Association of Southeast Asian Nations (ASEAN) summit for national leaders in Indonesia later this week, with the crisis in Myanmar on the top agenda. This will be PM Chinh’s first overseas trip since his election on April 5. PM Chinh will lead a high-ranking delegation to an ASEAN leaders’ meeting to be held at the headquarters of the ASEAN Secretariat in Jakarta, Indonesia on April 23-24, the Vietnamese Ministry of Foreign Affairs announced on Wednesday. Thai and Indonesian media reports had said that ASEAN…
(Photo: VNA) Hanoi (VNA) – The People’s Court of Hanoi on April 22 resumed a trial for ex-minister of industry and trade Vu Huy Hoang who involves in the cases of “violating regulations on the management and use of State assets, causing losses and wastefulness,” and “violating regulations on land management” that occurred in the Ministry of Industry and Trade (MoIT) and Ho Chi Minh City.Being brought to the court were also former director of the MoIT’s Light Industry Department Phan Chi Dung; former Vice Chairman of the HCM City People’s Committee Nguyen Huu Tin; former deputy director of the HCM…
India is well and truly in the midst of the second wave of the novel coronavirus pandemic. With cases of Covid-19 surging past the 2.5-lakh number almost daily, there is a lot of uncertainty once again, which unsurprisingly has made the equity market nervous and volatile. However, one asset class that shines in the face of uncertainty is gold. The price of gold has risen 6.74% to Rs 47, 169 as on April 16, 2021 from Rs 44,190 on March 31, 2021 Read more: EconomicTimes
It now finds itself in the hands of a veteran fund manager known for his acumen in the mid-and small-cap space.SynopsisThis large-cap fund has seen multiple changes at the helm in recent years. While its large-cap focus has remained constant throughout, the frequent personnel changes have led to a degree of inconsistency in performance. Once among the top performers in its category, the fund has lost its way for many years.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…
There are indications of borrowing costs finally bottoming out. For instance, interest costs for new SBI home loan borrowers went up by 25 basis points recently after the bank withdrew its ‘limited period offer’ and restored original interest rates. The new SBI home loan rates from 1 April start at 6.95%, compared to 6.7% till 31 March. It could well be that other lending entities will soon follow suit. “Though impact of incentive withdrawal is just 25 basis points, it may have a system-wide impact because other financial institutions usually follow SBI with a time lag,” says Naveen Kukreja, CEO…
It is mandatory for a motor vehicle owner to insure the vehicle, at least against third party liability. Understanding the claim procedure is equally important. Here are the steps for registering a claim in case of damage, accident or theft. Registration of claimA claim form needs to be submitted online or offline to the insurance company for lodging a claim. Details of the policyholder, vehicle, driver, incident, police station details, and third party injury/vehicle details in case of accident and bank details of the policy holder need to be submitted. DocumentsThe documents needed with the claim include policy document, DL,…