Latest posts
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Home loan repaid but lender didn’t return property papers? You can get ₹5,000/day compensation
The RBI mandates that lenders complete loan closure formalities, including returning documents, within a specified timeline after repayment. Here’s when you can claim compensation.
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Transaction records alone can’t prove genuine share gains: Why ITAT upheld ₹14.85 lakh tax addition
Ahmedabad ITAT upheld a ₹14.85 lakh addition in a share-trading case after finding that transaction records alone did not establish the genuineness of gains from Kushal Tradelink shares. The tribunal, however, sent the taxpayer’s separate ₹40.74 lakh long-term capital-loss claim back to the CIT(A).
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Moneyview IPO: Company Into Digital Financial Services Opens for Subscription Today; Check the GMP and Other Details
Moneyview IPO is coming up with its Initial Public Offering (IPO). The company plans to use the IPO proceeds to drive growth in loan disbursals, invest in WFPL, its material subsidiary, and meet general corporate purposes. This IPO is a book-built issue of Rs. 1,091.68 crores, comprising a fresh issue of 22.06 crore shares worth…
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Hot Stocks: 3 stocks that may give returns between 16-29%
Brokerages have initiated coverage on Tata Capital, Centum Electronics, and Clean Max Enviro Energy Solutions, assigning them buy ratings. This decision is underpinned by the potential for substantial appreciation in their stock prices, with forecasts suggesting returns of 16% to 29%. Analysts point to distinct growth drivers within their sectors, reflecting a favorable outlook on…
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WhiteOak Capital plans D-Street foray with Rs 1,500 crore IPO
WhiteOak Capital is gearing up for an initial public offering projected to raise ₹1,500 crore, potentially reaching a valuation of ₹9,000 crore. Established by Prashant Khemka in 2017, the firm oversees around $13 billion in assets. Following the recent trends set by alternative investment firms like Gaja Capital, Khemka has confirmed plans to go public;…
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Motilal Oswal Nasdaq Q50 ETF crashes 49% in 3 days, rings alarm bells for investors
Motilal Oswal Nasdaq Q50 ETF faced a sharp decline of nearly 49% in just three trading sessions. This drop followed a dramatic price surge that raised concerns about valuation and investor behavior. Several other international ETFs are also trading well above their net asset values, creating a potential risk for investors. Limited supply of ETFs…
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Morgan Stanley’s Asia deal plans leaked in staffer’s email misfire
A Morgan Stanley staffer inadvertently shared an internal document listing more than 100 investment deals. The leaked list included potential initial public offerings in Asia, along with private equity partners and suspended projects. The incident arose from an email sent this week, which the staffer attempted to retract later. Morgan Stanley stated it takes client…
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Govt cuts edible oil duty to ease prices
The government has cut customs duty on various edible oils, which includes crude and refined oils. These changes aim to reduce import costs and potentially ease domestic prices. The reduced duties are effective from September 24, allowing businesses to benefit immediately. India, one of the largest edible oil importers, is sensitive to global commodity price…
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RBI special windows seen big enough to bring in $100B
India’s new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over forty billion dollars in foreign exchange. Experts predict these initiatives could significantly exceed initial mobilization estimates. The Reserve Bank of India introduced these facilities to support the balance of payments. These programs aim to cushion the…
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Sebi working towards balanced derivatives market: Tuhin Kanta Pandey
In a recent statement, Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India, outlined strategic initiatives aimed at stabilizing the derivatives market. He pointed out derivatives’ vital role in bridging cash and futures trades, while recognizing that most challenges arise from short-dated index options during expiry times.