Daily Market Analysis – 30th Nov 2020
IRDA gave approval for the merger of Bharti Axa General with ICICI Lombard. The deal would help ICICI Lombard become the third-largest non-life insurer. The merged business will have a market share of around 8.7 percent on a Pro-forma basis. Bharti Enterprises currently owns a 51 percent stake in Bharti AXA General Insurance, while French insurer AXA has 49 percent. Post demerger, Bharti AXA...
FD vs. ELSS – Where does Mr. Gupta invest and why?
As we are heading close to year-end, it is imperative to check if you have made the required investments to save tax. If you have not done any tax planning for FY 2020-21 yet, it’s time to make a decision as we are already entering the month of December. You should not keep these tax-saving investments till the last moment i.e. 31st March 2021. The earlier you do it, the better it is. Mr....
Daily Market Analysis – 27th Nov 2020
Paytm Money is planning to introduce loans against mutual funds and invested stocks. The main reason why they are mulling over the idea is to provide short term liquidity to its customers. The interest rate is expected to be competitive at 10.5% with a nominal processing fee. The Moratorium on LVB has now completed i.e customers of the bank can now withdraw more than 25,000. The...
Daily Market Analysis – 26th Nov 2020
Cabinet approves RBI’s proposal to merge Lakshmi Vilas Bank with DBS Bank. As part of the amalgamation, DBIL will infuse fresh capital of ₹2,500 crores into LVB. Analysts and Global Credit Rating Agencies have applauded RBI’s move and said that it will benefit both parties. Amazon Launches Amazon Pharmacy, a delivery service for prescription medications. While Amazon Pharmacy looks to be a...
Benefits of investing in Global Markets
When it comes to investing in the stock market, it is always better to become a long term investor rather than becoming a trader. It is relatively highly risky to do intraday trading or trade in futures and options. As an investor, one should focus on creating long term wealth through equity markets and not just short term gains which are based merely on chance. We all understand that...
Daily Market Analysis – 25th Nov 2020
Is your money stuck in Franklin Templeton’s (FT)debt scheme? Well, guess what, there is still time before you can see your money. FT had moved to the Supreme Court against the Karnataka High Court Order. Lost money in the Karvy Fiasco? Good news – NSE has declared Karvy as a defaulter, paving the way for its clients of the troubled broking firm to make claims with the exchange...
Consider 5 Factors while Lump-Sum Mutual Fund Investment
Though mutual funds are highly subject to market risks, despite it is one of the most lucrative investment avenues seen in the current market scenario. It can be seen that AMFI is highly promoting mutual fund investment through television commercials. When we talk about investment in mutual funds, the first & foremost thought that pops into our minds is SIP (Systematic Investment Plan)....
Daily Market Analysis – 24th Nov 2020
Gartner estimates that IT spending in India will grow 6% in 2021 to hit $81.9 billion IT spending in India is projected to rise 6 percent to USD 81.9 billion in 2021 compared to this year on the back of growth across segments like enterprise software and IT services, research firm Gartner said on Monday. IT spending in 2020 is expected to total USD 79.3 billion, down 8.4 percent from 2019....
Daily Market Analysis – 23rd Nov 2020
RBI panel’s proposal to allow large companies and shadow lenders into banking services According to the latest recommendations of an internal working group of RBI released on 20th November 2020, non-bank lenders with asset sizes of more than Rs. 50,000 crore should be allowed to convert into banks, provided they have completed 10 years of operation. With the latest development on the...
