Daily Market Analysis – 21st Jan 2021
Vodafone Idea Group – Vodafone Group is evaluating to sell its stake in Indus tower to infuse capital in Vodafone Idea to meet capital requirement. This action takes place when the global leader of Vodafone ask its promoter to infuse capital in the Group. It is a discussion going on and if they want to implement this process, UK- Vodafone need to bring its shareholder on Board. Bajaj...
Senior Citizen: Where to Invest Retirement Money?
Retirement is a phase when you don’t have a regular source of income yet your lifestyle expenses continue. That is why financially prudent individuals plan ahead to create a retirement corpus so that their retirement funding is taken care of. While you know where to invest to create a retirement fund, do you know where to invest your retirement money? When you retire you get lump sum money...
Indigo Paints IPO Review
Company Overview: Indigo Paints Limited was founded in the year 2000 as the manufacturer of low-end cement paints. Right from the start, the company had a clear focus on establishing a vast distribution network to extend its reach across India. Company’s Product Portfolio: The company has expanded its range of products by including water-based paints like emulsions (interior and...
Daily Market Analysis – 20th Jan 2021
India planning tighter FDI rules for E-commerce segment The Department for Promotion of Industry and Internal Trade may issue a clarification through a Press Note, prohibiting e-commerce platforms from holding a stake in a seller, directly or indirectly. BharatPe, Centrum team up for PMC Bank bid Fintech platform BharatPe has put in a joint bid with financial services firm Centrum to...
7 Habits That Make Life Insurance Costly!
Awareness about Term Life insurance has increased manifold. Many people are either already insured or wanting to insure themselves. Buying term insurance is very convenient nowadays. With the ease of online insurance plans and Low-cost insurance, it has become an important part of a long term personal financial plan. While the loss of a near & dear one is emotionally devastating, term life...
Indian Railway Finance Corporation IPO Review
The Indian Railway Finance Corporation (IRFC) has announced an IPO to be launched on January 18, 2021. The IPO price band is Rs.25 to Rs.26 per equity share and the lot size is 576 shares. About the company IRFC was founded in 1986 with the objective of borrowing funds from the markets to finance the creation and/or acquisition of assets to be leased to the Indian Railways. It is a...
Daily Market Analysis – 19th Jan 2021
India is considering hiking import duties by 5% – 10% on more than 50 items in the upcoming budget. The move to increase the duties is part of the self-reliant India campaign by PM Narendra Modi. This move would add revenue of about $2.7Billion for the government. Companies like IKEA and TESLA could be affected. Motherson Sumi is set to acquire a 75% equity stake in two...
Daily Market Analysis – 18th Jan 2021
Bharti Airtel is planning to raise a billion dollars with an offer of perpetual bonds (Securities with no maturity). This would be Bharti’s second perpetual bond float. Reliance Industries and Bharti Airtel are among the few companies that have tapped the international money market with such bonds. The company may use the fund for business expansion and refinance more expensive debt raised a...
How to save tax under Section 80C?
Section 80C is the most popular section of Income-tax. Maximum 150000 deduction is allowed and you can save up to 45000 tax every year by utilizing this section. Under 80C, public provident fund, life insurance policies, tax-saving fd’s, equity-linked saving schemes (ELSS) are few most popular tax saving options. But many few people know tuition fees paid for child education can...
