COVID – On the recovery path
We strongly advise investors to continue their SIPs in equity funds & if possible increase the amount. This is a very good buy on dips market & should be bought in a staggered manner on every 5-7% correction in markets.
PERSONAL FINANCE
Additional Tier 1 Capital in Indian Banks
As part of the restructuring plan for Yes Bank, the RBI announced that the instruments qualifying as additional tier-1 capital (AT1), issued by Yes Bank under Basel-III framework, shall stand written down permanently, in full, with effect from the appointed date. This is for the first time in the history of the Indian banking sector …
MIDHANI – Mini ratna, Max strength
Mishra Dhatu Nigam Limited (MIDHANI) is one of the leading manufacturers of special steels, super alloys and only manufacturer of titanium alloys in India. These are high value products which cater to niche end user segments such as defence, space and power. It has emerged as a ‘National Centre for Excellence’ in advanced metallurgical production …
Budget 2020-21- Moving towards direct tax code
Nirmala Sitharaman introduced new slabs and reduced the tax rate for different slabs for an individual income of up to Rs 15 lakh. In addition she removed dividend distribution tax (DDT), again in line with recommendations of the panel set up for Direct Tax Code (DTC). These are probably initial steps towards implementing DTC in …
Union Budget 2020-21- High expectations
The Union Budget 2020-21 was presented on 1st February 2020 amidst a very challenging economic environment. Although it was not acknowledged explicitly, the budget appears to have realized the fiscal limits. Not surprisingly then, it did not excite the market, where expectations were running very high. There were evidently a lot of expectations from the …
Stock markets in 2020 starts off on a volatile note
Stock markets in 2020 started off on a volatile note as the frontline indexes hit new highs punctured by sharp decline in markets due to US-Iran tensions. For CY19 the NIFTY was up by 11.5% while SEXSEX was up by 13.8% for the full year. But the rally in NIFTY50 was a narrow rally. Top …
Stock markets in 2020 starts off on a volatile note Read More »
Disclosures in the new income tax return (ITR) forms for AY 20-21
The Central Board of Direct Taxes (CBDT) has notified two income tax return (ITR) forms for AY20-21 (FY19-20). Forms ITR-1 (Sahaj) and ITR-4 (Sugam) – the simplest of the lot – were notified recently. Usually, the Income-tax department notifies the ITR forms in the first week of April but it has been done earlier this …
Disclosures in the new income tax return (ITR) forms for AY 20-21 Read More »
Financial steps to take in 2020
The start of a new year is generally a good time to make some solid resolutions to manage your finances. While you need not take any giant leaps, you must start 2020 with some simple financial steps to manage your money well. These go a long way to inculcate financial discipline in your life & …
Uneasiness persists in markets
Stock market Index- NIFTY/SENSEX sustained at significantly high levels, though the broader markets remain subdued. Markets have largely remained range bound over the last month but the euphoria seen in the index levels do not reflect in stocks beyond the top 10-15 stocks. Liquidity remains strong as seen from the oversubscription in IPOs over the …
Aegis Logistics Ltd – Transporting Energy
Aegis Logistics Ltd (Aegis) is a leader in oil and gas logistics. The services provided by the company include sourcing of product, storage and port operations, arranging road and pipeline movement, shipping, and integrated supply chain management. The Company also charges its customers for using various other facilities like jetty operations, loading and unloading. Aegis …