PERSONAL FINANCE

Financial steps 2020

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 & …

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stock market uneasiness

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 …

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Aegis Logistics

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 …

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Affle India

Affle India Ltd- Online Advertising

Affle(India) Ltd (Affle), founded in 2006, is an ad tech company that helps advertisers drive user acquisition, improve engagement and increase the frequency of transactions through mobile advertising using its proprietary consumer platform.  Key investors include Microsoft, D2C, Itochu, Bennett Coleman & Co. Ltd. & Centurion. Affle launched its IPO end of July & got …

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economic slowdown

Markets hit peak but economic slowdown persists

Stock market Index- NIFTY/SENSEX hit all-time highs over the last month, though the broader markets remain significantly lower. Sensex moved above 40,000 while NIFTY scaled above 12,000 levels partly driven by strong FII flows. September quarter results have been declared over the last month & profits have mostly been on the higher side driven by …

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income-tax-refund

Didn’t get your income tax refund? Don’t worry

Taxpayers are entitled to claim a tax refund if, during the year, excess tax has been deducted from your income. This may happen if there are multiple incomes. But, you have to apply for a refund while filing your ITR for a particular financial year. Have you filed your income tax return (ITR) for the …

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samvat 2076

SAMVAT 2076-Looking for light at the end of the tunnel

I hope that the new SAMVAT, 2076 turns out to be a very prosperous year for all of us and keeps the market momentum going The festival of lights “Deepavali” will mark the beginning of the trading new year-SAMVAT 2076, with the auspicious Muhurat trading session scheduled to be conducted on 27th October 2019 from …

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stock markets festive

Will the festive season bring some cheer to stock markets?

Stock markets have been largely range bound over the last month, though the broader markets have continued with its subdued performance largely due to consistent selling by FPIs. The government has taken several measures to boost the economy, such as corporate tax rate cuts & roll back of tax surcharge, but it has failed to …

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bank mergers

What customers have to do with bank mergers?

Last month, the Finance Minister announced a spate of bank mergers. This consolidation will bring down the total number of public sector banks (PSBs) in the country to 12 from 27 in 2017. The question on everyone’s mind is how this will affect customers & what action customers need to take for a smooth transition. …

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corporate tax

Corporate tax rate cut: An early Diwali

The Finance Minister on 20th September 2019 announced a sharp reduction in corporate tax rates. Manufacturing companies not availing of tax sops can now opt for a 22% corporate tax rate, while new manufacturing companies that register and start production between 1st October 2019 and March 2023 can avail an even lower tax rate of …

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