Informist, Tuesday, Mar 28, 2023 By Shiladitya Pandit MUMBAI – The festival season usually sees real estate developers offering various incentives to home buyers, including direct discounts, flexible payment options, and freebies like gold coins, white goods, furniture and automobiles. This year, however, such sops are few as costs are rising and demand is already...
Informist, Tuesday, Mar 28, 2023 By Subhana Shaikh MUMBAI – India's fledgling corporate bond market is likely to become an unintended casualty of the surprise announcement by the finance ministry to withdraw long-term capital gains tax benefit on debt mutual funds, industry players said. The move is likely to hit incremental inflows into...
Informist, Tuesday, Mar 28, 2023 By Ayanti Bera NEW DELHI - Reliance Jio Infocomm Ltd's latest 198-rupee home broadband plan is unlikely to disrupt the fibre-to-the-home segment as of now, but it may help expand the market by dramatically lowering entry-level costs. India's largest telecom operator Monday introduced the new home broadband plan...
Informist, Friday, Mar 24, 2023 By Abhijit Doshi MUMBAI - Recent communication by rating agency CRISIL's subsidiary about the damage to India's 2023 rabi crops is only the latest narration of the impact of climatic factors. Various agencies and economic commentators have articulated concern with uncertainty about output of various rabi crops, including...
Informist, Friday, Mar 24, 2023 By Padmini Dhruvaraj and Maitri Seth MUMBAI – The Indian equity market, like its counterparts across the world, erupts in joy every time there are indications that the US Federal Reserve may go easy on interest rate hikes. However, this time, even a major climbdown by the US central...
Informist, Friday, Mar 24, 2023 By Subhana Shaikh and Kshipra Petkar MUMBAI – The amendments to the Finance Bill will strip the benefits on long-term capital gains that debt mutual funds enjoy and help in plugging the tax arbitrage between fixed deposits of banks, industry players said. According to the amendment, income from...
Informist, Wednesday, Mar 22, 2023 By Richard Fargose MUMBAI – Indian banks, which were staring at mark-to-market losses on their investment portfolios in the March quarter, have received support from an unexpected quarter, with the crisis in the US banking system leading to a correction in bond yields globally. "Most (bank) treasuries were in...
Informist, Wednesday, Mar 22, 2023 By Vivek Kumar MUMBAI – India's mega cricket festival, Indian Premier League, which is popular for entertaining fans with nail-biting matches, is also driving a high-stakes battle among broadcasters in the backstage for viewership. It is for the first time in the history of the 15-year-old tournament that television...
Informist, Tuesday, Mar 21, 2023 By Narayana Krishna HYDERABAD - Air conditioner manufacturer Blue Star Ltd is targeting a consolidated sales growth of 25% in the next financial year starting April, on the back of robust demand across product segments, especially room air conditioners. "If the room air conditioner segment is determining the...
Informist, Tuesday, Mar 21, 2023 By Rajesh Gajra MUMBAI - The decline in assets under management of SBI Mutual Fund and UTI Mutual Fund's Nifty 50 exchange-traded funds, wherein the Employees' Provident Fund Organisation has a large equity exposure, outstripped the fall in the index during the first two months of the...
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