Finance News

The sting in the tail: Debt mutual funds lose long-term tax advantage

Lok Sabha passes Finance Bill with 64 amendments

Having lots of money makes you a happier person: a scientific study confirms this

How many times have we heard the phrase "if I had a lot of money, I would have no problems and be happy"? And how many times instead have we been told that money does not make happiness? Well, but then who is right? According to a study just conducted, money does indeed make for happiness, within certain limits. In fact, science analyzed the mood of American workers throughout their day, and the results showed that those who earned a high salary were more satisfied and happy with their lives than those who earned less. The scientists started from different bases, but came to the same conclusions, even though they ultimately admitted that money is not the only way to be happy.

Corporate appetite for debt funds likely to wane

Currently, debt fund investments of over three years qualify for long-term capital gains tax.

Too many tweaks in the Bill not a good practice: Dinesh Kanabar, tax expert

Following the passing of the Finance Bill in the Lok Sabha on Friday, tax expert Dinesh Kanabar spoke to FE on the key tax-related proposals.

Govt removes long-term tax benefit for debt mutual fund investors

MUMBAI: The government on Friday withdrew indexation benefits for investors in debt mutual funds and some other types of schemes, eliminating the tax arbitrage these schemes enjoyed over bank fixed deposits (FDs) and select insurance policies. Under indexation benefits, returns are calculated after adjusting for inflation during the period of holdi...

RBI imposes Rs 30 lakh penalty on Karur Vysya Bank, here's why

Reserve Bank of India imposes Rs 30 lakh fine on bank for violating rules

Low Operating Cash Flow.

Companies within this list have reported low Operating Cash Flows from the prior quarter.

Shriram Finance to raise $150 mln via 2026 senior secured notes

Shriram Finance has approved raising $150 mln through issuance of senior secured floating rate notes, under private placement basis, the lender informed the exchanges. The notes will be issued on March 29 and will mature in 2026. The notes fall under the $3.5 bln global medium term note programme, the company said. Interest on the notes will be a s...

Top 3 most popular currency on Money over the last month.

We have pulled currency that are the most popular amongst Money users over the past month.

Low Gross Profit.

Stocks within this list have reported lower Gross Profit margins from the prior quarter.

NSE & Moneycontrol | Investor Awareness Message on How Password Keeps Money Safe

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Chit fund chief gets 250 years' jail for duping 35 lakh of Rs 4,000 crore

BHOPAL: A court in Sehore district of Madhya Pradesh has sentenced the director of a chit fund company to 250 years in prison for duping more than 35 lakh investors across 20 states of over Rs 4,000 crore, following which about 300 of them had filed police complaints. The sentences will run consecutively, one after the other.Convict Balasaheb Bhapk...

Blow to debt MFs

Bank deposits already enjoy a big advantage over competing products as they are perceived to be safer

Biden is finally going to tax the rich by how much?!

Watch: YouTubers Put Cheques Worth Rs 82 Lakh Into Strangers’ Pockets Just For Fun

At the beginning of the clip, one of the men reveals that he had also put $10,000 (approx. Rs 8 lakh) cheques in each of his teammates’ pockets.

Mallya Sent Funds to Children's Accounts & Force India F1 Team as Kingfisher Flew in Debt Turbulence

Furthermore, the chargesheet reveals that the businessman had the money to pay back the banks but instead bought properties worth Rs 330 crore in England and France during 2015-16

Finance Bill: What you gain, where it pinches

NEW DELHI: The Finance Bill, 2023, was passed without discussion in Lok Sabha on Friday with over 45 amendments amidst protest by opposition members for setting up a joint parliamentary committee (JPC) in the Adani-Hindenburg issue.The Finance Bill, 2023, gives effect to the financial proposals of the central government for the financial year 2023-...