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How tax is calculated on debt mutual fund investments
It is, therefore, imperative for the investors to know about the impact of taxation on earnings from investments. Our current topic is on debt mutual funds and the taxation applicable to them. The capital gains tax to be paid on mutual funds depends on the type of investment (equity/debt) and the duration of time for which the investment is held. The following table will illustrate the same: Ideally, a debt fund can be compared to a fixed deposit or a bond which pays interest.
Fiat Chrysler agrees to sell Magneti Marelli to Calsonic Kansei: Sources
Fiat Chrysler (FCA) has agreed to sell its Magneti Marelli unit to KKR's Calsonic Kansei, two sources familiar with the matter said on Sunday, adding the deal would be announced on Monday. The transaction values Magneti Marelli, a diversified parts maker that specialises in lighting, powertrain and electronics, at 6.2 billion euros ($7.14 billion), excluding debt, one of the sources said. Marchionne had set in motion a process to spin off the unit and distribute its shares to FCA shareholders by early 2019.
Jet Airways, HUL, Marico, Bajaj Finance, Colgate to get astrological support for the week: Satish Gupta
Avaition: Jet Airways, Interglobe Aviation, etc Personal care: Hiindustan Unilever, Marico, Colgate, Godrej Consumer, etc Financials: Bajaj Finance, Cholamandalam Investment, Shriram Transport, Indiabulls Housing, Can Fin Homes, etc Food processing sector will also be receiving astrological support. Stocks of astrological supported sectors outperform resulting in exorbitant gains irrespective of market behaviour, either bull market or bear market. We firmly believe that these special astrological positions present very unique opportunities to investors and traders both.
Sensex bounces 321 points in early trade on positive Asian cues
The benchmark BSE Sensex on Monday recovered over 321 points in early trade on fresh buying by investors amid a firm trend in Asian markets and better-than-expected earnings from HDFC Bank. The rupee appreciating by another 8 paise to 73.24 against the US dollar and easing crude prices also buoyed sentiments. The 30-share barometer, which had lost 847 points in the previous two sessions, was trading higher by 321.41 points, or nearly 1 per cent, at 34,637.04.
57% businesswomen in India plan their finances independently
More than half of the country's women business leaders plan their finances independently of other members in the family. The social system in India is changing-women are single by choice, aren't living in unhappy marriages anymore, or are single parent. 84.62% of the interviewees were above 50 and the remaining section of women leaders were above 30. Just as it's important for men to manage their finances, it is equally important for women to do so.
Uber to appeal Singapore's competition watchdog decision on Grab deal
Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state's competition laws, the firm said on Monday. Our objective is not to challenge the remedies of the decision, which are in fact almost identical to the commitments that Uber and Grab voluntarily offered to the CCCS , Uber said in a statement.
HDFC Bank Q2: Brokerages give thumbs up for healthy profit growth, asset quality
Brokerages have been upbeat about HDFC Bank's performance in the September quarter and highlighted the steady asset quality at the bank as well. HDFC Bank reported a healthy 20.6 percent year-on-year growth in Q2 FY19 profit to Rs 5,005.73 crore, driven by net interest income (NII), other income and operating income. NII growth was driven by average asset growth of 22.9 percent and a net interest margin of 4.3 percent, the bank said.
Saudi Arabia calls Khashoggi killing 'grave mistake,' says Crown prince not aware
Saudi Arabia on Sunday called the killing of journalist Jamal Khashoggi at its Istanbul consulate a huge and grave mistake, but sought to shield its powerful crown prince from the widening crisis, saying Mohammed bin Salman had not been aware. They made the mistake when they killed Jamal Khashoggi in the consulate and they tried to cover up for it, he said. Late on Sunday, the Saudi Press Agency said both Saudi King Salman and Prince Mohammed had called Khashoggi's son, Salah, to express condolences.
Decide an appropriate business form for your start-up venture
Apart from the robust business idea, an appropriate form of the business is equally important for a start-up. Proprietorship: This is the most common form of business, where a single individual owns, finances, manages and controls the entire business. If you intend to manage and keep control of the business entirely in your hand, a proprietorship model works for you.
It's time central bankers came out of their closets, paid heed to public
As an anthropologist, I have spent 20 years studying the customs, beliefs and rituals of central bankers around the world. They see themselves as jacks-of-all-financial-trades who solve complex financial crises before they can damage the unsuspecting public. This arrogance, toward the public and even toward one another, undermines central banks' effectiveness. When a central bank says it anticipates that prices are going to rise, it expects the public to take that advice seriously.
Australia offers rare national apology to victims of child sex abuse
Australian Prime Minister Scott Morrison on Monday offered a rare national apology, only the second since 2008, to victims of institutional child sexual abuse and their families, bringing some survivors to tears. Expressions of national regret such as Monday's are reserved for egregious misdeeds in which the state has played a role. Morrison also repeated Monday's apology in a speech to nearly 800 victims, some of whom began to cry, images broadcast on television showed.
Aarti Industries may test Rs 1,600: AnandRathi
Aarti Industries' process chemistry competence with scale-up engineering competence put Aarti Industries as one of the global leaders in benzene-based chemistry. Its highly integrated manufacturing facilities along the entire value chain of processing capabilities, makes Aarti competent at isomer management, a key factor acting as an entry barrier. The company plans capex of Rs 1200 crore in two phases of Rs 600 crore each in FY19 and FY20. Predictable high growth for the next three years - continual capex has enabled Aarti to grow continuously.
Buy Aditya Birla Fashion with target Rs 237: AnandRathi
Aditya Birla Fashion brings together Madura Fashion and Pantaloons Retail. India's largest big box fashion retailer, Pantaloons is one of the fastest growing lifestyle apparel retail destinations in India. PAT came at Rs 5.6 crore versus a Rs 20.3 crore net loss YoY. Rs 200 crore, driven by its foray into women's innerwear and rapid expansion in the number of points of sales. We reiterate our buy rating on the stock, with a revised target price of Rs 237 based on 19x FY21e EV/EBITDA.
D-Street Buzz: Bank Nifty gains led by HDFC Bank; IT stocks drag with Infibeam down 6%
Bank Nifty is up half a percent led by HDFC Bank, ICICI Bank, Punjab National Bank and State Bank of India. Auto stocks are also buzzing with gains from Eicher Motors which is up 2 percent followed by Exide Industries, Hero MotoCorp, Maruti Suzuki and TVS Motor Company. Nifty IT is underperforming, down over 1 percent dragged by Infibeam, Mindtree, Tata Consultancy Services and Tech Mahindra. The most active stocks are YES Bank, Indiabulls Housing Finance, HDFC Bank, Dewan Housing Finance and Reliance Industries.
Elon musk says first tunnel is almost done, opens December 10
A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels is nearing completion on the first tunnel, Musk said on Twitter on Sunday. The first tunnel, under Hawthorne in the Los Angeles area, is almost done and will open on December 10, Musk said. Privately held Boring Co has been promoting its plans for tunnels that would allow high-speed travel between cities.
Deadline To File Sept GST Returns Extended By 5 Days
The Finance Ministry on Sunday extended the deadline for filing summary sales return GSTR-3B for the month of September 2018 by five days to 25 October. The extension will allow businesses that want to claim the input tax credit benefit for the July 2017-March 2018 period to do so till 25 October.
Rupee gains 8 paise to 73.24 against US dollar in early trade
The rupee strengthened by 8 paise to 73.24 against the dollar in early trade Monday on increased selling of the US currency by exporters and banks amid easing crude prices. Forex dealers said weakness in the dollar against a few currencies overseas and early gains in domestic equities gave some support to the rupee.
Gold inches higher as Asian stocks slip
Gold prices edged higher early Monday, moving closer to a 2-1/2-month peak hit last week, as Asian shares fell amid rising political tensions and worries over slowing global economic growth. Asian share markets fell anew on Monday as investors braced for the peak of the US earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and centre. Russia's gold reserves stood at 65.5 million troy ounces as of the beginning of October, the central bank said on Friday.

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