Does an inherited property get treated as self-acquired property if it is transferred through a will? [ad_1] Q.My father built a house and I contributed Rs.13 lakh of the Rs.20 lakh spent on its construction. What is the percentage of claim I should get?— R. Nayak If the said property is in your father’s name, he is the sole owner ...

4 reasons analysts are bullish on HDFC Life [ad_1] Helped by a strong premium growth of 27% y-o-y and a significant decline in covid-related claims, HDFC Life Insurance reported decent numbers in the first quarter of 2022-23. The PAT grew 21% on a y-o-y basis whereas the APE (annualised premium equivalent) grew 22% y-o-y. The company maintained market leadership as ...

IPO investment in HNI category: 5 things to know [ad_1] 1.The High Net-Worth Individual category is a part of the Non-Institutional Investor Category with a 15% reservation of IPO shares. 2.An HNI is an investor who has total investable assets over Rs.2 crore. 3.The minimum IPO application amount for HNIs is Rs.2 lakh. 4.Bidding at the cut-off price is not ...

ADB explains why RBI may slow down on rate cuts till next year With economic activity still to reach pre-pandemic levels, the RBI may slow down the pace of rate hikes until next year to quell soaring inflation while supporting growth, the Asian Development Bank (ADB) says in its latest report. The Manila-based multilateral funding agency has ...

Canara Bank to raise Rs 3,000 cr in AT1, tier-II capital in H2FY23 Public sector lender Canara Bank plans to raise up to Rs 3,000 crore in capital through additional tier I (AT1) and tier II bonds in second half (October 2022-March 2023) to support elevated growth in credit. The bank, which is looking to keep capital adequacy at 16 ...

Weakening rupee to make import of crude oil, commodities expensive The Indian rupee sliding to a historic low of 81.09 to a dollar will make import of crude oil and other commodities expensive further fueling inflation which for the past several months has remained above the Reserve Bank’s upper tolerance level of 6 per cent. The pressure ...

High NPAs in education loan segment turn banks cautious, says PSB official High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing assets (NPAs) in the education loan category including public sector banks’ (PSBs) were 7.82 per cent at the end ...

RBI set for fourth straight rate hike to quell inflation, say experts The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending ...

Re has held back very well among peers against USD; RBI & FinMin watching developments: FM Finance Minister Nirmala Sitharaman on Saturday said the rupee has “held back very well” when compared to other currencies against the US Dollar. The Reserve Bank and the Finance Ministry are keeping a very close watch over the developments, the finance ...

gland pharma stock: 6 must-reads of ET Wealth: 6 stocks with up to 41% upside potential, why Gland Pharma is this week’s stock pick [ad_1] Here is a curated list of the best Wealth stories of the week. We take a look at the 6 stocks that have seen their net profits rise faster than the economy, what to do ...