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4 reasons Vinati Organics is this week’s stock pick [ad_1] Vinati Organics, which manufactures specialty chemical and organic intermediaries, delivered a strong performance in the second quarter of 2022-23. The revenue and PAT grew 51.4% and 43% on a y-o-y basis, helped by robust demand for its key chemical products —ATBS and IBB. However, higher raw material costs led to ...

Budget 2023-24: Stay on fiscal glide path, economists advise FM Sitharaman The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on ...

Crypto Tax Rules: Stiff tax rules for cryptos saved investors from crash: U.K. Sinha [ad_1] The unfavourable regulations may have discouraged investments in virtual assets but probably helped contain the contagion in India, Upendra K. Sinha, former Sebi chairman tells ET Wealth. The crash in cryptos has destroyed enormous investor wealth. Do you think regulators should have played a proactive ...

RBI imposes Rs 1.25 crore penalty on Zoroastrian Co-operative Bank The Reserve Bank of India has imposed a penalty of Rs 1.25 crore on Zoroastrian Co-operative Bank, Mumbai for non-compliance with certain directions, including one related to discounting of bills. In a release, the RBI said the bank had failed to comply with its directions on ‘Discounting ...

investors: 5 factors impacting risk appetite of investor [ad_1] 1.The age of the investor is an important factor as older investors may have a lower risk appetite than younger ones. 2.The more the accumulated capital an investor has, the higher will be the risk appetite. 3.The higher the income stability, the higher is the risk-taking ability. 4.Risk Appetite of an ...

Kotak Mahindra Bank arm to raise up to $1 billion for data centres A Kotak Mahindra Bank arm plans to raise up to Rs 1 billion to invest in its data centre business. Kotak Alternate Assets, a division of Kotak Investment Advisors (KIAL), on Friday announced the appointment of Subhamkar Das as the chief operating officer for ...

MF portfolio doctor: Gupta needs to shift out of stocks to purchase house [ad_1] Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective ...

Max Life partners with Tamilnad Mercantile Bank to offer life insurance Max Life Insurance Company and Tamilnad Mercantile Bank have collaborated to offer the former’s life insurance products to the bank’s customers. Through this partnership, Max Life and TMB aim to financially secure the lives of TMB’s customers across 500 bank branches by offering a comprehensive suite ...

Electric Vehicle: Should you rent an electric vehicle (EV) before buying one? Here is a cost comparison [ad_1] Shubham, a 22-year-old Delhi-based delivery executive who works with BigBasket, first forayed into electric vehicles (EVs) three years ago, when he rented an electric bike from Zypp. Travelling on his regular bike was burning a hole in his pocket. “Out of Rs.1,000 ...

Savings deposit growth in Q2 slumps to 9.4% YoY while FDs gain traction The growth of low-cost deposits – current accounts and savings accounts – slowed down sharply year-on-year in September 2022, due to the impact of liquidity conditions and interest rate hikes. The growth of money kept in current accounts held with banks moderated to 8.8 ...