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Govt plans tax waivers for IDBI Bank buyer to attract more suitors: Report The Indian government is likely to waive some tax norms for the buyer of IDBI Bank in a bid to attract more suitors for a majority stake sale in the lender, two government sources said on Tuesday, after the Centre extended the deadline for ...

Rupee declines 11 paise to 82.73 against US dollar in early trade The rupee weakened by 11 paise to 82.73 against the US dollar in early trade on Tuesday as a sell-off in domestic equities and rising crude prices in global markets weighed on the local unit. However, a weak greenback against major rivals overseas ...

Why bank FD interest rates can’t match debt mutual fund returns [ad_1] Indian investors just can’t have enough of fixed deposits. According to a Crisil report, nearly Rs.170 lakh crore is lying in bank deposits across the country, which is more than the Rs.135 lakh crore combined investments in mutual funds, life insurance, retirement schemes and alternative investment funds. The ...

There are investors who behave like fools chasing loss-making businesses [ad_1] As the Indian stock markets zoom up, their divergence from the sad state of last year’s star digital IPOs gets wider and wider. Nothing strange in this because what happens in the financial markets is just a reflection of what’s happening (or is going to happen) in the real ...

10 metrics of prudent financial management [ad_1] ET Wealth lists 10 metrics of prudent financial management that will ensure a smooth ride. 6 months’ emergency fund You must build an emergency corpus that should be used only in case of a contingency, such as a hospitalisation. It’s best to put this money in liquid instruments. Since the pandemic, most experts ...

How to plan your finances before taking a sabbatical [ad_1] Naman, a senior relationship manager with a private bank, wants to pursue an MBA programme to further his career prospects. He is single but provides financial support to his parents and pays the EMIs for the house where he currently resides. His investments have primarily been the mandatory retirement and ...

Now is a good time to lock into debt mutual funds at high rates: Here are the best debt MFs [ad_1] This year has not been very good for debt funds. The flurry of interest rate hikes in 2022 pushed up bond yields and depressed the returns of debt funds. Most debt fund categories delivered less than 5% returns even ...

Canara Robeco Bluechip Equity mutual fund review: Worthy bet for the long haul [ad_1] ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. BASIC FACTSDATE OF LAUNCH 20 AUGUST 2010 CATEGORY EQUITY TYPE LARGE CAP AUM* Rs.8,832 crore ...

Loan Against Securities: 5 things to know [ad_1] 1.An LAS is a secured loan where financial securities are pledged as collateral to the lender to borrow money. 2.Securities include equity shares, mutual funds, life insurance policies, gold deposit certificates, National Savings Certificates, Kisan Vikas Patras, etc. 3.One can avail of loan value of around 50% to 90% of the securities ...

Bad loans worth Rs 10 trillion written off in last 5 years by banks: Govt Bad loans worth Rs 10,09,511 crore have been written off by scheduled commercial banks in the last five fiscals (2017-22), the Parliament was told on Monday. The nation’s largest lender, the State Bank of India (SBI) tops the list of ...