I have been a non-resident Indian (NRI) for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account. In FY25, I sold some shares and made capital gains, but my AD (authorized dealer) banker deducted TDS on the gains. I thought income from NRE accounts was exempt from … Read more
Artificial intelligence (AI) chipmaker Nvidia Corp will soon be part of Wall Street’s oldest three main equity benchmark indices, displacing no less than Silicopn Valley giant Intel, Bloomberg reported. Nvidia, which is “at heart of the artificial intelligence boom”, will replace rival Intel Corp. in the 128-year-old Dow Jones Industrial Average from November 8, according … Read more
Amit Upadhyaya, a Pune-based corporate executive, has achieved financial independence at age 46. Despite working for a French multinational (Dassault Systemes) for two decades, Upadhyaya does not credit his wealth to a high corporate salary or employee stock options. He sees it as the outcome of investing in the right stocks and funds and holding … Read more
Record-breaking earnings drove Dixon Technologies’ share price to a new high on Friday, October 25, before sharp profit booking saw it drop 18 per cent from its peak. With strong performance indicators and new partnerships, brokerages remain optimistic about the company’s future prospects. Shares of Dixon Technologies hit an all-time high of ₹15,999.95 on Friday … Read more
Stock market losses are never pleasant—whether through direct equities or mutual funds—but they offer a rare silver lining: the potential to reduce your tax liability through capital loss set-offs. Here’s how savvy investors can use this to their advantage. Set-off against gains Capital losses can be set off against capital gains, allowing investors to reduce … Read more
Many investors do not take a disciplined approach to secure and grow their finances, due to certain biases. Such biases lead to mistakes like having inadequate or low life cover, avoiding or making low investments in equity-oriented investments, ignoring retirement planning and exposing to high-risk and unregulated investments. This article flags those biases to help … Read more
We are in a phase of economic evolution where social security for oneself and family is achieved and shaped largely by individual financial planning and efforts rather than as a community mechanism, although a small part may be facilitated by government-backed mechanisms like the Employees’ Provident Fund, which does not cover the entire population. It … Read more
Multi Commodity Exchange of India (MCX) has witnessed a remarkable multibagger rally, with the stock climbing 198 percent in the last one year. So far in 2024, the stock has risen by 68 percent, giving positive returns in seven out of the nine months. In Septmeber, the stock added almost 4 percent, extending its gains … Read more
After a robust financial performance and 5 straight months of gains, brokerage house HDFC Securities has picked EPL as its ‘pick of the week’ “We believe investors can buy the stock in ₹245-255 band (20.5x FY26E EPS) and add on dips in ₹220-230 (18.5x FY26E EPS) band for a base case fair value of ₹274 … Read more
Following a disappointing performance in the June quarter (Q1FY25) for the banking space, Axis Securities has identified ICICI Bank, State Bank of India (SBI), and Federal Bank as its top picks in the sector. Meanwhile, among NBFC, it has chosen Cholamandalam Investment & Finance Company (CIFC) and Nippon Life India Asset Management on the back … Read more