Page 98 - Sunainaa Chadha

Revised TCS on overseas tours to have only material impact on demand: Crisil

The TCS rate hike4 may have a limited impact on demand as expenditure per individual per trip is usually much less than the Rs 7 lakh threshold for over 80% of tour packages.

Chart: Room rates in India hit new peak , averaged Rs 6,869/ day in FY2023

Room rates in India averaged Rs 6,869/day in fiscal year 2023, with February 2023 hitting a new peak at Rs8,300/day compared with the earlier peak of Rs 8,000/day in fiscal 2008, according to a study

Portfolio rebalancing: Is it time to move away from small-caps?

According to data from the AMFI, as of December 6, 2023, the average one-year returns for 23 small-cap funds stood at 32.68 per cent

World Cup fuels India's tourism boom, sparks 12.5% surge in contactless payments

The average stay of the international audience during the World Cup was 11 days whereas visitors from New Zealand stayed longer.

80% of all term deposits are in the Rs 1.5-10 mn range, 60% from metros

At least 50 per cent of the deposits are still in the 7-8 per cent interest rate bucket. This has seen a 10 percentage points increase in the first quarter of fiscal year 24.

With both stocks and gold on fire, is yellow metal the new multi-bagger?

Geopolitical factors, de-dollarization, inflation hedging has increased demand for gold

The black card you need: Best luxury credit cards in India for 2023

With benefits like complimentary memberships to luxury hotels, access to premium golf courses, VIP airport assistance, etc., these cards offer great value to those who lead a luxurious lifestyle

58 homes priced over Rs 40 cr sold in India this year, 4 above Rs 200 cr

Of the 53 deals in Mumbai city, at least three were for price tags above Rs 200 crore and seven deals were closed for between Rs 100 and Rs 200 crore each.

Equity stocks: What foreign investors bought and sold in September quarter

FPIs bought diversified financials, electric utilities and IT services stocks and sold capital goods and transportation stock.

No CV points for govt, utility spends: Axis Vistara credit card devalued

Transactions involving government services and utilities will no longer accrue Club Vistara points or contribute to milestone benefits.

Love shopping online, ordering in? How to save with the right credit cards

"Selecting the right cashback credit card can fetch substantial savings by providing value back on expenses, along with additional perks like complimentary memberships or free vouchers.

Arbitrage vs liquid funds: Why the former has become an investor darling

Arbitrage funds are gaining popularity presumably as investors turned to Arbitrage funds as a more tax-efficient substitute to Liquid funds.

You can now register claim complaints of Rs 50 lakh with insurance ombudsman

A policyholder in India can now register complaints that are related to compensation claims of up to Rs 50 lakh with insurance ombudsman offices in India. Earlier, the maximum compensation that ombuds

Looming risk? Personal loan credit by banks, NBFCs nearly triples in 6 yrs

During the fiscal years 2017 to 2023, personal loan credit experienced robust growth of almost 1.5 times the overall credit growth observed in both Banks and Non-Banking Financial Companies (NBFCs).

Why FPI holding have hit a 10-year low despite India's strong fundamentals

Aggregate holdings of FPIs stand at Rs 54.5 trillion, implying 16.6% holdings of overall Indian equities as of Nov'23 which is the lowest since 2012.

SBI, Infosys, Axis Bank, ONGC most sold large-cap stocks by MFs in Oct

Kotak Mahindra Bank, ICICI Bank, Reliance Industries, Tech Mahindra and NTPC were the most bought large-cap stocks in October.

Want to save on everyday expenses? Here are the best cashback credit cards

Cashback cards provide direct savings on your purchases by offering a percentage of the amount spent back as cash rewards. It's like getting a discount on every transaction.

First SGB batch to mature on 30 Nov: Will it deliver over 12% returns?

People who invested in the first series of Gold Bonds are about to get bumper returns on their invested. The first Gold Bonds were released in Nov 2015 at Rs. 2,684 per gram.

Savings stagnate for Indians in 2023, MFs pip FDs as top investment choice

Mutual funds are the number one investment choice for Indians, followed by fixed deposits. However, a majority still prefer to park their capital in savings bank accounts.

RBI ban on 2 Bajaj Finance e-lending products: How it impacts borrowers

Last week, the Reserve Bank of India (RBI) ordered Bajaj Finance to stop issuing new loans through its 'eCOM' and 'Insta EMI Card' due to non-compliance with the digital lending guidelines.