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Swiggy employees get pre-IPO cash out: Tax implications of ESOP programme

Swiggy unveils a massive $65 million ESOP programme allowing employees to cash out before IPO, Here are the details on ESOPs, tax implications, and more.

Equity AUM surges 8.7%: Here is what mutual funds are buying and selling

In June, MFs showed interests in Technology, Telecom, Private Banks, Autos, Consumer Durables, Chemicals, and Insurance, leading to a MoM rise in their weights

89% of Indians face call drops even after tariff hike by Jio, Airtel, VI

The situation is such that 1 in 3 citizens surveyed indicated that they are regularly making Wi-Fi calls through OTT platforms as they face call connectivity and drop issues

Buying a home from an NRI? Taxes could be easier with this budget proposal

These proposed solutions aim to simplify tax compliance for non-resident taxpayers in India, making the process more efficient and less time-consuming.

Simpler taxes, more savings, housing boost: KPMG's 2024 budget wish list

Doubling standard deduction to Rs 1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations

Interfaith marriage? Here's everything you need to know about inheritance

While Special Marriage Act offers a path for interfaith couples to build a life together, understanding the inheritance implications - especially the exceptions - is crucial

Rs 15,000: Monthly SIP required to reach Rs 10 crore at the age of 60

If you start investing via SIP at the age of 25, the monthly SIP required is only Rs 15,000. But if you delay and start at the age of 30 the monthly SIP required is 2 times more at Rs 28,000!

8% growth, Rs 12,300 cr sales: Mumbai luxury housing reaches new heights

While Worli contributed 37% to luxury sales values of top 10 localities, it was Goregaon East, which recorded the highest increase i.e. 1,444%, at Rs 881 Cr.

Sending money abroad now easy: Open foreign currency accounts in GIFT City

New LRS rules allow Indian residents to open FCAs in GIFT City for sending gifts, buying property abroad, education loans, travel, and more. Enjoy greater control over your foreign currency!

New NFOs drive record inflows in sectoral mutual funds: Should you invest?

The launch of 17 new open-ended mutual funds in June 2024 played a pivotal role in driving inflows.

Election volatility over? Axis MF recommends top investment picks for you

Potential volatility after highs, focus on long-term investing & key sectors like consumption, infrastructure, and pharma

Tech drives India's M&A market in first half of 2024: Top 10 deals decoded

Majority of the deal making activity involving India targeted the High Technology sector which totaled $5.8 billion, a 13.2% increase in value from the comparative period last year.

Elections are over, where should you park your money? Mirae Asset answers

The asset management company prefers large-cap oriented funds and hence any fresh allocations may be made in diversified funds like largecap, Flexicap and Multicap. H

Delhi residents beware: Electricity bill scammers are on the prowl

Fraudsters send messages claiming overdue payments and urging people to click on dubious links or call unfamiliar numbers. These links often lead to malware-infested websites

Debt outflows offset by equity boom: Mutual funds cross Rs 60 trillion mark

Within the equity fund category, multicap funds experienced 78% rise in inflows to Rs 4,708.57 crore, while investments into largecap funds increased by 46% to Rs 970.49 crore.

Quant MF bleeds red: Investor outflows hit top 5 funds, what should you do?

Between June 24 and June 30, there was a net outflow of Rs 2,800 crore, representing 3 per cent of the assets under management (AUM) from the previous week.

Ride the economic wave: Edelweiss launches Business Cycle Fund for India

The fund manager keeps a close eye on economic indicators and trends to understand the current stage of the business cycle (expansion, peak, contraction, trough).

33% annual surge in diversity hiring: Here are most in-demand jobs in India

Metros like Bengaluru, Delhi-NCR, and Mumbai lead the way as diversity hiring hubs, with a good share of jobs dedicated to women, persons with disability, and the LGBTQIA+ community.

Sebi cracks down on sponsor bias: New rules for passive funds in India

Passive funds, except for ETFs and index funds, are now restricted from investing more than 25% of their net assets in listed securities of companies belonging to the sponsor group.

Nifty Microcap 250 up 75% in a year, real estate index up 112%: Motilal

he Nifty Microcap 250 and Smallcap 250 indexes, tracking the smallest companies in the market, surged by an impressive 11.56% and 7.90% respectively in June 2024