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SC orders disbursal of Rs 9,000 cr to unitholders of Franklin Templeton’s six MF schemes
A bench of Justices SA Nazeer and Sanjiv Khanna said that the disbursal of money would be done in proportion to unitholders' interest in the assets.
Press Trust of IndiaFebruary 2, 2021/8:27 PM IST -
Money9 Budget Conclave: Top experts dissect Budget for Aam Aadmi
The inaugural launch panel included Nilesh Shah, Member, Prime Minister's Economic Advisory Council, Adhil Shetty, CEO of BankBazaar.com, Nithin Kamath, founder and CEO, Zerodha, Kamesh Goyal, founder, Digit Insurance and Rahul Chari, co-founder and CTO, PhonePe.
Money9February 2, 2021/8:21 PM IST -
Steel prices shoot up day after FM Nirmala Sitharaman announces cut in customs duty
Sanjay Budhia, chairman of CII national committee of export-import, said engineering exports constitute 25% of India’s merchandise exports.
Avijit GhosalFebruary 2, 2021/7:13 PM IST -
Gold price plunges by Rs 1,500 in two days, check the latest price
"Gold prices declined on lack of progress over the US stimulus package and in absence of fresh triggers. Traders and investors also rushed to book some profits," said Tapan Patel, HDFC Securities, Senior Analyst (Commodities).
Money9February 2, 2021/6:46 PM IST -
Reform measures to take India out of COVID-induced downturn: Rajiv Kumar
On disinvestment target of Rs 1.75 lakh crore for the next fiscal year, Kumar said a lot of preparatory work has already been done in the past 8-9 months, and now market conditions have changed.
Press Trust of IndiaFebruary 2, 2021/6:14 PM IST -
Sensex soars 1,197 points to close at record high of 49,797; Nifty climbs 366 points
Nifty Auto rallied the most, over 4%, followed by Nifty PSU Bank, Nifty Realty and Nifty Financial Services gaining over 3% each.
Money9February 2, 2021/4:37 PM IST -
Budget euphoria: Sensex soars nearly 1,200 pts; Nifty tops 14,600
The Sensex has amassed 3,511 points or 7.58 per cent in two sessions, and the Nifty has accumulated 1,007.25 points or 7.38 per cent.
Press Trust of IndiaFebruary 2, 2021/4:32 PM IST -
Budget 2021: Here’s what taxpayers should take note of
Currently, withdrawal from overseas retirement funds by residents is taxable on a receipt basis in such foreign countries and on accrual basis in India, resulting in timing mismatch. A new Section 89A is proposed to be introduced to address this concern.
Sudhakar Sethuraman and Kavitha JagadeesanFebruary 2, 2021/2:47 PM IST -
Right opportunity to ride the equity wave: Rajiv Bajaj of Bajaj Capital
In an interview with Money9, Rajiv Bajaj shares his views about the Budget and what it holds for the markets and the common man.
Sarbajeet K SenFebruary 2, 2021/2:30 PM IST
