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CLSA bullish on insurance stocks; ups target price
Global brokerage firm CLSA is most bullish on Max Financial Services in the insurance space. It was followed by SBI Life then HDFC Life Insurance and ICICI Prudential Life Insurance Company. In its report on January 19, CLSA said that private life insurers have recovered well from the pandemic with positive APE (annual premium equivalent) […]
Rahul OberoiJanuary 21, 2021/12:33 PM IST -
Sensex hits 50,000: Here’s what analysts are saying
The benchmark equity index BSE Sensex scaled another psychological level of 50,000-mark for the first time on Thursday. Heavy buying in index heavyweights including Reliance Industries, Bajaj Finance and ICICI Bank lifted the sensex past 50,000.Overall, the index has gained around 95% from the lows of March 24, 2020, when the market tanked due to […]
Rahul OberoiJanuary 21, 2021/12:28 PM IST -
Are you aware of your financial rights as an Indian citizen?
Money9 takes a look at the rights of citizens while availing various services
Noopur PraveenJanuary 21, 2021/10:31 AM IST -
Hyderabad real estate continues to see price hike in Q4; Bengaluru, Chennai show signs of revival
The housing market in southern India is shows some sign of revival in the December quarter with an improvement in the new launches and sales. According to PropTiger, Hyderabad, Bengaluru and Chennai together had 43% share in national launchers during the December quarter, while they contributed 29% to the national sales numbers during the period. […]
Rahul OberoiJanuary 20, 2021/3:21 PM IST -
No GST should be levied by employer on recovery of notice period payment
Recently, the Hon’ble AAR, Gujarat held that GST@18% is applicable on recovery of notice pay as it can be regarded as a consideration for “tolerating the act” of the employee for not serving the notice period and will be covered under Clause 5(e) to Schedule II to CGST Act. It is to be noted that […]
Bimal JainJanuary 20, 2021/3:19 PM IST -
Separate section needed for home loan payments: Adhil Shetty
After an incredibly tough year, there are high expectations from this year’s Union Budget. Measures that will put more disposable income in the hands of the common man and boost economic sentiment would be most welcome. I would like to see a new section being created in the Income Tax Act to provide enhanced, comprehensive […]
Adhil ShettyJanuary 20, 2021/3:04 PM IST -
WayCool Foods ties up with IIT-Hyderabad to develop antimicrobial food packaging material
Mumbai: Agri supply chain startup WayCool Foods has signed a three-year agreement with the Indian Institute of Technology Hyderabad (IIT-H) to develop antimicrobial food packaging material by using biopolymers. As per the Memorandum of Understanding, WayCool will invest close to Rs 20 lakh for co-developing economically viable and biodegradable packaging that will retain the freshness […]
Press Trust of IndiaJanuary 20, 2021/2:27 PM IST -
Youngsters must get into the habit of investing
Risk appetite and liquidity should ideally drive this decision but it usually gets driven by hear and say advice resulting in a regret most of the times.
Sharad KohliJanuary 20, 2021/2:23 PM IST -
Liquidity boost for stressed projects need of the hour
There is a need to promote the rental market in India. Currently, the set off and carry forward of losses from house property is restricted to Rs 2 lakh.
Renu Sud Karnad – Managing Director , HDFC LtdJanuary 20, 2021/2:20 PM IST
