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All you need to know about SEBI’s new reporting mechanism for reporting deceased
Once it has been ascertained that the investor has indeed passed away, the intermediary will permanently block all debit transactions taking place from the accounts or folios of the deceased investor on the same day. This blocking will also include all non-financial transactions as well.
Ira PurnaikOctober 4, 2023/8:37 PM IST -
Should one invest in Consumption Mutual Funds?
Consumption stocks are expected to perform well this festive!
Money9October 4, 2023/8:31 PM IST -
IndusInd Bank’s Diwali gift for depositors!
IndusInd Bank will give 7.85 per cent RoI on fixed deposits of 1 year 6 months to below 1 year 7 months.
Kanishka BiratOctober 4, 2023/7:25 PM IST -
Office leasing hits record levels in India, Mumbai ranks on top
Mumbai saw the highest demand amongst all cities, with about 3.2 million sq. ft. office space leased between July-September, 2023. The city alone made up for 20% of total leasing activity across the 8 cities surveyed across India. Together with Bengaluru and Hyderabad, Mumbai accounted for 60% of all office space absorption during the previous quarter.
Ira PuranikOctober 4, 2023/7:14 PM IST -
Housing prices go through the roof in this city!
Housing prices up 6% YoY in Q3 CY23 in Mumbai; While, prices have risen by 4% in Delhi-NCR during the same period: Knight Frank
Kanishka BiratOctober 4, 2023/5:54 PM IST -
Deleveraging, domestic demand key trigger for rating upgrades of Indian firms
One of the factors influencing the upgrades is the buoyant stock markets that paved the way for raising equity to get rid of expensive debt.
Money9October 4, 2023/1:00 PM IST -
Caller tunes ring doubly loud for the Rs 1 lakh plus smartphones
The demand for the Rs 1 lakh-plus segment is not confined to the affluent segment only. Wide availability of consumer financing schemes has triggered consumption in this category in small towns too.
Money9October 4, 2023/12:56 PM IST -
Demat account tally at 12.65 crore by August 2023 end
The boom in the stock market and successive initial public offers (IPOs), has led to record number of demat accounts in the country but there is a decline in the number of active traders.
Shivram KrishnanOctober 4, 2023/10:00 AM IST -
Comprehensive crypto database in works, to be active by year end
Data from Financial Intelligence Unit (FIU) suggests that between 2019-21, cryptocurrencies worth Rs 28,000 crore were funneled towards financing drugs. The move is also critical, given that India has recently seen a spate of crypto scams and frauds.
Ira PurnaikOctober 3, 2023/8:39 PM IST
