Author: FintechLinkage Desk

Foreign investors are looking to buy India on any meaningful correction, but are not willing to chase most stocks at current valuations, said Pratik Gupta, CEO & Co-Head, Kotak Institutional Equities. In January 2024, Indian benchmark equity indices snapped a two-month gaining streak. The mid-cap. and small-cap indices continued their winning streak and were up 5% and 7% respectively. FII posted the highest outflows since February 2023 at $3.1 billion. This was offset by $3.4 billion of DII investment. Equity mutual funds witnessed a 28 per cent surge in inflows, to touch Rs 21,780 crore in January. This…

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The president, the White House and his campaign have highlighted Trump’s right-wing views President Joe Biden defended his mental fitness, pointing out his likely Republican challenger Donald Trump also gets things wrong. During an appearance on NBC’s Late Night with Seth Meyers broadcast early Tuesday, the president referred to reports Trump called his wife by a different name. It’s not clear if Trump was calling out to his wife or a former aide in the reported episode. Biden said what really matters is that the former president’s ideas are outdated. “You got to take a look at the other guy.…

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The National Pension System (NPS) offers an easy, cost-effective, and tax-efficient method for retirement savings. Your contributions are overseen by fund managers registered with the Pension Fund Regulatory and Development Authority (PFRDA). Currently, there are ten pension fund managers in the country, comprising seven private companies and three government-owned entities. Private entities include: Axis Pension Fund, Aditya Birla Sun Life Pension, HDFC Pension, ICICI Prudential Pension, Kotak Mahindra Pension, Max Life Pension, and Tata Pension Management. Government-owned managers operating within the system are LIC Pension, UTI Pension, and SBI Pension Management. Why does NPS invest mainly in large-cap companies?According to…

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While activities such as internet commerce, digital payments, and online learning are more urban-centric, OTT, communication, social media, and online gaming are more “democratised”. India has more than 800 million internet users and 86 per cent of them avail of over-the-top (OTT) audio and video services – the top use for the technology in the country, said a report on Tuesday. More than 90 per cent of Indians use the internet daily and on average spend around 1.5 hours there, according to the Internet in India Report 2023. However, the growth of the internet user base is decelerating, according…

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Tata crown jewel, Tata Consultancy Services (TCS), could outperform peers, delivering best-in-class revenue and margins in the next financial year (FY25), said analysts at UBS, who believe the Street is not pricing-in any potential re-rating in the stock.   “We see enough drivers to believe TCS can deliver industry-leading growth and margins among peers in FY25. These include: ramp-up of large deals such as BSNL, NEST, Aviva etc; revival in the BFSI segment; revival in cloud migration projects; and continued managed services demand strength at industry level,” analysts at UBS said.   The brokerage has increased their…

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Elon Musk responded to the story on X. A California bakery, which claimed that Tesla had not paid for a substantial order, has confirmed that the bill has been settled. This resolution comes after billionaire Elon Musk, CEO of Tesla, pledged to “make things good” in response to media coverage of the incident. Giving Pies, a Black-owned bakery in San Jose, reported that Tesla had cancelled an order for 4,000 mini pies. The bakery owner revealed that Tesla’s last-minute order on Valentine’s Day, initially for 2,000 pies, grew to 4,000 before being cancelled without payment, as per KTVU.  Elon Musk responded…

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The post has accumulated over 4.6 million views. A heartwarming video of a brother and a sister is going viral on social media. The clip captured the moment a flight attendant sister surprised her “baby brother” who boarded the plane as a part of the ground crew of IndiGo. Taking to Instagram, user Riya Rajesh Deokar, who is an IndiGo flight attendant, shared the wholesome video. “From the Deokar family to the 6E family! I am so proud of my baby brother. I love you so much, congratulations,” she wrote along with the clip. The video shows Ms Riya hugging…

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I intend to make a gift of ₹1 lakh to my adult daughter. What will be the tax implications of this gift for me as well as my daughter? Do I need to follow any procedure for making the gifts? Do I need to prepare any gift deed, if yes, what is the stamp duty applicable? Is the gift deed required to be registered? There are no tax implications of the transaction for either you or your daughter as gifts received from specified relatives including parents are not to be treated as income for income tax purposes given the provisions…

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By Anup Roy   The only member of the Reserve Bank of India’s policy committee calling for an interest rate cut said his colleagues are keeping rates too high, which could stifle economic growth.    Jayanth Varma, an external member on the six-person monetary policy committee, voted for a quarter-point cut at the Feb. 8 policy meeting, the first time in a year that he’s dissented from the rest. The committee led by Governor Shaktikanta Das opted to keep rates unchanged at the meeting. Varma argues that India’s real interest rate — or the inflation-adjusted rate —…

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He used his fortune to fund issues close to his heart, including Jewish causes, education and art. London: British financier Jacob Rothschild, a prominent member of the Rothschild banking empire and philanthropist, has died at the age of 87, his family announced Monday. “Our father Jacob was a towering presence in many people’s lives, a superbly accomplished financier, a champion of the arts and culture,” said a family statement. It noted he was also “a devoted public servant, a passionate supporter of charitable causes in Israel and Jewish culture, a keen environmentalist and much-loved friend, father and grandfather”. The statement…

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