Personal loan or overdraft: Which one is better for you?

When you need money, you can choose from credit options like personal loans or overdrafts. The choice between the two can be based on how long you need the money, how the interest will be charged, how you will make the payments, etc. So, let us discuss what is a personal loan and overdraft, what … Read more

Markets: China stocks primed for bullish reopening after upbeat data

IDFC First Bank Share Price Target

Chinese stocks look set for a strong start as onshore traders return from the Lunar New Year holiday, with a bounce in travel and tourism data providing much-needed relief to one of the world’s worst-performing major markets. With trading in mainland China closed from February 9-16, investors will likely take cues from the gains seen … Read more

Nifty: Bullish patterns hint at further upside, Nifty may touch 22,500: Analysts

Most of the technical charts show a bullish pattern, which suggests that if Nifty maintains levels above 21,800, it can reach 22,500. Alternatively, according to technical analysts, support is seen at 21,600 levels. He saw positive setup in various stocks including Maruti, TVS Motor, ACC, Biocon, Tata Motors, M&M, Persistent, Ambuja Cements, Adani Ports, Federal … Read more

India’s current account deficit likely at below 1% of GDP in FY24

MUMBAI: A smaller-than-expected trade deficit and higher services exports in January have prompted economists to trim current account deficit (CAD) estimates for FY2024. Capital inflows are expected to improve through both foreign direct investment (FDI) and portfolio inflows during the remaining financial year. But potentially higher forex inflows may not mean a stronger rupee as … Read more

MNCs in China rethink their Xinjiang connect

Beijing: Volkswagen is reviewing the future of its joint venture in northwestern China’s Xinjiang region and another German industrial giant is starting to sell its stake there following a new international investigation into forced labor by predominantly Muslim ethnic groups… Volkswagen said last week it was in discussions with state-owned Shanghai Automotive Industry Corp, one … Read more

Should you invest in Mirae’s latest multi-factor small-cap fund?

The index – Nifty Smallcap 250 Momentum Quality 100 – has been created by the National Stock Exchange (NSE) based on discussions with Mirae Asset MF. Mirae Asset Nifty SmallCap 250 Momentum Quality 100 ETF. an exchange-traded fund or ETF—will aim to mimic the performance of the index, which will be reviewed and rebalanced every … Read more

Understanding tax liability on property sale

  My grandfather bought a residential plot in 1972 6 lakhs in Delhi. He died in 1991 and the land was inherited by my father. My father built a house on the land in 1995 and gifted the house (and the land it stands on) to me in 2011. I sold the house in September … Read more