Bajaj Electricals surged by nearly 10% during the third week of May. The volume of trade in the stock was also pretty high. The stock has corrected around 50% from its all time high of Rs 383 in May 2014 to 199 in December 2014, and then bounced back strongly from there to the current levels of Rs 264 levels. During this bounce the stock has formed a double bottom pattern in line charts followed by a small pullback rally and breakout above the pattern resistance. We expect the stock…
Over a period of time, we have received numerous queries from taxpayers embracing varied topics in the income tax lexicon. However, if we were to choose any one issue that comes up most frequently, it would be that of House Rent Allowance (HRA) and its co-existence with tax deduction on home loans. Among all income tax doubts that arise in general, the issue of HRA going hand in hand with housing loan deductions seems to vex employees the most. R S Kamat asked, “His firm doesn’t allow both deductions simultaneously,…
In the run up to the historic Parliamentary elections in 2014, the stock markets in India scaled new heights in anticipation of economic reforms and hopes of a better business environment. However, in the last five months, the bourses have become jittery and have witnessed tremendous volatility owing to a host of factors ranging from perceived delays in reform to key bills facing challenges in passage in the Parliament. In such an environment, how should stock market investors react and what approach should they take? How does one make sense…
R. Balakrishnan ‘Balki’ Balki is the Chairman and Chief Creative Officer of the advertising agency Lowe Lintas India. He’s also a veteran ad filmmaker and film director, best known for Cheeni Kum (2007), Paa (2009) and, most recently, Shamitabh starring Amitabh Bachchan With 2020 just five years down the road, one would imagine we have a clear line of sight on the ‘ideas to be’ horizon. However, when it comes to ideas, I, for one, would not like to hazard a guess for the next 24 hours, let alone over…
Business leaders the world over have been quite diffident in embracing, and leveraging the power of social media. Even the CEOs who have Facebook and Twitter accounts use it to put out anodyne statements. But now that seems to be changing, albeit slowly. Business leaders realise the power of meaningful, and often playful engagement with consumers. It seems to be paying off.
Financial planning is all about getting rich! Right? Wrong. Many people harbor this misconception when they think of financial planning. When my 23-year-old cousin, who’d just completed MBA, got a job in one of the MNCs based in Hyderabad, he walked up to me asking me to advise him on the aspect of financial planning. I was surprised and wondered if youngsters are really so concerned about managing their finances and planning for the future to the extent of post retirement life. I have to admit, though, the current generation…
Of all taxable incomes, perhaps tax on rental income is most complicated as this is the only income that the Income Tax Act (ITA) taxes on a notional basis. In other words, the incidence of tax is based not only on the income earned from the property but also where no income is being earned, on the inherent potential of the property to earn income. Also, the exemptions and deductions differ as per the number of properties a person owns. Going by the number of emails we receive in the…
In the wake of recent earthquake, discussions about home insurance have taken a sudden centre stage. There has been a much required awareness on the catastrophic consequences of not having a home insurance policy. Let us take a quick look at the various nuances of a home insurance plan thus helping you make an informed buying decision. Why Home Insurance is Critical? Home insurance is the only safety net you have, for your most precious and expensive investment. There is no dearth of dangers that loom above your roof and…