Month: March 2019 Articles

What is Investment Banking and Know its Advantages

Investment banking: demystifying the jargon in the corridors of corporate finance. Arti Samant, whose Kitchen Accessories Company is becoming a name to reckon with in the startup circles, feels overwhelmed to figure out how to keep control on her finances. She started selling aprons and chef hats and gloves as a hobby but it soon became famous after celebrities who shopped there featured her on their social media. Orders started pouring in and the income, it grew exponentially. She even hired senior management teams to streamline business flow and finances.…

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Everything you need to know about portfolio management

When Aditya started working he was very excited about his salary and would dream of how to spend it, what he would buy, who he would treat, where he would travel. He was however a responsible son and also gave his parents money for monthly expenses. Saving however, was the farthest from his mind. Whatever deductions his company made towards his tax liabilities and the mandatory saving schemes such as PF, PPF, insurance policies, Aditya was ok with it. Once his salary package grew, he even made some small investments…

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How to save income tax

Beware the ides of March,” the soothsayer warned Julius Caesar before his gory assassination. This was what Viral Patel was thinking about when the month approached. Well, nothing so gory could have happened to him, but it was a time to be wary nevertheless. Because it was a time when he had to ponder about how to save tax and make those investments before the month was out. The tax authorities in their infinite wisdom had told us how to save income tax in India, and Viral had better grasp…

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How to make sure you don’t face tax cuts in your salary?

Rahul Mehta is works as a senior associate with an IT firm. He earns an annual salary of ₹800,000 and often finds himself in a tough spot come tax-filing season. When the tax season finally comes around, he is confused about the right tax-saving investment instruments and end up making investments that don’t add any real value. But if Rahul planned his taxes in advance, he would have reaped enormous benefits. Unlike Rahul, his friend Anand, went about planning taxes in such a way that he didn’t face any tax…

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Tax saving advantages while investing in an ELSS

Rhea has just graduated from college and started working in a consulting firm. She believes in being financially disciplined and wants to start saving early on. As she was going through various options to invest, she came across Equity Linked Savings Scheme (ELSS) and decided to invest in it as it was one of the best tax saving option. Let us find out what are the distinct features of ELSS which made Rhea choose it. One of the most popular investment options to help efficient tax planning is a tax…

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Everything you need to know about tax saving fixed deposits

Amit has started making plans for investing, not just to save tax, but also for the long-term. When he searched online for the best options, he kept getting an endless list of traditional and modern investment avenues. Being aware of how unpredictable the market has been, Amit was cautious of market associated risks. His friend suggested he look at traditional investments like Fixed Deposits (FD). Amit had never considered traditional instruments to invest in before, especially from the point of view if saving tax. Let’s see if fixed deposits are…

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L&T takes over Mindtree: What exactly is a hostile takeover?

In March 2019, infrastructure giant Larsen & Toubro made headlines when it made a hostile takeover bid for the information technology company Mindtree. It is the first such hostile takeover attempt in the IT sector in India. L&T acquired a 20.32 percent stake in Mindtree from investor V.G. Siddhartha, who happens to be the owner of the Café Coffee Day (CCD) chain. The company then decided to pick up another 15 percent from the market, and is making an open offer to investors, offering Rs 980 per share to acquire…

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