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Financial planning is a vital cog in the wheel for each and every household. But to avail the services of a financial planner does not seem to be a feasible option for each one of us. Under the banner of mutual funds on  how to open ELSS account  seems to be a perfect option. This is a type of mutual fund where investment is made in equities. In addition it also provides you with deduction of 1, 50, and 000 under section 80 C of the Income tax act of 1961. The reasons why you need to stick to ELSS When you compare it to the traditional investment option like PFF, or NSC, the ELSS account has a lock in period of 3 years. In case of the former it is 15 years and 8 years respectively. Though with an ELSS the shortest lock in period of 3 years is assured. A chance to invest in SIP To avail a mutual fund subscription a systematic investment plan is a key component. It means you invest small and fixed sum of money at regular intervals of time.    This proves to be an important investment too

Reliance Retail Ventures Ltd`s subsidiary on Thursday stated that it has obtained fifty one in step with cent controlling stake in Lotus Chocolate Company. The FMCG arm, Reliance Consumer Products Limited, is the fully owned subsidiary of Reliance Retail Ventures Limited has obtained Lotus Chocolate employer from Prakash P Pai, Ananth P Pai and different contributors of the present day promoter and promoter organization of the employer for ₹seventy four crore RCPL will accumulate 65,48,935 fairness stocks of LOTUS representing fifty one% of the paid-up fairness proportion capital of LOTUS from the present day promoter and promoter organization of LOTUS at a fee in step with proportion of Rs. 113.00 aggregating to Rs. seventy four crore,” stated Reliance Retail in its regulatory submitting. It has additionally introduced an open provide to the general public shareholders of Lotus for 26 in step with cent. RCPL might make a Public Announcement to the general public shareholders of LOTUS

The Reserve Bank of India (RBI) has decided to extend the deadline for banks to complete the process of renewal of agreements for the existing safe deposit lockers in a phased manner by December 31, 2023, with intermediate milestones of 50% by June 30, 2023, and 75% by September 30, 2023. The earlier deadline was January 1, 2023. Further, banks have been advised to make necessary arrangements to facilitate execution of the revised agreements by ensuring the availability of stamp papers,” the RBI said in a circular. In August, 2021 the Reserve Bank of India (RBI) had asked banks to enter into revised agreements with the existing locker holders by January 1, 2023

Bank of Baroda has recently increased the interest rates offered on the “Baroda Tiranga Deposit Scheme”, a limited period special retail term deposit product that is available in two tenor buckets of 444 days and 555 days. The Baroda Tiranga scheme now offers depositors an interest rate of up to 7.50% p.a., which includes 0.50% p.a. for senior citizens and 0.25% for non-callable deposits. Savers that are interested in securing this higher rate will have to hurry up as the scheme closes on December 31, 2022. Existing customers of Bank of Baroda can easily open an online FD via the Bank’s Mobile Banking app (bob World) or Net Banking (bob World Internet). Bank of Baroda FD Rates Bank of Baroda has hiked retail term deposit by up to 65 bps. These rates are applicable on deposits below ₹2 crore, with effect from December 26, 2022. The bank will give interest rate of 5.75% on deposits maturing in 211 and 270 days and 271 days & above and less than 1 year. Deposits maturing in one year,

Shares of One ninety seven Communications, operator of Paytm, quick gave up their commencing profits on December 14 and traded decrease regardless of the corporation`s board approving a Rs 850 crore proportion buyback plan on December 13. The corporation stated that it’s going to purchase returned as much as 10.five million stocks of the corporation at a rate of as much as Rs 810 according to proportion, which turned into tons better than the Rs 650 according to proportion anticipated through the marketplace. However, marketplace individuals expressed sadness over the course via which the corporation will buyback stocks. Paytm stated that it’s going to purchase returned its stocks via the open marketplace technique in preference to the tons desired soft course. Further, beneathneath the soft course 15 percentage of the buyback of stocks is reserved for retail buyers whereas, no such exemption exists beneathneath the open marketplace course. Several marketplace individuals chided the op

The Securities and Exchange Board of India (SEBI) has barred Abhay Bhutada, director of Poonawalla Finance, and 7 others from accessing the stock exchange after alleged trading . In a 46-page interim order, SEBI said the eight entities had made total wrongful gains of Rs 13.58 crore through trading in shares of Magma Fincorp (now Poonawalla Fincorp) round the time it had been acquired by Rising Sun Holdings (RSHPL). All the Entities, viz: Entity nos. 1 to eight are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders,” the market regulator said witin the interim ex-parte order. RSHPL had earlier this year acquired a controlling stake within the NBFC through an equity infusion of Rs 3,456 crore. Bhutada was director and CEO of Poonawalla Finance, a subsidiary of RSHPL. Bhutada allegedly passed on unpublished price sensitive information (UPSI) to some connected entities, consistent with SEBI’s interim order

The latest statement comes weeks after the agency slashed 2 percentage of its staff, shedding round 8,000 personnel withinside the first week of January as part of its over 18,000 removal power as introduced via way of means of CEO Andy Jassy in advance. Around 2,three hundred personnel of e-trade large Amazon have acquired caution be aware beneathneath the agency`s Warn Act on process cuts. Employees from United States, Canada and Costa Rica are set to permit pass, in keeping with information organization Reuters. This comes weeks after the agency slashed 2 percentage of its staff, shedding round 8,000 personnel withinside the first week of January as part of its over 18,000 removal power as introduced via way of means of CEO Andy Jassy in advance. Tech businesses are on an removal spree international referring to a probable worsening worldwide economy. Microsoft is a number of the latest businesses to announce round 10,000 process cuts throughout the engineering divisions. The scalin

As we know, GST Council in their 48th meeting decided to change the definition of what an SUV is. Under the new a definition, a vehicle will have to meet 4 criteria’s to qualify as an SUV. It should be popular in the market as an SUV, the vehicle’s length should be over 4,000 mm, the engine capacity should be above 1,500 cc and the ground clearace of the vehicle should be over 170 mm. Only if the vehicle meets these criteria, it is eligible to be called as an SUV. Anything that does not meet these criteria’s are not SUVs and would attract lower tax rates. So which all SUV meet all four criteria laid by the GST council? let’s take a look. The sub-4 meter segment SUVs like Maruti Brezza, Hyundai Venue, Kia Sonet, Nissan Magnite, Renault Kiger, Mahindra XUV300 and Tata Nexon are all not eligible as SUVs according to the new definition. Most of these SUVs do not meet several parameters mentioned by the council. As per the new definition, if the vehicle fails to meet any one of the criteria

Shares of breweries & distilleries’ companies were focused on Wednesday with United Breweries (UBL), Pioneer Distilleries, Globus Spirits, United Sprits and GM Breweries ralling up to 11 per cent on the BSE within the intra-day trade on a faster volume recovery as multiple states started imposing lockdowns. as compared , the S&P BSE Sensex was up 0.31 per cent at 55,967 points at 12:25 pm. Among individual stocks, Pioneer Distilleries hit a fresh 52-week high of Rs 143.90, surging 11 per cent today on the rear of heavy volumes. Meanwhile, UBL was up 7 per cent at Rs 1,509.60, and was trading on the brink of its 52-week high level of Rs 1,537.65 touched on August 3, 2021. also soared 9 per cent to Rs 719.05 and hit a 52-week high on the BSE, supported by a seven-fold jump in trading volumes. United Spirits is one among the country’s leading beverage alcohol companies and a subsidiary of worldwide leader Diageo PLC. the corporate manufactures, sells and distributes premium brands

Diesel rates across the main metros have dropped once more by 18 to 25 paise on Friday. While diesel continues its downward move, petrol maintains its all-time high. Petrol has remained unchanged for a complete of 34 days as of Friday. Petrol prices last saw a hike in mid-July, while diesel saw the rates go up a couple of days before petrol. Since then neither had changed. Diesel prices started dropping on Wednesday and are consistently dropping by around 18 to 25 paise across the metros over the past three days. Petrol prices across the main metro cities had previously been hiked by 26 to 34 paise and have maintained that since. On Friday, the petrol price within the nation’s capital remained at Rs 101.84 per litre. In Mumbai, the worth of petrol was stagnant at Rs 107.83 per litre. Motorists within the city of Kolkata were dispensing Rs 102.08 per litre of petrol. Meanwhile, in Chennai, citizens were enjoying a comparatively lower petrol price of Rs 99.47 per litre. Chennai is that t

Wall lighting or better known as sconce lighting’ has been used for centuries inside homes and at public places too.  In this present time there are endless modern, contemporary and dynamic panaches of wall lights.  These are there to match up with the living space themes and styleYou can find a huge collection in Wall lights online India and accentuate your specific part of the room without getting overpowering. Not only this, but by going for wall lighting is a great way to save on high energy expenses.  Perfect spots for sconce lighting can be like the above kitchen sink where you do wash the dishes, right above the desk in your work area, installed above an art piece or show piece that you want to bring in spotlight. All in all, it always depends on your creativity. The more creative you are the more exotic experience you get with lights. You would find any and every type of light but you too have to invest in your creativity so as to pick the right one. Love your lifestyle You can

When human beings had no time to take a seat down at domestic for the beyond years,2020 had specific plans for all of us in Australia. People needed to take a seat down at domestic because of the danger of the pandemic. In this sort of situation, homes and their consolation has received quite a few importance to the human beings. As all of us know, 2020 become the yr of spending copious quantities of time at domestic. For the equal reason, clever domestic automation in Sydney has taken it to an entire new level. The enhancement of consolation via generation is making lives higher each day. The affiliation of domestic gadgets with new generation has progressed the way of life of human beings. In the lengthy run, the alternatives of development to be had to them could hit an entire new specific level. As rapid as they’ve made their creation into the world, the upgrades on those devices also are converting day through day. It is important to preserve up with the converting improvements to

You need a magnifying glass to find one person who doesn’t love ice cream. If you want to search the history of inventing ice cream, you have to go to countries like Italy, Switzerland or Germany. But, there is a different version of ice cream in the South East Asian countries which is immensely popular worldwide and that is known as Kulfi. Today, you enjoy different types of kulfis; but do you know the origin of this cold dessert? Get a glass of kulfi in your hand and travel with us to find the history of this amazing dessert. Kulfi According to old beliefs, the Himalayan people used to have frozen dessert, made of cow milk, ice or snow, and several other ingredients. Later, during the Mughal Empire, the Mughals tasted this old form of the desert and loved it. They transported this to Delhi and make it richer and creamier by adding condensed milk, pistachios, cashews, and saffron. By this, kulfi got its flavour, colour, and better taste. The word ‘kulfi’ is derived from a Persian word

NAV signifies the number of units you are going to avail. The performance along with returns of the mutual fund schemes goes on to matter the most. Basically it connotes the value of mutual fund assets deducted by the liabilities of mutual funds. It could also denote the value at which you are going to sell the unit and this is if any load is applicable. This might seem to be a simple concept but still a lot of confusion exists among the users. In calculation of  NAV formula  will it go on to include all expenses? Would be it worthy to invest in a scheme which has higher or lower NAV. In the forums of mutual fund such queries seem to be common. More about NAV? NAV means the consortium of the price of all securities along with the liquid cash. After deduction of all liabilities it is being calculated on a per unit basis. If the prices of the majority of securities held by your rises then it is expected that NAV is going to rise and vice versa. The NAV has a strong relation to the prices

The USA is known for several reputed hospitals in the country with medical or healthcare sectors experiencing tremendous growth year by year. The hospitals should make sure that each of the patients is provided with the best possible treatment.  When the doctors consult the patients, the patient interacts with doctors and the medical assistant only. But there are other people who work hard from out-of-the-scene to make the entire treatment procedure really satisfactory. While the patients and doctors get busy with health ailments; these people work in the background to make sure that medical claims are billed and processed correctly. Importance of medical billing Medical billing is one of the complex but important processes in the medical industry. Now every hospital and doctor have to provide electronically generated bills for the settlement of claims. The bills should be made in accordance with the requirements of the company to proceed with the claims and to collect the amount withi

The ongoing layoff spree is just like the one the tech enterprise in no way noticed before. Several hundreds of personnel have been issued purple slips and plenty of nonetheless stand at the verge of having fired. In the midst of all this, Indian IT giant, Tata Consultancy Services (TCS) isn’t always thinking about any layoffs. Instead, the corporation is making plans to announce profits hikes quickly. According to a document via way of means of Mint, TCS leader Human Resources officer Milind Lakkad on Sunday hinted that the corporation will quickly be pronouncing profits hikes to be able to be just like in advance years. In the 1/3 area of FY23, TCS decreased its body of workers via way of means of 2,197 personnel sequentially. We don`t do that (layoffs), we agree with in grooming expertise withinside the corporation…(there’ll be) no layoffs,” stated Lakkad. He stated this whilst speakme approximately layoffs. He in addition pointed out the continued firing spree and defined that many

The crisis-ridden Adani Group is transferring an investor roadshow to Hong Kong Tuesday, persevering with its appeal offensive to ease issues approximately its monetary fitness and company governance triggered via way of means of a short-seller`s allegations. The -day roadshow in Hong Kong follows a chain of investor conferences on Monday in Singapore, in which executives stated the Indian conglomerate has sufficient cash to pay off debt due over the subsequent 3 years further to an $800 million credit score facility. This week`s conferences withinside the Asian monetary hubs mark the ultra-modern attempt via way of means of billionaire Gautam Adani`s institution to reassure buyers after US-primarily based totally Hindenburg Research accused it of accounting fraud and inventory manipulation. While a set of rescue moves, from slicing fees to early debt repayment, have helped pull maximum Adani bonds from distressed territory, they stay underneath ranges visible earlier than the short-se

  Reliance Industries Ltd is foraying into the business of commercial property development and has set up a subsidiary called Reliance SOU Ltd. The company said in an exchange filing on Tuesday that it has incorporated Reliance SOU “to carry on, inter alia, the business of development of properties for commercial use.” It has invested an initial capital of ₹1 lakh in the subsidiary. There were no more details on this, including what kind of commercial properties it proposed to develop. It was also not clear whether the company intends this for its own use or for third parties. RIL’s interest in real estate or property development is not new. In 2019, it had acquired a 65 per cent stake in a real estate project in the business hub of Bandra Kurla Complex in Mumbai for ₹1,105 crore. A month later, it set up Reliance Navi Mumbai Infra Development for real estate development. It has a very active real estate division that undertakes major development projects for the group such as the Jio

Reliance Industries and Tata Power, in addition to global corporations like First Solar, are competing for India`s $2.4-billion economic incentive scheme to sell home sun module production and decrease dependence on imported panels from China, Bloomberg said on March 2. Other involved events consist of JSW Energy, Avaada Group and ReNew Energy Global.Adani Group, one in all India’s biggest sun panel manufacturers, did now no longer take part withinside the bidding process, as in step with the report. The economic help is a part of Prime Minister Narendra Modi`s purpose to show the state right into a production powerhouse, growing extra jobs withinside the financial system and lowering imports which could drain overseas exchange. PM Modi’s “Make in India” marketing campaign is an attempt to exhibit the u . s . a . as an opportunity to China amid a worldwide push to diversify deliver chains withinside the wake of the pandemic. The authorities is supplying presents to take the u . s . a .

Black Friday is ultimately right here, and it has introduced with it more than a few wonderful offers on all forms of extraordinary merchandise — along with clever domestic gadgets. In 2021, we noticed a ton of fantastic clever domestic offers, and it looks as if this 12 months will preserve that trend. Smart domestic gadgets, in general, have become better, and they`re getting simpler to combine into your lifestyle. That`s authentic regardless of what atmosphere of merchandise you stay in — whether or not it’s Google Home, Amazon Alexa, or Apple`s HomeKit. Or, for the primary 12 months, perhaps you`re considering clever domestic gadgets which might be in all likelihood to get Matter guide. Matter is ready to roll out, and whilst you in all likelihood won`t see too many Matter-well suited gadgets simply yet, you can see gadgets that organizations have promised will guide Matter down the line. There are pretty various of factors to take into account earlier than you purchase a brand new