59% returns in a year: Time to
The healthcare sector mutual funds have emerged as the third best equity category, with 59% average return in the past one-year period, marking a swift turnaround from losses in the previous 12 months. Though the recent positive performance may tempt investors eager to capitalise on this structural trend, there are various nuances in ‘healthcare’ funds…
ET Wealth | Restructure salary to cut
The average salary hike this year will be 9.5%, according to a study of 1,414 companies across 40 sectors by global HR firm, Aon India. However, the averages hide disparities, and increments depend on a range of factors, including the individual’s performance, how relevant his skills are, the company’s financial performance and even the prospects…
Growth comes when govt is first buyer:
The G20 Sherpa and former CEO of Niti Aayog Amitabh Kant delivered an address emphasizing the importance of learning from Israel's procurement model and promoting women-led development within the startup ecosystem at the inauguration of 'Startup Mahakumbh' at Bharat Mandapam on Monday.Kant underscored the necessity of studying Israel's approach to innovation, particularly in sectors such…
India has to build 3 new Indias
Ashish Bhandari, MD & CEO, Thermax Group, says “by 2030, almost two-thirds of Thermax would be growing businesses that are very small today as part of the larger Thermax portfolio. We expect to drive almost every one of these newer areas that we are getting into and they are not necessarily, there are solutions around;…
POTD vs tax-saving FD: Which offers higher
The government revises small savings schemes interest rates every quarter. However, for the April- June 2024 quarter, the government has kept the rates unchanged of all the 10 small savings schemes which includes Post Office Time Deposit (POTD) of 5 year tenure. Many banks also offer tax saving benefits on 5 year fixed deposits. Here…
Blinkit will be bigger than Zomato: Deepinder
Quick-commerce platform Blinkit will become larger than its parent Zomato’s food-delivery business in a year, Deepinder Goyal, chief executive of both the companies, said at the three-day Startup Mahakumbh event here on Monday.“For us, it’s all about how we disrupt our own businesses,” Goyal said in conversation with Info Edge India cofounder and vice-chairman Sanjeev…
Government servants can't buy/sell stocks frequently
There are certain service-related rules and regulations that every central government servant must follow even when acting in a personal capacity otherwise it could result in strict action. One such rule is about stock market transactions by government servants upon whom Central Civil Services (Conduct) Rules, 1964 are applicable.Rule 16 of Central Civil Services (Conduct)…
How many times can you make changes
When an employee makes a withdrawal from their EPF account, inaccurate information that was submitted or mistakenly entered might lead to a number of issues. It's possible that the name needs to be spelt correctly, wrong date of birth, mismatch is date of joining can halt the PF disbursement. However, there are restrictions on how…
How mkts may move now before pre-election
Sandip Sabharwal, asksandipsabharwal.com, says “it is important for the froth to go out because there was too much speculation happening in too many segments and although optically the index has hardly fallen, when we talk of the correction on the largecap side the index, there is hardly any fall – 2% off the top. But…
Startups in deep tech space is about
India’s national deeptech startup policy is in the final stages of inter-ministerial consultations, Department for Promotion of Industry and Internal Trade (DPIIT) secretary RK Singh said here on Monday.“What really matters in startups is its ability to commercialise and develop intellectual property rights (IPR),” he said at the Startup Mahakumbh, a three-day startup industry event.…