Posts Tagged “in”

US import, export prices up in July

By |

US import, export prices up in July

U.S. import and export prices both increased in July, the U.S. Department of Labor reported on Wednesday. The price index for U.S. imports rose 0.2 percent in July, after a decrease of 1.1 percent in the previous month. Prior to June, prices for U.S. imports advanced in each of the first 5 months of 2019….

Read more »

Why you shouldn’t rush to buy property in J&K

By |

Why you shouldn’t rush to buy property in J&K

Now that Article 35A, a law that debarred non-residents of Jammu and Kashmir from buying properties in the erstwhile state, has been revoked, people from other states can own immovable property in the newly carved Union territory. However, there’s not much clarity on how the move will pan out for investors. Two days after Article…

Read more »

Australian, Canadian pension funds pledge $2 billion in NIIF

By |

Australian, Canadian pension funds pledge $2 billion in NIIF

The National Investment and Infrastructure Fund Ltd (NIIF) Tuesday said it has received commitments of about $2 billion from AustralianSuper, Australia’s largest superannuation and pension fund, and Ontario Teachers’ Pension Plan (Ontario Teachers’), one of Canada’s largest single-profession pension plans. These include commitments of $250 million each into NIIF’s master fund, and co-investment rights of…

Read more »

Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr

By |

Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr

New Delhi: US-based Invesco-Oppenheimer Developing Markets Fund has agreed to pick up 11% stake in Zee Entertainment Enterprises Ltd (ZEEL), the flagship media company of Subhash Chandra’s Essel Group. The stake sale will be for a total consideration value of up to ₹4,224 crore, the company said in a press statement. The proceeds from the stake sale will go…

Read more »

Millennials almost half of new mutual fund investors in FY19

By |

Millennials almost half of new mutual fund investors in FY19

NEW DELHI: More and more millennials are taking to mutual fund investing and are letting their corpuses grow by holding them over long terms. According to data from Computer Age Management Services (Cams), a transfer agency which services 68% of MFs in India, of the 3.6 million new MF investors it onboarded in FY18-19, 47% (1.7 million) were…

Read more »

Lightspeed: The fund that bets on getting in early

By |

Lightspeed: The fund that bets on getting in early

When Lightspeed India Partners set up its first India fund, worth $135 million (₹926 crore), in 2015, it had already had a taste of the potential of Indian startups. Beginning with a $7 million (₹48 crore) investment in online tutorial Tutorvista in 2006, the US-based Lightspeed Venture Partners had zeroed in on future unicorn Oyo…

Read more »

What India’s three largest mutual funds bought and sold in June

By |

What India’s three largest mutual funds bought and sold in June

Inflows into Indian equity mutual funds jumped the most in three months in June as hopes for greater political stability and the central bank’s continued easing bolstered risk appetite. They took in ₹76.6 billion ($1.1 billion), according to the Association of Mutual Funds in India. That’s up from 54.1 billion rupees that the funds got in May, and…

Read more »

Here’s why falling mortgage rates won’t spark recovery in the housing market

By |

Here’s why falling mortgage rates won’t spark recovery in the housing market

The housing market won’t recover much in the second half of 2019, says Capital Economics. Mortgage interest rates have fallen this year, but that hasn’t spurred much action in the housing market, and things are unlikely to turn around for the remainder of the year as concerns about the economy continue to grow, the economists say. “The…

Read more »

Delhi BJP Worker, Son Shot At In Rohini Over Alleged Property Dispute

By |

Delhi BJP Worker, Son Shot At In Rohini Over Alleged Property Dispute

Police said the Haryana Police will be contacted to arrest the accused. (Representational) NEW DELHI:  A 60-year-old local Bharatiya Janata Party worker and her son were injured after they were shot at allegedly by a known person in Delhi’s Rohini area, the police said on Friday. According to the police, the BJP Mahila Morcha member…

Read more »

Invest in a thematic mutual fund only if you’re convinced about the sector’s growth

By |

Invest in a thematic mutual fund only if you’re convinced about the sector’s growth

I have been investing ₹25,000 in mutual funds each month through systematic investment plans (SIPs) for a year now. I am investing in ICICI Prudential Bluechip Fund, HDFC Hybrid Equity Fund, Tata India Consumer Fund, Axis Long term Equity Fund and Mirae Asset India Equity Fund. All my investments are direct plans (growth option). I want…

Read more »

Turkish property sales to foreigners up 63% in May

By |

Turkish property sales to foreigners up 63% in May

Turkish property sales to foreigners recorded a 62.5% increase in May compared to the same period of last year, according to data by the Turkish Statistical Institute (TurkStat). Foreigners purchased a total of 3,952 housing units in May, TurkStat said. Istanbul was the leading city with 1,734 properties sold, followed by the Mediterranean holiday resort…

Read more »

How to Come Up With Startup Business Ideas in the Digital Era

By |

How to Come Up With Startup Business Ideas in the Digital Era

Every ambitious entrepreneur has the same major objective — for their startup business idea to become the next big thing. It may be hard to imagine, but Steve Jobs and Mark Zuckerburg were once in the same position as most business owners. Coming up with an idea for your startup business should be approached with the same dedication as every…

Read more »

Are Property Taxes Actually Low in California?

By |

Are Property Taxes Actually Low in California?

Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question. Q. Is California really a low-property-tax state? A. In terms of residential property taxes, yes, according to H. Michael Soroy of the Law Offices of H. Michael Soroy in Los Angeles. “When it comes to real property…

Read more »

Is my mutual fund portfolio appropriate to create wealth in 15 years?

By |

Is my mutual fund portfolio appropriate to create wealth in 15 years?

I am 35 years old. I have a medium risk appetite and want to create maximum wealth by investing Rs 20,000 per month for a period of 15 years. I also invest a lumpsum whenever I find an opportunity in the market. I am investing in the following mutual funds: HDFC Small Cap Fund: Rs 5,000…

Read more »