Imagine your bank account is credited with money that wasn’t intended for you. Ethically, you should be reversing the transaction. But then, you may choose not to….. for the right reason. Could there be a right reason? Well, yes. If the law states, who has a say?

Now, let’s paint a picture for you. A global bank, acting as a loan agent, accidentally transfers millions of dollars to its customer’s creditor. The creditor refuses to repay the funds. To worsen the situation, the parties have legal backing. But that’s not all. The fund that the bank has mistakenly paid is…

We know that the selling price of a good/service minus its cost price is the profit earned by the producer. In other words, the selling price of a good should be greater than the cost price. Only then can the producer cover the expenses incurred in producing the good/service and also earn a profit.

That said, there can be instances when technology can make the production of a product/service cheaper. Coupled with this, if the demand for the product is high, consumers wouldn’t mind paying a slightly higher price to purchase it. This way, the value of the good/service has…

It is always a good practice to do your tax planning at the beginning of a financial year. Because, sound planning helps you make the most of the tax exemptions and deductions available to you and, in turn, save taxes. Submitting your ITD is one such way. More on it in this article.

Fixed deposits (FD) are known for their guaranteed returns and safety. That’s why these can be called a conservative investor’s best friend. Still, fixed deposits are not entirely risk-free; they carry a risk of default, meaning: when the issuer of a fixed deposit fails to pay the principal and interest on FD on its maturity. So then how to gauge the safety of an FD? One way is to look at their CRISIL ratings? But what are CRISIL ratings? Read on to know more. A fixed deposit offered by a commercial bank is covered by an insurance of Rs 5…

Union Budget 2021 is one of its kind. First, it is the first paperless Budget in Indian history. Second, it is more like a prescription to “get well soon” from the impact of the pandemic. Let us look at some of the proposals aimed to aid the economic revival.

Proposals impacting common people:

Better healthcare facilities

With a total outlay of Rs 2,23,846 cr as opposed to Rs 94,452 cr last year, the healthcare sector truly stole the show. Of the total outlay, Rs 35,000 cr is expected to be earmarked for COVID-19 vaccines. …

The Union Budget 2021 is set to be announced on 1st Feb 2021 and we thought why not compile a list of expectations that citizens have from it, especially during a time when hit by the pandemic. This time, Finance Minister Nirmala Sitharaman has promised India a Union Budget like never before, which has added to the anticipation and excitement of the citizens. Let’s understand what individuals and businesses are expecting, hoping, and wishing from the Budget 2021. Investments are not the same as savings Experts are hoping for an increase in the tax deduction limit available under Section 80C…

So far, Jan 2021 has been eventful for L&T Finance Ltd. Apart from reporting a ~50% increase in its Q3 FY 2021 loan disbursements, the private-sector lender also announced a rights issue of Rs 3,000 cr. Let’s discuss the details and prospects of the company.

Q3 results of L&T Finance Ltd

Q3 being the first quarter post lifting the COVID-related moratorium announced by the government was an eventful one for L&T Finance Ltd. A major chunk of L&T Finance’s borrowers who had defaulted EMI payments during the moratorium have started making the instalments.

Although L&T Finance Holdings’ Q3 FY 2021…

HFFC IPO will allow existing investors and shareholders including True North, Bessemer Venture Partners, GIC, PS Jayakumar, and Manoj Viswanathan to partially exit their investments in the company.

In Oct and Nov last year, HFFC had issued over 22.40 lakh shares to Orange Clove Investments B.V. and 1.22 lakh shares to its employees via preferential allotment. Ergo, HFFC has slashed its fresh issue size from Rs 344.08 cr to Rs 265 cr due to its pre-IPO placement.

HFFC IPO details
The housing finance company has already raised Rs 346 cr from anchor investors on 20th Jan 2021. …