Indian banker in London loses over ₹1.2 crore to crypto fraud; how to protect yourself from falling prey?
A similar incident happened to a 37-year-old man in Bengaluru who met a woman named Megha Raghavan on a matrimonial site and eventually lost ₹76.2 lakh. Key Points
mintAzim Premji’s family office: India’s new finance hub GIFT City gives first nod to rich to invest abroad
India's new financial hub, Gujarat International Finance Tec-City (GIFT City), has granted approval to Azim Premji's family office to set up a family investment fund. The approval comes as dozens of applications for FIFs allowing families to invest across various asset classes and instruments offshore are still pending. Key Points
Economic TimesIs this the right time to invest in US bonds? Kaustubh Gupta explains
Aditya Birla Sun Life Mutual Fund (ABSLMF) has launched two open-ended fund of funds that invest in US treasury bonds with maturities between 1-3 years and 3-10 years. The Co-head of Fixed Income at ABSL AMC, Kaustubh Gupta, states that investing in US bonds makes sense due to their relatively cheap valuation and the expectation that the Federal Reserve is nearing its peak rates. Investing through mutual funds in the ETF route allows for ease of investment and diversification in risk-off scenarios. Key Points
Economic TimesWhat sort of investments are allowed for NRIs in India? Shweta Rajani answers
You need to have your PAN card, address proof, a bank account statement and your passport copy in place to get your KYC and other details done. If you have these two things in place, then you can invest in India. Key Points
Economic TimesExclusive: Arm signs up big tech firms for IPO at $50 bln-$55 bln valuation -sources
Customers of Arm Holdings Ltd including Apple Inc (AAPL.O), Nvidia Corp (NVDA.O), Alphabet Inc (GOOGL.O) and Advanced Micro Devices Inc (AMD.O) have agreed to invest in the chip designer's initial public offering, according to people familiar with the matter. Key Points
Reuters
Crypto fraud alert: Gurugram-based exec meets women on matrimonial site, gets duped of ₹38 lakh. Here's what happened
A Gurugram-based consulting firm executive met the women on a matrimonial site. She asked him to invest in cryptocurrency and made him a trading account on a website called m.deuncoin.vip Key Points
mintBest balanced advantage funds or dynamic asset allocation funds to invest in 2023
Mutual fund managers and advisors have been asking conservative and new equity investors to invest in balanced advantage funds to tide over the volatile phase in the market. They believe these schemes are ideal to invest in stocks without worrying too much about the market levels and valuations. Key Points
Economic TimesBroadcom to invest in a $1 billion EU-funded chip programme in Spain
U.S. chipmaker Broadcom (AVGO.O) will invest in a European Union-funded programme to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday. Key Points
ReutersAmazon cloud unit to invest nearly $8 billion in Ohio
Amazon.com's cloud computing division would invest $7.8 billion through 2030 in Ohio to expand its data center operations, it said on Monday. Key Points
ReutersFoxconn India to spend Rs 1,200 cr to build a factory, scale up operations
Foxconn plans to invest ₹1200 crore in a factory in India through its subsidiary, Hon Hai Technology India Mega Development. The investment is aimed at 'operational needs', following previous reports of Foxconn investing over $1.5 billion in an Indian construction project. Key Points
Economic Times
Godrej Consumer invests Rs 100 crore in startup fund
Spring is helmed by founders Raja Ganapathy, Arun Iyer and Vineet Gupta. Its first fund of ₹150 crore continues to invest in companies at Series-A level and beyond. GCPL's move is similar to that of its rivals, including Wipro, Unilever and Nestle, which have venture funds that invest in startups in the Indian consumer brands space. Key Points
Economic TimesRich face crypto dilemma: To bet or not via foreign route
Unlike direct purchase of cryptos, investing in an ETF is subscribing to units or securities issued by a regulated fund --- a feature that most think is a kosher trade. However, some of the Indian banks refuse to remit funds overseas if the money is invested in cryptos or offshore funds and pooled vehicles that invest in cryptos and track the prices of bitcoin and other digital currencies. Key Points
Economic TimesWhen Ankur Warikoo made money in penny stocks and got addicted
Ankur Warikoo shares his investing journey, advice on house buying, asset allocation strategy, views on gold vs crypto, past mistakes, and investment recommendations for youngsters in a jargon-free book 'Make Epic Money'. Warikoo also says: Index mutual funds are an incredible way of slow money making, benefiting from compounding. Key Points
Economic TimesWhy should you invest ₹1.5 lakh in PPF before April 5? Know the reasons here
Investment in PPF instruments earns 7.1 per cent interest per annum and the maximum investment is ₹1.5 lakh. Interest on PPF investment is calculated on a monthly basis and is based on the minimum balance between the 5th and last date of the month. Key Points
mintAMC, Regal and other US chains plan $2.2 billion in theater upgrades
LOS ANGELES (Reuters) - The largest theater chains including AMC Entertainment, Regal Cinemas and Cinemark will invest more than $2.2 billion over the next three years to upgrade theaters in the U.S. Key Points
ThePrint
Man duped of ₹5.6L on IPO investment pretext
A man from Dehradun has been defrauded of ₹5.6 lakh by individuals pretending to represent a US-based capital management firm. The victim, Pramod Sing Key Points
Times Of IndiaIndia's Adani Green to raise $1.12 billion to expand renewable capacity
BENGALURU (Reuters) - India's Adani Green Energy on Tuesday said its key shareholders will invest 93.50 billion rupees ($1.12 billion) in the company to expand its renewable power capacity. The Key Points
ThePrintSiltronic sees drop in sales this year of up to 19%, raises investment
German silicon wafer group Siltronic (WAFGn.DE) expects sales to fall up to 19% this year due to weak demand from the semiconductor industry but plans to invest in expansion to prepare for a recovery. Key Points
ReutersBest Time to Start Sip: When to invest in Mutual Funds
SIPs are an effective tool for systematic and disciplined wealth building. SIPs allow you to build up a sizable corpus with only sporadic little investments. Key Points
Times of IndiaGlobal trade fairs on cards; sectoral targets for $1 trillion exports by ’30
Officials said investment promotion arm invest India, which is also drawing up the countrys trade strategy, has identified 100-odd companies across 30 sectors and 30 countries, and around a 100 more being shortlisted as part of the Strategic Investment Targets Initiative. Besides, sectoral targets have been set for $1 trillion goods exports by 2030. Key Points
Economic Times
TCS investing significantly in building AI capabilities: Chairman
Advancements in Artificial Intelligence (AI) have made AI transition a central focus and impact of AI and Machine learning was going to be profound, said Tata Consultancy Services Ltd. (TCS) Chairman N. Chandrasekaran. Key Points
The HinduHow to Choose the Right Commodity to invest In
Raw materials like grain, bread, oil, and metals are considered commodity products. The purchasing and selling of these basic resources is known as commodities trading. It occasionally involves the exchange of actual things. Key Points
Times of IndiaEdelweiss Multi Asset Allocation Fund: smart way to enjoy LTCG tax?
The portfolio construction strategy of the scheme will be 45-55% in fixed income, 35-40% in equity arbitrage, and 10-15% in gold and silver arbitrage. The portfolio helps the scheme to qualify for long-term capital gains tax. Key Points
Economic TimesHow is NPS different for government and private sector employees? Abhishek Mehrotra explains
HDFC Securities' Abhishek Mehrotra highlights that anyone between the ages of 18 and 60 can invest in the National Pension System (NPS) and take up to 60% of withdrawals upfront, with the remaining amounting to an annuity. Government employees are eligible to contribute up to 14% of their basic salary, while those in the private sector can invest up to 10%. Mehrotra notes that a tier-2 NPS account is not compulsory, but those using the tier-1 account are required to invest for the duration of the scheme. Key Points
Economic TimesAdani to invest 70% of total investments in green energy: Sources
India Business News: AdGroup focuses on green energy investments, including renewables and hydrogen. Major projects in Gujarat. Plans substantial investment in infrastruct Key Points
Times Of India
ETMarkets Smart Talk- Plan to invest Rs 10 lakh? Here are 7 stocks for long term wealth creation: Vikram K
1Q24 was the first normal quarter after 1Q20, devoid of any covid wave during the quarter or base quarter. The demand scenario is mixed, with some green shoots in 2-wheelers and FMCG in rural India. Key Points
Economic TimesKarnataka to set up exclusive platform for US investments
Karnataka will create a platform to attract US investors, according to the state government, which added that firms were already showing an interest in investing in the region. US Consul General in Chennai Christopher W Hodges was told by the state's chief minister, Siddaramaiah, there were plenty of chances to invest in Tumakuru and Davanagere and and other tier II cities. Key Points
Economic TimesAmazon's cloud unit to invest $13 billion in India by 2030
Amazon Web Services (AWS), the cloud computing division of Amazon.com Inc, said on May 18 it plans to invest ₹1.06 trillion ($13 billion) in India by 2030, doubling down on its past investments to cater to an ever-growing demand. Key Points
The HinduIndia on path to become third largest economy, says MSME minister; urges industry to keep on investing
Union MSME Minister Narayan Rane has encouraged both international and domestic industries to continue investing in India and identified varied opportunities available in the country. He believes that India, which is presently the fifth largest economy, will become the third largest economy by 2030, only behind Germany and Japan. Rane pledged full support to investors seeking to invest in the country and requested industries to identify areas where imports are happening and move towards producing such products to control inbound shipments. The GIC 23 Intergovernmental Connect was organised by the ICCI in partnership with India's MSME Ministry. Key Points
Economic TimesWhy should you invest in REITs and InvITs? Feroze Azeez explains
Real Estate Investment Trusts (REITs) are pooled vehicles that invest in real estate; they offer retail investors the opportunity to invest in commercial property, which is generally beyond their reach. As such, it offers a degree of regular income and tax efficiency as it operates in the lowest tax bracket. However, investors should note that a recent tax change may impact returns, resulting in a higher tax liability. Infrastructure Investment Trusts (InvITS) are more complicated than REITs. Key Points
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Foxconn unit in talks for $200 mln components plant in India's Tamil Nadu -sources
A Foxconn (2317.TW) subsidiary is in talks with India's Tamil Nadu state to invest up to $200 million to build a new plant for electronic components in the southern region, two sources with direct knowledge told Reuters on Wednesday. Key Points
Reuters10 Best Warren Buffett Interviews and What We Can Learn From Them
Like any 11-year-old, Warren Buffett had an interest in collecting things like stamps and bottle caps. But Warren Buffett also bought stocks of three companies when he was 11. No wonder he became so successful at investing. Key Points
Times of IndiaHow much of the 2023 frenzy is likely to extend to 2024? S Naren answers
S Naren says: “Old investors can stay invested but new money coming in should be spread across asset class. We are much more focussed on the fact that new money should be invested more carefully than taking out old money. Old money can just stay invested. I do not think we are going to see 2020 markets or 2021 market levels easily.” Key Points
Economic TimesIncome Tax exemption: Financial instruments you can still invest into before Mar 31 deadline
There are only a few investment instruments wherein you can invest this weekend i.e., before March 31 deadline. These include PPF, tax-saving fixed deposit schemes, among others Key Points
mintTamil Nadu in $4.4 billion deals with investors such as Tata, Pegatron
Tata Electronics, a part of the Indian conglomerate, committed to invest 120.8 billion rupees for mobile phone assembly operations. Key Points
Hindustan Times
Singapore’s Temasek to invest $30 Billion in US Over Five Years
Singapore’s state-owned Temasek Holdings Pte Ltd. plans to invest $30 billion in the US market over the next five years as the firm remains cautious on putting money into China. Key Points
mintElon Musk invites billionaire Warren Buffett to invest in Tesla
Buffett’s Berkshire Hathaway has a stake in Chinese EV maker BYD. Elon Musk, on Monday, invited billionaire investor Warren Buffett to come and invest in... Key Points
The Tribune IndiaElon Musk invites billionaire Warren Buffett to invest in Tesla
Buffett’s Berkshire Hathaway has a stake in Chinese EV maker BYD. Elon Musk, on Monday, invited billionaire investor Warren Buffett to come and invest in... Key Points
The Tribune IndiaMutual Funds or stocks: Where should you invest for better returns?
Investing in equities through mutual funds offers a straightforward solution to many challenges, bringing several benefits. One advantage is disciplined diversification. Fund managers adhere to rules that enforce diversification across the portfolio. Most individual investors lack the expertise or discipline to achieve this level of diversification. Key Points
Economic TimesLooking to invest in PSUs ? Have the right mix of expectations as the risk rewards equation is very differ
If one looks at the last three months of the stock market moves, a new industrial house appears to be born and has caught the fancy of the street. Yes, we are talking about PSU as a set of companies. It is not owned by one individual but by the government of India so there is an element of the largest shareholder being one entity and that is why it may be called a new industrial house. Stocks which have been listed for years and till a year back were available at dividend yield of 6 % and no one was ready to look at them. They have suddenly caught the fancy. Key Points
Economic Times