Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
ByteDance founder Zhang Yiming has officially topped China’s annual rich list, boasting a net worth of $49.3 billion. This significant milestone not only puts him at the top of China’s wealth rankings but also places him ahead of several global billionaires, including India’s Mukesh Ambani. The recently published list by Hurun Research Institute reveals a broader picture of China’s economy, showing both the growth of certain tech giants and the financial challenges faced by other industries, all of which have impacted the wealth of China’s elite. Zhang Yiming’s Rise and ByteDance’s Power in the Global Market ByteDance, the parent company…
This Diwali season, buying gold might be more than a traditional purchase — it could be a wise investment choice for the future. Gold prices are expected to rise due to several global and local economic factors, with experts predicting a potential increase to Rs 86,000 per 10 grams. Here’s why investing in gold this Diwali could be rewarding. 7 Key Reasons Behind Rising Gold Prices Gold has already seen a strong upward trend in 2024, with prices surging about 24% year-to-date. According to analysts at Religare Broking, several factors are contributing to this rally, making gold an attractive option…
Swiggy, one of India’s leading food delivery platforms, is set to launch its much-anticipated IPO on November 6, 2024. The offering, sized at Rs 11,700 crore, will be available to the public from November 6 to November 8, with anchor investors getting early access on November 5. This IPO marks one of India’s largest public offerings in 2024 and is expected to attract significant attention in the tech and food delivery sectors. Key Highlights of Swiggy’s IPO Swiggy’s Growth and Backing by Prominent Investors Founded in 2014, Swiggy has grown to become one of India’s most recognized brands in the…
Investing in the right fund is essential to maintain balanced returns, especially during fluctuating markets. Multi Asset Allocation Funds (MAAFs), which allow investors to spread investments across multiple asset types like equity, debt, and gold, have gained remarkable traction among Indian investors. The top 5 performing multi asset funds have showcased steady returns over 3, 5, and even 10 years, becoming a favored choice for those looking for stability alongside growth potential. Here’s a detailed look at what makes multi asset funds an appealing choice for many investors and how they have performed consistently across various timelines. Why Multi Asset…
Investing in mutual funds via a systematic investment plan (SIP) can be a smart way to build wealth gradually, especially when selecting funds with strong ratings and proven performance. These funds often show high returns, low risk, and competitive expense ratios, making them attractive options for long-term investors. Here, we look at five high-performing mutual funds that have delivered 4 to 6 times returns in the last five years, making them some of the best-rated choices in the market. 1. Quant Small Cap Fund With one of the highest returns in its category, the Quant Small Cap Fund has shown…
The latest financial performance of Indian companies reveals that rising expenses have become a major challenge, limiting profit growth despite stable sales figures. Experts attribute this slowdown in profits to higher raw material costs and increased operational expenses, dampening market sentiment. While the stock market has been under pressure from geopolitical tensions in West Asia and concerns around China’s economic steps, weak quarterly results have further weighed on investor confidence. Q2 FY25: Sales Growth Steady, But Expenses Surge According to Bank of Baroda Research, a sample of 502 leading listed companies showed that their sales grew by 7% in the…
Swiggy, one of India’s largest food delivery companies, is launching its Initial Public Offering (IPO) from November 6 to November 8. The Red Herring Prospectus (RHP) filed on October 28 shows that the IPO will offer new shares along with existing shareholders selling part of their stakes through an Offer for Sale (OFS). The subscription window for anchor investors will open a day early, on November 5. This IPO is expected to be the second-largest public offering in 2024, following Hyundai Motor India’s record IPO worth Rs.27,870 crore. Smaller Offer for Sale, Bigger New Share Issue Swiggy initially planned to…
In a major leadership shift, Bharti Airtel, one of India’s largest telecommunications providers, has announced that Shashwat Sharma will take on the role of Managing Director (MD) and Chief Executive Officer (CEO) from January 1, 2026. Current CEO Gopal Vittal will transition to the position of Executive Vice Chairman, taking on broader responsibilities across the Airtel group while continuing his influence over the India market. This planned succession, announced alongside Airtel’s latest quarterly results, reflects the company’s focus on sustainable leadership and strategic growth. “Gopal will continue to guide our India operations, while stepping into a larger role that aligns…
The festive season often brings a shower of gifts from friends, family, and colleagues. From cash to property and luxury items, gifts add joy to celebrations, but few realize that certain gifts may attract tax. In India, there are specific tax rules on gifts, and understanding these can help avoid tax issues later. Here’s a breakdown of the gift tax rules, explaining when a gift is tax-free and when it’s not. Tax on Gifts in India: The Basic Rule Under Section 56(2)(x) As per Section 56(2)(x) of the Indian Income Tax Act, receiving money, property, or other valuables as a…
In October 2024, two big names—Waaree Energies and Hyundai Motor—hit the Indian stock market with contrasting responses. Waaree Energies, a leading renewable energy firm, entered the market with a strong listing, while Hyundai Motor, well-known in the auto industry, faced a muted response. Here’s a closer look at each company’s market entry, performance, and outlook to help investors make informed decisions. Waaree Energies IPO: A Robust Entry Waaree Energies shares opened on October 28 at a significant premium, listed on the BSE at Rs.2,550, a sharp rise of 70% over its issue price of Rs.1,503. This promising listing reflects investor…