Author: Suril Shah

On the back of progress in Russia-Ukraine peace negotiations, Indian shares surged on Thursday. The US Fed raised interest rates by 25 basis points in one day, which economists said the market had already priced in. But, according to Fed Chair Jerome Powell, the ‘financial system may be extremely strong’ to cope with narrower coverage and the chance of a recession is “not very elevated.”   The positive outlook for the US banking sector spurred a one-day rise in US stocks, with Asian markets catching up. The BSE Sensex rose over 1,000 points to 57,819 this morning. This was up 284…

MUMBAI: Bank debit bounce rates reduced to their lowest level since May 2019, suggesting improved bank asset quality. The National Payments Corporation of India publishes debit bounce rates for payments that have failed due to insufficient funds.  Bounce rates were 22.4 percent by value and 29.2 percent by volume in February 2022. Bounce rates for February 2022 are roughly 100bps higher than the average of around 21.5 percent for February 2018-February 2020. Pre-Covid bounce rates during February were about 25.8%. (June 2019 to February 2020).   “This suggests that asset quality is improving, and retail NPLs may fall further in 4QFY22.…

The tax-saving exercise must be completed before March 31, 2022, to avoid penalties. Section 80C of the Income-tax Act, 1961 provides a deduction for new investments made in selected products during the current fiscal year. This date is critical for taxpayers who have chosen to remain in the old/existing tax system for tax-saving. There is, however, a way to tax-saving if you have invested in equities mutual funds/equity shares in the past and are short on funds this year. LONG TERM CAPITAL GAINS Long-term capital gains (LTCG) on equities mutual funds and equity shares are now exempt up to Rs…

According to a review of their earnings calls following their third quarter results, top developers such as Godrej, DLF, Sobha, Oberoi, Lodha, and Mahindra have boosted prices quarter after quarter. They stated that the price increase had had no effect on sales. Due to strong demand and a significant increase in raw material prices, listed real estate developers have hiked residential unit prices by up to 10%. According to a review of their earnings calls following their third quarter results, top developers such as Godrej, DLF, Sobha, Oberoi, Lodha, and Mahindra have boosted prices quarter after quarter. They stated that…

According to research, UV(utility vehicles), which are commonly referred to as “little cars,” are becoming more popular in the Indian market, and their market share is expected to continue to rise in the years to come, according to research. Using data from CRISIL, it can be deduced that UVs accounted for 48 percent of the total PV market in 9MFY22, up from 15 percent in FY02 (nearly two decades earlier). This is a 3,300-basis-point gain. Even while compact vehicles are expected to expand between FY21 and FY26 at a rate of 4–6 percent, UVs are expected to grow at a…

A Reuters report said on Thursday that Some of the hundreds of foreigners who have volunteered to fight for Ukraine in the face of Russia’s invasion may suffer legal ramifications back home. According to Reuters and other media outlets reporting, volunteers from countries like Canada, Georgia, India, Japan, the United Kingdom, and the United States are taking part.  CAN AMERICANS ACT AS VOLUNTEERS IN THEIR COUNTRIES? The State Department’s website states that US citizens are not prohibited from serving in the military of another nation. It’s possible to voluntarily give up citizenship if you serve in the military or fight…

NEW YORK, March 15 (Reuters) – The U.S. Following Russia’s invasion of Ukraine, wild fluctuations in asset prices have prompted some investors to reduce risk in their portfolios, fearful that the sort of volatility witnessed in commodities in recent weeks may spread to other markets. Liquidity — or the ease with which investors may purchase or sell an asset without impacting its price – is at stake. While periods of limited liquidity have led to severe gyrations in markets over the previous decade, indicators of stress have been more prevalent in recent weeks, worsened by everything from sanctions against Russia…

An assistant to Ukrainian President Volodymyr Zelensky, Alexey Arestovich, claims a peace agreement between Moscow and Kiev is possible within the next few weeks. On February 24, Russia launched an assault on a neighbouring country. The most probable scenario is that we’ll get a peace accord by May, maybe even sooner. On Monday, Arestovich appeared on Mark Feygin’s YouTube channel and remarked, “We’ll see what happens.” In the best-case scenario, an agreement on the departure of Russian soldiers might be concluded within “one to two weeks.” According to a daily video speech by President Zelensky, Russia has lost 80 aeroplanes…

In a guest post for the Daily Telegraph published on Monday, Prime Minister David Cameron called for a swift end to Britain’s “dependency” on Russian oil and gas, comparing it to “addiction,” while warning that the process will be “difficult” and “traumatic” for British households. In his lengthy guest essay, Johnson claimed that abandoning Russia’s oil and gas supplies had become a necessity, calling it a “grave error” that the UK and other Western nations had not faced up to Moscow’s “bullying” sooner. Tough Times Ahead Of Cutting Ties With Russia? “I don’t doubt that there will be difficult days…

It was announced on Friday by the Japanese Ministry of Finance that it will impose sanctions on and freeze the assets of 17 additional Russian persons, including billionaire Viktor Vekselberg, and that the assets would be frozen immediately. 61 Russians have now been sanctioned by the government because of the crisis in Ukraine, bringing the total number of sanctioned individuals to 61.    In addition to the billionaire, Japan sanctioned 11 members of the Duma, the lower house of the Russian parliament, and five members of the family of banker Yury Kovalchuk, in accordance with the actions of other members…