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OLA Electric’s dominance in 2W electric segment faces stiff competition as major players enter EV fray | Stock Market News

TheSpuzz Desk2 months ago08 mins

Source: Live Mint The push for electric two-wheelers (2W) in India has been accelerating at an impressive rate, driven by a growing shift in consumer preferences from traditional internal combustion engine (ICE) vehicles to greener, more sustainable mobility options. This transition is driven by increasing environmental awareness, discounts on popular models, government incentives, and lower…

Mutual Funds: Inflows into equity schemes rose 3%, debt schemes saw 62% dip in August, reveals AMFI data | Mint

TheSpuzz Desk2 months ago03 mins

Source: Live Mint The mutual fund industry saw a notable decrease (43 per cent) in net inflows for the month of August, to ₹1.08 lakh crore against ₹1.89 lakh crore in July. This decline was driven primarily by a significant drop in inflows to the tune of 62 per cebt into debt mutual funds. Despite…

SBI Card: Competition from personal loans a drag on interest spreads

TheSpuzz Desk2 months ago07 mins

Source: Live Mint SBI Cards and Payment Services Ltd’s shares are up about 10% so far in September. While there is general optimism about wholesale funding costs peaking for non-banking financial companies (NBFCs), SBI Card got an additional boost from a rating upgrade from ‘sell’ to ‘buy’ by Goldman Sachs. The brokerage firm raised the…

How to take a loan against MFs instead of breaking it when you need cash

TheSpuzz Desk2 months ago06 mins

Source: Live Mint If you run short of cash and plan to withdraw your mutual fund investments, take a pause. There is another option: You can take a loan against mutual funds and not disrupt the long-term potential compounding of your investment. Several banks offer loans against mutual fund units at interest rates ranging from…

Stock market today: Nifty 50 ends above 25,000, Sensex nears 82,000; IT stocks lead gains | Stock Market News

TheSpuzz Desk2 months ago02 mins

Source: Live Mint The Indian stock market extended its upward trend for the second consecutive trading session on Tuesday, tracking a rally on Wall Street overnight amid hopes of potential Fed rate cuts next week. The surge was led by gains in IT and pharma stocks, with a 5% increase in Nifty IT stocks, fueled…

Axis Mutual Fund launches Nifty 500 Value 50 ETF for long-term wealth creation | Stock Market News

TheSpuzz Desk2 months ago04 mins

Source: Live Mint Axis Mutual Fund has announced the launch of its latest investment product, the Axis Nifty500 Value 50 ETF, on September 9. This open-ended exchange-traded fund (ETF) aims to replicate or track the performance of the Nifty500 Value 50 TRI, providing investors with a value-based investment strategy in a basket of 50 companies…

How a divorce led this influencer to go all in on mutual funds

TheSpuzz Desk2 months ago010 mins

Source: Live Mint Wadhwa started her journey when Facebook was thriving and Instagram was a photo-sharing platform. During this time, she created her online persona, Miss Coco Queen, a name that reflects her love for Coco Chanel and Alexander McQueen. “Back then I used to operate through blogs and Facebook posts, there was no video,”…

PN Gadgil Jewellers IPO gets fully subscribed within few hours of subscription opening | Stock Market News

TheSpuzz Desk2 months ago02 mins

Source: Live Mint PN Gadgil Jewellers IPO: On day one of bidding, the initial public offering (IPO) of PN Gadgil Jewellers Limited received a strong response from Indian primary market investors. According to the PN Gadgil Jewellers IPO subscription status, the public issue has been booked more than the shares the jewellery brand offers. PN…

There’s been a surge in income tax notices. Here’s why, and how to respond.

TheSpuzz Desk2 months ago07 mins

Source: Live Mint There has been a marked increase in the number of income tax notices issued to taxpayers across India in recent months. These communications – on everything from defective returns to demands for additional taxes – have caused anxiety and confusion, especially among individual taxpayers. This article delves deeper into the reasons behind…

Penny stock under ₹10: Small-cap East West Freight Carriers jumps 4% following strong FY24 report | Stock Market News

TheSpuzz Desk2 months ago03 mins

Source: Live Mint Shares of East West Freight Carriers were on focus on Tuesday, September 10, following the release of its FY24 annual report. The stock rose by 4.1 percent, reaching an intra-day high of ₹7.08. Despite today’s rally, the smallcap stock remains 38.3 percent below its 52-week high of ₹11.47, hit in December last…

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How to take a loan against MFs instead of breaking it when you need cash

Stock market today: Nifty 50 ends above 25,000, Sensex nears 82,000; IT stocks lead gains | Stock Market News

Axis Mutual Fund launches Nifty 500 Value 50 ETF for long-term wealth creation | Stock Market News

How a divorce led this influencer to go all in on mutual funds

PN Gadgil Jewellers IPO gets fully subscribed within few hours of subscription opening | Stock Market News

There’s been a surge in income tax notices. Here’s why, and how to respond.