Budget 2020

Automatics find more buyers in used car market

(This story originally appeared in on Mar 01, 2021) CHENNAI: More than a third of all used cars sold were those with automatic transmission, according to a report by online car marketplace Droom. It said the adoption of automatic transmission has more than doubled from 17% in 2016 to 37% in 2020, higher than the […]

Budget 2020

BPSL lenders approve JSW Steel’s proposal, Rs 19,350 crore to be transferred by March end

The majority of the lenders to the debt-ridden Bhushan Power and Steel (BPSL) has voted in favour of ‘s offer to complete the transaction by transferring Rs 19,350 crore to an escrow account thus bringing a three and a half year old resolution process to an end. Over 95% of the creditors voted for the […]

Budget 2020

U.S. trade report flags challenges from ‘Make in India’ policy

The campaign epitomises the challenges facing bilateral trade ties, U.S. Congress told The U.S. tried to resolve “long-standing market access impediments affecting U.S. exporters” with India during 2020, says the 2021 President’s Trade Agenda and 2020 Annual Report — an annual report submitted by the U.S. Trade Representative (USTR) to Congress. The report terms India’s […]

Budget 2020

Invesco Mutual Fund launches Invesco India ESG Equity Fund

Invesco Mutual Fund has announced the launch of a new fund- Invesco India ESG Equity Fund, an open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme. The NFO closes for subscription on March 12. According to a press release, the fund will adopt a bottom-up approach to select stocks. While […]

Budget 2020

Investors lose Rs 2.3 lakh crore as bears rule D-St for second day

NEW DELHI: Dancing to the global tune and dragged by selling in banking and financial stocks, benchmark indices fell for a second consecutive day on Friday. The rise in bond yields is becoming a concern for investors as they see foreign investors pulling funds out of India. However, most analysts are still bullish on domestic […]

Budget 2020

‘Factory activity extends growth, input costs soar’

India’s factory activity expanded for the seventh straight month in February, driven by strong demand and increased output, according to a private sector survey that also showed input-cost inflation hitting a 32-month high. Although the Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, eased slightly to 57.5 in February from 57.7 in January, it […]

Budget 2020

Can my son stake a claim in my self-acquired property that I have willed to my daughter?

Financial expert answers queries on estate planning in each edition as asked by our readers. Here are this week’s queries. I have willed my self-acquired property to my daughter. Can my son stake a claim to it while I am alive or after my death? — Sanjeev Sahay If the property is self-acquired, you can […]