Author: findoc
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Tax Collected at Source (TCS): Meaning, Rates and Exemptions
TCS or Tax Collected at Source refers to the tax payable by the seller to the government, but is collected from the buyer. Transactions involving specific goods, including alcohol, timber, minerals, and motor vehicles are liable for TCS. Tax Collected at Source [TCS] TCS which stands for Tax Collected at Source refers to the tax…
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XIRR in Mutual Funds: Meaning, Uses, Calculation & Benefits
XIRR tells you the growth of your mutual fund investments and takes into account all the irregular inflows and outflows XIRR is a more realistic and accurate measure than absolute returns Let’s say you have started investing in mutual funds and want to compare the returns between two funds. If you only see the absolute…
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What is SIP – Systematic Investment Plan?
A Systematic Investment Plan (SIP) is a disciplined and convenient investment method offered by mutual funds, allowing individuals to invest a fixed sum of money at regular intervals—monthly or quarterly—instead of making a lump sum investment. It provides a structured way of investing, ensuring financial discipline while reducing the impact of market volatility. How Does…
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India Has Become the World’s 4th Largest Economy by Surpassing Japan
India has officially ascended to the position of the world’s fourth-largest economy in 2025, surpassing Japan, as reported by the International Monetary Fund (IMF) in its April 2025 World Economic Outlook. India’s nominal Gross Domestic Product (GDP) is projected at $4.187 trillion, slightly edging out Japan’s $4.186 trillion. Key Drivers of India’s Economic Ascent 1.…
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BSNL, MTNL Aim to Monetise ₹1,000 Crore in Land Assets to Reduce Debt Burden
In a renewed effort to improve their financial health, state-owned telecom companies Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) plan to monetise land assets worth ₹1,000 crore during FY26. This move is part of a broader revival strategy aimed at reducing debt and boosting liquidity. However, the timeline may face delays…
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Mahindra Lifespace Developers Announces ₹1,496 Crore Rights Issue – Record Date Set for May 23
Mahindra Lifespace Developers Ltd (MLDL), the real estate and infrastructure arm of the Mahindra Group, has announced a rights issue to raise up to ₹1,496.28 crore. The capital raised will support the company’s ongoing growth initiatives, including debt repayment and funding for future real estate acquisitions. The record date to determine shareholders eligible for the…
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Aditya Birla Fashion & Retail (ABFRL) Demerges Madura Unit to Unlock Shareholder Value
Aditya Birla Fashion and Retail Ltd (ABFRL) has formally demerged its Madura Fashion & Lifestyle (MFL) business, creating a standalone listed entity—Aditya Birla Lifestyle Brands Ltd (ABLBL). The record date for the demerger, May 22, 2025, marks a pivotal shift in the company’s structural and strategic framework. Strategic Rationale Behind the Demerger The vertical demerger…
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Vesuvius India Approves 10:1 Stock Split
Vesuvius India Ltd, a key player in the refractory products segment and a constituent of the BSE SmallCap index, has announced a 10:1 stock split to boost liquidity and make its shares more accessible to retail investors. This move is part of a broader shareholder-friendly initiative that also includes a 145% dividend payout. Following the…
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Colab Platforms Ltd Approves 1:2 Stock Split – What It Means for Investors
Colab Platforms Ltd, a rising player in India’s sports-technology sector, has announced a 1:2 stock split to enhance liquidity and broaden retail investor participation. This marks the company’s second stock split since its listing on the Bombay Stock Exchange (BSE: 542866). Following board approval, the company has fixed May 21, 2025, as the record date…
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Mahindra & Mahindra Financial Services Ltd Announces ₹2,996 Crore Rights Issue
Mumbai based Alan Scott Industries Ltd has announced a rights issue to raise approximately ₹7.26 crore by offering equity shares to its existing shareholders. The move comes as part of the company’s effort to bolster its capital base and support ongoing business initiatives. The record date for determining shareholder eligibility for the issue has been…