Author: TheSpuzz Desk

Fund pick: DSP Flexi Cap FundFund pick: Aditya Birla Sun Life Short Term Fund Regular Plan GrowthFund pick: HDFC TaxSaver FundFund pick: Aditya BSL Dynamic Bond FundFund pick: Mirae Asset Tax Saver FundCEA V Ananatha Nageswaran sees RBI holding fire if US Fed hikes rate againUnsecured retail loans burgeoned on banks’ books in Covid-19’s aftermathMore than 97% of Rs 2,000 note returned till October 31, says RBIIndia’s UPI transactions scale new high in Oct; clock Rs 17.2 trn in valueTVS Credit Services posts 14% rise in AUM at Rs 23,516 cr as of Sep Read Full Article

During today’s presentation about HBO’s slate of upcoming projects, CEO / chair Casey Bloys could have tried denying recent reports that he and fellow executive Kathleen McCaffrey concocted a scheme to target and harass critics who wrote negative things about some of the network’s recently released series in the early days of the pandemic. Instead, though, Bloys owned up to the allegations of his trying to build a “secret army” of Twitter trolls, apologized, and insisted that he isn’t the kind of person who would do that sort of thing now.On Wednesday, Rolling Stone published a rather wild report detailing…

The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP (XRP) and Toncoin (TON) to its list of recognized tokens. They join Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) as coins recognized in the Dubai International Financial Centre (DIFC).  The tokens’ new status will allow financial institutions in the DIFC to carry out transactions with them. There are over 4,000 companies located in the special economic zone. Ripple opened its MENA headquarters in the DIFC in 2020. About 20% of Ripple customers are in that region, the company said in a statement. Ripple CEO Brad…

Unpredictable nature of stock market: Even the most skilled experts struggle to reliably forecast market fluctuations. Short-term underperformance: Even proficiently managed funds may experience periods of subpar performance over the short term. Effect of transaction costs: Expenses associated with buying and selling funds can erode your overall returns. What really matters is “time in the market” rather than “timing the market”. Rather than attempting to predict market timing, it’s wiser to concentrate on long-term investment strategies. This entails investing in a diversified portfolio of funds and retaining them for the long haul, regardless of short-term market fluctuations. The authors of…

Minister of State for Electronics and IT Rajeev Chandrasekhar has said Artificial Intelligence should be guided by principles of safety and trust for users, and accountability for platforms, an official statement said on Thursday. The minister, who is representing India at AI Safety Summit 2023 in the UK, has extended invitations to all nations for the upcoming GPAI and India AI summits scheduled for December 2023. The minister said India, in its capacity as the chair of the Global Partnership on Artificial Intelligence (GPAI), has taken a leadership stand on AI. “We have maintained that AI…

HDFC Bank disburses Rs 48k crore home loans in Q2, Casa ratio fallsComfort and security: what does it take to set up a smart homeRBI policy: How a repo rate hike/cut impacts your home loans and EMIsSBI, BoB offering home loans at 8.4%: Full list of existing loan ratesByju’s reaches agreement to rework terms of $1.2 billion loan: Report$8.9 bn in notices! Why India’s gaming revenue forecast has been slashed53% opt for personal loan even before 30, Bengaluru most credit healthy cityM&A activity dips amid geopolitical concerns, only 5 mega deals this yearMF strategy: Is there a good time to…

When HBO Max transformed into Max back in May, Warner Bros. Discovery said that existing subscribers on the ad-free plan would be able to hang onto certain perks (like 4K streaming) for at least the next six months without needing to spend more money. Well, we’re about to hit that six-month mark, and right on cue, the party’s over. That’s all, folks. Max is emailing affected customers, letting them know that while their monthly price of $15.99 will remain the same moving forward, they’ll be losing a couple of perks on or after December 5th. Specifically, 4K (and HDR) streaming…

In a recent report by Reuters, online payment system company PayPal announced plans to bolster its market value by $4 billion, seeking to streamline operations to appease investors. However, investor optimism was tempered by disclosing a subpoena from the US Securities and Exchange Commission (SEC) related to PayPal’s stablecoin PYUSD. PayPal’s $4 Billion Value Boost Amidst SEC Subpoena Before market opening on Thursday, PayPal’s shares surged by 7% to reach $55.16, fueled by a full-year profit forecast that assuaged concerns of a spending slowdown.  The company’s new CEO, Alex Chriss, acknowledged the need for cost reduction, stating, “Simply put, our…

The government presented its rebuttal against Sam Bankman-Fried on Nov. 2 in response to statements made by his defense during the closing arguments a day earlier. A jury of 12 will receive final instructions in the Southern District Court of Manhattan on Nov. 2. The jury will receive pizza and transportation if their verdict comes after court hours, according to District Court Lewis Kaplan. As the trial of @SBF_FTX draws near its conclusion, the prosecution and defense lay down their final arguments. https://t.co/csFJ5AAZxm— Cointelegraph (@Cointelegraph) November 1, 2023 Speaking on the court, ​​U.S. Assistant Attorney Danielle Sassoon claimed prosecutors “met…

To be sure, tax authorities treat earnings from F&O as business income, be it gains or losses. So, under which section of the Income-Tax Act should traders file this income? A lot of F&O traders declare F&O income under section 44AD of presumptive taxation scheme. Income tax return (ITR) form 4, or ITR-4, is applicable in this case. However, some chartered accountants are of the view that F&O income does not fall under presumptive taxation scheme. Traders should rather file ITR-3 and pay taxes on the same as per their slab rates. ITR-3 also allows you to declare short-term and…