Warren Buffett’s mentor Benjamin Graham: Master of value investing; followers’ success stories
In the world of investing, few names command as much respect and admiration as Benjamin Graham – mentor to none other than Warren Buffett. Often referred to as the “father of value investing,” Ben Graham’s investment philosophy has stood the test of time and continues to influence generations of influential investors including Warren Buffett, Seth Klarman, Walter Schloss, Joel Greenblatt, and others. With a keen eye for undervalued securities and a focus on fundamental analysis, Ben Graham’s approach has yielded impressive results.
Gold support placed at Rs 59600, resistance at Rs 60500; All eyes on FOMC meeting amid debt crisis
Gold futures again have climbed above $1950 on optimism of a rate pause during the next upcoming FOMC meet. On Tuesday markets were pricing in a 60% chance of another 25-basis-point hike versus a 40% chance of a pause while on Thursday 70% chance of a pause against a 40% chance of a rate hike. The U-turn came on the back of some of the Fed member’s remarks stating Fed will look into the oncoming economic data before taking further decisions.?
Chris Wood adds AU Small Finance Bank to Jefferies’ India portfolio, removes CAMS
Renowned investment strategist Christopher Wood of Jefferies has initiated investment in AU Small Finance, assigning it a 3% weightage, and has removed CAMS (Computer Age Management Services) from his portfolio, revealed the latest GREED & Fear note. As a result, the lending sector’s weighting in the portfolio has jumped to 35%. Last month, Chris Wood added Zomato to his three long-only portfolios and SBI Life Insurance to one. Further, he removed HDFC Life and Standard Chartered, and reduced investments in JD.com and Alibaba.
When Home Loan interest over Rs 2 lakh can be claimed as Income Tax deduction
Home loan borrowers, who have let out their property, can claim any amount paid as interest as a deduction under Section 24(B) of the Income Tax Act 1961, according to a tax expert.
It is generally known that up to Rs 2 lakh paid as home loan interest can be claimed as a deduction. However, this limit applies only in the case of a self-occupied property and is subject to certain conditions. If the borrower has let out his/her property, the limit of Rs 2 lakh would not apply.
Retirement Planning: How much money does a family of four need for retirement?
The money needed for retirement may vary from person to person, depending on factors such as lifestyle expenses, the location where a person lives, the rate of inflation, remaining financial goals, and debt profile, among other factors. However, if you are a family of four members, you can estimate your retirement funds based on your current financial needs.
Let’s check out how much money a family of four members may need for retirement based on various aspects.
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Bullish on NBFCs, IT; FII inflows, domestic liquidity driving uptrend in markets: SAMCO MF
The momentum that is building up in the share markets will continue to strengthen, giving investors reason to have a bullish outlook on the domestic stock market, said Viraj Gandhi, CEO, SAMCO MF, in an interview with Zoya Springwala of FinancialExpress.com.?
IT services sector indicates robust deal wins in March quarter; revenue outlook cautious says BNP Paribas report
The IT services sector indicated a robust deal win in the March quarter and is showcasing accelerated bookings growth which is a positive sign for the demand environment, said BNP Paribas report. However, it said that the IT services companies have turned cautious in their near-term revenue growth outlook, “given fears of macro slowdown, with most companies expecting a recovery in H2FY24”.
May GST collection data strengthens belief in economic activity growth, macroeconomic stability, say experts
The 12 per cent rise on an annual basis in Goods & Services Tax (GST) revenue for the month of May indicates growth in economic activity and further strengthens the belief in India’s macroeconomic stability. Experts opined that the growth also shows increased compliance by the Industry.?
Ather Energy sells 15,256 e-scooters in May 2023: Highest-ever monthly sales
Ather Energy has revealed its sales figures for the month of May 2023. This Bengaluru-based electric two-wheeler start-up managed to sell 15,256 units in India last month, recording a massive 302.8 percent YoY growth, thanks to a low base. It’s worth mentioning that this is Ather’s highest monthly sales yet. The detailed report is mentioned in the table below.
Meet Akash Ambani, the eldest son of Mukesh Ambani & the man behind Reliance Jio: Know about his education, net worth & more
Akash Ambani is a dynamic business leader who is making his mark in the Indian corporate world. As the eldest son of Mukesh Ambani, the richest person in India, Akash has inherited a legacy of excellence and is living up to it in every way possible.?
His contributions to the growth and success of Reliance Industries, Jio Platforms, and other companies in the group are a testament to his leadership skills and strategic vision. Without further ado, let’s take a look at Akash Ambani’s education, business journey, position, net worth and more.