Bulls & Bear Hfund of India

There is a new twist in the love-hate story of India's most famous brothers — Mukesh and Anil Ambani. Even though the brothers aren't bitter rivals anymore, they are again locked in an indirect fight tilted heavily against the younger brother, Anil.  Elder brother Mukesh's company Reliance Jio, which has shaken the telecom market with its aggressive entry last year, has ended up giving a big blow to Anil's company, Reliance Communications.  Hit by Reliance Jio’s free offers and disruptive pricing in the telecom industry, Reliance Communications posted a few days ago its first year loss since its inception of Rs 1,285 crore for fiscal gone by, compared to a net profit of Rs 660 crore when compared on a like-to-like basis. It posted a consolidated net loss of Rs 966 crore for the fiscal ended fourth quarter compared to a net profit of Rs 90 crore in the same period last year.  The company blamed the crisis in the industry, hyper competition, free offers and disruptive p...

The domestic stock market, once again, went berserk over the week gone by, hitting yet another milestone on Friday.  Giving thumbs up to the Modi government’s three years in office, the domestic equity benchmarks scaled fresh lifetime highs on Friday.  The S&P BSE Sensex scripted history as it breached the 31,000 mark for the first time ever! The 30-share index rallied 278 points to settle at 31,028, with Tata Steel being the top gainer.  The broader Nifty50 of the National Stock Exchange followed the suit and hit the milestone of 9,600 in intraday trade.  On a weekly basis (May 22-26), the BSE Sensex gained 1.4 per cent while the NSE’s Nifty added 1.63 per cent.  Sans any major positive trigger, the market was on a high solely on sustained optimism among investors.  Among key events, Anil Ambani-owned Reliance CommunicationsBSE -0.58 % posted its second straight quarterly loss on Saturday, hit by a price war that has broken out with the arrival of...

Bitcoin  is a  cryptocurrency  and a digital  payment system  invented by an unknown programmer, or a group of programmers, under the name  Satoshi Nakamoto . It was released as  open-source software  in 2009. The system is  peer-to-peer , and transactions take place between users directly, without an intermediary. [13] :4  These transactions are verified by network  nodes  and recorded in a public  distributed ledger  called the  blockchain . Since the system works without a central repository or single administrator, bitcoin is called the first decentralized  digital currency . Besides being created as a reward for  mining , bitcoin can be exchanged for other currencies, [ products, and services in legal or  black markets . As of February 2015, over 100,000 merchants and vendors accept bitcoin as payment. Blockchain Number of unspent transaction outputs ...

While the contours of this landmark tax reform are still being analysed, what does this mean for you and your family. For an average, middle-class household, how does this tax change its budget. We break it up for you

In 2006 when I started my first job, one of the first advice I got from my father was to immediately open a PPF account and start contributing a part of my annual savings. Since its launch in 1968, PPF (Public Provident Fund) accounts have become a tradition, which gets passed from one generation to another. Our parents managed their savings in PPF and asked us to do the same. In most cases, when a child is born, a PPF account is opened in her name, and every year, Rs 1.5 lakh is duly deposited in the account. PPF accounts are a favoured instrument to invest for the long term, as well as save taxes. It is the money you can stash away and forget about. A disciplined way to save for the long term. Back in the '80s and '90s, PPF, with its superior returns and the fact that it allowed you tax savings, was probably the best saving instrument in the Indian market. But looking at current returns and availability of alternate instruments, it is definitely not the best investm...

The Goods and Services Tax Council broadly agreed on 4 tax brackets for services (5%, 12%, 18% and 28%), though they are yet to decide on a tax bracket for gold.  Finance minister Arun Jaitley, at a presser in Srinagar, listed out the details, which were:  1) All services have been fitted into four different rates, which are 5%, 12%, the standard 18% and the luxury rate of 28%  2) Transport services (Railways, air transport) will be under the 5% category  their main input is petroleum, which is outside GST ambit.  3) Service tax on non-AC hotels will 12%, on AC hotels that serve liquor will be 18%. Higher tax rate for luxury hotels.  4) Hotels and lodges with tariff below Rs 1,000 will be exempt. Those with Rs 2,500-5,000 will be 18%. Luxury hotels will face tax of 28%.  5) 28% tax slab on 5-star hotels, race club betting, cinema.  6) 18% tax slab for telecom, financial services  7) E-commerce players to deduct 1% tax at source before payi...

Three years of Modi Govt: Sensex, Nifty hit record highs;  The S&P BSE Sensex rallied nearly 200 points in morning trade on Tuesday to hit its fresh record high of 30,518.78 and as much as 104 stocks hit fresh 52-week high on the BSE on a day which marks the third anniversary of the announcement of BJP’s historic election victory. The expectation of rebound in earnings growth, hopes of an above average monsoon, hopes of a continuation of reforms, as well as strong and global liquidity are some factors which are propelling a rally in Indian markets. Stocks which surged fresh 52-week high include names like  JK Lakshmi ,  Atul ,  Bajaj Holdings ,  Hitachi Home ,  Yuken India ,  Manpasand Beverages ,  Max India ,  Godrej Industries ,  Vaibhav Global ,  Muthoot Capital ,  Kansai Nerolac ,  Motherson Sumi  etc. among others. As much as 34 stocks on the BSE hit a fresh record high which includes names like...

The S&P BSE Sensex reclaimed mount 30K earlier this week to hit a fresh record high and if earnings recovery happens better than estimates, then Sensex could well hit mount 39K by December 2017, Morgan Stanley said in a report. Earnings revisions will likely turn positive in the coming six months after six years in negative territory. Valuations are not yet stretched against history, other markets and bonds. Rising demand for equities from domestic households and potential M&A activity could take multiples higher in coming months, said the report authored by Ridham Desai and Sheela Rathi. Morgan Stanley’s December 2017 target, the BSE Sensex would trade at 16x one-year forward earnings, similar to its historical average. The bull-case multiple would be 17x our bull-case earnings and about 19x our base-case earnings. There is a 30 percent probability that Sensex could trade at 39K on policy reforms as well as global factors. The much talked about earnings growth accele...

Valuations look stretched in banking space; 5 stocks which could give up to 30% return The Bank Nifty has given a 24 percent return on a year-to-date (YTD) from January 2017 onwards, significantly outperforming benchmark Nifty’s 14 percent return in the same period. This has been largely led by expectations of 1) improved asset quality and anticipation of systemic resolution on large and lumpy NPAs, 2) developments on the macroeconomic front, e.g. passing of GST; and 3) revival in loan growth. Bank Nifty’s outperformance has led to both PSU and private sector banks being priced higher than the past 7-year mean valuation, ICICI Securities said in a report. Now, with asset quality woes taking a back seat as incremental loan delinquencies continue to trend lower in Q4FY17, there has been a positive surprise on loan growth in both retail and non-retail segments, said the note. Loan growth had remained muted at 12 percent CAGR for FY13-FY17, with the lowest (5.1% YoY) being in F...