PhonePe, a digital payments network based in Bengaluru and supported by General Atlantic and Walmart, has submitted an updated Draft Red Herring Prospectus (UDRHP) to the Securities and Exchange Board of India (SEBI), a capital markets regulator, in order to acquire money through an initial public offering (IPO). PhonePe IPO Details and Offer-for-Sale đź’° PhonePe … Read more
Today’s Ask Wallet-Wise describes how Section 24(b) applied to a home purchase under the previous tax system when your father provided the financing. Ask Wallet-Wise: Section 24(b) Explained The Ask Wallet-Wise program provides professional guidance on issues pertaining to personal finance and questions about money. You can send your questions to askwalletwise@nw18.com, and we will … Read more
Escape Plan, a travel gear firm, has received $25 million in a Series a funding round headed by current investor Jungle Ventures, in which Fireside Ventures and IndiGo Ventures—the corporate venture capital division of IndiGo Airlines—participate as strategic investors. Series A Funding and Expansion Strategy According to founder and CEO Abhinav Pathak, the new funding … Read more
Experts predict that Indian equity markets will see the highly anticipated free trade agreement (FTA) between India and the European Union as a positive sentiment trigger rather than a structural game-changer, with specific sectoral opportunities across textiles, services, manufacturing, aviation, and pharmaceuticals. India-EU Trade Agreement Momentum Builds Speaking at the World Economic Forum in Davos … Read more
India’s widely circulated assertion that there will be “no tax up to Rs 12 lakh” under the new tax regime has been the subject of a social media post by a chartered accountant. Understanding the Rs 12 Lakh Tax-Free Claim The post highlights the fact that many individuals are unaware that capital gains are not … Read more