Portfolio service users get a tax breather

An income tax tribunal has ruled that the fee paid for portfolio management services is deductible while computing capital gains.This may benefit high net-worth individuals who use the services of......

How Piramal managed to outbid Oaktree, Adani for DHFL

When the third round of bids was opened, Oaktree’s offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with......

Are PSBs mispriced stocks or value trap?

Reports suggest state-owned banks have lapped up Rs 40,000 crore, so far, using both bonds and equity instruments. The question, though, is whether there will be a perceptional change for PSB......

The rich are flocking to PMS

Cash-rich individuals and companies seeking high returns are flocking to what has become the hottest business in town: portfolio management services.Promoted by home-grown hedge funds, the assets......