Swastik Associastes

S.O. 3719(E).—In exercise of the powers conferred by clause (v) of proviso to section 194N of the Income-tax Act, 1961 (43 of 1961), the Central Government, after consultation with the Reserve Bank of India (RBI), hereby specifies,-  (a) the authorised dealer andits franchise agent and sub-agent; and  (b) Full-Fledged Money Changer (FFMC) licensed by the Reserve Bank of Indiaand its franchise agent; maintaining a separate bank account from which withdrawal is made only for the purposes of,- (i) purchase of foreign currency from foreign tourists or non-residents visiting India or from resident Indians on their return to India, in cash as per the directions or guidelines issued by Reserve Bank of India; or  (ii) disbursement of inward remittances to the recipient beneficiaries in India in cash under Money Transfer Service Scheme (MTSS) of the Reserve Bank of India; and a certificate is furnished by the authorised dealers and their franchise agentand sub-agent, and t...

“Basic stock market knowledge” . This is a very spot on requirement. The investment market is a huge ocean of options that offers an incredibly rewarding prospect for investors to swiftly make mountains out of mole hills! There is by a hair's breadth any better way around to making a quick buck! Yet the simple fact still remains that at the same time, the investment bazaar is also very unpredictable and, in certain instances, it is a high-risk scheme. The subsequent tips will provide evidence to be helpful given the simple condition that you aspire to make the  investment  market your source of income. How to attain the knowledge This is the sole and principal precondition. The stock market is a key starting place of revenue for both companies and  share holders . The stock market makes it promising for almost anybody to buy stakes at a company that they know and have faith in. People who have been trading in company shares have seen it become a habit and then in many...

1. Avoid the herd mentality The typical buyer's decision is usually heavily influenced by the actions of his acquaintances, neighbours or relatives. Thus, if everybody around is investing in a particular stock, the tendency for potential investors is to do the same. But this strategy is bound to backfire in the long run. No need to say that you should always avoid having the herd mentality if you don't want to lose your hard-earned money in stock markets. The world's greatest investor Warren Buffett was surely not wrong when he said, "Be fearful when others are greedy, and be greedy when others are fearful!" 2. Take informed decision Proper research should always be undertaken before investing in stocks. But that is rarely done. Investors generally go by the name of a company or the industry they belong to. This is, however, not the right way of putting one's money into the stock market. 3. Invest in business you understand Never invest i...

Reported Consolidated quarterly numbers for 3i Infotech are: Net Sales at Rs 296.15 crore in September 2019 up 8.23% from Rs. 273.63 crore in September 2018.

PNB Housing Finance added 14 percent intraday on October 17 despite Morgan Stanley maintained underweight call on the stock with a target of Rs 550 per share. During Q2 FY19-20, the company disbursed loans amounting to Rs 4,970 crore, while retail disbursements during the quarter were Rs 4, 718 crore and corporate disbursements were Rs 252 crore.

After three consecutive sessions of losses, shares of  Indiabulls Housing Finance  (IBH) traded in positive territory in morning trade on October 17, jumping about 7 percent on BSE, a day after the company said CRISIL has reaffirmed its long-term and short-term ratings. "The rating committee of CRISIL has reaffirmed the long-term rating of Indiabulls Housing Finance at “CRISIL AA+”. The short-term rating has been reaffirmed at “CRISIL A1+”. The watch resolution of negative outlook follows the announcement of RBI not approving the merger of the company with Lakshmi Vilas Bank," Indiabulls Housing said in a BSE filing on October 16. While reaffirming the ratings and resolving the rating watch, CRISIL, as IBH claimed, noted that IBH continues to maintain strong liquidity with cash and cash equivalents at around 20 percent of total assets as of October 10, 2019. The company has aggregate liquidity of more than Rs 18,500 crore as on ...