Reliance Industries Rights Issue - FAQs

  • Rahul Saha
  • May 27 2020
Estimated reading time: 3 minutes 38 seconds

1) What is the Right Issue schedule? Ans: The Right Issue date is from 20th May (Wednesday) 2020 with the issue closing date being 3rd June (Wednesday) 2020.2) When is the date of Allotment of shares?Ans: The Allotment date for the right issue share is on (or about) 10th June (Wednesday) 2020.3) What is the Right Entitlement for the Issue?Ans: 1 (One) right issue share for every 15 Equity shares held as on record date (14th May 2020).4) Mr. X has 58 equity shares for Reliance Industries as on record...


Sec 194-IB - TDS On Rental Payout To Resident Landlord Above Rs.50,000 Per Month

  • Yash Dhona
  • Mar 26 2020
Estimated reading time: 4 minutes 9 seconds

Are you a person who’s moved into a plush apartment, condominium or villa warranting to pay a rental amount more than Rs.50,000 per month? Wondering if there is any Income Tax applicability on the same? Sections pertaining to the “194” series in the Income Tax Act, 1961 deal with TDS (Tax Deduction at Sources). In the Finance Act 2017 – section 194-IB was inserted. This section deals with the tax deduction on payment of rent by certain persons with effect from 1st June 2017.ObjectiveThe...


Janata Curfew | What To Do During Your Stay At Home Time?

  • Anup Bansal
  • Mar 22 2020
Estimated reading time: 2 minutes 39 seconds

The PM, Mr. Narendra Modi addressed the nation on Thursday and told us that we should not be complacent about #CoronaVirus. He mentioned that we should take every possible precaution including staying indoors and practicing social distance. He exhorted all the citizens to follow #JantaCurfew on Sunday, March 22 between 7 am and 9 pm. He asked us to applaud the medical practitioners, the health workers, the essential services provider who are selflessly responding to the call of duty while being aware...


Coronavirus Panic, Depressed Markets, Economy Slowdown - This Too Shall Pass

  • Anup Bansal
  • Mar 18 2020
Estimated reading time: 3 minutes 55 seconds

Markets are down by more than 25% since the high recorded in January this year. Malls, cinema halls are shut. Work from home which was a preference of few organizations and privilege of few employees is being instituted widely across. Roads are empty with self-imposed quarantine and, in general, concern about how the Covid-19 spread may progress.My Whatsapp is flooding with messages with skepticism, hope, worry, fear and confusion. I have learnt new terms like social distancing and flattening the...


Panic Selling, Weak Investor Sentiments: Coronavirus, Yes Bank Crisis & More

  • Anup Bansal
  • Mar 10 2020
Estimated reading time: 2 minutes 10 seconds

Information sources are plenty and whether we look for data or not, it is being pushed our way every second. We have become voracious consumers of the data but is it really adding to our actionable intelligence?As if Covid-19 scare and Yes bank meltdown was not enough, there is now a video that has been circulating about the health of Indian banks and how to measure it. It claims to have found the one magic bullet – Mcap ratio of Total Deposits to Market Cap measured by the stock price - that decides...


Coronavirus: What Does This Mean For The Indian Market?

  • Satish Anand
  • Mar 7 2020
Estimated reading time: 5 minutes 9 seconds

What is Coronavirus?Coronaviruses are a large family of viruses, including some that cause the common cold to some that cause major diseases such as Severe Acute Respiratory Syndrome (SARS) and the Middle East Respiratory Syndrome (MERS).The coronavirus outbreak came to light when on December 31, 2019, China informed the World Health Organization of a cluster of cases of pneumonia of an unknown cause in Wuhan City in Hubei province.On January 9, 2020, WHO issued a statement saying Chinese researchers...


May Newsletter - 2019

  • Mitraz Knowledge
  • May 31 2019
Estimated reading time: 11 minutes 29 seconds

KNOWLEDGE - NEGATIVITY BIASSymptoms - Investors put more weight on bad news than good and react to negative events in a more than a proportionate way to good events.Examples - Investors do not feel confident to enter markets during/after a meaningful correction and fail to average out in that phase. They may also stop further exposure to a particular asset class/ instrument because of the past negative experience. Often, investors may feel overall unhappy about the portfolio even if the number of...


December Newsletter - 2018

  • Mitraz Knowledge
  • Dec 31 2018
Estimated reading time: 11 minutes 59 seconds

KNOWLEDGE - ENDOWMENT BIASSymptoms - The tendency to place a significantly higher value on things when we already own them.An Example - The endowment effect was identified by economist Richard Thaler in the 1970's when he gave the example of a man who bought a case of wine in the late 1950s for about $5/bottle. A few years later, his wine merchant offered to buy the wine back for $100 a bottle and the man refused, even though he had never paid more than $35 for a bottle of wine ever. Similarly, people...


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