Friday, June 19

Business

Nifty Next 50 Index Fund: How Beneficial is Investing with a 17.1% 3-Year Return?
Business

Nifty Next 50 Index Fund: How Beneficial is Investing with a 17.1% 3-Year Return?

For investors looking to diversify beyond large-cap stocks while keeping risk moderate, the Nifty Next 50 Index Fund emerges as a promising option. Experts note that this index is currently cheaper than the Nifty 50, and its constituent companies are witnessing rapid profit growth. Over the past three years, it has outperformed the Nifty 50, making it an attractive choice for long-term investors. Performance Snapshot 1-Year Return: Nifty Next 50 fell 2.27%, while Nifty 50 gained 9.6%. 3-Year Return: Nifty Next 50 delivered an impressive 17.1%, surpassing Nifty 50’s 13.4%. Valuation Overview The PE ratio of Nifty Next 50 is 20.66, significantly below its 5-year average of 26.01. For comparison, Nifty 50 trades at a PE of 22.64, making Nifty Next 50 a more affordable alterna...
Financial Deadlines Approaching: Complete NPS, ITR, and PAN-Aadhaar Tasks Before 31st December
Business

Financial Deadlines Approaching: Complete NPS, ITR, and PAN-Aadhaar Tasks Before 31st December

As 2025 draws to a close, several critical financial deadlines are fast approaching. Key tasks include filing delayed income tax returns (ITR), linking PAN with Aadhaar, and taking action on National Pension System (NPS) investments. Missing these deadlines could lead to penalties, loss of benefits, and complications in financial transactions. 1. NPS Alert: Scheme A to Merge Many NPS investors forget to manage their accounts, prompting the Pension Fund Regulatory and Development Authority (PFRDA) to issue a notice. Scheme A, which had a small corpus and limited investment options including REITs, InvITs, AIFs, and structured debt instruments, will now be merged into Scheme C (Corporate Debt) and Scheme E (Equity). This consolidation aims to offer higher returns with lower risk. In...
From Bicycle Rides to a ₹10 Crore Turnover: How Himanshu Sekhar Panda Built a Thriving EdTech Startup
Business

From Bicycle Rides to a ₹10 Crore Turnover: How Himanshu Sekhar Panda Built a Thriving EdTech Startup

Odisha’s Himanshu Sekhar Panda started an edtech venture with just ₹30,000 and has transformed it into a company generating ₹10 crore in annual revenue. Founded in 2018, Skyy Skill Academy aims to bridge the skill gap among Indian youth and has trained over 2 lakh students in modern fields such as EV technology, AI, and robotics. Leaving a Corporate Career Behind Hailing from Mayurbhanj, Odisha, Himanshu grew up in a family of a government employee father and a teacher mother. Bright and academically inclined, his passion lay in mentoring and training. After completing college, he joined a corporate job with a lucrative package earning ₹7–8 lakh annually. However, the entrepreneurial dream kept calling him. To leave his contractual corporate job, Himanshu had to pay ₹3 lakh as bon...
Stocks to Watch Today: Godawari Power, IFCI Among Picks Showing Strength
Business

Stocks to Watch Today: Godawari Power, IFCI Among Picks Showing Strength

Market Overview:Dalal Street witnessed a pause in its recent bullish momentum on Tuesday. Both key indices closed largely unchanged amid a volatile session. The BSE Sensex slipped 42.64 points (0.05%) to close at 85,524.84, while the NSE Nifty 50 edged higher by 4.75 points (0.02%) to end at 26,177.15. Profit-booking in IT and pharmaceutical stocks contributed to the mild slowdown. During the session, Sensex hit an intraday high of 85,704.93 and a low of 85,342.99. The Nifty 50 saw marginal gains despite fluctuations, reflecting cautious investor sentiment. Top Movers – Sensex Stocks:On the losing side, Infosys, Bharti Airtel, Adani Ports, Sun Pharma, Tech Mahindra, ITC, Axis Bank, and Maruti witnessed declines. Meanwhile, gainers included ITC, UltraTech Cement, Tata Steel, and HDFC ...
Nationwide Strike Announced: Unions Threaten Showdown if Labor Codes Not Repealed
Business

Nationwide Strike Announced: Unions Threaten Showdown if Labor Codes Not Repealed

India’s trade unions have called for a nationwide strike on 12th February 2026, demanding the repeal of labor codes and opposing recent government policies they say threaten workers’ rights. The unions cite changes in the SHANTI Act, MGNREGA, FDI in the insurance sector, and bills related to education and seeds as attacks on the livelihoods and rights of workers. Strike Against Labor Reforms In a statement released on Tuesday, the Joint Platform of Central Trade Unions (CTUs) said the strike decision followed a joint meeting of CTUs and various sectoral federations on 22nd December 2025. The strike will receive formal approval at the National Workers’ Convention on 9th January 2026 in New Delhi, where detailed action plans will also be discussed. Key Issues Highlighted by Unions ...
Last Chance Before New Year: Link Your PAN with Aadhaar or Face Serious Consequences
Business

Last Chance Before New Year: Link Your PAN with Aadhaar or Face Serious Consequences

The deadline to link your PAN (Permanent Account Number) with Aadhaar is fast approaching. According to the Income Tax Department, all PAN cards must be linked with Aadhaar by 31st December 2025. Missing this deadline will render your PAN inoperative from 1st January 2026, causing severe disruptions in banking, investments, and income tax filing. A late fee of ₹1,000 is applicable for completing the process now. Time is Running Out If you haven’t linked your PAN with Aadhaar yet, this is your last chance. The Income Tax Department has emphasized that those who were allotted PAN cards based on Aadhaar before 1st October 2024 must complete the linking process by the end of this year. Failing to do so will make your PAN inactive starting 1st January 2026. Since the initial deadline has ...
India’s ‘Super Stock’ of Rice Could Shake Pakistan Amid Trump’s Tariff Threats
Business

India’s ‘Super Stock’ of Rice Could Shake Pakistan Amid Trump’s Tariff Threats

New Delhi: India’s government warehouses have amassed rice stocks at record levels, signaling a potential boost in exports. As of early December, the total rice inventory stood at 57.5 million tons, roughly 12% higher than last year, driven by accelerated procurement of paddy from farmers. Global Export ImplicationsIndia, the world’s largest rice exporter, is now poised to increase its share in global markets. This surge in supply could put pressure on rice producers in countries such as Thailand, Vietnam, and Pakistan. The development comes amid recent statements by U.S. President Donald Trump, who hinted at imposing new tariffs on Indian rice and accused several countries, including India, of dumping rice in international markets. Indian rice entering global markets at competitive pri...
BCCL IPO: Jharkhand-Based Coal India Subsidiary Set to Launch Rs 1,300 Crore Public Offer in Two Weeks
Business

BCCL IPO: Jharkhand-Based Coal India Subsidiary Set to Launch Rs 1,300 Crore Public Offer in Two Weeks

Mumbai: India’s IPO market is set to welcome a major public sector listing at the start of 2026. Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited headquartered in Dhanbad, Jharkhand, is planning to launch an initial public offering (IPO) in the next two weeks. The IPO is expected to raise around ₹1,300 crore. Coal India to Sell StakeAccording to reports, the IPO will be a sale of existing shares only, with no fresh shares being issued. Coal India is set to divest approximately 10% of its stake in BCCL, amounting to around 46.57 crore shares. All proceeds from the IPO will go to Coal India, not BCCL. IPO Size and ValuationThe IPO, expected to be ₹1,300 crore in size, values BCCL at approximately ₹13,000 crore ahead of listing. Details such as share price, lot size...
Biryani Reigns Supreme as Indians Place 9.3 Crore Orders on Swiggy in 2025
Business

Biryani Reigns Supreme as Indians Place 9.3 Crore Orders on Swiggy in 2025

New Delhi: Indian food habits continue to evolve, and the nation’s love for biryani remains unmatched. According to Swiggy’s annual food trends report, “How India Swiggy’d 2025,” Indians placed 9.3 crore biryani orders last year—averaging 194 orders per minute. Among these, chicken biryani was the clear favorite, accounting for 5.77 crore orders. Top Food Trends of 2025The report, marking its 10th edition, highlights popular dishes across breakfast, late-night meals, and festive specials. Following biryani, burgers (44.2 million orders) and pizza (40.1 million orders) ranked second and third, while vegetable dosa also saw significant popularity with 2.62 crore orders. Evening Snacks and CombosBetween 3 PM and 7 PM, the peak snacking time, chicken burgers led with 6.3 million orders, ...
Pakistan Struggles to Fund PIA; Three Bidders Participate in Airline Auction
Business

Pakistan Struggles to Fund PIA; Three Bidders Participate in Airline Auction

New Delhi: Pakistan is currently facing a severe economic crisis, so much so that the government lacks the funds to operate its state-owned airline, Pakistan International Airlines (PIA). The company has been running at a significant loss, prompting the government to auction it off on Tuesday. Three groups have placed bids in the latest attempt to privatize the carrier. Second Attempt at PrivatizationThis marks Pakistan’s second attempt to sell PIA. Last year, the government tried to privatize the airline, but the effort failed when only a single bid was received—far below the reserve price. As a result, the nation’s first major airline privatization in nearly two decades did not materialize. Stake on SaleThe government is offering 75% of PIA’s stake for sale but is willing to sell u...