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Wipro Share Returns In Last 40 years

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WIPRO Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services. It is headquartered in Bangalore, Karnataka, India. In 2013, Wipro separated its non-IT businesses and formed the privately owned Wipro Enterprises. The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohamed Premji as "Western India Palm Refined Oil Limited" , later abbreviated to "Wipro" . It was initially set up as a manufacturer of vegetable and refined oils in Amalner, Maharashtra, British India, under the trade names of Kisan, Sunflower, and Camel. In 1966, after Mohamed Premji's death, his son Azim Premji took over Wipro as its chairman at the age of 21. Azim Premji - Image source Google Images During the 1970s and 1980s, the company shifted its focus to new opportunities in the I T and computing industry .  On 7 June 1977, the name of the company changed from Western India Vegetable Products

Employees Pension Scheme

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Employees Pension Scheme - EPS What It Is? EPS is operated by the Employees’ Provident Fund Organization or EPFO, the Employees Pension scheme aims to provide pension to the employees of the organized category. Employees who have continuous contributory membership of EPF for 10 years can be beneficiaries under this scheme.  The scheme starts generating the monthly pensions once the beneficiary reaches the retirement age of 58. Background of EPS The Employees Pension Scheme or the EPF pension scheme was launched in the year 1995. The beneficiaries of the Miscellaneous Provision Act of 1952 and the Employees Provident Fund automatically fall under the eligibility list of the EPS scheme.  Unlike the contribution in EPF, the pension contribution in EPF is not shared by the employees and employers. Only 8.33% from the employers’ share of 12% goes to EPS pension (Max - 1250 rs). Who is Eligible to Obtain Benefits of EPS? He should be a member of EPFO He should have completed 10 years of serv

Which Small Finance Bank Is Providing 7.5% Interest on Fixed Deposit

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Small Finance Bank Fixed Deposits What are Small Finance banks? Small Finance Banks is a specific segment of banking created by RBI under the guidance of Government of India with an objective of furthering financial inclusion by primarily undertaking basic banking activities to un-served and under-served sections including small business units, small and marginal farmers, micro and small industries and unorganized entities. Like other commercial banks, these banks can undertake all basic banking activities including lending and taking deposits. After Covid-19 pandemic all Public sector banks and Private banks have reduced their interest rates on FD's drastically, hence senior citizens and others who depend on earnings from FD's interest are facing lots of problems. They are looking for an alternate option to invest and earn higher interest rates, For them these Small fiance banks may be a good option. Which Small Finance Bank is offering Highest Interest Rate  In below table we

What is the present value of Rs, 1,00,000 invested in MRF in the year 2000?

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Madras Rubber Factory (MRF) Image Source - Wikipedia Madras Rubber Factory (MRF) is an Indian Multinational Tyre manufacturing company and the largest manufacturer of tyres in India. Also the sixth largest manufacturer in the world. It is headquartered in Chennai, Tamil Nadu, India. The company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys. MRF also runs the MRF Pace Foundation, Chennai and MRF Challenge in Motorsport. Madras Rubber Factory was started by K. M. Mammen Mappillai as a toy balloon manufacturing unit in 1946 at Tiruvottiyur, Madras (now Chennai). In 1952, the company ventured into the manufacture of tread rubber. Madras Rubber Factory limited was incorporated as a private company in November 1960 and ventured into manufacture of tyres in partnership with Mansfield Tire & Rubber company based in Ohio, United States. The company went public on 1 April 1961 and an office was established in Beirut, Lebanon to develop the e

What is the present worth of Rs. 10,000/- invested in ITC IPO?

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India Tobacco Company Limited - ITC Limited ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. Established in 1910 as the Imperial Tobacco Company of India Limited, the company was renamed as the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974. ITC has a diversified presence across industries such as Cigarettes, FMCG, Hotels, Packaging, Paper boards & Specialty Papers and Agribusiness. ITC is the leading company in tobacco & FMCG sector. ITC is professional managed company and no promoter holding. In tobacco sector Gold flake, Navy cut cigarette under ITC brand. ITC cover 80% share of tobacco sector and also number of brand FMCG sector under in ITC. Presently ITC has Rs 3,14,534 Cr Market Capitalization and present market price on 9th march 2021 is 207 rs. ITC has launched IPO in 1970 at that time the value of one share of ITC was Rs 3. If in 1970 anybody invested Rs. 10,000 in ITC then he got around 

Is Interest Earned By Employee Provident Fund Taxable?

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Union Budget 2021 has proposed to impose income tax on interest earned by an employee/person on his/her contribution in excess of Rs 2.5 lakh in a financial year to a provident fund.  On a plain reading of the budget documents, it appears that tax will apply to the interest earned on contributions made to Employees' Provident Fund (EPF), Voluntary Provident Fund (VPF) as well as Public Provident Fund (PPF).  However, tax experts have clarified that there are separate limits for EPF/VPF and PPF . Which means contributions to PPF and EPF/VPF will not be aggregated for the purpose of calculating the Rs 2.5 lakh limit. Detailed Explanation Presently in EPF contribution consists of 12% of the basic salary from Employees account and additional 12% of the basic salary from Employers account. In total 24% of the basic salary will be added in EPF account every month. But Employees have an option to increase their contribution from 12% to 100% and the additional contribution also earns the

National Pension Scheme - NPS

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National Pension Scheme (NPS) India is a long-term investment plan for retirement under the purview of the  PFRDA - Pension Fund Regulatory and Development Authority  and Central Government.  Following things has been covered in this article What is NPS? Who can invest in the NPS? What are the features & benefits of investing in NPS? What are the Different types of NPS accounts? What Is NPS (National Pension Scheme) The National Pension Scheme is a initiative by the Government of  India. This is a pension plan which can be opted by employees from the public, private and even the unorganized sectors except those from the armed forces. In this scheme people have to invest in a pension account at regular intervals till their retirement. After retirement, the NPS holder can take out a certain percentage of the total accumulated amount. And the remaining amount will be received as monthly pension.  Initially, the NPS scheme was only for the Central Government employees. Now, the PFRDA