According to Elara, not only APAT but the entire electric resistance welded (ERW) pipe industry will grow as the government is expected to spend around Rs 1 lakh crore towards numerous projects such as metro, airport, urban development, irrigation and water sanitation and rising demand of prefabricated structures, followed by steady demand from traditional applications, like water transportation and sewage and oil & gas. … [Read more...] about After a 435% return in 5 yrs, has APL Apollo Tubes run out of steam?
Buying property under s corp
The company has historically been trading at 1 year forward P/E band of 16x. Its continued focus on its R&D efforts and tie-ups with global players to market and launch new innovative products along with cost optimisation efforts would drive its overall growth going forward.Disclaimer: The views and investment tips expressed by brokerages on moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Brokerages initiate coverage on these 10 stocks in July, expect 17-46% returns
Under PMAY (Urban) scheme, Centre provides a direct subsidy to urban buyers of affordable homes. The credit-linked subsidy classifies applicants under four groups -- Economically weaker section (EWS), Light income group (LIG), Middle-income group (MIG I), and Middle-income group (MIG II) -- for considering the qualification. Under the scheme, those purchasing a new affordable home can avail a concession in interest of about 3-4 per cent on the amount borrowed, subject to certain conditions. On an average, PMAY scheme home loans carry a subsidy amount of up to Rs 2.67 lakh, with a much lower interest rate of 6.50 per cent per year. … [Read more...] about PMAY Subsidy: Learn How PMAY Subsidy Make Home Loan Cost Effective
The Government of India enables every single Indian citizen – whether they are individuals or members of Hindu Undivided Families (HUFs) to benefit from tax deductions on health insurance offered under Section 80 Income tax laws. Under Section 80D, individuals and members of HUFs can avail a tax deduction of ₹25,000 to ₹100,000 per annum for health insurance policies purchased for self, spouse, children and dependent parents. A significant aspect about 80D deductions is that you can avail deductions over and above those availed under other Sections 80 investments including those under Section 80C, Section 80CCC and Section 80CCD. … [Read more...] about Health Insurance Section 80D: Get a Complete Guide on Section 80D Health Insurance
Balance transfer: Home loan customers who want to take advantage of the lower interest rates, or those who find their banker non-cooperative in switching over to floating rates, or if the banker is quoting too much money as conversion fee on your existing home loan, it is better that you transfer your home loan to another bank. For this one will have to a decent credit score which will naturally be there if you have made your EMI payments on time. You need to fill in balance transfer form, along with KYC and furnish income, employment proofs, NOC from the bank, existing loan papers and a pre-closure letter along with a statement of payment history to the new financier. Normally banks don't charge any processing fee for those who are shifting their home loan to their bank. … [Read more...] about Know How You Can Make a Difference in Home Loan EMI