The long-term capital gains tax on international mutual funds has been reduced to 12.5% for investments held over 24 months. Wealth managers now recommend diversifying portfolios with 10-15% in overseas equities, particularly in the US and China.
Reliance Infrastructure seeks shareholders’ nod to raise Rs 3,000 crore via QIP
Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for