Can Swiggy Outperform Zomato in the Race for IPO Success?

Swiggy's upcoming IPO is valued at ₹11,327 crore and will open on November 6, 2024. The company wants to take advantage of India's growing digital economy, even though it's currently operating at a loss. Investors are curious if Swiggy can beat its rival Zomato, which has recently gained ground in quick commerce.

By Vishal Kumar

New Tax Rules: Are You Paying Too Much on Your Mutual Fund Gains?

So, the new capital gains tax rules from the Union Budget 2024 are shaking things up for mutual fund investors. Short-term capital gains tax is now 20%, up from 15%, and long-term tax went from 10% to 12.5%. But hey, the long-term gains exemption limit just got a boost from Rs 1 lakh to Rs 1.25 lakh!

By Avi G

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