Today's 24K gold price in India

Can a ₹1,000 Investment Turn Into ₹163 Crore? A Fascinating Journey

Investing in Wipro Limited (Wipro) in August 1996 has proven to be a lucrative decision, thanks to the company's consistent shareholder-friendly policies, including multiple bonus issues and stock splits. Let's delve into how an initial holding of 1,600 shares, valued at ₹1,000 in August 1996, would have evolved over time. Initial Investment: Date: August 1996 Number of Shares Purchased: 1,600 Total Investment Value: ₹1,000 Corporate Actions Since 1996: Wipro has undertaken several corporate actions that have significantly increased the number of shares held by investors: 1. Bonus Issue (October 20, 1997): Ratio: 3:1 (three additional shares for every one share held) Calculation: 1,600 shares × 3 = 4,800 bonus shares Total Shares Post-Bonus: 1,600 + 4,800 = 6,400 shares 2. Stock Split (September 27, 1999): Ratio: 5:1 (each share split into five) Calculation: 6,400 shares × 5 = 32,000 shares 3. Bonus Issue (June 25, 2004): Ratio: 3:1 Calculation: 32,000 shares × 3 = 96,0...

Check before buying a land/plot in India

Buying a plot in India requires thorough due diligence to avoid legal and financial issues later. Here's a comprehensive checklist of things to verify: --- 1. Title Deed (Ownership Document) Check that the seller is the legal owner. Ask for the original title deed (not a photocopy). Ensure the title is clear, without disputes or multiple ownerships. Preferably get the deed verified by a property lawyer. --- 2. Encumbrance Certificate Confirms the land is free from any monetary or legal liabilities (loans, mortgages, etc.). Obtain it from the Sub-Registrar's Office. Check for at least last 13-30 years. --- 3. Sale Deed The actual legal document of sale transfer. Should be registered with the local Sub-Registrar. --- 4. Land Use Certificate / Zoning Confirm if the plot is residential, commercial, agricultural, or industrial. Check with the local planning authority (e.g., DDA, BDA, HMDA, etc.). --- 5. Conversion Certificate (if agricultural) If agricultural land is used f...

Global Sell-Off Spreads: Why Today’s U.S. Market Drop Could Spill Over into India

In a dramatic turn, U.S. equity markets fell sharply today, triggered by renewed tariff threats, valuation concerns, and macro uncertainty. The S&P 500 slid, the Nasdaq plunged, and volatility surged. While many investors viewed this as an outright panic move, it also signals deeper systemic stresses creeping into global markets. What Shook Wall Street? At the center of today’s rout lies a revived trade war narrative. President Trump’s announcement of 100 % tariffs on Chinese imports reignited fears that globalization may be under threat once more. The markets reacted swiftly, especially in sectors sensitive to trade — semiconductors, industrials, and technology names took outsized hits. This comes at a time when valuations are stretched, and investor temperament is fragile. Beyond trade, the macro backdrop is far from stable. Inflation remains sticky, central banks are cautious about rate cuts, and geopolitical risks abound. In this context, capital is recoiling from risky asse...

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