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Fiscal Empowerment: This is how mothers are redefining financial freedom
The rise of fiscal feminism in India empowers women to take control of their finances, with more female investors emerging. Despite traditional roles, women are stepping out to contribute to socio-economic development by investing in stocks and mutual funds.
6 smart borrowing strategies for long-term financial health
In 2023, India witnessed notable changes in its financial sector, particularly in borrowing patterns. Young consumers are increasingly opting for flexible credit products like personal loans and credit cards.
Two mutual fund NFOs to open for subscription this week
Two NFOs are going to open for subscription this week, according to ACE MF data. Kotak NIFTY 100 Low Volatility 30 Index Fund's NFO will open on May 22 and Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund's NFO will open on May 22 as well.
7 mutual funds completely exited from these small cap stocks in April
RIL and Infosys among top 10 stock holdings of Kotak Mutual Fund
Kotak Mutual Fund manages 130 mutual fund schemes. A look at the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services.
Rest in Peace Narayanan Vaghul, the Bhishma Pitamah of India's Banking Industry
It was his tenure as the Chairman of ICICI Bank, starting in 1985, that truly cemented his legacy.
Substandard soan papdi lands Patanjali manager, two others in jail for six months
After many hearings, soan papdi of substandard quality would land Lila Dhar Pathak, a businessman, Ajay Joshi, the distributor and Patanjali assistant manager Abhishek Kumar in jail for six months under Section 50 of the Food Safety and Standards Act, 2006. Additionally, the three were hit with fines of Rs 5,000 (Pathak), Rs 10,000 (Joshi) and Rs 25,000 (Kumar).
Why is my loan provider not fully transferring the repo rate cut benefit to me?
While banks typically follow the RBI's guidelines closely and adjust their lending rates in line with changes in the repo rate, HFCs typically have more flexibility in setting their interest rates.
With clean balance-sheet Indian Banking sector has enough opportunity for growth: K V Kamath
Delhi's peak power demand clocks 6987 MW, highest-ever in the first 18 days of May
Delhi's peak power demand reached a record high of 6987 MW on May 17, surpassing previous levels in May. The State Load Despatch Center data and an official release highlighted the increase in demand. Weather variations, green power initiatives, and potential future demand are critical for stable summer power supply.
5 banks to seek offshore banking deposits at NY campaign
The leading banks will arrange a dinner for expatriate Bangladeshis at New York LaGuardia Airport Marriott
Stop using banned calcium carbide for ripening fruits, gov warns traders as mango season peaks
The government also said that the State and Union Territory Food Safety Departments have been put on alert and urged to take action against violators under the provisions of the FSS Act, 2006.
Nepal follows HK and Singapore, bans Indias Everest and MDH spices
Nepals Department of Food Technology and Quality reported that the ban is due to the suspicion of ethylene oxide contamination. The banned spices include madras curry powder, sambhar mixed masala powder, mixed masala curry powder of MDH, and fish curry masala of Everest. The importers and traders are requested to recall these products from the Nepalese market.
Why Indian retail pharmacy sector is on a growth trajectory
Pharmaceutical analysts have indicated that the sector's growth outlook remains positive.
The banks gross non-performing assets ratio stood below 3% and net NPA ratio below 1% for two consecutive years, making it entitled to apply for a licence. Next week, the process of reverse merger will be over. A call on universal banking will be taken later. We are not rushing for it, managing director Ittira Davis said.
EPFO has released a circular detailing the settlement of physical claims in death cases. The numerous cases mentioned by the EPFO include a) Where incorrect member details are given in aadhaar, b) Unavailability of aadhaar in respect of pre-aadhaar death cases, c) Aadhaar got deactivated, d) others
India on mission to become world's leading producer of critical minerals: Hindustan Zinc Chairperson
India aims to lead in sustainable critical mineral production, per Hindustan Zinc's Chairperson Priya Agarwal Hebbar. These minerals, including cobalt, copper, lithium, nickel, and rare earths, are crucial for clean energy technologies such as wind turbines and electric cars.
ITR filing FY2024: What tax benefits do senior citizens receive on medical insurance
Income Tax return The income tax department extends various tax benefits for expenditures related to health insurance for senior citizens or other family members.
Sebi held consultations with the industry representatives from AMFI and various AMCs, and has now proposed that mutual fund schemes may invest in such overseas mutual funds which have exposure to Indian securities not more than 20 percent of their net assets
Smartworks expands Pune portfolio, leases entire 6 lakh sq ft tower in Balewadi
Smartworks leases tower in Pune's Balewadi for coworking with 8,000 desks. The Indian market has become one of the fastest-growing centers for flexible office spaces, driven by the rising demand for adaptable workspace solutions from large corporations and dynamic startups worldwide, especially after the Covid-19 pandemic.
N Vaghul, the banking doyen, passes away at 88
Narayanan Vaghul, the banker who built ICICI, passed away at 88. He was the youngest chairman of Bank of India at 44 and quit banking due to bureaucratic interference. Vaghul was awarded Padma Bhushan in 2010 and The Economic Times Lifetime Achievement Award in 2006. He is survived by his wife, daughter, and son.
Expecting good response from many companies on EV policy: DPIIT Secy
India expects positive responses from automobile companies on its electric-vehicle policy to attract global players like Tesla through tariff tweaks. The government aims to encourage manufacturers to establish bases in India without incurring costs. Duty concessions and investment commitments are key incentives for setting up manufacturing units. Companies can import CBUs at reduced customs duty.
SBI Foreign Travel card: Important features
State Bank Foreign Travel Card is a prepaid Foreign Currency card that makes your foreign trip trouble-free and convenient.
over 28 stock ideas from prabhudas if bjp wins 300-325 seats in lok sabha elections
Here a list of sectors along with the sectoral top picks that will have a positive impact on NDAs return, as suggested by Prabhudas Lilladher:
HDFC Bank Pixel Play Credit Card: How to apply for virtual credit card
In an update to its users, Club Vistara informed that its frequent flyer programme will be merged with Air Indias Flying Returns programme. The airline said that details regarding co-brand cards will be shared in the coming weeks.
Rising rates of hypertension driving growth in cardiac drugs market
The growth rate of the market value of anti-hypertensives recorded fluctuations over the years but maintained a stable demand overall, according to Pharmatrac data.
PPFAS Mutual Fund: ITC, Power Grid, and Coal India among top 10 stock holdings in April
Here are the top 10 stock holdings of the fund house, according to the report by Motilal Oswal Mutual Fund.
Will UPI cash deposit facility render debit cards irrelevant?
RBI's decision to allow UPI for cash deposits at ATMs may render debit cards irrelevant as mobile payments surge. Debit card usage has stagnated, while mobile payments have more than doubled in the last three years, according to RBI data.
'Super Rich in Korea' on Netflix: 3 hidden money lessons to learn from the series
Explore the extravagant lives of Korea's super-rich, their lavish spending on designer items, and the hollowness of their displays of wealth. Follow the stories of individuals like David Yong and Aren Yoo, reflecting on the consequences of flaunting wealth and the importance of discretion.
What is DHFL scam, the largest banking loan fraud in India?
What is DHFL scam the largest banking loan fraud in India
Delhi HC sets aside single-bench order asking SpiceJet to pay Rs 270 cr to KalanithiMaran
SpiceJet and Singh had approached the Delhi HC where they sought to annul the portion of the award which instructed them to refund Rs 270 crore to Kal Airways and Maran.
NFO Alert: SBI Mutual Fund launches automotive opportunities fund all you need to know
SBI Automotive Opportunities Fund is a thematic mutual fund that aims to generate long-term capital appreciation for unit holders by investing in a portfolio of companies engaged in automotive and allied activities. The scheme opened for subscription on May 17 and will close on May 31.
What can be improved about healthcare insurance in India
Addressing the challenges facing healthcare insurance in India requires a concerted effort towards transparency and efficiency.
From time to time, Sebi has released circulars to make a set of rules which govern the criteria for credit rating agencies. The regulator has now released a master circular to enable the investors to have access to all the directions at one place.
When will your investment double? Know here
Many experts have been encouraging the pursuit of financial independence, with the objective of achieving early retirement. But many feel this is not a viable option.
ICICI Prudential Mutual Fund Portfolio: RIL, ITC among top 10 stock holdings in April
ICICI Prudential Mutual Fund manages 253 mutual fund schemes.
Bandhan Bank Q4 Results: Lender posts PAT at Rs 55 crore on higher provisions; NII at Rs 5,189 crore
The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.
ZEEL Q4 Results: Company reports profit of Rs 13 crore versus loss YoY; revenue rises 3%
ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.
Income Tax: How to authenticate notice issued by the department? A step-by-step guide
One way to check the authenticity of notice sent by the tax department is to cross check the email ID from where it is sent. Alternatively, you can authenticate the veracity of notice by visiting the tax department website.
As EPFO struggles with staff shortage, higher pension subscribers are kept waiting
Almost 18 months after the Supreme Court ruling, subscribers who opted for a higher pension under the Employees' Pension Scheme continue to wait as the EPFO, facing a staff crunch, tries to figure out the math
Sectors that gained mutual funds interest in April
Private banks had the highest weightage of around 17.2%. It was the top sectoral holding for mutual funds in April 2024.
SBI savings account plus: 7 things to know
SBI savings account plus: 7 things to know
ITR filing AY 2024-25: I-T dept makes changes in ITR-1 for AY2024-25. Check details here
The most common ITR form is ITR-1, which is also known as Sahaj Form. It is meant for resident individuals whose total income for the financial year does not surpass Rs 50 lakh.
These 10 mutual funds together held over Rs 1 lakh crore cash in April
Around 42 mutual funds were sitting on Rs 1.36 lakh crore cash in April, according to data by ACE MF.
SAIL, IRCTC among top 10 mid cap stocks that mutual funds bought in April
Top 10 midcap stocks bought by mutual funds in April
Chola Inv Finance shares gain 1.68% as Sensex rises
The stock quoted a 52-week high of Rs 1352.9 and a 52-week low of Rs 997.4.
Page Industries shares up 0.04% as Nifty gains
A total of 500 shares changed hands on the counter till 01:28PM (IST).
Zerodha Kite introduces 'Notes' for investors to track stocks. Check feature details
The 'Notes' feature is currently available on the Kite website and will soon be rolled out to the Kite app.
Pidilite Ind shares down 0.79% as Sensex rises
A total of 4,814 shares changed hands on the counter till 12:42PM (IST)
Stay on course! Avoid changing lanes frequently in SIP, says WhiteOak Capital Mutual Fund
Investors should focus on long-term financial goals by continuing with the same index in a Systematic Investment Plan (SIP) rather than switching annually to the best-performing index of the previous year, as revealed by a study from WhiteOak Capital Mutual Fund.
Tokyo's Nikkei index closes lower
Among major shares in Tokyo, chip-making equipment manufacturer Tokyo Electron was down 1.98 percent at 36,090 yen and Nikon was off 1.12 percent to 1,667.5 yen.
Delhi bound Air India flight collides with tug truck before takeoff in Pune
An Air India flight bound for Delhi collided with a tug truck while taxiing at Pune Airport. The collision caused damage to the aircraft's nose and a tire near the landing gear. All 180 passengers were safe. Passengers were deplaned and rebooked as emergency protocols were promptly activated. The Directorate General of Civil Aviation (DGCA) launched an inquiry to determine the cause of the accident.
SBI Automotive Opportunities Fund opens for subscription. Key things to know
Kangana Ranaut has 50 LIC policies: Good or bad idea. Here's what financial experts have to say
While Ranaut's property portfolio consists of real estate investments, her financial portfolio also includes a substantial investment in insurance policies, with a notable holding of 50 Life Insurance Corporation (LIC) plans in her name.
Foreign Outflows Driven By Skewed Selling In Banking Stocks
FPI holding of Indian equities continue to be at decadal low, ICICI Securities said in a report.
Buy JK Cement, target price Rs 5050: Anand Rathi
JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2023.
Buy Ashok Leyland, target price Rs 232: Axis Securities
Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 60679.20 Crore) operating in Auto sector.
Buy Transport Corporation of India, target price Rs 1080: Motilal Oswal
Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 7075.51 Crore) operating in Logistics sector.
Banking and IT stocks drag Sensex over 100 points lower; Nifty below 22,400
The BSE Sensex edged 93 points or 0.13% lower to 73,565. Meanwhile, the Nifty50 traded at 22,381, down 22 points or 0.1% around 9:21 am.
Religare moves HC over Sebi 'inaction'
Religare has asked the court to direct Sebi to conduct a forensic audit to unearth the facts behind the grievances raised by it and to submit to the court a detailed report on the actions taken by the capital markets regulator.
Deepak Shenoy has lent a counter-view on the issue saying that taxes are not high at all in real estate, compared to all the subsidies one gets in the sector.
6 in 10 consumers of online insurance sales platforms experience nagging, subscription: Survey
In October 2023, the Insurance Regulatory and Development Authority of India (IRDAI) formed a taskforce to look into various aspects of the bancassurance channel, including mis-selling.
6 in 10 consumers of online insurance sales platforms experience nagging, subscription trap: Survey
In October 2023, the Insurance Regulatory and Development Authority of India (IRDAI) formed a taskforce to look into various aspects of the bancassurance channel, including mis-selling.
YES BANK, known for its innovative banking solutions, announces the launch of YES Grandeur, an exclusive banking programme designed to address the unique financial and lifestyle needs of Indias fast-growing Emerging Affluent segment. With an expected growth rate of 2.3 times over the next decade, as per BCG CCI Proprietary Income Model, this demographic is ... Read more The post YES BANK Introduces YES Grandeur : A Premier Banking Experience for the Elite and Emerging Affluent Segments first appeared on Daily Kiran .
Maternity insurance plans have become increasingly popular amid rising healthcare costs, with an 80 per cent YoY rise in FY24.
ET Explains: Elections and the surge in remittances
India has been on top of the charts of remittances from its diaspora. In 2022-23 it crossed the $100billion mark to $112 billion and a record $29 billion in the December quarter alone. But will the uptrend continue? An explainer on what drives inward remittances.
Tech View: Nifty forms small Hanging Man candle. What traders should do on Friday
On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.
Navigating the current global uncertainty with gold
Gold consumption in China has increased by over 6% this year despite higher prices. There is a lesson for the rest of the world in this
HDFC Bank, RIL among top 10 stock holding of Nippon India Mutual Fund in April
Here are the top 10 stock holdings of Nippon India Mutual Fund
Air traffic to grow upto 340 million FY25; airlines revenue to grow 15-17%: ICRA
International air traffic that regained the pre-pandemic levels in FY24, is expected to further grow by 10-14% in the current fiscal year.
Real estate developers, agents urged to register under RERA: Delhi RERA chairman Anand Kumar
The Act, which became effective from April 30, 2017, was passed with an aim to bring sea changes in an otherwise unregulated industry.
Hospital chain Artemis Medicare raises Rs 330 crore from IFC
Artemis Medicare Services has raised Rs 330 crore from IFC to increase bed capacity and introduce advanced specialty services. The company plans to set up cardiac care centers, expand in tier 2 and 3 cities, and in the Delhi NCR region through brownfield and greenfield opportunities. Artemis operates 713 beds in the Delhi NCR region and runs seven centres under the Artemis Cardiac Care brand in a joint venture with Philips.
Study in The Lancet magazine reveals that healthcare privatization globally lowers quality of care and worsens patient outcomes. Based on extensive research across high-income nations, it highlights the negative impact of converting public hospitals to private entities and outsourcing services. Concerns raised amid Supreme Court scrutiny over healthcare cost discrepancies
How US, UK social security system is unfair for Indians
Indian workers do not face a level-playing field when it comes to receiving social security benefits in some countries like the US and UK. And it may not get better.
Singapore Airlines announces 8 months' salary bonus to employees
SIA's financial performance saw a 24 percent surge in earnings, reaching $2.7 billion for the fiscal year ending on March 31, 2024. This growth was attributed to enhanced operational efficiency, reduced tax expenses, and profits generated from its associate companies.
EPF: How to withdraw money from your PF account? Key questions answered
For withdrawal of your EPF money, you should ensure that you have seeded relevant details in the EPFO database. These details are as follows: Aadhaar, bank account number along with IFSC details and your Permanent Account Number (PAN).
Planning early retirement? How to build a 10 crore corpus by age 52
Retirement goals are among the most important since the accumulated money is consumed over years and the post-retirement stage for most is quite long.
Four advantages of using a prepaid card
Four advantages of using a prepaid card
Income Tax Filing (ITR) AY 2024-25: Check the list of important documents you need before filing
ITR document requirements vary from person to person as it depends on the earning sources of the tax filer. The process of filing varies on the type and source of income, including but not limited to salary, business revenue, investment earnings, and other categories.
How to enable UPI Lite payments on Paytm app for small transactions
IT & banking titans fuel 677-point Sensex rally in last leg of volatile session
The benchmark equity indices tossed between ups and downs throughout the day and finally settled in the green. US rate -sensitive IT stocks contributed majorly to the fag-end rally as all 10 constituents advanced, adding between 1% and 4.2%. Investors gained Rs 3.1 lakh crore on Thursday.
Why InMobi is banking on 'app-less' consumption, AI-driven user platforms
Tewari says he is working on getting Glance on iOS too, but this may not be easy since Apple rival Google is an investor in Glance. Its other investors are Jio Platforms and Mithril Capital
Top 5 banks offering low interest rates on home loans; check full list
SBI offers home loans in the range of 9.15 percent to 9.65 percent based on the CIBIL score. The higher the score, the lower the interest rate. When the CIBIL score is above 750, the bank charges 9.15 percent and when the score is between 550 to 649, the bank gives loan at 9.65 percent
Summer vacation within Rs 1 lakh: 10 cheapest countries to visit from India
Angel One launches Fin One to enhance financial awareness among Gen-Z and Millennials
Mintel's latest findings reveal that 91 percent of India's Gen Z (aged 18-26 in 2023) are already plotting their future with an emphasis on smart savings for big dreams like homes, flashy wheels, and adventures.
Quant Mutual Fund adds DLF, Pfizer in April, exits Tata Steel & Infosys
The fund house had assets under management of Rs 77,358 crore as on April 2024. The fund house manages 27 mutual fund schemes.
