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Gold investment stays strong, but record prices weigh on jewellery demand: WGC
Gold investment is set to stay strong despite record-high prices affecting jewellery demand, as geopolitical risks and inflation concerns drive price increases. Subdued retail demand for jewellery has led to liquidity issues in the industry, but interest in gold ETFs remains vigorous.
Saturday bank holiday: Are banks open or closed today on February 22, 2025
The bank holidays in different states differ according to national, state-specific, and festival holidays. Digital transactions, ATMs, and mobile banking services will function as usual on bank holidays.
Let there be lite: India's new motto as sweet spot shifts to low, no-sugar drinks
Sales of no-sugar and low-sugar drinks and juices doubled in 2024, reaching 700-750 crore, accounting for 10% of the overall beverages category. Urban Indians are increasingly shifting to healthier drink options, influenced by social media trends and the rising prevalence of diabetes.
FMCG Inc readies quick fix for urban distributors
Companies like Godrej Consumer, Emami, and Adani Wilmar are reducing the number of urban distributors to make them more viable, offering higher credit and expanding business scopes. This is to adapt to the growing shift of consumers from traditional kirana stores to quick commerce and modern trade.
India's electronics exports top Rs 2.5 lk cr, thanks to smartphones
India's electronics exports have significantly expanded, becoming the third-largest contributor to the countrys exports. Production-linked incentives have driven this growth, with smartphone exports by Apple playing a key role. However, challenges such as reciprocal tariffs by the US government remain a concern.
Companies hiring on all cylinders to take charge of EV market
Electric vehicle makers in India are ramping up hiring, with prominent firms like Tata Motors and Ola Electric expanding their teams across various key domains. Recruitment firms report a 25-30% surge in hiring mandates, driven by burgeoning consumer demand, government incentives, and infrastructure expansion, alongside attractive salary offers for senior roles.
Satcom policy should be fair in urban areas: Sunil Mittal
Bharti Airtel chairman Sunil Mittal urges the government and telecom regulators to establish a non-discriminatory policy for satellite communication spectrum allocation in urban areas. He supports spectrum sharing for rural and remote locations to facilitate satellite broadband connectivity, crucial for reaching underserved populations.
Adani power plans to develop 30 GW nuclear capacity
Adani Power plans to set up 30 GW of nuclear power capacity to replace its thermal capacity, with potential international partnerships for technology. The shift aligns with India's goal of 100 GW nuclear power by 2047. This move follows the government's proposal to open the nuclear power sector to private companies and plans for five small modular reactors by 2033.
Cash counters ringing at telcos; revenue set to surge 17% in q4
Telecom sector revenue is expected to grow 16-17% year-on-year in Q4 FY25, reaching 2,68,800 crore, the highest since Reliance Jio's launch. This growth is driven by the aftermath of rate hikes, strong customer additions, and substantial 2G to 4G/5G conversions.
Money gaming cos flout rules, fish for more time
Real money gaming companies are struggling to comply with new Tamil Nadu regulations prohibiting minors and imposing 'blank hours.' They face technical challenges in swiftly implementing these laws. Some firms seek more time or are considering legal action, while potential criminal liability looms for non-compliance.
NCLT approves Reliance Big resolution plan
The successful revival plan is for an aggregate amount of Rs 3.51 crore, which will be paid to secured financial creditors of RBPL. Also, an upfront cash payment of Rs 4 crore will be infused into the company by the successful bidder, as per the resolution plan.
AP wnters track to woo Tesla with ready land, port access
Andhra Pradesh is making an effort to attract Tesla to set up an electric vehicle manufacturing unit, highlighting its port connectivity and available land. The state government has presented incentives and emphasized the regions high EV sales. This follows ongoing discussions and previous cooperation on solar energy projects with Tesla.
Power ministry geared to meet demand surge in summer
The power ministry anticipates a peak demand of 270 GW this summer, higher than the previous year's 250 GW. Adequate supply has been prepared and thermal capacity will increase by 15 GW by FY26. Measures include possible mandate extensions for coal and gas power plants.
250 technical textile firms take part in Bharat Tex
Over 250 companies and 370 foreign buyers participated in India's leading textile event, Bharat Tex 2025. The event showcased India's progress in man-made fibre textiles and the growing technical textile sector, worth approximately $22 billion. Bharat Tex 2025 featured 5,000 exhibitors from more than 120 countries, covering the exhaustive textile value chain.
Over 4 lakh devotees join Maha Kumbh from Northeast Frontier Railway region
Northeast Frontier Railway has facilitated the travel of over four lakh devotees attending the Maha Kumbh Mela 2025 in Prayagraj. NFR has increased train services, enhanced security measures, and ensured smooth operations to accommodate the surge of pilgrims, emphasizing safety, comfort, and efficient crowd management.
Sourav Ganguly aims to operationalise steel plant project in 18-20 months
Former Indian cricket captain Sourav Ganguly announced that the steel plant project in Garbeta, Paschim Medinipur, is set to be operational in the next 18-20 months. The project, a partnership with Captain Steel, involves an investment of Rs 2,500 crore and will have a 0.8 million tonne annual capacity.
TRAI proposes broadcast fee overhaul under new authorisation regime
TRAI recommends reducing fees and guarantees for broadcasting services and phasing out DTH license fees by FY27. It proposes transitioning to an authorisation system under the Telecommunications Act, 2023, integrating MSOs and LCOs, and examining OTT platforms inclusion. Interoperable set-top boxes are encouraged to enhance consumer choice.
RBI imposes penalty on Citibank for violation of norms
The Reserve Bank of India (RBI) imposed a penalty of Rs 39 lakh on Citibank N.A. due to non-compliance with large exposure framework directions and delays in furnishing credit information to CICs. Additionally, JM Financial Home Loans Limited and Asirvad Micro Finance Limited were fined for non-compliance with other regulatory provisions.
TRAI bats for inter-operable set-top boxes, infrastructure sharing among broadcasters
TRAI has recommended interoperable set-top boxes, voluntary infrastructure sharing among broadcasters, and reduced net worth requirement for IPTV providers. These measures under the Telecommunications Act-2023 aim to foster growth and ease of doing business in the broadcasting sector.
Revised pilot duty norms to be rolled out in phased manner from July 1: DGCA to Delhi HC
The watchdog's revised civil aviation requirement (CAR) relates to flight duty time limitation seeks to provide more rest time for pilots amid concerns over pilot fatigue. Initially, it was to be implemented from June 1, 2024.
Carbon Check (India) becomes the first globally accredited Designated Operational Entity under the Article 6.4 Paris Agreement Crediting Mechanism. This significant recognition boosts Indias efforts in climate action, setting high standards in carbon credit validation and verification. It bolsters international collaboration on reducing greenhouse gas emissions, enhancing global market integrity, and supporting Indias Nationally Determined Contributions.
AEPC to expand apparel exports into newer markets in 2025-26
AEPC aims to widen the global outreach of Indian apparel exports by tapping into new and non-traditional markets in 2025-26. The sector has seen a 11.6% rise in exports despite global challenges, supported by government initiatives and significant growth in key markets like the US and Europe.
Lab-grown diamonds see price drop, natural ones shine with sustainability: Report
The Natural Diamond Council reports an 83% price drop in 1.5-carat lab-grown diamonds since 2015, while natural diamonds maintain steady annual growth. Indian manufacturers increasingly adopt renewable energy and sustainable practices. The industry adheres to stringent ethical standards under the Kimberley Process. Opening a mine averages 10 years, emphasizing environmental and social considerations.
Bima-ASBA facility will eliminate unauthorised deductions, say insurance sector players
Irdai's implementation of Bima-ASBA for insurance premium payments will enhance transparency and security by blocking the premium amount until policy issuance. This mechanism prevents unauthorized deductions and ensures funds remain secure, offering significant benefits to policyholders and aligning with UPI-OTM features for smooth transactions.
Dr Agarwal's Eye Hospital appoints Sachin Tendulkar as its brand ambassador
Dr Agarwal's Eye Hospital has appointed cricket legend Sachin Tendulkar as its brand ambassador. The hospital has been conducting 100 free eye surgeries annually as a tribute to Tendulkar's 100 centuries, and Tendulkar will now help promote awareness about eye care through this collaboration.
Five promising crypto projects to watch: Which one is gaining traction?
The cryptocurrency market sees significant growth with promising projects like Aureal One in blockchain gaming, DexBoss in DeFi, yPredict in AI-driven trading, Ondo in tokenised assets, and Berachain in blockchain innovation. These projects offer unique features, strong backing, and high potential for investors.
Apollo Hospitals calls for liberal visa policy to boost medical tourism
Apollo Hospitals' Joint Managing Director Sangita Reddy highlights the need for a liberal visa policy to boost India's medical tourism sector, emphasizing the government's 'Heal in India' initiative. The healthcare provider plans to add around 3,000 beds and invest nearly Rs 6,000 crore for expansion over five years.
Adani Green Energy operationalises 250 MW solar project in Rajasthan
NEW DELHI, Feb 21:Adani Green Energy Limited (AGEL) on Friday said its arm has operationalised a 250 megawatt (MW) solar project at Jaisalmer in Rajasthan. With commissioning of this plant, its total operational renewable generation capacity has increased to 11,916.1 MW, AGEL said in an exchange filing. Wholly-owned stepdown subsidiary Adani Green Energy Twenty Four Limited (AGE24L) has operationalised solar power project of 250 MW at Bhimsar & Dwada at Jaisalmer. Based on the relevant clearances, it was decided [] The post Adani Green Energy operationalises 250 MW solar project in Rajasthan appeared first on Daily Excelsior .
Technology as a foundation for innovation.
Top 5 aggressive hybrid equity funds with up to 21% returns in 5 years as on February 12, 2025
India's RBI must infuse Rs 1 lakh crore by March-end to ease bank liquidity gap, analysts say
The Reserve Bank needs to inject at least Rs 1 lakh crore into the banking system by March-end due to a liquidity deficit. Despite recent cash infusions and a rate cut, the deficit was around Rs 1.7 lakh crore. More bond purchases and swaps are anticipated to ensure effective policy transmission by lenders.
Going Abroad? Check how to enable SBI debit cards for international usage: Explained
Bank of India reports Rs 226.84 cr loan fraud by Gupta Power Infrastructure
State-owned Bank of India reported a Rs 226.84 crore fraud by Gupta Power Infrastructure to the Reserve Bank. The bank has made provisions of Rs 212.62 crore for the NPA. BoI posted a 35% rise in net profit to Rs 2,517 crore for Q3 FY24, with total income and net interest income also showing significant growth.
Under the PM Kisan Yojana, an income support of Rs 6,000 per year in three equal instalments will be provided to all land holding farmer families. This is payable in three equal 4-monthly installments of Rs.2000/- each.
Sunil Mittal, Chairman of Bharti Group, advocates for shared satellite spectrum in rural areas while emphasizing the need for non-discriminatory policies for urban terrestrial providers. He supports satellite broadband to connect underserved regions and expects the telecom market to stabilize with 3-4 operators, including BSNL.
MAIA Estate secures over Rs 1,000 crore financing from CapitaLand India for Bangalore office project
Maia Estates Offices has entered into a forward purchase agreement with CapitaLand India Trust to acquire an office project in Bangalore for over Rs 1471.7 crore. The project, a part of a mixed-use development, will be fully funded by CLINT, with the acquisition expected to finalize in 2030.
38 years of design innovation: How this furniture brand blends function with style
HOF Furniture & more, established in 1986, combines Italian design with Indian manufacturing. With advanced technology and sustainability practices, they produce functional and aesthetic furniture. Global expansions include showrooms in Nepal and soon Dubai, and partnerships with Italian designers and Russian brand Glider for innovative products.
Defaulter jaise harkate kar rahe ho: SBIs aggressive credit card reminder sparks outrage
Rattan Dhillon criticized an SBI agent's aggressive recovery message for his minor unpaid credit card balance. He called the behavior unacceptable and demanded an apology from the bank, which later expressed regret. This incident sparked a debate about banking recovery practices on social media.
What Your Boss Wont Tell You About Getting Promoted
what your boss wont tell you about getting promoted
Adani Green seeks to recast $1.1 billion loan in rupees post DOJ
Adani Green Energy Ltd. is in advanced negotiations with local lenders, including Power Finance Corp., to refinance up to $1.1 billion of dollar debt in rupees. This move comes after the U.S. Department of Justice indicted Adani Group over an alleged bribery scheme. The refinancing aims to address obligations due by the end of March.
10 largest India-focused offshore equity funds and ETFs
As of December 2024, the AUM of the 10 largest India-focused offshore funds and ETFs declined slightly by 1% to $42.1 billion from $42.4 billion in June 2024. Notable funds, including iShares MSCI India ETF and Kotak India Midcap A, saw varying trends.
Dark Nuns: Where exorcisms meet financial wisdomFinancial lessons you can't miss
Dark Nuns presents an intriguing horror narrative with two female leads uniting against evil. The film, enriched with shamanic elements and K-drama charm, offers a refreshing perspective on teamwork, diverging from typical genre tropes and delivering an entertaining experience.
Swastik Productions enters branded content space
Swastik Productions has partnered with Rudralife to launch 'Rudraksh: Shakti, Bhakti, Vigyan,' a series exploring the spiritual and scientific significance of Rudraksh. Premiering on February 20, the series aims to engage contemporary audiences with meaningful cultural narratives and enhance brand engagement.
Govt classifies barytes, felspar, mica, quartz as major minerals
The government has reclassified barytes, felspar, mica, and quartz as major minerals to boost exploration and scientific mining. This move aims to enhance the extraction of critical minerals associated with these resources. Existing leases' periods will be extended, and revenue will continue to accrue to state governments. A transition period until June 30 is provided.
PMIS is an initiative by the Government of India to offer paid internship opportunities to young individuals in the country's top 500 companies. The scheme focuses on individuals aged 21 to 24 years who are currently not engaged in any full-time academic programme.
Tata Power DDL join hands with Probus Smart Things to advance smart metering technology
Tata Power Delhi Distribution (DDL) and Probus Smart Things have partnered to develop advanced smart metering technology, featuring a universal Network Interface Card (NIC) with Bluetooth communication. This innovation aims to enhance meter data collection and operations in difficult network conditions. Plans are to extend its benefits to other utilities and regions.
Index Funds vs. ETFs: 5 key points to help you choose the right investment
The interest in passive investments like ETFs and Index Funds is growing. Key differences include trading methods and flexibility, with ETFs offering real-time trading and lower costs. Investors should weigh their options based on personal investment goals and requirements.
AMFI launches 3 new investor initiatives: Chhoti SIP, Tarun Yojana, MITRA
AMFI launched three initiativesChhoti SIP, Tarun Yojana, and MITRAto enhance financial inclusion, investor awareness, and retrieval of forgotten investments, aligning with SEBIs efforts to democratize mutual funds and ensure broader participation across diverse demographics.
Indian banks to face margin squeeze as RBI may go for more rate cuts
Indian banks are experiencing pressure on their net interest margins due to the RBI's recent rate cut and expectations of further reductions. Strong loan growth has helped, but high deposit rates and increased competition for deposits are squeezing margins, with major lenders like SBI and Bank of Baroda reporting declines.
Bajaj Electricals gets Rs 14.08 cr demand from GST authority in Punjab
Bajaj Electricals Ltd has been issued a demand of Rs 14.08 crore by GST authorities in Punjab for ITC mismatch and reverse charge mechanism issues for FY 2020-21. The company is considering legal options, including an appeal, and assures there is no impact on its financial operations or activities.
Insurance companies look to hike health premiums as pollution stings
Indian insurers may raise health policy premiums by 10-15% for New Delhi residents due to a surge in air pollution-related claims in 2024. This hike, pending regulatory approval, would be a first in India, linking air pollution directly to insurance premiums. Higher hospitalization rates for respiratory conditions have prompted consideration of this increase.
Industry waiting for govt's action to check steel imports: Tata Steel CEO T V Narendran
Tata Steel CEO T V Narendran urged the government to address the surge in steel imports affecting domestic producers and warned of potential impacts on future investments. Despite expansion plans aligning with Indias vision of 300 million tonne capacity by 2030, imports, mainly from China, have depressed prices and competitiveness. The Indian government is reviewing the import issue.
Adani Group to invest Rs 30,000 cr in Kerala in next 5 years
Kochi: Adani Group will invest Rs 30,000 crore in Kerala in the next five years, a top executive said on Friday. The diversified group that is developing the Vizhinjam port and operating the airport at Thiruvananthapuram, will be developing a logistics and e-commerce hub as well as expanding its cement manufacturing capacity in the state. Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
Another player joins India's EV supply line; new plant to make batteries under Range-X brand
Kinetic Group's plant will produce both LFP and NMC batteries, enhancing India's mobility transformation. The facility seeks to emphasise on automation, safety, and sustainability while contributing to the growing Indian EV market, the company said.
Govt aims to put max number of critical blocks on auction by 2031: MoS Satish Chandra Dubey
The government has sought industry support for the National Critical Mineral Mission, aiming to auction maximum critical mineral blocks by 2031. The mission targets self-reliance in essential minerals, crucial for green energy technologies, and includes exploration, mining, and recycling processes, with a focus on reducing import dependence.
Banking and Power sectors poised to lead market recovery: Dharmesh Shah
We believe we are not near the bottom but maybe short term we are near the bottom of 22,800 to 22,600 and we are expecting a pullback for the next week towards 23,300 to 23,500. So, buy the dip should be the strategy going forward.
This bank revises FD rates; senior citizens can get up to 8.75% interest rate for longer tenure now
Ujjivan Small Finance Bank has updated its FD and savings account interest rates effective from February 21, 2025. Fixed deposits remain one of the safer and most preferred investment options for people seeking consistent returns.
Correction in small, midcaps: No need for statement, says Sebi Chairperson Madhabi Puri Buch
Small and midcap stocks have turned bearish, with some plunging over 20% in a short span. In March 2024, Buch warned of high valuations, cautioning against market froth. Some call it a bubble, some call it froth. It may not be appropriate to let it keep building, she stated, highlighting risks in these sectors.
NFO Update: Kotak Mutual Fund launches CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Kotak Mutual Fund: The scheme focuses on AAA-rated corporate bonds, commercial papers, and certificates of deposit issued by financial institutions. Designed with a fixed duration, it maintains a constant maturity profile, ensuring stable exposure to a specific timeframe. Additionally, constant maturity index funds are generally cost-efficient, as they typically do not impose entry or exit loads, enhancing investor affordability.
How to add a credit card to Amazon for seamless online shoppingA complete guide
Online shopping offers convenience with credit cards, allowing easy transactions without immediate cash. Amazon ensures card data security and provides options to add or remove payment methods. Users should avoid public networks and never share card information to prevent scams.
Amazon Pay ICICI Credit Card: Eligibility, documentation, and application process
Amazon offers a convenient e-commerce platform for easy purchases. To earn exclusive rewards, consider the Amazon Pay ICICI credit card, understanding its features and eligibility. Age 18+, specific income proof is required, and an Amazon account is necessary for application.
Flipkart Axis Bank Credit Card: Features, benefits and eligibility explained
Credit cards offer convenience and benefits, and the Flipkart Axis Bank credit card is ideal for regular Flipkart shoppers. Understanding eligibility, required documents, and features is essential before applying. Use credit cards wisely to avoid repayment issues.
Planning to start an SIP for your child? Radhika Gupta answers 4 FAQs
Radhika Gupta clarified that for minor folio creation, the guardians PAN and relationship proof (such as a birth certificate, passport, or court document) are required, while the minors PAN is optional. Addressing a query on SIP subscriptions, he confirmed that both the guardians and minors bank accounts can be used, but redemptions will only be credited to the minors account.
How to easily change your credit card PIN? Follow these simple steps
Credit cards offer rewards and cashbacks but require a secure PIN for offline transactions. Changing the PIN is easy, but overspending can lead to debt and affect your credit score. Use credit cards wisely to maintain a healthy credit profile.
Cant pay your loan in full? Heres how a settled status will affect your credit score
A settled loan, indicating partial repayment, can drastically lower your credit score by 50 to 100 points and affect future borrowing for up to seven years. It's crucial to communicate with lenders and explore restructuring options to mitigate the impact on your credit health.
Multipurpose loan: How to get approved, interest rates, and required documents
Multipurpose loans are a convenient option for temporary financial needs, featuring a straightforward application process and no collateral. Borrowers must meet certain age, income, and credit score criteria to secure favorable loan terms and ensure successful approval.
Is taking a personal loan for gold worth it? Pros and cons you must consider
Gold remains a popular investment in India, but rising prices often lead people to seek personal loans for purchase. These unsecured loans offer flexibility, quick approval, and can help build credit. However, potential borrowers should consider market volatility and interest rates before deciding.
Power of passive income: How Gen Z can make money while asleep
Gen Z is leveraging passive income strategies to earn money while enjoying life. By investing in dividends, real estate, and creating digital content, they can generate revenue without full-time commitments, leading to more time for travel and personal pursuits.
5 timeless investing principles from Chuck Akre for long-term success
Chuck Akre's contrarian investment strategy focuses on high-quality firms with solid management and reinvestment strategies. By emphasizing patience and selecting good companies at reasonable prices, Akre guides investors to navigate market fluctuations and achieve long-term financial success.
Family Settlement Agreement: Apart from Wills, Trusts and Gift Deeds, there is another way to transfer property and assets. Family Settlement Agreement can be used as a way to divide the movable and immovable assets among the family members. Read on to learn what it is and how it prevents conflicts among family members in the distribution of assets.
The GMR Group anticipates a significant rise in passenger traffic at Rajiv Gandhi International Airport from 29 million in FY 25 to 50 million by FY 31. They are investing Rs 370 crore in expanding and setting up new cargo terminals, aiming to handle close to 4.0 lakh tons annually.
When Soha Ali Khan quit her banking job to do movies
Soha Ali Khan, born to Sharmila Tagore, initially pursued a banking career despite her family's Bollywood roots. Her plans changed when offered a film role by Amol Palekar. Despite initial setbacks, she embraced her acting career while managing her parents' contrasting expectations.
How to invest Rs 10 lakh in mutual funds. Smart strategies for conservative investors
Three senior wealth managers recommend a plain vanilla equity or multi-asset fund as the ideal vehicle for retail savers to invest in equities, the best long-term hedge against inflation.
Panshibi launch takes attention off DOGE
Recent updates suggest Dogecoin is set for a price surge in March as network activities increase. Meanwhile, Panshibi (SHIBI) is gaining attention with its ready plans for sustainability and potential 600% presale profits, listing on major exchanges, offering unique opportunities for crypto traders.
RBI flags concerns in unsecured lending, capital markets frenzy
Reserve Bank of India is worried about too much borrowing in unsecured loans and a surge in stock markets, Deputy Governor Rajeshwar Rao said on Friday.
CorporatEdge looks to invest Rs.100 crore in Bengaluru over next three years
CorporatEdge plans to invest Rs. 100 crore in Bengaluru over the next three years, launching six new centres. This expansion aims to meet the growing demand for flexible and experience-driven workspaces in the top-performing office market. The company targets 55 centres across 10 cities by 2029-30.
8th pay commission: The government has announced 8th pay commission will be effective from January 1, 2026. However this does not mean the commission itself will be formed on this date. This means the commission will be formed much earlier and it will submit its report and this report will be effective from January 1, 2026 if the government accepts it. This is a very long process.
The event also witnessed the launch of the much-awaited two-day Business fest AMEYA'25 by the Chief Guest Mr Ruhbir Singh. AMEYA'25, the Management Mavericks' Meet will hold numerous formal and informal events, ranging from Business Development to PR and Entrepreneurship, with a prize pool of Rs 1.75 Lakh. The Fest will welcome students and participants from management colleges and universities from Vijayawada and Guntur. The event concluded with the felicitation of the esteemed and dignitaries and a vote of thanks from Dr A Lakshmana Rao, Head of the Commerce Department.
Pre-approved personal loans: What are these, their benefits, and how to get one?
A pre-approved personal loan offers benefits like low interest rates, no documentation, instant disbursement, etc. You should maintain a good credit score and low DTI ratio to get pre-approved personal loan offers and make the most of them.
6 credit score myths you need to stop believing to protect your money
It is important to understand and know about credit scores. So that one is financially healthy in India. Still, there are a few myths when it comes to credit scores which will end up costing you money.
MF Tracker: Should you consider Parag Parikh Flexi Cap Fund in this volatile market?
Parag Parikh Flexi Cap Fund continues to outperform its benchmark and category averages with strong returns over various horizons, despite recent challenges due to reduced overseas exposure. Experts recommend caution and suggest considering alternative flexi cap funds with more diversified portfolios, such as HDFC Flexi Cap Fund.
Nomura has kept a 'Buy' rating on Axis Bank, highlighting its attractive valuations and strong RoA/RoE outlook, with a target price of Rs 1,230, implying a 20% upside.
India braces for big impact as Trumps steel tariffs threaten to worsen glut of metal in Asia
India and Vietnam, fast-growing Asian steel producers, may suffer if President Trump enforces 25% tariffs on all US steel imports from March 12. This US protectionist move could intensify global steel tensions, potentially diverting steel to oversupplied markets and causing prices to drop further. Investors are anxiously awaiting the finalization of these tariffs.
Banks offering greater proportion of green loans have stronger financial stability: IIM research
Research from the Indian Institute of Management, Lucknow, highlights that banks with a higher proportion of green loans see improved long-term financial stability. The study, focused on the Indian banking sector, emphasizes the need for regulatory support to promote sustainable, non-carbon-intensive lending practices.
Best banking & PSU mutual funds to invest in February 2025
Mutual fund advisors say banking & PSU mutual funds are relatively safe because these schemes invest only in bonds and papers of banks and public sector companies. Since most of these entities are government-backed, they dont have the credit risk.
New India Coop Bank embezzlement: Ex-GM would phone staffers to take cash out from safes, say cops
Hitesh Mehta, ex-general manager of New India Coop Bank, allegedly directed staff to hand over large sums of money to his associates, leading to a Rs 122 crore embezzlement. The Economic Offences Wing is investigating the case after an RBI inspection revealed the discrepancy. Statements from bank staff and auditors are being recorded to ascertain the details.
Cipla Share Price Live Updates: Cipla's Current Trading Insights
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Hindalco Share Price Live Updates: Hindalco's Volume Performance
5 ways senior citizens can reduce their health insurance premium
Having an affordable post-retirement healthcare insurance plan is crucial for senior citizens. By starting their health insurance early, opting for family floater plans, and leveraging preventive healthcare incentives, senior citizens can ensure that their premium outgo on health insurance policies does not rise substantially and that they continue to have adequate coverage to meet all the health-related challenges that come with increasing age.
