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PFRDA releases revised NPS charges for PoPs; here are the details
Point of Presence (PoPs) are entities appointed by the PFRDA to provide services to all the citizens of India to open and operate their NPS accounts.
ICICI Bank Savings Account: Top changes in tariffs to be valid from May. Check details
ICICI Bank offers customers a range of savings accounts, from basic to premium, based on their specific requirements. With these savings accounts, customers can bank from anywhere and at any time.
Japan's Sharp plans to set up $3-5 billion display fab semiconductor unit in India
Sharp is currently exploring potential locations for the manufacturing setup and has been in talks with state governments in Telangana, Gujarat, and Maharashtra. The company has also expressed its intention to establish the factory in India as a global manufacturing hub, serving key markets worldwide.
NPS investors must know about these latest NPS charges; PFRDA releases full list
National Pension Scheme (NPS): In a master circular dated April 25, 2024 the Pension Fund Regulatory and Development Authority (PFRDA) has specified the charges applicable for point of presence (PoP) under NPS. The full list of all the applicable charges including the maximum and minimum applicable charges can be found here.
Bima Trinity: IRDAI may peg Bima Vistaar at Rs 1,500 per individual
Bima Vistaar will include life cover with a premium of Rs 820, health cover at Rs 500, personal accident cover at Rs 100 and property cover at Rs 80.
NPS assets surge 27.85% y-o-y till April 20, non-government sector grows 39%: Report
The non-government sector, which is corporates and retail, saw a 38.88 per cent year-on-year growth in its NPS assets to Rs 2.27 lakh Crore.
Apollo 24/7 secures Rs 2,475 cr investment and 12.1% Advent stake in mega merger with Keimed
The combined entity is valued at Rs 22,481 crore, positioning it as a leading retail health company in India. The merger aims to deliver substantial industry benefits and a pan-India presence, enhancing access to genuine medicines for 1.4 billion Indians within 24 hours.
Tortured Poets Department: 5 valuable money lessons from Taylor Swifts new album
Taylor Swift's new album Tortured Poets Department is a hit among fans. Smart investors can learn from her songs about heartbreak and resilience. Having a backup plan is crucial in the financial world, just like knowing when to move on from bad investments.
S&P 500 Q1 earnings estimated growth improves; stocks up for week
S&P 500 year-over-year earnings growth for the first quarter of 2024 is now seen at 5.6%, according to LSEG data on Friday. That is up from 4.3% the day before.
Wall Street Week Ahead: Lofty US stocks leave investors punishing earnings disappointments
Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5% pullback of the year. The S&P 500 is up about 7% in 2024 and some 24% since late October.
Wall Street Humbled as Fast-Reversing Markets Confound the Pros
With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the music in markets was fading, and said it was time to get over the likes of the Magnificent Seven.
Apollo Health to open 70 new diagnostic labs, to double down on clinic network
Apollo Health offers a comprehensive range of diagnostic services, from basic tests to specialised and super-specialised genetic testing. With over 100 labs currently, Apollo Health plans to add approximately 70 more labs in the next 12 to 18 months.
RBI shares guidelines norms for voluntary conversion of SFBs into universal banks
The central bank has said the SFBs aspiring to become a universal bank need to have scheduled status with a satisfactory track record of performance for a minimum period of five years.
Consumer spending on mobile services soared in October-December, driven by World Cup
Consumer spending (after GST) on mobile services rose 2.5% sequentially to around Rs 54,750 crore during the period the third quarter of FY24 as per the latest sector performance data released by Trai. In the fiscal second quarter, this growth was 1.84%. Spending on data was Rs 47,560.3 crore, up 3.4% from the previous quarter when the sequential growth was 3%.
Public sector banks may get legal teeth on issuing lookout circulars
This follows a decision by the Bombay High Court earlier this week that said public sector banks (PSBs) dont have the power to recommend, or ask, the central government for the issuance of LOCs against defaulting borrowers.
INOXGFL plans to invest Rs 20,000 cr in green energy, chemicals business
The group operates in two broader segments-chemicals and renewables-comprising fluoropolymers, fluorochemicals, solar, green hydrogen and wind energy. Of the total planned investment, 60-65% is likely to go towards renewable energy addition, Jain said.
Demat Account: 10 crucial things you should keep in mind as a beginner
When opening a demat account, consider factors like broker reputation, account opening charges, and AMC. Choose brokers with intuitive trading platforms and research tools. Evaluate brokerage fees, customer support, account features, and security measures.
Home Loans: Top 5 banks including HDFC, SBI with lowest rates of interest check full list
HDFC Bank charges interest rate on its home loan in the range of 9.4 to 9.95 percent per annum. SBI charges a rate that hovers between 9.15 percent and 9.75 percent based on the borrowers CIBIL score.
RBI releases draft regulation for web aggregation of loan products in digital lending
The RBI said banks and NBFCs should ensure that their LSPs provide a so-called digital view of all the loan offers available to the borrower from all the willing lenders that the LSP has arrangements with.
Demat Account: What is loan against securities and what are its benefits?
A loan against your demat shares allows you to obtain credit by using your shares as collateral. This enables you to leverage your investments without having to sell your shares to access the capital. The loan requires no additional collateral beyond the shares already held in your demat account.
HCL Tech Q4 Results: PAT rises marginally to Rs 3,995 crore, misses estimates
HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.
Delhi HC asks DGCA to deregister aircraft of Go First airline lessors in 5 working days
The court ordered that all maintenance tasks in respect of the aircraft shall be undertaken by the lessors and all of their authorized representatives up to and until the time the aircraft are de-registered and exported, in pursuance of Rule 32A of the Aircraft Rules.
4 fixed income sources every Gen Z needs for stability
Gen Z faces financial uncertainty due to global crises, student debt, and rising costs. A fixed income helps in budgeting, credit building, and planning for the future, empowering them to pursue long-term goals.
Lodha to continue growing portfolio, aims to add 21,000 cr projects in FY25
Lodha, a leading realty developer, anticipates expanding its project portfolio and achieving higher pre-sales in FY 2024-25, buoyed by a robust housing market outlook. With a projected addition of projects worth over Rs 21,000 crore, the company aims to build upon its previous year's success. Lodha's strong operating cash flow and low leverage position it well to capitalize on market opportunities.
Demat Account: What is futures trading and how does it work? MintGenie explains
To trade futures, ensure your demat account is enabled, understand futures contracts and margin requirements, choose a brokerage platform, fund your trading account, place orders according to your strategy, monitor positions closely, and be aware of the risk of capital loss.
Kotak Mahindra Bank faces setback in credit card growth, profitability due to RBIs curbs: S&P Global
The global ratings agency said the curb will not materially affect Kotak Banks ratings (BBB-/Stable/A-3) as credit cards make up a small (4 per cent of total loans) portion of the portfolio.
Stock market update: Nifty Pharma index advances 0.62%
The Nifty Pharma index closed 0.62 per cent up at 18994.65.
Gold, silver price on April 26: Yellow metal finds stability around Rs 70,700 in MCX
The US economic data for Q1 2024, including an annualised 1.6% expansion and a surge of 3.7% in the core PCE price index, has significant implications for gold prices.
How to consolidate multiple demat accounts? Here's a step-by-step guide
Consolidating your demat accounts involves a straightforward process, provided your shares are unencumbered and you have settled any outstanding payments to your broker.
Best mid-cap funds in 3 years: 5 schemes with up to 26.6% returns
Big banks like Yes Bank, ICICI Bank have revised their savings account charges and some credit card rules with effect from May 1, 2024. Let us take a look at all the money changes that will come into effect in May 2024.
Yes Bank Q4 Result Preview: Strong PAT growth likely even as NIIs may may fall 3% YoY
Yes Bank Q4 Result Preview: Yes Bank is projected to announce a net profit ranging from Rs 252 crore to Rs 427 crore for the quarter ending March 31, 2024, as per estimates by three brokerages. This represents a significant year-on-year (YoY) increase of 24% to 111%
PAN-Aadhaar linking: Tax Department defers penalty on TDS till May 31. Here is how to link both
Providing relief to those taxpayers who failed to link their PAN and Aadhaar by the June 30, 2023 deadline, the Tax Department has relaxed the deadline for imposing penalties and no action will be taken for a short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31
Shriram Finance Q4 Results: PAT jumps 49% YoY to Rs 1,946 crore, NII rises 20%
The NBFC announced a final dividend of Rs 15 per share which will be paid to eligible shareholders before August 28.
CIBIL: Applying for an unsecured loan? These are the credit score requirements
While your CIBIL score is a key factor in determining your eligibility for an unsecured loan, banks consider other aspects of your financial profile as well such as your income, employment stability, existing debt obligations, and overall credit history.
Almost 50% population have PAN, gap between male & female closing: Income Tax dept data
The latest data showed that the gap between the number of male and female PAN holders still exists, but it is fast closing. As on March 31, 2024, 42.10 crore males have PAN cards vs 31.05 crore females.
SBI Card shares down 2.01% as Nifty drops
A total of 77,912 shares changed hands on the counter till 01:43PM (IST).
Demat account: From opening to transactions, here aredemataccount charges you must know
Step-by-step guide on creating an online will
Top 10 equity mutual funds with highest portfolio turnover ratio in March
Mutual fund investment on hold for KYC? Know who can do re-KYC online and who has to do it offline
Sebi initiated this action due to revisions in the list of officially accepted documents (OVD). Previously, bank statements and bills were acceptable for mutual fund accounts, but they no longer hold validity.
Shree Cements shares up 0.99% as Sensex falls
A total of 267 shares changed hands on the counter till 12:37PM (IST)
CIBIL: How do personal loans affect your credit score?
Merely taking personal loan is not a positive move for the credit score; it can be good or bad depending on how you manage its repayment.
Which is a better investment: Gold mutual funds or gold ETFs?
You can always fall back on your gold investments in your darkest movements. With gold purchases through the web being now easy and available, you have to just choose between the various investment options after considering myriad factors.
MF central: Manage accounts with multiple fund houses at one unified platform; Here's how
Holding a number of mutual funds in a number of AMCs is not uncommon. It is, therefore, vital to manage all accounts with ease and comfort
HDFC Mutual Fund launches Manufacturing Fund. Key things to know
Mphasis, Muthoot Finance among 5 stocks with long buildup
Tech Mahindra shares zoom 10% as strong FY27 vision overshadows weak Q4 numbers
Tech Mahindra's shares surge despite profit drop, backed by new CEO's growth strategy. Analysts cautious yet optimistic about the company's future performance and turnaround plan.
Buy Laurus Labs, target price Rs 480: Motilal Oswal
Laurus Labs Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 23412.68 Crore) operating in Pharmaceuticals sector.
Buy Macrotech Developers, target price Rs 1415: Motilal Oswal
Macrotech Developers Ltd. key Products/Revenue Segments include Property Development, Land Development Rights, Other Operating Revenue, Rental Income and Building Materials for the year ending 31-Mar-2023.
5 ways Gen-Z investors can turbocharge their wealth planning
Gen Z is revolutionising investing with a focus on financial independence and innovation. Setting clear financial goals and seeking professional advice can help navigate the investment journey with confidence.
$1.3 billion gone! Uday Kotak sees his wealth dip the most in 4 years after RBI torpedo
Due to a heavy selloff post the RBI directive, the banks founder Uday Kotak, the largest shareholder with a stake of almost 26%, saw his wealth decline by $1.3 billion.
Vedanta demerger likely to get nod from lenders by May end
Mumbai-listed Vedanta had announced a demerger in September last year. It intends to form six companies, each of which will house its different businesses - aluminium, power, oil and gas, base metals and steel. Goel reiterated that the demerger is on track to be concluded by the end of the calendar year.
Market Trading Guide: TVS Motor, JSW Steel among 5 stock recommendations for Friday
The S&P BSE Sensex closed 0.66% higher at 74,339, while the NSE Nifty50 index ended above the 22,550 level.
CBDT extends due date for filing Form 10A/10AB for charitable and religious trusts up to June 30
The tax department had earlier extended the due date for filing Form 10A/ Form 10AB till September 30, 2023.
Domestic carrier IndiGo orders 30 Firm Airbus A350-900 widebody aircraft
Low-cost carrier IndiGo expects deliveries of the A350s to start from 2027 and said that the new aircraft would use Rolls Royce's Trent XWB engines.
EPF passbook: This is how you can access your account details in 9 regional languages
The default language of EPF account details is English. So when you send the SMS, you will receive the information in the native language of Brits unless you categorically ask for in a regional language.
Demat Accounts: How to invest in ETFs? A step-by-step guide
Similar to traditional MFs, ETFs consist of a basket of securities that provide investors exposure to a variety of assets.
These six equity mutual funds delivered over 30% returns in five years
Around 186 equity mutual funds have completed five years in the market.
The Reserve Bank of India (RBI) barred Kotak Mahindra Bank from onboarding new customers through online and mobile banking channels. The regulator also put restrictions on the private sector bank on issuing new credit cards. Should the customers of Kotak 811 worry about their accounts? Can Kotak Mahindra Bank customers renew their credit cards now? ET Wealth Online explains.
Stock market update: Nifty Auto index advances 1.27%
The Nifty Auto index closed 1.27 per cent up at 22174.05.
HAL and Tata Steel among 10 stocks that saw highest number of shareholder addition
Gold, silver price on April 25: Yellow metal in tight range, hovering around Rs 71,000
Bullion also witnessed a drop in the past few trading sessions as easing tensions over a war between Iran and Israel sapped away safe-haven demand.
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 40 stocks closed in the green, while 10 stocks ended in the red.
What is moratorium period in health insurance?
Moratorium period is also referred to as the look-back period in insurance. This is a safeguard clause built-in for the policyholders.
Paytm new UPI ids: Here's how to activate new ids on Paytm app after merchant migration
On April 17, One97 Communications Limited (OCL), which runs Paytm, started the customer migration to partner with payment service provider (PSP) banks Axis Bank, HDFC Bank, SBI and Yes Bank.
Private companies investing in employee benefits despite tight budgets, rising premiums: Report
Premiums on benefit plans are expected to increase by 11% this year because medical inflation does not make things easier, a report on 'The State of Employee Benefits 2024' launched by Plum, an insurtech platform, said.
CIBIL score: What are the consequences of having no credit history?
If a borrower has no credit score or history, banks may consider him/her as a higher risk borrower since they have no past data to evaluate their creditworthiness.
Building your FY 2025 portfolio? Here are 5 real estate investment options
Real estate in India remains a top investment choice in 2023, driven by economic growth and high asset allocation by Indian households. The article discusses diverse investment options like luxury rentals, second homes, ETFs, REITs, and fractional ownership.
Fading NRI dream: Will your foreign salary sustain the cost of living abroad?
Mutual Funds, Stock Market to Public Provident Fund: Top five investments that can make you rich
Top 5 investments that can make you rich: On National Financial Awareness Day, consider investments like stocks, and mutual funds, among others for solid returns
Just yesterday, there was a news report which suggested that the French government is planning to block the sale of a French generic drug maker and two Indian pharma companies were in fray to buy it. Now it might just appear to be another news, but probably it signals more than it. It is after years of being bogged down by US FDA and other issues of shrinking margins, The move indicates that at least some of them have reached a point where they can again think of inorganic growth to boost growth. There are others who instead of looking for expansion outside India, have been buying products and brands from MNC players. Then there is a third set of companies, which might not look at inorganic acquisition but only look for organic growth and enter new markets and segments. In all conditions, one thing is clear that the condition of the Indian pharma companies is much better than what it was 5 years ago. As the learning of the last decade and debacles get implemented, does it increase the probability of them getting re-rated on a sustained basis?
CIBIL: How to improve your credit score with a mortgage loan?
Making regular mortgage payments demonstrates to credit bureaus that you are a responsible borrower. This positive payment history can have a significant impact on improving your credit score.
Syngenes biologics division expands amid Q4 downturn, expects strong revenue growth ahead
Company cites moderated performance in Q3 and Q4 leading to a slower latter half
How a wealth manager can help you reach financial independence
Wealth managers are instrumental in helping articulate financial goals, setting realistic targets, and crafting a tailored financial plan that aligns with both your personal aspirations and financial circumstances.
Considering taking a personal loan? 3 essential things to keep in mind before applying for one
Personal loan terms and conditions can differ among lenders, yet several essential factors are worth considering.
Malware links received through SMS: What SBI customers should know
Malware links received through SMS: What SBI customers should know
The total length of national highways in the country has increased by over 60% to 146,145 km in FY23 from 91,287 km in FY14.
ICICI Pru Life shares drop 1.7% as Sensex rises
The stock quoted a 52-week high of Rs 640.8 and a 52-week low of Rs 420.1.
What should one do to reach a Rs 1 crore wealth creation goal in 10 years? Here's the hack
For any investors, understanding the investment horizon, risk tolerance, and financial goals is paramount before following any investment strategy.
Bajaj Finance Q4 results today: Stock drops 3% ahead of announcement
Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.
Tube Investments shares fall 0.85 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 49.04 on Thursday.
HCL Tech Q4 Preview: Revenue may rise, but PAT seen declining; all eyes on FY25 guidance
Cons revenue is expected to rise 0.5% sequentially and 7.5% YoY to Rs 28,599 crore, according to the average of estimates of 10 brokerages. Cons net profit is likely to fall 6% sequentially but rise by 2.8% YoY to Rs 4,094 crore.
Pidilite Ind stock price down 0.83 per cent as Sensex climbs
As of 31-Mar-2024, promoters held 68.58 per cent stake in the company, while FIIs held 11.31 per cent and domestic institutional investors had 3.6 per cent.
5 equity mutual funds deliver over 35% in three years. Do you have any in your portfolio?
How to avoid high interest rates on personal loans? Here are 8 ways
There are numerous ways to address personal loans and decrease the overall interest you pay on them.
Nikhil Kamath supported an inheritance tax in India in his video, advocating for wealth redistribution. At present, inherited assets in India remain untaxed due to the abolished inheritance tax. In his recent comments, Sam Pitroda supported inheritance tax law in India inspired by the US.
Share price of SBI Card jumps as Sensex gains 106.26 points
A total of 72,813 shares changed hands on the counter till 10:45AM (IST)
Hyundai Motor Q1 Results: Profit drops 2.4%, beats forecasts
The world's No.3 automaker by sales along with affiliate Kia Corp reported net profit of 3.2 trillion won ($2.32 billion) for the January-March period, down from 3.3 trillion won a year earlier.
'FPO marks start of Voda Idea 2.0': Kumar Mangalam Birla says India deserves 3 telecom players
Shares of Vodafone Idea rebounded more than 11 per cent in the trading session on Thursday after the FPO. The stock kicked-off trading session at Rs 11.80 but hit Rs 13.10 within a few minutes.
