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Mutual Funds: To accumulate 1 crore in the next 10 years, you must invest 43,470.95 every month in mutual funds via a systematic investment plan, assuming a 12% annual rate of return.
There are half a dozen mid-cap mutual funds that have delivered over 25% annualised returns in the past three years. A CAGR return of 25% over three years implies that an investment of 1 lakh would have grown to 1.95 lakh.
CBDT sent messages and emails starting 28 November to taxpayers, urging them to revise their income tax returns (ITRs) before the 31 December deadline by disclosing their foreign income and assets
A common trick fraudsters use to dupe credit card customers is to offer credit enhancement. Under the pretext, it is easy to convince people to share their card number, CVV, expiry date and even the OTP.
According to estimates from Wood Mackenzie, Indias solar module manufacturing capacity will exceed 125GW by 2025, which is more than three times its domestic demand. The pain of oversupply could force consolidation, separating the men from the boys.
India's aviation regulator is probing Air India for flying an Airbus A320 without a valid Airworthiness Review Certificate. The airline has acknowledged the error, suspended eight employees, and initiated an internal investigation.
By accepting a rose fragrance on tyres as a trademark, India has entered the era of sensory IP protection. But who stands to gain?
Higher margins on these products are only part of the reason.
Music labels are leveraging AI to enhance content catalogues, creating videos for audio tracks without visuals. This approach reduces costs by up to 70% and aims to maximize reach on platforms like YouTube, while ensuring the integrity of original art is maintained.
India's push for e-ambulances under the PM E-drive scheme highlights the urgent need for localized production of critical components. Experts believe that this initiative will not only enhance service efficiency but also strengthen the domestic supply chain.
Recent tribunal rulings say NRIs in select treaty countries can pay capital gains tax only where they live making Indian mutual fund redemptions potentially tax-free if documents are in place.
Warren Buffetts former daughter-in-law, Mary Buffett in an old interview mentioned that the Berkshire Hathaway Chairman used to give all family members $10,000 as Christmas gifts.
For credit card application approval or rejection, in addition to the credit score, a banks eligibility checks typically include the city of residence, employment status, minimum income, age, and residential status, among other factors.
The Centre's order to pre-install the Sanchar Saathi cybersecurity app on mobile devices triggered pushback from various quarters, bringing to the fore a key question: Can this application meaningfully crack down on digital scams in India?
Two months rent as security deposit, the landlord must give 24 hours' prior notice to inspect the property and cannot enter before sunrise or after sunset
Investors often assume that adding a multi-asset fund equals instant diversification. But unless the allocation is meaningful, the exposure to each asset may be too small to make any real difference.
Bank Holiday Today, 3 December: Banks in Goa will remain shut on 3 December to observe the feast of St. Francis Xavier, which is the death anniversary of the saint.
An occupancy certificate is one of the most important documents to be verified at the time of buying a property
Chinese workers currently receive six-month visas, after which they must return home and wait for some months before returning.
Floating-rate loans are repriced immediately, while deposit rates are fixed, squeezing margins, public sector bank chiefs told RBI officials ahead of the 5 December policy outcome.
The reaffirmation, according to the Moody's, reflects the bank's robust financial position, which is underpinned by a diversified loan portfolio and above-industry-average profitability.
Despite 67.5 GW bid out since April 2023, delays in signing power purchase and sale agreements threaten Indias 2030 renewable targets.
World Cup-winning Indian women's cricket team skipper Harmanpreet Kaur says she is happy to be the first customer of PNB RuPay Metal Credit Card Luxura.
Grievances against the banks comprised the largest portion, accounting for 81% of complaints received. This was followed by NBFCs accounting for 14.80% of complaints received during FY 2024-25.
Income Tax: There are certain scenarios in which you can file a revised return, but these do not include the filing of a return after an inquiry notice by the assessing officer under section 142(1).
AadhaarUAN seeding: There will be no further extension for mandatory Aadhaar seeding with UAN for filing of ECR (Electronic Challan cum Return), announced EPFO via circular dated 1 December
Total UPI transactions witnessed a 22% year-on-year rise in volume terms, reaching 26.32 lakh crore in November.
Companies are offering deferred pay, joining bonuses, clawbacks, and stock options to attract IIT graduatesbut will it be enough to keep them?
A credit score is shaped by payment history, credit utilisation, credit mix and inquiries, with disciplined borrowing and timely repayments helping maintain strong creditworthiness in todays expanding credit-driven economy.
Urban youth-centric films are popular but multiplex chains like PVR Inox reported a dip in spend-per-head due to high F&B prices. Family-friendly films drive higher concession sales, indicating a need for diverse programming.
HSBC is offering a 40% bonus for the transfer of credit card reward points to the Marriott Bonvoy program. The offer applies to 5 HSBC credit cards, is valid for a month, and the bonus Marriott Bonvoy points are capped at 2,00,000 per customer.
Rural lending is crucial for India's growth, as improved infrastructure and entrepreneurship thrive in these areas.
The Union government is finalising a new model concession agreement for build-operate-transfer toll highways that will allow it to reclaim stretches of road once traffic touches a predetermined limit. Whats the rationale behind this?
Indian tax laws treat marriage and divorce as significant events affecting tax liability. Gifts received during marriage are exempt up to Rs. 50,000. Alimony taxation varies, with lump sum payments considered capital receipts while periodic payments are taxable.
An individual whose total tax liability from non-salary income exceeds 10,000 after accounting for TDS and TCS must pay advance in four instalments. Heres how it works
Early investing during high-income, low-responsibility years builds the compounding base families rely on later. How couples can preserve discipline as income patterns shift with marriage and kids.
WhatsApp chats have become a common source of evidence in income-tax investigations. However, recent ITAT rulings indicate that such messages require independent corroboration to be deemed valid, as courts emphasize the need for solid evidence over mere speculation.
Paying a credit card bill with another credit card is mostly restricted, but balance transfers offer a safe alternative while cash advances carry high fees and interest for cardholders.
The event will be positioned as a sequel to the 2018 MOVE Summit that was inaugurated by Prime Minister Narendra Modi.
The industrys return to its long-term growth range of 8-10% next fiscal year will depend on whether exports sustain the current momentum and domestic demand strengthens from this years weak base, Crisil said
RBI deputy governor Swaminathan J. urges lenders to gain a deep understanding of the technology, control environment, and the concentration risk that arises when they depend on the same provider.
During the Winter session of Parliament, Finance Minister Nirmala Sitharaman introduced Bills to impose a cess on tobacco and tobacco products.
Under Indian income tax law, a transfer of property between specified relatives qualifies as an exempt transfer and therefore does not trigger capital gains tax for the sender.
Metrics such as total time spent by users on a platform, time spent per session, content completion rates, and user interactions, including likes, comments, and shares, get priority plateauing paid subscriber growth.
Mahavatar Narsimha, an animated mythological film, grossed 300 crore without marketing, marking a shift in India's animation landscape.
Sebi's move to lower mutual fund costs could help investors grow long-term wealth with smaller fees.
India plans new PSB mergers to create global-sized banks to fund major projects. Success depends on balancing scale against the heightened systemic risk of concentrated power.
A strong credit score reduces credit card costs by securing lower interest rates, higher limits and better offers while poor scores increase borrowing risks, making responsible credit behaviour essential.
Many people with disabilities are unable to access financial services because their conditions prevent them from completing electronic know-your-customer procedures. There's plenty that needs to be done to resolve this, experts say.
The Union heavy industries ministry is weighing extensions and easier localization norms for the beneficiaries of the 18,100-crore PLI-ACC scheme that was announced in 2021.

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