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Business / Live Mint

South Indian stars lead the way with pay cuts

Tamil movie actor Vijay Antony has announced a 25% pay cut for three upcoming films, Tamizharasan for FEFSI Shiva, Agni Siragugal for Amma Creations T. Siva, and Khaki for director Senthil Kumar

12 Jul 2020 11:15 pm
Q1 earnings may be muted for banking sector

Moderation in credit growth and stable net interest margin will keep performance muted, according to Philip Capital

12 Jul 2020 10:52 pm
Heres how students can ease their education loan worries

For students and recent graduates, repayment of their education loans has become a big problem.Due to the pandemic, RBI announced a moratorium for all term loans, incl education loans, If a relative has a home loan, it could be a good idea to take a top-up on it, use it to repay the education loan

12 Jul 2020 10:03 pm
Exemption for leave travel allowance will not be available if you opt for the new tax regime

Accumulated PF balance due and payable to the employee i.e. balance to his credit on the date of cessation of his employment, is exempt from tax if he has rendered continuous service for a period of five years or more

12 Jul 2020 10:02 pm
Moratorium on education loan comes at a cost

A moratorium is a period during which the borrower doesnt need to repay the loan

12 Jul 2020 10:02 pm
What a personal loan costs you

Here are some personal loan rates and other costs of the top private and public sector banks in India

12 Jul 2020 10:02 pm
Trai blocks Airtel, Vodafone Ideas premium plans on violation of service norms

Bharti Airtel on 6 July had announced faster 4G data speeds for all its Platinum customers - postpaid users paying 499 or above

12 Jul 2020 9:53 pm
CBDT launches tool for banks to ascertain TDS applicability rates on cash withdrawals

Now, the bank/post office has to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.In case of non-filer of ITR, TDS is deductible at the rate 2% if cash withdrawal exceeds 20 lakh and at the rate of 5% if it exceeds 1 crore

12 Jul 2020 8:36 pm
FMCG sales in fast lane in rural areas; hygiene, immunity products in demand

Largely due to the fact that lockdown has been less intense in rural India than in urban areas, rural sales have been growing much ahead of urban, performing better than the pre-COVID days

12 Jul 2020 6:36 pm
Tomato prices rise to 70/kg in Delhi

Prices have firmed up 10 per kg on a weekly basis since June 1, not only in the unorganised retail markets in Delhi, but also at Safal retail vegetable outlets of Mother Dairy and retailers Bigbasket and Grofers

12 Jul 2020 6:33 pm
Zee co-creates campaign with Maggi, Amul as new episodes of TV shows return

The campaign, which was also promoted on social media, is part of the network's larger comeback multimedia campaign 'Banegi Baat Saath Saath which caters to its consumer, partners and distributors

12 Jul 2020 6:19 pm
EDF, McKinsey, BCG, Deloitte among others eyeing Indias global power grid plans

The whos who of consulting and electricity sector are interested in participating in a request for proposal called by the new and renewable energy ministry to develop a long-term roadmap for the One Sun One World One Grid that comprises a technical and financial proposal

12 Jul 2020 3:37 pm
Eight shortlisted for RBI deputy governor post; interview on July 23

Earlier this year, the government extended Kanungo's tenure by a year with effect from April 3, 2020.At present, the RBI has three deputy governors -- B P Kanungo, M K Jain and Michael Debabrata Patra

12 Jul 2020 1:48 pm
Delhi sees over 23,000 vehicle registrations in June, up from 8,455 a month ago

Official data shows the registrations in June included 18,741 two-wheelers(motorcycles and scooters) and 4,755 four-wheelers.The situation is still far from what it used to be before covid-19

12 Jul 2020 1:31 pm
Thermal coal imports at major ports decline 35% to 17.71 MT in April-June: IPA

Impacted by the covid-19 pandemic, coking coal imports too witnessed a decline 28.49% to 10.69 MT in the quarter.Cargo handled by the country's major ports declined by 19.68% to 141.92 MT in the first quarter of this fiscal

12 Jul 2020 11:10 am
Rekha's bungalow sealed after staff tests positive for coronavirus

Located in Mumbai's Bandra area, the 'Umrao Jaan' actor's bungalow falls under BMC's M west ward.BMC has also put a board outside the premises declaring the place as a containment area

12 Jul 2020 10:03 am
Gold prices up 25% this year. Should you invest in multi-asset mutual funds?

Multi asset allocation mutual fund is an open ended hybrid fund investing in the three different asset classes with a minimum allocation of at least 10%.The gold allocation in portfolio of multi asset allocation funds ranges between 10% and 28%.

12 Jul 2020 8:43 am
Film industry wishes speedy recovery for Big B, son Abhishek after they test covid-19 positive

Abhishek Bachchan, 44, said both his father and he had had mild symptoms and requested everybody to be calm and not panic.The Bachchans, who are at Nanavati Hospital, shared their health update on Twitter

12 Jul 2020 5:51 am
PNB Housing Finance to seek shareholders' nod to raise up to 45,000 cr

Shareholders are being requested to authorise the board of directors to offer, from time to time, the subscription of redeemable, secured/unsecured NCDs aggregating up to 45,000 crore in one or more tranches, PNB Housing Finance said in a regulatory filing

11 Jul 2020 8:42 pm
FICCI Frames: Piyush Goyal expresses concern over 'unregulated' OTT platforms

At valedictory session of FICCI Frames, Commerce Minister says content on OTT platforms 'is sometimes objectionable, contains misinformation, portrays poorly our country and society, and is just not worth watching with family'.Goyal calls for developing Indian film and advertisement industries to become major global players

11 Jul 2020 7:38 pm
'Signs of normalcy': RBI Governor on Covid impact on economy, pandemic 'test'

Shaktikanta Das, Governor of the Reserve Bank of India, commented on the impact of the Covid-19 pandemic on the Indian economy. Delivering the keynote address at the 7th State Bank of India Banking and Economics Conclave, Das said that the Indian economy was showing signs of returning to normalcy as gradual easing of restrictions took place. Listing the central bank's efforts to boost recovery, he said that liquidity measures by RBI amounted to 9.57 lakh crore, or 4.7% of the 2019-20 nominal GDP

11 Jul 2020 5:50 pm
Compare the premiums of Corona Kavach policy

Corona Kavach policy will pay for PPEs, gloves, masks and other similar expenses related to covid-19 treatment

11 Jul 2020 1:25 pm
Soon, you can invest in NPS through SIP facility

SIP in NPS will work just like SIP in mutual funds.SIP in mutual funds is a great way to invest for retail investors

11 Jul 2020 1:14 pm
RBI calls for setting up resolution corporation for failed financial firms

The governor also said the pandemic will result in higher non-performing assets and capital erosion of banks, and stressed on the need to raise capital by both banks and NBFCs

11 Jul 2020 1:07 pm
Bank FD laddering technique: How to avoid premature withdrawal from fixed deposits

Bank FD Laddering is a better way to manage liquidity.It also averages out your interest income

11 Jul 2020 11:23 am
Facebook mulls political-ad blackout ahead of US election

A halt on political ads could defend against misleading election-related content spreading as people prepare to vote

11 Jul 2020 7:22 am
State governments go slow on infra spending

Many states have postponed tendering for new projects, while several ongoing projects are facing delays

10 Jul 2020 11:02 pm
Parle, Amul, Ghadi in top brands list

For the study, the research agency considered 575 brands across food, homecare, health, beverages and dairy

10 Jul 2020 10:46 pm
Small non-bank lenders turn wary of extending new wholesale loans

Banks are more comfortable lending to retail NBFCs but cagey with regard to smaller ones, said experts

10 Jul 2020 10:36 pm
Kotak Mahindra Bank to be mindful of firms with high leverage: Uday Kotak

The financial sector is in the middle of a storm and all the boats will have to navigate rough seas, says Kotak

10 Jul 2020 10:28 pm
Trai says declining landline subscriber base a concern

Mukesh Ambanis telecom major Reliance Jio Infocomm Ltd is trying to make inroads in this untapped fixed-line segment with Jio Fibre launched last year, which includes both landline and fibre-based broadband services.

10 Jul 2020 9:27 pm
Govt on track to doubling farmers' income by 2024: Agriculture ministry

The recent reforms, including 3 ordinances to provide barrier-free trading platforms to farmers, are aimed at addressing the post-production challenges and ensuring better returns to farmers, said a top official

10 Jul 2020 8:48 pm
FMCG sector to grow 4-5% in 2020: Kantar

Rural markets will grow slightly more than urban areas this year as a steady monsoon, reverse migration, and benefits flowing from rural employment schemes will aid spends.Covid prompted households to buy more during every trip to the grocery store even as they reduced their frequency of trips

10 Jul 2020 4:57 pm
India fuel demand continues to recover in June, up 11% over May

Fuel consumption rose 11% to 16.28 million tonnes in June over demand witnessed in the previous month. The demand was, however, 7.8% lower than 17.67 million tonnes consumption in June 2019

10 Jul 2020 4:35 pm
Bank of Maharashtra to raise up to 3,000 cr via equity sale, bond issuance

State-owned Bank of Maharashtra on Friday said its board has approved a proposal to raise up to 3,000 crore through the issuance of equity shares as well as bonds

10 Jul 2020 4:20 pm
Homegrown Parle, Amul, Ghadi among top five most chosen brands in India: Kantar

Ghadi re-entered the list of the top five as a result of a 12% increase in Consumer Reach Points.The other top four brands also saw a spike in their CRPs by 12% to 32%

10 Jul 2020 3:34 pm
Gratitude key theme in brand campaigns

PepsiCo-owned Lays has partnered with brands to thank unsung heroes in its Heartwork campaign.Swiggy paid a musical tribute to delivery partners, risking lives to bring convenience to customers

10 Jul 2020 3:08 pm
Bank of Baroda cuts 1-year MCLR by 5 bps effective 12 July

The revised marginal cost of funds-based lending rate stands at 7.60% as against 7.65% earlier

10 Jul 2020 3:03 pm
Coronavirus still casting a shadow over outlook: IEA on oil demand recovery

Global oil supply dropped to a nine-year low of 86.9 million barrels a day last month as OPEC+ delivered all the curbs it promised, while investment cuts and reduced drilling hit output from the US and Canada

10 Jul 2020 2:40 pm
Union Bank reduces MCLR by 20 bps across tenors

Three-month and six-month MCLRs have been cut to 7.10 per cent and 7.25 per cent, respectively.Another state-run Indian Overseas Bank (IOB) has cut its MCLR by up to 25 bps across tenors

10 Jul 2020 11:59 am
Gold prices up 25% this year. Govt's gold bond closes for subscription today

The issuance date of this tranche of gold bonds has been fixed on July 14.Gold prices have rallied over 25% so far in futures market this year

10 Jul 2020 11:54 am
What does Paytms acquisition mean for Raheja QBEs policyholders?

Paytm already has a broker license and has been selling insurance products through its platform for a while..Insurance is a highly regulated industry and there are regulations put in place by Irdai to protect consumer interest.

10 Jul 2020 11:43 am
How Rewa solar park helped Indias green economy turn a corner

Clean energy projects now account for more than a fifth of Indias installed power generation capacity. India has 34.6 gigawatt of solar power and aims to have 100 GW of such capacity by 2022

10 Jul 2020 9:21 am
Active fund management is still relevant albeit for a different reason

Active funds need to focus on their ability to drive social change, besides giving alpha

9 Jul 2020 11:04 pm
You can withdraw previous PF corpus if current employer doesnt support it

Any income accrued over and above is taxable as income from other sources in the year of accrual

9 Jul 2020 11:04 pm
Hospitals show resistance to standard rates for covid-19 treatment

The General Insurance Council (GIC) has published a schedule of rates for the treatment of covid-19.Hospitals say the package rates are very low and won't cover the cost of treatment

9 Jul 2020 11:48 am
How much tax do you pay on your investment?

The Budget 2020 has not made too many changes to taxes, except the abolition of DDT. Here is a look at the various taxes that apply to some of these instruments under categories

8 Jul 2020 10:18 pm
We are planning to tie up with a new platform for global stock investing: B Gopkumar

Mint spoke to B Gopkumar, managing director and CEO of Axis Securities, to understand investor trends and the brokerages own initiatives in its fee-only advisory as well as tie-ups for international trading

8 Jul 2020 10:04 pm
Check if a home loan switch works for you

Do a cost-benefit analysis by taking into account the costs and the difference in total interest outgo before switching your home loan to another lender.The switching process can be long-drawn as lenders are currently taking time to process documents

8 Jul 2020 10:01 pm
A portfolio should be diversified and well-balanced to suit all your needs

As your corpus grows, you need some stability to your equity-heavy portfolio and that can only come from debt and a small proportion of gold if you like that as a diversifier.

8 Jul 2020 10:01 pm