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Chinese overcapacity is crushing the global steel industry

Governments are stepping in to protect local producers

21 Nov 2024 12:34 pm
UPI 123 Pay: Key changes to come into effect before January 1

Last month, RBI raised the limit of each transaction on UPI 123 from 5,000 to 10,000. NPCI has, therefore, told banks and service providers to follow the new limits before Jan 1 next year

21 Nov 2024 12:15 pm
From Aadhaar-PAN linking to foreign taxation: 5 key income tax services at India International Trade Fair 2024

During the Trade Fair, the Taxpayers' Lounge provides various income tax services, such as help with PAN applications, e-filing, and foreign taxation queries

21 Nov 2024 11:19 am
ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers

The CBDT has released a new circular on condoning delays in filing ITR, replacing previous guidelines, effectiveOctober 1, 2024.

21 Nov 2024 9:34 am
Steelmakers warn of Q3 revenue drop, pin hopes on Q4 rebound

Facing pressure from falling prices and surging imports, Indias top steelmakers expect revenues to drop further in Q3, hoping cost relief and demand recovery will drive a Q4 rebound

21 Nov 2024 5:30 am
Mint Primer: Why Karnataka is placing its bets on a GCC gold rush

Bengaluru is home to the largest number of global capability centres (GCCs) in India. This week, Karnataka became the first state to launch a GCC policy. The idea is to take this momentum to other cities in the southern state that is a tech hub. Mint explains how it will work:

21 Nov 2024 5:00 am
Credit Cards: Can't access an airport lounge? One of these 5 points may explain the reason

Credit Cards: Several cards give access to airport lounges but often times, there are limits to the number of times you can access these lounges within a time frame.

21 Nov 2024 2:34 am
Personal Loan: You may consider borrowing for these 5 reasons. Check list here

Personal loan: It's common to raise a loan for a number of reasons which include, but not restricted to, organising a wedding, buying a luxury item, going on a vacation and getting a house renovated, and buying expensive furniture, et al.

21 Nov 2024 12:54 am
Surrogate advertising via CSR route under CCPAs scrutiny

In response to misleading promotions under CSR, the CCPA is drafting guidelines to define surrogate advertising and prescribe penalties. Companies must prove new products are genuinely available to avoid indirect promotion of banned goods, while genuine brand extensions will remain permissible.

20 Nov 2024 8:27 pm
Balancing risk and reward: A hybrid approach to retirement savings

Considering you have 18 years to retirement, you can consider a combination of BAFs and aggressive hybrid funds to generate better risk-adjusted return.

20 Nov 2024 7:52 pm
Personal Loan: Want to raise 10 lakh? EMI to fluctuate with these two factors; check calculator here

Personal loan: If you want to raise 10 lakh to go on a vacation to the US, your monthly instalment on the loan will depend on the rate of interest that the bank charges and the tenure of repayment

20 Nov 2024 7:11 pm
Smart TVs are becoming India's hottest content hub. But where are the sponsors?

Several Indian creators have released high-quality shows of late to cater to the growing number of smart TV owners. But in the absence of sponsors, many have struggled to recoup their investments. Will the rapid growth of smart TVs help attract more brands and jump-start the creator ecosystem?

20 Nov 2024 5:31 pm
FM bats for rate cut: Should you lock an FD at the current interest rates? Check the latest rates here

In case RBI's six-member core policy committee cuts the repo rate in its Dec meet, the lending rates would follow suit. So would be fixed deposit interest rates. Given all this, depositors are recommended to lock their FDs at the prevailing interest rates

20 Nov 2024 4:22 pm
Pros and cons of personal loans: Is borrowing right for you?

Personal loan: It provide quick access to funds without collateral, making them versatile for various needs. However, they come with high interest rates and strict eligibility requirements. Understanding the pros and cons is essential for making informed financial decisions.

20 Nov 2024 3:57 pm
Personal Loan: What you need to know about processing fees and hidden charges

Personal loan: To make informed financial choices, borrowers must understand the total costs of personal loans, including interest rates and processing fees. Consulting a financial advisor and comparing multiple lender offers can help identify the best deal.

20 Nov 2024 3:41 pm
A fintech startups challenges with Indias vaunted account aggregator framework

India's account aggregator system faces critical gaps three years after it was rolled out, particularly in data sharing among banks and fintech startups.

20 Nov 2024 3:27 pm
After Sachin & Narayana Murthy, RBI Governor seen doling out investing advice in a deep fake video

Deep fake: This is not the first time when fraudsters tried fleecing gullible investors with the aid of a public figure's video. Prior to this, social media has witnessed videos of Sachin Tendulkar, Mukesh Ambani and NR Narayana Murthy doling out investing advice to the public

20 Nov 2024 2:28 pm
Is blockbuster pricing a box office booster or deterrent for films released during big festivals?

Multiplex chains assert that higher rates enhance box office success. Critics highlight potential footfall increases with lower prices. Concerns about affordability persist, especially for families in smaller towns facing steep ticket costs.

20 Nov 2024 2:21 pm
Have you validated your Mutual Fund KYC yet?

KYC validation is crucial for mutual fund investments. An incomplete KYC can hinder new investments and complicate current management. Use your PAN and Aadhaar to validate your KYC for smooth investing.

20 Nov 2024 2:01 pm
48% credit card users solely rely on online shopping; over 80% benefit from e-commerce offers during festive season

Credit card users significantly prefer online shopping during festive sales, with over 48% relying solely on credit cards for online purchases. Discounts and offers on platforms like Amazon and Flipkart, along with cashback options, drive this shift in consumer behavior.

20 Nov 2024 2:00 pm
Planning to retire with an equity-heavy portfolio? History warns against it.

A year or two of poor initial returns wont affect a conservative retirement portfolio. But for an aggressive one, those initial losses will be damaging even if there is a strong recovery in equities.

20 Nov 2024 1:36 pm
Relief for Airtel, Vodafone, Tata Tele as Supreme Court grants Cenvat credit on infra items

The Supreme Court overturned a Bombay HC ruling which had classified these items as non-capital goods, and upheld a 2018 Delhi high court deicsion that had favoured telecom companies

20 Nov 2024 1:11 pm
Credit card expiration: What happens when your card expires?

Credit cards have expiry dates, beyond which they cannot be used. Issuers set these dates for security upgrades and to prevent wear and tear. Check the expiry on the card and statements, renew subscriptions, dispose of expired cards safely, and keep contact details updated with the issuer.

20 Nov 2024 10:50 am
Bank Holiday today: Are banks closed on November 20 for Maharashtra assembly elections 2024?

Bank Holiday today: Are banks closed on November 20 for Maharashtra assembly elections 2024? Find here

20 Nov 2024 6:39 am
Govt discussing a 5-year plan to develop Indias tourism potential

The dates and announcement timelines of the schemes roll-out and campaign launch are still being discussed..The plan, which is being deliberated at various levels and departments of the government including the tourism ministry, aims to achieve its targets by 2029-30.

20 Nov 2024 5:30 am
Edible oil or cosmetic? Small coconut oil packs pose a big tax question

A tax tribunal order in 2009 said small coconut oil packs should be classified as edible oil, a decision that allowed them to be taxed a lower rate. Now, the Supreme Court is set to decide if it should be so. 

20 Nov 2024 5:30 am
A big refinery, a large loan, and a bunch of eager banks

As the frenzy in personal loans cools, banks are turning more to large project loans. For the 27,000 crore debt component of the Cauvery Basin Refinery and Petrochemicals Ltd, there are six lenders in contention, including SBI, BoB and PNB.

20 Nov 2024 5:30 am
Celebrity appeal, small towns boost appetite for athleisure brands in India

Celebrity endorsements play a key role in driving popularity and adoption, especially in the mass and mass-premium categories. Earlier this month, former Swiggy executive Karthik Gurumurthy announced the brand nameTen X Youof the new athleisure venture he has co-founded with Sachin Tendulkar.

20 Nov 2024 5:00 am
Can a private trust benefit a differently abled child?

Establishing a private trust for a differently abled child allows parents to control asset management and distribution, ensuring funds are used for specific needs like medical care and education, while protecting resources from mismanagement.

19 Nov 2024 8:07 pm
NBCC aims to double revenue to 25,000 crore by expanding real estate development: CMD Mahadevaswamy

The government construction company will leverage its land bank and engage in redevelopment projects, competing with private builders while taking up stalled housing projects nationwide.

19 Nov 2024 7:39 pm
Credit card: Can you be sued for not paying your credit card bill?

When a credit card user doesn't clear his/her bill on time, it leads to a negative entry in the defaulter's credit report, thus jeopardising their creditworthiness.

19 Nov 2024 7:17 pm
India should secure supply chains for nuclear fuel, says MEA special secretary

The country must also develop indigenous technologies to increase the share of nuclear power in its energy mix, Periasamy Kumaran said.

19 Nov 2024 7:00 pm
CEO is the least paid employee of a start-up, says Greptile's Daksh Gupta who advocated 84-hour workweek

Daksh Gupta, a 22-year-old Indian-American, is the founder and CEO of Greptile, an AI firm, which has already raised $5.3 million. He recently shot to prominence after his post on X, where he backed an 84-hour workweek.

19 Nov 2024 6:30 pm
Regional platforms likely to see impact of Prime Video ad tier, JioStar merger

Amazon Prime Video's ad-supported tier launch may reshape India's streaming landscape, intensifying competition for advertising budgets.

19 Nov 2024 6:01 pm
Plan to retain your Employees Provident Fund balance after retiring? You need to read this.

Certain rules come into play involving taxes, the interest accrual period, and the duration for which the funds can remain unclaimed.

19 Nov 2024 5:49 pm
The taxman knows about your foreign assets and is giving you a chance to revise ITR

This approach is different from the usual process where the defaulting taxpayers would be summoned by the tax department for investigation

19 Nov 2024 4:15 pm
Personal loan application: How does credit score matter and what are the other factors considered?

Personal Loans: The important factors in a personal loan approval include the individuals credit score, age, income, profession, KYC, city of residence, debt-to-income ratio, etc.

19 Nov 2024 3:31 pm
Secured vs. Unsecured Personal Loans: Which one should you choose?

Secured and unsecured personal loans serve different needs. Unsecured loans rely on credit scores and have higher interest rates, while secured loans require collateral, providing lower rates and larger amounts. Evaluate your financial situation carefully before deciding on a loan type.

19 Nov 2024 3:28 pm
Post office schemes: 8 financial instruments offer assured return up to 8.2%

Public Provident Fund has been offering an interest of 7.1 percent per annum with effect from Jan 1, 2024. The minimum investment one can make is 500 while the maximum is 1.5 lakh in a financial year.

19 Nov 2024 3:25 pm
RBI cautions investors, says deepfake videos of Governor Shaktikanta Das circulating on social media

The Reserve Bank of India (RBI) warns investors about deepfake videos of Governor Shaktikanta Das circulating on social media. These fake videos claim to launch or promote some RBI-backed investment schemes, which is a trap for investors looking to put aside some money. 

19 Nov 2024 3:24 pm
How to apply for a personal loan? A step-by-step guide

Personal loans provide quick funds with minimal documentation and no collateral requirements. However, they come with higher interest rates. The application process involves verifying income, credit score, and other criteria, and funds are usually disbursed quickly upon approval.

19 Nov 2024 2:26 pm
What is a credit score and ways to maintain a good score?

Credit scores: In India, credit scores between 300 and 900 indicate financial reliability, assessed by agencies like CIBIL and Equifax. A score above 750 is excellent, unlocking benefits like lower interest rates and better loan options. Understanding credit is crucial for financial success.

19 Nov 2024 2:01 pm
Fixed vs. Floating Interest Rates: Which is better for your personal loan?

Personal loans provide quick cash for events or emergencies and have fixed or floating interest rates. Fixed rates remain constant, while floating rates vary with market conditions. Assessing your financial needs is essential to select the right loan type and avoid high-interest debt.

19 Nov 2024 1:44 pm
Personal Loans: What are the different types of loans you can choose?

Personal loans: It offer flexible financing for diverse needs, from weddings to medical expenses. They are typically unsecured and attract higher interest rates. Various types include home renovation, travel, and debt consolidation loans, each tailored to different financial circumstances.

19 Nov 2024 1:38 pm
Mind over market: 7 habits of investors who thrive during corrections

Market turbulence isnt just a challengeits a chance to grow. Resist impulsive decisions, refine your approach, and let time work in your favour.

19 Nov 2024 12:52 pm
Are small cap mutual funds still risky? It would take THIS long to liquidate 50% portfolio, shows latest stress test

Mutual Funds: Stress test is relevant because it indicates the time period it will take to liquidate 25 percent and 50 percent of the portfolio in case of a stress event. For a few fund houses, this time period is still as long as 55 days

19 Nov 2024 12:22 pm
Can you get a personal loan? Check eligibility criteria first

Personal loans: Eligibility for personal loans includes a good credit score, stable income, and low debt. Understanding lender requirements and researching loan options can enhance your chances of approval. Personal loans offer quick financial relief, yet not everyone meets the necessary criteria.

19 Nov 2024 11:42 am
What is a personal loan? A comprehensive guide for first-time borrowers

Personal loans: They are flexible and fast approval options for various financial needs. They require careful consideration of terms, credit score, and repayment plans to align with long-term financial goals, ensuring responsible borrowing without collateral risks.

19 Nov 2024 11:40 am
Best Mutual Funds: With benchmark indices on a downhill, these value funds can be your pick this November

Best Mutual Funds: There are around 8 value funds which have delivered over 18 percent annualised return in the past 3 years. Value mutual funds follow value investment strategy and identify stocks that are currently undervalued but are expected to perform well over time as the value is unlocked.

19 Nov 2024 10:01 am
NTPC plans 5 trillion capex for green energy push by 2030

The investments would be made under state-owned NTPC Ltds renewable energy arm, NTPC Green Energy, which is set to launch its 10,000 crore IPO on Tuesday.s

19 Nov 2024 6:00 am