Tuesday, 28 February 2023

As G20 President, India Has Opportunity To Highlight Aadhaar, Digital Finance; Impact Can Be Global: Bill Gates

On the pandemic, Bill Gates says there is a need to develop early-warning systems "on an ongoing basis" to detect new virus, apart from faster diagnostics and vaccine production

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Stock Market Update: Sensex Gains 300 pts, Nifty Above 17,350; Adani Stocks Jump up to 7%

Sensex Today: Domestic markets edged higher on Wednesday, ignoring the muted global cues.

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Stocks to Watch: Delhivery, Vedanta, NTPC, Vodafone Idea, Power Grid, and Others

Stocks to watch: Shares of firms like Delhivery, Vedanta, NTPC, Vodafone Idea, Power Grid, and others will be in focus in Wednesday's trade.

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LPG Gas Cylinder Price Hike: Cooking Gas Becomes Costlier from Today; New Rates Here

LPG Cylinder Price Hike: The prices of domestic cooking cylinders have been hiked across the country, know latest rates

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Last Date To Avail Benefits Of PM-Vaya Vandana Yojana Extended To March 31, 2203

PM- Vaya Vandana Yojana aims to protect seniors after 60 years of age and older against a potential decline in their interest income due to uncertain market conditions.

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What Is Pre-EMI Interest In Home Loan?

The pre-EMI payments are typically lower than the regular EMI payments, which include both the interest and principal components of the loan.

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Monday, 27 February 2023

Turkey Earthquake: Lessons For India's Real Estate Industry According To Experts

Real estate industry experts have underlined key takeaways and learnings for the industry in India.

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Elon Musk is World's Richest Person Once Again As Tesla Shares Rise Over 70% in 2023

Tesla's Elon Musk is back on top of Bloomberg's list of wealthiest people in the world after Tesla shares saw a spike of over 70 per cent in 2023.

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Stocks to Watch: Bharti Airtel, SpiceJet, SAIL, Vodafone Idea, Wipro, and Others

Stocks to watch: Shares of firms like Bharti Airtel, SpiceJet, SAIL, Vodafone Idea, Wipro, and others will be in focus in Tuesday's trade.

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SpiceJet to Sell Cargo Biz To Subsidiary, To Raise Up To Rs 2,500 Crore via QIP

Carlyle Aviation Partners has agreed to convert its outstanding lease rental into equity

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Sunday, 26 February 2023

PM KISAN 13th Installment To Be Released By PM Modi Today; How To Check Beneficiary Status

Prime Minister Narendra Modi will release the 13th instalment of PM-KISAN today at an event to be held at Belagavi, Karnataka

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What You Should Know About Including Parents In Corporate Health Policy

Individual health policies might exclude pre-existing illnesses or have a waiting period before treatment is covered

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Stock Market Updates: Sensex Down Over 250 pts, Nifty Around 17,400; Paytm Up 4%, Adani Transmission Falls 3%

Markets Live: Indian indices opened on a negative note on February 27 with Nifty around 17,400

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DLF Says No Plans to Launch REIT Public Offer in Next 12 Months

DLF holds bulk of its rental assets (offices and shopping malls) through joint venture firm DLF Cyber City Developers Ltd

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Indian Energy Exchange to Launch High Price Day Ahead Market Segment Next Month

IEX has received approval from CERC to launch the High Price Day Ahead Market in the integrated day ahead market segment

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Nine of Top-10 Firms Lose Rs 1.87 Trillion in Mcap

Barring ITC, all 10 firms, including Tata Consultancy Services, Infosys, ICICI Bank and Hindustan Unilever, were the laggards.

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Saturday, 25 February 2023

FPIs' Sell-off Spree Continues, Withdraw Rs 2,300-Crore from Equities in February

The pace of selling has come down compared to January, when foreign portfolio investors took out Rs 28,852 crore

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Elon Musk On Inflation: Why Can't Witchcraft Defeat It? Check His Latest Tweets On Inflation

Since March of last year, the US Fed has attacked inflation by raising its key interest rate eight times

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7th Pay Commission: Central Govt Employees May See Salary Hike Soon As Fitment Factor, DA To Rise

The minimum salary is expected to see a rise from Rs 18,000 to Rs 26,000 for central government employees after the hike in fitment factor

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This Govt Saving-Cum-Investment Scheme Is Only For Resident Indians; Check Interest and Tax Benefits

The account can be transferred to other branches/ other banks or Post Offices and vice versa upon request by the subscriber.

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Mutual Funds May Introduce 5 New Categories Under ESG; Check Sebi's Latest Proposal

Presently, mutual funds can launch only one ESG scheme under the thematic category of equity schemes.

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Is SIP A Good Option To Invest In For A Wedding? Experts Weigh In

You do not need to worry about not having enough money to start investing in SIP because it starts from as little as Rs 500.

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Income Tax Benefits On Home Loan That You Must Know

There are two components of EMI in any home loan, i.e., principal amount and interest amount.

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6 Exemptions Under The New Tax Regime You had No Idea About

The Finance Ministry has reduced the highest surcharge rate from 37% to 25% for earnings over Rs 2 crore.

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Friday, 24 February 2023

Retirement Planning: Why Investing Early Is Important For You?

Without a proper retirement plan, people may not be able to afford the same lifestyle that they are used to during their working years.

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Sebi Proposes Changes To Rules For REITs, InvITs

Stakeholders can submit their comments on the consultation paper till March 8.

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Thursday, 23 February 2023

Tax Saving Deposits Or High-Interest FDs? Here's What You Must Choose

In addition to FDs, Sukanya, PPF, and ELSS can be used to fund mutual funds if an investor needs to engage solely to reduce his or her tax liability and their 80C quota is full.

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Are You Aware That You Can Transfer Money Via UPI Without Internet Now?

Calling, selecting, and paying are the three steps of UPI for feature phones, also known as UPI123Pay.

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Stock Market Update: Sensex Gains 250pts, Nifty Above 17,550; ZEEL Falls 3%

Broader markets, too, inched higher in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.4 per cent

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Irrigation and Allied Services Stock Declares 150% Dividend; FIIs Increase Stake; Do you Own?

Despite being a debt-free company, it has declared a 150 per cent dividend for its eligible shareholders

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Stocks to Watch: HDFC Bank, Infosys, Muthoot Finance, Zee Ent, Axis Bank, and Others

Stocks to watch: Shares of firms like HDFC Bank, Infosys, Muthoot Finance, Zee Ent, Axis Bank, and others will be in focus in Friday's trade.

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Petrol Price Over Rs 100 In Most Indian Cities; Check Latest Rates In Your City

Delhi was the only metropolitan city in India where the petrol price did not cross the Rs 100 benchmark; a litre of petrol cost Rs 96.72

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Wednesday, 22 February 2023

Zee Entertainment Sinks Over 14% After NCLT Admits IBC Pleas of IndusInd; Details

The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition media company Zee Entertainment Enterprises Ltd (ZEE)

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Citigroup CEO Jane Fraser Gets 9% Salary Hike

Fraser's total pay in 2021 was $22.5 million.

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Stock Market Updates: Sensex Opens Flat, Nifty Slips Below 17,550 Amid Mixed Global Cues; Key Points

Sensex Today: Domestic markets are likely to consolidate on Thursday, amid mixed global cues.

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Nirmala Sitharaman to Attend First G20 Finance Ministers' Meeting Under India Presidency on Friday

On the sidelines of the meeting, Sitharaman will hold bilateral discussions with more than 10 countries, including Italy, the US, Spain, Indonesia, and the UK

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Govt Pulls Up Amazon, Byju's for Anti-Consumer Practices: Report

The Consumer Protection Act, 2019, empowers the consumer affairs department to penalise companies for misleading ads and unfair trade practices

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Good News For Real Estate? 45% Indians Want New Home; Millennials Prefer To Buy Over Rent, Says Report

CBRE noted that around 70 % of millennials now prefer to buy over rent, a complete reversal of the trend in our 2016 survey.

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Tuesday, 21 February 2023

Petrol Price Over Rs 100 In Most Indian Cities; Check Latest Rates In Your City On Feb 22

In India, the cost of diesel and petrol differs across states due to the imposition of state-specific value-added tax (VAT).

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McKinsey Plans To Eliminate Nearly 2,000 Jobs; Layoffs To Be Finalised In Coming Weeks

Under a plan dubbed 'Project Magnolia', McKinsey's management team is hoping the move will help preserve the compensation pool for its partners

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Stock Market Update: Sensex Slides 300 pts, Nifty Around 17,750; Delhivery Falls 3%

Indian equity markets extended losses to the fourth trading session on Wednesday, as higher interest rate concerns hurt global sentiments.

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Stocks to Watch: HDFC Bank, One97 Comm, IRB Infra, IRCTC, Hindustan Zinc, SBI, and Others

Stocks to watch: Shares of firms like HDFC Bank, One97 Comm, IRB Infra, IRCTC, Hindustan Zinc, SBI, and others will be in focus in Wednesday's trade.

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UPI-PayNow Linkage Launched In Presence of PM Modi, Singapore PM Lee Hsien Loong

PM Narendra Modi says the UPI-PayNow linkage is a new milestone in India-Singapore relations

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Monday, 20 February 2023

India's Pride, UPI: As UPI Embarks on International Journey, Learn How It Works | Explained

Explained: UPI has become international with it being connected to Singapore's PayNow system. Learn what UPI is and how it works

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Wipro Freshers To Get Reduced Salary; Company Cuts Offered Package; Check Details Here

Wipro is rolling out 87 percent of the variable pay for the third quarter of FY23 for employees whose variable is linked to company performance.

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Sensex Rises 86.35 Points To 60,777.85, Nifty Above 17,870; Rupee Weakens 3 Paise

Experts say the market will continue to trade in a broad range of 17,750-18,150 since there are no triggers for a breakout or a breakdown crossing the upper or lower limit

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B V R Subrahmanyam: Who Is New NITI Aayog CEO?

The Appointments Committee of the Cabinet has approved Subrahmanyam's appointment for two years from the date of assumption of the charge of the post

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TCS To Announce Salary Hikes Soon? Here's What We Know

TCS' chief human resource officer says it is not considering any layoffs as it believes in grooming talent for longer careers once it hires an employee

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Sunday, 19 February 2023

Lost Your PAN Card? Here's Step-By-Step Guide To Reapply

If the PAN card is lost, there is a need to apply to get the PAN card reissued from the department

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Hot Tips, Impulsive Decisions: Avoid These 5 Mistakes While Investing In Stock Market

To avoid these mistakes, it's important to have a clear investment strategy and stick to it.

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Rupee Gains 16 Paise to 82.66 Against US Dollar

The rupee gained 16 paise to 82.66 against the US dollar in early trade on Monday as the American currency retreated from its elevated levels.

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Sensex Opens 142 Points Higher At 61,145, Nifty Rises To 17,967; Rupee Strengthens 16 Paise

Among the top gainers were ITC, Hindustan Lever, HCL Tech, PowerGrid, and Bharti Airtel; while the top losers were Bajaj Finance, Wipro, Tata Steel, Titan and Tata Motors

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No Layoffs; TCS Looks To Hire Impacted Workers, Indian Diaspora In US; Check Details Here

With a slew of startups laying off people, especially in sectors like education technology, Lakkad said TCS will be looking to hire such impacted workers.

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No Major Domestic Trigger, Focus On Global Trends; Here's How Analysts See Markets This Week

FPIs turned net buyers last week with an investment of over Rs 7,600 crore against net outflows of Rs 3,920 crore in the preceding week (From February 7-12).

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What Are Basel III Reforms? Why RBI Wants Boundary Between Bank's Trading And Banking Books?

Final guidelines will be applicable from April 1, 2024.

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Mutual Funds' Collection Through NFO Drops 38% in 2022, Says Report

In 2022, AMCs were focused on floating NFOs in other schemes category, especially index funds, and debt-oriented schemes segment, mainly fixed-term plans.

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Saturday, 18 February 2023

Rise In Internet Users Drive Digital India; Businesses See Highest Impact Of Digitalisation, Says Report

Data privacy and talent upskilling were identified as areas of improvement for scalable implementation.

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Smart Ways To Reduce Home Loan EMI Burden When Interest Rates Increase

Experts feel that interest rate is considered to be at peak currently and it is estimated to reduce over the years.

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NSE to Include Adani Wilmar, Adani Power to Few Indices from March 31

Adani Wilmar will be part of Nifty Next 50 and Nifty 100 indices, while Adani Power will be included in Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150, Nifty LargeMidcap 250, and Nifty Midsmallcap 400 indices

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FCI to Offer 11.72 Lakh Tonnes Wheat Stock to Bulk Consumers in 3rd E-auction on Feb 22

FCI plans to sell 25 lakh tonnes of wheat to bulk consumers under OMSS till March-end as part of the government's measure to check rise in domestic prices

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Gurugram Real Estate: Racing Ahead in NCR With Half Of Housing Unit Sales; Check Why

About 51 per cent of the 63,710 units sold in the NCR in 2022 were in Gurugram, according to a survey conducted by realty consultant Anarock at the end of 2022

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Friday, 17 February 2023

2023 May Be Characterised By Milder Global Slowdown, Trajectory Remains Unpredictable: RBI Report

In India, domestic consumption and investment stand to benefit from stronger prospects for agricultural and allied activities, says RBI

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India's Forex Reserves Fall $8.32 Billion to $566.95 Billion; Second Consecutive Week Decline

India's forex reserves dropped by USD 8.319 billion to USD 566.948 billion for the week ended February 10, the RBI said on Friday.

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Petrol Prices Over Rs 100 In Mumbai, Chennai On February 18; Check Rates of Diesel and Petrol in Your City

Petrol and diesel prices remained stagnant throughout the country on Saturday, February 18

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Family Top Priority For Indians In Life Goals; Life Insurance Beats FD, Mutual Funds As Investment Option, Says Report

Financial security for family becomes India’s top life goal post-pandemic, finds a new survey

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Thursday, 16 February 2023

Gold Prices In India Plunge On February 17; Check Latest Rates In Delhi, Chennai And Other Cities

Indian states levy additional taxes on gold purchases, causing pricing disparities throughout the country.

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Google Layoffs: Over 450 Employees In India Laid Off, Says Report

In January, Google announced laying off 12,000 workers, as the economic boom that the industry rode during the Covid-19 pandemic ebbs.

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A Promise Of High Returns Could Backfire! Avoid These 10 Stock Market Investment Errors

Before investing in any stock, make sure you do your due diligence and research the company, its financials, and its industry.

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India Looks To Tap Kirana Stores To Boost Tax Base, Says Report

The GST requires businesses with an annual turnover of 4 million Indian rupees ($48,368) or more to be registered under the regime.

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Wednesday, 15 February 2023

KPMG Layoffs: Accounting Firm To Cut 700 Jobs in US; Details

KPMG is laying off nearly 700 people or about 2 per cent of its workforce in the United States, becoming the first of the world's four biggest accountancy firms to slash jobs

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Old Vs New Tax Regime: IT Portal Likely To Show Which One Fits For You, Says Report

The government has proposed to increase the income tax rebate limit from Rs 5 lakh to Rs 7 lakh in new tax regime.

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Stock Market Updates: Sensex Up 300pts, Nifty50 Above 18,100; IndiGo Slips 4%

Broader markets, too, rose in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.6 per cent.

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Stocks to Watch: Nestle, Hero MotoCorp, NTPC, HAL, Bharat Dynamics, MTNL, and Others

Stocks to watch: Shares of firms like Nestle, Hero MotoCorp, NTPC, HAL, Bharat Dynamics, MTNL, and others will be in focus in Thursday's trade.

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World Bank President David Malpass Surprises with Early Exit

World Bank President David Malpass on Wednesday said he would leave his post well before his term ends, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.

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Mark Zuckerberg's Security Allowance Raised To $14 Million After Meta's Massive Layoffs

"This increased allowance, together with the costs of Zuckerberg's existing overall security program, are appropriate and necessary under the circumstances," Meta said in a filing.

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Interest For STEM Jobs Rises, Familiarity With Career Options A Challenge, Says IBM Report

Online training and digital credentials are emerging as a recognised pathway to opportunity as respondents plan to seek new jobs in the year ahead.

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Tuesday, 14 February 2023

Fintech-Driven Digital Lending To Bridge Credit Gap In India, Says Report

For MSME borrowers seeking business loans, those with credit scores higher than 700 are catered to more by fintechs than by other lenders, paving the way for the co-lending model to flourish, the research said.

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ITR Forms For AY 2023-24 Notified: Things You Need to Know

The income tax department earlier used to notify ITR forms for the relevant financial year either by March or April

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Stock Market Updates: Sensex Down 150pts, Nifty Below 17,900; Torrent Power Rallies 7%

Indian indices opened marginally lower on February 15 amid weak global cues.

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Lui-Ngai-Ni 2023: Why is February 15 a Bank Holiday In Manipur?

Lui-Ngai-Ni is one of the most important agrarian festivals among the tribes of Manipur

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Gold Prices Edge Higher on February 14: Check Latest Rates in Delhi Mumbai And Other Cities

Gold price in India edged a bit higher on Tuesday, February 14. On the Multi-Commodity Exchange of India (MCX), gold futures rose by 0.30 per cent

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What Is A Social Security Agreement? All You Need To Know

An employee has the option of receiving social security benefits in either their home nation or their host country, without any difference in the value of the benefits.

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Monday, 13 February 2023

Investing In Small Finance Banks Better Than Post Office? All You Need To Know

These small finance banks have started to offer high-interest rates of 9% and above returns on FDs to senior citizens.

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Bank FD: ICICI Bank vs PNB vs Axis Bank; Check Comparison of Latest Interest Rates

Here's the comparison of the current fixed deposit (FD) interest rates offered by three lenders Axis Bank, PNB and ICICI Bank on deposits below Rs 2 crore

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Stock Market Updates: Sensex Gains 200pts, Nifty Above 17,800; Nykaa Dips 4%; TCS, Infy Up 1%

Sensex Today: After India’s inflation rate climbed to a three-month high of 6.5 per cent in January, started flat on Tuesday Morning, despite positive global sentiments.

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Stocks to Watch: Adani Enterprises, Eicher Motors, Nykaa, SBI, SpiceJet, and Others

Stocks to watch: Shares of firms like Adani Enterprises, Eicher Motors, Nykaa, SBI, SpiceJet, and others will be in focus in Tuesday's trade.

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Retirement Planning: 10 Tips For Gen Zs To Secure Their Future

Experts suggest that Gen-Zers are at an early stage of their life and so, don't actively think about saving or investing for retirement planning.

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Sunday, 12 February 2023

Coforge Shares Tank 7% After 10% Shares Change Hands in Block Deal; Details

Coforge Block Deal: Following the block deal, the stock opened 5 per cent lower around Rs 4,100 per share amid heavy volumes.

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LIC Jeevan Azad Sells 50,000 Life Insurance Policies In Two Weeks

A person choosing 18-year insurance will only be required to make premium payments for 10 years.

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Stock Market Updates: Sensex, Nifty Open Flat Amid Mixed Global Cues; Key Points

Sensex Today: Domestic markets started on a tepid note ahead of crucial inflation data, amidst sombre global sentiments.

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Stocks to Watch: Nykaa, SAIL, Sun Pharma, NALCO, Oil India, Tata Steel, and Others

Stocks to watch: Shares of firms like Nykaa, SAIL, Sun Pharma, NALCO, Oil India, Tata Steel, and others will be in focus in Monday's trade.

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Oil India Reports Highest-Ever Quarterly Profit of Rs 1,746 Crore in Q3

The rise in profitability was helped by higher realisation on crude oil and gas the firm produces and sells

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PSBs' Profit Jumps 65% in Q3; Bank of Maharashtra Tops Chart with 139% Surge

BoM was followed by Kolkata-based UCO Bank which posted a profit of Rs 653 crore, 110 per cent higher than its earning in the third quarter of the previous fiscal

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Saturday, 11 February 2023

Millets to Increase Income of Small and Marginal Farmers: Govt

The year 2023 has been declared by the United Nations as the International Year of the Millet

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What Is ELSS Mutual Fund? How Can It Save You Taxes?

ELSS is a mutual fund scheme under which asset management companies put their corpus in equities with a 3-year lock-in period

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Axis Bank Hikes FD Interest Rates, Now Offering Up To 8.01%; Check Latest FD Rates

Axis Bank FD rate hike comes at a time when major banks are increasing their fixed deposit interest rates after the repo rate hike by the Reserve Bank of India

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'Claim Rejection, Inflexible Policy Terms'; Govt Flags 6 Issues Of Insurance Sector; Check Details

The insurance cases pertain to mediclaim and health insurance to travel, life, home, car, marine, fire and crop insurance.

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Smuggling, A Threat To India's Amrit Kaal Vision Of Robust Growth; Mammoth Tax Loss, Says Report

FICCI CASCADE said that tax loss to Govt of India from illicit trade has jumped by 163% over 10-years.

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India's Direct Tax Collections Up by 24.09%; Personal Income Tax Sees 21.93% Net Growth; Check Details

Direct Tax collection, net of refunds, stands at Rs. 12.98 lakh crore which is 18.40% higher than the net collections for the corresponding period of last year.

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India's Cleanest City Indore Mops Up Over Rs 600 Cr on Day 1 of Public Issue of Green Bonds

IMC is the first urban body in the country to introduce green bonds as a public offering for the solar power plant

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Friday, 10 February 2023

What Is A Sub-Limit In A Health Insurance Policy?

A sub-limit is a cap on how much insurance is covered by a policy.

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Mutual Fund SIPs Get Rs 13,856 Crore In January; Are They Neutralising The Impact Of FII Selloff?

SIP is seen as a convenient method of investing in mutual funds through standing instructions to debit your bank account every month.

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Sebi Seeks More Accountability From Mutual Fund Trustees, Wants Review Of Role; Check Latest Update

Mutual Funds in India have a three-tiered structure comprising of the Mutual Fund, the Trustees and the AMCs. The role of the Trustees and AMC is governed by the Sebi (Mutual Funds) Regulations, 1996.

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Do You Know What The GST Composition Scheme Is?

Sometimes these outlets indulge in fraudulent activities and cheat customers by taking the tax amount of both CGST and SGST even if they are not registered with the scheme.

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Thursday, 9 February 2023

LIC Shares Gain As Q3 PAT Jumps Multi-Fold to Rs 8,334 Crore; Details

Life Insurance Corporation of India (LIC) advanced 2.47% to Rs 628.50 on Friday

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Bank Of Baroda Increases MCLR By 5 Bps With Effect From February 12

One month tenure is hiked by 5 bps to 8.20% from 8.15%.

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Stock Market Updates: Sensex Drops 87 pts, Nifty Holds 17,850; Paytm Down 6%, Zomato 5%

Sensex Today: The domestic markets opened on a tepid note in Friday's trading session, amid feeble global sentiments.

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IRCTC Declares 175% Interim Dividend; Know Record Date, Payment Date Here

The Board of Directors of IRCTC at its meeting held on Thursday has declared an interim dividend of Rs 3.50 per share

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Zomato Q3 Net Loss Widens to Rs 346.6 Crore But Sales Increase 75% YoY

Online food delivery platform Zomato Ltd on Thursday reported a widening of consolidated net loss at Rs 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business.

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Fuel Prices On February 9: Check Petrol, Diesel Rates In Delhi, Mumbai And Other Cities

For more than seven months, the cost of petrol and diesel in major cities has remained unchanged

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Wednesday, 8 February 2023

Zomato Gains Ahead of December Quarter Results; What Investors Should Know

Zomato's stock was quoting at Rs 56.10 apiece on the National Stock Exchange, higher by 3.3 per cent in early trade on Thursday.

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ATM For Coins To Soon Become Reality? What We Know About RBI's Next Move

The pilot project will be launched in 12 cities to work on its loopholes before introducing the QR-based coin vending machine pan-India.

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JPMorgan Lays Off Hundreds Of Mortgage Employees Hours After Announcing New Hirings, Says Report

Earlier in the day, JPM said it plans to hire more than 500 bankers catering to small businesses through 2024

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Disney to Cut 7,000 Jobs in Major Revamp; Know Details

Walt Disney Co on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable.

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Shera Energy IPO Opens As Company Seeks To Raise Rs 35 Crore

Shera Energy To Raise Rs 35 Crore From Its Subscriptions From Up To 10,48,000 Shares.

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Tuesday, 7 February 2023

Senior Citizens Can Now Get Up To Rs 70,000 Annually Under This New Scheme

The limits for individual accounts have been enhanced from Rs 4.5 lakh to Rs 9 lakh under the Senior Citizen Saving Scheme (SCSS).

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How Union Budget Deals With Standard Deduction For Salaried Employees

Salaried taxpayers with an income up to Rs 50,000 will not be required to pay any tax thanks to the presence of the Rs 50,000 standard deduction in the new regime.

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RBI MPC: Home Loan EMIs Set to Increase Post RBI Rate Hike; Know How to Minimise Rising Cost

The decision of the six-member rate setting panel was announced by the RBI Governor on Wednesday.

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Stock Market Updates: Sensex Gains 200 pts, Nifty Above 17,750 Ahead of RBI Policy Outcome

Indian benchmark indices opened higher as investors awaited the Reserve Bank of India's interest rate decision

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RBI MPC Meet 2023 Live Updates: Will Shaktikanta Das Pause or Hike Repo Rate by 25 bps?

RBI MPC Meeting 2023 Live Updates: RBI Monetary Policy 2023, Shaktikanta Das Growth EMI, Home Loan Rates RBI MPC Highlights, What happened in December MPC?

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Struggling To Use Torn Note? Here's How You Can Get It Exchanged In Your Nearest Bank

RBI has defined various types of damages of currency notes and the process to replace them.

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Monday, 6 February 2023

Central Govt To Not Merge GST Rates For Another Fiscal Year, Says Official

In 2021, the central government considered overhauling the tax by merging two of the tax rates and reducing the levy on a host of items.

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This Insurance Rewards You For Safe Driving: Know What Is UBI; Perception Of Indian Youth

Usage-based insurance calibrates your premium to how much you drive, so if you drive less you pay less.

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Gold Price In India On Feb 7: Check Latest Rates In Delhi, Mumbai And Other Cities

India is one of the countries with the highest levels of global gold demand and is a significant importer of precious yellow metals.

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Looking To Invest In FD? Here's Why Indians Are Choosing Fixed Deposits

Kuvera’s survey found that over one in five respondents turned to FD to park emergency funds while beating inflation.

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Union Budget 2023: Deduction For Interest Rate On Home Loan Twice Not Possible Anymore

Earlier, taxpayers could claim a deduction for up to 2 lakh per annum in interest paid on a home loan.

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Jana Small Finance Bank Hikes FD Interest Rates; Check All Details Here

New regular fixed deposit and recurring deposit rates are effective from February 1, 2023 onwards and Fixed Deposit Plus rates are effective from February 6, 2023.

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Sunday, 5 February 2023

Damani Real Estate Deal Worth Rs 1,238 Cr: Know Key Things About India's Largest Realty Transaction

Radhakishan Damani's family members and associates have bought as many as 28 housing units worth Rs 1,238 crore in Mumbai

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Petrol And Diesel Prices In India: Check Latest Rates In Delhi, Mumbai And Other Cities

Diesel prices across four major Indian cities show Delhi having the lowest price

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Sensex Falls 200 Points And Nifty 50 below 17,800

Meanwhile, Asian shares slipped on Monday after a run of upbeat economic data from the United States and globally lessened the risk of recession,

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From RBI MPC To IIP Data: Top Trends To Drive Market This Week

In its December monetary policy review, the central bank had raised the key benchmark interest rate (repo) by 35 basis points (bps)

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New York Life Insurance to Invest Rs 290 Crore for 49% Stake in Max Group's Realty Project in Gurugram

MaxVIL says Max Estates has completed the 100 per cent acquisition of Acreage Builders, which now has become a step-down wholly-owned subsidiary of the company

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RBI Readies Draft Bill for NFIR; to Improve Accessibility, Affordability of Loans: DEA Secretary Ajay Seth

The proposal to set up a credit repository was discussed by Finance Minister Nirmala Sitharaman at the meeting of the Financial Stability and Development Council in September

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Saturday, 4 February 2023

Nine of Top-10 Firms Add Rs 1.88 Lakh Crore in M-cap; ITC Biggest Gainer

The market valuation of ITC rallies Rs 43,321.81 crore to reach Rs 4,72,353.27 crore

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Vodafone, Airtel AGR Issue: Here's The Full Timeline of the Telecom Companies' Case

Adjusted gross revenue, or AGR, is the amount on the basis of which the government's licence fees and SUC are calculated

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Update For AIF Investors: SEBI Comes Out With Key Proposals; Check Details

The objective of the consultation papers is to seek comments/ inputs/ suggestions from all stakeholders on proposals.

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7th Pay Commission: Central Govt Employees Likely To See Hike In Their Salary After Holi, Say Reports

The minimum salary is expected to see a rise from Rs 18,000 to Rs 26,000 for central government employees as fitment factor might increase after Holi next month

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RBI MPC To Meet Next Week; November, December Inflation Under RBI's 6% Limit

Retail inflation in December 2022 declined to a one-year low of 5.72 per cent, which is under the RBI's comfort zone

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Friday, 3 February 2023

Household Saving Via Tax-free Instruments Is Rs 4 Lakh Crore: Revenue Secretary

Revenue Secretary Sanjay Malhotra says the total household savings today are 27-30 per cent of India's GDP and the schemes announced in budget will help the country in improving the savings rate

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Budget 2023: Here’s How Much Income Tax You Will Pay Under New Regime

Those with annual income of Rs 15 lakh would need to pay 10% of their income that is Rs 1.5 lakh under the new regime.

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GST Council's 49th Meeting To Take Place On February 18; Here Are Issues Likely To Be Discussed

GST Council's 49th meeting: GST on 'pan masala', 'gutka' firms; GST levy on online gaming, casinos and horse racing; and proposal for setting up of appellate tribunals might be discussed

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Planning To Take A Loan? Know What is CIBIL Score; Check All Details

The CIBIL Score works as a first impression for the lender, the higher the score, the better are your chances of the loan being reviewed and approved.

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IndusInd Bank Rallies 5% on Reports of RBI Approval to Increase Hinduja Group's Stake

The Hindujas are likely to deploy Rs 8000-10000 crore between June and September to increase their shareholding in the bank.

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Thursday, 2 February 2023

Budget 2023: Infra, Spending Boost Positives But Govt Should Have Done More on Health, Tax, Survey Shows

On areas where the budget felt short, 39% respondents said they are not happy that the tax exemptions and deductions were not increased while 35% said the allocation for safeguarding environment, especially against pollution, was not adequate

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Budget 2023: Senior Citizens Savings Scheme; Rs 30 lakh Deposit Limit, Check Interest Rate And Other Details

Senior Citizens Savings Scheme: A depositor can open an account individually or jointly with a spouse.

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Apple Bullish On India; Here's What CEO Tim Cook Said About 'Hugely Exciting Market'

Apple CEO Tim Cook said that India is a 'hugely exciting market' for the company, which has witnessed 'record levels' of people switching to iPhone in the country.

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Stocks to Watch: Adani Group, SBI, Paytm, BoB, HDFC AMC, ITC, and Others

Stocks to watch: Shares of firms like Adani Group, SBI, Paytm, BoB, HDFC AMC, ITC, and others will be in focus in Friday's trade.

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Nirmala Sitharaman LIVE: After Revising Tax Slabs for New Regime, FM to Tell BJP MPs 'Benefits of Budget'

Nirmala Sitharaman, Post-Budget 2023 LIVE Updates: Sitharaman had two days ago presented the Union Budget 2023–24, ahead of the scheduled Lok Sabha elections next year. One of the major highlights of the 2023 budget was the altered income tax slab

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Budget 2023: Family Pensioners To Get Standard Deduction In New Tax Regime

Finance Minister Nirmala Sitharaman proposes a Rs 50,000 standard deduction to salary earners under the new tax regime.

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Wednesday, 1 February 2023

Petrol, Diesel Prices Announced After Budget 2023; Check Latest Fuel Rates in Your City

In Mumbai, India’s financial centre, one litre of petrol was being sold for Rs 106.31

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Union Budget 2023: Fertiliser Subsidies Slashed By 22% To Rs 175,100 crore

The subsidy bill in FY 23 saw an increase from a budgeted Rs 3.17 lakh crore due to a rise in global commodity prices.

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Adani Enterprises Calls Off Rs 20,000 Crore FPO, Will Refund Investors

Adani Enterprises FPO: The decision to not proceed with the FPO despite full subscription was taken at a meeting of the board of directors of the company.

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Beyond Borders: The True Origins Of India's Favorite Brands - Colgate, Bata And Maruti

Bata grew into one of the world's leading shoemakers, with an impressive annual sale of 150 million pairs of shoes across more than 70 c...