Money

NPS Calculator: How much you have to invest to get a pension of Rs 1 lakh per month on retirement

NPS Calculator: If you want to get a monthly pension of Rs 1 lakh from NPS, you need to maintain a discipline in investing. With a focused approach over a long period, you can reach your pension goal even with a low contribution per month.

FIIs net sell Rs 4,927 crore shares, DIIs net buy shares worth Rs 3,878 crore

On October 10, Domestic Institutional Investors (DII) net bought shares worth Rs 3,878 crore. On the other hand Foreign institutional investors (FIIs) net sold shares worth Rs 4,927 crore, provisional data from NSE showed. DIIs bought Rs 13,301 crore worth of shares and sold shares worth Rs 9,423 crore. Meanwhile, FIIs purchased Rs 16,514 crore in shares and offloaded equities worth Rs 21,441 during the trading session. In the year so far, FIIs...

US CMS Releases Preliminary List Offering 101 Generic Drugs For $2 Per Month | CNBC TV18

A millennial couple details how they went from $150,000 in debt to a net worth of $1.5 million in a decade without elite jobs or risky investments

Lawrence Delva-Gonzalez grew his net worth through investing heavily in retirement accounts, buying a rental property, and creating tight budgets.

Gross vs net salary: Key deductions affecting your take-home pay — explained

Understanding paycheck deductions is crucial for financial management. Key deductions include TDS, Provident Fund contributions, and professional taxes, while voluntary options like NPS can enhance savings

Rupee Hits Record Low Against US Dollar Amid Oil Price Concerns

In comparison, the dollar index, which measures the dollar's strength against six other major currencies, was down 0.11 per cent at 102.87 points.

How to grow a money plant: Here's a guide to indoor and outdoor planting, tips to take care

The Money Plant (also known as Pothos) is everyone’s favourite, and for good reason. These popular houseplants bring positive energy and good fortune to your home, according to Feng Shui. Aside from their lucky charm reputation, they are also incredibly easy to grow and care for, making them an ideal plant for beginners and seasoned gardeners alike. Money plants are hardy and can thrive under various conditions. They are low-maintenance,...

What is the 50:30:20 rule, and why is it crucial for middle-class savings?

The 50:30:20 rule offers a clear and pragmatic approach to managing personal finances, promoting a balanced and sustainable way to handle money.

Gold Rate Today: Yellow metal rises above Rs 75,800/10 grams after data supports US rate-cut bets

On Friday, gold prices rose to approximately ₹75,800, driven by data that increased expectations for a Federal Reserve interest rate cut next month. Market participants were also keenly awaiting the U.S.

Silver futures rise on spot demand

New Delhi, Oct 10 (PTI) Silver prices on Thursday rose Rs 178 to Rs 89,050 per kilogram as participants widened their bets on a firm spot demand

How much cash can you deposit in savings account to avoid tax scrutiny?

Although there is typically no cap on the amount that can be deposited into a savings account, have you ever considered the maximum amount you can deposit and withdraw within a financial year to remain below the tax authorities' scrutiny?

The top 3 skills you need if you want to land a job in a family office, according to industry recruiters

One family office sought an assistant with an Ivy League education, accounting background, and yacht management skills. The pay: $20,000 a month.

Do You Have Multiple PAN Cards? Here Is A Step-By-Step Guide To Surrender Duplicate PAN And Avoid Penalty

Under Section 139A of the Income Tax Act, of 1961, an individual is allowed only one PAN. Violating this provision can attract penalties as per Section 272B.

Vettaiyan box office collection day 1: Rajinikanth-Amitabh Bachchan’s film opens at ₹25 crore in India

Vettaiyan box office collection day 1: Apart from Rajinikanth & Amitabh Bachchan, the film stars Manju Warrier, Fahadh Faasil, Rana Daggubati and Ritika Singh.

Mukesh Ambani surpasses Gautam Adani to become the richest tycoons of India; check out the list

Forbes' India 100 list for 2024 highlights Mukesh Ambani as the richest with a net worth of $119.5 billion, followed by Gautam Adani and family at $116 billion. The collective wealth of India's top 100 has surpassed a trillion dollars, marking a 40% increase from $799 billion last year. The increase is attributed to strong market performance of stock market.

Forbes List | Reliance Industries' Mukesh Ambani Tops India's 100 Richest 2024 List | N18V

Gold and silver prices today on 10-10-2024: Check latest rates in your city

Gold And Silver Prices Today: 10 gm of 24 carat gold was at Rs.76853.0 in Delhi whereas 1 kg of silver was Rs.97000.0 in Delhi.

Retirement planning: 4 simple ways to protect your retirement corpus from inflation

Retirement planning: The effect of inflation on your retirement savings may be substantial. Many elderly individuals rely on their pension and retirement investments. Inflation during retirement might lead to a reduction in the actual value of your retirement savings.

Shraddha Kapoor’s Stree 2 Mints Rs 4.55 Crore in 8th Week

Stree 2, starring Shraddha Kapoor and Rajkummar Rao, has become the highest-grossing Hindi film ever, earning Rs 596.50 crore in eight weeks. It surpassed Baahubali 2's 8th-week collection and is on track to join the Rs 600 crore club. A sequel focusing on vampires featuring Ayushmann Khurrana and Rashmika Mandanna is in the works.

Good News For EPFO Employees! Set to Receive Rs 13,816 Advance Payment - See If You’re Eligible Or Not

The EPFO released a circular on Tuesday announcing the payment of advance linked against the productivity-linked bonus. However, the employee's organization has unveiled this for the selected staff. According to the official announcement, the bonus payment will be equivalent to 60 days of wages.

TD Bank falls 8% after it faces $3 billion fine and growth caps over charges of enabling fentanyl-linked money laundering scheme

A Chinese drug cartel that was selling fentanyl bribed TD Bank branch employees in New York and New Jersey to launder millions of dollars.

Hyundai India vs Maruti Suzuki: What investors can expect from mega IPO – A look at valuations, dividends and key financials

Hyundai Motor India Ltd (HMIL) is set to make history next week with the launch of India’s largest initial public offering (IPO), targeting to raise a staggering Rs 27,870 crore. This will be the first IPO by an automaker in over two decades, since Maruti Suzuki’s listing in 2003, marking a significant moment for the Indian automotive industry. As the country’s second-largest carmaker, Hyundai’s entry into the stock market will reshape the...

Payments firm Tonetag looks to bag $50 million from Iron Pillar, others

Tonetag is in talks with growth-stage investment firm Iron Pillar for a fresh equity round of around $50 million. Other investors are expected to join the round as well. The round will be a mix of primary and secondary capital, where some of Tonetag’s early investors will partially or fully exit the company.

Mutual Fund SIP Calculator: How a Rs 100 a day investment can take you to Rs 5 crore retirement corpus?

Investing in a SIP early, even with just Rs 100 a day, takes advantage of compounding. This can lead to a substantial retirement fund by the time you retire.

Rs 5 crore corpus in 10 years using SIP: How to build - Steps

Discover how you can accumulate Rs 5 crore in just 10 years through disciplined investments in a Systematic Investment Plan (SIP). Learn about the benefits of compounding, the importance of early investments, and the steps to achieving long-term financial success with this proven strategy.

Crorepati Stock: BSE 200 share turns Rs 1 lakh into Rs 15000000 in less than 5 years

Crorepati Stock: A BSE 200 stock has delivered an eye-popping return of 15,117 per cent in less than five years. From once quoting at Rs 5.55 per share on April 3, 2020, the stock today (Thursday, October 10) touched a fresh record high of Rs 839.

These fixed income options provide the safety you need: Fixed Deposit, Public Provident Fund, and more

Bank Fixed Deposits (FDs) are one of the most popular investment options, especially for seniors. They offer fixed returns based on the interest rate set by banks, which can vary. Bank deposits are insured by the government up to ₹5 lakh, adding a layer of security. Recurring deposits (RDs) are another bank-led scheme. In RDs, investors deposit a fixed amount on a schedule, earning a higher interest rate than regular savings accounts. This scheme helps build a savings habit and ensures returns, as it’s not linked to market fluctuations. RDs also allow small investments, making them accessible to many savers. The Public Provident Fund (PPF) is a government-backed long-term savings scheme. With an interest rate of 7.1%, it has a maturity period of 15 years, which can be extended. Contributions to a PPF account are eligible for tax deductions, making it a favoured option for retirement. The Post Office National Savings Monthly Income Account (POMIS) provides regular monthly income. It requires a minimum investment and offers an interest rate of 7.4%. POMIS is suitable for those seeking a reliable income stream while ensuring capital safety. RBI Floating Rate Savings Bonds have a maturity of seven years and offer an interest rate of 8.05%. Investors can start with a minimum investment of ₹1,000, with no maximum limit. This bond is available through the RBI’s Retail Direct portal for individual investors. National Savings Certificates (NSCs) are secure savings instruments issued by the government for capital safety. They currently offer a 7.7% interest rate and qualify for tax deductions under Section 80C of the Income Tax Act. NSCs have a fixed maturity period, providing predictable returns.

List Of Top 10 Philanthropists In The World: From Jamsetji Tata to Zuckerberg; Check Top Philanthropists And Their Contributions

Top 10 Philanthropists in the World: Success and riches are frequently associated, but for people who enjoy both, there is another important characteristic that they foster: charity. Many of the world's most rich and successful individuals and families understand that their wealth can have far-reaching repercussions in terms of improving people's lives. When your bank account reaches a particular level, whether through familial riches or...

Ratan Tata tribute: When Tata Finance kept a helicopter on standby to return investors' money

In 2001, Tata Finance found itself in the middle of a crisis. A letter from Shankar Sharma and a subsequent investigation showed that some people in the management team had invested company money in dubious shares for personal gain. The company had also loaned over Rs 500 crore to subsidiaries. Tata Finance was on the brink of insolvency. When the fraud came to light, then-chairman Ratan Tata asked parent company Tata Sons to step in and secure...

Top performing mutual funds to consider for growing wealth over time

Top-performing mutual funds have delivered stellar returns over both 5 and 10-year periods, illustrating the long-term gains achievable through strategic investments.

Paytm Share Soared 15%, What Caused This Rally? | Hyundai IPO & Ola Electric Probe | Rajat Sharma

Watch Rajat Sharma, Founder & CEO of Sana Securities, on ET Now. Discover the reasons behind the 15% surge in Paytm shares. Also, get insights on the Hyundai IPO and Ola Electric investigation. Join Rajat Sharma for all the latest updates.#hyundaiipo #ipo #paytm #paytmshare #olaelectric #olaelectricshare #etnow #topnews #businessnews

Medical Loans: Everything you need to know for affordable care

Medical Loans: Medical emergencies can arise unexpectedly, leading to financial stress. Banks offer medical loans with quick approval, flexible repayment options, and straightforward documentation.

China may announce new fiscal stimulus soon to boost economy - Details

China 2nd Stimulus: According toa Bloomberg report, Beijing is expected to China to deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus.

Top financial habits of highly successful people

By cultivating these financial habits, successful individuals ensure that their wealth grows steadily and sustainably, while also maintaining financial security for the future...

Employee Provident Fund: Benefits and how to check your balance

EPF offers several advantages that make it much more than just a savings plan. One key benefit is shared contributions, where your employer contributes alongside you, effectively doubling your retirement savings. The scheme also provides tax relief and its competitive interest rate helps your savings grow faster. When you retire, you receive a lump sum, including your contributions, your employer’s contributions, and accumulated interest,...

CPI inflation likely rose to 5.1 per cent in September

The continuous rise in international gold prices likely pushed 'personal care and effects CPI (weighting of 3.89%) up m-o-m, said Barclays in a report.

UPI transaction limit increased: RBI announces new limits for Lite wallet and 123Pay

What are the new UPI transaction limits announced by the RBI, and how will these changes impact users of UPI Lite Wallet and UPI 123Pay? Find out.

Marico shares gain 0.89% as Sensex falls

The stock quoted a 52-week high of Rs 719.8 and a 52-week low of Rs 486.75.

US consumer inflation eases to 2.4% in September, lowest point since February 2021

US consumer inflation cooled to 2.4% in September from 2.5% in August, but core inflation rose to 3.3%. Despite this 'slight upward surprise,' services inflation shows a decreasing trend. The Fed aims for further rate cuts this year amidst employment concerns. Both political candidates highlight economic performance ahead of elections.

X introduces new payment model to drive premium user engagement and creator revenue

X is reshaping its creator payment model, focusing on Premium user engagement. This shift aims to enhance earnings and interaction among creators on the platform.

Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US inflation to TCS Q2 results

Indian stock market: Gift Nifty was trading around 25,085 level, a discount of nearly 35 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market indices.

Invest early, live below your means and 9 other golden rules to get rich

Building wealth takes smart financial choices and discipline. Follow these nine key personal finance rules: pay yourself first by saving and investing, create and stick to a budget, invest early and regularly, avoid bad debt, live below your means, build an emergency fund, maximize tax efficiency, learn to negotiate, and keep educating yourself. By consistently applying these principles, you can grow your money and achieve long-term financial...

TCS Q2 Results: IT Company Announces Bumper Dividend - Know Amount And Other Details

Tata Consultancy Services (TCS) reported a net profit of Rs 11,909 crore for Q2, reflecting a 5% year-on-year increase, despite a 1.1% decline quarter-on-quarter. Revenue grew 7.6% to Rs 64,259 crore. TCS declared a Rs 10 interim dividend per share and expanded its workforce, hiring 5,726 employees.

8 high-paying freelance jobs you can start today

Freelancing has recently gained popularity for candidates seeking flexibility and financial security. Whether you're a tech expert or a creative professional, there are numerous high-paying freelance opportunities to explore.

Retirement planning: 5 things to keep in mind when planning your retirement corpus allocation

This is the problem with personal finance. One rule doesn’t apply to all situations. Nor does it apply to all households. Being relaxed about our attitude to money helps when we are in the process of understanding our preferences and identifying our beliefs about financial decisions. However, the ability to be experimental with money runs out as we age, especially when we retire.

Which sector will lead the next bull run? Karthik Kumar answers

I think that is something that needs to be watched out and especially focus on certain geographies and certain verticals becomes quite important and to see how demand evolves over there.

World Bank approves financial fund for Ukraine, supported by G7 nations

The fund, to be managed by the World Bank, will help fulfil a pledge by the Group of Seven (G7) nations to provide Ukraine with up to $50 billion in additional financial assistance by the end of 2023.

How to make a successful career switch to finance

For several reasons, the number of people showing intent toward job change in the financial sector has increased tremendously. Some of the major reasons include the desire to establish a stable and fulfilling career and exploring how one can apply one's skills and knowledge to attain the right workplace satisfaction.

Number Theory: Charting monetary policy since formation of MPC

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Savitri Jindal tops again, Biological E's Mahima Datla joins Forbes' rich list; Here are top nine richest women

India's wealthiest list sees nine women featured in 2024, led by Savitri Jindal with a net worth of $43.7 billion. Notable names include Rekha Jhunjhunwala, Renuka Jagtiani, and newcomer Mahima Datla. The combined net worth marks significant growth since 2019.