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Jio Financial Services acquires 7.9 crore shares of Jio Payments Bank from SBI — Details here

Mukesh Ambani-led Reliance Industries' NBFC arm Jio Financial Services acquired more than 7.9 crore equity shares of Jio Payments Bank Limited from the State Bank of India. Shares closed lower ahead of the acquisition announcement.

2025-06-18T12:12:29Z

Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Fed policy to Israel-Iran war

Indian stock market: Gift Nifty was trading around 24,746 level, a discount of nearly 80 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

2025-06-19T01:42:39Z

Smallcaps soar Rs 75 lakh crore in value over 7 years, growing 5x: Study

India's small-cap stocks surged fivefold in value from ₹17 lakh crore in 2017 to ₹92 lakh crore by 2024, outpacing large and mid caps. Bajaj Finserv AMC highlights strong fundamentals, 27.6% CAGR, and unrealized value despite modest recent gains.

2025-06-18T13:37:11Z

Akshat Shrivastava once earned Rs 10,000 per month. Now saves 95% of his income, thanks to one rule

Akshat Shrivastava, a financial advisor, saves 95% of his income by avoiding lifestyle inflation. Starting with modest savings from a small salary, he scaled up his investments after landing a corporate job. His key principle is to only buy something if he can afford it twice, emphasizing financial discipline and smart investment choices.

2025-06-19T06:03:59Z

Gold slips ahead of Fed decision — but could surge soon as Middle East conflict and rate cuts loom

Gold prices today dipped slightly as investors wait for the Federal Reserve’s rate decision, but rising tension from the Israel–Iran conflict and hopes for future U.S. interest rate cuts could soon push prices higher. Spot gold dropped 0.2% to $3,383.17 per ounce, while gold futures eased 0.3%. Experts say if the Fed signals cuts, gold could rally again. Ongoing Middle East instability keeps demand strong. With central banks buying more gold and...

2025-06-18T13:14:26Z

SIP: How To Save Rs 20 Lakh For Short-Term Goals In Five Years

A well-planned SIP strategy can help you build a Rs 20-lakh corpus in five years for your short-term financial goals.

2025-06-17T11:45:11Z

Penny stock zooms 33% on order win from ONGC, check details

The penny stock zoomed from Rs 8.76 from Tuesday's close to a high of Rs 11.64 in the current session, rising 32.87% in two days.

2025-06-19T05:41:27Z

Irish man wins Rs 2,000 crore lottery, now richer than Dua Lipa and Harry Kane

The man won Ireland s 18th EuroMillions jackpot, and the win is the highest in the country s history.

2025-06-19T07:43:59Z

The dark side of China's gold frenzy

Numerous Chinese investors, like Julie Li, face potential financial ruin after investing heavily in gold through Yongkun Gold, enticed by promises of high returns. The company abruptly ceased withdrawals and closed its shops, prompting a police investigation and investor protests.

2025-06-18T04:44:07Z

FASTag Update: Entry And Exit To Count As One Trip Or Two? Govt Clarifies

If you’re worried about being charged twice for crossing two toll plazas on a single highway stretch, once at entry and again at exit, the government has finally put those concerns to rest. Under the upcoming FASTag Annual Pass, such journeys will count as one trip, not two, even if they involve two scans.The clarification comes ahead of the August 15 rollout of a nationwide annual FASTag toll pass for private vehicles. The Ministry of Road...

2025-06-19T07:48:09Z

Multibagger small-cap stock declares issue price for ₹69.30 crore fundraise via issuance of warrants

Stock Market Today: Multibagger small-cap stock declares issue price for ₹69.30 crore fundraise via issuance of warrants. Check details about Kellton Tech Solutions Limited

2025-06-19T06:12:49Z

Top 4 children’s mutual funds that delivered over 20 per cent annual return. Check list

Best mutual funds: Children's funds are solution oriented funds which have a lock-in for at least five years or till the child attains age of majority whichever is earlier

2025-06-16T12:11:12Z

Gold Price Prediction: Yellow metal dips to Rs 99,258/10 gms amid hawkish fed comments; analysts eye recovery

Following a stern address from the US Federal Reserve, gold prices experienced a decline, affecting MCX August gold and silver futures right from the start. With interest rates unchanged, Fed Chair Jerome Powell raised red flags about inflation and potential economic deceleration. However, the escalating tensions in the Israel-Iran conflict are providing a cushion for precious metal prices.

2025-06-19T07:22:38Z

The new middle class trap: Unsecured loans and social pressure fuel debt in India, Hong Kong and elsewhere

India and Hong Kong are very different in culture, government and location. But now they share a worrying problem: their middle classes are stuck in growing consumer debt. The middle class, which once stood for stability and progress, is now under mental stress, facing financial risks and rising inequality.In both places, people’s incomes are not growing much, but the cost of living is going up. Because of this, many middle-class families are...

2025-06-19T07:45:21Z

MSE warns delays for £100m Mastercard payout claims

Millions could get up to £70 each — even if they've never had a Mastercard.

2025-06-18T09:12:22Z

‘I save 70 per cent of my income’: People on their secret pension savings

A £1.2m pot is now essential for a comfortable retirement, according to statistics – and few are close. We speak to six people with healthy pensions about how they did it

2025-06-16T05:41:14Z

Multi-Cap Potential: Rushabh Desai's Guide To Picking The Winning Funds

Though the range of returns is stellar, the all-round investment does not come without challenges.

2025-06-17T15:46:01Z

Will Bitcoin hit $1 million by 2030? 'Rich Dad Poor Dad' author Robert Kiyosaki thinks so

Robert Kiyosaki revealed he started buying Bitcoin at $6,000, accumulating as much as he could. He expressed regret for not buying more, blaming “fake money” for limiting his ability to invest further.

2025-06-19T08:07:39Z

Fixed EMI personal loans: Key pros and cons you must know before borrowing

Fixed EMI personal loans provided applicants with consistent repayments and protection from rate hikes but come with higher interest costs and less flexibility, making it crucial to weigh all pros and cons carefully.

2025-06-19T07:03:07Z

FASTag Annual Pass: Cost, availability, eligibility, annual savings explained

If you are planning to buy a FASTag annual pass, here’s all you need to know.

2025-06-19T07:36:27Z

Gold Today Rate, 19 June: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities

Today's 18, 22 and 24 Carat Gold Prices in Chennai, Bangalore, Hyderabad, Mumbai, Delhi: The price of gold in India today is 10,108 per gram for 24 karat gold, 9,265 per gram for 22 karat gold and 7,581 per gram for 18 karat gold.

2025-06-19T08:26:55Z

Block deal alert! Jhunjhunwala family-backed stock sees Rs 500 crore transaction - Check share price movement

The block deal took place just a day after the end of the company’s six-month post-IPO lock-in period on Wednesday. With the restriction lifted, approximately 10.5 crore shares—worth nearly $20 billion—became eligible for trade. The transaction was widely anticipated by market participants, given the magnitude of unlockable shares.

2025-06-19T07:39:54Z

US Senate targets elite universities with 8% endowment tax; Harvard could lose $200 million annually

The US Senate Finance Committee has proposed raising the endowment tax on wealthy universities to 8 percent, potentially costing Harvard $200 million annually. This sixfold increase from the current 1.4 percent rate would impact nine elite institutions with large endowments. Harvard officials warn the tax would hurt financial aid, research, and faculty hiring. The proposal, part of President Trump’s broader tax bill, follows rising political...

2025-06-18T12:39:43Z

Siemens Energy shares list at Rs 2,850; mcap tops Rs 1 lakh crore

Siemens Energy India kicked off its trading on Thursday, June, 19 but was demerged from Siemens Ltd on April 7, 2025 and the stock price for spun-off entity was valued at Rs 2,368.8 apiece.

2025-06-19T04:41:28Z

Will Canada’s new tax cut change your life, or just cover your coffee? Here’s what you’ll save

The Liberal government's tax cut aims to save Canadian families money. An average family might save $280 next year. The tax cut lowers the rate on the first $57,375 of taxable income. Critics say the savings are too small. Conservatives will vote for the tax cut but want more. The plan's cost is estimated at $64 billion over five years.

2025-06-19T01:29:27Z

India’s Fiscal Health On Solid Ground With Record RBI, PSU Dividends And Tax Growth: Report

India’s fiscal dynamics have improved at the aggregate level post-pandemic, with a most notable shift in the quality of spending, which is reflected in the higher capital expenditure by the government over the last five years, according to a Morgan Stanley report. The report highlights that the improving fiscal dynamics bode well for the growth mix and inflation management of the Indian economy. The faster pace of consolidation in revenue...

2025-06-18T12:55:39Z

ICICI Bank revises charges on ATM transactions, cash deposits, cash withdrawals, IMPS and more

ICICI Bank customers will see revised service charges starting July 1, 2025. Changes affect demand drafts, ATM usage at non-ICICI Bank ATMs in metro and non-metro cities, cash transactions, and debit card fees.

2025-06-18T02:44:24Z

Bernstein predicts Paytm shares to rally by 23%, cites ‘several near-term catalysts’

Global brokerage Bernstein has given Paytm an “Outperform” rating with a target price of Rs 1,100 — implying a 23.4% upside from current levels. The firm sees a non-linear earnings growth trajectory, with several near-term catalysts including stable UPI market share, rising loan disbursals, and potential revival of its Payment Aggregator license.

2025-06-18T14:37:21Z

Gold loan rules shake up: Gold-backed loan market faces reset under new RBI rules, says report

Gold-backed lending market is set for a major shift as new RBI regulations take effect from April 2026. The changes tighten loan-to-value norms and introduce mandatory cash flow-based credit appraisals for larger loans.

2025-06-19T08:26:39Z

'4 BHK in South Delhi cost 6kg of gold in 1996': 30 years later, the math still holds, says advisor

Jain used a simple method: comparing what everyday and luxury items cost in 1996 and 2025, not in rupees but in gold weight.

2025-06-18T03:11:03Z

New investor additions in MFs remain at lower levels

New investor additions in mutual funds stay low despite market rebound. Experts cite high valuations, volatility, and profit booking. SIP inflows remain strong, showing sustained retail interest. Industry expects investor growth to stabilise with improving market clarity.

2025-06-18T17:19:37Z

Is Rs 70 lakh per annum the new middle class? Investment banker explains

Are urban professionals struggling even with Rs 70 lakh income per year? A Gurugram-based investment banker breaks down where the money really goes.

2025-06-19T04:26:27Z

Top 8 Cheapest Countries to Live Comfortably on $1,000 a Month

Top 8 Cheapest Countries to Live Comfortably on $1,000 a Month

2025-06-12T14:07:30Z

Mutual Fund Investments: How To Save For Your Dream Wedding Via SIP? A Simple Guide

Start by calculating your total wedding cost and choose the amount based on the investment tenure and estimated returns.

2025-06-17T01:28:44Z

Urban Company Turns Profitable Ahead Of IPO With ₹240 Crore Net Profit In FY25

Indian tech startup Urban Company has reported a 38 percent rise in operating revenue for the financial year 2024-2025. The operating profit rose to Rs. 1,144.5 crore and it posted a net profit of Rs. 240 crores. To compare, Urban Company posted a Rs. 93 crore loss in the previous financial year and 2024-2025 marks as the first year that the compan...

2025-06-19T05:36:14Z

Over 379,000 in US became millionaires last year, equivalent to more than 1,000 every day

The 2025 Global Wealth report from UBS revealed that Americas overall accounted for the majority of the increase of their wealth. The report mentioned that US minted over 1,000 new millionaires every day for a year where over 379,000 people became new US dollar millionaires. The U.S. now accounts for nearly 40 percent of the world’s millionaires, the report noted.

2025-06-18T15:44:30Z

Millions of Aussies are set to get a pay boost: What you need to know

Millions of Australians will receive a cash boost when minimum wage, Super and paid parental leave changes come into effect next month.

2025-06-18T02:12:51Z

Women prioritise children’s financial future; term insurance emerges as key tool: Survey

As per a recent survey, securing their children's financial future is the foremost concern for Indian mothers, with 61% of respondents identifying it as their top financial priority.

2025-06-18T10:23:56Z

Rate path unclear but tariff impact is coming: Fed chief Powell

US Federal Reserve chief Jerome Powell, during a briefing on US monetary policy and state of inflation during the Trump administration, said the impact of tariffs is now reflecting in supply chains. He also talked of the way forward.

2025-06-19T03:03:16Z

Gold May See 10% Correction In 2 Months And 30% Fall In A Year, Say Experts

Gold Rate Prediction 2025: After rising nearly 30% this year, gold prices are not changing despite escalations in the Middle East tensions. According to experts, the yellow metal is likely to have peaked out and might see a correction of about 10% in the next one-two months and around 30% in the next one year.Backing up their projections, experts say the bullion markets have already factored in geopolitical tensions, central bank buying, ETF...

2025-06-19T07:11:23Z

Cryptocurrency Price Today (June 19): Bitcoin Remains Below $105,000, AERO Becomes Top Gainer

Bitcoin (BTC), the world’s oldest and most valued crypto, remained below the $105,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and dips across the board as the overall Market Fear & Greed Index stood at 48 (Neutral) out of 100, as per CoinMarketCap data. Aerodrome Finance (AERO) turned out to be the biggest gainer today, with a...

2025-06-19T07:26:03Z

Which Investment Is Best For Your Child’s Future? Know The Benefits & Drawbacks Of Sukanya Samriddhi, PPF, NSC, SIP & More

Parents always want to secure their child’s future. One smart way to do this is by investing regularly. In India, there are many good investment plans that help save money safely and grow it over time. Let’s understand some of the popular ones: Sukanya Samriddhi Yojana (SSY) This is a special plan for girl children. You can open an account if your ...

2025-06-16T05:58:38Z

News you can use: Savings Account Rates Cut, What Should You Do Now?

Savings bank accounts remain a reliable way to build the habit of saving while offering quick access to your funds.

2025-06-18T11:56:30Z

10 top-rated equity mutual funds with lowest expense ratio to invest in 2025

Looking to invest in equity mutual funds in 2025? Here's a list of 10 top-rated mutual funds with the lowest expense ratios across categories like largecap, smallcap, ELSS, and flexicap. Lower costs, consistent returns, and flexibility make them ideal for long-term investors.

2025-06-17T14:37:13Z

Ranked: how rich the average person is around the world

From Spain to South Korea, we reveal the average wealth per adult in 25 major countries around the world.

2025-06-17T06:39:47Z

Unlock Premium Real Estate: Smart Financing Strategies For High-Value Property Investment

By Arpit Bansal For decades, real estate has been an essential aspect of wealth generation in India. Nevertheless, investor interest has been piqued by a new segment - premium real estate. Factors like altering customer expectations, rising disposable incomes and evolution in lifestyle preferences significantly contribute to this shift. The high-value properties, usually situated in prominent areas and outfitted with opulent amenities, are not...

2025-06-14T02:40:00Z

UP Power Tariff Hike: Proposed Electricity Rates May Push Household Bills To Rs 5,000, Risking Financial Burdens

The Uttar Pradesh Power Corporation has submitted a proposed tariff schedule to the Electricity Regulatory Commission for the current financial year, aiming to increase energy and fixed charges while reducing the number of consumption slabs. If implemented, the revised rates are expected to hit consumers with higher electricity loads the hardest. Under the new proposal, a household with a one-kilowatt connection using up to 100 units will be...

2025-06-18T07:28:47Z

Mukesh Ambani's masterstroke: Rs 500 crore bet delivers Rs 9,000 crore windfall gain for Reliance Industries

On Monday, Reliance Industries (RIL) announced the sale of its remaining 87 lakh equity shares in Asian Paints through a block deal valued at ₹1,876 crore. The shares were sold to ICICI Prudential Life Mutual Fund at an average price of ₹2,207.65 per share.

2025-06-17T08:33:52Z

Eternal and Vedanta among stocks which Radhika Gupta’s Edelweiss Mutual Fund bought and sold in May

Edelweiss Mutual Fund adjusted its portfolio in May. Radhika Gupta led fund increased its stake in HDFC Bank, Reliance Industries and others. It reduced holdings in LIC Housing Finance, TCS and others. The fund added Aether Industries and others to its portfolio. It exited NOCIL and other stocks completely. Financial services comprised the largest shareholding.

2025-06-19T08:58:51Z

How liquid and overnight funds can now help IAs and RAs meet SEBI deposit norms

The Securities and Exchange Board of India (SEBI) at its June 18 board meeting announced it had approved a proposal permitting investment advisers (IAs) and research analysts (RAs) registered with it to use units of liquid mutual funds and overnight funds, marked with a lien in SEBI’s favour, to meet their mandatory deposit requirements. This offers an alternative to the existing norm of maintaining a bank fixed deposit (FD). What did SEBI...

2025-06-19T08:42:56Z