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BSE shares surge 19% to hit a record high; Is a potential NSE IPO the trigger?

Shares of the Bombay Stock Exchange (BSE) Ltd. jumped a little over 19% to hit a record high of 3,459 on Monday (September 16). The stock was also the top gainer in the Nifty 200 index.Last month, the National Stock Exchange (NSE) had officially sought approval for its initial public offering (IPO) by filing an application for a no objection certificate (NOC) with capital markets regulator SEBI.The exchange, in the past, had made an application...

2024-09-16T10:46:27Z

Marks for money: Over 200 answer scripts seized from RG Kar ex-principal's kin, here are 7 nexus-driven exam scams that rocked the country

The Enforcement Directorate seized more than 200 answer scripts from Arpita Bera's home, linked to former RG Kar Medical College principal Sandip Ghosh. This is part of a probe into financial misconduct at the college. Authorities also confiscated property-related documents belonging to Ghosh.

2024-09-15T10:55:28Z

Banks pledge to lend ₹25 trillion by 2030 for green transition

MNRE data showed that while REC Ltd pledged to finance loans worth ₹6 trillion during the RE Invest 2024 conclave, Indian Ireda and State Bank of India each committed ₹5 trillion worth of loans.

2024-09-16T15:37:41Z

UK Spikes Financial Savings Requirements For International Students Starting January 2025

The UK government under Keir Starmer has raised the financial savings requirements for international students for the first time since 2020.Under the new guidelines, which will apply from January a, 2025, students will need to show that they have sufficient funds to support themselves for up to nine months. For those studying in London, the required amount will increase to £1,483 per month, up from the current £1,334.What’s NewAccording to UK...

2024-09-16T14:48:38Z

Rent vs buy: What's the smarter financial move for you?

Renting offers the freedom to move, explore career opportunities, and invest in other ventures. Buying a home, on the other hand, offers long-term security, a sense of ownership, and equity building.

2024-09-15T06:22:11Z

UPI transaction limit increased to ₹5 lakh for three types of payments: Date and details

The National Payments Corporation of India (NPCI) has increased the transaction limit for three types of payments using UPI to ₹5 lakh for convenience

2024-09-15T11:44:20Z

US Fed rate cut meeting date and time: How much interest cut is likely?

The Federal Reserve is poised to announce its first interest rate cut in over four years following the FOMC meeting on September 17-18. Economists anticipate a 25 basis point reduction, with more cuts expected in subsequent meetings. This action aims to steer inflation towards the Fed's long-term goal of two percent.

2024-09-16T17:37:27Z

Northern Arc Capital IPO: Should you subscribe to this Rs 777 crore issue?

The initial public offering (IPO) of Northern Arc Capital will be available until September 19. The company has secured Rs 228 crore from anchor investors prior to the issue. The price band for the shares is set between Rs 249 and Rs 263, with investors able to bid for 57 shares per lot.

2024-09-16T03:36:23Z

Elon Musk to Become World’s First Trillionaire by 2027

The world’s wealthiest are competing to hit a milestone we never thought possible. It's the race to a trillion dollars. Leading the charge is the world's richest man - Elon Musk. By 2027, the Tesla CEO could be the world's first trillionaire. Who else is on the list? Why are some big names missing? Palki Sharma tells you.

2024-09-14T16:58:27Z

Crypto Price Today: Bitcoin, BNB, Solana, and others fall up to 5% ahead of Fed rate decision on Wednesday

Bitcoin's 3% drop to $58,271 comes amid investor uncertainty following the Trump assassination attempt, leading to over $116M in liquidations. All eyes now turn to the Fed’s interest rate decision, with markets split between a 25 and 50 bps rate cut, Avinash Shekhar, Co-Founder & CEO at Pi42 said.

2024-09-16T09:21:32Z

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.

2024-04-17T06:27:08Z

Dividend Stocks: Two IT companies announce plans to reward shareholders along with Q2 results so far

India Inc. has started announcing dates for their respective quarterly results for the July-September period. Two IT companies have announced their respective dates and plans to also consider dividend, if any, to pay its shareholders.The board of Infosys will meet on Thursday, October 17 to consider its September quarter results as well as propose an interim dividend.Infosys will also declare results for the first half of financial year 2025 on...

2024-09-16T06:31:21Z

7 people in your life who should not know about your savings and income

Maintaining privacy about your financial status helps protect you from exploitation and ensures that your financial decisions are based on your own priorities and values, free from external pressures or expectations...

2024-09-03T13:43:56Z

Rupee rises 5 paise to 83.87 against US dollar in early trade

The rupee appreciated by 5 paise to 83.87 against the US dollar, supported by a weakening American currency and significant foreign fund inflows. Market participants await cues from the US Fed policy on Wednesday. The Reserve Bank of India's intervention has kept the rupee steady, with forex reserves reaching an all-time high of around USD 690 billion.

2024-09-16T05:06:24Z

Cryptocurrency Price Today (September 16): Bitcoin Stable At $58,000, Nervos Network Becomes Top Gainer

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable around the $58,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the reds across the board as the overall Market Fear & Greed Index stood at 36 (Fear) out of 100, as per CoinMarketCap data. The Nervos Network (CKB) token emerged to...

2024-09-16T06:11:49Z

UPI transaction limit to change from September 16! Here are the new limits for various UPI payments

Starting September 16, 2024, the National Payments Corporation of India will increase the UPI transaction limit for tax payments to Rs 5 lakh per transaction. This move is intended to streamline tax payments and encourage higher-value transactions.

2024-09-15T07:21:48Z

2024-09-16T13:44:19Z

Arvind Sanger on why India may not benefit even if Fed cut rates by 100 bps between now & December

Arvind Sanger, Founder of Geosphere Capital Management, discusses the impact of the potential US rate cuts on emerging markets. He notes that while India has a strong growth story, its stretched valuations may limit its benefit compared to other undervalued markets. The Fed's upcoming decisions are crucial for market dynamics.

2024-09-16T04:36:22Z

View: Where do baby deposits come from?

The Reserve Bank of India's Governor has sparked debate by questioning whether deposits or advances come first in banking. The discussion centers on the impact of personal savings flowing into the stock market, affecting bank deposit growth. Experts argue that loans create deposits but not liquidity, emphasizing the need for stable deposits for credit growth.

2024-09-16T06:19:11Z

Top 10 high-paying careers in India for 2050 and projected salaries – Insights from AI

Insights on the top 10 high-paying jobs in India by 2050 are based on AI chatbot responses and should be considered as preliminary guidance rather than expert analysis.

2024-09-01T19:06:22Z

India’s buzzing IPO market is gearing up for bigger debuts

Indian companies are exploring larger IPOs, with Swiggy, LG Electronics, and Hyundai Motor's Indian units planning significant offerings. This trend follows India's economic growth and increased investor interest. Notable IPOs this year include Bajaj Housing Finance and Ola Electric Mobility, with most of the 240 offerings raising under $100 million.

2024-09-16T09:51:29Z

2024-09-04T12:10:28Z

2024-09-05T12:37:34Z

Multibagger Stock Under Rs 100: Shares hit UPPER CIRCUIT for 4th day running on multiple order wins

Multibagger Stock Under Rs 100: Mic Electronics is a leading industrial products manufacturer. Its shares are gaining for the last 6 sessions on the back of winning multiple orders from Indian Railways.

2024-09-16T07:05:16Z

Apple iPhone 16 vs iPhone 15: Which iPhone to buy and why

Apple's latest iPhone 16 features notable upgrades over the iPhone 15, including a powerful A18 chip, advanced AI capabilities, enhanced camera functions with macro photography support, and new buttons for added functionality. It also offers improved battery life and faster MagSafe charging. Despite these advancements, the iPhone 15 is still a strong option at a reduced price.

2024-09-11T14:14:04Z

Bihar woman lands Rs 60 lakh job offer from Google. She isn't from IIT, IIM

Alankrita Sakshi, a BTech graduate from Jharkhand, secured a Rs 60 LPA job at Google as a security analyst, proving that success doesn't always come from prestigious institutions like IITs or IIMs.

2024-09-16T15:18:22Z

Indian hotel with Rs 6 tariff in 1903 is now Rs 1 lakh crore hospitality company

Tata Group's Taj Hotels has become the first Indian hospitality company to reach a market cap of Rs 1 lakh crore. The post-Covid travel boom is driving growth in the sector, with IndiGo also seeing significant gains. IHCL's CEO highlights the potential for further growth in Indian tourism due to infrastructure development.

2024-09-16T07:06:44Z

IPO-bound Infra.Market in talks to raise $150 million from existing backers like Tiger Global, new investors

Infra.Market, a construction materials solutions firm, is preparing to raise around $150-200 million (about Rs 1,250-1,650 crore) in a fresh round of funding, months before it prepares to list on the stock exchanges later in the year, people aware of the developments told Moneycontrol. Existing backers such as Tiger Global, Foundamental and Evolvence will put in more money and increase their stake. Infra.Market is also negotiating with new...

2024-09-16T02:39:14Z

Public Provident Fund: How much corpus can Rs 12,500 monthly investment in PPF make over 15 years?

PPF investors can avail tax deduction benefits of up to Rs 1.5 lakh. PPF investment falls under the EEE (Exempt-Exempt-Exempt) category, which means you can enjoy tax benefits on deposits, interest earned and maturity amount.

2024-09-12T04:26:21Z

Pros and Cons of Buy Now, Pay Later; Is It Helping or Hurting Your Wallet?

In the fast-paced world of consumer finance, Buy Now, Pay Later (BNPL) has emerged as a game-changer. Offering the promise of instant gratification without immediate financial strain, BNPL has quickly gained traction among shoppers. But while this convenient payment option opens doors for many, it also carries potential risks. Understanding the pros and cons of BNPL is crucial for making informed financial decisions in a market where access to...

2024-09-16T10:30:25Z

Retirement Planning: How traditional life insurance products supercharge your pension plan strategy

Retirement planning has evolved, necessitating a steady income stream to manage rising costs. In India, where social safety nets are limited, traditional life insurance is vital for achieving financial independence and ensuring a secure retirement, regardless of when one chooses to retire.

2024-09-04T09:15:39Z

NPS Annuity: Do Employees Get Back 40% of Their Investment?

Since the introduction of the New Pension Scheme (NPS) in 2004, replacing the old pension system (OPS), confusion and skepticism have persisted among employees. A common concern involves the 40% of retirement funds used to purchase an annuity under the NPS. Many employees mistakenly believe that this portion of their money is not returned, raising doubts about the scheme’s benefits.The NPS is structured with a clear pension system. Employees...

2024-08-29T15:23:00Z

RE-INVEST 2024: Adani Group pledges ₹4.05 lakh crore for renewable energy projects

Adani Group on Monday said it has pledged ₹4.05 lakh crore investment in renewable energy projects like solar, wind and Green Hydrogen at the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) 2024.According to the Shapat Patras (pledges) submitted at RE-INVEST to the Ministry of New & Renewable Energy, the group firms — Adani Green Energy Ltd (AGEL) and Adani New Industries Ltd (ANIL), have made investment commitments in renewable...

2024-09-16T09:40:33Z

The Rock's Luxurious Lifestyle: Properties, Cars, Jets, and More

Dwayne 'The Rock' Johnson leads an opulent lifestyle with properties in Beverly Hills, Georgia, and Florida. His luxury car collection features the Pagani Huayra and Rolls-Royce Wraith. He owns a Gulfstream G650 private jet for global travel and maintains top-of-the-line home gyms known as the 'Iron Paradise.'

2024-09-03T14:55:27Z

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.

2024-09-11T07:05:46Z

Roblox to allow developers to sell games for real money, announces creator reward program

Roblox game developers will be able to sell their games for real-world money after a new feature rolls out later this year. The Roblox feature will come to PC first and then to other supported platforms, Roblox co-founder and CEO David Baszucki said in an official news post. Presently, Roblox game developers charge Roblox users a one-time Robux fee to play paid games. But from later this year, game developers can charge real money for access to...

2024-09-12T02:07:37Z

Gold, silver price today, September 16, 2024: Precious metals record hike on MCX

Gold Price Today September 16, 2024: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Monday. Check the latest city-wise prices here.

2024-09-16T04:22:31Z

Essential steps and considerations for individuals looking to embark on a career path in finance

For several reasons, the number of people showing intent toward job change in the financial sector has increased tremendously.E

2024-09-13T08:28:20Z

UK housing market gains steam from BoE rate cut, but uncertainties linger

BoE rate cut: Britain's housing market gained fresh strength in September on the back of the Bank of England's first interest rate cut in more than three years and growing political stability following the July 4 election, according to property website Rightmove. According to Rightmove, there was a 0.8 percent rise in average asking prices on homes...

2024-09-16T01:17:04Z

SBI’s Nifty 500 Index Fund: Invest in large caps, mid caps, and small caps all in one!

SBI Mutual Fund introduces the SBI Nifty 500 Index Fund, offering investors a single investment solution to access the entire spectrum of the Indian equity market, tracking the top 500 stocks by market capitalization.

2024-09-16T07:42:46Z

Petrol, Diesel Price Cut On Cards? | Investors Are Eyeing 'Faith Tech' | 5 Top Stories In 4 Minutes

New Delhi, Sept. 16 -- Petrol, Diesel Price Cut On Cards? | Investors Are Eyeing 'Faith Tech' | 5 Top Stories In 4 Minutes | Top Of The Morning | Top headlines for 16 September | English podcast | Crude oil prices have been crashing, and currently cost around 70 to 75 US dollars. Naturally, expectations of a cut in the price of petrol and diesel have risen. These rates were last revised prior to the general election. Here's how likely a price cut is. Also on the show - In India, where tradition meets tech, there's a rising star sector: faith-tech. It's catching the eye of big-time investors like PeakXV Partners, Blume Ventures, and Matrix Partners. Just recently, AppsForBharat bagged $18 million in a round led by Fundamentum, highlighting the surge in interest. This year alone, the faith-tech sector saw its funding leap to more than $50 million from just $4.3 million last year. What exactly does this booming sector offer?

2024-09-16T13:14:39Z

Got lucky in Bajaj Housing IPO? Analysts suggest to hold it for long-term

Bajaj Housing Finance's IPO, which saw massive investor interest, is expected to list at a significant premium. Analysts recommend holding the stock for long-term gains despite high valuations. The IPO's success may also lead to a re-rating of other private NBFCs in the housing finance sector.

2024-09-16T02:21:21Z

How can I plan for Rs 2 lakh monthly income after 15 years with 4 years of aggressive investing?

Building a corpus that provides a steady monthly income requires careful planning and realistic financial assumptions

2024-09-13T03:48:25Z

​8 reliable income sources for achieving financial stability​

​Explore eight distinct paths to generate income, each offering unique opportunities to enhance your financial stability. Whether you seek passive revenue or active engagement, there's an option tailored for you.​

2024-09-11T00:32:29Z

IHCL Hits ₹1 Lk Cr Market Cap; 8th Tata Group Stock In Trillion ₹ Club | Puneet Chhatwal | ET Now

IHCL Hits ₹1 Lk Cr Market Cap; 8th Tata Group Stock In Trillion ₹ Club | Puneet Chhatwal | ET NowIHCL joins the elite club as the 8th Tata company to hit a Rs 1 lakh crore market cap! Here is Nikunj Dalmia in conversation with Puneet Chhatwal, MD & CEO of Indian Hotels.#ihcl #indianhotels #tajhotels #hospitalitiy #puneetchhatwal #nikunjdalmia #topnews #businessnews #etnow #stockmarket #sharemarket

2024-09-13T09:40:28Z

World Street | Oil prices tick up, Asian markets struggle, China retail sales disappoint, and more

In the September 16 edition of World Street, all eyes remain on the Federal Reserve's upcoming meeting, as market expectations for interest rate cuts intensify. The anticipation has also contributed to some upmove in crude oil prices, reflecting the broader economic outlook. Dive into this edition for a closer look at these developments and their potential impact on global markets. Asian markets mixed; majority markets closedAsian markets opened...

2024-09-16T02:58:44Z

SBI SCSS Account: 8.2% interest rate by post office savings scheme - Tax benefits, eligibility

SBI SCSS Account: Backed by the Government of India, Senior Citizens Savings Scheme (SCSS) offers lucrative interest rates, and one can invest up to Rs 30 lakhs in this SCSS. As of now., the interest rate is fixed at 8.20% per annum for Senior Citizens Savings Scheme with the State Bank of India.

2024-09-16T12:45:01Z

5 practical tips to ease the high-interest home loan burden

Securing a home loan is crucial in today's housing market but high-interest rates can be burdensome. The article provides five strategies to ease this financial strain: regularly checking interest rates, using EMI calculators...

2024-09-04T13:02:17Z

Gold Price Today: Yellow metal gains Rs 2,000/10 gm in 1 week, while silver gains Rs 6,400/kg

Gold October futures at MCX opened higher at Rs 73,645 per 10 gram, while silver December futures surged nearly 1% to Rs 90,008/kg. Internationally, gold prices approached record highs due to a weaker dollar and anticipated aggressive rate cuts by the U.S. Federal Reserve.

2024-09-16T04:06:22Z

RBI intensifies scrutiny on NBFC loan growth amid credit bubble risks: Report

The Reserve Bank of India (RBI) has sought detailed data from select non-banking financial companies (NBFCs) regarding their loan book growth, raising questions about systemic hygiene and the potential for a credit bubble, according to a report by Business Standard. The central bank has requested information on the outstanding loan portfolios, broken down by product type, as well as the annualized interest rates charged on these loans. The...

2024-09-16T02:43:44Z