Money

SJVN shares rise 13% after PSU wins over Rs 13,000-crore project in Mizoram

SJVN shares stock zoomed 13.49% to Rs 159.60 in the current session on BSE. Market cap of the firm stood at Rs 60,361 crore.

THIS NBFC Penny Stock Hit Upper Circuit for Third Consecutive Session

Penny Stocks 2024: ​​​This marks a year-on-year (YoY) increase of 11.20 per cent in total income and a 19.75 per cent rise in total revenue.

Math made easy: Ten strategies to overcome anxiety

Here are ten strategies to overcome math anxiety. Check the complete guide.

Studying in Australia: What is the cost of living in Down Under?

Key cities are in close proximity to prestigious educational institutions.

Property Holders Alert! I-T Department Issues BIG Clarification on Old Property Sale

The department also provided an example to explain the calculation of capital gains tax for properties bought before 2001.

Smart Money | A plan for your lifestyle

Change your mindset to fit your shifting financial needs, rather than trying to fit your lifestyle into rigid rules to realise your financial dreams

SBI Card Q1FY25 net profit flat at Rs 594 cr as credit costs rise

Mumbai: SBI Cards and Payments reported a net profit of Rs 594 crore in the quarter ending June 2024, , nearly the same as Rs 593 crore in the previous year. The company's total income rose 11% over the previous year to Rs 4483 crore, as interest income grew by 24%, offset by a no growth in fee income. Profits were affected by a 45 basis point decr...

2:1 Bonus, 10:1 Stock Split: FMCG Major Sarveshwar Foods to Raise Funds Via Warrants

The company in a regulatory filing informed the exchanges that its board has approved the proposal to raise funds over Rs 24 crore by preferential issue of fully convertible warrants.

Tata group's market capitalisation surpasses $400 billion, boosted by TCS and Tata Motors

Tata Group became the first Indian conglomerate to race past a combined valuation of $400 billion on Friday. The salt-to-software group has 26 companies listed on the bourses, and they have added a whopping $100 billion over the last year.From June lows, the aggregate market capitalisation of the group has increased by 15.4%, which stood at $401 billion (₹33.6 lakh crore) as of Friday’s close.With a market capitalisation of $190 billion, Tata...

An economist outsmarted the lottery and won 14 jackpots. He explains the math

In an era where the odds of winning the lottery are akin to being struck by lightning, one man defied the near-impossible. Romanian economist Stefan Mandel, with the backing of a dedicated syndicate and strategic acumen, managed to clinch 14 lottery jackpots across the globe. Mandel's journey began with a fundamental understanding of lottery mechanics. "Theoretically, anybody can buy all the possible combinations. Any high school boy or girl can...

Rs 3.5 Lakh Net Worth Makes You Richer Than 50% Of The World: Study

To be in the top 10 per cent of the world’s population, you may not need as much money as you think. According to the Credit Suisse Research Institute’s 2018 Global Wealth Report, you don’t even need six figures.A net worth of $93,170 (Rs 77,98,110) is enough to be richer than 90 per cent of people in the world, reports Credit Suisse. The institute defines net worth, or “wealth,” as “the value of financial assets plus real assets (mainly real...

Taxes increased because…: Finance Minister Nirmala Sitharaman opens up on Budget 2024

Finance Minister Nirmala Sitharaman is still open to comments and suggestions on the budget, however now the finance bill is the property of Parliament, she says.

Banks need to focus on their core business: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman in an interview with ET has emphasized that banks must refocus on their primary roles of mobilizing deposits and providing loans, especially amid concerns about slowing deposit growth. Sitharaman reiterated the need for banks to prioritize their core functions—mobilizing deposits and lending—while still being free to pursue other activities.

Telcos pay Rs 1,000 crore for first installment of 5G spectrum

The Department of Telecommunications received over Rs 1,000 crore from Bharti Airtel, Vodafone Idea, and Reliance Jio for their 5G spectrum purchases. All three telecom companies opted for annual installments. Airtel made the highest first installment payment, followed by Vodafone Idea, and Reliance Jio. The telcos will receive their allocated frequencies shortly for their new spectrum purchases.

Gold futures rise Rs 328 to Rs 67,790 per 10gm

New Delhi, Jul 26 (PTI) Gold prices on Friday rose Rs 328 to Rs 67,790 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand

Golden Opportunities: The Benefits Of Investing In Gold And Essential Documents Required

Gold has long been regarded as a premier investment option, highly favoured in India due to its high liquidity and ability to counter inflation. Investors in India have a variety of ways to invest in gold, ranging from traditional physical forms to modern financial instruments. While gold does not provide regular income like stocks or bonds, it often offers significant advantages such as liquidity and inflation protection. Investors who do not...

Retirement planning for NRIs: Investing in India

Considering the potential India has in the coming future, it will help to build a good portfolio and generate returns over the long term

Gold prices fall Rs 5,000/10gm post custom duty cut: What it means for buyers

This price drop has caught the attention of both investors and buyers as the cut in customs duty has made gold imports less expensive.

India Gold, Silver Prices Fall Nearly 5% On Budget Day Following A Cut In Basic Custom Duty

Karnataka man's satire video on how to save 100% income tax is viral

A Karnataka man posted a satirical video, explaining how salaried individuals could save 100 per cent of income tax by "growing and selling grass to their employers".

Mankind pharma share price opens 4.6% higher as is set to buy 100% stake in Bharat Serum and Vaccines

Stock market Today: Mankind Pharma share price opened 4.6% higher post to its announcements pertaining to acquisition of 100% stakes in Bharat Serums and Vaccines Limited. Check details

Deepika Padukone: With a net worth of Rs 500 crore, here's a look into the 'Kalki 2898 AD' actress

Renowned Bollywood star Deepika Padukone, known for her roles in ‘Jawan,’ ‘Fighter,’ and ‘Kalki 2898 AD,’ boasts a net worth of Rs 500 crore. As one of the top taxpayers in the industry, her wealth is fueled by substantial film earnings, diverse brand endorsements, strategic investments, and a notable real estate portfolio.

Which financial tool is most suitable for different types of emergencies?

Sachin managed his financial emergency through an emergency fund, credit cards, and a personal loan, ensuring stability and support during unexpected job loss and relocation.

Cryptocurrency Price Today: Bitcoin Climbs Above $66,000, AAVE Becomes To Gainer

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to recover from its losses as it rose above the $66,000 mark for the first time this week. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — mostly saw minor gains and losses across the board as the overall Market Fear & Greed Index stood at 59 (Neutral) out of 100, as per CoinMarketCap data....

Yes Bank Share: SELL rating by ICICI Securities; Here's why

Yes Bank Share Price Target 2024: Yes Bank is a penny stock under Rs 30. ICICI Securities has maintained SELL rating on Yes Bank. It said that valuations appear fully pricing in the financial turnaround.

India's forex reserves jump $4 billion to record high of $670.857 billion: RBI

India's foreign exchange reserves surged by $4 billion to reach $670.857 billion for the week ending on July 19, according to the Reserve Bank of India (RBI) on Friday. This rise follows an earlier jump of $9.699 billion, bringing the reserves to an all-time high of $666.854 billion for the week concluding on July 12.

SC to examine illegal money lending business by people with "Shylockian attitude"

New Delhi, Jul 26 (PTI) The Supreme Court has decided to examine and lay down law to check unlicensed money lending business in India for rescuing hapless borrowers who are driven into a debt trap by moneylenders having "Shylockian attitude"

The Black Day for Gold: How Rs 10 lakh crore wealth got destroyed in a single day

The pen is known to be mightier than the sword, and Finance Minister Nirmala Sitharaman proved it in one fell swoop. By announcing a cut in gold customs duty in the Union Budget 2024, gold prices tumbled over five percent, wiping off over Rs 10.7 lakh crore in value in a single day. When compared to the equity markets, this move caused the sixth largest wealth erosion recorded so far. More importantly, the wealth destruction is likely to have...

Thailand plans to give $275 cash handouts to 50 million low-income citizens

Thailand plans to spend $13.7 billion giving cash handouts to 50 million people in a bid to stimulate its economy.

Fixed deposits: Can you double your money in 10 years by investing in FDs? Check rates of these 6 banks to find out

The rule of thumb is that longer the tenure, higher the rate of interest. So, when you want to maximise your earnings, you are advised to stay invested for a long period of time.

US inflation rises moderately in June

The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department's Bureau of Economic Analysis said on Friday. In the 12 months through June, the PCE price index climbed 2.5% after rising 2.6% in May.

Share price of BEL jumps as Sensex gains 515.17 points

Promoters held 51.14 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 17.43 per cent and 16.08 per cent, respectively.

'Kalki 2898 AD' worldwide box office collection day 28: The Prabhas and Deepika Padukone starrer crosses Rs 1100 crore

On its 28th day, Nag Ashwin’s sci-fi epic Kalki 2898 AD has surpassed ₹1100 crore globally. Featuring Prabhas, Deepika Padukone, Kamal Haasan, and Amitabh Bachchan, the film, released on June 27, ends on a cliffhanger, setting up a sequel. It has earned positive reviews and performed well worldwide.

Income Tax: How can you escape paying tax on ₹10 lakh in annual income?

For income up to ₹10 lakh, the old tax regime is generally more beneficial in terms of tax savings. This is because it provides a wider range of exemptions and deductions.

Breaking the cycle: How to stop money worries from affecting your mental health?

Financial stress is a common struggle that can affect anyone, leading to unhealthy coping mechanisms. It is crucial to recognize the signs of financial stress and take proactive steps to manage finances effectively.

India's Forex Reserves Hit Fresh All-Time High of $670.85 Billion, Surge $4 Billion

India’s foreign exchange (forex) reserves has hit a fresh all-time high of $670.857 billion, surging $4 billion during the week ended July 19, according to the latest RBI data released on Friday. The overall reserves had jumped $9.699 billion to an all-time high of $666.854 billion in the week ended July 12.The RBI’s gold reserves rose $1.329 billion to $59.992 billion during the week.For the week ended July 19, foreign currency assets, a major...

ITR filing 2024: How many times can you change your tax regime in a financial year?

Tax regimes: The Income Tax Department offers individuals the opportunity to select their income tax regime for a given financial year. The frequency of switches permitted depends on your profession or specific criteria set forth by tax regulations.

Why so many Gen Zers and millennials have 'money dysmorphia' — even if they are financially better off than they realize

A financial therapist said Gen Z and millennials have "pervasive" anxiety about their wealth, even if they're financially secure.

IREDA Share Strategy: PSU Green Energy stock available at 16% discount over all-time high; BUY?

IREDA Share Strategy: Shares of IREDA has declined significantly from its all-time high of Rs 310, and is now available at a discount of more than 16 per cent from that peak. What should investors do with the PSU Green Energy stock? Is it the right time to buy?

Gold Prices Today: Yellow metal trades higher on low yields after US Fed's preferred inflation gauge lifts rate cut bets

Spot gold was up about 1% to $2,386.99 per ounce by 10:17 a.m. ET (1417 GMT), after hitting its lowest since July 9 on Thursda

Russian central bank hikes rates by 200 bps to 18%, highest in more than 2 years

Russia's central bank hiked its key interest rate by 200 basis points to 18 per cent on Friday as it grapples with high inflation and an overheated economy, bringing the cost of borrowing to its highest in more than two years. The regulator also revised its inflation forecast for 2024, raising it to 6.5–7.0 per cent. It sees annual inflation declin...

Black Money Act amendment to remove penalty on non-disclosure of foreign assets worth Rs 20 lakh

An amendment in the Black Money Act will give taxpayers relief from penalty in case they fail to disclose overseas assets worth Rs 20 lakh, Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal said, adding that however the obligation to report the transanction is not done away with. The Black Money Act amendments in Section 42 and 43 will be a part of the Finance Bill. Black Money (Undisclosed Foreign Income and Assets) and Imposition of...

Mutual Funds: 5 important factors that you must check before investing

Mutual funds offer a potent avenue for wealth accumulation, but it’s crucial to educate yourself before making investments.

Paytm shares surge 10% after government approval for payments arm investment

Paytm share sugre: Beleaguered fintech major Paytm's parent One97 Communications witnessed a significant boost in its share price, surging 10 per cent to an intraday high of Rs 509.05 apiece on the NSE, following news of government approval for a crucial investment in its subsidiary, Paytm Payment Services. This approval, confirmed by Financial Ser...

Budget Open House: Taxes have not been increased because I want more money, says FM Sitharaman

Days after presenting the Union Budget 2024, Finance Minister Nirmala Sitharaman said that taxes have not been increased because the government wants more money but to ensure all budget classes are treated similarly.“Taxes have not been increased because I want more money… The decision is based on the idea that every asset class has to be treated similarly,” Sitharaman said at an industrial interaction ‘Budget Open House’ organised by The RP...

Sitharaman may open doors for private firms in all public sectors

Finance Minister Nirmala Sitharaman has indicated a significant shift in India's economic policy by suggesting that private companies may soon be able to invest in all public sectors. This interview with The Economic Times echoes the Finance Bill 2021, which has already received cabinet approval.

Kerala Banker Fled With Rs 30 Crore; Bought Land, House and Luxury Items With the Money: Officials

A shocking incident has come to light in Kerala’s Thissur where an employee of a private financial institution absconded with Rs 20 crore. Dhanyamohan, a native of Kollam, was working as Assistant General Manager at the Walapad Financial Institution. She had been employed at the institution for nearly 18 years and is now accused of orchestrating a complex financial fraud. According to reports, the fraud involved systematic transfers from digital...

Paytm shares surge 10% to hit upper circuit. Here's why

Shares of One97 Communications Ltd, the parent company of Paytm, surged by 10% to reach the upper circuit limit.

10 tried and tested ways to save money

Discover tried and tested methods to save money effectively and build a more secure financial future...

MTNL shares up 120% in a month; BSE, NSE seek clarification on '$5.1 billion bond bill' report

MTNL share price: The stock surged 5 per cent to hit its upper circuit level (also a fresh one-year) of Rs 97.08. At this price, it has given multibagger returns in the past one month by rallying 119.74 per cent.