Finance News

PowerGrid issues non-convertible bonds worth Rs 600 cr

Power Grid Corporation of India informed that the Committee of Directors for Bonds, in their meeting held today i.e. on 24th March, 2023, have approved the raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXXII (72nd) Issue 2022-23 on Private placement upto Rs. 600 cr, via an exchange filing. The issue is b...

Rupee slips 4 paise to 82.24 against dollar in early trade

Early on Friday, the rupee lost 4 paise to 82.24 against the US dollar due to weaker domestic equities and a stronger dollar in international markets. As the US dollar strengthened against other major currencies in early Asian trade, the local currency at the interbank foreign exchange market opened 12 paise lower at 82.32. The rupee recovered some...

Blow to debt mutual fund investors, long-term tax benefits removed

The development is a big blow to people who plan to invest in debt mutual funds that became popular due to long-term tax benefits. With this, the popularity of debt mutual funds in India is also likely to fall.

Low Gross Profit.

Stocks within this list have reported lower Gross Profit margins from the prior quarter.

Flipkart, retailer ordered to pay Rs 25,000 compensation after buyer gets soap instead of Apple iPhone 11

A buyer who received a bar of dishwashing soap and a little keypad phone instead of the iPhone he had bought has filed a complaint with the Consumer Protection Commission, which has ordered the e-commerce giant Flipkart and the store to pay Rs 25,000. This reimbursement would be made in addition to the Rs 48,999 refund that was given to customer Harsha S, a student from the district capital city of Koppal in Karnataka, for the iPhone. In a bid...

Long-term capital gains in debt mutual funds set to go

New tax on InvITs to be on a lower base

Gold returns to $2,000 as dollar descends into post-Fed abyss

By Barani Krishnan Investing.com - The dollar is falling into a post-Fed abyss and gold is making the most of it. The yellow metal returned to $2,000 an ounce on Thursday as gold for April delivery settled at $1,995.90 per ounce on New York’s Comex,...

Mahindra Finance to allot NCDs worth Rs 285 cr

Asia FX weakens as dollar steadies from Fed-driven losses

By Ambar Warrick Investing.com -- Most Asian currencies fell on Friday and the dollar steadied near seven-week lows as markets speculated over how imminent a pause in interest hikes may be, although dovish signals from the Federal Reserve put most...

The tech tycoon spending $2 million a year to be 18 again

Gold pinned near $2,000, overtakes dollar as premier safe haven

By Ambar Warrick Investing.com-- Gold prices stuck to near key levels on Friday, outpacing the dollar for a third straight week as signs of a less hawkish Fed and turmoil in the banking sector saw traders turn to the yellow metal as their preferred...

Dow futures tick higher, banking crisis weighs

By Oliver Gray Investing.com - U.S. stock futures were slightly higher during Thursday's evening trade, extending gains made in the regular session as investors digested the Fed's 25 basis point rate hike from earlier in the week, while the SPDR S&P...

Low Operating Cash Flow.

Companies within this list have reported low Operating Cash Flows from the prior quarter.

Meet Radha Vembu, the richest self-made woman who earns Rs 8 crore per day; Know about her net worth & lifestyle

Radha Vembu, the co-founder of bootstrapped software company Zoho is the sister of Sridhar Vembu.

Gold loan demand growing with youngsters preferring experiences over possessions

Demand for gold loans has increased around 15 per cent as compared to last year

Debt funds held over 3 yrs may lose indexation benefit, to be taxed as par with FDs

Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. Additionally the debt funds held for over three years will no longer enjoy indexation benefits and will not be eligible for a 20 per cent tax rate. Th...

Top 3 most popular currency on Money over the last month.

We have pulled currency that are the most popular amongst Money users over the past month.

4 benefits of instant personal loan that make it perfect for medical emergencies

With features such as quick disbursal and minimal documentation, instant personal loans may be the ideal option to help cover urgent medical expenses.

Explained: How interest rate hikes impact banks

A series of aggressive interest rate hikes by central banks around the globe have put serious pressure on small and mid-sized banks, triggering panic in stock markets across the globe. So how do interest rate hikes impact banks? Here's all you need to know.

Aether Industries to set up new units in Gujarat with investment of Rs 1,000 crore

With an indicated investment of Rs 1,000 crore, generating future employment for more than 1,000 people, Aether Industries aims to commission the plants by the year 2025, the statement added.