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LG India has selected banks for its Indian IPO, plans to present offer soon as it eyes $1.5 bn valuation

South Korea’s LG Electronics Inc. is preparing for a potential initial public offering (IPO) of its Indian business, which could raise up to $1.5 billion. According to sources familiar with the matter, the company has selected several major banks, including Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley, to manage the offering.The IPO could take place as early as next year and aims to raise between $1 billion and $1.5 billion,...

2024-09-16T07:28:49Z

Govt's attempt is to make tax rates simpler, middle class being kept in mind: FM Sitharaman

The Union Government has kept the interests of the middle class in mind while formulating tax rates, and is constantly trying to keep it simpler while giving more options to them via the new tax regime, Finance Minister Nirmala Sitharaman said on September 16. “Since 2019, the attempt has been to simply direct taxation. Attempt has been to make the process simpler, which is why a new regime was brought in and rates kept low. We gave the option...

2024-09-16T13:13:51Z

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

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

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

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

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

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

​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

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

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

Why is money not credited in the demat account after squaring off position on Friday? Zerodha's Nithin Kamath explains

Stock Market Today: Today is a settlement holiday, and thus, settlements of funds and stocks don't happen. Banks in Maharashtra are closed, but trading on exchanges is open, said Zerodha founder Nikhil Kamath in a tweet.

2024-09-16T07:55:09Z

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

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

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

4 Smart Strategies To Save Money While Managing Your Spendings

Tips To Save Money: One of the most crucial habits you can form is saving a portion of your income, as it acts as a safety net to help you navigate difficult times and unforeseen challenges. Having a financial cushion ensures that you won't have to rely on credit cards or loans, which can lead to debt and worsen an already challenging situation. By systematically saving even a small portion of your monthly salary, you can eventually build a fund...

2024-09-10T11:03:11Z

Mutual Funds bought Rs 4,200 crore of Adani stocks in August amidst heightened interest

The Adani Group of companies are slowly and steadily seeing an increase in the interest level by mutual funds as the net buying by funds is consistently rising over the past few months with the net buying in August pegged at over Rs 4,200 crore. This assumes significance as the monthly net buying in July was around Rs 2,000 crore, which was in turn, significantly higher than the past two months -- June and May saw mutual funds buying Adani Group...

2024-09-16T03:43:47Z

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

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

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

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

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

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

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

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

How are NRIs taxed in India after Budget 2024? A layman's guide

With the 2024 Union Budget introducing new changes in taxation, this guide will break down what NRIs need to know, using real-life examples and insights from tax experts.

2024-08-21T07:56:45Z

2024-09-16T13:44:19Z

House Property Income: What Are Its Tax Implications? Explained

The money you earn from a house, be it through rent or its transfer, it falls under the category of 'income from house property.' Essentially, any property like a house, building, office, or warehouse is considered 'house property' as per the Income Tax Act.

2024-01-07T13:00:58Z

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

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

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

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

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

Karnataka online trading frauds: Losses skyrocket from Rs 23 crore in 2022 to Rs 903 crore by mid-2024

In April this year, Saurav Kumar*, a resident of Bengaluru’s Electronics City, came across an advertisement for stock market investments while browsing Facebook. Intrigued, Kumar joined the WhatsApp group that the Facebook post recommended, where stock market tips were regularly shared. Many of the group members were sharing the gains made on their investments and their success in getting shares allocated during initial public offerings (IPOs)....

2024-09-16T09:44:01Z

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

Adani Power, Adani Green Energy shares surge

New Delhi, Sep 16 (PTI) Shares of Adani Power jumped over 5 per cent on Monday after the Adani group won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4

2024-09-16T12:03:14Z

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

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

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

2024-09-05T12:37:34Z

Gold near record highs: How far can prices rise?

Gold prices are trading near all-time highs. This is due to a weaker dollar and expectations of US interest rate cuts. On Monday, September 16, spot gold rose 0.2% to $2,580.81 per ounce.It follows Friday’s record high of $2,585.99 per ounce.In India, 24-carat gold was priced at ₹73,690 per 10 grams.The rate increased by 2.52% over the past week. In the last 10 days, it rose by 2.87%.What’s driving gold’s rise?Weaker dollarThe dollar weakened by...

2024-09-16T04:31:21Z

NPS-like scheme for retirement: This new pension plan offers market-linked return plus term insurance; should you buy?

NPS like schemed for retirement days: ICICI Prudential Life Insurance has launched ICICI Pru Signature Pension, a market-linked pension plan plus term insurance. Investors can allocate premiums among equity, debt, and balanced funds and choose from three portfolio strategies. On maturity, 60% can be withdrawn, while 40% must be invested in an annuity scheme. The plan has no guaranteed returns. The structure of the plan is very similar to the...

2024-09-10T06:39:45Z

UPI Transaction Limit Increased To Rs 5 Lakh For These Payments

The popularity of UPI payments is increasing across the country with more people joining the system every day. Whether it’s purchasing everyday items or sending money to someone, UPI has emerged as a convenient and go-to payment option for all of us. The interface allows easy money transfers without much hassle. However, earlier there was a limit to a single transaction which has now been raised by the authorities.The National Payments...

2024-09-16T06:45:20Z

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

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

Woori Bank adds two new branches, to expand presence in India

Mumbai: Woori Bank has expanded its operations in India by opening two new branches in Pune and Ahmedabad. These branches add to the bank's existing presence in Chennai, Gurgaon, and Mumbai. The expansion is part of the bank’s plan to increase its services to corporate and retail clients across key cities in India.A bank spokesperson said that the ...

2024-09-16T08:22:12Z

When do you get an income tax refund?

An assessee becomes entitled to an income tax refund when the tax they have paid exceeds what they are liable to pay in a financial year

2024-03-23T07:02:35Z

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

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

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