Food and Drink

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Indian Thali Gets Cheaper In August: Is Food Inflation Trending Down? | Veg Vs Non-Veg | Business @9

CRISIL: The cost of a vegetarian thali has decreased by 8%, thanks to the reduced prices of tomatoes. This brings relief and suggests that food inflation may finally be stabilizing. Keep an eye on Vijay Sardana, an expert in agri businesses, and Pushan Sharma, Director of Research at CRISIL Market Intelligence and Analytics.#foodinflation #inflation #etnow #vegetableprices #foodprices #businessnews #topnews

2024-09-06T16:37:40Z

Financial Independence: 5 best investment options with high returns in 2024

Investing is a dynamic process. Regularly revisit and adjust your investment plan to align with your evolving financial goals and risk tolerance.

2024-08-15T15:16:41Z

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

Business News LIVE Updates Today September 8, 2024: China opens its manufacturing and healthcare sectors to foreign investment

Business News LIVE Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more.

2024-09-08T04:28:47Z

Minda Corp board to consider fundraise via QIP in upcoming board meeting; shares up by 2%

Minda Corp board is likely to consider a fundraise in its board of directors meeting proposed to be held on Thursday, September 12, 2024. The company in an exchange filing said, "Board of Directors of the Company is proposed to be held on Thursday, September 12, 2024 to consider, inter-alia the proposal for fund raising through issue of equity shares or any other equity based instruments / securities by way of preferential issue, qualified...

2024-09-09T06:10:53Z

Gold Rate Today In India: Check 24 Carat Price In Your City On September 9

Gold Rate Today In India: On September 9, gold prices in India were around Rs 73,000 per 10 grams. The price of 24-carat gold, known for its highest purity, stood at Rs 72,860 per 10 grams. For jewellery buyers, 22-carat gold, which is more durable due to its alloy composition, was priced at Rs 66,790 per 10 grams.Silver, on the other hand, was trading at Rs 84,400 per kilogram.Gold rate today in India: Retail gold price on September 09Check...

2024-09-09T04:12:28Z

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

Dollar tentative, yen dips on muddled Fed rate-cut outlook

The dollar remained steady while the yen gave up some gains as investors awaited a Federal Reserve rate cut decision. Mixed U.S. jobs data left traders uncertain about the scale of the cut. The yen, euro, and sterling showed minor changes in early Asia trade, with eyes on upcoming U.S. inflation data for further clues.

2024-09-09T02:48:21Z

Argentina: Cash-Strapped Province Launches Own Currency Amid Economic Woes |

In the remote province of La Rioja, Argentina, a bold economic experiment is unfolding. Facing a deep recession after federal fund cuts under President Javier Milei's government, Governor Ricardo Quintela introduced the "Chacho"—a local currency aimed at keeping the province afloat. Distributed to government employees, the Chacho is accepted by local businesses and can be exchanged for Pesos after a waiting period. While the move has temporarily boosted the local economy, concerns about its long-term viability remain. Quintela's plan reflects the province’s struggle to survive in an economy teetering on the brink, sparking debate nationwide. Watch our video to learn more.

2024-09-06T03:25:00Z

Indel Money to on board 2 banks for outward remittances in next one month

Non-bank lender Indel Money is expected to on board two banks for outward remittances in the next one month, Umesh Mohanan, executive director and chief executive officer of the NBFC, told Moneycontrol. “We are currently having around three banks and we are signing up with two more banks. The due diligence is going on because a lot of checks and balances have to be done before they are on board with us,” Mohanan said. He added that out of the...

2024-09-09T07:40:54Z

US CPI in the spotlight next week as markets seek clarity on Fed's first rate cut

By Kaynat Chainwala, AVP Commodity Research at Kotak SecuritiesMarkets ended on a weaker note as the highly anticipated US jobs report failed to provide clarity on the scale of potential rate cuts, leaving traders disappointed. The US dollar experienced significant fluctuations as moderating US inflation pushed the dollar to 101.91, followed by a sharp pullback to 100.58 as lower-than-expected private payrolls and weaker jobs openings increased...

2024-09-08T17:55:44Z

'Elon Musk, Gautam Adani set to be world's first 2 trillionaires'

Elon Musk is projected to become the world's first trillionaire by 2027, according to a report. Billionaires like Gautam Adani and Jensen Huang are also expected to reach this milestone by 2028. The report highlights their impressive annual wealth growth rates and significant business achievements, marking a new era in global wealth accumulation.

2024-09-09T05:04:16Z

Vedanta Resources in talks with lenders to raise $1 billion through foreign currency bonds: Sources

Vedanta Resources PLC, the holding company of Vedanta Limited, has begun discussions with lenders to raise up $1 billion through foreign currency bonds, sources aware of the development told Moneycontrol requesting anonymity. According to the sources cited above, billionaire Anil Agarwal led metals and mining conglomerate plans to refinance up to $600 million of bonds maturing in 2026 and also raise fresh funds towards equity infusion in some of...

2024-09-09T06:55:53Z

5 SBI Fixed Deposit Schemes That You Must Take Note Of

State Bank of India (SBI) has introduced a new fixed deposit scheme called Amrit Vrishti. This scheme offers attractive interest rates for both domestic and NRI customers. Previously, SBI launched other schemes like SBI Amrit Kalash and SBI WeCare. The SBI Amrit Kalash scheme is for both general and senior citizens, while SBI WeCare is only for senior citizens. The SBI Amrit Kalash scheme runs for 400 days. It offers an interest rate of 7.10...

2024-09-09T06:42:32Z

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

5 Tax Saving Mistakes To Avoid

Navigating the complexities of tax-saving strategies requires diligence and awareness of available deductions and exemptions. Making informed decisions can significantly reduce tax liabilities and optimise financial planning. By being aware of these pitfalls, you can ensure you claim all the deductions and benefits you’re entitled to, saving you valuable rupees come tax season.Taxpayers have access to various provisions under the Income Tax Act,...

2024-03-10T10:30:15Z

Retirement planning: How to invest Rs 95 lakh PF money for a monthly income of Rs 1 lakh after retirement?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

2024-09-06T06:37:56Z

Transform Your Salary Into Savings: Know What Is 50-30-20 Rule

Imagine your monthly paycheck as a pie. You can enjoy your favourite slice now, but you also need to save some for later and cover the essentials. The 50-30-20 rule simplifies the art of dividing that pie—so you get the most out of today without worrying about tomorrow. This timeless method can help you build a balanced, financially secure life in India’s ever-growing financial landscape!What Is The 50-30-20 Rule Of Budgeting?The 50-30-20 rule...

2024-09-09T05:27:28Z

Big Rewards! 1:3 & 1:5 Bonus Shares Announced: Two Penny Stocks Set October 4 As Record Date

Two micro-cap companies have set their record date for bonus share. Both the companies have set October 4 as the record date. Read all the details here.

2024-09-08T10:06:22Z

6 ways to save tax without making any investment

There are several provisions in the Income Tax Act, 1961, that allow individuals to save tax on expenses incurred by them, even if they have not made any specific investments for tax-saving purposes.

2024-06-25T07:24:56Z

Cryptocurrency Prices on September 5: Bitcoin surges above $57,000; Ethereum and Litecoin gain up to 4%

On September 5, the cryptocurrency market experienced a modest rebound, with Bitcoin and Ethereum gaining 1.2% and 1.3%, respectively. Other major coins like Solana and Dogecoin also saw notable increases. Despite the recovery, the Fear & Greed index fell to 34, signaling cautious market sentiment.

2024-09-05T09:46:47Z

Love and loyalty: 10 signs you have a faithful and loyal partner

Love, communication, trust, honesty, and intimacy are frequently cited as the cornerstones of a successful relationship. Loyalty in a relationship is also important for a healthy and positive bond. Lack of commitment or cheating are signs of low loyalty, but unwavering devotion to your partner goes beyond fidelity. It is about staying committed to your … Continue reading "Love and loyalty: 10 signs you have a faithful and loyal partner"

2024-06-13T08:06:53Z

Dhanush And Nagarjuna Enthrall in The New Poster Of Sekhar Kammula’s Directorial Kubera

The makers of upcoming Pan India film Kubera have released a new poster of the film that features Tamil star Dhanush and Nagarjuna. This is the first time Nagarjuna and Dhanush are sharing screen. Kubera, directed by Sekhar Kammula, is shaping up to be a socio-drama of epic proportions, filmed on a grand scale in both Tamil and Telugu.

2024-09-08T06:23:42Z

2024-09-04T12:10:28Z

Adani warns Bangladesh of $500 mn 'unsustainable' payment delays as energy crisis looms

The Adani Group has warned Bangladesh's interim government, led by Muhammad Yunus, about a $500 million backlog in unpaid dues from a major power project. Despite financial strain, Adani remains committed to supplying power. The new administration plans to re-evaluate previous energy deals for better financial efficiency.

2024-09-09T05:18:37Z

Trump threatens 100% tariff to defend dollar’s global dominance: Implications for India and beyond

Donald Trump announced a plan to impose a 100% tariff on goods from countries that move away from using the US dollar in international trade. This strategy targets de-dollarization efforts by nations like China and India. The announcement comes as Trump campaigns against Kamala Harris, emphasizing economic nationalism and defending the dollar's global dominance.

2024-09-09T02:01:26Z

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

6 Reasons Why You Should Choose Mortgage Loans in India

Discover the 6 reasons to choose mortgage loan in India, including lower mortgage loan interest rates, flexible repayment options, and tax benefits.

2024-09-06T11:55:22Z

Business Buzz: Get All Stock Market & Business Updates in Just 2 Minutes! | ABP News

India has surpassed China in the emerging markets investment index, according to a report released by Morgan Stanley on Saturday. The report suggests that India could attract investment up to ₹36,000 crore. This shift highlights India's growing appeal as an investment destination, reflecting increased investor confidence and economic potential compared to China. In a related development, Ajay Singh, the promoter and chairman of SpiceJet, is...

2024-09-09T05:35:25Z

US Economy At Risk As Fed Delays Interest Rate Cuts, Warn Analysts

A BCA Research analyst warns that the US Federal Reserve's delayed interest rate cuts may lead to a recession. Despite market forecasts hinting at potential rate cuts in September, concerns remain about economic instability. Analysts are divided, with some pointing to manufacturing slowdowns and increased stress as recession triggers.

2024-09-08T10:06:22Z

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

PPF, Sukanya Samriddhi: 5 new rules for your small-savings account. Here’s what you need to know

For those who have multiple small savings accounts under the Public Provident Fund (PPF), the Sukanya Samriddhi Account Scheme (SSAS), or the now defunct NSS-87 (National Savings Scheme), there’s trouble. The government has announced new rules pertaining to investors who have opened multiple accounts over the years, which had gone unnoticed so far. Here’s what they mean. Not more than one PPF accountIn a circular that the Ministry of Finance...

2024-09-08T11:25:49Z

Mukesh Ambani's Jio Financial And BlackRock Form Joint Venture To Launch Investment Advisory Services

Jio Financial Services (JFS) has partnered with BlackRock Advisors to form Jio BlackRock Investment Advisers, a joint venture for investment advisory services. Incorporated on September 6, 2024, the venture awaits regulatory approvals. JFS has invested Rs 3 crore for 3 million equity shares as it expands its financial product offerings, including home loans.

2024-09-08T16:36:28Z

Adani Green Energy redeems $750 million worth of bonds

Adani Green Energy Ltd has redeemed $750 million in bonds ahead of schedule as part of its deleveraging efforts. The company’s renewable energy capacity has grown significantly, and it aims to achieve 50 GW by 2030. This aligns with India's decarbonization goals and positions AGEL as a key player in sustainable energy solutions.

2024-09-09T06:49:23Z

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On September 9

Petrol, Diesel Prices Today On September 9, 2024: Every day at 6 am, oil marketing companies (OMCs) announce the price of petrol and diesel, maintaining consistency despite the inherent volatility of these commodities. The OMCs adjust prices in response to global crude oil prices and fluctuations in foreign exchange rates, ensuring consumers are always informed about the latest fuel costs.Petrol Diesel Price Today In IndiaCheck city-wise petrol...

2024-09-09T02:27:25Z

Why biodiversity urgently needs more financing options

The financial market for biodiversity is challenging due to difficulties in measurement and investment options. John Tobin-de la Puente of Cornell University suggests that more complex financial contracts and long-term commitments are needed to attract private investment.

2024-08-29T04:56:06Z

Libra, Weekly Horoscope, September 08 to September 14, 2024: Experience financial growth this week

Libras will experience financial growth this week, enhancing family life and social standing. Career opportunities are promising with potential promotions or successful business deals. Mid-week brings further financial success through investments or savings. Health remains stable but requires attention to avoid stress.

2024-09-08T03:01:40Z

IIM Bangalore’s financial aid and scholarship options: Everything you need to know

On August 12, the Ministry of Education released the NIRF 2024 rankings, with IIM Bangalore securing the number 2 spot in the management category, a position it has held since 2020. Aspiring students face high costs for admission, but IIM Bangalore offers various scholarships and financial aid options to support them. Let’s explore them.

2024-09-08T12:37:32Z

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

Stock Split Under Rs 100: Record date on September 19

Stock Split Under Rs 100: A textile stock under Rs 100 is all set become cheaper by 10 times as the company has announced the sub-division. The split take effect in the ratio of 10:1, meaning each stock will split into 10 shares.

2024-09-09T04:32:31Z

Is luxury losing its luster? How status symbols became commonplace

Luxury brands are increasingly common, raising questions about the true value of their exclusivity. Despite rising disposable incomes, spending on luxury items often lacks practical use and comes at the expense of long-term savings and financial stability.

2024-08-26T08:41:48Z

How to navigate and work with the household’s joint financial decisions

There is no magic formula to ensure harmony in the household, but there is a case for building an operating process with respect to money. Bigger decisions on career, location, high-value assets, big-ticket spends are all issues for an open discussion and building of agreement, if not consensus.

2024-09-09T01:09:13Z

Home loans for properties above Rs 75 lakh surge in four years; check which bank is offering cheapest home loan interest rate

In line with a recent Knight Frank report, the market's steadiness is apparent in the rising volume of mortgage applications for homes, which currently constitute a substantial share of India's housing sales, surpassing Rs 1 crore and representing 41%. This information indicates that the upsurge in sales is not merely a momentary event but rather a continual trend.

2024-09-09T07:09:18Z

As Warren Buffet celebrates his 94th birthday, here are 5 lessons from Oracle of Omaha's investment philosophy

A former student of Benjamin Graham, Buffett is known as a legendary value investor, though he is also believed to incorporate an emphasis on management quality and company growth prospects.

2024-08-30T09:29:14Z

Man duped of Rs 6 crore in gold bars by scammers; here’s how

The self-employed man received a call from scammers impersonating police officers, reports said.

2024-09-04T08:40:42Z

Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, US nonfarm payrolls to Japan’s GDP

Indian stock market: Gift Nifty was trading around 24,832 level, a discount of nearly 80 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

2024-09-09T02:07:19Z

Zodiac signs who love money

Zodiac signs who love money

2024-09-04T07:07:02Z

Deep Industries shares soar 18% after bagging contract worth half of its market cap

Shares of Deep Industries Ltd., the oil and gas company, known for drilling, exploration and production activities, rose as much as 18% on Monday after the company announced an order win over the weekend.The Ahmedabad-based company said it had won an order worth ₹1,402 crore for production enhancement operations from ONGC.This is not only the largest ever order for the company, but it is also worth 50% of its overall market capitalisation, which...

2024-09-09T04:58:38Z

Ganesh Chaturthi 2024 Special: 5 ways to welcome financial prosperity into your life

Ganesh Chaturthi signifies the start of India's festive season, highlighting financial reflection and growth opportunities. Consumer spending is projected to rise by 47%, with millennials leading.

2024-09-07T01:01:35Z

Newsletter | Gold, Silver drop amid stronger dollar; Apple iPhone SE's potential early refresh & more

From gold and silver drop amid stronger dollar to Apple iPhone SE's potential early refresh — here are the top 11 news stories across business, global events, tech, and more#LatestNews⚡️HAL share price surges over 5% after ₹26,000 crore order win; Antique says 'attractively valued'Shares of Hindustan Aeronautics Ltd. will be in focus today after the Cabinet Committee on Security approved the procurement of 240 AL-31 FP aero-engines from the...

2024-09-03T06:20:11Z