NPS charges: ₹20,000 a year on ₹1 crore corpus; what subscribers should know before investing through PoP

Thinking about joining the National Pension System (NPS)? The choice you make between accessing e-NPS or utilizing a Point of Presence (PoP) can greatly influence your overall costs for years to come. Grasping the fee structures associated with PoP and any potential extra charges is vital for both newcomers and seasoned subscribers. Uncover the best approach for your retirement investments.

India's balance of payments posts USD 45.4 billion surplus in August: RBI

Mumbai (Maharashtra) [India], October 15 (ANI): India’s overall balance of payments (BoP) recorded a surplus of USD 45.4 billion in August 2026, compared with a deficit of USD 5.6 billion in the same month last year, supported by a sharp rise in foreign currency inflows, particularly non-resident Indian (NRI) deposits, according to data released by the Reserve Bank of India (RBI) on Thursday.The sharp improvement comes even as India’s current...

How much retirement corpus do you need if you have ₹1 lakh monthly expenses now? Experts say it depends on these factors

Retirement planning involves personalized strategies for investing according to risk appetite and anticipated lifestyle changes. Factors like inflation and healthcare costs must be incorporated into calculating the necessary retirement corpus.

India's RBI has spent half of $140 billion FX capital haul in rupee defence, bankers estimate

India has used up about half of the more than $140 billion it mobilised through special measures to bolster its foreign exchange war chest earlier this year, highlighting pressure on the rupee and the central bank’s determination to turn the tide.The Reserve Bank of India’s (RBI) spot market dollar sales to support the local currency, alongside dollar-rupee sell/buy swaps aimed at absorbing surplus rupee liquidity in the banking system, are...

Psychology says people who can afford expensive restaurants but still feel uncomfortable may have an old money rule holding them back

They have enough money to pay the bill without worrying about rent, savings or next month's expenses. Yet, sitting down at an expensive restaurant brings an unexpected sense of discomfort. They study the menu prices, hesitate before ordering another drink and calculate how many everyday meals the same amount could buy. Even when someone else is paying, the guilt may not disappear. Psychology suggests that being financially secure does not always...

Jio Financial Services Q2 net profit falls 51% to Rs 340 crore

Jio Financial Services reported a 51% drop in Q2 FY27 net profit to ₹340.4 crore due to higher costs and absent dividend income, though core revenue surged 73% on strong lending growth.

Daily horoscope today: Delayed money lifts Taurus mood; tip urges calmer reactions

For those under the Taurus sign, today could bring unexpected financial perks from postponed reimbursements, providing a sense of ease. Yet, emotional fulfillment might be hindered by unrealistic expectations. It's essential to engage in open conversations with loved ones to prevent conflict, particularly around children. While persistence is key in work and finance, exercise caution against extravagance. Prioritizing health through stress...

Jio is a compelling addition, not a replacement, in fund managers' telecom portfolios

Fund managers see Jio Platforms as a compelling addition to their telecom portfolios, rather than a reason to reshuffle existing positions, with its growth prospects and attractive valuation offering a fresh investment opportunity. Jio's investment proposition rests on its scale, strong market position and expanding digital ecosystem, alongside an attractive valuation. Its listing will give investors an opportunity to participate directly in one...

Man laid off in his 40s reveals 3 things that changed after losing his job: 'It actually has major benefits'

Losing a job in your 40s can bring stress, especially after years of building a career. But one man who went through a mid-career layoff says the experience also changed the way he looks at friendships, money and work.The man, who runs the Instagram account ‘Midlife Reboot’, describes himself as an “18 yrs corporate leader” who was laid off. His profile says, “Proving that a midlife layoff isn’t the end, it’s the reset.”He Says A Layoff Shows...

5 investing choices that help your wealth grow even if markets don't behave as per your expectations | Personal finance

Investing requires careful planning regarding purpose, timing and risk. Establishing specific financial goals and maintaining consistent contributions.

Economist went looking into Musk’s charitable avatar and this is what it found

The investigation, by The Economist, revealed that Musk Foundation’s leadership comprises just three people: Elon Musk, the head of his family office Jared Birchall, and another family-office employee, Matilda Simon.

5 wardrobe essentials every corporate girl must have to look expensive and polished

If every morning feels like an exam you have to pass with that same question popping like "What should I wear?" and "How do I look good?" you're not alone. For corporate girls, looking polished every day shouldn't be a daily hassle. The trick is owning a few key pieces that do the work for you. Corporate Wardrobe Essentials Here are a few key pieces you need to own to look polished every day, without the daily hassle. 1. Satin Shirt This is the...

Why New York mayor Zohran Mamdani wants 15% of whatever NYU’s new quantum lab invents

New York City Mayor Zohran Mamdani has committed $29.2 million to NYU's Quantum Fabrication Facility (QFab) in Manhattan, set to open in 2030. In return, the city gets 15% of NYU's proceeds from intellectual property created with city-funded tools, plus three advisory board seats. Backed by $284 million in total funding, the new quantum lab will train CUNY students and support more than 100 companies.

Mediclaim rejected over hospital choice, woman gets Rs 1.73 lakh payout

Calling the rejection of an emergency medical claim inhumanity and cruelty , the Ernakulam commission ordered payment of Rs 1.18 lakh in medical expenses and Rs 55,000 in additional compensation and costs.

Who will manage your bank accounts and investments if you become incapacitated someday? Details here

Many overlook financial planning for incapacity, leaving their assets undiscovered. This is what one should do to ensure that their investments reach their family if they become incapacitated and how to trace a person's financial assets if they didn't leave records.

Tech Mahindra Q2 earnings: stock jumps 8% on profit beat, bonus issue; IT index lifts benchmarks

Tech Mahindra witnessed an impressive surge of over 8% in its shares following the announcement of remarkable quarterly earnings. The IT giant recorded a 32.74% year-on-year increase in consolidated net profit, buoyed by robust volume growth and effective cost management. In celebration of its 40th anniversary, the company also proposed a bonus issue.

RBI's rupee rescue isn't over yet. Here's what may come next

The Reserve Bank of India's measures helped the currency rebound from a near record low but analysts are questioning how long the relief can last.

Psychology says women who feel guilty spending on themselves were likely raised with these 3 beliefs

Hesitating before ordering the more expensive thing. Putting an item back because it feels unnecessary. Buying something and quietly hiding the receipt. For many women, spending money on themselves comes with a specific, nagging discomfort that has very little to do with how much is actually in the bank. Psychologists who study financial behaviour ...

5 sacred flowers of Goddess Lakshmi you must grow at home to attract wealth and prosperity

Goddess Laxmi is known as the goddess of wealth, fortune and prosperity. As per Hindu tradition, the goddess loves flowers as they carry deep spiritual significance.

How Wipro handed back 2.6 times its half-year profit to shareholders

A Rs 15,000 crore buyback and Rs 1,978 crore of dividends took Wipro's payouts well above what it earned in the six months to September, as September-quarter profit slipped 1.4% from a year ago.

How Akash, Isha Ambani’s missed college assignment led to the creation of Rs 10 lakh crore Jio

A failed college assignment by Isha Ambani helped spark the idea for Jio, which is now preparing for a Rs 30,213 crore IPO at a valuation of around Rs 10.3 lakh crore. Akash Ambani said the proceeds would go towards debt reduction, as Reliance seeks to unlock value from its digital business.

7 lucky plants that bring money, positive energy, and calm

There’s something almost magical about walking into a home filled with plants. The air feels lighter, the mood softens, and even the quiet corners seem more alive. Beyond their beauty, many people believe that certain plants carry the power to attract luck, wealth, and good energy. As city living becomes more fast-paced, people are turning to greenery not just for aesthetics but for emotional comfort. Plants help purify the air, reduce stress,...

US immigration fee hike takes effect today: Who faces higher charges and what it means for Indians

Certain USCIS fees are rising from October 16, 2026, under an annual inflation adjustment.

Ramayana Telugu rights: Why Dil Raju is paying Rs 54 crore instead of Rs 90 crore for Ranbir Kapoor’s film

There has been a lot of talk about how much Dil Raju is paying for the Telugu rights of Ranbir Kapoor’s Ramayana. While reports claimed the deal was worth Rs 80-90 crore, a leading distributor has now said the amount is actually much lower.Speaking to Deccan Chronicle, the distributor said Dil Raju has taken the film on an advance basis and will pay Rs 54 crore to release it in the Telugu states. “He has taken it on an advance basis and would be...

Trump White House ballroom donor list revealed: Apple, Nvidia, Google among top contributors to $333 million fund

A leaked list shows Apple, Nvidia, the Adelson family and Charles Ergen gave $25 million each to Trump’s White House ballroom.

US stocks vanish from broker account: How this salaried investor fixed his ITR

US stocks missing from a broker account, inaccessible statements and a looming ITR deadline put one salaried investor in a bind. Here’s how tax experts reconstructed his records, disclosed foreign assets and claimed Foreign Tax Credit.

Johnson, Reigns wealth compared: Celebrity Net Worth pegs $800m vs $14m; careers show WWE dynasty split

While Dwayne Johnson and Roman Reigns have both been connected to the Anoa’i wrestling dynasty and WWE, their journeys to financial success have taken different roads. Johnson used his wrestling fame to get into Hollywood, production and consumer brands, while Reigns built his profile through championships, merchandise and endorsements, and their stories illustrate how wrestling success can open doors outside the ring.

Idle money in your bank account? Your bank balance could be losing value; here’s how to fix it

Kotak MF halts subscriptions in two funds with exposure to Yes Bank AT1 bonds

Yes Bank's AT1 bonds were written off in March 2020 as part of the bank's reconstruction process. Following the write-off, the bonds were valued at zero in the two Kotak Mutual Fund schemes, according to the AMC.

Bajaj Consumer Care shares crash 10% despite 66% profit growth: Here's why

India, Oct. 15 -- The shares of this small cap company majorly engaged in the business of cosmetics, toiletries and other personal care products, plunged nearly 10 percent after announcing its Q2 FY27 result.

Railway employees to get Rs 17,591 annual bonus: But why other central government employees get just Rs 6,908

Indian Railway annual bonus: The central government has announced a Productivity Linked Bonus for non-gazetted Railway employees for FY 2025-26. Railway employees will receive a bonus calculated at 78 days' basic wages, amounting to Rs 17,951. In contrast, other central government employees receive a significantly lower bonus calculated at 30 days' wages. Various employee associations have demanded an increase in the bonus wage ceiling due to...

Couples, money, and the silent gaps no one talks about after 50

In this edition of Live to 100, we explore why financial dependence, not lack of wealth, is the biggest unseen risk for Indian couples over 50.

Mankind Pharma to buy 70% of Belgian CAR-T developer for 48 million euros

Mankind Pharma to acquire 70% stake in Belgium-based Armed Cell Therapeutics B.V. for EUR 48 million, marking its entry into CAR-T cancer therapies with a focus on innovative cancer cell treatment.

Federal Bank Q2 results: Rekha Jhunjhunwala-backed bank profit rises 45% to Rs 1,386 crore; NII jumps 26% - details

Federal Bank on Friday reported a 45.10 per cent year-on-year rise in net profit to Rs 1,386.09 crore for the July-September quarter of the financial year 2026-27, marking its highest quarterly profit.

India to overtake Japan as 4th-largest economy in 2027 with $4.52 trillion GDP: IMF

India is projected to overtake Japan as the world's fourth-largest economy in 2027, with nominal GDP reaching $4.52 trillion, according to the IMF. The fund raised India's 2026 growth forecast to 7%, while Japan is projected to grow just 0.7%.

Law student works for Blinkit, reveals day 1 earnings: 'A boon for people like me'

The law student clarified that his LLB remains his primary focus and that he took up delivery work to manage his expenses while continuing his degree.

How to detox your money: Try these 5 tricks for one month to understand your finances better

These 5 tricks help ‘detox your money’. You can help reset your spending habits by curbing unnecessary purchases while covering essential expenses.

Rs 10 lakh in debt fund vs FD: Which may leave you with more after tax?

Tax rules for debt mutual funds changed significantly from April 2023. For a new investment in a debt-oriented mutual fund covered by Section 50AA, gains are treated as short-term capital gains irrespective of how long the investment is held.

Indian-Origin Doctor Says Mom ‘Worked As Babysitter, Saved $10,000’ & Helped Buy First Home 56 Years Ago In The US

For many immigrant families, life in a new country begins with uncertainty, financial pressure and everyday struggles that rarely make headlines. One such story is now going viral on X after a US-based Indian-origin doctor shared how his mother, newly arrived in America in the 1970s, took up babysitting to support the family while his father worked long hospital shifts. This decision eventually helped the family buy their first home in the...

The richest man in history had more wealth than entire countries

It sounds exaggerated. But by most historical estimates, the richest person to have ever lived wasn’t a modern billionaire. It was Mansa Musa, a 14th-century ruler of the Mali Empire.And his wealth wasn’t just large. It was on a completely different scale.Mansa Musa ruled over one of the richest regions in the world at the time, covering large parts of West Africa. This wasn’t just any territory — it was one of the main sources of gold, which...

Jawa, Yezdi, and BSA festive offers announced: zero down payment, 100 per cent funding

Jawa Yezdi Motorcycles has announced festive finance schemes with up to 100% funding, zero down payment and interest rates starting at 5.99%.

Canada's Warren Buffett bets his billions on India. What does he see?

Prem Watsa’s Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking India’s largest cross-border banking deal. The Canadian investor plans to build a financial services powerhouse by combining banking with insurance, wealth management and capital markets. But regulatory approvals, overlapping ownership with CSB Bank and execution risks could test his biggest India bet.

Asset rich but cash poor? The retirement trap that could hurt your savings

A person may own a valuable house, land or other investments but still struggle to pay for groceries, medical bills and everyday expenses.

Nvidia, Apple each gave $25 million for Trump's ballroom, Washington Post reports

Nvidia and Apple each committed $25 million for US President Donald Trump’s planned White House ballroom, according to a Washington Post report on Thursday that showed $333 million in private donations for the project.The Adelson family, longtime financial supporters of Trump and his Republican Party, committed $25 million as well, as did billionaire Charles Ergen, co-founder and chairman of telecommunications company Dish Network, the report...

Social Security benefits in US: How much do retirees in each state get paid on average? Check full list here

Social Security benefits are vital for US retirees, with 77% relying on them for basic expenses. A survey reveals that many non-retired Americans expect to depend on these benefits in the future. Here's how much retirees in each state receive.

5 business lessons from The Richest Man in Babylon by George Samuel Clason; make your money work for you and more

The Richest Man in Babylon by George S. Clason offers timeless financial lessons through ancient parables.

Stocks to buy: 3 stocks recommended by Nomura with up to 33% upside

India, Oct. 15 -- Nomura has picked three companies, Paytm, Bharti Hexacom, and Dhoot Transmission, with a Buy rating and upside potential of up to 35%. The brokerage remains positive on these stocks, considering their growth prospects, business opportunities, and industry trends.

Nestle Q2 results: Profit surges 36%, but rising costs remain a concern

Nestle India's September-quarter profit rose 36% as revenue grew 20% and operating margins widened, beating Bloomberg estimates despite rising food inflation and commodity cost pressures.

Indian couple spends Rs 50 lakh a year living in Australia, pays Rs 29 lakh in rent alone

Moving abroad often means adjusting to a different cost of living, with housing and daily expenses taking up a significant share of the budget. For an Indian couple living in Sydney, Australia, these costs added up to around Rs 50 lakh over the past year. Vandana and Rajal have shared a breakdown of their spending in a video posted on their Instagram account, @vrfitwanderers. The first and biggest expense was rent. The couple shared, “We live in...

‘I have no money’: Forbes 30 Under 30 founder Sofia Panwar on embarrassment of financial collapse

Sofia Panwar opened up about the “shame” and “embarrassment” of going from financial stability to relying on government aid in an Instagram video.