Newly-listed stock Shankesh Jewellers surges 18% to hit a record high - what is fuelling the rally?

Shankesh Jewellers share price surged as much as 18% to hit its record high of ₹116 in morning trade on the BSE on Friday, 11 September, even as equity benchmark Sensex crashed 1%.

H-1B not enough for a US green card? Experts explain why Indians are turning to the $800,000 EB-5 route

Indian H-1B visa holders are increasingly turning to the EB-5 immigrant investor program to secure US Green Cards amid job uncertainties and long backlogs.

Katie Piper: Here are 5 things every woman should know about money

Jio Financial says BOFA's ₹18k cr to come by Dec; Jio Credit's product plans, strategy to be redrawn

Non-bank lender Jio Credit will get the capital of ₹18,268 crore from Bank of America (BoFA) by December this year once all the regulatory approvals for the infusion are in place, a top official at parent Jio Financial Services (JFS) has said.Once the capital comes in, the entity will re-evaluate its business strategies and also product plans to accelerate growth in assets under management (AUM), the official said, adding that BoFA is "aligned"...

Record weekly jump of $44.9 billion takes forex reserves to new lifetime high of $785.71 billion

India's forex reserves jumped by a record $44.903 billion to a new lifetime high of $785.706 billion during the week ended September 4, the RBI said on Friday.In the previous reporting week, the overall reserves increased $11.475 billion to a new all-time high of $740.803 billion.The kitty had been declining since the start of the conflict in West Asia earlier this year, as the rupee came under pressure and the RBI had to intervene in the forex...

China injects over €45 billion into state banks and insurers as growth slows

China's finance ministry is leading a combined 360 billion yuan (€46.1bn) capital injection into eight state-owned banks and insurers, a coordinated effort to strengthen balance sheets strained by weak lending, low interest rates and government instructions to prop up the stock market. View on euronews

Spanish proverb of the day: "Money is a powerful gentleman" — How does wealth influence people?

Money can buy comfort, opportunities and influence. But it can also change how people treat one another. A famous Spanish proverb captures this power in a striking phrase: "Poderoso caballero es don Dinero". It translates as, "Money is a powerful gentleman".The proverb presents money as a powerful gentleman who can influence people, decisions and social status. What does the proverb actually mean?The proverb suggests that money has enormous...

PPF: Here's how much investment of ₹2,000 per month earns you — even 5 years’ delay can impact your total corpus

Today, we calculate the minimum amount you would need to invest in your / your child's PPF per month in order to successfully become a “crorepati” over the long run. Below is how the calculation works out for every 5-year delay:

$44.9 billion weekly surge: India’s forex kitty scales new heights of $785.7 billion

India's foreign reserves soared by a significant USD 44.903 billion in the week ended September 4, hitting a new lifetime high of USD 785.706 billion, according to data released by the Reserve Bank on Friday, September 11. With this, the nation's forex kitty continued its upward momentum for this tenth straight week, jumping by almost $120 billion during this period, as per Reuters. In the previous reporting week, the overall reserves increased...

Oracle shares spike 6% pre-market as $30 billion in AI contracts eases spending fears

Oracle's booking of over $30 billion in new AI cloud contracts was a major factor in the pre-market rally.

Earning Rs 1 lakh per month? Here's how much home loan EMI you can safely afford

Earning Rs 1 lakh per month can make homeownership look within reach, but the size of the salary alone does not determine whether you can comfortably afford a home loan. Existing expenses, EMIs, investments, emergency savings, down payment and future financial commitments all need to be factored in before taking on a long-term liability. For a person with a Rs 1 lakh monthly take-home salary, financial experts suggest keeping the home-loan EMI...

Rare old currency may fetch lakhs, but experts urge caution

Why rarity matters: Unique serial numbers, printing errors, or historic designs can make old notes more desirable than their face value. Beware inflated claims: Online posts often exaggerate potential prices; actual value depends on collector demand and condition. Safe selling tips: Use trusted platforms, avoid advance fees, and get notes professionally evaluated before listing.

Rupee slips to 95.25 against dollar: Why crude and global markets matter

The Indian rupee opened 15 paise weaker against the US dollar on Thursday (September 10) at 95.25, compared with Wednesday’s (September 9) close of 95.10, as elevated crude oil prices and global risk aversion continued to weigh on the currency.The rupee has weakened about 0.7% over the past two sessions, with the latest move suggesting that the impact of higher oil prices is becoming more visible after the currency had shown greater resilience...

India's forex reserves jump $44.9 billion to record $785.71 billion

Foreign currency assets (FCA), the largest component of India’s forex reserves, rose by $47.498 billion during the week to $648.17 billion, accounting for the bulk of the overall increase.

Money stress or overspending? Financial therapy could help you understand why

You know you shouldn't put another expensive purchase on your credit card, but you do it anyway. Or perhaps you have enough money but still feel anxious whenever you spend. You may avoid checking your bank account altogether, or repeatedly argue with your partner about the same financial issues. In situations like these, knowing what you should do with money may not be the problem. The harder question is why you keep doing something different....

A $5,000 check would cost US somewhere between $1.2 trillion and $1.35 trillion

TOI correspondent from Washington: The Republican Party’s midterm convention in Dallas on Wednesday night was to be a celebration of two years of Trump presidency to gee up ranks for the Nov 3 mid-term elections. Instead, the MAGA boss made headlines after laying out something that sounded less like an upbeat policy and more like a deadbeat deliver...

RBI approves ICICI Prudential AMC to acquire up to 9.95% stake in CSB Bank

India, Sept. 9 -- CSB Bank is back on the radar after regulators opened the door for a large asset manager to build a much bigger position in the lender. It's a routine exchange filing on paper, but the fine print banking-law and forex conditions attached means the full story isn't settled yet. The approval also happens to follow a quarter where profit growth beat expectations, which raises a fair question: what does a bigger institutional...

Rs 10 lakh FD at 7% interest: How much will senior citizens get after 1, 3, 5 and 10 years? Check inside

Banks also offer senior citizens a higher interest rate than regular customers. The extra rate may look small, but on a bigger deposit it can make a noticeable difference to the final amount. Senior citizens can also choose how they want to receive the interest — every month, every quarter, or at the time of maturity.

Mirzapur the movie box office collection day 6: Ali Fazal film earns Rs 193 cr globally, smashes Akshay Kumar’s record

Mirzapur The Movie Box Office Collection Day 6: The Pankaj Tripathi, Ali Fazal and Divyenndu Sharma-starrer has now crossed Rs 193 crore in worldwide gross collections and will enter Rs 200 crore club today.

China's Z.AI raises $5 billion from new share, convertible bond sales, filing shows

Z.AI launched ‌the sales ⁠on ⁠Friday, offering 21.97 million new Hong Kong shares at HK$714 ($91.05) each, a 10% ​discount to Friday's closing price of HK$793.

5 investment rules everybody must know: You don’t need to be Warren Buffett to understand these simple money basics

Simple financial rules help manage expenses and investments for Indian households. You don’t need to be Warren Buffett to understand these simple money basics.

India now among world’s top 4 forex reserve holders as stockpile hits record $785.7 billion

India has overtaken Russia in foreign exchange reserves after its forex stockpile jumped by nearly $45 billion in a single week to a record $785.7 billion.Reserve Bank of India data released on Friday showed that India’s foreign exchange reserves rose by $44.903 billion in the week ended September 4 to $785.706 billion. Russia’s international reserves stood at about $769 billion at the end of August, putting India ahead on the latest available...

Lending money to friends or family? Think about these things before saying yes

When a close friend or relative asks for money, the decision rarely feels purely financial. Perhaps they need help with a medical bill, a business is struggling or they are short of money for a house. If you have savings available, saying no can feel selfish. But before transferring the money, work out what would happen if you never got it back. That may sound pessimistic, but it is probably the most useful question you can ask. If losing Rs...

Indian Bank to enter life insurance business, soon to seek board nod

Indian Bank plans to enter life insurance and asset management sectors soon. The bank is seeking board approval for these proposed new ventures. Identifying a strong partner is crucial for accelerating wealth creation efforts. Indian Bank also aims to open a representative office in Dubai. This move will leverage business opportunities from the large Indian diaspora.

‘Where does all my money go?’ Rs 3 lakh-earning man explains why he still feels broke (watch viral video)

Dr. Sunny Garg, co-founder of brihas.ai, explains why a household earning Rs 3 lakh monthly can still feel financially tight. He points out that with dual incomes, financial obligations like home EMIs, school fees, and car payments tend to grow, leading to lifestyle inflation.

Eliminating non-tariff barriers, smooth payment mechanism key to boosting BRICS trade: EEPC India

A more efficient payment system using individual national currencies could further reduce friction for exporters by making cross-border settlements faster and more predictable.

No common BRICS currency for now, but local-currency trade gets push

The comments come as the multilateral alliance continues discussions on strengthening cross-border payments and reducing transaction costs in trade among member nations.

How to loosen the purse strings without running out of money in retirement

You've saved hard for decades, funnelled away every spare pound, and now it's finally time to put your feet up for a well-earned retirement...

Art, money and the joy of collecting

Art has always been about noticing small details, admiring the craft and engaging with a beautiful form of expression. Yet there is another dimension to art: money.Get breaking news anytime, anywhere. Download the TOI app now!Designer and art curator Srila Chatterjee believes art and business need not be at odds. At a Bengaluru session titled ‘Why ...

'Even 50 doughnuts can't satisfy you permanently,' says RSS chief on materialistic craving

"We have all material happiness, but this cannot satisfy us permanently. If I like hot, delicious doughnuts in New York, I will eat doughnuts. How many doughnuts can I eat at a time? I don't know, but anyway, a man may eat at one sitting a maximum of 50. After that, he will not require; he will not be able to even see that doughnut. He will say, "No, no, no, keep that away," he said. "The doughnut is the same. What changed? And then, even after eating 50 doughnuts, tomorrow morning I am ready to eat 50 more. So, material happiness is transitory; it cannot satisfy. And if an abundance of material happiness is there, it may fail also. Therefore, there is no satisfaction -- that they learned by experience," Bhagwat added.

Currency markets subdued as oil shock lifts global yields; ECB, US inflation eyed

Currency markets treaded water in cautious trading on Thursday as investors weighed a fresh surge in oil prices and global bond yields, while the yen’s powerful rally also took a breather ahead of US PPI and inflation readings.Brent crude futures remained firmly above $100 a barrel after breaching the level on Wednesday, as Iran and the US engaged in the biggest wave of attacks on shipping by both sides since the start of the war, threatening to...

Rs 3 lakh salary, still not financially free? Man explains the hidden trap (watch)

A high household income, such as Rs 3 lakh monthly, does not always guarantee financial freedom. As earnings grow, lifestyle expenses and long-term commitments like housing, school, and car payments also increase. When these decisions are based on two stable incomes, it creates financial pressure and reduces flexibility.

Why financial education is more valuable than financial tips - A case for learning over advice

Financial tips can offer quick ideas, but they rarely explain the thinking behind a decision. Financial education, on the other hand, helps people understand risk, valuation, goals and long-term planning. In a world filled with endless advice, learning how money works may be more valuable than simply knowing the next investment trend.

Gold rate today, September 13: Check 22K, 24K gold and silver prices

Gold Rate Today, September 13, 2026: Gold prices remained closely watched across Indian markets on Sunday, with investors and jewellery buyers tracking the latest movement in 22-carat and 24-carat gold along with silver prices. According to the latest available retail-market data, 24K gold in Delhi was around ₹1,54,730 per 10 grams, while 22K gold was priced at approximately ₹1,41,850 per 10 grams. Gold prices showed some variation across...

Gold tax rules 2026: How much tax do you pay on jewellery, ETFs, digital gold and gold held at home?

India, Sept. 13 -- Gold is more than just a symbol of wealth in India it's also one of the country's most popular investment assets. From jewellery and digital gold to Gold ETFs, gold mutual funds and Sovereign Gold Bonds (SGBs), each option comes with different tax rules and benefits. Before buying, selling or investing in gold in 2026, it's important to understand the applicable GST, capital gains tax and key ownership regulations. Ways to...

Why your first Rs 25 lakh investment is a major wealth-creation milestone

Reaching the Rs 25 lakh milestone signifies a transformative moment in wealth creation for young investors. It indicates that accumulated capital is now playing a crucial role in enhancing portfolio growth, alongside new savings. With market downturns having a more pronounced effect in rupee terms, effective risk management strategies become essential. Moreover, optimal asset allocation is key for achieving a balance between growth and stability.

Stock markets this week: US Fed decision, inflation data, oil to be key drivers, say analysts

Last week, theSensex fell 1,733.67 points, or 2.26 per cent, while theNifty declined 499.6 points, or 2 per cent.

Former CIA official found with $40 million in gold bars reaches tentative plea deal: What happened to David Rush and what prosecutors say he stole

A former CIA officer has reached a tentative plea agreement with federal prosecutors. David Rush allegedly stole over forty million dollars in gold and foreign currency. Investigators recovered hundreds of gold bars and millions in cash from his home. Prosecutors also claim he created a fake classified project to facilitate the theft. The case moves toward resolution, avoiding a trial with classified evidence.

Dow futures jump over 250 points as oil slides; why today’s CPI data matters

US stock futures moved higher early Friday, September 11, as crude oil prices pulled back from sharp gains this week, while investors turned their attention to a key inflation reading that could influence the Federal Reserve’s interest-rate decision next week.Dow Jones Industrial Average futures gained around 0.6%, or more than 250 points, while S&P 500 futures and Nasdaq-100 futures also rose about 0.6%.The gains came after the major US indexes...

Exclusive | Blackstone eyes up to 20% stake in IIFL Finance, sources say

Blackstone is looking to acquire up to a 20% stake in IIFL Finance, potentially marking a significant change in the ownership of the non-bank lender, sources told CNBC-TV18 on September 07.Sources said Blackstone may acquire Fairfax’s entire stake in IIFL Finance. Fairfax currently owns around 13% of the company, although around 2% of that holding was picked up by a global foreign institutional investor during the current quarter.Blackstone may...

BRICS pushes NDB to scale local-currency financing after $43 billion in first-decade approvals

BRICS leaders have called on the New Development Bank (NDB) to scale up local-currency financing and mobilise more resources for infrastructure and sustainable development, as the bloc seeks to deepen its financial architecture after the lender approved $43 billion worth of projects in its first decade. The New Delhi Declaration adopted at the BRICS Summit said members want the NDB to expand its capacity to mobilise resources, increase...

Moving back to India after decades abroad? 6 money moves to make before you return

A structured guide to managing foreign assets, updating bank status, and optimizing tax efficiency when relocating back to India

Will Bitcoin rally after Trump’s crypto bill vote? Why September 15 matters

Bitcoin is near $80,000 as investors watch the September 15 Clarity Act vote. Here’s why Trump’s crypto bill could impact Bitcoin and the crypto market.

Six IPOs open today, highest in a single day in 30 years; Rs 4,500-crore offers up for grabs

India’s primary market is witnessing an unusually busy day on Wednesday, September 9, with six mainboard IPOs opening for subscription, making it the biggest single-day IPO rush in nearly 30 years.The last time exactly six IPOs opened on the same day was October 14, 1996, according to historical data from Prime Database. The six companies hitting the market today are Rentomojo, Asset Reconstruction Company (India), Manipal Payment & Identity...

UPI MDR may be set at 40 bps; banks could get largest share: Report

The government may soon notify a framework for levying a merchant discount rate (MDR) on select Unified Payments Interface (UPI) transactions, with the fee potentially set at around 40 basis points (bps), or 0.4% of the transaction value. According to an Economic Times report, issuing banks could receive 40% of the MDR, while the remaining fee could be divided equally between third-party application providers (TPAPs), such as PhonePe and Paytm,...

Every $1 invested can return $15: The economic case for cleaner air in India

Cleaning up the air could deliver an economic windfall, with every dollar invested in tackling air pollution and climate change potentially generating US$15 in economic benefits, a new United Nations assessment has found. The report, Hidden assets: The economic and health case for climate and clean air action, released on September 7, finds that 25 measures addressing both crises could deliver substantial returns, even before accounting for...

UPI payments wipe out your entire salary—how can you save money without feeling deprived?

Nowadays, most people use UPI. Whether it is groceries, vegetables, rickshaw fare, or paying for tea, everything is settled in mere seconds. However, this does impact your pocket. Recently, a young woman shared her UPI spending summary on social media, expressing distress over her rising expenses. The video illustrated how numerous small online UPI payments can collectively deplete one's entire salary by the end of the month. The message that...

MSTR stock slips after strategy leaves Bitcoin stash untouched, doubles buyback program to $2B

The company repurchased around 1.8 million STRC shares for $176.3 million during the week, without buying back its other preferred securities or common stock.

Bond yields remain high: How much can you earn over a 10-year investment period — and what should you do now

Debt returns have historically stayed relatively steady over the long term, but the current high-yield environment raises questions for investors. With interest rates on pause and inflation shaping return expectations, here’s what investors need to know before assessing debt allocation.

Bernstein names Paytm stock as its top pick, lists 3 strong growth drivers for fintech giant

Bernstein has named Paytm its top pick, citing strong merchant lending growth, operating leverage and potential UPI MDR as key earnings drivers. The brokerage has set a Rs 2,200 target, implying further upside, while flagging key downside risks.