Business

SGB 2019-20 series VIII redemption opens today: Check payout, eligibility and tax rules

RBI has opened premature redemption for SGB 2019-20 Series VIII at ₹14,170 per unit from July 21. Before opting for an early exit, investors should understand the eligibility conditions, redemption process and the capital gains tax rules under the Income-tax Act, 2025.

Gold rises 1% as hopes for US-Iran diplomacy pause oil rally

Gold prices gained over 1% as investors tracked diplomatic efforts to ease the US-Iran conflict and assessed the impact on inflation and the Federal Reserve’s rate outlook. Spot gold rose 1.6% to $4,071.59 per ounce, while US gold futures climbed 1.5%. Analysts said bullion is attempting to build a base near the $4,000 level and regain upward momentum.

Wrap your gift with money 🤩

Wrap your gift with money🤩!!

PNB shares jump 7% in 2 days after Q1 earnings. Should you buy, sell or hold?

Punjab National Bank shares have surged in the last two sessions after the PSU lender reported a 214% year-on-year jump in Q1 FY27 net profit to Rs 5,253 crore, prompting bullish brokerage calls. Net interest income rose 2% to Rs 10,798 crore.

The real reason India's middle class can't get ahead financially and it's not their salary

US stock market today: Wall Street back in green; AI-related, chipmaker stocks rebound

The S&P 500 advanced 0.6%, following its first weekly loss in three weeks and only its third weekly decline since the end of March. Nvidia rose 1.9%, helping lift the broader market after being the biggest drag on the S&P 500 during Friday's session. Sandisk also recovered, jumping 6.7% after sliding 29% over the previous week.

Bandhan Bank sees 35% rise in Q1 net profit

Kolkata: Bandhan Bank has reported 35% year-on-year growth in net profit at Rs 501.6 crore for the first quarter this fiscal. This was largely due to around 40% reduction in provisions during the period, the bank said. However, it witnessed an 18.6% year-on-year fall in operating profit to Rs 1,358.1 crore for Q1FY27 due to a sharp rise in operatin...

Your money: How can you climb out of a debt trap?

Easy credit is pushing more Indians into financial distress. Experts outline five steps to regain control of your finances and steadily reduce your debt burden

She's finally taking control of her spending

A financial audit where a guest realizes they've been carelessly spending money and decides to take control.

Enough funds for fertiliser subsidy; Rs 70,709 crore spent so far: Anupriya Patel

New Delhi, Jul 21 (PTI) The Centre has sufficient funds to meet its fertiliser subsidy commitments for 2026-27, having spent Rs 70,709 crore till July 13 -- 39

Long-term mutual fund returns still outpace other investment options, Q&A with RK Jha, CEO of LIC Mutual Fund Asset Management

RK Jha of LIC Mutual Fund discusses market challenges amid weak monsoon and geopolitical risks, highlights the success of small SIPs, and stresses disciplined investing and investor education for long-term growth.

Aditya Birla Capital invests ₹124 crore in health insurance arm to meet solvency norms

Aditya Birla Capital has invested ₹123.89 crore in its associate, Aditya Birla Health Insurance (ABHI), through a rights issue, the company said in a regulatory filing.The investment was made in equity shares of ABHI on a rights basis for a cash consideration of ₹123.89 crore. Following the transaction, Aditya Birla Capital's shareholding in the health insurer remains unchanged at 45.89%, and ABHI continues to be an associate of the...

Paytm share price: One 97 Communications in focus after fifth consecutive quarter of profit; brokerages see up to 15% upside - check target

Paytm Share Price: Paytm shares remain in focus after reporting a fifth consecutive profitable quarter. Citi and Goldman Sachs maintained BUY ratings, citing strong growth, improved margins, and potential upside from current levels.

Jewellery savings schemes: How they work, key benefits and what buyers should know

Buying jewellery often involves a significant upfront expense, prompting many consumers to spread the cost over several months. To cater to this demand, most leading jewellery retailers offer savings plans that allow customers to make regular deposits and redeem the accumulated amount towards jewellery purchases later.These schemes have traditionally been available in stores, but several jewellers are now adding digital features.Most recently,...

'What if my father was a plumber?' Why Warren Buffett calls himself one of the world’s 10 luckiest people

Warren Buffett called himself one of the world’s luckiest people, crediting his early exposure to investing, natural aptitude and good health for his success. As he steps back from Berkshire Hathaway, the 95-year-old remains committed to donating more than 99% of his fortune to philanthropy.

Julius Baer net new money beats expectations, but de-risking clouds outlook

Julius Baer reported net new money inflows of 5.7 billion Swiss francs in the first half of 2026, beating expectations despite a slow start to the year. However, shares of the Swiss private bank fell over 4% as it warned that ongoing de-risking efforts and a revised risk and compliance framework would continue to weigh on growth through 2027.

Global markets: Japan's Nikkei rallies after steep decline as focus turns to tech results

Japan's Nikkei share average advanced on Tuesday after a significant weekly decline. Markets reopened and investors bought bargains following last week's sharp selloff. The benchmark Nikkei 225 recovered some of its previous losses. Investor attention now turns to upcoming second-quarter earnings from major tech companies. This rebound follows a broader market trend influenced by global events.

We earn £80,000 but can’t afford takeaway, coffees or holidays abroad

The Odyssey mints Rs 70.56 crore on day 5 as Dhamaal 4 crosses Rs 127 crore at the Indian box office

Christopher Nolan's The Odyssey continues its dream run on Day 5, while Dhamaal 4 remains strong beyond Rs 127 crore and Lenin maintains a steady hold at the Indian box office.

Aditya Birla Sun Life AMC Q1 profit rises 12 pc to Rs 309 cr

New Delhi, Jul 21 (PTI) Aditya Birla Sun Life AMC on Tuesday reported a 12 per cent year-on-year surge in consolidated net profit to Rs 309.5 crore for the June quarter driven by an increase in other income component. The asset management firm had earned a net profit of Rs 277 crore in the same quarter last year. Its revenue from operations rose 3 per cent to Rs 463 crore in the quarter under review from Rs 447.4 crore in the April-June quarter...

The pay hike looks great on paper, but changing jobs comes with its own bills

Landing a better job is usually seen as a financial win. A higher salary, better designation and improved career prospects make the decision feel straightforward. Yet many employees realise only after resigning that switching companies can temporarily put pressure on their finances. It's rarely one big expense that causes trouble. More often, it's a series of smaller costs that quietly add up over a few weeks. Hiring activity remains steady...

HAS stock on track for biggest one-day gains in nearly 15 months – 'Wizards of the Coast' helps Hasbro shine in Q2

During the second quarter, Hasbro’s Wizards and Digital Gaming segment saw 27% revenue growth from last year.

Trump's war chest hits $400 million – but he's not sharing with fellow Republicans

President Donald Trump's super PAC has amassed massive amounts of cash on hand as of the end of last month, but his political operation has so far been hoarding his war chest. MAGA Inc. has gathered more than $400 million, including $18 million since the start of June, but the fund remains largely untapped for direct spending on Republican midterm ...

Your money: How much life insurance is enough?

A ₹1 crore cover may not be sufficient to protect your family. Here’s how to calculate what you actually need

Offices hold the crown, data centres surge in India’s $1.9 billion property investment market

Office properties continued to dominate institutional real estate investments in India for the fourth consecutive quarter, attracting nearly $1 billion or 51 percent of the $1.9 billion invested during the April-June quarter, according to Cushman & Wakefield. The report also highlighted the rapid rise of data centres, which emerged as the second-largest investment destination, accounting for 40 percent of total capital deployed. Overall...

UltraTech Cement stock outlook: Brokerages bullish post Q1 results beat on strong execution, cost discipline

Shares of UltraTech Cement Ltd are likely to remain in focus on Tuesday after the country's largest cement maker delivered fiscal first quarter earnings beating Street expectations. This prompted bullish commentary from brokerages that cited strong execution, healthy volume growth and improving profitability. The stock had ended 1.5 percent higher at Rs 11,903 on Monday following the earnings announcement. Despite the recent gain, the stock is...

Gold, silver prices today, 21 July: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata

Gold and silver prices today, 21 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

Quote of the day by Benjamin Franklin: “Money never made a man happy yet, nor will.”

Stay updated with the latest news on Times of India. Get all the trending City News, India News, Business News, and Sports News. For Entertainment News, TV News, and Lifestyle Tips, visit Etimes.

Can a Rs 50,000 monthly salary help you build a Rs 1 crore corpus?

A SIP Calculator shows how individuals earning Rs 50,000 a month can potentially build a Rs 1 crore corpus through disciplined mutual fund SIP investments, long-term compounding, and consistent annual investment increases.

Sebi eases rules for mutual fund, SIF distributors with single certification exam

Sebi has launched a unified certification for mutual fund and Specialised Investment Fund distributors, known as the NISM Series V-D certification. This new credential streamlines the eligibility criteria for selling these products.

Delhi Lakshmi Yojana: Only Rs 1,000 in hand, rest earmarked for savings account

New Delhi, Jul 19 (PTI) Women under the Delhi Lakshmi Yojana will be allowed to withdraw only Rs 1,000 of the promised Rs 2,500 monthly assistance, with the remaining Rs 1,500 mandatorily going to a recurring deposit (RD) account, a government official said on Sunday. The recurring deposit will have a three-year lock-in period, after which the accumulated amount, along with the interest earned, will be credited to the beneficiary’s bank account,...

Content creator Ankur Warikoo and his wife Ruchi share 5 money rules they live by after having 2 kids

Budgeting plays a crucial role in family life. It requires efficient planning and prioritising, based on individual values and needs. For this, it’s important to pay no heed to the latest trends. Indian entrepreneur and content creator Ankur Warikoo and his wife Ruchi revealed how they spend their money on a monthly basis at the age of 45 with two kids. Their five rules may come handy if you are struggling to categorise your expenses. Don’t give...

We are not looking for any dilution: SBI chairman after SBI Funds’ listing

State Bank of India has no plans to further dilute its stake in SBI Funds Management following the asset manager’s stock market listing, SBI Chairman CS Setty said on Tuesday. “We are not looking for any dilution in SBI Funds,” Setty told reporters after the company’s listing ceremony in Mumbai. SBI Funds Management shares debuted at Rs 613.30 on the National Stock Exchange, a premium of 6.85 percent over the IPO price of Rs 574. The Rs...

The right emergency fund for your family may be bigger than you think

For years, personal finance experts have repeated the same advice: keep three to six months' worth of expenses aside for emergencies. It's easy to remember, which is probably why the rule has survived for so long. But ask a few families what an "emergency" looks like today, and you'll get very different answers. For one household, it could be a sudden job loss. For another, it might be an unexpected hospital bill or months of reduced business...

Keke Palmer was supporting 5 people as a teenager - then she finally broke down

Keke Palmer opens up about the hidden emotional cost of becoming a child star and carrying her family out of poverty at a young age. From growing up in a struggling neighborhood in Illinois to becoming the breadwinner through movies, television, and Nickelodeon fame, Keke explains how survival mode slowly took over her entire identity both on and off camera. The video explores the pressure of supporting her family for over 20 years, the emotional exhaustion that came with constantly “performing,” and the moment her young son unintentionally forced her to confront the trauma she had buried for years. It’s a powerful story about childhood responsibility, burnout, generational survival, and finally learning how to rest after spending a lifetime trying to save everyone else.

SBI Funds IPO opens with over 6% listing gain

SBI Funds Management debuted strongly on BSE, listing at Rs 610 with a 6.3% gain over its IPO price amid volatile markets. The IPO was highly subscribed, reflecting strong investor confidence.

Bajaj Finance shares jump to eight-month high, nearing recent peak; here's the next big trigger

Shares of Bajaj Finance Ltd. are trading with gains for the fifth straight session on Tuesday, July 21. The stock has now gained in seven out of the last eight trading sessions.With this move, shares of Bajaj Finance have reached their highest level of the year so far. The stock is also closing in on its 52-week high of ₹1,100.In its first quarter business update released earlier this month, Bajaj Finance's Assets Under Managemet (AUM) grew by...

Paytm Q1 results: Net profit jumps 79%, revenue up 28%; board opts not to proceed with bonus shares

One97 Communications reported a 28% YoY revenue increase to ₹2,448 crore for Q1 FY27, driven by strong growth in Payment Services. Net profit surged 79% YoY to ₹220 crore, reflecting improved operating efficiency and growth in financial services.

Financial horoscope today, July 21, 2026: Cancer signs will gain position and prestige, know the fate of other signs

Today's Financial Horoscope, July 21, 2026: Your performance in important matters will be completely responsible. Your special focus will remain on your traditional business.

11:11 | US hits Iran for tenth night, Trump hits Canada with 50% tariffs, SBI Funds lists at 7% premium

Good morning!Ten nights of US strikes on Iran, two tankers on fire in the Strait of Hormuz, and now a threat from Yemen’s Houthis to open a new front against Saudi Arabia. Despite reports of talks through mediators, the West Asia war is showing few signs of cooling — and JPMorgan Chase CEO Jamie Dimon thinks investors may be underestimating the risks facing the global economy.Trade tensions are heating up, too. US President Donald Trump has...

Global market: Ant International raises $1.2 billion to fuel global expansion

Ant International has raised $1.2 billion in a fresh funding round backed by Ant Group and Alibaba to accelerate its global expansion across merchant payments, financial services and enterprise solutions.

COIN stock jumps, XRP leads crypto majors after Scott Bessent signals Clarity Act is on Senate’s ‘one-yard line’

Bitcoin climbed above $66,000 for the first time since mid-June, while XRP outperformed the broader crypto market.

The new financial status symbol isn’t a luxury car — it’s quitting power

For years, wealth was easy to spot—a luxury car, a premium address or the latest gadget. But a quieter shift is underway. Increasingly, financial success is being measured not by what people buy, but by the choices their money allows them to make. Here's why "quitting power" is gaining attention.

Explained: Why FCNR deposits are driving the $20 billion inflows under the RBI's swap scheme

The Reserve Bank of India's (RBI) concessional swap facility has attracted more than $20.7 billion in foreign exchange inflows in just over a month, with Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits accounting for more than 84% of the total.The strong response comes despite expectations that higher US interest rates and global uncertainty would weigh on inflows. However, Devang Shah, Head of Fixed Income at Axis AMC, believes the...

Below Rs 10 lakh in cash deposits? You may still have to explain them to Income Tax Dept

The Rs 10 lakh figure under Rule 114E is only the threshold at which a bank must formally report the deposit; it is not the only thing the department sees.

What's hot: Stocks, gold & big money moves | Daily Markets Show | July 21 | Business Today TV

Welcome to Business Today TV! In this episode of What's Hot, Sakshi Batra breaks down the long-awaited D-Street debut of the SBI Funds Management IPO. After a massive 42x oversubscription, the largest IPO of the year listed at a modest 7% premium. Joining the show, Gaurav Sharma from Globe Capital and Pawan Nahar decode what this listing means for investors, outlining long-term price targets from top brokerages. We also analyze the Nifty hovering near the 24,200 level amidst elevated crude oil prices, key Q1 earnings updates from Paytm, Karur Vysya Bank, Sobha, and UltraTech Cement, alongside shifting strategies across mid-cap IT and metals - including Goldman Sachs' bullish 'Buy' rating on Jindal Stainless. Tune in for expert market insights!

Here are the top financial mistakes people commonly make

1. Living Paycheque to Paycheque (No Budget or Expense Tracking) Many spend their entire salary without tracking where it goes, leading to zero savings or investments by month-end. A large percentage of Indians deplete their salary before the month ends. Why does it happen: Lifestyle inflation, subscriptions, food delivery, and impulse buys add up ...

He was offered $45 million to betray his country - he said no

A single meeting. A $45 million bribe. One decision that helped expose one of the biggest political corruption scandals in modern history. Discover how corruption spreads through governments, why it can devastate entire nations, and what citizens can do to stop it. From South Africa to Denmark, this story reveals the real cost of corruption—and the people willing to risk everything to fight it.

10 government investment schemes in 2026: Interest rates, eligibility, benefits and how to apply

Government-backed investment schemes continue to offer safe savings options for different financial goals. This guide explains 10 government investment schemes in 2026, including PPF, SSY, NPS, SCSS, NSC, KVP and POMIS, covering their latest interest rates, eligibility criteria, key benefits and application process.

How much will cutting VAT on electricity bills save me - and could I save more by fixing?

The VAT cut will only save £45 per year for the average household, or 90p per week - but if they switch their supplier too they could save £352. We explain how to do it.