Personal Finance

SBI to pay Rs 8,813 cr dividend to govt for FY26

The dividend cheque was handed over to Union Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty.

Bargain shopping not a priority for US consumers despite inflation concerns: report

Research by the University of Michigan indicated that consumer sentiment fell to 48.8 points in May 2026 from 49.8 points the previous month.

India rupee defense lifts key forex tool past $110 billion mark

The Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This significant increase in forward dollar sales, particularly in offshore markets, aims to curb excessive volatility driven by factors like oil price shocks and speculative pressures.

Gold and silver price today, June 8: Check rates of 24K, 22K gold in Delhi, Mumbai, Kolkata other cities

Gold and silver prices witnessed sharp selling pressure on Monday, June 8, tracking weakness in the global bullion market. The international spot gold traded -0.60 percent lower to $4,339.10 per ounce, while silver inched -1.42 percent higher to $68.120 per ounce over the last 24 hours in early Comex trade. The gold futures for the August contract on MCX traded -0.88 percent down to Rs 153847.00 per 10 grams, and silver futures for the July...

AI stocks rebound as oil prices stabilize amid Middle East tensions

Wall Street shows signs of recovery as AI stocks bounce back from last week's sell-off, while oil prices stabilize amid ongoing Middle East tensions.

Top 10 richest people in June 2026: Oracle’s Larry Ellison gains $71 billion, Elon Musk tops list

Top 10 richest people in the world in June 2026: Elon Musk continues to hold the title of the world's richest person by a wide margin. In May, Musk added $53 billion to his fortune.

A man in Turkey became one of the richest people in the world without realising it

With a balance of around $21.8 billion in his account, Takalo ranks among the world's super rich, but he has been unable to access his money for nearly a month. View on euronews

Crypto crash: Where do Bitcoin and Ether stand after the historic crash?

The prices of two other tokens, Ethereum and Solana, also rose on Monday, gaining 3.25% and 4.18%, respectively. Ethereum, the second-largest cryptocurrency, was trading at $1,649.42 after falling 17.26% over the past week. Solana was trading at $65.31 following a 20% decline over the last seven days.

That gold ring you bought in 2016 could be worth 5 times more today. Here’s how

Gold has long been more than just jewellery; it is one of the most trusted forms of investment. For generations, families have turned to gold as a store of wealth and financial security. The sharp rise in gold prices over the past decade has only reinforced that belief. A small gold purchase made by a middle-class family ten years ago could be worth several times more today, highlighting gold’s enduring value as a long-term asset.Consider this...

Gold silver rate today (June 4): Prices edge higher, check latest rates in Delhi, Mumbai, Chennai, more

Gold Silver Rate Today: Gold and silver prices edged higher on the domestic commodity exchange on Thursday morning, driven by a softer dollar and ongoing tensions in West Asia, as markets kept a close watch on talks around a potential diplomatic deal between the United States and Iran. On the Multi Commodity Exchange (MCX), gold futures for August delivery were trading at Rs 1,59,052 per 10 grams at 11:28 am, up Rs 533 or 0.35 per cent from the...

From $1.26 million to $1.46 million: Why Americans think they need more money to retire

Americans now say they need $1.46 million to retire comfortably, up $200,000 from last year, as inflation fears and longevity concerns reshape planning.

Financial independence: Why enabling agency and accountability matter for women, parents, and dependants

I would like to place for discussion not just the question of freedom to decide, but also responsibility and accountability. Why don’t we provide a monthly allowance in cases where explicit incomes that enable agency are not present? Does it denigrate the ‘care’ and ‘love’ to rupee terms, which makes it uncomfortable?

Financial horoscope today, June 3, 2026: Sagittarius signs will gain financially, know the status of other signs

Today's Financial Horoscope, June 3, 2026: You will be successful in your profession and business. Your ancestral work will be completed easily, and you will take an interest in financial transactions.

Fino Payments Bank adds 2.9 lakh accounts in May, loan referrals nearly triple

Fino Payments Bank said on Monday, June 8 that it opened around 2.9 lakh new accounts in May 2026, up 29% from the corresponding month last year, according to its monthly business update.The bank's average total deposits stood at approximately ₹2,762 crore during the month, registering a 10% year-on-year increase. The number of digitally active customers rose 19% year-on-year to around 62.6 lakh.Loan referral disbursals reached about ₹210 crore...

How a ‘settled loan’ tag on your credit report can reduce creditworthiness and affect future loan approvals

A settled loan status on a credit report can negatively impact credit scores, reduce creditworthiness and hurt future loan approvals, while a closed loan status reflects responsible repayment behaviour and stronger financial credibility.

Planning a future together? Here are the financial issues women should never overlook before marriage

Finances are one of the major reasons for marital disputes. Here are some of the financial warning signs that may affect long-term stability.

Ather Energy eyes fresh capital raise, board meeting set for June 12

Ather Energy is set to consider a fresh fundraise just over a month after its stock market debut, as the electric two-wheeler maker's board prepares to meet on June 12 to approve a proposal for raising capital through multiple routes. In a stock exchange filing dated June 8, Ather Energy informed the National Stock Exchange (NSE) and the BSE that its board of directors will consider raising funds through the issuance of equity shares, foreign...

From $2 per share to a $1.75 trillion giant: How Elon Musk's SpaceX could make employees millionaires overnight

SpaceX IPO: SpaceX employees are set for a major financial boost. As the company prepares for its public listing, stock grants are now worth millions. This wealth transfer is reaching engineers, welders, and other staff. Many workers who held onto their shares will see their fortunes change dramatically. This event marks a significant moment for employee wealth creation in the tech sector.

Gautam Adani regains title of Asia's richest person as group shares rally

Indian billionaire Gautam Adani has regained the title of Asia's richest person after a surge in the shares of his group companies boosted his wealth, according to Forbes' real-time billionaire rankings. Forbes reported that the Adani Group chairman's net worth rose to about $89.2 billion on Friday, placing him ahead of Reliance Industries chairman...

How to score cheap flights: Insider booking hacks

With flight prices soaring, especially for popular routes, savvy travelers are seeking ways to save. The key is strategic planning, including setting up fare alerts on platforms like Google Flights and Skyscanner to monitor price trends. Flexibility with travel dates, considering alternative airports, and exploring split journeys can also unlock significant savings.

How did Lionel Messi become a billionaire and is he now richer than Cristiano Ronaldo?

Lionel Messi became a billionaire in 2026 through a combination of elite playing contracts, endorsement deals, investments and a unique Inter Miami agreement that includes future club equity. Forbes estimates his net worth at $1.1 billion. Cristiano Ronaldo remains richer, with an estimated fortune between $1.2 billion and $1.4 billion, driven largely by his record-breaking earnings at Al Nassr in Saudi Arabia. While both football legends have...

How savvy citizens exploit inflation and weaponize personal debt

Real estate investor Matt Theriault reveals how financially savvy individuals use inflation and strategic borrowing to strengthen their wealth-building efforts.

These high-yielding small savings schemes let you beat inflation: Interest, minimum investment, other details

Comparing small savings schemes with high-yielding interest rates and different features, including investment, rate of interest, maturity and premature closing.

7 myths millennials thought would make them rich – and didn’t

Far from guaranteeing a route to financial freedom, these myths often had the opposite effect, financial advisor Laura Churchill said.

Will RBI allow the trade that brought India $34 billion in 2013?

The Reserve Bank of India's decision to absorb hedging costs on fresh Foreign Currency Non-Resident Bank, or FCNR(B), deposits has revived memories of the blockbuster 2013 scheme that brought in $34 billion of foreign currency, helping stabilize the rupee during the taper tantrum. But the success of the latest initiative will depend less on the headline deposit rate and more on a less discussed question: whether wealthy non-resident Indians are...

Wall Street highlights: S&P 500, Nasdaq rebound from selloff as chipmakers, energy shares rise

Bond traders expect inflation figures this week will show a surge in consumer prices, adding to pressure on the Fed to raise interest rates.

Cash ISA rush sees £83.2bn pour into the accounts since the start of last year

A huge £12bn poured into cash Isas in April 2026 as savers rushed to make the most of their tax-free allowances resetting for the 2026/27 financial year.

Emkay Wealth sees more upside in gold and silver — How much should you invest?

Emkay Wealth Management remains optimistic about gold and silver, driven by macroeconomic uncertainty and central bank purchases. Details here.

Strategy buys 1,550 bitcoin — nearly 50 times the BTC it sold last week

Bitcoin critic Peter Schiff accused Strategy of omitting the purchase's dilutive effect on common stockholders and declaring "the game is over."

Bitcoin steadies after $60,000 breach as Saylor hints at buying

The original cryptocurrency was up as much as 3.8% to nearly $64,200. It was trading around $63,000 at 9:45 a.m. in Singapore. Ether, the second-largest token, was more than 3% firmer at around $1,680.

From Gift Nifty, Iran war to Nasdaq, Kospi rally: 8 key things that changed for Indian stock market overnight

Gift Nifty was trading around 23,130 level, a discount of nearly 44 points from the Nifty futures’ previous close, indicating a tepid start for the Indian stock market indices.

Bitcoin rebounds to $63,000 after holding key support, but ETF outflows of $3.4 billion remain a concern

Bitcoin climbed back above the $63,000 level on Monday after successfully defending a key support zone, despite persistent ETF outflows of $3.4 billion. Ethereum and major altcoins also posted strong gains, reflecting improved market sentiment and renewed buying interest across the broader cryptocurrency market over the past 24 hours.

How I manage my money: Tech firm owner, on £20,000 a month, paying £7,000 in rent

Dividend share: A gain of ₹25 per share without doing anything—you just need to buy before June 10

If you are looking for a stock that offers a handsome dividend, consider buying shares of Infosys soon. Infosys has announced a dividend of ₹25 per share for the financial year 2025-26. The company has set June 10 as the record date for this; this means you must own Infosys shares before this date to be eligible for the dividend. During the financial year 2026, Infosys posted a net profit of ₹29,440 crore, marking a growth of 10.20%—a testament...

Investing in gold without breaking the bank: A smart saver’s guide

Gold has been a safe store of wealth for Indian families for centuries, offering economic as well as emotional security. But with gold prices at record levels, buying physical gold in large quantities is not always possible. But the silver lining is that there are numerous alternatives to buying gold at half the price, making you available to the metal without singeing your wallet. Why gold is still in fashionGold is a hedge against uncertainty...

West Asia war: Trump says Iran, Israel seek immediate ceasefire. What does it mean for Indian stock market?

The Indian stock market anticipates a rebound as Middle Eastern tensions ease with Iran's military halting operations. Investors are focused on crude oil price fluctuations, which could significantly impact market dynamics, especially in light of recent statements from US officials.

Senior citizens can earn up to 8.30% on FDs: These banks are offering better returns than post office schemes

As market volatility and economic uncertainty continue to influence investment decisions, senior citizens are increasingly turning to fixed deposits (FDs) for safety and stable returns. For retirees seeking a dependable source of income without taking market-related risks, fixed deposits remain one of the most trusted investment options in 2026. Several banks and financial institutions are currently offering attractive interest rates of up to...

India’s current account surplus narrows to $7.1 billion in Q4FY26; FPI outflows hit $16.4 billion

India’s current account surplus moderated to $7.1 billion, or 0.7 per cent of GDP, in the fourth quarter (January-March) of financial year 2025-26, compared with $13.7 billion in the same period a year ago, according to the Reserve Bank of India’s latest Balance of Payments data.

Learn how to build lasting wealth investing in real estate

Real estate investor Matt Theriault explains the core principles behind using real estate as a vehicle for long-term financial security and wealth creation.

West Asia escalation drives rupee, stocks lower as crude oil prices surge

The Indian currency slumped 0.8%, erasing almost all the gains seen on Friday after RBI's measures to boost foreign inflows.

RBI's FCNR(B) incentive may bring in $20-30 billion of fresh deposits, say bankers

Public sector banks could see fresh inflows of $20-30 billion in Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits following the Reserve Bank of India's latest measures aimed at attracting foreign currency inflows. The RBI on Friday announced a US dollar-rupee forex swap facility for fresh FCNR(B) deposits, under which it will bear the entire...

Why is Zee raising funds despite sitting on a sizeable cash pile?

Zee Entertainment's proposed fundraising plan has raised questions among investors, with Nuvama Institutional Equities Executive Director Abneesh Roy pointing out that the company already has a strong cash position. According to Roy, Zee is sitting on cash equivalent to roughly 20-25% of its market capitalisation, making the rationale behind a fresh capital raise unclear."We would need to get clarity whether it's an acquisition-related...

Why some people save easily while others struggle: Numerology's take on money habits

Numerology suggests that financial habits are linked to personality traits, not just income. Numbers like 4 are associated with discipline and saving, while 1 and 5 indicate entrepreneurial flair. Number 6 relates to comfort and spending, and 8 signifies strategic wealth building. These numbers reflect intrinsic money management patterns, aiding in understanding personal financial tendencies.

Inside the CIA gold scandal: David Rush reveals how he used 'secret program' to hide $40M in bars

David Rush, a former CIA officer, is accused of embezzling $40 million by exploiting a loophole related to classified intelligence operations.

8th Pay Commission: Proposed fitment factor 3.833 vs 4 — impact on salary hike explained

8th Pay Commission: A major salary boost is expected for central government employees as unions push for a higher fitment factor. The fitment factor comparison between 3.833 and 4 explains the rationale for stronger pay demands, improved pensions and an inflation-linked basic pay revision.

Elon Musk net worth: From $788,800,000,000 today to a possible $1,000,000,000,000 after SpaceX IPO—how much would each of his 14 children get?

Elon Musk Net Worth June 2026: According to Forbes, Elon Musk’s fortune stood at approximately $788.8 billion on June 8, 2026. Some projections tied to a potential SpaceX IPO suggest his wealth could eventually exceed $1 trillion if market valuations remain strong. It would represent the first time in modern economic history that one individual controls wealth measured in trillions. Elon Musk currently has at least 14 publicly known children. If...

Tax reform in equities key for FPI inflows: Narayan

ICICI Prudential MF CIO S Naren and former Sebi whole-time member Ananth Narayan believe recent RBI and government measures could significantly improve foreign investment flows into India's debt markets.

What happens if the dollar continues to lose its value?

For decades, the United States dollar has been the most important currency in the world. People in almost every country use it to buy essential items like oil, gold, and electronics. Recently, however, the value of the dollar has started to slip compared to other currencies. Since early 2025, the dollar has dropped about 10% against the euro, British pound, and Canadian dollar, and even more against gold. While a weaker dollar helps some big companies sell products overseas, it often makes life more expensive for families at home. This gallery explains why the dollar is falling, what other currencies are doing in response, and how people across the United States and around the world are already feeling it. Click to know more.

FPI exodus: Overseas investors dump over Rs 51,000 crore in June so far

The overseas investors have net sold Indian shares in every month of 2026, barring February, aggregating to a total pullout of nearly Rs 2.76 lakh crore.

Why is Hyperliquid Strategies stock gaining Monday?

Hyperliquid Strategies Inc. (NASDAQ:PURR) stock surged Monday as a sharp rally in the Hyperliquid ecosystem boosted demand for one of the few publicly traded stocks offering investors indirect exposure to the HYPE token. The rally comes as the broader cryptocurrency market rebounds and investors position for multiple potential catalysts, including a possible gamma squeeze and the company’s upcoming addition to the Russell 2000 and Russell 3000...