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Mukesh Ambani's masterstroke: Rs 500 crore bet delivers Rs 9,000 crore windfall gain for Reliance Industries

On Monday, Reliance Industries (RIL) announced the sale of its remaining 87 lakh equity shares in Asian Paints through a block deal valued at ₹1,876 crore. The shares were sold to ICICI Prudential Life Mutual Fund at an average price of ₹2,207.65 per share.

2025-06-17T08:33:52Z

Rate path unclear but tariff impact is coming: Fed chief Powell

US Federal Reserve chief Jerome Powell, during a briefing on US monetary policy and state of inflation during the Trump administration, said the impact of tariffs is now reflecting in supply chains. He also talked of the way forward.

2025-06-19T03:03:16Z

10 top-rated equity mutual funds with lowest expense ratio to invest in 2025

Looking to invest in equity mutual funds in 2025? Here's a list of 10 top-rated mutual funds with the lowest expense ratios across categories like largecap, smallcap, ELSS, and flexicap. Lower costs, consistent returns, and flexibility make them ideal for long-term investors.

2025-06-17T14:37:13Z

UP Power Tariff Hike: Proposed Electricity Rates May Push Household Bills To Rs 5,000, Risking Financial Burdens

The Uttar Pradesh Power Corporation has submitted a proposed tariff schedule to the Electricity Regulatory Commission for the current financial year, aiming to increase energy and fixed charges while reducing the number of consumption slabs. If implemented, the revised rates are expected to hit consumers with higher electricity loads the hardest. Under the new proposal, a household with a one-kilowatt connection using up to 100 units will be...

2025-06-18T07:28:47Z

US Senate targets elite universities with 8% endowment tax; Harvard could lose $200 million annually

The US Senate Finance Committee has proposed raising the endowment tax on wealthy universities to 8 percent, potentially costing Harvard $200 million annually. This sixfold increase from the current 1.4 percent rate would impact nine elite institutions with large endowments. Harvard officials warn the tax would hurt financial aid, research, and faculty hiring. The proposal, part of President Trump’s broader tax bill, follows rising political...

2025-06-18T12:39:43Z

Over 379,000 in US became millionaires last year, equivalent to more than 1,000 every day

The 2025 Global Wealth report from UBS revealed that Americas overall accounted for the majority of the increase of their wealth. The report mentioned that US minted over 1,000 new millionaires every day for a year where over 379,000 people became new US dollar millionaires. The U.S. now accounts for nearly 40 percent of the world’s millionaires, the report noted.

2025-06-18T15:44:30Z

Top 8 Cheapest Countries to Live Comfortably on $1,000 a Month

Top 8 Cheapest Countries to Live Comfortably on $1,000 a Month

2025-06-12T14:07:30Z

Millions of Aussies are set to get a pay boost: What you need to know

Millions of Australians will receive a cash boost when minimum wage, Super and paid parental leave changes come into effect next month.

2025-06-18T02:12:51Z

Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Fed policy to Israel-Iran war

Indian stock market: Gift Nifty was trading around 24,746 level, a discount of nearly 80 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

2025-06-19T01:42:39Z

Irish man wins Rs 2,000 crore lottery, now richer than Dua Lipa and Harry Kane

The man won Ireland s 18th EuroMillions jackpot, and the win is the highest in the country s history.

2025-06-19T07:43:59Z

Which Investment Is Best For Your Child’s Future? Know The Benefits & Drawbacks Of Sukanya Samriddhi, PPF, NSC, SIP & More

Parents always want to secure their child’s future. One smart way to do this is by investing regularly. In India, there are many good investment plans that help save money safely and grow it over time. Let’s understand some of the popular ones: Sukanya Samriddhi Yojana (SSY) This is a special plan for girl children. You can open an account if your ...

2025-06-16T05:58:38Z

Bernstein predicts Paytm shares to rally by 23%, cites ‘several near-term catalysts’

Global brokerage Bernstein has given Paytm an “Outperform” rating with a target price of Rs 1,100 — implying a 23.4% upside from current levels. The firm sees a non-linear earnings growth trajectory, with several near-term catalysts including stable UPI market share, rising loan disbursals, and potential revival of its Payment Aggregator license.

2025-06-18T14:37:21Z

Beat Low Interest: Four Smarter Alternatives To Savings Accounts

Investors can keep enough funds in a savings account for emergencies and invest the rest in these alternatives.

2025-06-19T02:33:25Z

New investor additions in MFs remain at lower levels

New investor additions in mutual funds stay low despite market rebound. Experts cite high valuations, volatility, and profit booking. SIP inflows remain strong, showing sustained retail interest. Industry expects investor growth to stabilise with improving market clarity.

2025-06-18T17:19:37Z

Gold Price Prediction: Yellow metal dips to Rs 99,258/10 gms amid hawkish fed comments; analysts eye recovery

Following a stern address from the US Federal Reserve, gold prices experienced a decline, affecting MCX August gold and silver futures right from the start. With interest rates unchanged, Fed Chair Jerome Powell raised red flags about inflation and potential economic deceleration. However, the escalating tensions in the Israel-Iran conflict are providing a cushion for precious metal prices.

2025-06-19T07:22:38Z

MSE warns delays for £100m Mastercard payout claims

Millions could get up to £70 each — even if they've never had a Mastercard.

2025-06-18T09:12:22Z

Cryptocurrency Price Today (June 19): Bitcoin Remains Below $105,000, AERO Becomes Top Gainer

Bitcoin (BTC), the world’s oldest and most valued crypto, remained below the $105,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and dips across the board as the overall Market Fear & Greed Index stood at 48 (Neutral) out of 100, as per CoinMarketCap data. Aerodrome Finance (AERO) turned out to be the biggest gainer today, with a...

2025-06-19T07:26:03Z

FASTag Annual Pass: Cost, availability, eligibility, annual savings explained

If you are planning to buy a FASTag annual pass, here’s all you need to know.

2025-06-19T07:36:27Z

Will Canada’s new tax cut change your life, or just cover your coffee? Here’s what you’ll save

The Liberal government's tax cut aims to save Canadian families money. An average family might save $280 next year. The tax cut lowers the rate on the first $57,375 of taxable income. Critics say the savings are too small. Conservatives will vote for the tax cut but want more. The plan's cost is estimated at $64 billion over five years.

2025-06-19T01:29:27Z

Unlock Premium Real Estate: Smart Financing Strategies For High-Value Property Investment

By Arpit Bansal For decades, real estate has been an essential aspect of wealth generation in India. Nevertheless, investor interest has been piqued by a new segment - premium real estate. Factors like altering customer expectations, rising disposable incomes and evolution in lifestyle preferences significantly contribute to this shift. The high-value properties, usually situated in prominent areas and outfitted with opulent amenities, are not...

2025-06-14T02:40:00Z

Fixed EMI personal loans: Key pros and cons you must know before borrowing

Fixed EMI personal loans provided applicants with consistent repayments and protection from rate hikes but come with higher interest costs and less flexibility, making it crucial to weigh all pros and cons carefully.

2025-06-19T07:03:07Z

The dark side of China's gold frenzy

Numerous Chinese investors, like Julie Li, face potential financial ruin after investing heavily in gold through Yongkun Gold, enticed by promises of high returns. The company abruptly ceased withdrawals and closed its shops, prompting a police investigation and investor protests.

2025-06-18T04:44:07Z

India’s Fiscal Health On Solid Ground With Record RBI, PSU Dividends And Tax Growth: Report

India’s fiscal dynamics have improved at the aggregate level post-pandemic, with a most notable shift in the quality of spending, which is reflected in the higher capital expenditure by the government over the last five years, according to a Morgan Stanley report. The report highlights that the improving fiscal dynamics bode well for the growth mix and inflation management of the Indian economy. The faster pace of consolidation in revenue...

2025-06-18T12:55:39Z

Gold slips ahead of Fed decision — but could surge soon as Middle East conflict and rate cuts loom

Gold prices today dipped slightly as investors wait for the Federal Reserve’s rate decision, but rising tension from the Israel–Iran conflict and hopes for future U.S. interest rate cuts could soon push prices higher. Spot gold dropped 0.2% to $3,383.17 per ounce, while gold futures eased 0.3%. Experts say if the Fed signals cuts, gold could rally again. Ongoing Middle East instability keeps demand strong. With central banks buying more gold and...

2025-06-18T13:14:26Z

Rupee Vs Dollar: INR Dips Amid Risk-Off Sentiment And High Crude Prices

Mumbai, Jun 18 (PTI) The rupee depreciated 13 paise to close at 86.47 (provisional) against the US dollar on Wednesday, dragged down by risk-off sentiments and elevated crude oil prices. Forex traders said the rupee dwindled amid weak domestic equity markets and the broad strength of the dollar. Moreover, elevated global crude oil prices and selling pressure from foreign investors also weighed on the local unit, they said, adding that the...

2025-06-18T14:55:41Z

Silver rallies to hit fresh peak, gold gains Rs 540 as Israel-Iran conflict intensifies

Silver prices rallied Rs 1,000 to hit a record high of Rs 1,08,200 per kilogram while gold gained Rs 540 to stay above Rs 1 lakh per 10 grams in the national capital on Wednesday as the Israel-Iran conflict intensified on its sixth day, driving investors to safe-haven assets.

2025-06-18T12:22:15Z

Penny stock zooms 33% on order win from ONGC, check details

The penny stock zoomed from Rs 8.76 from Tuesday's close to a high of Rs 11.64 in the current session, rising 32.87% in two days.

2025-06-19T05:41:27Z

News you can use: Savings Account Rates Cut, What Should You Do Now?

Savings bank accounts remain a reliable way to build the habit of saving while offering quick access to your funds.

2025-06-18T11:56:30Z

The new middle class trap: Unsecured loans and social pressure fuel debt in India, Hong Kong and elsewhere

India and Hong Kong are very different in culture, government and location. But now they share a worrying problem: their middle classes are stuck in growing consumer debt. The middle class, which once stood for stability and progress, is now under mental stress, facing financial risks and rising inequality.In both places, people’s incomes are not growing much, but the cost of living is going up. Because of this, many middle-class families are...

2025-06-19T07:45:21Z

Ranked: how rich the average person is around the world

From Spain to South Korea, we reveal the average wealth per adult in 25 major countries around the world.

2025-06-17T06:39:47Z

Silver Futures Hit Record High Driven By Industrial Demand — Check Rates Here

Over 50% of demand now driven by solar, electronics, and electrification.

2025-06-18T12:49:30Z

Jio Financial Services acquires 7.9 crore shares of Jio Payments Bank from SBI — Details here

Mukesh Ambani-led Reliance Industries' NBFC arm Jio Financial Services acquired more than 7.9 crore equity shares of Jio Payments Bank Limited from the State Bank of India. Shares closed lower ahead of the acquisition announcement.

2025-06-18T12:12:29Z

Multibagger small-cap stock declares issue price for ₹69.30 crore fundraise via issuance of warrants

Stock Market Today: Multibagger small-cap stock declares issue price for ₹69.30 crore fundraise via issuance of warrants. Check details about Kellton Tech Solutions Limited

2025-06-19T06:12:49Z

LIC, SBI Life-owned NBFC Stock Under Rs 50 Recovers As Debt Obligations Met in Full

Shares of Paisalo Digital Ltd, an LIC- and SBI Life-backed NBFC, rebounded on 18 June after the company fully redeemed ₹30 crore worth of commercial papers. The stock surged nearly 2 per cent intraday as investors responded positively to the firm’s debt management and strong Q4 earnings.

2025-06-18T10:35:07Z

Siemens Energy shares list at Rs 2,850; mcap tops Rs 1 lakh crore

Siemens Energy India kicked off its trading on Thursday, June, 19 but was demerged from Siemens Ltd on April 7, 2025 and the stock price for spun-off entity was valued at Rs 2,368.8 apiece.

2025-06-19T04:41:28Z

Mutual Fund Investments: How To Save For Your Dream Wedding Via SIP? A Simple Guide

Start by calculating your total wedding cost and choose the amount based on the investment tenure and estimated returns.

2025-06-17T01:28:44Z

Akshat Shrivastava once earned Rs 10,000 per month. Now saves 95% of his income, thanks to one rule

Akshat Shrivastava, a financial advisor, saves 95% of his income by avoiding lifestyle inflation. Starting with modest savings from a small salary, he scaled up his investments after landing a corporate job. His key principle is to only buy something if he can afford it twice, emphasizing financial discipline and smart investment choices.

2025-06-19T06:03:59Z

PNB Sells Entire 21% Stake In India To ISARC For ₹34 Crore; Sells 2.09 Crore Shares Of The Asset Reconstruction Company For ₹16.29 Per Share

New Delhi: State-owned Punjab National Bank on Tuesday said it has sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34 crore.In March, the Reserve Bank of India had granted approval for change in sponsor of the asset reconstruction company and equity raise from Authum Investment and Infrastructure L...

2025-06-18T05:50:51Z

Urban Company Turns Profitable Ahead Of IPO With ₹240 Crore Net Profit In FY25

Indian tech startup Urban Company has reported a 38 percent rise in operating revenue for the financial year 2024-2025. The operating profit rose to Rs. 1,144.5 crore and it posted a net profit of Rs. 240 crores. To compare, Urban Company posted a Rs. 93 crore loss in the previous financial year and 2024-2025 marks as the first year that the compan...

2025-06-19T05:36:14Z

Smallcaps soar Rs 75 lakh crore in value over 7 years, growing 5x: Study

India's small-cap stocks surged fivefold in value from ₹17 lakh crore in 2017 to ₹92 lakh crore by 2024, outpacing large and mid caps. Bajaj Finserv AMC highlights strong fundamentals, 27.6% CAGR, and unrealized value despite modest recent gains.

2025-06-18T13:37:11Z

'4 BHK in South Delhi cost 6kg of gold in 1996': 30 years later, the math still holds, says advisor

Jain used a simple method: comparing what everyday and luxury items cost in 1996 and 2025, not in rupees but in gold weight.

2025-06-18T03:11:03Z

Akash & Anant Ambani Top India’s Billionaire List - What Is Their Individual Net Worth?

Akash and Anant Ambani have been named India’s richest individuals, each with a net worth of ₹3.59 lakh crore, according to a new 360 ONE–Crisil wealth report. The study maps India's shifting wealth dynamics, spotlighting the rise of digital entrepreneurs, greater female participation, and Mumbai's continued dominance in wealth creation.

2025-06-18T07:34:56Z

Is Rs 70 lakh per annum the new middle class? Investment banker explains

Are urban professionals struggling even with Rs 70 lakh income per year? A Gurugram-based investment banker breaks down where the money really goes.

2025-06-19T04:26:27Z

Multi-Cap Potential: Rushabh Desai's Guide To Picking The Winning Funds

Though the range of returns is stellar, the all-round investment does not come without challenges.

2025-06-17T15:46:01Z

Gold loan rules shake up: Gold-backed loan market faces reset under new RBI rules, says report

Gold-backed lending market is set for a major shift as new RBI regulations take effect from April 2026. The changes tighten loan-to-value norms and introduce mandatory cash flow-based credit appraisals for larger loans.

2025-06-19T08:26:39Z

‘I save 70 per cent of my income’: People on their secret pension savings

A £1.2m pot is now essential for a comfortable retirement, according to statistics – and few are close. We speak to six people with healthy pensions about how they did it

2025-06-16T05:41:14Z

5 golden personal finance rules to simplify your financial planning

Check out five timeless personal finance rules that help simplify budgeting, investing, and debt management, offering practical guidance for building wealth, staying inflation-aware, and achieving long-term financial stability.

2025-06-12T10:44:17Z

Gold May See 10% Correction In 2 Months And 30% Fall In A Year, Say Experts

Gold Rate Prediction 2025: After rising nearly 30% this year, gold prices are not changing despite escalations in the Middle East tensions. According to experts, the yellow metal is likely to have peaked out and might see a correction of about 10% in the next one-two months and around 30% in the next one year.Backing up their projections, experts say the bullion markets have already factored in geopolitical tensions, central bank buying, ETF...

2025-06-19T07:11:23Z

SIP: How To Save Rs 20 Lakh For Short-Term Goals In Five Years

A well-planned SIP strategy can help you build a Rs 20-lakh corpus in five years for your short-term financial goals.

2025-06-17T11:45:11Z

Gold Today Rate, 19 June: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities

Today's 18, 22 and 24 Carat Gold Prices in Chennai, Bangalore, Hyderabad, Mumbai, Delhi: The price of gold in India today is 10,108 per gram for 24 karat gold, 9,265 per gram for 22 karat gold and 7,581 per gram for 18 karat gold.

2025-06-19T08:26:55Z