Money

Explained - Key factors why PSU bank shares surged up to 10% on Friday

Shares of public sector banks rallied on Friday, July 10, with the Nifty PSU Bank index emerging as one of the top sectoral gainers, driven by strong quarterly earnings from Indian Bank.Indian Bank led the gains, surging as much as 10%, while State Bank of India, Canara Bank, Bank of Baroda, Bank of Maharashtra, Punjab National Bank (PNB) and Bank of India advanced between 2% and 9%.The rally came after Indian Bank reported a healthy set of...

Why NRIs are rushing to lock in FCNR deposits before RBI's September 30 deadline

RBI's special FCNR(B) deposit window has sparked strong interest among Non-Resident Indians (NRIs), with banks offering up to 7% interest on US dollar deposits. Dharmendra Maurya, Founder of Rupeeflo, said higher returns, tax benefits and the September 30, 2026 deadline are prompting NRIs to act quickly.

Bengaluru woman shares why viewing expenses differently changed her financial mindset

The video was shared on Instagram by Upasna Dogra, a Bengaluru resident, who reflected on her relationship with money.

Financial horoscope today, July 11, 2026: Aquarius signs will see financial gains, know the status of other signs

Today's Financial Horoscope, July 11, 2026: You will maintain a completely responsible approach in financial matters. You will pay special attention to your family business. You will manage your professional arrangements well.

Gold, silver prices today: Why bullion remains volatile this week

Gold and silver prices remained under pressure in international markets on Friday (July 10), even as geopolitical tensions in West Asia and uncertainty over the US Federal Reserve's policy path continued to keep investors cautious.COMEX Gold was trading at $4,126.20 an ounce, down 0.35%, while COMEX Silver fell 0.44% to $60.48 an ounce in early trade.The weakness comes after a volatile week in which bullion prices swung sharply on changing...

New tax regime: 7 smart ways salaried employees can reduce their tax while filing ITR in 2026

Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contributions to NPS and EPF, a standard deduction of Rs 75,000, and interest on home loans for let-out properties. Exempt perquisites and certain official allowances also offer tax benefits.

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.

3 things you should never do with your money

Learn the 3 crucial mistakes to avoid when managing your money. Discover how to make your money work for you, not against you. #MoneyTips #PersonalFinance

Silver rate today, July 11: Silver prices see movement again; check the rates for 10 grams and 1 kilogram for July 11.

Silver Price Today: Uncertainty persists in global markets due to ongoing tensions between the US and Iran, impacting silver prices as well. Fluctuations were observed in both precious metals during trading on the Multi Commodity Exchange (MCX). However, retail gold prices in the domestic bullion market remain high. Silver prices have continued to experience volatility following the end of the ceasefire. Amid shifting trends in domestic and...

Gold loans surge: India's silent credit shift as China stockpiles gold

Gold is no longer just a family heirloom in India—it is increasingly becoming a source of working capital. As households and small businesses turn to gold-backed loans for quick access to credit, the country's lending landscape is undergoing a quiet transformation. At the same time, China is accumulating gold reserves at a rapid pace, strengthening its strategic position amid global economic uncertainty. Why are Indians borrowing against gold while Beijing is buying more of it?

Economic buzz: New Zealand raises interest rates for first time in three years

Mumbai, July 8 -- Reserve Bank of New Zealand delivered its first interest rate increase in three years. The central bank also signaled that further rate hikes may be necessary, although the timing...

Teaching teenagers about money? Digital payments can help

For many teenagers today, financial education is no longer limited to classroom discussions or occasional advice from parents. The emergence and development of digital payments allow teens today to learn about money management much earlier than their ancestors did. Whether they receive pocket money through apps or shop online, adolescents are developing financial literacy earlier than ever. Money spending becomes visibleThe key advantage of...

Is a mansion tax for properties 'worth' £1.5m or more fair? This is Money podcast

Twice as many households could be forced to pay a new 'mansion tax' latest speculation suggests.

Is your child ready to make smart money decisions? Enrol them now in the TOI Money Masterclass

A new Times of India initiative, The Money Masterclass, aims to equip children aged 9-15 with essential financial skills often overlooked in traditional schooling. Covering topics from earning and saving to digital safety and wealth growth, the program uses relatable Indian examples. Taught by a Chartered Accountant, it offers a comprehensive toolkit and certificate, preparing young minds for financial independence. Early bird and sibling...

L&T Finance Q1 results: Profit surges 29% to record high on solid retail book growth

The company posted a consolidated bottom-line of Rs 902 crore, compared to Rs701 crore in the year-ago period.

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.

SoftBank, fintech firm PayPay in talks to invest in retail giant Seven & i: Report

The investment will likely total several hundred billion yen and Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group, may also take a ‌stake, Bloomberg ⁠said.

SCSS vs MIS: Which offers higher interest on a Rs 5 lakh investment?

Senior Citizens Savings Scheme offers a higher interest rate than the Post Office Monthly Income Scheme. An investment of five lakh rupees in SCSS yields approximately forty-one thousand rupees annually. The Post Office Monthly Income Scheme provides nearly thirty-seven thousand rupees in annual interest. SCSS offers tax benefits on principal investment under Section 80C of the Income Tax Act.

SBI's Rs 1,655 crore move ahead of mega IPO: Here's what's happening

Mumbai/IBNS, July 10 -- State Bank of India (SBI) has decided to sell a 1.4 percent stake in SBI Funds Management Ltd. through a pre-initial public offering (pre-IPO) deal worth Rs 1,655 crore, according to the company's filing cited by media reports.

Bitcoin falls close to $62,000 as geopolitical risks weigh, $143 million ETF inflows offer support

Bitcoin and Ethereum prices saw a decline on Thursday amid geopolitical tensions. Renewed geopolitical risks pushed investors toward a risk-off stance globally. However, spot Bitcoin ETFs recorded significant net inflows, offering price support. The global crypto market capitalization edged down, reflecting broader market sentiment. Analysts suggest Bitcoin's $60,000 level remains a critical support zone.

Best SIP funds over 20 years: Only 5 equity schemes out of 600 delivered over 15% returns across every long-term investment period

Only 5 out of nearly 600 equity mutual funds delivered over 15% SIP returns across 3, 5, 10, 15 and 20 years. See the top long-term performers.

The mindset of money - which side are you on?

Jaspreet Singh discusses the two types of people in the world: those focused on problems and those focused on possibilities, and how mindset impacts financial success.

Muthoot Microfin shares jump 16.5% in biggest one-day gain in over a year after Q1 business update

Muthoot Microfin shares rose 16.5% on July 10, reaching ₹245 due to strong June quarter results, highlighting a 49% increase in disbursements. The firm reported improved asset quality and diversified its portfolio, aiming to double AUM to ₹30,000 crore by FY30.

US stock market today: Dow Jones, Nasdaq flat as SK Hynix debuts; S&P 500 heads for winning week

The Dow Jones Industrial Average rose over 120 points or 0.23% and S&P 500 gained over 0.13%.

SBI Funds Management set to launch ₹11,692 crore IPO amid promising growth projections

5 viral money affirmations people are repeating to attract wealth and abundance

Here are five affirmations that are simple, meaningful, and easy to remember.

₹500 vs ₹1,000 SIP: See how a small monthly difference can create a huge wealth gap in 20 and 30 years

Many first-time investors believe that building substantial wealth requires investing large sums every month. However, the success of a Systematic Investment Plan (SIP) depends far more on consistency and the power of compounding than on the amount you invest initially. Even increasing your monthly SIP contribution by just ₹500 can make a significant difference over the long term. A comparison between a ₹500 SIP and a ₹1,000 SIP over 20 and 30...

7 benefits of having a high-interest savings account

Unlock better returns on your savings with high-interest accounts, offering more than just secure fund storage. These accounts provide easy access to your money, making them ideal for emergency funds and short-term goals. Benefit from convenient digital banking features and cultivate stronger saving habits. Discover how these accounts can boost your financial discipline and help your money grow efficiently.

Equity fund inflows jump 26% in June after May slowdown; mid and large-cap funds lead

Net inflows into equity mutual funds increased 26.48% to Rs 28,973.41 crore in June, reversing the slowdown seen in May when inflows had slipped to Rs 22,907.77 crore.

France adds a new millionaire every 15 minutes. How does Europe compare?

Eastern Europe recorded the fastest growth in dollar millionaires in percentage terms, while the UK, France and Spain ranked just behind the US in the number of new millionaires added. View on euronews

Learn how wealthy individuals leverage inflation to grow portfolios

Real estate investor Matt Theriault breaks down how inflation can become a wealth-building tool when leveraged strategically by high-net-worth investors.

Which investment option is right for you?

Mutual Funds, SIPs And IPOs Explained; Which One Matches Your Investment Style? SIPs, mutual funds and IPOs are among the most popular investment options, but they serve different purposes. Understanding how each works, their benefits, risks and suitability can help first-time investors make informed financial decisions and build long-term wealth according to their investment goals and risk tolerance.

Maharashtra, Odisha women cash schemes drive financial autonomy, alter household spending—EAC-PM paper

Paper finds male relatives of women getting cash transfers in Maharashtra spend 49% less, save 23% more monthly, while women’s own spending is up 46%. Odisha also shows dip in men's spends.

Buying the dip vs SIP: Which strategy delivers better returns? Here's what math says

Market swings often lead investors to seek ideal buying moments. However, historical data shows systematic investment plans outperform market timing strategies, as cash on the sidelines incurs opportunity costs.

Federal Bank shares gain 1% after lender secures first international investment-grade rating from S&P

Shares of Federal Bank rose over 1% in early trade on Friday after the private sector lender announced that it had received its first international investment-grade issuer credit rating from S&P Global Ratings. At 9:39 am, the stock was trading at Rs 331.40 on the NSE, up 1.11%. In an exchange filing, the bank said S&P Global Ratings has assigned it an inaugural long-term issuer credit rating of BBB-/Stable and a short-term issuer credit rating...

Indian Bank eyes $2 billion through FCNR(B) deposits

Chennai: Public sector lender Indian Bank is aiming to raise $2 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits. The move comes in the wake of the RBI withdrawing the interest rate ceiling on fresh FCNR(B) deposits with maturities of three to five years until Septr 30, 2026. The bank has seen a spurt in FCNR(B) deposits over...

Markets rally for 2nd day; Sensex jumps over 800 points

Mumbai, Jul 10 (PTI) Stock market benchmark indices Sensex and Nifty ended 1 per cent higher on Friday, taking their winning run to the second day, helped by a rally in heavyweights Reliance Industries, ICICI Bank and HDFC Bank

RBI faces $100 billion challenge after record currency defense

RBI faces a challenge unwinding its large bearish dollar bets. The central bank has begun trimming its massive short dollar forward position. This unwinding must be carefully managed to avoid currency market destabilization. Recent measures aim to attract foreign capital and support the rupee. Forecasters predict continued pressure on the Indian currency for the year.

Anand Rathi Wealth Q1 profit soars 60%; Co seeks SEBI nod to act as MP sponsor

Wealth manager posts strong June-quarter earnings as it looks to enter the mutual fund business, subject to regulatory approval.

Gold rate today (July 10, 2026): Check 24K, 22K, 18K prices in Delhi, Mumbai, Kolkata, Chennai, Lucknow and other major cities

Gold Rate Today (July 10, 2026):Gold prices declined in early trade on July 10 as MCX futures slipped. Check the latest 24K, 22K and 18K gold rates across major Indian cities.

Rupee gains 9 paise to settle at 95.38 against US dollar

Mumbai, Jul 10 (PTI) The rupee rose 9 paise to settle at 95.38 against the US dollar on Friday as the greenback weakened and crude oil prices eased despite uncertainties over West Asia peace. Positive sentiment in the domestic equity markets also supported the local currency, according to forex traders. At the interbank foreign exchange market, the rupee opened at 95.27 against the greenback and traded in the range of 95.22 to 95.42 before...

Still have a Rs 2,000 note? Here's what you need to know as RBI says 98.47% have been returned

If you still have a Rs 2,000 banknote, there’s no need to worry. While most of these notes have already been returned to the banking system, they continue to remain legal tender, according to the Reserve Bank of India (RBI).The central bank said 98.47% of the Rs 2,000 banknotes that were in circulation when their withdrawal was announced on May 19, 2023, have now been returned.Only Rs 5,451 Crore Worth Of Rs 2,000 Notes Still In CirculationThe...

Gold ETFs surge over 570% to Rs 3,443 crore in June, AMFI data shows

Gold ETF's average assets under management (AUM) stood at Rs 1,76,483.59 crore in June 2026, compared to Rs 1,83,621.79 crore in May 2026.

Are Indians finally monetising their gold?

Gold is no longer just an heirloom in India; it's fast turning into working capital. On the other hand, Beijing is stockpiling it like never before. Two very different stories for one asset class. Gold loans surge, India's silent credit shift Let's start with India. Reserve Bank of India data shows loans against gold jewellery crossed 4 lakh crore ...

Powerful psychological facts about money

Discover fascinating psychology insights about money, spending habits, and the decisions that shape your financial life. #Psychology #Money #PersonalFinance

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

In what countries do people save the most money?

How much money families manage to keep in their bank accounts varies wildly across the globe. Recent global data from World Population Review reveals a fascinating picture of personal finance habits. Some nations have incredibly high reserve funds driven by cultural traditions or economic caution. Meanwhile, several wealthy developed countries show surprisingly low numbers. Rising living costs, strong social safety nets, and different levels of financial education play huge roles in these outcomes. In this gallery, we explore 30 countries to see exactly where people are holding on to the largest portions of their hard-earned paychecks. Click to know what drives their saving habits.

Should you let AI manage your money? The pros and cons of financial automation

Managing money has become much easier over the years. Bills are paid automatically, SIPs are invested on schedule, salaries are credited instantly, and budgeting apps can track your spending in real time. Automation is now a part of everyday financial life for many Indians. It offers convenience and helps build discipline. But it also raises an important question. If technology can manage your money, how much of your financial life should you...

Stop three bad money habits before they ruin your financial future

Real estate investor Matt Theriault highlights three destructive financial habits that can quietly undermine wealth-building efforts over time.

Micron to invest over $250 billion in US by 2035 as AI chip demand surges

Micron Technology said on Thursday it plans to invest more than $250 billion in the U.S. through ​2035, driven by surging demand for memory chips in the AI ‌era and President Donald Trump's push to bolster domestic chip production.The new investment plan represents a jump from the $200 billion that Micron announced last June, which was already ​increased by $30 billion from its original spending plans.Shares of Micron were ​up about 8% in early...