India

Tamil Nadu court fines private bank Rs 20 lakh for overcharging man

CHENNAI: A private bank has been fined Rs 20 lakh by the Chief Metropolitan Magistrate Court in Egmore for allegedly charging an excess amount of Rs 14.3 lakh a man who pre-closed a loan of Rs 1.5 crore. According to police, R Selvaraj, an entrepreneur, had pledged his house with Kotak Mahindra Bank and availed the loan in 2006. He pre-closed the l...

Investing in Solar Energy: How Soon Will You See Returns?

By Jai The demand for alternative means of energy resources has been increasing in recent years, and solar power serves as the perfect example of one of the most environment-friendly alternatives. With increasing utility bills, supplemented by environmental problems and government initiatives, homeowners and companies have been increasingly turning towards solar power. One of the most important questions people have when they are getting solar...

SIP Or Lump Sum In MF: Which Works Better? Experts' Insights Amid Market Volatility

SIP Or Lump Sum In MF: New investors often face tough situations when starting to invest in the market. The turf becomes more difficult when it is full of volatility, making it harder to keep the tough mantle during ups and downs. Mutual funds work as helping financial instruments for new investors to invest regularly in the market without worrying about its nitty-gritty.A dilemma among new investors often arises if they should go for SIPs or...

Flying to the US from India becomes cheaper this summer

Good news for Indian travelers! Airfares from Mumbai to the US have significantly dropped, with one-way tickets now starting at ₹37,000 for May 2025 travel. Return fares begin at ₹76,000, a welcome change from previous years. This decline, driven by improved connectivity and shifting airline strategies, offers relief to those visiting family, pursuing education, or traveling for tourism.

7 Reliable Investment and Savings Schemes Options In India, As Per Expert

With the landscape of Indian finance offering vast and dynamic options, navigating the complexities of investment and savings schemes can be a daunting task. Our expert, Dr Ratish Gupta, Director of Wealth Wisdom India Pvt. Ltd. (WWIPL.com), shared some insights on reliable investment and saving schemes. Dr Gupta said, “India’s financial sector has witnessed substantial growth, a trend expected to continue. The private wealth management industry...

ICICI Bank board recommends Rs 11 dividend following Q4 results

ICICI Bank announced a dividend of Rs 11 per share following a strong financial performance in the fourth quarter. The bank's net profit rose significantly, driven by increased lending and healthy net interest income. While margins may face pressure due to anticipated rate cuts, the bank plans to add 400 new branches.

It's not your salary, but your savings that make you a millionaire, says Vijay Kedia

High salaries may look impressive on paper, but they don’t guarantee wealth. What truly matters is how much you save — not how much you earn, says veteran investor Vijay Kedia.

8th pay commission salary hike: Pension at par with employees' pay? Update on report submission

8th pay commission salary hike: It will depend on the fitment factor which is a multiplier used to calculate the revised basic pay of central government employees and pensioners. Experts believe that this number could be in range of 2.6 to 2.85. TeamLease Digital CEO Neeti Sharma told ET NOW Digital that the basic minimum is expected to rise beyond 40,000.

Are real estate investors treating homes as ‘trophies’, ‘piggy banks’? Redditors weigh in

Real estate investment: Redditors say behind quick sell-outs lies a telling trend—many homes aren’t being purchased to live in but as ‘trophies or piggy banks’

India could benefit as dollar weakens, says economist Ruchir Sharma; calls 6-month market correction a 'positive'

Ruchir Sharma noted that a weakening US dollar and declining enthusiasm for American assets may encourage foreign investors to turn back to emerging markets — including India.

Kesari Chapter 2 box office collection day 2: Akshay Kumar starrer sees significant surge, mints Rs 10.08 crore

Akshay Kumar's starrer period drama, Kesari Chapter 2: The Untold Story of Jallianwala Bagh, recently made its debut in the theatres and has been enjoying decent numbers at the box office. The film has notably collected Rs 10.08 crore, with a total of Rs 17.92 crore on its second day of release. However, the film is expected to add more numbers on the first Sunday. The film opened with Rs 7. 75 crore on Friday. However, the film’s collection is...

Physical Gold vs Gold Mutual Funds: Which is more efficient?

Both physical gold vs gold mutual funds have their pros and cons, and understanding the differences between the two can help investors make informed decisions based on their financial goals and risk tolerance.

Why More and More Rich Indians Are Leaving the Country?

India's economic narrative is one of paradoxes. On the one hand, it is celebrated as the fastest-growing major economy, with a GDP growth of 8.2% in FY2023-24, driven by robust performances in manufacturing and services sectors . On the other hand, its wealthiest citizens — the ones who generate substantial revenue, employment, and global visibility — are planning their exits. A joint survey by Kotak Private Banking and EY reveals that over 1 in...

From Charts to Fortunes: The Musicians Who Hit the Billion-Dollar Mark

From Charts to Fortunes: The Musicians Who Hit the Billion-Dollar Mark

Investing in a second home? Here are five things you should keep in mind before you seal the deal

When investing in a second home, target locations with strong rental yields and capital growth, especially those with upcoming infrastructure

Opting for new tax regime? Check out these 5 benefits

The revisions introduced under the new tax regime aim to make the new regime easier, cut down on paperwork, and minimise the confusion many individuals experience in filing their returns.

Gold Price Today In India: Yellow Metal Holds Firm Above Rs 97,000; City-Wise Rates For April 20

Gold Rates Today in India: Gold price held steady on Sunday morning, April 20, amid tariff jitters and global economic uncertainties. In Delhi, the gold price stood at Rs 89,600 per 10 gram for 22-carat and Rs 97,730 per 10 gram for 24-carat.Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery...

Indian caught moving $2 million in cash out of Zambia

Zambian customs officials apprehended an Indian national at Kenneth Kaunda International Airport for attempting to smuggle $2.32 million in cash and $500,000 worth of suspected gold to Dubai. The 27-year-old was caught by a multi-agency team, and investigations are currently underway.

Want to Study in the US? Here are essential financial documents required for preparing proof of finances

Before issuing a Form I-20—a crucial document required for obtaining an F-1 student visa—universities conduct a thorough financial verification process.

Annuity & Pension Plan: A Comparative Guide to Help You Secure Your Future!

Choosing the right retirement plan is essential for financial stability. Annuities offer guaranteed income, while pension plans provide market-linked options and valuable death benefits. For a secure future, the HDFC Life Smart Pension Plus plan ensures a steady income for life. Consulting a financial advisor can help you make the best decision.

Nikhil Kamath says giving feels more 'intoxicating' than earning, but Bill Gates reveals how to navigate between the two

Nikhil Kamath and Bill Gates explored the evolving motivations behind their success, from initial financial drives to the complexities of philanthropy. Kamath admitted to past desires for money, power, and validation, while Gates acknowledged ego's role even in charitable acts. Both reflected on the unique satisfaction derived from giving, contrasting it with the competitive intensity of the business world.

Want to reach Rs 2 crore in 15 years? Here's what investors need to save in 2025

Manish Jaiswal sought expert advice on ET Now's The Money Show to enhance his retirement portfolio, aiming for Rs 1.5 crore in 15 years through SIPs. Financial advisor Nisreen Mamaji validated his fund choices and suggested diversifying his investments into specific funds to potentially reach Rs 1.

Ahead of Market: 10 things that will decide stock action on Monday

Indian benchmark equity indices closed higher on Thursday to log their best week in more than four years and erase all their year-to-date losses, led by a rally in heavyweight financial stocks.

The true cost of raising a child revealed — and how much to save for each age

Cognizant CEO Ravi Kumar sees 11% pay hike, takes home $16.1 million in 2024

Cognizant CEO Ravi Kumar pay hike: In 2023, Kumar’s total compensation stood at $22.6 million, boosted by a significant one-time equity award granted at the time of his appointment as CEO. Excluding that, his 2024 earnings reflect a steady rise driven by performance incentives and stock vesting.

Why is the world so heavily invested in US Treasuries?

For many years, the US Treasuries have been known as safe and stable investments. They have been a popular choice for investors around the world, especially during times when the markets are unstable. These government bonds are trusted because they are backed by the full support of the US government. They have been a key part of many investment portfolios and have helped support the global financial system. However, changes in world...

How Banks Decide Your Home Loan Interest Rate

Understanding these influencing factors can help you improve your eligibility—not only to secure loan approval but also to reduce interest costs.

'Good Bad Ugly' box office collection day 8: Ajith's film surpasses 'Game Changer' collections; inches towards the 200 crore mark

'Good Bad Ugly,' starring Ajith Kumar and Trisha Krishnan, continues its box office success, earning ₹194 crore worldwide after eight days. Surpassing 'Game Changer,' it's now the highest-grossing Tamil film of the year. Despite a slight occupancy drop in the second week, the action entertainer maintains momentum, drawing audiences with its gripping storyline and star-studded cast.

'Buy gold, silver, and Bitcoin': Rich Dad Poor Dad author Robert Kiyosaki offers investment advice ahead of predicted economic turmoil

Amidst warnings of a 'greater depression,' Robert Kiyosaki advises on investment strategies for economic resilience.

These are the 9 most valuable coins in the world

Coin collectors are captivated by rare and valuable coins which carry historical significance. Highlighted examples include the 1794 Flowing Hair Silver Dollar and the 1787 Brasher Doubloon, with prices reaching up to $12 million. Other notable mentions are the 1343 Edward III Florin, the 2007 Canadian Gold Maple Leaf, and Morgan Silver Dollars, all fetching significant sums.

CA Nidhi Jain’s ‘Pursuit of Finance & Leadership’: India’s Top Leaders Mentoring the Next Generation

Mumbai (Maharashtra) [India], April 18: In a rapidly evolving business landscape, one platform is making waves by equipping professionals and entrepreneurs with the tools they need to thrive: The Pursuit of Finance & Leadership. The channel has quickly become a go-to resource for those seeking insights into finance, leadership, and career development. With over 150 videos and 1.5 million+ views across platforms within just a couple of quarters...

1:8 bonus issue share: 16.49% up in one week - Why penny stock under Rs 5 will be in focus

1:8 bonus issue share: The company had last year rewarded its shareholders with a twin corporate action – 1:8 bonus issue and a 5:1 stock split, which reduced the face value of the shares from Rs 10 to Rs 2. Micro cap firm currently has a market cap of Rs 76.24 crore.

Glittering gold and gigantic gains! Buy yellow metal on auspicious Akshaya Tritiya 2025 - Muhurat date and time

Akshaya Tritiya 2025 muhurat date and time: Celebrated by Hindus, the festival of Akshaya Tritiya is celebrated on the third day (Tritiya Tithi) of Shukla Paksha in the month of Vaisakha. This day is considered to be very auspicious for buying the yellow metal. Numerous festivals and events in Hindu religion takes place on this sacred day.

How much money do you really need for financial freedom in India? Rs 10 crore, Rs 50 crore or more?

You don't need Rs 10 crore or Rs 50 crore for financial freedom — just calculate your expenses and aim for the right amount using the 4% rule.

Gold ETFs vs physical gold: Which gives better returns over 10 to 15 years?

Physical gold—whether in the form of jewellery, coins, or bars—has long been considered a safe-haven asset by Indian households. Its cultural appeal, use in ceremonies, and psychological assurance of tangible ownership continue to make it a preferred choice for many. Over the past 10 to 15 years, physical gold prices in India have delivered strong returns. According to data from the India Bullion and Jewellers Association (IBJA), gold has...

How Israelis Master Money Management: The 5 Jar Method Explained | Republic Business

How Israelis Master Money Management: The 5 Jar Method Explained | Republic Business

How to earn money on YouTube: A comprehensive guide to monetizing your channel

Elevate your YouTube channel's success by producing top-notch content, fostering viewer engagement, and utilizing analytics for strategic enhancements, leading to increased revenue opportunities and audience growth.

BSE @ 150: Nirmala Sitharaman’s Message To Investors, Corporates & Regulators

During the 150-year celebrations of the Bombay Stock Exchange (BSE) in Mumbai, Finance Minister Nirmala Sitharaman addressed the key stakeholders in India's vibrant financial ecosystem. In her message, she urged market intermediaries and exchanges to innovate with purpose, always keeping the investor at the centre of their efforts. To investors, she encouraged staying informed, patient, and focused on the long-term potential of disciplined wealth creation. She also appealed to corporates to let transparency, sound governance, and a commitment to shareholder value guide their actions. Furthermore, she called on regulators to remain proactive, agile, and responsive in a rapidly changing world.

10 Money Habits Of People Who Retire Before 40

Retiring at 40 isn't a pipe dream, and you don't have to be a tech genius, Wall Street bro, or pro athlete to do it. But you have to follow the habits of those who've done it before.

What's New With Reliance JioCoin? Latest Updates And Price Trends

Reliance JioCoin, created by Jio Platforms Limited, is gaining attention in India's digital and crypto sectors. The company has partnered with Polygon Labs to enhance JioCoin's development within the Web3 framework. Users earn JioCoins by engaging with various Jio applications using Indian mobile numbers.

FIIs roar back, pump Rs 15,000 crore into Indian stocks in just 3 days. Is the tide turning?

After weeks of sulking on the sidelines, foreign institutional investors (FIIs) have stormed back into Dalal Street with a vengeance by pumping nearly Rs 15,000 crore into Indian stocks over just the last three trading sessions.

'Worried about something worse than 2008 recession': Billionaire Dalio warns of potential US financial crisis

Billionaire Ray Dalio warns that the US economy faces the risk of a crisis potentially more severe than 2008 due to trade tariffs and economic instability.

How GTA RP’s underground economy is creating millionaires: Inside the hidden world of virtual wealth

Grand Theft Auto Roleplay has a secret economy. Players are earning real money from virtual roles. Custom servers allow unique gameplay. Players pay for in-game perks. Server owners earn through subscriptions and donations. Coders and streamers are also making money. This virtual economy is unregulated. Players buy in and developers cash out. The lines between play and profit are blurred.

The ROI of US Higher Education: How Your Degree Choice Affects Your Future Earnings

How the return on investment (ROI) of US higher education varies based on degree choice and field of study. It reveals that degrees in fields such as engineering, computer science, and nursing tend to provide higher ROI, with lifetime earnings often exceeding $500,000. In contrast, degrees in arts, education, and psychology may offer minimal financial returns. The report highlights the importance of selecting the right degree for maximising...

Europe calling. Why Italy’s golden visa is the top pick of the wealthy

Golden visa is the word of the year. As interest spikes in “residence by investment”, Firstpost and Moneycontrol bring you a series on popular “golden visas”. For our next story, we explore the Italian golden visa and why it is appealingRich cultural heritage, scenic places and sumptuous cuisine – Italy has a lot going for it. The European country is one of the favourites of wealthy foreigners seeking residency by investment.Italy’s golden visa...

Easter lottery players scoop £1million EACH thanks to special draw

Despite no one taking the top prize by matching all six balls, the three winning tickets matched five of the six main numbers plus the bonus ball.

A quick guide for NRIs wanting to invest in Indian Mutual Funds

Mutual Funds provide NRIs with a structured way to invest in India's financial markets, enabling capital growth and diversification. The Indian mutual fund industry's AUM has more than doubled in five years. NRIs need to complete KYC and choose the right bank account for investment.

Income Tax: Make note of these 5 key points if you are a salaried taxpayer

Make sure to choose the correct ITR form before you file your income tax return. Else, the return would amount to defective return, and you will have to file a revised return.

Rs 1 lakh monthly income after retirement from Rs 5,000 SIP: How a right SWP plan can make it happen

Systematic Withdrawal Plan (SWP) allows you to withdraw money from your mutual fund investment like a regular pension. So you first build a good corpus through a mutual fund SIP over a period of 25 to 30 years. After you retire, you put that money into an SWP plan and get a regular monthly income.

US-based NRI shares emotional post about identity loss despite financial success abroad, seeks netizens' advice

A 32-year-old man’s Reddit post about struggling with identity loss after moving to the US has gone viral. Despite financial stability, he faces emotional isolation and a sense of disconnect from his roots in India. Fellow NRIs offered advice on rebuilding identity, emphasizing social connections and self-acceptance, highlighting the often-overlooked emotional toll of emigration.