Middle class man who made Rs 5 crore in 10 years reminds harsh truth about money we often ignore

Gurgaon-based corporate professional Gurjot Ahluwalia has sparked widespread reflection on social media with a heartfelt birthday message urging people not to sacrifice health or family in pursuit of wealth. Having built a net worth of Rs 5 crore despite early academic setbacks, Ahluwalia emphasized that money should serve as a tool for spending quality time with loved ones—not become the reason for neglecting them. His message resonated...

How much money did ICICI Prudential’s star fund manager Sankaran Naren make in FY25?

ICICI Prudential AMC, India’s second-largest asset manager, has filed draft IPO papers with SEBI for an offer-for-sale of 1.76 crore shares by UK-based Prudential Corporation Holdings. With no fresh issue, proceeds will go to the selling shareholder. If cleared, it will become the fifth ICICI Group firm to list and the sixth asset management company to go public.

Trump's Latest US Tariff Rates | Impact On Dollar Index; Fed's Rate Cut Expectation | Santosh Rao

Trump’s latest tariffs—50% on Brazil, 25% on Sri Lanka—strengthen the dollar index near 97.5, reflecting market caution. Santosh Rao predicts Fed rate cuts delayed to late 2025 due to tariff-driven inflation risks. Investors eye FOMC minutes for clarity, expecting volatility as trade tensions escalate.#tariff #trump #worldnews #etnow #businessnews #stockmarket

Where to Put Short-Term Money for Better Returns? | N18S | CNBC TV18

Indian stock market: 8 key things that changed overnight - Gift Nifty, Trump tariffs, TCS Q1 results to Bitcoin prices

Indian stock market: Gift Nifty was trading around 25,277 level, a discount of nearly 144 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

8th Pay Commission: 30-34% salary hike likely for government employees, says report, check the likely fitment factor, other key details

A research report by brokerage firm Ambit Capital suggests that a potential hike of 30-34% in salaries and pensions could happen once the 8th Pay Commission is implemented. The recommendations of the 8th Pay Commission are scheduled to come into effect from January 2026 but it will only be implemented once the report is prepared, sent to the government and its recommendations are approved.

How to Make Your Retirement Tax-Efficient If You Earn Above Rs 12 Lakh Income

With India’s tax laws tightening around retirement products, high-income earners must rethink their strategies. From capital gains to Ulips and PF caps, here are five ways to protect your nest egg from the taxman and ensure smarter long-term savings.

Infosys share price falls 1.34% in afternoon trade

Shares of Infosys slipped in afternoon trade on Friday, with the stock trading at Rs 1,594.10 on the NSE, a 1.34% decline from the previous close, as of 2:50 pm. Financial Snapshot:The following table presents a summary of Infosys's financial performance: HeadingMar 2021Mar 2022Mar 2023Mar 2024Mar 2025RevenueRs 100,472 CroreRs 121,641 CroreRs 146,767 CroreRs 153,670 CroreRs 162,990 CroreNet ProfitRs 19,423 CroreRs 22,146 CroreRs 24,108 CroreRs...

Money isn’t everything: Meta’s Superintelligence Labs roundly rejected by some despite tempting pay offers

Meta is trying hard to get top AI experts for its Superintelligence Labs. They are offering big salaries to compete with OpenAI and Google. However, some engineers are not accepting the offers. They are worried about work-life balance and AI ethics. OpenAI is also hiring from Meta and Elon Musk's companies. The goal is to achieve advanced AI.

Silver hits record Rs 1.11 lakh/kg in India: What’s fueling the rush to safe haven?

Silver futures on the Multi Commodity Exchange (MCX) crossed ₹1.10 lakh per kilogram in early trade, while in the physical spot market, prices hit a record high of ₹111 per gram, or ₹1,11,000 per kilogram — the highest ever recorded in India.

Bihar sees fastest growth in equity investors, joins top 10 states: Report

Bihar has recorded the fastest growth in stock market investor participation in India, the Business Standard has reported citing data from the National Stock Exchange (NSE). Between financial year 2019-20 and May 2025, the number of registered investors in Bihar surged from 700,000 to 5.2 million, a growth of 678.8 percent. The increase is the largest among all Indian states, with a compound annual growth rate (CAGR) of 48.8 percent. The jump...

Pay Rs 40,000 home EMI or invest Rs 40,000 and stay on rent? CA decodes the dilemma many professionals face in early career

Chartered Accountant Nitin Kaushik has sparked discussion among young professionals by advising against early homeownership, warning that large EMIs can restrict financial flexibility and long-term wealth creation. In a detailed social media post, he explained how committing to a home loan early in one’s career can tie up cash flow, reduce investment opportunities, and increase stress during career transitions. Instead, Kaushik advocates...

PFC, REC shares zoom up to 3% as Morgan Stanley initiates coverage with 'Overweight' rating

Power Finance Corporation and Rural Electrification Corporation saw increased interest after Morgan Stanley rated them 'Overweight', with target prices of ₹508 and ₹485, respectively. PFC shares rose 3.12%, reaching ₹430.75, while REC shares climbed 2.5% to ₹401.45.

GBI-EM Global Diversified index: Why JPMorgan is thinking of cutting India, China share in EM Bond Index - explained

JPMorgan Chase is considering adjustments to its emerging-market index, potentially reducing allocations for major bond issuers like China and India to broaden the representation of developing-nation debt.

6 rules that can create consensus in family on managing income, saving and investment

There is no substitute for open communication. Talking about what matters to one, negotiating for one’s needs, and being open about one’s beliefs helps the other to be more empathetic. Being vulnerable about one’s fears and suspicions, insecurities and doubts is critical to getting support from the other.

International funds gave up to 58% returns on one year; here are funds open for subscription

International mutual funds from the US to China have been giving decent returns to investors. However, not many of the schemes are open for investments. Although investing in international markets through mutual funds has proven effective, regulatory norms often restrict this approach. In February 2022, the Securities and Exchange Board of India (SEBI) asked domestic mutual fund companies to stop further investments in foreign stocks. It was to...

BSE Limited shares fall 2.10%, among top midcap losers in morning trade today

Shares of BSE Limited declined by 2.10% to Rs 2,414.40 in Friday's session. This decline positions the stock among the top losers on the Nifty Midcap 150 index, reflecting bearish investor sentiment. The stock's movement comes amidst a recent Moneycontrol analysis indicating a bearish outlook as of July 4, 2025. Financial Snapshot: Here's a look at BSE Limited's recent financial performance: ParticularsMar 2025Mar 2024Mar 2023Mar 2022Mar...

I was scared of investing – here’s how I’ve prepared if the cash ISA is cut

Stocks and shares ISAs aren't something to be feared, but if we really want more people investing, we need to bring them in with confidence - not policy tweaks

Personal loans: Aside from interest rate, these are the other factors one could examine

Other key factors which should influence a borrower’s decision to choose a lender include processing charges, lender’s reputation, other hidden charges & the overall experience of securing a personal loan.

Rs 100 Per Month In SIP: How Much You Can Earn in Five, 10 And 15 Years

Even with just Rs 100 per month, one can start the SIP investment journey and benefit from the power of compounding.

These are the 10 highest-paid Hollywood stars of 2024: Check how many millions they earned

Forbes’ latest ranking of the wealthiest actors in 2024 reveals a significant concentration of earnings among a select few, with the highest earner pulling in close to $90 million. The top three alone amassed over $250 million collectively, benefiting from lucrative film contracts, backend profit-sharing deals, and diversified business ventures beyond traditional acting roles. Residual income from long-running franchises and streaming content also played a crucial role, highlighting the growing importance of intellectual property and brand partnerships in today’s entertainment economy. (Image: Reuters) Down the list, actors earning between $30 million and $60 million made their mark through a combination of blockbuster film appearances, high-grossing animated projects, and consistent returns from syndication and digital streaming. Interestingly, the top ten remains largely male-dominated, with only one woman making the list, drawing attention to the persistent gender gap in high-level Hollywood earnings. The rankings illustrate how a some actors continue to dominate the industry. Take a look at the top-10 highest paid actors of 2024. (Image: Reuters) No 1. Dwayne Johnson | Earnings: 88 million | Dwayne "The Rock" Johnson maintained his box office dominance with blockbuster hits and savvy business ventures. His earnings were boosted significantly by his role in major franchise films and his tequila brand, Teremana. Johnson continues to be a bankable star with a strong global fanbase. No 2. Ryan Reynolds | Earnings: 85 million Ryan Reynolds had a standout year with the success of Deadpool 3, which was a huge draw in theaters. In addition to acting, Reynolds earned from his stake in Mint Mobile and other business ventures. His mix of comedic timing and business acumen keeps him high on the earnings list. No 3. Kevin Hart | Earnings: 81 million | Kevin Hart's earnings soared thanks to a mix of Netflix deals, stand-up tours, and his production company, HartBeat. His business ventures, including partnerships with brands and digital platforms, added significantly to his income. Hart remains one of the most versatile and hardworking entertainers today. (Image: AP) No 4. Jerry Seinfeld | Earnings: 60 million | Jerry Seinfeld continues to earn handsomely through syndication deals and streaming rights from Seinfeld. He also brought in revenue from stand-up performances and various comedy specials. Despite fewer acting roles, Seinfeld's legacy keeps his earnings high. No 5. Hugh Jackman | Earnings: 50 million | Hugh Jackman’s return as Wolverine in Deadpool 3 contributed majorly to his 2024 income. He also gained from Broadway and live performance tours. Jackman’s versatility in both film and theater solidifies his place among the top earners. (Image: Reuters) No 6. Brad Pitt | Earnings: 32 million | Brad Pitt earned through both acting and producing, with his production company, Plan B, involved in several successful projects. Though not in as many films, his strategic choices kept his income high. Pitt remains a staple in Hollywood’s elite tier. (Image: Reuters) No 7. George Clooney | Earnings: 31 million | George Clooney continued to profit from smart investments and selective film appearances. His business ventures, including endorsements and previous sales like Casamigos Tequila, still contribute to his wealth. He remains an influential figure both on and off screen. (Image: Shutterstock) No 8. Nicole Kidman | Earnings: 31 million | Nicole Kidman had a strong year with critically acclaimed roles in both TV and film. Her earnings also stemmed from endorsements and production credits. She continues to be one of the highest-paid and most respected actresses in Hollywood. (Image: Reuters) No 9. Adam Sandler | Earnings: 26 million | Adam Sandler's continued partnership with Netflix helped maintain his earnings through new comedy films and specials. He also returned to touring with live comedy, which added to his income. Sandler’s enduring popularity keeps his projects in demand. (Image: Reuters) No 10. Will Smith | Earnings: 26 million | Will Smith made a strong comeback with film roles and a renewed public image. He also earned from producing content through Westbrook Inc. Smith’s enduring fame and talent ensure he remains a top earner despite past controversies.(Image: Jordan Strauss/Invision/AP, File)

How 5 Crore Investors Were Duped in Rs 49,000 Crore Ponzi Scheme, One of India's Biggest Financial Frauds

The Uttar Pradesh Police's Economic Offences Wing has apprehended Gurnam Singh, a director of Pearls Agro-Tech Corporation Limited (PACL), implicated in a significant financial fraud. Singh allegedly led a Ponzi scheme, deceiving approximately five crore investors across ten states and amassing around Rs 49,000 crore.

Investing in FDs? Banks now offer interest rates up to 8.10% on 444 day scheme; check list

With recent FD rate reductions, opportunities remain in special 444-day deposit schemes. Several banks, including ESAF Small Finance Bank, offer competitive rates, reaching up to 8.10% for senior citizens. These schemes provide a chance to secure higher returns before further rate declines, but investors should consider early withdrawal penalties and TDS implications.

Nvidia now worth nearly as much as India's economy. Details here

According to the International Monetary Fund (IMF), India's gross domestic product is currently estimated at $4.2 trillion and is expected to touch $4.27 trillion by the end of 2025.

Revolut’s billion-dollar push to become a global banking powerhouse

Revolut, the highest-valued start-up company in Europe, is in talks for a fresh round of funding on a $65 billion valuation, sources close to the issue reported. The funding, if it goes through, would be a significant leap higher for the UK fintech as it moves to expand worldwide and strengthen its grip in the United States, the Financial Times reported. Greenoaks and Mubadala lead the chargeThe private funding round will raise around $1 billion...

Can gold break past Rs 1 lakh per 10 gram again? Here's what market analysts predict

Gold prices remain on a consolidative yet upward path, fueled by trade tensions, U.S. rate cut expectations, and dollar weakness. Analysts see this phase as a launchpad for further gains, with resistance levels in focus and safe-haven demand supporting the metal’s bullish outlook.

Gold price inches higher by Rs 600 per 10 gram amid safe haven buying. Analysts predict more upside

Gold prices rose amid safe haven buying driven by global uncertainty and tariff concerns under U.S. President Trump. August gold futures opened higher at ₹97,249 on MCX, while silver also surged. Analysts expect further volatility and upside potential.

Original Birkin bag sells for Rs 86 crore; becomes most valuable handbag ever auctioned

This particular bag was crafted specifically for the British-French actress and singer Jane Birkin in 1984.

How much did star fund manager Sankaran Naren take home in FY25?

ICICI Prudential AMC’s Draft Red Herring Prospectus reveals that veteran fund manager Sankaran Naren earned Rs 5.9 crore in FY25. This includes his fixed salary, bonus, perquisites, and deferred bonuses from earlier years. Naren, who was reappointed as Executive Director and Chief Investment Officer for a two-year term starting July 1, 2024, is entitled to a basic salary of Rs 1.4 crore, fixed pay of Rs 3.5 crore, and a target bonus of Rs 2.8...

Millennial financing meets Gen Z ways: How India’s young are rewriting the money script

India's millennials and Gen Z are reshaping the financial landscape with distinct approaches. Millennials prioritize stability and long-term planning, while Gen Z embraces risk and digital tools for faster returns. Despite differing strategies, both generations face challenges in balancing aspirations with limited savings, highlighting the need for financial literacy and affordable credit in a rapidly evolving digital economy.

Kangana Ranaut calls politics an ‘expensive hobby’, says she is left with Rs 50k salary while expenses are in lakhs: ‘If you are honest…’

Kangana Ranaut said that after winning for BJP from Mandi, she expected to 'get a portfolio' and become a minister.

World's largest cryptocurrency reaches another record high

Bitcoin soared to a new peak of $116,046.44, fueled by strong institutional demand and the Trump administration's crypto-friendly policies. Altcoins like Ethereum and Solana also surged, alongside crypto stocks such as Mara Holdings and Coinbase. This rally is supported by Trump's executive order establishing a strategic reserve of cryptocurrencies and billions flowing into Bitcoin ETFs.

Why Emkay Wealth expects gold to rise after consolidation

Gold prices are in a consolidation phase and may move upward in the coming months, according to Emkay Wealth Management’s latest Navigator report.The firm believes that periods of consolidation often build a launch pad for future gains in the yellow metal. It noted that earlier this year, strong demand from China supported gold prices. However, China’s reported selling between April and May has now faded as a key driver.A stable US dollar and...

How To Buy Direct Mutual Funds Online In India

Mutual funds (MFs) are a stress-free way to grow your wealth in equity markets. Managed by professionals, these are investment schemes created by pooling money from several investors and investing it into various companies, sectors and asset classes. There are mainly two types of MFs in India — direct plan and regular plan.Direct mutual funds are like going to a shop and buying something directly from the shopkeeper or AMC (asset management...

At 53, I've never had any savings

I thought it was normal to live paycheck to paycheck.

Buying gold in Dubai: The pros and cons; and things you need to keep in mind

Despite rising gold prices, Dubai's jewellery retailers offer savvy shoppers 15 tips for cost-effective purchases. These include timing buys during festivals like Eid and comparing prices across stores. Negotiating making charges, leveraging loyalty programs, and utilizing credit card promotions can also lead to significant savings. Tourists can further benefit from VAT refunds, ensuring a rewarding experience in Dubai's gold market.

Suzlon Energy share price gets another bullish target as Motilal Oswal sees it rising to ₹82

Motilal Oswal maintains a positive outlook on Suzlon Energy, projecting a target price and citing factors like local content adoption and strong order prospects. The stock has seen significant growth despite recent declines amid broader market weakness.

‘Relief’ for savers as plan to cut cash ISA allowance is delayed by Reeves

Chancellor had been expected to announce a cut to the cash ISA allowance in a speech next week

‘My greatest investing milestone’: Redditor turns $36K into $1M with Nvidia stock, says it took 8 years of discipline

The investor, who began buying Nvidia stock in early 2017 after purchasing a GTX 1080 graphics card, saw potential in the company’s role in the then-booming crypto mining world.

More banks cut mortgage rates with some deals dipping below 4%

The nation's biggest lenders are competing to attract new borrowers in a sluggish housing market by offering up tasty rates.

My income is irregular. How can I structure my finances and meet my money goals?

With consistency and clarity, even fluctuating income can help you fund a secure, abundant life.

What’s The Right Credit Card Limit For Your Income? Here's How To Determine

A credit card limit is the maximum amount you can borrow on your card at any given time.

NMDC shares gain 0.71% amid high volume in today's session

NMDC shares experienced a jump in volume, trading at Rs 69.18, a 0.71% increase in Friday's session. The stock is also included as one of the stocks in the benchmark Nifty Midcap 150 index. Trading volume was notably high, indicating significant investor interest in today's session. Financial Snapshot:The following table summarizes the key financial data for NMDC: HeadingMar 2024Jun 2024Sep 2024Dec 2024Mar 2025RevenueRs 6,489.31 CroreRs 5,414.19...

He retired at 45 with Rs 4.7 crore, without a business or side hustle; just had a boring job that paid 'decently'. Reddit post goes viral

A man retired at the age of 45 with a savings corpus of Rs 4.7 crore, despite never owning a business, having a side hustle, or investing in stocks. His success came from consistent investments in mutual funds through SIPs, starting in 1998. By steadily increasing his contributions with every salary hike and maintaining a modest lifestyle, he quietly built significant wealth over time. His story, shared on Reddit by his nephew, highlights the...

Our £550 a month mortgage is ending in less than a year – our costs could double

Hundreds of thousands of mortgage holders will see their five-year mortgage fixes expire next year

Petrol, Diesel Prices Flat On July 11 — Here's How Much You Pay For Fuel In Your City

Here are the updates on the petrol and diesel prices on July 11, 2025

New banks coming soon? India eyes first permits since 2014, says report

The government and central bank are said to be considering multiple steps to create more, larger and stronger banks that can support India's ambitious economic growth plans over the coming decades.

Why global luxury real estate is becoming a top pick for wealthy investors

Offshore high-end property is becoming ever more the HNI investment of choice for a mix of exclusivity, diversification, and global mobility. From Dubai seafront villas to London penthouses and Tuscan wine estates, the ultra-high net worth are diversifying across domestic investment markets, drawn by a mix of lifestyle aspiration and smart financial planning. Lifestyle upgrade and global mobilityTo most HNIs, foreign property is not merely about...

Akshat Shrivastava busts investing myths; shares 5 golden lessons to escape middle-class trap; Here's what he says

Investor Akshat Shrivastava ignited a debate on financial freedom with a bold post on X, outlining five lessons for escaping the middle-class trap in India. He emphasises earning and hustling over solely relying on investments, advocating for high-return strategies to beat inflation.

Got A Bonus? Here's How To Choose Between Prepaying Loan And Investing

Deciding between loan prepayment and investing your surplus amount should depend on factors like interest rates, risk appetite, liquidity needs and long-term financial goals.