Business

Mutual Fund Returns Soar: Should you stay invested or pay off your home loan?

The decision to redeem mutual funds and prepay a home loan depends on your financial goals, risk appetite, and loan terms.

Mutual fund calculator: How to accumulate ₹5 crore with a monthly SIP of ₹5000

Mutual fund calculator: SIPs help investors accumulate wealth through systematic contributions, benefiting from compounding and market volatility management

Financial changes that may impact you this December

Financial changes that may impact you this December

NPS scorecard: How much returns do various National Pension System schemes give? Equity, government bond & corporate debt plans compared

The National Pension System (NPS) is said to be a cost-effective retirement savings plan with a two-tier structure, according to experts. Tier-I is the primary retirement account, while Tier-II is a voluntary withdrawable account. Investors can choose from various asset classes and fund managers.

IBLA 2024 | Rajkummar Rao: It's Important To Know How Money Can Make Money | N18V | CNBC TV18

India's Inflation Story: Here are five key things you should know

India awaits the November CPI inflation data, set to be released on December 12. Here are five things you should know about the country's inflation story.

Malhotra most suited to succeed Das, says Ajay Piramal; Will watch growth-inflation balancing act, say experts

Sanjay Malhotra’s wide breadth of experience across establishments like the REC, DFS and Ministry of Power make him an impeccable choice as India’s next central bank governor.

Emergency fund vs. personal loan: Which is better for urgent financial needs?

Life is full of unexpected surprises—some pleasant, others not so much. From sudden medical expenses to car repairs or even a job loss, financial emergencies can strike at any time. When they do, having a plan in place can make all the difference. Two common solutions people turn to in these situations are emergency funds and personal loans. But which one offers immediate relief and is better suited for your needs? Let’s break it down. What is...

EPF Vs EPS: Which One Secures Your Financial Future Better?

EPF Vs EPS: In a bid to secure the financial future of employees, India offers two major retirement schemes: the Employees' Provident Fund (EPF) and the Employee Pension Scheme (EPS). While both schemes aim to support employees in their post-retirement lives, there are notable differences that employees must understand. What is the Employees' Provident Fund (EPF)? The EPF is a social security initiative designed to help employees accumulate a...

Mukesh Ambani’s Reliance Industries eyeing Rs 25,500 crore loan – But why?

The people further said that terms of lending with which Reliance is planning to settle the dues have not been finalized yet and could be subject to changes. Reliance Industries has approximately $2.9 billion worth of debt, including interest payments, which is due in 2025, according to data compiled by Bloomberg News.

Indian Overseas Bank to receive ₹1,359-crore income tax refund

State-owned Indian Overseas Bank (IOB) on Tuesday (December 10) said it has received an order confirming a refund of ₹1,359.29 crore for the assessment year 2015-16, including interest under Section 244A."As per the order dated 17.08.2024, the amount refundable to the Bank for the AY 2015-16 including interest u/s 244A of the Income-tax Act is ₹1359,29,17,840/- (Rupees One Thousand Three Hundred and Fifty-Nine Crores Twenty-Nine Lakhs Seventeen...

Gold Rate Today, 11 December: Gold prices touch a 2-week peak amid geopolitical tensions

Gold Rate Today | Gold Price in India 11 December: The rate for 24-carat gold per gram is Rs 7,840.

Keep These 4 Essential Documents In Your Car To Avoid Fines | Paisa Live

Owning a car involves more than just having the vehicle; you must also carry essential documents to avoid fines. These include a Driving License (DL), which proves your legal right to drive and is mandatory under the Motor Vehicle Act. The Registration Certificate (RC) details your car’s registration and unique number, and driving without it can result in fines. An Insurance Policy is also required by law, with penalties for not having one, and...

Credit Cards: What is the minimum due amount, and how can you manage it effectively?

Credit cards: Understanding the minimum amount owed on credit cards is crucial for financial management. While paying only the minimum keeps accounts in good standing, it can lead to long-term debt. Careful use and timely payments are essential to avoid falling into financial traps.

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict

U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive interest rate cut next week against the backdrop of a cooling labor market and rental costs. Most of the rise in inflation reported by the Labor Department on Wednesday came from higher f...

Monthly SIPs could double to Rs 50,000 crore in a year’s time: Sunil Subramaniam

Sunil Subramaniam, market expert, highlights the maturity of Indian investors using mutual funds, especially SIPs. Steady SIP inflows, nearing record highs, provide fund managers with consistent capital, enabling strategic stock purchases during market volatility. This trend, coupled with growing flexi-cap investments, points towards a robust future for Indian capital markets.

Where should a 66-year-old invest with a five-year horizon?

Understanding an individual’s risk appetite and financial goals is very important.

Personal Loan: 5 macroeconomic factors that affect your interest rates

Personal Loans: Before obtaining a personal loan, borrowers must consider factors including credit history and macroeconomic indicators. Changes in repo rates, inflation, and government spending significantly affect interest rates, ultimately influencing the affordability of loans.

Rs 125 crore in assets returned to victims in Mehul Choksi-PNB scam case

As per the court's order, the ED initiated the transfer of assets, starting with properties worth Rs 125 crore. This includes flats in Mumbai and factories/godowns in SEEPZ Mumbai.

Sammaan Capital announces plans to raise up to ₹2,500 crore through QIP

Sammaan Capital Ltd has announced plans to raise up to ₹2,500 crore through the issuance of equity shares. The funds will be raised via one or more Qualified Institutional Placements (QIPs), subject to necessary approvals.In a board meeting held on December 11, 2024, the company’s directors authorised the move, which aligns with the Securities and Exchange Board of India’s (SEBI) regulations for capital issuance. The funding will help bolster...

Zara owner records ‘massimo’ profit at $1.77 bn for third quarter

Zara owner Inditex posted Wednesday another record quarterly profit but it was lower than expected as sales slowed, causing shares in the world's biggest fashion retailer to sink.The Spanish group, whose other brands include Massimo Dutti, Pull & Bear and Bershka, reported a profit after tax of 1.68 billion euros ($1.77 billion) for the third quarter, up six percent from the same period last year.While it beat its record for a single quarter, it...

How to build a ₹1 crore education fund for your child in 10 years

Planning for your child's education is one of the most important financial goals you can undertake as a parent. With the rising costs of education, especially for higher studies, building a corpus of ₹1 crore in 10 years requires careful planning, disciplined investing, and a clear understanding of your financial goals. While this might seem like a daunting task, starting early and leveraging the power of compounding can make it achievable....

Elon Musk becomes first person with $400 billion net worth; leaves Jeff Bezos and Mark Zuckerberg behind

Elon Musk's net worth soared to an unprecedented $400 billion, fueled by SpaceX's insider share sale, Tesla's stock surge, and his AI ventures. Trump's re-election significantly boosted Tesla's value, aligning with Musk's political support. His expanding influence, including a potential government role, further solidifies his financial dominance. SpaceX's government contracts and Mars ambitions continue driving its success and Musk's fortune.

Cong govt spent over Rs 11,200 crore on interest on loan taken by previous govts: Himachal CM Sukhu

Shimla, Dec 11 (PTI) The present Congress government has taken Rs 28,000 crore loan in the past two years out of which over Rs 11,200 crore was spent to pay interest on loan taken by the previous governments since 1971, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said on Wednesday

The hidden costs of int'l money transfers

As global mobility increases, NRIs face complicated and costly international money transfers. Hidden fees and exchange rate markups significantly reduce the final amounts received. Specialized international payment providers offer more transparent, efficient, and affordable solutions, helping individuals avoid unnecessary expenses and stay connected with their loved ones in real-time.

Why Do We Write 'Only' In Cheques? Omitting It May Cost You Dearly

There are many rules related to making payments through bank cheques, but most people are unaware of them. This lack of awareness is often why the bank refuses to process certain payments. While most people are cautious about the signature on a cheque, do you know about the importance of writing the amount in words correctly?The amount on the cheque is written both in words and in numbers, and after writing the amount in both forms, “rupees...

Indian stock market: 7 key things that changed for market overnight - Gift Nifty, rising US dollar to gold prices

Indian stock market: Gift Nifty was trading around 24,687 level, a premium of nearly 5 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices.

Pushpa 2 Box Office Collection Day 6: Allu Arjun Film Soars Past Rs 640 Cr, Unstoppable Run Continues

Allu Arjun’s Pushpa 2: The Rule has shattered records within its first week. The film continues its stellar performance, amassing Rs 644.45 crore at the global box office by its sixth day. According to Sacnilk.com, Pushpa 2 collected Rs 51 crore on Tuesday alone, after a remarkable weekend run that included Rs 93.8 crore on Friday, Rs 119.25 crore on Saturday, and an impressive Rs 141.5 crore on Sunday—the highest single-day collection for the...

Pilani Investment seeks RBI nod for conversion from NBFC to core investment company

Pilani Investment and Industries Corporation Ltd on Wednesday (December 11) said it has submitted an application to the Reserve Bank of India (RBI) requesting the conversion of the company from a non-banking financial company (NBFC) to a core investment company (CIC)."This is to inform you that the Company has today i.e 11th December 2024, submitted an application with the Reserve Bank of India for conversion of the Company from a Non-Banking...

RBI's CRR Cut Will Offer Some Relief On Liquidity: Union Bank

Could Trump as president accelerate de-dollarisation?

At various points in the past when US government debt threatened to explode, there would be talk of de-dollarisation and efforts to find a substitute — all to no avail

Reliance Jio announces New Year Welcome Plan 2025: Price, benefits and how to get

Reliance Jio has launched its New Year Welcome Plan 2025 for its customers. The plan priced at Rs 2025 and offers long-term validity, unlimited 5G data, free SMS and 200 days of unlimited 5G data, voice, SMS, along with partner coupons worth Rs 2,150. Jio New Year Welcome Plan: Price, benefits and other detailsThe New Year Welcome Plan is priced at Rs 2025 and it offers following benefits: Unlimited 5G data 500 GB of 4G data (equivalent to 2.5...

Redmi A4 5G Shows That Value Of Budget Phones Still Matter

The budget 5G phone segment is truly getting a lifeline thanks to the new Snapdragon 4s Gen 2 chipset which has launched with the Redmi A4 5G phone from Xiaomi in India this year. The sub-Rs 10,000 market has lost its shine since the focus on 5G phones but things are gradually changing which will allow more people to upgrade. The Redmi A4 5G priced at Rs 8,499 looks to benefit from this hardware and Xiaomi is promising an overall package that...

Better clarity on inflation by February may pave way for new governor to cut rates, say economists

The Monetary policy committee (MPC) of the Reserve Bank of India (RBI) is expected to have better clarity on the Consumer Price Index (CPI) Inflation by the February policy, which may pave way for the new Governor Sanjay Malhotra to cut rates, economists said. “We do expect a rate cut in the February policy as the MPC is likely to have more clarity on the inflation trajectory. The recent moderation in food prices, led by vegetables, if sustained...

Multibagger Stocks under Rs 50: Up to 750% returns in 2024! 7 shares - Year ender 2024

Multibagger Stocks under Rs 50: The stocks in focus are all that trade under Rs 50 on the exchanges currently. These penny stocks have delivered around 130 per cent to 750 per cent return in 2024 so far.

Private equity investors in healthcare must prioritise patient care over profits, says Preetha Reddy

Apollo Hospitals' Vice Chairperson Preetha Reddy emphasized the importance of prioritizing patient care over profits in the healthcare sector. She criticized private equity investors for prioritizing business interests and urged them to adopt a patient-centric approach. Reddy argued that healthcare can be profitable if managed with appropriate care and consideration for its unique needs.

Mobikwik’s IPO subscribed 7.3 times on first day

Mobikwik's Rs 572 crore IPO saw strong investor interest on its first day, being subscribed 7.3 times. Retail investors led the charge, bidding for 27 times their allocated quota. The company plans to use the proceeds for business growth and lending partner guarantees.

Do You Have Multiple PAN Cards? Here Is A Step-By-Step Guide To Surrender Duplicate PAN And Avoid Penalty

Under Section 139A of the Income Tax Act, of 1961, an individual is allowed only one PAN. Violating this provision can attract penalties as per Section 272B.

Gold reclaims Rs 80,000-mark; silver rally extends for third day

New Delhi, Dec 11 (PTI) Gold prices rallied to reclaim the Rs 80,000-level in the national capital on Wednesday driven by increased buying from jewellers and stockists, amid a strong global trend, as per the All India Sarafa Association

Good credit score: What are the different ranges and their meanings?

Credit Score: A credit score reflects repayment ability and credit history, affecting loan approvals and terms. Ranges from poor to excellent indicate risk levels for lenders. Timely payments and cautious borrowing can improve credit scores, enhancing borrowing options.

Employee Provident Fund: Benefits and how to check your balance

EPF offers several advantages that make it much more than just a savings plan. One key benefit is shared contributions, where your employer contributes alongside you, effectively doubling your retirement savings. The scheme also provides tax relief and its competitive interest rate helps your savings grow faster. When you retire, you receive a lump sum, including your contributions, your employer’s contributions, and accumulated interest,...

7 investment rules to become a crorepati in 10 to 20 years

Many individuals aspire to become crorepatis. However, to amass such wealth, it is essential to employ specific formulas tailored to one's unique financial situation.

Edelweiss' Radhika Gupta explains why fixed income MFs belong in your portfolio

Fixed-income MFs, as Radhika Gupta suggests, enhance equity portfolios with stability, flexibility, and tax efficiency.

'The RBI Is Known For Continuity & Firm Policy', KV Kamath On RBI Governors | Watch | Business News

In this video, KV Kamath, a renowned Indian banker, shares his insights on the Reserve Bank of India (RBI) governors and their approach to policymaking. Kamath highlights the RBI's reputation for continuity and firm policy decisions. As India's central banking institution, the RBI plays a crucial role in shaping the country's monetary policies and maintaining financial stability. Kamath's perspective sheds light on the importance of a consistent and unwavering approach by the RBI governors in navigating the ever-evolving economic landscape. Watch the video to gain a deeper understanding of the RBI's role and its impact on India's business and economy.#etnow #et #etnowenglish #rbigovernor #kvkamath #sanjaymalhotra #shaktikantadas #businessnews #rbi #nikunjdalmia

Why are loan terms better for women borrowers? Here are 4 key reasons

Women borrowers are perceived as less risky by lenders, leading to better loan terms. They have superior credit profiles and benefit from government initiatives aimed at promoting financial independence, although challenges like limited access to credit and financial illiteracy persist.

Why one of IPL 2025's most expensive player is pursuing a PhD in finance, after his MBA

Venkatesh Iyer, the Kolkata Knight Riders' star all-rounder, has made headlines in IPL 2025 after being bought for a record Rs 23.75 crore. Despite his soaring cricket career, Iyer remains committed to education and is currently pursuing a PhD in Finance, having already completed his MBA. In an interview, he shared how his academic pursuits help him manage pressure and make better decisions both on and off the field.

Debt mutual fund inflows decline 92% in November. Will it regain attraction?

Debt mutual fund inflows plummeted 92% in November to Rs 12,915 crore, down from Rs 1.57 lakh crore in October. Liquid funds saw the biggest outflow. Experts suggest investors shouldn't ignore debt funds despite the equity market rally and recent tax changes impacting indexation benefits.

Mintifi closes $180 million Series E funding round led by Ontario Teachers', Prosus

Mumbai-based supply chain financing platform Mintifi has raised $180 million (approx. Rs 1,494 crore) in its Series E funding round, co-led by Teachers’ Venture Growth (TVG), the late-stage venture and growth equity arm of Ontario Teachers’ Pension Plan, and Dutch technology investor Prosus. Existing investor Premji Invest also participated in the round, which comprised a combination of primary and secondary transactions. Moneycontrol was the...

AI-Powered Financial Assistant To Help Manage Your Finances

While HNIs get to enjoy the experience of personalized advice, for the average person, managing finances is often seen as a daunting task. Mastering minute details about financial products, and keeping a tab on various accounts, loans, and investments-the financial journey is indeed strewn with difficulties.

Let’s Talk Money | What Should Be Done To Ensure Women Have A Say While Planning Finances | N18V