Money

​10 habits that are draining you financially ​

​Discover how seemingly minor habits can significantly impact your finances over time. Learn to identify and address these to save more and live better.​

Gainers and Losers: 10 stocks that moved the most on May 8

On May 8, the Sensex was down 45.46 points or 0.06 percent at 73,466.39, and the Nifty ended flat at 22,302.50. About 1,982 shares advanced, 1,659 shares declined, and 140 shares unchanged. Bharat Forge | CMP Rs 1,438 | Shares of Bharat Forge rose nearly 16 percent after the company reported robust Q4 earnings and give positive commentary on earnings for FY25. The company’s net profits rose 59.3 percent YoY to Rs 389.6 crore. Bharat Forge Chairman and MD Baba Kalyani said “At a consolidated level, we expect FY25 to be a year of growth driven by defence business, industrial casting business and continued improvement in capacity utilisation of the overseas business. The turnaround of the overseas business coupled with margin improvement in other business verticals should result in strong growth in profitability in FY25”. Paytm | CMP Rs 317.15 | Paytm stock fell 5 percent and hit lower circuit after reports indicated that Aditya Birla Finance, one of the fintech firm's key lending partners, invoked loan guarantees due to repayment defaults from customers. Other lenders such as Piramal Finance and Clix Capital also pulled the plug on their partnerships with Paytm after RBI barred Paytm Payments Bank from operations, reports said. The stock hit its all time low level during the session as well. Sonata Software | CMP Rs 544.50 | Shares of Sonata Software plunged 14 percent after the company posted weak earnings in the fourth quarter. The company’s net profit fell 3 percent YoY to Rs 110.4 crore. In QoQ basis, revenue fell by 2 percent in Constant Currency basis. Analysts said this was caused by Quant seasonality, delay in large deal closure and delay in deal ramp-up. Pidilite Industries | CMP Rs 2,814.55 | Pidilite Industries stock slumped 4 percent after the company reported a mix numbers in the quarter that ended in March. The company's consolidated net profit for the quarter rose 19.3 percent on-year to Rs 364 crore while revenue grew 7.9 percent to Rs 2,902 crore, missing street estimates. Voltas | CMP Rs 1,323.15 | Shares of Voltas fell 4 percent after its net profit for March quarter fell by 19 percent to Rs 116 crore. The EBITDA margin came in at 4.5 percent, lower by 280 basis points on-year. Morgan Stanley said that the AC segment's margins disappointed, as the project business saw continued losses. The brokerage retained its equal-weight call, with a price target of Rs 1,160 per share. IRB Infrastructure Developers | CMP Rs 67.80 | IRB Infrastructure stock gained 2 percent after the company’s net profit jumped by 45 percent YoY to Rs 188.9 crore driven by strong topline and other income. Revenue from operations grew by 27.2 percent YoY to Rs 2,061.2 crore for the quarter. Dr Reddy’s Laboratories | CMP Rs 6,053 | Shares of Dr Reddy’s Laboratories fell 3 percent as brokerages were left disappointed with lack of near term growth triggers for the company. While Dr Reddy's remains focused on biosimilars and initiatives to strengthen its business in key markets, brokerages forecasted its benefits to play out only after FY25. Dr Reddy’s Laboratories recorded a net profit of Rs 1,307 crore for the March quarter of FY24, up 36 percent from the year-ago period and also slightly above the estimated Rs 1,291 crore. SRF | CMP Rs 2,340 | SRF stock fell 3 percent after the company posted a drop in profit for the fifth quarter in a row, hurt by sustained weak demand in its mainstay chemicals business. SRF's Q4 consolidated net profit fell 24 percent on-year to Rs 422 crore, and its revenue from operations dipped 5 percent YoY to Rs 3,570 crore during the quarter under review. Indraprastha Gas | CMP Rs 452.20 | Shares of Indraprastha Gas gained 3 percent after the company reported a nine percent YoY increase in its consolidated net profit at Rs 433.29 crore for the fourth quarter of fiscal year 2023-24. The company’s total volume stood at 8.73 mmscmd (million metric standard cubic meters per day) in the quarter ending March 31, reporting a growth of six percent compared to last year. Hero Motocorp | CMP Rs 4,588 | Hero Motocorp stock jumped 2 percent after the company declared an 18 percent YoY rise in net profit to Rs 1,016 crore on the back of strong volume growth, newer product mix, softening commodity costs, and higher average selling prices (ASPs). The two-wheeler manufacturer's revenue rose 15 percent to Rs 9,519 crore in Q4FY24.

Gold prices hold ground as traders eye Fed cues

China's central bank added 60,000 troy ounces of bullion to its reserves in April, official data showed on Tuesday, extending the period of consecutive purchases to 18 months.

Oldest siblings tend to make more money. Researchers have a new theory that explains why.

Younger siblings tend to earn less money than their older siblings. Differences in early health outcomes could explain why.

5 things that are hard to get even if you're pretty rich

Money sometimes can't buy everything. Exclusive reservations, elusive Birkin bags, and more can remain out of reach for the wealthy.

EXCLUSIVE | Sania Mirza's Relationship With Money | The Sania Mirza Story On Future. Female. Forward

Gold and silver prices today on 08-05-2024: Check latest rates in your city

Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.73818.0 in Delhi whereas 1 kg of silver was Rs.85100.0 in Delhi.

Top 5 payment apps for secure and simplified payments: Google Pay, PhonePe and more

With Paytm virtually out of the picture, check out the top 5 payment apps for carrying out secure and simplified payments among the likes of Google Pay, PhonePe and more.

Now I Get It: See how Gen Z became the passive-income generation

They came of working age amid crises and change, soaring inflation and cycles of job loss. They had no choice, in a sense; they also had limitless opportunity.

1000% dividend! Kingfisher maker's STRONG and FIZZY cash reward for shareholders in Q4 results

United Breweries Ltd announces dividend for FY24. The dividend will be paid on or before August 30, 2024 if approved by the shareholders. The 25the AGM of the Company will be held on Thursday, August 01, 2024.

Having Multiple Bank Accounts? Things You Should Keep In Mind

In today’s digitised world, the banking sector has undergone a remarkable transformation, providing customers with unprecedented convenience and ease. From seamless money transfers to opening accounts from the comfort of home, banking has become remarkably simple. With the advent of video KYC online, the process of opening a bank account has become even more streamlined, leading to a growing trend of individuals opting for multiple savings...

How does divorce impact your CIBIL score? Here are 4 primary ways in which it affects your figures

Although divorce itself does not impact your credit score, or CIBIL score, credit behaviour and financial management, such as your payment history, credit utilisation, types of credit accounts, and credit inquiries, among others, may have an effect on the score.

Seeking joy in dollars: How much money do you need to be 'happy' in America?

A survey by Empower has found that 59% of Americans believe money can buy happiness. The survey also reveals that financial happiness is tied to freedom, security, and relief, with the average person believing that it would take $1.2 million to achieve it. However, smaller financial gains can also have a positive impact on wellbeing. The study highlights the importance of achieving financial milestones and having a detailed financial plan. Many...

Brain teaser: Can you solve this simple maths puzzle?

The internet offers puzzles, riddles, and brain teasers. Solving brain teasers improves cognitive function and mental agility, enhancing memory and problem-solving skills in daily routines. By incorporating brain teasers into daily routines, individuals can maintain cognitive health, sharpen their minds, and enjoy the satisfaction of overcoming mental challenges. Solve this puzzle and check your IQ.

Do You Keep Gold At Home? Know The Holding Limits In India To Avoid Tax Scrutiny

Gold is a favourite for Indians. Even as the precious metal touches sky-high prices, it retains its popularity as an investment avenue or for gifting purposes. However, with the upcoming income tax return filing deadlines, how much gold can you safely keep without worrying about the authorities? India doesn’t have a strict limit on overall gold ownership or even on how much gold jewellery you can keep at home. However, there are certain limits...

Rekha Jhunjhunwala's net worth slumps over ₹2360 crore in this Tata group stock in one month. LIC bleeds ₹784 crore

This Rekha Jhunjhunwala's portfolio stock has slipped to the tune of ₹497 per share in one month

Mumbai, Delhi among 50 cities on global 'millionaires list', Bengaluru is a 'city to watch'

Mumbai and Delhi have secured positions among the top 50 wealthiest cities in a global survey of wealth distribution, while Bengaluru found a spot in the top 10 most promising 'cities to watch' list for future growth, according to the 2024 World’s Wealthiest Cities Report released by Henley & Partners and New World Wealth. The financial landscapes of Mumbai and Delhi have showcased substantial growth in millionaire residents over the past...

Smriti Irani's total mutual fund investment at ₹88 lakh; SBI Magnum, DSP MF among the 7 schemes

The BJP leader invested in around seven MFs at the end of March 2024, with two midcap funds in her portfolio, according to the affidavit.

Oversharing To No Self Control, 5 Habits That Make You Lose Money According To Chanakya

Chanakya, recognized as Kautilya, is a known figure in the domains of political strategy, governance, and management. His notable mentorship played a pivotal role in Chandragupta Maurya’s successful overthrow of the Nanda Dynasty. In the aftermath, Chandragupta established the Maurya Dynasty, which rose to prominence in ancient India and saw emperors like Ashoka at its helm. His ideas and principles, often referred to as Chanakya Niti, provide...

Angola strikes unusual deal with China to ease debt crunch

Angola is using an unconventional arrangement with China to alleviate its debt burden, according to the country's finance minister. Vera Daves de Sousa revealed to the Financial Times that Angola has reached an agreement with the China Development Bank, its largest creditor to access funds held as collateral for a significant loan.Amid the economic challenges worsened by the pandemic, Chinese creditors had earlier granted Angola a three-year...

Layoff wave hits Asian investment banking divisions of JPMorgan, Morgan Stanley, HSBC

Between April and May of this year, major players in the global financial arena — JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc — have initiated significant layoffs in their Asian investment banking divisions. These actions are in response to dwindling deal volumes and economic uncertainties, prompting a need for strategic restructuring.JPMorgan Chase & Co recently launched another round of cutbacks, eliminating a minimum of seven...

How crypto is creating a new wealth effect

How much that extra cash gives them confidence to spend more - a phenomenon economists call the wealth effect - is a hot topic whenever crypto prices are surging. A group of researchers tried to quantify it and determined that crypto bonanzas in the US aren't exactly spent like windfalls from winning the lottery. And so far, the effect has been relatively modest on the $28 trillion American economy. But if the asset class continues to boom, the...

Home loan repayment strategy that can do wonders

How can you cut down on your home loan repayment time? How well can your finances be managed so that you can afford that vacation your family is looking forward to?

I invested most of my salary for 7 years and had enough to retire at 29. My best tips: start young, take risks and don't settle in expensive cities.

A former VP at JP Morgan shares how he was able to achieve financial freedom by 29 because of these five things.

How to avoid high interest rates on personal loans? Here are 8 ways

There are numerous ways to address personal loans and decrease the overall interest you pay on them.

10 Degree Subjects Most Likely to Make You a Billionaire

Becoming a billionaire isn't certain, but certain college degrees can set you up for careers where you could make loads of money. Here are 10 degrees that are often connected to billionaires:

Which Are The Most Promising Sectors For ChrysCapital? | Sanjay Kukreja | Startup Central

On this edition of StartUp Central, Avanne Dubash talks to Sanjay Kukreja, Partner & CIO of ChrysCapital. It is a 25-year-old, India's leading private equity platform with the longest track record of investing in India. ChrysCapital recently closed a $700 million continuation fund led by investors such as HarbourVest Partners, LGT Capital Partners, and Pantheon Ventures. ChrysCapital has a vast portfolio across various sectors. Listen to this conversation to know more. #chryscapital #startupcentral #businessnews #chryscapitalfunds #etnow

PE trio Blackstone, Temasek Holdings, Bain Capital aim for a slice of Haldiram Snacks: Report

Private equity (PE) firms Blackstone Inc, Temasek Holdings Ltd and Bain Capital Lp are weighing a controlling stake in Haldiram Foods International Private Limited, Live Mint reported. These PE firms are looking to buy at least 51 percent stake in the sweets-and-savouries maker at a valuation of $8-10 billion, the report added. Moneycontrol couldn't independently verify the report. The transaction which could be one of India's largest PE deals...

An American couple built a $1 million portfolio and retired in their 40s. Here's how they did it.

Jim White shared how he reached FIRE — Financial Independence, Retire Early — and retired at 43.

Berkshire’s Annual Meeting 2024: Warren Buffett Pays Tribute To Charlie Munger, Apple, AI, India

NPS vs PPF: Which One Is Better For Securing Your Future?

Retirement is closer than you think. Saving for the future is the best financial strategy for a stable old-age life. Though there are various financial instruments available in the market, two government-backed schemes are the most prominent — Public Provident Fund (PPF) and National Pension System (NPS). Here’s a detailed comparison of both schemes for you.Safety vs. GrowthPPF: Guaranteed returns by the government, like savings account...

EU Agrees On Using Profits From Russian Assets For Ukraine

EU member states reached agreement “in principle” Wednesday on a plan to use the profits from frozen Russian central bank assets to arm Ukraine, officials said.“The money will serve to support Ukraine’s recovery and military defence in the context of the Russian aggression,” Belgium, which holds the EU’s rotating presidency, posted on X following a meeting of EU ambassadors.“There could be no stronger symbol and no greater use for that money...

Hero MotoCorp Q4 Results 2024: Two Wheeler Maker Announces Massive 2,000 pc Dividend - Check Amount And Other Details

The revenue from operations for the quarter soared to Rs 9,519 crore, reflecting a substantial 15% increase compared to Rs 8,307 crore in the corresponding period. The EBIDTA margin experienced a noteworthy improvement of 120 bps year-on-year, standing at 14.3 per cent.

Deepfake Scams: Scammers Use News Anchor's Face To Shill Fake Investments | Homeland

An original news bulletin of a newscaster is misused to twist the voice and promote unverified, false investments. This is to fool vulnerable users online who may think news anchors endorse these schemes. Be cautious. Be safe. Always double check where you put your hard earned money.

Cryptocurrency Price Today: Bitcoin Dips Below $63,000, Ethena Becomes Top Gainer

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $63,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds as the overall Market Fear & Greed Index stood at 55 (Neutral) out of 100, as per CoinMarketCap data. The Ethena (ENA) token emerged as the biggest gainer of the lot, with a 24-hour jump...

My11Circle And Rummy Circle Founder Bhavin Pandya On Scoring A Winning Hand In Business And Life

New Delhi, May 2 -- Fantasy gaming has had a rather slow start in a country that is obsessed with sports. But the launch of league cricket especially IPL has given the sector a much-needed boost. The market size of the industry was estimated at USD 25.44 billion in 2022 and is expected to reach USD 72.06 billion by 2030.

8 habits seen in rich and successful people

Successful and rich people often have some essential habits that help them effectively achieve their goals and desires. Here, we have got 8 such habits that can help you become wealthy and achieve success.

Maximizing Returns: Effective real estate investment strategies

A variety of tactics are used by successful investors to negotiate the ever-changing real estate market. When you start investing in real estate, keep these important strategies in mind.

9 simple tips to maintain a money plant at home

In many cultures, a healthy money plant is seen as a sign of growth and financial stability in the home. But sometimes, due to lack of knowledge, the plant can have stunted growth or might rot due to a few mistakes. Here we list 9 simple tips to maintain a money plant at home.

Good money habits to follow for financial success in life

Learn the money habits for a fulfilling future.

Google Wallet app, now in India, isn’t bothered about credit cards or payments

The payments duties remain with the Google Pay app, while Wallet wants to put your tickets, boarding passes, loyalty accounts and digital documents within one interface

India got $111bn in remittances in 2022, first to go past $100bn mark

India is the origin of the largest number of international migrants - nearly 18 million, with large diaspora in UAE, US and Saudi Arabia. And it continues its march as the top country receiving remittances from its diaspora: the figure crossed $110 billion in 2022. According to the World Migration Report, 2024, released in Dhaka on Wednesday by the UN's International Organisation for Migration, India, Mexico and China were the top three...

Splitting up the budget: Money tips for the single soul

Singlehood is as hard on the pocket as it is on the heart. A guide to flying solo in comfort all through

Going abroad to study? Know these insurance, banking and tax essentials

Every Indian student should know the basics of insurance, banking & taxes in their study-abroad destination.

I made $10,495 in one month of freelancing and worked less than 16 hours a week. Here's what I did that made all the difference.

Zulie Rane only worked 16 hours per week and still made over $10k in a month. Here's the 5 reasons for her success.

What Is A PPF Account? Features, Eligibility, And All You Need To Know

Any Indian resident is eligible to open a PPF account. Only one account can be opened nationwide, whether through the post office or any bank. Below is a step-by-step guide for opening a PPF account online.

Data & AI governance platform Atlan raises $105 million from GIC, Meritech Capital

Data and artificial intelligence (AI) governance platform Atlan has raised $105 million in a Series C funding round from Singapore’s sovereign wealth fund GIC and co-investor Meritech Capital. Existing investors Salesforce Ventures and Peak XV Partners also participated in the round, taking Atlan’s total valuation to $750 million, the startup said in a release on May 8. "Atlan is setting a new standard for modern data governance, especially for...

Mumbai, Delhi among 50 wealthiest cities, Asia Pacific gains

The report which tracks millionnaires and the richer, reported a rise of the Asia Pacific, with 5 out of the top 10 wealthiest cities being in this region.

How women's participation in business influences the economy | Explained

Women's increasing participation in business is pivotal for economic growth, job creation, and fostering innovation, despite persistent challenges like gender bias and limited access to funding.

8 ways to make money fast in 2024

Earn money fast in 2024: How to earn money quickly in 2024? How to earn money online and super fast? Easy ways to earn money online and offline.