Business

Indian money in Swiss banks jumps more than three times in 2024, hits Rs 37,600 crore, data shows

Funds parked by Indians in Swiss banks saw a significant rise. The Swiss National Bank data showed a notable increase in 2024. Deposits reached 3.54 billion Swiss francs, the highest since 2021. Most of the increase came through bank channels. Direct deposits from Indian clients also saw a modest rise.

Trent Shares Rise Over 2% In Today's Trading Session

During today's trading session, Trent shares experienced a gain of 2.05%, reaching Rs 6,018.50. This increase reflects a positive shift in investor sentiment. The stock is a constituent of key indices, including the NIFTY 50 and NIFTY 100. According to Moneycontrol analysis as of June 18, 2025, a very bullish sentiment surrounds Trent. Financial Performance OverviewTrent's financial performance demonstrates consistent growth in revenue and net...

Rupee Drops 17 Paise Vs Dollar Amid Rising Oil Prices And Middle East Tensions

Rupee declined 17 paise to 86.72 against the US dollar in early trade on Monday as global crude oil prices surged following the US's attack on three nuclear facilities in Iran. A strengthening dollar and weak domestic equity markets put further pressure on the local unit, according to forex traders. However, an increase in FII inflows and a rise in the country's forex reserves prevented further losses in the local currency, they said. Brent...

'Over 30 years...': Financial advisor's gold vs lifestyle chart shows yellow metal has outpaced inflation

On June 16, 2025, 24-karat gold crossed ₹1,01,078 per 10 grams on MCX futures — marking a major milestone. Physical markets in major cities echoed the surge, driving a wave of investor interest.

Gold Price Today In India: Check 22kt, 24kt Rates In Your City On June 23

Gold Prices In India Today, June 23: Gold prices on Monday remained consolidated after touching a record high following US’s strikes on Iran’s nuclear sites amid the ongoing tensions with Israel. Prices are now hovering in the consolidated range of Rs 1,00,800-1,01,000.In Mumbai, the price of gold stood at Rs 92,300 per 10 grams for 22-carat and Rs 1,00,690 per 10 grams for 24-carat.Silver was also trading down at Rs 1,09,900 per kg in the...

SIP: How To Save Rs 20 Lakh For Short-Term Goals In Five Years

A well-planned SIP strategy can help you build a Rs 20-lakh corpus in five years for your short-term financial goals.

Israel-Iran war: DMart to Eicher Motors— Jigar Patel of Anand Rathi recommends 3 stocks to buy for the short term

Stocks to buy for the short term: Indian stock market benchmarks fell over a percent on June 23 due to escalating geopolitical tensions and rising crude oil prices. Jigar S. Patel recommends DMart, Eicher Motors, and Biocon as short-term buys, advising caution and technical analysis for traders.

Move Here with $10k Savings: Countries Where Money Goes Further

Move Here with $10k Savings: Countries Where Money Goes Further

EUR/INR futures hit 101 mark, Euro holds near 1.1650 against US dollar

Mumbai, June 16 -- Euro has stayed largely supported against the US dollar after eased in last session amid downbeat economic cues. EUR/USD pair is hovering near a 44-month high and currently quotes at 1.1649, up 0.31% on the day. The US dollar slipped under 98 mark, failing to sustain gains despite tense geopolitical scenario. On the NSE, EUR/INR futures are quoting at 99.75, up 0.66% on the day after testing 101 mark amid a wild upmove in...

Ranked: how rich the average person is around the world

From Spain to South Korea, we reveal the average wealth per adult in 25 major countries around the world.

Oman to impose income tax on top earners, becomes first Gulf state to do so. Details here

Oman announced its plans to become the first Gulf nation to impose an income tax on its citizens. The GCC nation plans to impose a 5% tax on the income of 42,000 rials ($109,000) or above.

LeBron James Net Worth 2025: NBA's First Billionaire, Salary, Investments & More (Updated)

India, June 21 -- LeBron James has become the first active NBA player to achieve billionaire status, with an estimated net worth of $1.2 billion, according to Forbes.His extraordinary financial success is the result of not only his dominance on the basketball court but also his savvy business ventures, brand partnerships, and strategic investments.

Bitcoin falls below $99K amid Middle East tensions; Altcoins drop up to 4%

Bitcoin briefly dipped below $99,000 amid escalating Middle East tensions and risk-off sentiment, impacting the broader crypto market. Altcoins also experienced sharp declines, with investors closely monitoring the U.S. Federal Reserve's response to rising oil prices. Despite the downturn, some analysts see signs of accumulation and potential for a rebound if geopolitical tensions ease.

Early Retirement: 5 Key Investment Instruments To Include In Your Portfolio

Achieving financial freedom through well-planned investments is essential for ensuring a steady income after retirement.

Debt disguised as achievement: Financial expert on India's deepening EMI trap

A rising income shouldn't come at the cost of peace of mind. Financial freedom means having choices, not just things. And that starts with avoiding EMIs that quietly chip away at your future.

PSU Bank stock to buy now for an upside of more than 20%; Recommended by Jefferies

Bengaluru, June 23 -- The shares of India's largest public sector bank with deposits crossing Rs. 54 Lakh Crores are in focus after Jefferies initiates a 'Buy' coverage on it with an upside potential of 21 percent.

What If Money Is A Mirror?

We often think of money as a tool — a way to buy, invest, or plan for the future. But what if money is also a mirror? What if every rupee you spend, save, or hoard reflects your deepest beliefs, fears, and values? In personal finance, the numbers are important — but the story behind the numbers is where real transformation begins. Welcome to the wo...

‘I save 70 per cent of my income’: People on their secret pension savings

A £1.2m pot is now essential for a comfortable retirement, according to statistics – and few are close. We speak to six people with healthy pensions about how they did it

TCS, Infosys, Wipro: IT Stocks In Focus After Accenture Beats Q3 Revenue Estimates

IT Stocks In Focus: Shares of TCS, Infosys and Wipro will be in focus after Accenture’s revenue beat for third-quarter driven by growing demand for the consulting giant’s AI-driven services from enterprise customers.Accenture shares dropped 11% on Friday, reaching a low of $273.19. As a result, the American Depository Receipts (ADRs) of India’s leading IT companies, Infosys and Wipro, also declined. Infosys ADRs fell 3% to $17.89, while Wipro...

Cashfree payments: How right time, right tech built an Indian fintech powerhouse

For Sinha and his co-founder, Reeju Datta, the stars aligned in 2015, when India’s online payments industry was just starting to take off on the back of unprecedented market momentum.

NACH 3.0 to roll out in July: What will change for your salary credit and EMI debit

The National Payments Corporation of India (NPCI) will roll out NACH 3.0 in the first week of July 2025, bringing faster and more secure bank transactions under the National Automated Clearing House (NACH) system. The upgrade is expected to improve how salaries, pensions, EMIs, and SIPs are processed across India.According to an NPCI circular, the enhanced system will streamline recurring payments and introduce several performance and security...

Kuberaa worldwide box office collection day 2: Dhanush film sustains edge over Sitaare Zameen Par at ₹51 crore

Kuberaa worldwide box office collection day 2: Sekhar Kammula's Dhanush-starrer maintains the edge it has over Aamir Khan's Sitaare Zameen Par by thin margin.

CA explains how Rs 80,000 per month income can beat Rs 2 lakh

The CA's insights suggest that intentional financial management is key to wealth building. A clear financial purpose can transform how resources are allocated, leading to sustainable growth.

A DIY guide to boosting your pension if you’re self-employed

Those who are self employed tend to save less than other people as they may receive irregular payments. Here, experts provide tips on how to boost retirement pots

Indian Banks To See Steady Performance In FY26 Amid Margins, Credit Cost Pressures: Fitch

Despite slowest sector loan growth in four years, the sector has reported improved asset quality, stronger capital buffers and stable profitability.

India's forex reserves rise to $698.95 Billion

Mumbai, June 23 -- India's forex reserves rose USD 2.294 billion to USD 698.95 billion for the week ended June 13, the RBI said on Friday.

Emergency Fund To Retirement Corpus: 7 Smart Money Moves To Make In Your 30s

As responsibilities may increase as you enter your 30s, it’s advisable to re-evaluate your investment goals and allocate funds appropriately for various purposes.

Gold steady near $3400, Fed outlook and Iran tensions in focus

Mumbai, June 18 -- Gold futures stayed flat near $3404 per ounce on Wednesday, weighed down by a stronger dollar even as Iran-Israel tensions continued for a sixth day. Israel confirmed fresh strik...

The exact amount you’ll need in savings at age 30 to be able to retire

Smart Planning: How to make your retirement fund last a lifetime

In a world of rising life expectancy and limited pension coverage, a retirement plan is no longer about saving adequate money – it is about ensuring that your retirement fund lasts for your whole life. For most retired Indians, this is the biggest challenge: inflation, unexpected expenses, medical exigencies, and market fluctuations can quickly erode one’s corpus unless it is structured smartly. This is where smart retirement planning comes in,...

How I Manage My Money: 34-year-old, on £1.7k a month, says state pension too low

Nothing Phone 3 to launch on July 1 with new LED design, Snapdragon 8s Gen 4 chipset; May cost around Rs 60,000 in India

With the launch of the Nothing Phone 3, the company appears to be moving away from its signature Glyph Interface that debuted with the Phone 1 and Phone 2.

Gold slips near $3375 amid strong dollar and US-Iran tensions

Mumbai, June 23 -- Gold prices slipped to around $3375 per ounce in Monday's electronic trades as strength in the US dollar continued to weigh on bullion demand. The drop follows a dramatic weekend...

ACME Solar Holdings: Small-cap stock rises as firm secures ₹1,072 crore refinancing for an operational project

ACME Solar Holdings saw a 2% increase in a weak market after securing ₹1,072 crore refinancing for a 250 MW project in Rajasthan. The stock opened at ₹241.15 but later traded 0.38% lower at ₹246.90.

RBI's gold reserves increase by $16.23 billion so far in 2025 amid rising uncertainty

Rising uncertainties globally and domestically have pushed the Reserve Bank of India (RBI) to increase its gold reserves in the first half of 2025. According to the RBI data, gold reserves, which are part of India’s forex reserves, increased to $83.316 billion as on June 13, from $67.092 billion as on January 3. Gold reserves now make up over 12 percent of India’s net foreign assets. Since the new RBI Governor Sanjay Malhotra assumed office on...

HDB Financial Services IPO: From business to key risks- check out 10 key things to know from RHP before investing

HDB Financial Services IPO: HDB Financial Services' ₹12,500 crore IPO opens on June 25, featuring a fresh issue of ₹2,500 crore and an offer for sale of ₹10,000 crore. The price band is set between ₹700 and ₹740 per share, with HDFC Bank as the promoter.

Weekly Money Horoscope Predictions, June 22 to June 28, 2025: Your money luck for the week

This week brings financial insights for all zodiac signs. Aries should avoid impulsive spending. Taurus may face income fluctuations. Gemini could see a bonus but needs to save. Cancer must watch for unexpected expenses. Leo will experience financial stability. Virgo needs to be cautious with investments. Libra may find income through travel. Scorpio should research investments.

5 Things Women Should Keep in Mind Before Investing in the Share Market, As Per Expert: Money Matters

What Women Should Keep In Mind Before Buying Shares: When it comes to building wealth and securing the future, more women are showing interest in investing, especially in the share market. But diving into stocks without preparation can be overwhelming. We spoke to VLA Ambala, SEBI Registered Research Analyst and Co-Founder of Stock Market Today, who shared key insights that every woman, whether a homemaker or a working professional, should keep...

From MSSC To Mutual Funds, 6 Smart Investment Options For Women

In today’s world, financial independence is crucial for women, not just to support their families, but to build secure futures. Whether working professionals, homemakers, or entrepreneurs, women often manage household budgets efficiently, making them natural savers. However, saving alone isn’t enough; investing is key to growing wealth, beating inflation, and meeting life goals like education, home-buying or retirement.Women-specific financial...

PhonePe IPO This Year? Walmart-Backed Firm May File Draft Papers By August For $1.5 Billion Public Issue

PhonePe, one of India’s largest digital payments platforms, is gearing up for its initial public offering (IPO) to raise up to $1.5 billion, according to a report by Bloomberg. It added that the fintech giant, which is a subsidiary of retail giant Walmart Inc, might file its Draft Red Herring Prospectus (DRHP) with markets regulator Sebi by early August.The deal could value PhonePe at around $15 billion, placing it among India’s most valuable...

Vivek Oberoi’s Net Worth: Bollywood actor credits early stock market exposure for building ₹1,200 crore fortune

During a recent interview on a podcast, Vivek Oberoi revealed that his father only played the role of a mentor in his life and never helped him financially

Banking, Telecom Stocks Shine As India’s Market Heavyweights Add Rs 1.62 Lakh Crore

The combined market capitalisation of six of India's top ten most-valued companies rose by Rs 1.62 lakh crore this week, reflecting strong investor sentiment in the equity markets. This rise in market value came as the benchmark Sensex jumped by 1,289.57 points, or 1.58 per cent, during the same period, signalling positive momentum in the market. Bharti Airtel emerged as the top gainer during the week, while a few big names like Bajaj Finance,...

Zerodha's Nikhil, Nithin Kamath buy Rs 250 crore worth InCred stake ahead of IPO

Founded in 2016 by Bhupinder Singh, InCred Group has emerged as a diversified lending platform, catering to retail and MSME borrowers across India.

Current account likely to turn in a $7-b surplus in Q4; Q1 seen falling into deep red

MUMBAI: Falling imports likely to have helped the current account balance (CAB) to turn in a surplus of around $7 billion (0.7% of GDP) in 4QFY25, marginally higher than $4.6 billion (0.5% of GDP) registered in 4QFY24—a first in three quarters. The third quarter of the past fiscal had seen a deficit of $11.5 billion or 1.1% of GDP, according to a r...

IRFC Share Price: Buy, Sell or Hold? Analyst explains

On Friday, June 20, IRFC stock ended 1.29% higher at Rs 134.06 on the NSE. The rally came amid expectations that RBI’s policy revision will make it easier for infrastructure financiers like IRFC to access and disburse funds for large-scale projects.

1,000 millionaires a day: US added 379K people in 2024; holds 40% of world's total

The US saw a surge of over 379,000 new millionaires last year, driven by a strong stock market and stable dollar, making it the global leader in wealth creation. While personal wealth grew globally, the Americas experienced a significant jump. However, wealth disparity persists, with most adults worldwide holding less than $100,000 in net worth.

YES Bank shares rise in a weak market; can this upmove last?

Japan's Sumitomo Mitsui Banking Corp (SMBC) signed a definitive agreement last month to acquire a 20 per cent stake in YES Bank for Rs 13,483 crore.

How playing it too safe with Rs 25K a month could rob you of Rs 1.38 crore — inside the Return Gap Trap

Most people assume that regularly saving Rs 25,000 a month secures their financial future. But CA Nitin Kaushik warns that choosing low-return instruments like RDs for long-term goals could be quietly draining your wealth.

IndusInd Bank share price rises 5%; know why

IndusInd Bank Share Price: IndusInd Bank has been witnessing challenges for the last few quarters, starting with its microloan exposures and then conceding accounting lapses.

Unlock Premium Real Estate: Smart Financing Strategies For High-Value Property Investment

By Arpit Bansal For decades, real estate has been an essential aspect of wealth generation in India. Nevertheless, investor interest has been piqued by a new segment - premium real estate. Factors like altering customer expectations, rising disposable incomes and evolution in lifestyle preferences significantly contribute to this shift. The high-value properties, usually situated in prominent areas and outfitted with opulent amenities, are not...