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Meet C Vijayakumar, The Highest Paid IT CEO In India

HCLTech CEO, C Vijayakumar has earned the title of highest paid IT CEO in the country, after his earnings for 2024 were reported to have an impressive hike. As per an annual report unveiled by the company, his remuneration increased by 190.75 percent YoY. Here are more details on the report. The company released their annual report on July 22, according to which C Vijayakumar’s remuneration was revealed to be Rs 84.16 crore for the year. More...


Budget 2024 plugs rental income loophole, property owners cannot declare house rental income as business income

The new rule in Budget 2024 may increase the tax liability of property owners. Sale of property of ₹50 lakh involving multiple sellers, buyers to attract TDS


Laid off? Don't panic! 4 hidden ways to manage your finances

Experiencing a layoff shouldn’t be daunting if you’re financially prepared. Avoid letting your guard down and allowing circumstances to overwhelm you. Instead, use this period as an opportunity to prioritize your finances and maintain resilience against frustration.


Rs 3.5 Lakh Net Worth Makes You Richer Than 50% Of The World: Study

To be in the top 10 per cent of the world’s population, you may not need as much money as you think. According to the Credit Suisse Research Institute’s 2018 Global Wealth Report, you don’t even need six figures.A net worth of $93,170 (Rs 77,98,110) is enough to be richer than 90 per cent of people in the world, reports Credit Suisse. The institute defines net worth, or “wealth,” as “the value of financial assets plus real assets (mainly real...


FM Nirmala Sitharaman taxes Provident Funds: Reddit user asks ‘What is left?’, gets hilarious replies on Budget 2024

Budget 2024: As Finance Minister Nirmala Sitharaman imposes taxes on Provident Funds, Reddit users joke about potential absurd taxes, from 'tax on bridge collapses' to 'tax on checking Reddit Notifications'.


STT on F&O: Breaking down cost impact per contract on Index futures and options

The Budget proposal to hike securities transaction tax on derivatives trades has got market participants worked up. The consternation is understandable, as STT has to be paid irrespective of whether the trade results in a profit or loss. A higher STT means the breakeven threshold for a derivatives trade has increased. STT on the sale of an option in securities has been raised from 0.0625 percent to 0.1 percent of the option premium, and on the...


Dr. Reddy’s Laboratories' board to consider stock split on July 27

Dr. Reddy’s Laboratories' board will consider a stock split at the July 27 meeting. Last split was in 2001. Shares rose 17.5% this year, 27% last year. A licensing deal with Takeda for Vonoprazan tablets was signed. Suzlon Energy shares hit an all-time high with 200% YoY PAT jump. Economic Times disclaimer applies.


'Numbers don't lie': How first budget of Modi 3.0 reflects changed political reality

NEW DELHI: When finance minister Nirmala Sitharaman presented the interim budget in February 2024, many were expecting it to be full of freebies with an eye on the 2024 general election. There were expectations that the government may announce tax cuts for the middle class and extra incentives for farmers and rural areas. But the Modi government di...


It is never too early to introduce kids to money concepts

When six-year old Dwita Das used to go and play in the garden about a couple of years ago, she would ask her mom for candies. Her mom would give her five rupees and the shopkeeper would lay down the different options she had- candy and gold coin chocolate, which were the only things that were available for five rupees.Dwita would be happy with that, but when she asked her mom for chocolate that cost ₹10 or ₹20, her mom told her that she could...


Capital Gains Tax On Mutual Fund Earnings: How Much Tax You Will Pay On Rs 5 Lakh?

The Union Budget 2024 introduced significant changes to capital gains tax rates, impacting both short-term and long-term capital gains from equity and equity-oriented mutual funds. The revamp of the capital gains tax regime will impact investment decisions and financial planning, ensuring a more balanced and fair approach to taxation.What Has Changed?Nirmala Sitharaman announced two changes to capital gains tax rates that will affect mutual fund...


How much gold can you keep at home? Do you pay income tax on selling gold? Here are the rules

Gold Purchase, Storage and Tax Rules In India: The government has established rules regarding the purchase and storage of gold in India. According to these regulations, a married woman is allowed to keep up to 500 grams of gold at home.


I make 6 six figures and still do these 5 things every day to save money and stop 'lifestyle creep'

A product manager at Microsoft shares the saving hacks she uses every day to stop "lifestyle creep" and save money, even on a six-figure salary.


Budget 2024: These 4 TDS changes announced by Nirmala Sitharaman will impact you

Budget 2024: Finance minister Nirmala Sitharaman announces changes in TDS framework, impacting salaried individuals.


Don't take inflation lightly, Chidambaram cautions government

Former finance minister P Chidambaram warned the government about the consequences of underestimating inflation, which he said was severely affecting families. He questioned why the RBI hadn't reduced bank rates if inflation was low. Chidambaram also criticized the purported lack of employment generation and accused the government of failing to address economic disparities effectively.


From Warren Buffett to Charlie Munger: Investing mantras from 5 legendary investors

Any exceptional investor with a distinct perspective on investing, or a different approach to generating profits from the market, merits respect. You can either adopt it as an investing mantra for future reference or disregard it, potentially missing out on valuable insights for your learning.


Microsoft Windows outage may cost Fortune 500 companies $5.4 billion

A global Microsoft Windows outage caused disruptions across industries, with estimated losses of $5.4 billion for US Fortune 500 companies. Insurers are not expecting significant financial impacts. The faulty update from CrowdStrike was identified as the cause. Malaysia's digital minister has requested compensation for affected firms.


Union budget allocates ₹814 cr for Metro, ₹690 cr for river rejuvenation project

Sitharaman presented the budget for 2024-25 and made the provision for two ongoing projects in the city


5 things to keep in mind while investing in gold

Consider these five crucial points when contemplating gold investment, presenting essential insights from Piyush Gupta, Director at PPJewellers by Pawan Gupta.


Budget 2024: How will EPFO enrolment benefit first-time employees? FM Sitharaman proposes 3 schemes

Budget 2024: FM Sitharaman unveils three schemes to benefit first-time employees through EPFO enrolment, including subsidies, job creation incentives, and employer support.


Gold, silver, and platinum jewellery to get cheaper after duty cut in Union Budget 2024

Jewellery company shares rise after Finance Minister Nirmala Sitharaman cuts down Basic Customs Duty (BCD) on precious metals like gold, silver, and platinum.


From BMW Car To Rs 70 Crore Mumbai Home, A Look At South Star Suriya’s Net Worth

Suriya is one of the most versatile actors in the Tamil industry. It all started for the actor when Ajith Kumar dropped out of Vasanth’s directorial Nerukku Ner. Suriya replaced the actor to make his debut. Suriya, the son of veteran actor Sivakumar, initially played smaller roles to cement his place in the industry. Things started turning in Suriya’s favour and he started earning good; on the other hand, his fan numbers started increasing. From...


Some boomers aren't waiting to die to pass on their wealth — their millennial kids need it now

Financial planners say more boomers are proactively passing on their wealth as their millennial kids could use it now to buy a home and pay off debt.


Where To Keep Money Plant In Your House For Happiness And Prosperity

In Hinduism, several trees and plants hold significant religious importance. It is said that planting certain trees or plants at the house or in the office often has various religious significance and purposes. Today, we will talk about one such plant that is commonly found in every household in the country. The name of the plant is Money Plant. It is often believed that having a Money Plant at home not only brings happiness and prosperity but...


Hitachi Energy Q1 Results: Profit rises multi-fold to Rs 10.42 crore; receives orders worth Rs 2,436.7 crore during Q1

Hitachi Energy posted revenue from operations at Rs 1327.24 crore, up 27.6 per cent as against Rs 1040.06 crore during the same period of previous fiscal year.


I thought I was smart to keep money in 3 savings accounts, but I'm much happier now — and earning more — with just one

Keeping money in several savings accounts for different goals seemed like a good idea, but it was costly and was often a big hassle.


Stocks to buy after Budget 2024: Experts recommend these nine shares to buy on Wednesday

Stocks to buy after Budget 2024: SS WealthStreet recommends buying nine stocks, which include Ramco Cement, Rajesh Exports, NCC, Tata Consumer, and SBI Card


How to Accumulate Rs 1 Crore in 10 Years With Rs 50,000 Salary? Which Mutual Fund SIP One Should Opt For?

To achieve higher returns, an investors can opt for a mix of large-cap, mid-cap, and small-cap equity funds.


Budget 2024 has good news for NPS tax savings: Employer contributions increased from 10% to 14% of employee’s basic salary

The Budget 2024 introduces significant changes to NPS benefits, allowing for higher employer contributions and tax savings. The new tax regime impacts both private and public sector employees. Learn more about the details and implications of these changes.


Intraday Trading: Painting it RED? '7 out of 10 traders...’ - SEBI study | TOP findings

Intraday Trading:


Fixed Deposits offering up to 9% return – Check the latest interest rates

Opt for cumulative FDs where the interest earned is reinvested. This allows you to benefit from the power of compounding, leading to higher returns over the long term.


New income tax regime: Check how much tax you will pay now

Budget 2024: The changes in tax slabs and the increased standard deduction aim to make the new tax regime more attractive.


What Are REITs? Check All The Details Here For Your Next Investment Plan

A real estate investment trust (REIT) is a corporation that owns, operates, or finances income-generating real estate properties. Like mutual funds, REITs gather capital from investors who receive dividends based on the income generated from these real estate investments. Unlike traditional property ownership, REIT investors do not individually purchase, manage, or finance specific properties. How Does It Work? REIT was launched in 1960 through...


Gold and silver rates today on 24-07-2024: Check latest prices in your city

Gold And Silver Rates Today: The price of 10 gm of 24 carat gold is Rs. 70716.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 85170.0/Kg in Delhi.


Budget 2024: Selling old property to attract more tax. Here's why

Budget 2024: While Nirmala Sitharaman said it will lead to an overall reduction in average taxation, experts warn that this change will result in a higher effective tax burden on LTCG for property owners, particularly those who have held their properties for more than five years.


BSNL FY24 Results: Losses narrow to Rs 5,371 crore

State-owned Bharat Sanchar Nigam Ltd (BSNL) has reported on-year rise in its Earnings Before Interest, Tax, Depreciation and Amortisation or EBITDA to Rs 2,164 crore for FY24, while losses narrowed to Rs 5,371 crore, Parliament was informed on Wednesday.


SEBI reveals 7 out of 10 intraday trade in cash segment made losses in FY23, 76% traders under 30 years in age

SEBI revealed in a recent study that seven out of 10 intraday trades in cash segment made losses in FY23


Gold Price Today: Check 22, 24 Carat Rate In Your City on July 24

Gold Rate Today In India: On July 24, gold prices in India hovered near Rs 73,000 per 10 grams. This rate includes a premium for the highest purity gold, with 24-carat gold priced at Rs 70,850 per 10 grams. For those interested in jewelry, 22-carat gold, which is more durable due to its slight alloy mix, was priced at Rs 64,940 per 10 grams.The government on Tuesday slashed customs duties on a range of products, including gold and silver.The...


Indian-origin CMO's advice for job seekers: 'work any hours, any pay’ slammed by internet

Squarespace’s Chief Marketing Officer, Kinjil Mathur, has urged Gen Z to work "any hours, at any pay" to gain essential experience. Mathur, an Indian-origin executive based in New York, shared her insights on the current job market during a recent interview with Fortune, drawing mixed reactions from both younger and older generations, when it went viral on social media. Mathur, who started her own career during a tough job market in the early...


Will Nifty test 23,800 level after government hikes capital gains tax? See GIFT Nifty, FII data, F&O ban, crude, more before market opens

GIFT Nifty traded down by 72 points or 0.29% at 24,399 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. Here's a look at things to know before markets open on Wednesday July 24, 2024.


Bad Newz box office collection day 5: Vicky Kaushal, Triptii Dimri film witnesses slight growth, earns nearly ₹4 crore

Bad Newz box office collection day 5: The film has been doing decently in India. It is directed by Anand Tiwari.


Budget 2024: 7 things consumers should know

1 Upgrading and flaunting your latest imported mobile phone will now be lighter on your pocket! iPhone 15 Pro (128 GB storage) currently priced at 1,34,900 could now cost 1,29,000 on account of reduction in basic customs duty from 20% to 15%.2 Experience lightning-fast charging for less with customs duty on mobile phone chargers reducing from 20% t...


10 tried and tested ways to save money

Discover tried and tested methods to save money effectively and build a more secure financial future...


I had an expert draw up an 18-page plan to take control of my money, and 3 pieces of advice really made a difference

I met with a professional to put together a plan of action, and she had a handful of recommendations that have changed how I see my money.


Budget 2024: MHA gets Rs 2.19 lakh crore. Focus on training and research, big boost for IB, CISF

The BSF, on the other hand, saw its allocations increase to Rs 25,472 crore compared to revised estimates of Rs 25,038 crore in the last financial year.


Ajit Doval: From undercover spy to National Security Advisor, who exactly is Modi 3.0's main guy?

Meet Ajit Doval, India's National Security Advisor. He is often referred to as the "James Bond of India". The Narendra Modi-led central government has reappointed former IPS officer Ajit Doval as the National Security Adviser (NSA) and former IAS officer Dr PK Mishra as the Principal Secretary to the Prime Minister. Watch the video to know more. INPUTS: @KediaRiddhima (X) @riddhimakedia_ (Instagram).


Gold prices drop by Rs 650 to Rs 71,650 per 10g on weak demand, import duty cut

New Delhi, Jul 24 (PTI) Gold prices dropped by Rs 650 to Rs 71,650 per 10 grams in the local market here on Wednesday, continuing the retreat for the second day in a row due to weak demand from jewellers and import duty cut announced in the budget for 2024-25


Trade setup for Thursday: Top 15 things to know before the opening bell

The market extended its downtrend for four consecutive days, although overall it was a consolidative session on July 24, possibly awaiting more corporate earnings. Considering the significant fall in volatility and taking support at the 21-day EMA (24,250), the Nifty 50 may hit 24,600, the key hurdle for its upward journey towards a record high, in the coming sessions. However, breaking of 24,250 can drag it down to 24,100. Here are 15 data...


India vs China vs Pakistan: New Delhi allocates 12.9 per cent of total Budget for Defence sector - Who tops the chart?

For financial year 2024-25, Ministry of Defence (MoD) has been allocated ₹6.21 lakh crore. The allocation is higher by approximately 18.43% over the allocation for financial year 2022-23.


Virat Kohli becomes India's most valued celebrity with brand value of Rs 1900 crore, surpasses Shah Rukh Khan and Ranveer Singh

Virat Kohli has achieved a remarkable milestone by surpassing Bollywood icons Shah Rukh Khan and Ranveer Singh to become India's top celebrity in terms of brand value. According to Kroll's Celebrity Brand Valuation Report 2023, Virat Kohli's brand value surged by an impressive 29%, reaching $227.9 million (approximately Rs 1,900 crore). This surge not only places him at the top of India's most valuable celebrities but also highlights his immense...


Canadian legal tech firm Clio valued at $3 billion in mega fundraise

The Series-F funding round values the company at $3 billion and comprises fresh investment as well as a secondary sale of shares by some insiders, Clio told Reuters.