Money

EUR/USD sees excellent gains to approach 1.1700 mark

Mumbai, Dec. 11 -- Euro is holding near 1.1700 mark against the US dollar after the Federal Reserve on Wednesday announced its widely expected decision to cut interest rates by another quarter poin...

Made of money! Billionaire club hits record high — here's how much their children will inherit over next 15 years

Global billionaires have reached an all-time high in 2025, with their wealth soaring to $15.8 trillion, largely driven by tech gains in AI. Despite this boom, concerns about tariffs and geopolitical tensions persist. A significant wealth transfer is also underway, with trillions set to pass to heirs in the coming years.

Best buy fixed-rate savings accounts set to be cut, warns Sylvia Morris - here's the best deals

A battle has broken out at the top of the fixed-rate best buy tables as banks and building societies vie for your cash.

Rupee slumps 54 paise to all-time low of 90.48 against US dollar in intra-day trade

The Indian rupee hit an all-time low of 90.48 against the US dollar following reports that a trade deal between India and the US is likely by March 2026. Forex traders cited the Chief Economic Advisor's statement and prevailing risk-averse market sentiment, coupled with strong dollar demand, as key factors for the decline.

From spending to managing: Why women must take charge of money and financial decisions

Women may be dealing with money in terms of bargaining for the best deal for what they buy. They may be allocating money for various competing expenses, and may be comfortable hoarding money in physical assets like gold. Have we somewhat normalised this association, where women’s efficiency is measured merely with respect to her spending decisions?

IndiGo ₹10k compensation, Mexico's 50% tariffs, Trump's gold card and more

IndiGo ₹10k Compensation, Mexico's 50% Tariffs, Trump's Gold Card And More

Meesho shares pare opening gains post stellar debut — check the latest price

The company has already received its first recommendation by a brokerage.

Financial Planning For Couples: Money Habits To Build Before Marriage

Marriage marks the beginning of a shared journey, where financial understanding is just as important as emotional connection. Clarity on day-to-day money habits strengthens a marriage and sets the foundation for trust. Couples today want transparency, balance, and fewer surprises. To support that goal, here are some simple habits that can make routine money decisions easier and help both partners feel more secure. Be honest about your financial...

Oracle stock $ORCL plunged 14%, wiping out $105 billion in market value in a single session — what’s next, and will AI stocks sink?

Oracle stock crash: Oracle stock $ORCL plunged 14%, wiping out $105 billion in market value in a single session. The drop puts Oracle on pace for its worst daily decline since 2001. Selling pressure is intensifying. Investors are bracing for more shocks. The deeper reasons behind the crash unfold next. Why Oracle’s AI spending boom is shaking investors?

How newlyweds can avoid money conflicts with five simple financial planning steps

Money trouble in a new marriage rarely starts with something dramatic. It starts with tiny things. One person feels the other is spending “too much” on weekends. A credit card bill appears that nobody had spoken about. A parent asks for help and the other partner hears about it only when the transfer is done. None of this means the relationship is weak. It usually just means the money side of the marriage has been left to run on guesswork....

How to get a free £200 in time for Christmas by switching bank account

Two banks are offering current account switching deals which would see a cash bonus land before Christmas.

India’s mutual fund penetration to double, marking one of the biggest shifts in the country’s investment habits

New Delhi: India’s mutual fund penetration is expected to double from 10 per cent to 20 per cent over the next decade -- marking one of the biggest shifts in the country’s investment habits, a new report said on Tuesday. This projection comes from the ‘How India Invests 2025’ report released by Bain & Company in partnership with Groww, which says t...

Keeping too much cash at home? You may face this much penalty under new tax rules

India has made its income tax rules around cash transactions much stricter, leaving many people unsure about what is allowed. To clear this confusion, investment banker Sarthak Ahuja explained the new changes in simple terms. He said that the government is now focusing on stopping unaccounted cash found during searches and the fines can be very high if someone cannot explain the money at home. He shared that unexplained cash can attract a tax...

Small-cap stock under ₹50 to be in focus on Friday; here's why

Small-cap stock under ₹50: Hazoor Multi Projects share price will be in focus of the stock market investors on 12 December 2025, after the board approved the allotment of equity shares in conversion of share warrants. Here's how the shares have performed over time.

Banking charges update: RBI weighs uniform disclosure template; lenders begin reviewing regulator’s proposals

The Reserve Bank of India is pushing for uniform service charge disclosures and fee consolidation among banks. Discussions are underway to standardize fee structures, particularly for loan processing, and to identify services consistently available across all branches. This move aims to enhance customer transparency and streamline banking charges nationwide.

Newly-listed Meesho shares up for 2nd day, rise up to 4% as firm invests Rs 2,890 crore in marketplace unit

The shares of Meesho rose up to 4 percent on December 11, a day after they made a strong debut on stock markets. This comes as the company announced an investment of Rs 2,890 crore through a rights issue. The shares of the company rose to Rs 176.75 apiece in the early trading hours of Thursday. Meesho to invest in subsidiary through rights issue:Meesho in an exchange filing released on December 10 announced that the company will invest up to Rs...

Broking will remain 'strong core' but lending, other businesses growing as well, says Angel One CEO

Angel One’s core will continue to be its brokerage business despite regulatory headwinds hitting revenue, CEO Ambarish Kenghe has told Moneycontrol, adding the changes have pushed the company to lay the ground for lending and wealth management verticals. "You will see that broking may continue to remain a strong core but we are sowing the seeds for other businesses. We are starting to see other things rise. When we look at a five-ten-year...

A tiny elite controls the lion's share of global wealth and power, says report

FILE - Dollar bills. 3 April 2019.

₹0.05 to ₹29.80: Multibagger penny stock turns ₹1 lakh into ₹5.96 crore in five years

On Friday, the multibagger penny stock rallied as much as 5% to ₹29.80 on BSE. The penny stock has more than quadruped its investors wealth by surging nearly 59,500% in last five years.

Wealth quote of the day by JP Morgan: Money equals business which equals power, all of which come from character and trust

Financier J.P. Morgan believed character and trust were key to money and power. His wisdom guided generations. Morgan helped the USA during the 1907 financial panic, preventing collapse and leading to the Federal Reserve.

2 Madhya Pradesh friends find diamond worth Rs 50 lakh after digging for 20 days

Two friends from Panna district found a 15.34-carat gem-quality diamond worth over Rs 50 lakh during mining. They have deposited the gem at the Panna Diamond Office and plan to use the proceeds for their sisters' weddings.

UAE Central Bank cuts rates again, making mortgages and car loans cheaper in 2026

The UAE Central Bank has lowered its base rate by 0.25 percentage points, aligning with the US Federal Reserve's move to maintain the Dirham's peg. This policy easing aims to support economic growth, making borrowing cheaper for individuals and potentially boosting the real estate market.

Rs 2 Lakh Lump Sum Investment: What It Can Grow Into In 10, 15 And 20 Years

Even smaller amounts invested two or three times a year can significantly enhance the growth of your portfolio, acting as an extra boost for your wealth.

SIP boom vs debt surge: Is India’s middle class getting richer or over-leveraged?

India's middle class is embracing SIPs, with record contributions flowing into mutual funds. However, this financial sophistication masks a growing reliance on debt, as liabilities outpace asset growth. Many families are using credit to fund lifestyles and investments, creating a fragile financial situation despite the SIP boom.

Delhi news: Rs 3.5 crore in demonetised currency seized in Shalimar Bagh; 4 arrested

In a surprising development nearly nine years after demonetization, police in the Shalimar Bagh area have seized Rs 3.5 crore in banned currency notes. Four individuals have been arrested for operating a fraudulent racket under the guise of exchanging these invalid notes for a commission. Authorities have reiterated that these notes are now nothing more than scrap paper, accepted by neither banks nor the Reserve Bank of India (RBI). Financial...

ICICI Prudential AMC IPO opens tomorrow; check the key details before investing

​The issue, scheduled for bidding between December 12 and 16, is purely an offer for sale. In simple terms, existing shareholders will offload part of their holdings, while the company itself will not raise any fresh capital.

Gold, silver prices trade mixed — check rates in Delhi, Mumbai and other cities

In New Delhi, the price stood at Rs 1,29,320, per 10 gm, and in Mumbai, it stood at Rs 1,29,550 on Thursday.

Forex Reserves Update: India sees $1.88 billion drop as FCA declines, gold holdings increase | DETAILS

India's foreign exchange reserves declined by $1.877 billion in the week that ended November 28 to $686.227 billion, according to the latest weekly data released by the Reserve Bank of India.

JP Morgan on India’s mega-IPO surge: Here's how it is likely to top $23 billion in 2025

According to JP Morgan, the country has already matched last year’s total with $21 billion in IPOs for 2025, and the final tally is expected to exceed $23 billion.

Retirement dreams vs reality: How much you really need to save for Rs 50 lakh/year? CA explains investment plan

Retirement dreams often focus on stress-free income and financial independence, but few consider the real cost. CA Nitin Kaushik said that most Indians do not have an exact idea about how much should you have in your golden years for a smooth survival

Bank of India's record bond issue: Rs 2,500 crore raised at 7.28% p.a!

Kolkata/IBNS, Dec. 11 -- Bank of India, a leading Public Sector Bank, has raised Basel III compliant Tier II bonds of Rs. 2,500 crore @ 7.28% p.a, on Wednesday through NSE Electronic Bidding Provider Platform.

Stock markets drift on eve of Fed rate call

Global stock markets traded mixed on Tuesday on uncertainty over the US Federal Reserve's plans for interest rates next year. While Wall Street drifted higher in late morning trading, Europe's main markets were mixed and Asia ended the day mostly lower. "The week so far has been indecisive at best, but early trading in the US has seen some tentative buying," said Chris Beauchamp, chief market analyst at IG trading platform. With traders fully...

How moving £340 from Christmas spending could boost pension pot by £81,000

Numerology horoscope, December 11, 2025: Number wise money predictions for 1 to 9

Daily Numerology for 11 December 2025 offers personalised financial guidance for each number from 1 to 9. Today’s predictions highlight money flow, investment choices, opportunities and caution for different birth numbers. Number 1 (People born on 1, 10, 19 and 28 of any month)Ganesha says today is an extremely auspicious day from a financial perspective. You will experience new energy and motivation in your financial plans today. Your hard work...

Yes Bank shares edge higher after block deal; key details and technical outlook

In a significant strategic move, Sumitomo Mitsui Banking Corporation (SMBC) completed the acquisition of a 20 per cent stake in YES Bank on September 17, 2025. SMBC subsequently increased its holding by 4.22 per cent, bringing its total stake in the bank to 24.22 per cent, strengthening its position as a key stakeholder.

Dollar slides as Fed dents hawks, markets eye two more rate cuts

The US dollar weakened on Thursday following the Federal Reserve's policy meeting. Investors anticipated a more hawkish stance but received a dovish outlook instead. This led to increased confidence in shorting the dollar, with expectations of two more rate cuts next year. The euro and sterling saw gains against the dollar.

India’s financial inclusion and your money

It is that time of the year when you can review your finances. The year gone by was led by factors around a challenging global environment disrupted by trade disputes and wars. Amidst that, India's growth is like an oasis. While foreigners may not fancy Indian equities for now, they still hold a sizeable chunk of India's market capitalisation. The ...

Wall Street indexes rally after Fed cuts interest rates

Wall Street surged Wednesday as the Federal Reserve delivered a widely anticipated quarter-point rate cut. Investors are now anticipating further easing, despite the central bank signaling a pause. Fed Chair Powell's comments on labor market risks fueled optimism for future rate reductions, boosting stocks and pushing Treasury yields lower.

A simple 5-step financial plan that actually works

Financial success requires five simple steps: term insurance for earners, family health coverage, NPS for retirement, children's savings schemes, and a six-month emergency fund. These basics cover 99% of financial planning.

Top 3 investments that will save you $100+ every month

Saving money doesn’t have to be complicated, and this video breaks down the top three investments that can immediately cut over $100 from your monthly expenses. Each option is explained in simple terms so you can see exactly how it pays off over time. The focus is on practical upgrades that reduce bills without sacrificing comfort or convenience. You’ll learn how small changes can lead to big financial wins. It’s a straightforward guide to smarter spending and long-term savings.

What wealthy people do differently with their money — and how you can do it too

Good money managers: Smart money moves for modern women - top 6 points

Women possess strong financial management skills but are often sidelined in critical decisions, limiting their freedom. This article provides a roadmap for women to actively participate in financial discussions, master money management basics, and leverage joint property ownership and women-specific financial products to achieve true financial independence and control their destiny.

History awaits as Elon Musk set to become world’s first trillionaire as SpaceX IPO nears mega valuation

Elon Musk is close to a historic moment as a possible SpaceX IPO could push his wealth to new record levels. A huge valuation for SpaceX may make him the world’s first trillionaire. Reports say his stake in the company could rise sharply, creating major investor attention and boosting hopes for one of the biggest IPOs ever.

Sandesara brothers deposit Rs 5,100 crore; total recovery nearly doubles Rs 5,383-crore fraud

Fugitive businessmen Nitin and Chetan Sandesara have deposited Rs 5,100 crore with the Supreme Court registry, fulfilling the apex court’s condition for withdrawal of criminal charges against them.

Attar vs oud: What’s the real difference?

Attar and oud aren’t the same thing at all. They’re connected, sure, but they differ in how they’re made, how they smell, and how they’re used. Let’s break it down in a simple, friendly way - so the next time you buy perfume, you’ll know exactly what magic you’re paying for.

Lottery Powerball winning numbers: Power play multiplier and jackpot details for December 10 revealed

The Powerball jackpot has continued its steady climb since September 6, when two winning tickets, sold in Missouri and Texas, shared an extraordinary $1.787 billion prize. The chances of claiming the top prize are exceedingly rare, just 1 in 292.2 million, an improbability that has fueled the ongoing streak of rollover draws.

Pakistan's central bank receives USD 1.2 billion from IMF for climate resilience

Karachi, Dec 11 (PTI) Pakistan’s central bank on Thursday announced that it has received USD 1.2 billion from the International Monetary Fund as part of the ongoing loans programmes aimed at building climate resilience in Pakistan. The amount was released after the International Monetary Fund’s (IMF) Executive Board had completed the second review of the Extended Fund Facility (EFF) and the first of the Resilience and Sustainability Facility...

SGB premature exit today: Investors set to gain 4x in 5 years as RBI announces SGB 2019–20 Series I redemption price

RBI has announced the premature redemption price for the Sovereign Gold Bond (SGB) 2019–20 Series I, and the numbers are eye-popping. This tranche—issued in June 2019—has now completed its five-year lock-in, and those opting for early exit on December 11, 2025 will walk away with returns most investments can only dream of. The RBI has fixed the redemption price at Rs 12,801 per unit, based on the simple average of 999-purity gold prices...

JP Morgan’s first new branch in a decade: Inside the RBI approval and India growth push

JPMorgan Chase & Co. is preparing to open a new branch in India for the first time in nearly ten years, marking a significant strategic shift by one of the world’s most influential financial institutions. The development, backed by an in-principle approval from the Reserve Bank of India (RBI), reflects the bank’s growing confidence in the country’s economic momentum and its expanding corporate landscape. Citing people familiar with the matter,...

For years millions got no help with pensions – here’s how things are changing

FCA's announcement that targeted support for the average person will be available from next April is welcome news for those unsure what to do about their retirement