Business

PSU Bank Stock Split: Record date on May 15; BUY?

PSU Bank Stock Split: Canara Bank has announced the subdivision of its shares in the ratio 5:1. Brokerage firm Motilal Oswal has shared its outlook on the public sector lender's stock.

India gets over $111 bn in remittances in 2022

India leads 2022 remittances with over USD 111 billion, facing challenges like rights violations in Gulf States and COVID-19 impact on migration patterns, highlighting migrant workers' struggles worldwide.

4 Hermès Birkin collectors cracked the code to getting their hands on the coveted bag

Birkin and Kelly handbags are more than just purses to Hermès collectors. They're also investment pieces and practical accessories they use regularly.

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.

I've been to more than 50 countries on a budget. Here are my top 3 money-saving tips.

Follow these tips to save the most money while traveling the globe. Digital nomad Meagan Drillinger swears by 3 money-saving tips after visiting over 50 countries.

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

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.

How To Make Money From YouTube? Guide For Monetising Your Channel

Over the years, YouTube has become one of the most popular platforms for content crеators. It gives them a platform to showcase their talеnt and reach a much wider audience. It doesn't matter if you are a budding artist, a professional, a gamеr, a cook, an еntrеprеnеur, or literally anyone, starting a YouTubе channеl can help you rеach the global audience and makе a namе of yoursеlf in your domain. In this article, we will give you a guide for...

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.

How Retail Investors Can Trade in Gold, Silver?

Written by M PandiarajanFor generations, Indians have revered gold as a reliable store of value, and this precious metal has consistently upheld this trustworthiness. Despite equities emerging as a prominent asset class, gold investments have often taken a back seat. Various investment avenues such as mutual funds, portfolio management schemes, or direct investment in multiple companies have made equities the preferred choice for many investors,...

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...

One of us spends spontaneously and one of us prefers to save. Here's how we've made it work for the past 10 years.

When it comes to spending or saving money, my partner and I don't always agree. But we've been together 10 years and make our budget work.

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.

Met Gala hauls in record sum of more than $26 million to fund Costume Institute

The 2024 Met Gala raised more than $26 million, a record sum for the party that has become an annual gathering for mega-celebrities in fashion, film, TV, sports, music, business and more, the museum said.Monday evening’s gala, a fundraiser for the museum’s Costume Institute, was sponsored by TikTok and the fashion label Loewe. It was overseen as usual by influential Vogue editor Anna Wintour, who was joined as host by Jennifer Lopez, Bad Bunny,...

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.

Stock market crash: Investors lose ₹5.5 lakh crore as Sensex, Nifty fall today

Stock market crash: PowerGrid, JSW Steel, Tata Steel, NTPC, IndusInd Bank, HCL Tech, Tata Motors, M&M, ICICI Bank, Titan and Axis Bank led the losses on Sensex.

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.

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.

Oil extends losses after easing supply concerns counters Middle East risk premium; Brent at $82/bbl

Last week, Brent and WTI had their steepest weekly losses in three months as weak US jobs data fueled hopes for interest rate cuts by the US Federal Reserve

Stock market may be falling because of these 4 big reasons. Lok Sabha Elections to blame?

Stock market today: BSE Midcap index declined over 2 per cent while BSE Smallcap index fell 2 per cent as the India VIX jumped nearly 6 per cent to 17.6 level.

Delhi Lok Sabha Election: BJP's Manoj Tiwari Richest Lok Sabha Contender, Party's Bidhuri Is Second

Bhojpuri singer-turned-politician Manoj Tiwari (53) is the richest among the prominent candidates from the BJP, AAP and the Congress in fray for the Lok Sabha elections in Delhi with total assets worth Rs 28.05 crore.Second in line is Ramvir Singh Bidhuri (71), the BJP’s candidate in South Delhi, with total assets of Rs 21.08 crore. According to his 2022-23 Income Tax returns, Bidhuri had an income of Rs 14.93 lakh.The third richest among poll...

New York City reigns supreme as the world’s wealthiest city; Mumbai, Delhi also in the list of top 50

In the recently published 2024 World’s Wealthiest Cities Report by international wealth migration specialists Henley & Partners in collaboration with global data intelligence firm New World Wealth, New York City retains its leading position as the world's wealthiest city. The report highlights New York City's dominance, with a staggering total wealth exceeding USD 3 trillion and a notable population of 349,500 millionaires, 744...

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...

PhonePe leads April's UPI transactions with 6.5 billion transactions

In April, the digital payments platform PhonePe processed 6.5 billion transactions through the Unified Payments Interface (UPI) out of a total of 13.3 billion transactions. This made it the platform with the highest transaction volume for the month, according to data released by the National Payments Corporation of India (NPCI).Comparatively, competitors like Google Pay secured a significant market share with 5 billion transactions during the...

Rs 240 DIVIDEND Per Share: Highest-ever payout! IT stock turns ex-date

Oracle Financial Services Software Dividend Stock 2024: Oracle Financial Services Software Limited has announced whopping 4800 per cent dividend payment on each stock for the financial year 2023-24.

Fall from nearly $20 billion! Paytm market cap near $2.5 billion as its shares continue to slide

The market capitalisation of One 97 Communications, the parent company of Paytm, approached $2.5 billion as its shares continued to decline. The recent resignation of key executives and regulatory actions have impacted the company's valuation and business operations.

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.

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.

9 Secrets of the Rich

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Entrepreneurship and financial literacy for women

India is experiencing a significant rise in women-led businesses, challenging old stereotypes and breaking new ground.

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:

I retired from Amazon at 34 and chose to settle in Canada, where I only need $1,000 a month to live well

Grigory Lukin saved most of his Amazon salary and relocation bonuses so he could retire early. He chose Canada, where it's cheaper to live well.

Gold prices today: Yellow metal at Rs 71,350/10 grams, silver at Rs 82,883/Kg

Gold and silver prices on MCX are stable, supported by weakening US dollar. Gold June futures at Rs 71,350/10g, MCX July silver contracts at Rs 82,883/kg. Central banks continue to purchase gold, while India's gold demand rises.

10 common money habits of self-made millionaires

​Successful millionaires capitalize on opportunities that promise financial success and security. They have certain positive habits that demonstrate financial prudence. Here we list down ten common money habits of self-made millionaires.​

Caribbean Citizenship by Investment Programs: Ways to invest and key features of CBI schemes

Caribbean Citizenship by Investment programs are some of the top programs available to HNIs.

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.

Fitch sees rupee rebounding to 82 per dollar on bond inflows

The rupee is expected to appreciate to 82 per dollar by the year-end, from about 83.50 currently, Jeremy Zook, a director at Fitch in Hong Kong, said in an interview last week. The Reserve Bank of India may continue to prevent any sharp swings in the currency by absorbing inflows, he said.

Good money habits to follow for financial success in life

Learn the money habits for a fulfilling future.

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.

Rakesh Jhunjhunwala's wife loses Rs 800 crore as key stock tanks

A key stock in the portfolio of Rekha Jhunjhunwala tanked over 7%, resulting in a loss of over Rs 800 crore.

4 Reasons Couples Should Have Finance-Related Discussions Before Tying The Knot

Marriage is one of the most life-changing moments in the life of two individuals. They leave no stone unturned to ensure that their wedding preparations are done right. In the busy schedule of preparations, many couples often forget what it takes to achieve a happy married life. There are many factors responsible for this including the financial aspects. Couples need to discuss the decisions related to financial aspects otherwise it can lead to...

What Is 50:30:20 Financial Rule for Working Women? Explained

The 50:30:20 rule serves as a guiding light. By balancing immediate needs, personal desires, and long-term goals, this rule fosters a holistic approach to financial well-being.

Gold Rate Rises In India: Check 22 Carat Price In Your City On May 08

Gold Rate Today In India: On May 8, the cost of 10 grams of gold held firm, hovering around Rs 72,000. Pure 24-carat gold was valued at Rs 72,390 per 10 grams, with 22-carat gold maintaining its price at about Rs 66,360. In contrast, the silver market witnessed an increase, going to Rs 85,100 per kilogram.Gold rate today in India: Retail gold price on May 08Check gold rates today in different cities on May 08, 2024; (In Rs/10 grams)City22 Carat...

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.

Aranmanai 4 Box Office Collection Day 4: Tamannaah Bhatia And Sundar C's Film Sees First Dip Since Its Release

Directed by Sundar C, Aranmanai 4 is a horror comedy starring Tamannaah Bhatia, Raashii Khanna along with the director in lead roles. The film which released on May 3, opened to positive response at the box office. The film is a crowd-puller, thanks to the humor quotient in it. Here's how the film is performing at the box office.

Want to retire rich? Avoid these four financial mistakes when you are young

Starting early on retirement savings is crucial for long-term financial security, taking advantage of compound interest to grow your savings over time

Akshaya Tritiya 2024 Date, Puja Muhurat And Significance: Why Should We Buy Gold, Silver & Other Expensive Metals On This Auspicious Day? Check

Akshaya Tritiya, regarded as one of the revered festivals in India, is on May 10. Here's puja muhurat, significance, and other details.

Gainers and Losers: 10 stocks that moved the most on May 7

On May 7, the Sensex was down 383.69 points or 0.52 percent at 73,511.85, and the Nifty was down 140.20 points or 0.62 percent at 22,302.50. About 1042 shares advanced, 2633 shares declined, and 110 shares unchanged. Route Mobile | CMP Rs 1,454 | Shares of Route Mobile, a cloud communications platform service provider fell 5 percent after the company reported disappointing Q4 results. Net profit declined 9 percent on year to Rs 95.2 crore due to several one-off pressures. M&M Financial Services | CMP Rs 257.20 | M&M Financial Services declined 1 percent after the non-bank lender disappointed Street with its weak Q4FY24 performance. This prompted brokerages to trim guidance for FY25 and reduce target prices on the counter. HUL | CMP Rs 2,373.55 | Shares of HUL and other FMCG stocks surged in the session after commentary from companies after Q4 results have been positive. Despite largely unchanged demand trends from the previous quarter, volumes have seen a minor uptick, with rural recovery on the horizon. Cartrade Tech | CMP Rs 849.95 | Cartrade Tech stock surged 4 percent after the company’s net profit increased by 50 percent to Rs 22.5 crore in the March quarter. The company's revenue surged 51 percent YoY to Rs 145.27 crore, largely helped by OLX’s classifieds business. CG Power and Industrial Solutions | CMP Rs 572 | Shares of CG Power and Industrial Solutions zoomed 4 percent after the company’s surprise margin growth in the quarter. The company reported a Rs 2,190 crore in consolidated revenue for the quarter ended March, higher by 15 percent on an annual basis, largely in-line with estimates. The gross margins surged 110 basis points year-on-year to 31.3 percent, led by a better product mix, pricing power and exports mix. Lupin | CMP Rs 1,609 | Lupin stock plunged 4 percent after the company reported lower-than-expected rise in its Q4 FY24 net profit, dragged by a spike in raw material costs. The drugmaker recorded a net profit of Rs 359.4 crore for the March quarter, well below CNBC-TV18's estimate of Rs 498.9 crore. However, the bottomline was up 52 percent year-on-year from Rs 235.96 crore clocked in the same period last year. Titagarh Rail Systems | CMP Rs 1,086 | Shares of Titagarh Rail Systems jumped 5 percent after Morgan Stanley initiated coverage on Titagarh Rail Systems with an overweight rating, stating that the firm will be a beneficiary of the revival in the Indian railways. Morgan Stanley issued a target price of Rs 1,285 per share, which indicates an upside of around 24 percent. The valuation is 35x FY26 PE, which Morgan Stanley said is fair given strong earnings visibility and improving return ratios. Marico | CMP Rs 582.10 | Marico stock rallied 10 percent after brokerages increased ratings for the stock after brokerages increased rating on the stock due to turn around in demand and management’s measures to increase volumes and market share. Nuvama has upgraded the stock to 'buy' while City raised its target price on the stock. Motilal has a 'buy' rating on the stock with a target price of Rs 625 per share. Godrej Consumer Products | CMP Rs 1,320 | Shares of Godrej Consumer Products rose 5 percent after the company’s fourth quarter earnings exceeded expectations, as increasing domestic volumes and better-than-expected international growth kept brokerages bullish. The consumer staples player reported a total revenue of Rs 3,385.61 crore, rising 6 percent from Rs 3,200.16 crore a year ago. SRF | CMP Rs 2,400 | SRF stock nosdived 7 percent as the company reported a 24 percent year-on-year (YoY) decline in consolidated net profit at Rs 422 crore for the fourth quarter of FY24. Its revenue from operations dipped 5 percent to Rs 3570 crore. During the quarter, the Specialty Chemicals Business continued to face headwinds due to inventory rationalization by certain key customers, while performing better than Q3FY24, the company said.

Salary vanishes before month-end? 7 tips to save better

With the right strategies, you can make the most of your income and build a healthier financial future. Here are seven tips to help you save better and ensure your salary lasts longer.

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...