Business

FM Nirmala Sitharaman Details Budget 2024's Impact On The Middle-Class Income

Union Finance Minister Nirmala Sitharaman presented Budget 2024 in parliament on Tuesday. During this session, she announced the revision of the income tax slab for the new regime, which will give marginal relief to the middle class. In a post-budget interview, FM said that the government revised the tax slabs to provide more benefits to the middle class and working citizens across the country. This adjustment in tax policy is intended to...

Pakistan seeks $300 million panda bonds investment from China to stem economic crisis

With an aim to improve the financial stability of a cash-strapped country which is grappling with several other challenges such as high inflation and declining forex reserves, Pakistan has sought cooperation from Chinese institutional investors to launch Panda Bonds to raise between $250 million and $300 million initially.Also Watch: Why China Has Rejected Pakistan's Proposals to Expand BRI | Vantage with Palki SharmaFederal Minister for Finance...

RBI Tells Banks To Hike LCR As Deposits Get Withdrawn Faster | CNBC TV18

Your Money: New investor-buyers of homes need to be cautious

Most buyers now will pay substantially more in capital gains tax

THIS NBFC Penny Stock Hit Upper Circuit for Third Consecutive Session

Penny Stocks 2024: ​​​This marks a year-on-year (YoY) increase of 11.20 per cent in total income and a 19.75 per cent rise in total revenue.

Gold prices fall Rs 5,000/10gm post custom duty cut: What it means for buyers

This price drop has caught the attention of both investors and buyers as the cut in customs duty has made gold imports less expensive.

Deepika Padukone: With a net worth of Rs 500 crore, here's a look into the 'Kalki 2898 AD' actress

Renowned Bollywood star Deepika Padukone, known for her roles in ‘Jawan,’ ‘Fighter,’ and ‘Kalki 2898 AD,’ boasts a net worth of Rs 500 crore. As one of the top taxpayers in the industry, her wealth is fueled by substantial film earnings, diverse brand endorsements, strategic investments, and a notable real estate portfolio.

Gold Prices Today: Yellow metal trades higher on low yields after US Fed's preferred inflation gauge lifts rate cut bets

Spot gold was up about 1% to $2,386.99 per ounce by 10:17 a.m. ET (1417 GMT), after hitting its lowest since July 9 on Thursda

Math made easy: Ten strategies to overcome anxiety

Here are ten strategies to overcome math anxiety. Check the complete guide.

Britain's King Charles to get $58 Million More Next Year |

Britain's King Charles to get $58 Million More Next Year | Vantage with Palki Sharma Britain's royal family to get millions more in funding next year after the Crown Estate makes windfall gains by leasing sea beds to windmill farms. The sovereign grant given to the British royals by the country's parliament will increase by $58 million in 2025-26. Meanwhile the UK's NHS continues to struggle due to chronic underfunding. --- UK | Britain | King Charles | Wealth | Green Energy | Royal Land | NHS | Firstpost | World News | News Live | Vantage | Palki Sharma | News #britain #monarchy #kingcharles #wealth #firstpost #vantageonfirstpost #palkisharma #worldnews Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens. The show is anchored by Palki Sharma, Managing Editor, Firstpost. By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

10 tried and tested ways to save money

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

6 ways to save tax without making any investment

There are several provisions in the Income Tax Act, 1961, that allow individuals to save tax on expenses incurred by them, even if they have not made any specific investments for tax-saving purposes.

Step-up SIP- A quicker way to reach your first Rs 1 crore #investing #mutualfunds

Why Ponzi schemes and investment frauds continue to be rampant

The simplistic reason why so many people become victims of Ponzi schemes is human greed, but there is more to it.

SC to examine illegal money lending business by people with "Shylockian attitude"

New Delhi, Jul 26 (PTI) The Supreme Court has decided to examine and lay down law to check unlicensed money lending business in India for rescuing hapless borrowers who are driven into a debt trap by moneylenders having "Shylockian attitude"

An economist outsmarted the lottery and won 14 jackpots. He explains the math

In an era where the odds of winning the lottery are akin to being struck by lightning, one man defied the near-impossible. Romanian economist Stefan Mandel, with the backing of a dedicated syndicate and strategic acumen, managed to clinch 14 lottery jackpots across the globe. Mandel's journey began with a fundamental understanding of lottery mechanics. "Theoretically, anybody can buy all the possible combinations. Any high school boy or girl can...

Oxfam Report Reveals Top 1% See $400,000 Wealth Increase, Bottom 50% Get Just $335

The wealthiest 1% have gained $42 trillion over the past decade, 34 times more than the bottom 50%, says Oxfam. As G20 ministers meet in Rio, there's a push to raise taxes on the super-rich. Oxfam calls for an 8% net wealth tax to address extreme inequality and tax avoidance.

Gold futures rise Rs 328 to Rs 67,790 per 10gm

New Delhi, Jul 26 (PTI) Gold prices on Friday rose Rs 328 to Rs 67,790 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand

Why so many Gen Zers and millennials have 'money dysmorphia' — even if they are financially better off than they realize

A financial therapist said Gen Z and millennials have "pervasive" anxiety about their wealth, even if they're financially secure.

Mutual Funds: 5 important factors that you must check before investing

Mutual funds offer a potent avenue for wealth accumulation, but it’s crucial to educate yourself before making investments.

Tata group's market capitalisation surpasses $400 billion, boosted by TCS and Tata Motors

Tata Group became the first Indian conglomerate to race past a combined valuation of $400 billion on Friday. The salt-to-software group has 26 companies listed on the bourses, and they have added a whopping $100 billion over the last year.From June lows, the aggregate market capitalisation of the group has increased by 15.4%, which stood at $401 billion (₹33.6 lakh crore) as of Friday’s close.With a market capitalisation of $190 billion, Tata...

India Is The Largest Economy That Is Likely To Do Well Over Next 5-10: Bank of America | CNBC TV18

Multibagger penny stock: Financial stock Srestha Finvest declares stock split in 1:2 ratio

Penny stock under ₹5: Multibagger stock earlier traded ex-split on 13th October 2016 to ascertain eligible shareholders for 1:5 stock split benefit

US inflation rises moderately in June

The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department's Bureau of Economic Analysis said on Friday. In the 12 months through June, the PCE price index climbed 2.5% after rising 2.6% in May.

Back-to-Back Upper Circuit! Logistics Major Hits Upper Price Band After Foreign Fund Buys Stake

Tiger Logistics India Ltd counter has been hitting the upper price band for the last two days. It hit the upper circuit of 5 per cent on Thursday as well as on Friday.

Bitcoin surges 4% to over $67,000 ahead of Trump's speech at Bitcoin Conference in Nashville

At 12:30 am IST, Bitcoin (BTC) was trading 4.3% higher at $67,060, while Ethereum surged over 3% to $3,265. Meanwhile, the global cryptocurrency market cap rallied by 3.53% to around $2.4 trillion in the last 24 hours.

Mphasis Q1 Results Live : profit rise by 2.14% YOY

Mphasis Q1 Results Live : Revenue increased by 5.24% YoY & profit increased by 2.14% YoY

Banks need to focus on their core business: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman in an interview with ET has emphasized that banks must refocus on their primary roles of mobilizing deposits and providing loans, especially amid concerns about slowing deposit growth. Sitharaman reiterated the need for banks to prioritize their core functions—mobilizing deposits and lending—while still being free to pursue other activities.

Karnataka man's satire video on how to save 100% income tax is viral

A Karnataka man posted a satirical video, explaining how salaried individuals could save 100 per cent of income tax by "growing and selling grass to their employers".

Telcos pay Rs 1,000 crore for first installment of 5G spectrum

The Department of Telecommunications received over Rs 1,000 crore from Bharti Airtel, Vodafone Idea, and Reliance Jio for their 5G spectrum purchases. All three telecom companies opted for annual installments. Airtel made the highest first installment payment, followed by Vodafone Idea, and Reliance Jio. The telcos will receive their allocated frequencies shortly for their new spectrum purchases.

Kapil Sibal Presents 'Hard Facts' To Modi Govt In Rajya Sabha: '83% Of Indian Youth Is Unemployed'

New Delhi, July 26 -- Kapil Sibal takes the government to task over India's growing unemployment crisis and inadequate educational policies. Highlighting alarming statistics, Sibal reveals that 80% of Indian youth are unemployed, with most stuck in the unorganized sector. He warns that despite the critical need for AI to maintain industry competitiveness, the very sectors providing maximum employment may no longer do so. Sibal also criticizes the government for failing to allocate the promised 42% of resources to states, instead providing only 32%.

ITC to invest Rs 20,000 crore in five years to build future business

NEW DELHI: FMCG-to-hotel conglomerate ITC will be investing Rs 20,000 crore over the next five years to enhance structural competitiveness and build an enterprise for the future. About 35–40% of this will be spent on FMCG business, while 30% is planned for paperboard and packaging. The remaining will be spent on agriculture and other businesses. “D...

Thailand plans to give $275 cash handouts to 50 million low-income citizens

Thailand plans to spend $13.7 billion giving cash handouts to 50 million people in a bid to stimulate its economy.

Nifty 50 Next Week: Mount 25000 in sight for BULLS? Check make-or-break level

Nifty 50 Next Week: On Friday, the tide changed with renewed buying interest in Nifty 50 index. The index witnessed a follow-through buying interest from the previous trading session and made a fresh all-time high of 24,861.15.

IREDA Share Strategy: PSU Green Energy stock available at 16% discount over all-time high; BUY?

IREDA Share Strategy: Shares of IREDA has declined significantly from its all-time high of Rs 310, and is now available at a discount of more than 16 per cent from that peak. What should investors do with the PSU Green Energy stock? Is it the right time to buy?

Smart Money | A plan for your lifestyle

Change your mindset to fit your shifting financial needs, rather than trying to fit your lifestyle into rigid rules to realise your financial dreams

Property Holders Alert! I-T Department Issues BIG Clarification on Old Property Sale

The department also provided an example to explain the calculation of capital gains tax for properties bought before 2001.

Why deferred annuity is a strategic investment to secure your future

Annuity plans offered a robust solution for post-retirement financial security. These plans provided a predictable income stream and protected against market volatility. Deferred annuity plans utilized the power of compounding, ensuring nearly double the payouts compared to immediate annuities. Over 75% of working Indians aspired for comfort in retirement, but only 33% actively saved for it.

Paytm shares surge 10% to hit upper circuit. Here's why

Shares of One97 Communications Ltd, the parent company of Paytm, surged by 10% to reach the upper circuit limit.

2024 Kawasaki ZX6R Review - Not Entirely New, But Why Should You Care? | Overdrive | CNBC TV18

Amidst a market largely characterised by stagnation, the question arises: What does this latest iteration of the #Kawasaki #NinjaZX6R bring to the table, and is it worth your hard-earned money? Watch this #review to understand Rohit Paradkar’s perspective. 02:07 - Design and Features02:38 - 4.3-Inch Full Colour TFT Display 02:55 - Kawasaki Rideology App 03:09 - Engine 04:08 - Riding Modes 04:50 - Brakes 05:22 - Suspension 06:14 - Price 06:40 - Verdict#Kawasaki #NinjaZX6R #ninja #racebike #overdrive #cnbctv18

The Black Day for Gold: How Rs 10 lakh crore wealth got destroyed in a single day

The pen is known to be mightier than the sword, and Finance Minister Nirmala Sitharaman proved it in one fell swoop. By announcing a cut in gold customs duty in the Union Budget 2024, gold prices tumbled over five percent, wiping off over Rs 10.7 lakh crore in value in a single day. When compared to the equity markets, this move caused the sixth largest wealth erosion recorded so far. More importantly, the wealth destruction is likely to have...

Fixed deposits: Can you double your money in 10 years by investing in FDs? Check rates of these 6 banks to find out

The rule of thumb is that longer the tenure, higher the rate of interest. So, when you want to maximise your earnings, you are advised to stay invested for a long period of time.

Milk producers await payments worth ₹602cr; govt says facing fund crunch

While the five guarantee programmes seek to reduce poverty, they have strained the state’s financial resources, according to Congress MLAs

Stock market today: Dow soars 654 points as traders celebrate inflation data

Stocks snapped a three-day streak of losses after June's inflation data came in line with expectations.

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...

Sensex surges 1,293 points as FPIs snap selling spree

Across-the-board buying lifted the sensex by 1,293 points (1.6%) on Friday which closed at 81,333 points, less than half a percentage point off its all-time high mark. Rally in global markets, along with strong quarterly numbers for most of the domestic companies boosted investor sentiment, brokers and analysts said.On the NSE, Nifty gained 429 poi...

India Gold, Silver Prices Fall Nearly 5% On Budget Day Following A Cut In Basic Custom Duty

Mankind Pharma taps Barclays and Deutsche Bank for Rs 13,630 cr acquisition of Bharat Serums & Vaccines

Mankind Pharma has appointed Barclays and Deutsche Bank to arrange financing for its Rs 13,630 crore acquisition of Bharat Serums & Vaccines. The deal will be partly funded through Rs 4,000 crore in internal accruals and the rest via debt. Mankind’s board approved raising ₹7,500 crore in equity and increasing the borrowing limit to ₹12,500 crore.

Capital Gains Tax: 'Despite tax hike, equity MFs remain attractive', experts on rejigging investment portfolio

As per the Budget, mutual funds investing more than 65% of total proceeds in debt and money market instruments will be covered under Section 50AA. This implies that exchange-traded Funds (ETFs), Gold Mutual Funds, and Gold ETFs will not be considered specified mutual funds.

Fake billing scams worth over ₹5K crore unearthed: Cheema

Punjab finance, planning, excise and taxation minister Harpal Singh Cheema on Friday said that an investigation by the state tax department’s enforcement wing has uncovered fake billing scams worth thousands of crores.