Personal Finance

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Retirement Planning: How to reach your goal of retiring early

Early retirement becomes feasible once you achieve financial independence, where you are no longer reliant on your full-time job to support your lifestyle.


Will gold, silver jewellery get cheaper after Budget 2024 announcements by FM Sitharaman?

Union Budget 2024-2025 has proposed a cut in the custom duty on gold and silver to 6 per cent from 15 per cent. Additionally, Finance Minister Nirmala Sitharaman informed that customs duty on platinum has been slashed to 6.4 per cent.With the announcement, the government has addressed the long-pending demand of gems and jewellery industry."To enhance domestic value addition in gold and precious metal jewellery in the country, I propose to reduce...


L&T Q1 Results: Net profit jumps 12% to Rs 2,786 crore

Engineering and construction major Larsen and Toubro (L&T) on July 24 reported a consolidated net profit for the quarter ended June 2024 at Rs 2,786 crore, up 12 percent compared to Rs 2,493 crore in the same quarter last year. On July 24, L&T's shares closed 0.45 percent lower at Rs 3,522 apiece. Revenue from operations rose 15 percent to Rs 55,120 crore in Q1FY25 as against Rs 47,882 crore in the year-ago period. L&T's net profit came in...


Multibagger Stock: MIC Electronics' Q1 PAT Zooms 60% YoY - Check details

MIC Electronics is a smallcap stock, having a market cap of Rs 2,190.07 crore. Its shares closed in the green at Rs 90.87 on Monday.


Aid to Maldives sees cuts, assistance to Sri Lanka increases in Budget 2024-25

Full budget sees sizeable increase in development aid to Sri Lanka, while assistance to Maldives sees drastic cuts from both 2023-24 revised estimates and 2024-25 interim budget.


Latest NPS rules 2024: How much tax will you save with new NPS contribution benefit under new regime after Budget 2024?

Latest NPS benefits under new tax regime after Budget 2024: If your basic salary is Rs 1 lakh, your employer can contribute Rs 10,000 (10% of basic pay) to the NPS on your behalf, which is exempt from tax. This deduction will be increased to Rs 14,000.


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...


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


'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...


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...


RBI tightens norms for cash pay-outs at banks

The Reserve Bank of India (RBI) announced tighter norms for cash pay-out services at banks, effective from November 1, 2024. Under the revised framework for 'Domestic Money Transfer', remitting banks must now maintain records of recipients' names and addresses for cash pay-outs.


Departing from India? Clearance certificate under Black Money Act required

From October 1, individuals domiciled in India will need a clearance certificate under the Black Money Act before leaving the country. This outlines a tightened regulation to ensure all tax liabilities are clear.


New tax proposal without indexation for real estate is beneficial in most cases: I-T Department

The budget 2024-25 has proposed a flat capital gain tax of 12.5 per cent on capital appreciation on selling property instead of a 20 per cent tax on capital appreciation with indexation benefits.


Man Wins Rs 8.3 Crore Jackpot After Dreaming About Lottery

An American man has credited his dream about playing the lottery for his $1 million jackpot win – that’s about Rs. 8.3 crore. Howard Kendall Jr., of Plymouth, said he dreamt of buying a 4,000,000 Diamonds scratch-off ticket worth $10, and took the cue, according to Massachusetts Lottery.


I grew up in poverty, but I'm doing 3 things to build my wealth and fight inflation

I plan on being able to retire early, but the biggest benefit of my financial plan is that I don't have to fear the unexpected.


Gold, silver price today, July 24, 2024: Precious metals record hike on MCX

Gold Price Today July 24, 2024: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Wednesday. Check the latest city-wise prices here.


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: How Apple Can Save Up To $50 Million Per Year With BCD Cut On Mobile Phones

For those wondering if smartphones will get cheaper in India, in the wake of Finance Minister Nirmala Sitharam announcing several reductions in BCDs (basic customs duty) on multiple items on Tuesday, July 23, industry experts told ABP Live that the cut on basic customs duties on smartphones, chargers, and PCBA will not have any major impact on the prices of smartphones in the country. Interestingly, Apple might potentially reduce its annual...


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...


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.


Budget 2024: Modi 3.0's first Budget slashes corporate tax rates for foreign firms to deal another blow to China

Modi 3.0's first Budget aimed to boost India's economy by cutting tax rates for foreign companies, attracting more overseas investors amidst the global supply chain shift from China. The move aligns with India's goal to reach a $5 trillion economy, emphasising FDI and positioning India as a global manufacturing hub. India's ambitious vision to become a global manufacturing hub relies on a comprehensive approach, including policies like PLI,...


Wealth Creation: How You Can Accumulate Rs 1 Crore Using THESE Alternative Investment Ideas

Owning rental properties can generate income through rent and potential property value appreciation.


Aprameya Engineering IPO to open tomorrow; price band set at ₹56-58 apiece

Aprameya Engineering IPO opens on July 25 with a price band of ₹56-58 per share. The company specialises in healthcare infrastructure projects and has no similar competitors in India.


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...


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...


Explained: What is UPI One World wallet; how to use, benefits and all other details

NPCI introduced 'UPI One World,' a digital payment solution for international tourists in India. Partnering with IDFC First Bank and Transcorp International, the wallet removes the hassle of handling cash. Attendees of the World Heritage Committee meeting will also access this service.


Budget Delights: 30 stocks poised to benefit from FM Sitharaman's announcements

Despite maintaining steady capital expenditure and fiscal deficit targets, analysts predict that significant tax policy changes, particularly the increased LTCG, STCG, and STT rates, will affect market sentiment. However, the introduction of new income tax benefits under the new tax regime offers some relief to taxpayers, potentially mitigating the negative impact on market sentiment.


Why you should not stop investing in SIPs?

It is no doubt that SIPs have revolutionized investment, yet when a new investor begins his/her investment journey, there are many questions that can arise in the investor’s mind throughout the duration of investment.


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.


4 bullish signals are pointing to more stock gains ahead, according to Bank of America

"Rotation, which is the lifeblood of a bull market, suggest that the SPX hit last week's highs from a position of strength, not weakness," BofA said.


L&T Q1 result FY2024-25: PAT up 12% in Q1 at Rs 2,786 crore - Check key earnings

L&T Q1 result FY2024-25: The Company received orders worth Rs 70,936 crore at the group level during the quarter ended June 30, 2024, registering a y-o-y growth of 8% aided by the strong ordering momentum in the Middle East. Shares of L&T declined marginally to 0.54% on BSE, Wednesday, July 24, to settle at Rs 3,519.40 apiece. The session's intra-day high and low remained at Rs 3562.80 and Rs 3501 respectively.


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.


10 tried and tested ways to save money

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


Why is investing in a luxury watch a Value beyond time

A luxury watch is not only a personal reward but also a sign of respect and admiration. It's a statement that goes beyond words, subtly communicating one’s accomplishments and refined taste.


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


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.


Budget 2024: Gold, silver, phone chargers to get cheaper. Cost of fertilisers, PVC flex boards to rise

Twenty-five critical minerals essential for sectors like nuclear energy, renewable energy, space, defence etc exempt from customs duties. Angel tax abolished, in boost for startups.


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


MTNL share price locked at 5% upper circuit; Multibagger PSU stock more than doubles in 9 trading sessions

MTNL stock has given multibagger returns with the shares jumping nearly 109% in one month and over 136% in three months. MTNL stock price has rallied more than 161% year-to-date and the PSU stock has given 345% returns in one year.


Penny stock under Rs 15: Company under market cap Rs 200 cr secures Rs 150 cr order

Penny Stock Under Rs 15: A company which has its market cap under Rs 200 crore has won an order worth Rs 150 crore. The said company's shares trade under Rs 15 per equity share. Check details.


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...


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


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.


15 best financial planning hacks every millennial should know

Key financial tips for millennials include gaining financial literacy, minimizing credit card usage, budgeting effectively, investing 20% of income, creating an emergency fund, managing surplus cash, planning for retirement, and managing debt wisely.


The 32 Worst Episodes of 'Friends' Ever

The hit sitcom was on for a whopping 10 seasons, so not every episode can stand the test of time.


Gold cheaper by Rs 4,000 in a day, bad news for smugglers

Prices of gold and silver in the domestic market tanked on Tuesday after the finance minister proposed to drastically cut import duty on these precious metals from 15% to 6%. Since duty cuts will make it cheaper to import these metals, supply through the import channel could increase, leading to drop in prices soon, market players said. This, in tu...


Budget impact: ITC shares breach ₹500 for the first time on unchanged tobacco taxes, Jefferies' upgrades to buy

ITC shares rise 3.7% post Budget 2024 as Jefferies upgrades to 'buy'. Stock hits ₹510.60 high with 19% July surge. Unchanged tobacco taxes, stable GST rates, and rural allocation boost non-tobacco businesses.


Flags of 20 T20 cricket playing countries including India & Pakistan made with plastic waste

Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.Subscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom/


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.


‘Doesn’t Mean Others Won’t Get Funds’: FM Sitharaman Reacts To Oppn's Jab Over Sanctions To Bihar, Andhra

In response to the Opposition’s ‘kursi bachao’ jab over special allocations for Bihar and Andhra Pradesh which are ruled by the BJP’s allies JD(U) and TDP in the Union Budget-2024 on Tuesday, Finance Minister Nirmala Sitharaman said just because two states found mentions in her budget, it did not mean other states won receive any funds from the Centre.Speaking on the Union Budget in Rajya Sabha on Wednesday, she said, “If a state is not...