The Supreme Court has upheld the right of banks to recover over 30% interest on credit card dues and reversed a 2008 decision by the National Consumer Disputes Redressal Commission (NCDRC). The judgment clarifies that such charges do not fall under unfair trade practices, but are within the ambit of the Reserve Bank of India’s

India may cut income tax for individuals earning up to ₹15 lakh a year in the February budget, according to government sources. The move is aimed at relieving the financial burden on the middle class and boosting consumer spending amid an economic slowdown. It will help millions of taxpayers, particularly urban residents battling high living

Finance Minister Nirmala Sitharaman in Lok Sabha informed that ED has restored the properties to the tune of Rs 22,280 crores in several high-profile cases of economic offense. It has benefited the public as well as private sector banks, reflecting that the government is serious in its attempts to crack down on financial fraud. The

Since the eagerly awaited Initial Public Offering (IPO) of Vishal Mega Mart, a market leader in the hypermarket retail chain, has started to create a strong investor response, it has been considered a positive sentiment for Indian retailers. This IPO, which was on offer for subscription from 11 December 2024 to 13 December 2024, is

The IPO of Mobikwik, launched by one of the leading Indian FinTech companies in the country, has caught the eyes of investors all over India. Due to its expertise in digital wallets and payments, Mobikwik IPO was open for subscription between 11th December 2024 and 13th December 2024 and has now completed its allotment of

Mutual funds have evolved into a widely accepted financial product for the public, which offers a practical means to achieve diversification and build capital. They come together to pool money from numerous investors and distribute the money among various investments, which are handled by specialists. No matter if you’re a beginner or an expert investor,

Among the various investment strategies yielding consistent growth, mutual funds for excellent returns are considered a popular and trusted avenue for many investors. Among the industry leaders, MFS is one of the premier global asset managers with an impressive track record. At MFS, the company manages an impressive $626.4 billion in assets as of October

India’s foreign exchange reserves recorded their steepest weekly decline last week, with factors such as a strengthening U.S. dollar and market interventions by the Reserve Bank of India largely contributing to its drop. Foreign exchange reserves fell by $17.8 billion to $657.89 billion in the week ending November 15-the lowest in more than four months.