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A mutual fund is an investment vehicle that pools money from multiple investors to invest in a mix of assets such as stocks, bonds, government securities, and even gold. Investors in mutual funds gain portfolio diversification, professional management, and return and risk characteristics determined by the fund’s investments. The sumis handled by financial professionals known
The Union Budget 2025, which is set to be announced on February 1, will likely have a significant impact on small saving schemes such as the Public Provident Fund (PPF), National Savings Certificate (NSC), and Sukanya Samriddhi Yojana (SSY). Changes in tax policies and interest rates may change the shape of these schemes, thus becoming
The Union Budget 2025, expected on February 1 to be presented by Finance Minister Nirmala Sitharaman, has evinced nationwide anticipation, especially with regard to income tax reforms. Individuals are on their toes, awaiting what the government will actually do about lessening the tax burden on them. A primary focus is the revision of the tax
The stock market remains in a downward motion, and the major indices are under pressure within today’s trading session. Investor caution is evident, cashing in on rallies to lock in the gains. It reflects the uncertainty of correcting the market and what might become of them, leaving many wondering why the market is down today.
In a first, Hindustan Unilever Limited (HUL) is set to buy Jaipur-based skincare startup Minimalist for Rs 3,000 crore ($350 million). This will be one of the largest deals in India’s direct-to-consumer (D2C) space, especially in the skincare segment. According to people aware of the deal, this acquisition is testimony to Minimalist’s excellent growth story
Finance Minister Nirmala Sitharaman reiterates her commitment to income tax relief for India’s middle class to lessen their financial burdens. She spoke at length about the tax reforms initiated by the previous Union Budget with the objective of increasing disposable income for salaried people. Amongst the most important changes is the enhancement of the standard
The Indian government aims to raise ₹3.9 trillion through treasury bills during the final quarter of the ongoing financial year. It would borrow the amount in three categories of treasury bills for 13 weeks. This would include raising approximately ₹1.68 trillion in 91-day treasury bills, ₹1.28 trillion in 182-day bills, and ₹98,000 crore in 364-day
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
