Beyond Financial News

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen...

Employees’ pension scheme (EPS) was introduced on Nov 16, 1995, replacing the Employees’ Family Pension Scheme, 1971. This is a social security scheme offered by the Employees' Provident Fund Organisation (EPFO).

You may be saving more money for retirement — and not even know it.

As the Qualifier 2 match of IPL between Sunrisers Hyderabad (SRH) and Rajasthan Royals (RR) is scheduled for today at 7:30 pm in Chennai might get affected by a light rainfall in the city. If it happens as forecasted by the Regional Meteorological Department then SRH has a chance to qualify for the finals swiftly. 

The decision to invest in bonds or fixed deposits or post office schemes should be made after analysing several factors like one’s risk appetite, investment goals, liquidity situation and investment horizon. A bondholder earns money in two ways – through coupon payments and appreciation or depreciation of the instrument in the secondary market.

As April approaches, the importance of tax plans becomes increasingly critical. While salaried employee dutifully plan their investment declaration, the importance of tax planning extends far beyond that initial declaration. After April, various opportunities and concerns could drastically affect the tax situation. From maximizing deductions to investment strategy, understanding why tax plans matter after April is key for people looking to optimize their financial results and reduce their tax liabilities.

A home loan is a long-term financial commitment and not everyone is prepared for it. However, if you consider the kind of benefits you get financially from home loans, this financial tool really helps you build one of the most valuable assets not just for you but for the generations to come.

Mint Digital Summit on Friday.“GenAI in 2024 is a priority for almost 90% of CEOs and they want to put money behind it, but 70% of them feel they aren’t doing enough," Singhal said. “There is intent and money but how to get there and how to scale, that’s the key issue to be solved."Singhal said that there are three ways GenAI can deliver value. The first is by increasing productivity on existing tasks, such as writing emails or summarising a video meetings.

MUMBAI:PocketATM, a fintech startup facilitating cash withdrawals from neighbourhood grocery stores, is expanding its customer base beyond senior citizens and people with mobility challenges."We are building doorstep banking at PocketATM via supply from neighbourhood stores instead of bank ATMs and branches, so essentially, we are elevating convenience," said Mihir Mehta, chief executive, PocketATM, at the Mint Digital Innovation Summit 2024.Founders Mehta and Sushil Kurri spoke about financial inclusion discussed financial inclusion through digital innovation, highlighting how their doorstep cash delivery service, branded as 'Gharpe,' literally meaning at home, will attract more consumers."We want to become the Blinkit for banking," Mehta told Mint on the sidelines of the event on Friday.The startup, which raised $400,000 in February, plans to expand beyond metros. PocketATM intends to extend its services to tier 2 and tier 3 cities by encouraging merchants to exchange cash for customers using UPI transactions."While India has gone digital, the whole ecosystem is very cost heavy, and there is unorganized cash management, which is what we are trying to solve," said Mehta.PocketATM is also targeting foreign tourists, partnering with Cheq, a UPI payments app for foreign tourists and non-resident Indians visiting the country, to facilitate cash withdrawals.The fintech has incorporated advanced features such as geolocation and geotagging, enabling merchants to indicate their availability.

India's growing weight will ensure that the overall balance in the world order remains in favour of freedom, openness, transparency and a rules-based order, External Affairs Minister S Jaishankar said on Friday. In a virtual address at the Nikkei Asia Future of Asia Forum, he said the challenge of supply chain and the use of economic coercion by states have put a premium on resilience, in comments that came amid China's attempt to become an economic hegemon. Jaishankar said the world is undergoing a flux, driven by geopolitical, geo-economic and geo-technological developments and that the global order today is visibly under stress, with Asia and the Indo-Pacific very much part of this transformation. «But it is not just change we are seeing; there is also much greater risk-taking. It is visible in the conflict in Ukraine, in violence in the Middle East and the disregard for international law and agreements in Asia and the Indo-Pacific,» he said.

According to the One website, “As long as you use the BOBCARD One co-branded Credit Card within your approved credit limit, and pay the full outstanding by the due date, we wont charge you anything. However, in cases of delays in payments or part payments or using your card beyond the limit, there would be some charges levied.” What are Co-branded credit cards?

₹14,600 crore to add about 17,800 beds nationwide over the next few years to meet the rising demand for healthcare, driven primarily by higher insurance penetration since the pandemic, Mint has learned. This marks their first meaningful expansion since covid, which slowed or halted their growth for four years. Manipal Hospitals, Aster DM Healthcare, Apollo Hospitals and Max Healthcare are among the healthcare majors working to add more beds in the coming years.

₹416.57 lakh crore) on Thursday, coinciding with the Nifty 50 index reaching a record high of 22,993.60. Meanwhile, in morning deals today (Friday, May 24), Nifty crossed the 23,000 milestone, hitting a new high of 23004.05.According to a press release by the NSE, it took NSE-listed companies just 6 months to jump from $4 trillion to $5 trillion.

Mehul Choksi, a key accused in the multi-crore PNB scam, has told a special court here that he hasn't been able to return to India «due to reasons beyond his control» and hence cannot be declared a "fugitive economic offender". The accused has claimed that he didn't leave India to avoid criminal prosecution nor is he refusing to return to the country. He said his passport has been suspended by Indian authorities. The businessman made these claims in an application filed on Wednesday before a special PMLA court, seeking directions for summoning documents concerning the suspension of his passport and investigation files of the Enforcement Directorate's (ED) case against him. The current proceedings against Choksi pertain to ED's plea to declare him a fugitive economic offender (FEO) and these documents need to be summoned «for fair adjudication of the matter», said the plea filed through advocate Vijay Agarwal.

Nifty ended the Thursday weekly expiry stronger by 370 points at record high levels to form a long bull candle on the daily chart. On the higher end, above 23,000, the index might move towards 23,500 in the short term. On the lower end, support is placed at 22,800; the strength could remain intact as long as it remains above 22,800, said Rupak De of LKP Securities.

Also Read- Will Indian share market continue to correct before Lok Sabha election 2024 result? Experts list out 28 stocks to buy Sunil Damania, Chief Investment Officer of MojoPMS, echoed a similar view. “The prevailing expectation is that the BJP will achieve a majority; the primary debate concerns how this majority will compare to their previous performance," he observed. In February, Prime Minister Modi asserted in Parliament that the BJP would secure 370 seats and the NDA would obtain 400 seats, Damania noted.

₹613 crore, thanks to the doubling of other expenses. Additionally, the balance sheet worsened with borrowings rising by 64% to ₹8,808 crore. More debt was taken to finance working capital as receivables went up and payables declined, which meant that finance cost jumped up by 40%, causing pre-tax earnings to drop by a sharp 68% to ₹220 crore.

Furiosa: A Mad Max Saga, and before we witness this brand new apocalyptic explosion in theatres, it is a fine time to rewatch the film that came before it—not that any excuses are necessary. Nine years ago, Miller’s Mad Max: Fury Road (streaming in India on Netflix) not only redefined action cinema but transcended the entire genre. It is a film unlike any film before it—which is ironic, considering it follows Miller’s cult classics Mad Max, The Road Warrior and Mad Max Beyond Thunderdome—and every single frame trembles with burning hot originality.

assassinations both in his country and beyond. As reported by ANI, Pakistan's permanent representative at the world body also quoted from a report in a leading US daily to say the “new India comes into your home and kills you".

Regional Meteorological Department of Rajasthan, in view of the searing and scalding heatwave has issued a red and orange alert for various districts. After the temperature breached the mark of 46 degrees Celsius, the Regional Meteorological Department has expressed the possibility of daytime temperature crossing the mark of 48 degrees Celsius and above in various parts of Rajasthan. Speaking to ANI, Radhe Shyam Sharma, Director of the Regional Meteorological Center, Jaipur said, «There is no respite from the scorching heat, as temperatures have already crossed the mark of 46 degrees Celsius and now mercury is intended to rise beyond 48 degrees Celsius.»

Heatwave Alert LIVE updates: The India Meteorological Department (IMD) issued a warning on Wednesday of an impending severe heatwave across several states in North India, including Rajasthan, Punjab, Haryana, Delhi, and Uttar Pradesh. The warning comes after a scorching May 21, when maximum temperatures soared beyond 45 degrees Celsius in these regions.The weather office stated that heatwave to severe heatwave conditions are expected in Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and Madhya Pradesh until May 25.