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It is a long-term investment, has very low costs and comparitively low risk. Investors should look beyond tax and invest more than the deduction limit, Rahul Bhagat, CEO of DSP Pension Fund tells ET Wealth. DSP has returned to the NPS after several years. What made you come back? The pension market has matured and the regulatory framework is more robust now. Instead of applying for a licence every five years, we now have a perpetual licence. The very low charges have also been revised. The charges are still quite low, but enough to make the business viable in the long term. All this gives us confidence to stay in the business for the long term. What makes the NPS a better product than other retirement options?

NPS) was opened to the general public 15 years ago, it managed to get less than 5,000 voluntary investors. The investment rules were not very clear, the structure was quite complicated and there was also no clarity on the tax treatment of the income. But over the years, the NPS has undergone many changes and become more investor friendly. The Pension Fund Regulatory and Development Authority (PFRDA) has made the scheme more flexible and introduced new features. It has also made it easier to open an NPS account. If you have the necessary documents, the account can be opened online within minutes. The Finance Ministry has done its bit by introducing tax benefits on contributions, including tax deductions that are exclusive to the NPS and making 60% of the maturity corpus tax free. As a result, the NPS is slowly gathering pace. In 2023-24, some 8.73 lakh voluntary investors joined the scheme. That’s an average 2,391 investors joining per day, almost 100 every hour. But the NPS is still not the preferred investment vehicle for retirement. With only 55 lakh voluntary investors, it has tapped only 10% of the total investing population in the country.

Kavya Maran, the CEO of Sunrisers Hyderabad, hardly misses any match of her team and is known for supporting SRH throughout the games. Due to her undivided attention in the SRH vs CSK's IPL 2024, Maran quickly responded when Pat Cummins' team, missed a costly run out of Rutura Gaikwad. Her disappointment, which was visible on the camera, garnered attention on social media.

Motilal Oswal Financial Services expects HCL’s FY25 revenue growth to be near the upper-end of its guidance band, which will put the company ahead of its large-cap IT services peer set barring Tata Consultancy Services Ltd (TCS), which is executing the mega BSNL deal, and LTIMindtree Ltd. “While we expect some near-term pressure on the stock on account of weak FY25 revenue growth guidance, we continue to expect the stock to outperform its peers," wrote Motilal’s analyst Mukul Garg in a report on 27 April. In the March quarter (Q4FY24) results announced post-market hours on Friday, HCL saw muted consolidated CC revenue growth of 0.3% sequentially.That said, itskeyIT and Business Services CC growth at 4% was ahead of consensus estimates.Further, new deal-wins at $2,290 million rose year-on-year and sequentially.

ALSO READ: US Fed bets reprice: China, Japan, South Korea and India look attractive On April 30 (Tuesday), reports on employment cost index for first quarter (Q1) and consumer confidence for April will be unveiled. On May 1 (Wednesday), data on ADP employment for April, auto sales for April, and ISM manufacturing for April will be released. On the same day, FOMC (Federal Open Market Committee) interest rate decision will be announced, followed by Fed Chair Jerome Powell’s press conference.

₹3,000 crore to acquire a business park in Chennai with an enterprise value of ₹1,269 crore on Monday. The grounds for opposition are that the proposed fund raise will be higher than the acquisition cost and on concerns that units could be issued below the REIT's net asset value and market price, according to a person aware of the matter.

WASHINGTON — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York.

Get ready for changes in boarding and seating at Southwest Airlines

Rooting for Donald Trump to fail has rarely been this profitable

Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed initial investment of Rs 65-80 crore. The startup is likely to commence operations in the next three months. «We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million,» Mitra — one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned — told PTI.

Billionaire Ankur Jain, the Founder and CEO of Bilt Rewards, and former WWE wrestler Erika Hammond, celebrated their union in a stunning wedding extravaganza against the backdrop of the Egyptian pyramids. The couple, surrounded by approximately 130 guests, exchanged vows in a spectacle of love and grandeur. A Spectacular Celebration

The IRS says more than 140,000 taxpayers filed their taxes through its new direct file pilot program

Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York

Officials say Google plans to invest $2 billion to build a data center in northeastern Indiana to help power its artificial intelligence technology and cloud business

Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation

A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide

Wall Street Journal analysis of satellite data. In other areas where drillers dispose of wastewater in underground wells, the land has lifted by as much as 5 inches over the same period. The constant extraction and injection of liquids has wrought complex geologic changes, which are raising concerns among local communities long supportive of oil and gas.

iPad Air lineup was last updated in 2022 with the company's M1 chipset, but the lineup could see some major changes this year, including the addition of a 12.9-inch screen and a new processor. However, it's not yet clear whether Apple will update the iPad Air range with the older-generation M2 chipset or the latest M3 processor. Notably, this will be the first time Apple will offer a 12.9-inch version of an iPad Air, allowing users to enjoy content on a larger screen without breaking the bank.

ALSO READ: India approves export of 10,000 tonnes of onion each to Sri Lanka, UAE On December 8, 2023, the Indian government had banned export of onions. The ban on export of onions was imposed to ensure adequate domestic supply against the backdrop of estimated lower Kharif and Rabi crops in 2023-24 compared to the previous year.

profitability and asset quality would remain robust in current fiscal reflecting strong economic growth, but they may be compelled to slow down their loan growth as deposits are not growing at a similar pace, S&P Global Ratings has said. In the Asia-Pacific 2Q 2024 Banking Update, S&P Global Ratings Director SSEA Nikita Anand said the agency expects the sector's strong credit growth to moderate to 14 per cent in FY25, from 16 per cent in FY24, if deposit growth, especially retail deposits, remain tepid. Anand said there is a deterioration in loan-to-deposit ratio is every bank, with loan growth being 2-3 percentage points higher than deposit growth. «We expect banks to bring down their loan growth in FY25 and bring it in line with deposit growth. If banks do not do that, they would be paying higher to get wholesale funding, which will impact profitability,» she said at a recent webinar of S&P Global Ratings.

Vedanta Ltd is likely to see less pressure on cash flows after liability management at the holding company level and is now best placed to ride rising commodity prices, analysts said. Improved performance in aluminium, power and zinc enabled the company to turn in EBITDA of Rs 87,600 crore in the January-March quarter, up by 4 per cent quarter-on-quarter. The improved performance was attributable to lower cost of production in aluminium and zinc and higher sales volume, partially offset by softer zinc prices. Despite marginal delays, Vedanta is set to complete its alumina/aluminium/ international zinc expansion during the current fiscal year (FY25), which will provide visibility around volume growth and cost reduction FY26 onwards. The start of coal mines in FY26 shall further lower its aluminium cost of production. In a post earnings note, Nuvama Institutional Equities said management is moving ahead to demerge the businesses by end of current fiscal (April 2024 to March 2025). The vertical split of its businesses into six listed entities can yield Vedanta higher-than-the-current value.