Experts Financial News

There are some savers who just keep their money in the bank, along with savings in the EPS, NPS, or EPF, in various permutations. Throw in some fixed deposits and insurance products, generally ill-chosen, to this product mix, and their savings menu is complete. The drawback of this mode of saving is that the returns are poor, and a great deal of money is left to idle.

credit card dues. What should he do to about the mounting interest costs on his card spends? Ashmit has crossed the first hurdle in dealing with a debt trap by recognising that he needs to do something about his credit card dues. Several spenders are unaware of the interest burden and end up repaying a large sum over a long period of time. In some cases, it also reflects reckless spending or over-spending. Credit card dues that remain unpaid are the costliest loans an individual can take from the bank.

The formula for IRR = IRR (B2: B12) The only option for a buyer is to do the calculation himself. The IRR (internal rate of return) calculation can tell you the returns that a policy offers.

life insurance: safeguarding the family’s financial future if the breadwinner dies. However, there are plenty of wrong reasons to do the same. Topping the list is the need to save tax.

Personal finance goals typically include three big-ticket items: education, wedding and retirement. My children were still in high school during those early years of teaching and writing about financial planning. As I heard families setting aside money for weddings, my rational mind scoffed at the idea.

active cases rose to 3,742, according to the latest government data. A new strain "JN.1", classified as a "variant of interest" by the World Health Organization (WHO) last week, has been detected in India.

Mint looks at the crisis, efforts taken to contain it, and its implication for India and the world. The Yemen-based and Iran-backed Houthi militants have fired over 100 drones and missiles at ships belonging to over 35 countries plying the Red Sea. They are doing so ostensibly in support of the Palestinian cause.

Some California farming communities have been plagued for years by problems with their drinking water due to nitrates and other contaminants in the groundwater that feeds their wells

The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fuel power

Red Sea crisis, shipping giant AP Moller-Maersk Sunday decided to resume voyages through the Suez Canal. This followed the setting up of the multi-national security initiative Operation Prosperity Guardian (OPG), led by the US. “As of Sunday 24 December 2023, we have received confirmation that the previously announced multi-national security initiative Operation Prosperity Guardian (OPG) has now been set up and deployed to allow maritime commerce to pass through the Red Sea / Gulf of Aden and once again return to using the Suez Canal as a gateway between Asia and Europe, the shipper said in an advisory to its customers. “This is most welcome news for the entire industry and indeed the functionality of global trade. With the OPG initiative in operation, we are preparing to allow for vessels to resume transit through the Red Sea both eastbound and westbound,” it added.

ALSO READ: RBI imposes monetary penalty on five co-operative banks. Details here Some even turned to experts for guidance and that is how training on compliance gained momentum in 2023.

These companies — Facebook (Meta Platforms), Amazon, Apple, Microsoft, Netflix and Google (Alphabet) -registered a 90% drop in active job postings in India in 2023 compared with the previous year, according to data put together for ET by specialist staffing firm Xpheno.

MUMBAI : It has been a tepid student placements season so far at India’s engineering colleges, and a similar lull is expected in business schools, particularly in the small cities. But for some, there's a bigger worry: without a job straight out of college, or jobs at lower salaries than expected, students who’ve borrowed lakhs of rupees to fund their expensive education might struggle to repay. While banks and non-banks—the ones who should be concerned—do not seem perturbed, faculty members Mint spoke with fear that the number of students defaulting on their loans could rise on the back of an estimated drop in median salaries.

real estate investment with limited capital has come to the forefront. As property prices surge in both commercial and residential sectors, a positive trend emerges—investing in real estate becomes more attainable, even with modest funds.

drone attack on an Indian cargo vessel on the high seas, defence expert Wg Cdr (retd) Praful Bakshi on Sunday said the incident marks a security concern for the country and the entire world as the ship came under fire in an 'innocent area' outside the conflict zone. Speaking on Sunday, the former Indian Air Force (IAF) officer said the suspected drone strike spells concern as it was carried out within the Exclusive Economic Zone of the subcontinent and there were several Indians on board the vessel. «It is very surprising because now you can see the action that was going on around Israel and Gaza, the Red Sea, etc., is now spilling over into the Arabian Sea. That doesn't augur well for the security of this area.

Muthoot Microfin listing: The shares of Muthoot Microfin will likely get listed on the exchanges on December 26. Ahead of the listing, the company's shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company's shares are expected to list with a mild premium of 9% on the exchanges. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The Rs 960-crore IPO of Muthoot Microfin was subscribed 11.52 times at close.

Vande Bharat from Katra to Delhi starting from 30th December will have a stop in Udhampur and Kathua as well, Union Minister Dr Jitendra Singh said on Sunday. In a post on X, Jitendra Singh posted, “Heartening news for Udhampur and Kathua.

The earnings growth of Nifty100 index in H1FY24 was 35%, while price performance was 15%, indicating undervaluation. We anticipate favorable returns on non-equity assets too, by taking low risk, including debt and commodities. High interest income and changes in monetary policy have improved the outlook for debt paper.

MOSCOW (Reuters) — Russia was short of around 4.8 million workers in 2023 and the problem will remain acute in 2024, the Izvestia newspaper reported on Sunday, citing experts and research from the Russian Academy of Science's Institute of Economics.

Indian stock market: The Nifty index displayed volatile movements on the last day of the week but managed to close above the crucial level of 21300. The lower-end support for the index is positioned at 21200, presenting a buying opportunity on any dips toward this level. Sustaining above 21300 could pave the way for further upside momentum, targeting the 21500 level.

IPO, are holding steady at Rs 78-80 in the unlisted market, indicating multibagger listing gains to investors. The company's shares are expected to list on the exchanges on December 26. At the upper price band of Rs 55, the stock is trading nearly 145% higher than the offer price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The public offer of Motisons Jewellers was subscribed 159.6 times at close, led by heavy bidding by qualified institutional buyers and non-institutional investors. The retail portion of the issue was subscribed 122.28 times, and the non-institutional category's subscription rate stood at 233.91 times. The allocation for qualified institutional bidders was booked 157.4 times.