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Despite the bullish year, 72% of S&P 500 stocks performed worse than the index in 2023.

Idukki (Kerala), Two days after a young dairy farmer suffered a devastating loss, with as many as 13 of his 20 cows dying from suspected food poisoning, offers of new cows and financial assistance poured in from various quarters at their farm in this mountainous district of Kerala on Tuesday. State ministers J Chinchu Rani and Roshy Augustine visited 15-year-old Mathew, the distressed young farmer, at his house in Velliyamattom village this morning and offered support and assistance from the state government.

Amanda Blanc (pictured) became CEO of Aviva in July 2020.

financial planning journey. Budgeting helps you allocate your income towards expenses, savings and investments. You can begin with 50/30/20 budgeting that allocates income as follows: a) 50% towards needs or non-negotiable expenses such as food, clothing, rent, EMIs, medicines, kid’s fees, utility bill payments, etc.

BP Gopalika took charge as new Chief Secretary of West Bengal government, outgoing state Chief Secretary HK Dwivedi became Chief Financial Advisor Chief Minister Mamata Banerjee, a day after his retirement. Dwivedi retired on Sunday (December 31) after enjoying an extension of six months and BP Gopalika was appointed the new Chief Secretary. Gopalika was the Home Secretary before taking up the charge in the new position. Dwivedi has huge experience and has efficiently handed financial matters since he was the Additional Chief Secretary in the state’s Finance department for a long duration. “The Chief Minister was keen to retain him as the Chief Financial Advisor to utilise his experience and expertise in handling the financial affairs of the state,” sources in the state secretariat said. Dwivedi’s predecessor Alapan Bandyopadhyay was retained by the Chief Minister’s principal advisor following his retirement as the Chief Secretary.

The arrival of the new year signifies a new beginning, a blank canvas filled with thrilling possibilities. There’s no better way to commemorate this occasion than by sharing the warmth and joy of exchanging gifts with families. The festive atmosphere surrounding the new year adds an extra layer of significance to gift-giving, creating an experience full of anticipation and love.

In an era where medical marvels and a focus on healthy living are pushing the boundaries of human lifespan, the notion of retirement is undergoing a radical transformation. According to Harvard Medical School, “it’s very possible that the first person who will live to 150 has already been born.” Your retirement isn’t a decade-long vacation; it’s potentially a half-century-long second act, therefore ensuring financial security for this extended period becomes imperative.

Mumbai Police's Economics Offence Wing (EOW) has apprehended Ashesh Mehta and Shivangi Lad Mehta in Surat. According to media reports, the couple is accused of orchestrating a massive financial fraud amounting to thousands of crores through their share trading firm.

To lose weight without losing money in a gym membership You may be bent upon losing weight this year (as you were in the past three years), and you may be sure you won’t stop going to the gym after three weeks (as you did in the past three years), but will you really? Stop lying to yourself. Do not pay the outrageously high gym membership fee this year.

mutual funds to invest for 5-10 years, not only is the answer straightforward, but the process by which the answer is arrived at is almost self-evident. However, bigger, conceptual problems are not simple to reason. For instance, consider a question like, ‘What should my overall financial strategy be?’ The answer needs to incorporate longterm goals, spending habits, income levels, and family situations into a comprehensive plan that evolves with time.

Indian households’ net financial savings fell as much as four percentage points in the past two years as they ploughed it to build real assets such as homes and vehicles. While that has raised the indebtedness of people, economists say their ability to service debt is high compared with many major economies. Official data on household net financial savings indicates that it fell to 5.1 per cent of GDP in 2022-23 from 11.5 per cent in 2020-21, well below its long-run annual average of 7.0-7.5 per cent.

Nirmala Sitharman on Saturday held a meeting with heads of public sector banks and reviewed their financial performance. During the meeting, concerns related to cyber security and the risks on the financial sector were discussed, sources said. Issues related to fraud and wilful defaulters and progress on the National Asset Reconstruction Company Ltd (NARCL) also came up for discussion, they said.

money lessons playlist! It was The Beatles who sang this song which made fans worldwide scream with joy (at the sight of the boy band extraordinaire, more likely) and the band laughed all the way to the bank. But we’re at the end of 20023 and if you’re feeling a tad mellow, I’m sure you will love this version by Blackstreet Sometimes we value money over everything else as we allow the rat race to overwhelm us. This fun song also reminds us to step back and take a breather.

The financial landscape is ever-changing, influenced by global events, economic shifts, and individual aspirations. As we step into a new year, crafting a comprehensive financial roadmap is essential to navigating the uncertainties and capitalizing on opportunities that may arise in 2024.

The S&P 500 closed out 2023 with a gain of more than 24% as easing inflation, a resilient economy and the prospect of lower interest rates buoyed investors, particularly in the last two months of the year

₹10,000 invested per month for 15 years in public provident fund PPF @ 7% per annum will grow to ₹32 lakh versus ₹50 lakh if invested in equities at 12% p.a. Experiential vacations, luxury car, if really important for the person, can be realized through bonuses. Of course, paying off debt should always be the first choice for lump sum funds.

India's net non-performing assets ratio of banks declined to a multi-year low of 0.8% at the end of September 2023. "The resilience of the non-banking financial companies (NBFCs) sector improved with CRAR at 27.6 percent, GNPA ratio at 4.6 percent and return on assets (ROA) at 2.9 percent, respectively, in September 2023," the report said.

Indian economy has been a shining star on the global stage amidst a peer group witnessing a slow to no growth rate. The World Bank, in its latest India Development Update, highlighted the Indian economy’s “resilience" despite challenges in the global environment. The economic outlook is promising on the domestic level in the coming year. TheUS recession is the talk of the town, and so the world is gearing up for the challenges we may encounter in the coming year. 

₹3.5 in December 2020 to currently trade around ₹210. This implies that an investment of ₹10,000 in this penny stock in December 2020 would have turned into ₹6 lakh this year. Meanwhile, it has also given exceptional returns – skyrocketing 889 percent – in the last one year and gained 797 percent in 2023 YTD.

Satish Menon, Executive Director of Geojit Financial Services underscores the exact nature of the Budget 2024 cannot be predicted at this stage. However, he expects new initiatives to boost manufacturing in India and government expenditure on Infra to flourish. In an interview with Mint, Menon also shares his views on the market and the sectors he is positive about. Edited excerpts: Our understanding is that the final budget will be after the general election, and the February Budget will act as a provisional one.

Moneyview has just revealed findings from its latest survey, offering insights into the changing dynamics of credit score awareness and financial preferences. The 2023 Consumer Credit Survey gathered responses from a diverse range of individuals, offering valuable perspectives on credit behaviours, loan aspirations, and the pivotal factors shaping financial decision-making.