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IDBI Bank: The proposed sale of the government’s stake in IDBI Bank is unlikely to happen this fiscal, posing a challenge to the Centre’s ability to meet the ₹51,000 crore disinvestment target for the year. The government expected more than ₹15,000 crore from the IDBI Bank stake sale, the financial due diligence for which began in July. It had planned to issue financial bids for IDBI Bank by December and completing the transaction in the fourth quarter of the fiscal.

BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - in South Africa this week, where Chinese President Xi Jinping will attend. But whatever Xi says will likely be more political in nature. The assurances investors want from Chinese officials probably center more on monetary and fiscal policy.

The Australian Financial Review has recorded a solid recovery in print readership following the interruption of the COVID-19 pandemic, according to industry audience numbers released by Roy Morgan.

Reliance Industries (RIL), shares of the recently-demerged company Jio Financial Services or JFSL will list on stock exchanges at 10 am today. On both BSE and NSE, the stock with the symbol of JIOFIN will trade in the T Group segment for the first 10 days.

SJS EnterprisesMarquee investor Ashish Kacholia sold part of his stake in aesthetic solutions provider SJS Enterprises for Rs 11.6 crore through the open market on Friday.Jio FinancialJio Financial Services, which recently demerged from parent Reliance Industries, will get listed on stock exchanges on August 21.Kotak Mahindra BankKotak Mahindra Bank's chairman Prakash Apte said the attrition challenge for the bank is concentrated at the junior management level.Read more: What changed the market while you were sleepingPNB Housing FinancePNB Housing Finance said through its focussed and multi-pronged resolution strategy, it has successfully resolved and fully recovered a large corporate non-performing account of Rs 784 crore.TitanTitan will acquire an additional 27.18% of equity shares in its subsidiary CaratLane Trading for Rs 4621 crore.Ashok LeylandAshok Leyland will issue Rs 870 crore corporate guarantee to cover lender facilities of two subsidiaries Optare Plc and Switch Mobility UKM&MMahindra & Mahindra announced proactive inspection of select XUV products.KEC InternationalKEC International, an RPG Group Company, has secured new orders of Rs 1,007 crore across its various businesses.ONGCONGC Videsh has secured a three-year extension from Vietnam to explore 'Block 128' in the South China Sea.

adviser to sort out your finances? Or, are you, perhaps, already working with one? While you can be reasonably assured that your money will be in good hands after taking this decision, you will still need to play your part in getting the best out of this relationship. Are you engaging with your adviser to the extent and in the spirit that this relationship warrants? Or could you be undermining your planner unconsciously or otherwise? In a recent survey conducted by ET Wealth, financial planners conceded that the individuals who came to them for advice, disrupt the process in a myriad ways.

saving, spending and investing decisions, such as allocating money for life goals, sticking to a budget, making investments in different assets, and devising strategies for a rainy day. It is a crucial life skill, and when instilled at a young age, it can become a cornerstone for building a prosperous future. Learning about money management early lays the groundwork for responsible financial behaviour as an adult and helps navigate the complexities of personal finance confidently.

risk exposure also increases. Natural disasters can cause massive damage to assets and investments in vulnerable areas. According to reinsurance company Munich Re, the total uninsured losses due to disasters in 2022 are estimated to be around $270 billion while insured losses are projected to be approximately $120 billion.

If YOU PLAN to move abroad either for a job or for higher education, careful financial planning is essential to ensure a smooth transition. Foremost, you must inform your bank about the change in residential status and savings/current accounts should be converted into Non-Resident Ordinary (NRO) to manage any future income you earn from investments in India.

₹10K per month at a 12% interest rate per annum compounded monthly. If you start at 25 years of age, the amount you’ll have by 60 is ₹6,43,09,595 versus if you start at 30 years of age, the amount of money you’ll have by 60 is ₹3,49,49,641. That’s how much difference a mere 5 years can make! It’s a small step, but the impact it can have - as you can see - is tremendous," said Satyajeet Kunjeer, Founder and CEO, Deciml.

«For the first time in 15 months, the Indian equity market fell for the fourth week in a row. Sensex, Nifty, and Nifty Bank fell nearly 1% each with 31 Nifty stocks recording losses. This can be attributed to profit booking in the Nifty metal sector and selling activity by foreign institutional investors (FIIs).

TresVista, a global enterprise in high-end outsourced services, is aiming to reach $50 million in the current fiscal year with over 300 clients. To meet its demands and revenue targets that would require over 5,000 employees in the next 4 years, the company has made significant investments to update existing infrastructure.

Reliance Industries Ltd (RIL), Jio Financial Services (JFSL), will list on Indian stock exchanges on Monday, August 21. After the July 20 special pre-open call auction session, Jio Financial Services' share price was set at Rs 261.85 apiece on the NSE.

Financial inclusion is a critical driver of economic development, and embedded finance as-a-service has emerged as a powerful tool to deepen financial inclusion in India's new age economy with over USD 5bn in market size. The growing and prominent role of fintech in leveraging embedded finance to unlock new value chains, empower underserved populations, and drive economic growth is undisputed. However, despite significant progress, India still faces challenges in achieving comprehensive financial inclusion.

Financial services secretary Vivek Joshi held a meeting with the heads of state-run banks on Friday to review their preparedness for the upcoming PM Vishwakarma Scheme and the progress made under PM SVANidhi. In a statement, the finance ministry noted that officials from the MSME ministry also attended the meeting.

Jio Financial Services (JFSL), the demerged financial services business of Reliance Industries, will list on the stock exchanges on August 21. Shares of Jio Financial were credited to investors' demat accounts last week. Under the demerger arrangement, shareholders of Reliance got one share of the demerged entity for every share held.

₹15 crore to the hill state. “An assistance of ₹15 crore will be given by the Rajasthan government to help the people suffering from the difficult situation created by heavy rains and landslides in Himachal Pradesh," Gehlot said in a post on X, formerly known as Twitter. The financial aid by Gehlot came in the wake of destruction caused by incessant rain, triggering flash floods, cloudbursts, landslides, and slope failure taking a heavy toll on lives and property.

Elon Musk’s SpaceX is among many alleged culprits behind a seismic crypto market crash on Thursday, which has triggered over $1 billion in liquidations over the past 24 hours. Here's the latest.

Reliance Industries Ltd’s arm Jio Financial Services will begin trading from Monday. Following the demerger of the financial services business, the NSE and BSE added Jio Financial to key indices, including the Nifty 50 and Sensex on July 20. This was primarily to ensure price stability and limited volatility in RIL shares on account of the demerger exercise and was part of the revised methodology of the exchanges to treat demergers.

Jio Financial Services, the demerged financial services business of Reliance Industries, will begin trading on the exchanges on Monday. Currently, Jio Financial is part of key indices of the BSE and National Stock Exchange, including the Sensex and Nifty 50, at a constant price of Rs 261.8 a share. This price was derived through a special pre-open session conducted by the exchanges on RIL stock on July 20.

Financial scams are rising, with losses amounting to $8.8 billion in 2022 alone. According to the United States Federal Trade Commission, losses from financial fraud have increased by 30% from 2021 to 2023. This paints a dire portrait of the dark underbelly of digital advancement, with scammers now leveraging generative artificial intelligence (AI) to craft increasingly complex and realistic scams.