FIVE Financial News

WHEN a salaried employee switches jobs, her provident fund (PF) balance will now get automatically transferred to the new employer without any documentation. The account will get seamlessly transferred the moment the new employer deposits the PF contribution from the employee’s first month’s salary.

Fixed deposits (FDs), also known as term deposits or time deposits, are considered a much safer investment tool. Banks and other financial institutions allow customers to put a certain amount of money in fixed deposits for a set period and earn guaranteed returns at a fixed interest rate.

Anand Rathi Wealth, one of the leading non-bank wealth solutions firms in India, have jumped 4.5% to hit an all-time high of ₹4,189.85 apiece in today's intraday trade as investors reacted positively to the company's Q4FY24 earnings. Looking back, the shares have delivered phenomenal returns to their shareholders in a very short period of time, as they hit record highs with each passing month. The company's shares, which were trading at ₹933 apiece in July 2023, have skyrocketed to the current level of ₹4,127 apiece, delivering a whopping return of 342% in just 9 months.

Tomorrow's IPL Match: Kolkata Knight Riders (KKR) and table-toppers Rajasthan Royals (RR) will clash on April 16 at the Eden Gardens in Kolkata. KKR, having won four out of five matches, are at number two on the points table at the moment. RR, on the other hand, have won five of their six matches and are sitting at number one.

Lok Sabha elections 2024: Delhi's North East Lok Sabha constituency is gearing up for a high-profile contest as the Congress announced young leader Kanhaiya Kumar as its candidate to fight against BJP's sitting MP Manoj Tiwari. The singer-turned-politician is the only BJP candidate to be repeated from the national capital as the saffron party has changed its face on all other 6 constituencies in Delhi.

Vedanta Ltd. has mandated JPMorgan Chase & Co. to help it raise 25 billion rupees ($300 million) via rupee-denominated bonds, according to people familiar with the matter. JPMorgan’s financing-solutions department in India, headed by Nitin Rungta, is reaching out to potential investors on behalf of the metals and mining company, according to people who asked not to be identified as the information is private. Those investors include global private credit funds, they said.

Financial decision-making is an integral part of any household, and it is interesting to see how different families approach it. In this article, we explore the financial dynamics of five diverse families from India and how women are empowering themselves in shaping their financial futures. Let's dive into their stories and understand how they are managing their finances.

₹51.90 lakhs as of today. As of Monday's session, the market capitalisation stands at ₹3,603.94 crore as per BSE data.

5 biggest concerns around Iran-Israel tensions that could impact Indian stock market Experts are of the view that the market may remain volatile in the short term and one should focus on buying only quality stocks at this juncture Based on the recommendations of several experts, below are eight stocks that one can consider buying for the next three to four weeks. Take a look: Following its double top formation near the ₹4,900-4,800 zone, Navin Fluorine International has experienced a significant downturn, shedding nearly 2,000 points, equivalent to a substantial 41 per cent decrease in price. However, in the last five to six trading sessions, it has found support near the ₹3,000 mark.

Dolly Khanna portfolio: The Chennia-based ace investor Dolly Khanna's name has appeared in the latest shareholding pattern of Som Distilleries and Breweries Ltd. As per the company's shareholding pattern for the January to March 2024 quarter, Dolly Khanna owns a 1.14 percent stake in the company that has delivered over 90 percent return to its shareholders in one year time.

Read here: Stock market crash today: Why is India stock market down today? Explained with 5 reasons HDFC Securities has recommended five stocks to buy amid market volatility. The Retail Research at HDFC Securities believes these five stocks have the potential to deliver decent returns in a time horizon of 2-3 quarters based on their strong fundamentals.

A notable outflow of Bitcoin from miners could be on the horizon in the months following the upcoming halving event.

Swaminathan Aiyar, Consulting Editor, ET Now, says “the emphasis is on more of the same. The thing is not to be different. The aim of the exercise is saying I am guaranteeing you that I have done so well for you. I am such a fantastic guy, the world looks up to me, I have improved India’s stature in the world, I have defended you against Pakistan, so I am such a great guy. I am giving you more of the same and I am giving my guarantee that I am more of the same. So, the emphasis really is more of the same, I would say, rather than saying how it is different.” Aiyar further says: “In four areas – education, employment, environment, and the police judicial system, major structural reforms are required, but they have not been attempted. And they have not been attempted because they are not easy areas to do. The attempts so far have not got very far. The BJP does not want to rock the boat at this particular point of time, even though it does have the political capital to do so. So, it is not attempting to do structural change in these four very important areas.”

Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed.

NFRA), the regulatory body overseeing auditors and audit firms for listed and large companies, has taken action against Pathak HD & Associates (PHD), the joint auditor for Reliance Capital, formerly an Anil Ambani group company, along with its two auditors. This move comes in response to multiple failures highlighted by the resigning auditor, Price Waterhouse (PW), which also flagged suspected fraud amounting to Rs 12,571 crore by the company. Reliance Capital recently underwent a change in ownership, being taken over by the Hindujas after significant concessions by lenders. This development follows the Reserve Bank of India's decision in November 2021 to replace the board of the Anil Ambani Group company due to governance concerns and defaults in payments.

Sankalp Patra', its manifesto for the Lok Sabha elections, National Conference leader and former Jammu and Kashmir chief minister, Omar Abdullah, on Sunday said it is aimed at the 'destruction' of the erstwhile state. Speaking on Sunday, the former CM said, «I have been busy campaigning since morning. I have not read their manifesto as yet. But from what I have gathered, their manifesto has nothing for Jammu and Kashmir. The BJP's manifestoes have always brought destruction to Jammu and Kashmir.» He claimed that the INDIA bloc will win all five Lok Sabha constituencies of Jammu and Kashmir and one in Ladakh.

Who won yesterday IPL Match? Mumbai Indians (MI) locked horns with Chennai Super Kings (CSK) at home on April 14. Coming from two wins in five matches, Mumbai won the toss and decided to field first. Seasoned Ajinkya Rahane opened the CSK innings with young Rachin Ravindra and was out before adding much to the scoreboard.

Indian Meteorological Department has forecasted a significant increase in daytime temperatures across various parts of Odisha in the next four to five days, with an expected rise of 4 to 6 degrees Celsius. As reported by PTI, the IMD Bhubaneswar in a bulletin said, “This rise in temperature is due to prevailing northwesterly/westerly dry air and high solar insolation." The central forecast anticipates that daytime temperatures will surpass 40 degrees Celsius in numerous regions of the state, while coastal Odisha is expected to see temperatures ranging between 36-38 degrees Celsius in the next two days.

Vermont’s journey to make its auto-IRA program a reality is poised to go much more quickly as the state eyes a key collaboration. Vermont state treasurer Michael Pieciak said it has chosen Colorado to assist in the development of the state’s public retirement program, VT Saves.

seeks to return land to Indigenous people. The Cheyenne River Youth Project announced in an April 11 statement that it purchased the tract of land adjacent to Bear Butte State Park in western South Dakota. “One of the most sacred places for the Lakota Nation is Mato Paha, now part of Bear Butte State Park," the statement said.

Tiger Woods' 100th competitive round at the Masters 2024 golf tournament didn't quite live up to expectations. Despite his remarkable career and past successes at Augusta, this round proved to be challenging for the golfing legend. With a score of 5-over-par 77, Woods concluded the tournament at 16-over par, marking it as one of his least impressive performances at the Masters. This outcome, coupled with finishing last among the 60 players who made the cut, added a somber note to an otherwise illustrious career at Augusta.