Maxim Financial News

By Elizabeth Howcroft and Medha Singh

Academy Securities Head of Macro Strategy Peter Tchir says weakness in the economy and a «very nervous» market indicate a recession is coming on «Making Money.»

premature withdrawal and paying penalties Bank FD laddering is a technique that involves buying multiple FDs maturing in different time periods. Personal Finance experts suggest that investors seeking to invest in bank fixed deposits for a longer period may consider a ladder strategy. “The FD laddering strategy, outlined by industry experts, presents a valuable approach for optimising these investments," said Amit Gupta, MD, SAG Infotech.

MUMBAI : The founders of Great Learning are trying to line up investors to buy back the online education provider from Byju’s, two people aware of the discussions said. The management buyback will allow the founders to continue to run the firm and receive equity payouts in return. The proposed buyback follows Byju’s efforts to monetize some of its assets to repay its lenders.

I am 27-year-old working for a multinational company (MNC), drawing a net salary of ₹1.4 lakh per month. My annual income is ₹22.3 lakh, of which my taxable income is ₹15.5 lakh. My tax-savings come from section 80C instruments, where I utilize the maximum limit of ₹1.5 lakh per annum (p.a.), and exemption from house rent allowance (HRA) is ₹2.8 lakh p.a. There is professional tax of ₹2,400 p.a. I have also purchased a flat for which I have taken a home loan of ₹36 lakh at 9.2% interest rate. My equated monthly instalment (EMI) comes to ₹30,000. How can reduce my taxable income further? —Name withheld on request Salaried individuals try and maximize their tax savings by claiming various exemptions and deductions while computing taxable income.

Savvy Advisors has added two new principal wealth managers to its growing network of advisors attracted by its technology platform.

A little outdoors goes a long way, and America’s national parks and outdoor spaces are some of the most stunning on the planet

Investing.com — US crude oil stockpiles possibly fell as much as 4.0 million barrels last week while inventories of gasoline likely rose by an almost similar level of 3.9 million, as refiners appeared to maximize fuel production due to lucrative returns, petroleum trade group API reported Tuesday.

₹153.6 crore, according to Tuesday’s volume-weighted average price of Adani Enterprises. "This strategic increase reflects IHC's conviction in the world-leading incubation model of AEL," IHC said in a statement to the Abu Dhabi stock exchange. IHC also highlighted the inherent strength of AEL's airports, data centers, green hydrogen and other businesses, and its ability to capitalize on India's robust growth journey.

Investing is essential to optimise returns and outpace inflation in order to attain our goals across various life stages. Our investment strategy evolves in line with our financial objectives, income level, and age, allowing us to tailor our financial planning accordingly. Fixed Deposits (FDs) have long been a favoured investment choice for risk-averse Indian consumers. However, with varying tenures and interest rates, navigating the FD landscape can be challenging. This is where FD laddering comes into play.

Binance has rolled out a new referral scheme targeting users in the Africa region. The promotion, which runs from September 18, 2023, 11:00 (UTC) to October 2, 2023, 11:59 (UTC), offers participants a chance to share a total reward pool of 17,500 USDT in token vouchers.

When investors consider fees, they often choose to avoid funds of funds. However, a recent analysis from Opto Investments, a fintech company for RIAs, says that funds of funds might actually be worth considering.

Mumbai/New Delhi: Retailers and logistics service providers are struggling to strike a balance between hiring contract workers to maximize festive season sales and reducing costs, amid efforts to boost last-mile connectivity after two quarters of muted sales. While firms are rolling out marginal hikes for their sales teams, recruiters said they are seeking to hire contract workers at minimum wages. Therefore, getting manpower across states is becoming a challenge, they added.

Morgan Stanley’s 15,000 financial advisors will have to work harder in 2024 and generate more revenue to earn the same amount of take-home pay as they did this year.

media buying agency in India. With a commitment to innovation, efficiency, and customer-centric strategies, MediaCoverage.io is transforming the way brands maximize their outreach and impact in the Indian market. Data-Driven Decision Making: MediaCoverage.io leverages cutting-edge data analytics and market research tools to provide brands with deep insights into their target audience's preferences and behaviors.

(Reuters) -Agricultural machinery maker AGCO Corp said on Thursday it would acquire an 85% stake in GPS navigation products maker Trimble's agribusiness for $2.0 billion in cash.

Britain has given the go-ahead for a major oil and gas project in the North Sea, ignoring warnings from scientists and the United Nations that countries must stop developing new fossil fuel resources if the world is to avoid catastrophic climate change

McKinsey & Co has agreed to pay $230 million in its latest settlement to resolve lawsuits alleging it fueled a US opioid epidemic through its role advising drug manufacturers, according to court documents filed Tuesday. Thousands of lawsuits, brought by US local governments, schools, Native American communities, and parents on behalf of children born with withdrawal symptoms, accused McKinsey of strategizing with drug manufacturers to aggressively market prescription opioids «to maximize opioid revenues», the filings showed. McKinsey will pay $207 million to resolve claims by counties and municipalities, and $23 million to resolve claims by public school districts. Opioids are the main cause of drug overdose deaths in the United States, according to the US Centers for Disease Control and Prevention, with more than 75 percent of all drug overdose deaths in 2021 linked to them. McKinsey had already paid more than $640 million in 2021 to resolve lawsuits raised by 50 state attorneys-general over its work for bankrupt OxyContin maker Purdue Pharma and others. Tuesday's court filing said McKinsey had created and implemented marketing strategies for Purdue «before and after» the manufacturer's first guilty plea in 2007 relating to misbranding of OxyContin. The settlement still requires a judge's approval. McKinsey has consistently maintained its past work was lawful, but firm has said it ceased to advise clients on opioid-related business in 2019. «We did not adequately acknowledge the epidemic unfolding in our communities or the terrible impact of opioid misuse and addiction on millions of families across the country,» it said in a statement released in in 2020. «That is why last year (2019) we stopped doing any work

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Chinese e-commerce company Alibaba says it will spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong

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