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From powders to liquids: Competition heats up in liquid cleaners market in India
India's market sees a surge in liquid cleaners' popularity, driven by ecommerce growth and competition among top companies like HUL, ITC, and Colgate. The trend towards premium, differentiated products reflects changing consumer preferences and aspirations.
Luxury car companies speed up amid SUV road rage'
Luxury car makers such as Mercedes-Benz, BMW and Audi are set to launch several new sport-utility vehicle models over the next three months, hoping to further deepen their foothold in this growing segment fuelled by evolving lifestyle trends and changing preferences of Indias affluent buyers.
Pre-emptive steps, better planning help meet peak power demand in April
India copes with high power demand during heat wave, hitting 224 GW last month. Major load from air conditioners. Heatwave continues till May 6. Majority electricity from coal-based power, with growth in solar and wind power.
RBI's ban to impact reputation of Kotak Mahindra Bank more than financial: Ashok Vaswani
What is evident is that our efforts have fallen short of what the regulator expects. My commitment is to further accelerate our efforts and investments. Winning back the trust and reputation with our customers and regulators is number one priority for me and management, Vaswani said after a board meeting to discuss March quarter earnings.
Warren Buffett takes stage at Berkshire meeting, pays tribute to Munger, cuts Apple stake
At Berkshire Hathaway's annual meeting, Warren Buffett celebrated Charlie Munger, discussed growing earnings, and addressed the $189 billion cash pile. Shareholders eagerly awaited insights on Berkshire's future direction and succession plan.
'Does not feel good': Kotak Mahindra CEO expects bank to 'come out OK' after RBI torpedo
Kotak is already working with the RBI to appoint an external auditor for IT systems and the process should be completed soon, said Ashok Vaswani.
Volkswagen strengthens retail footprint with new store in Tamil Nadu
The Chennai Metropolitan area is one of the key markets for Volkswagen in India. In 2023, our Virtus was one of the highest-selling sedans in this market. With this inauguration of our newest touchpoint in Chennai, we are emphasising our commitment to the rising need for premium, safe, and reliable vehicles throughout India.., Volkswagen Passenger Cars India Brand Director Ashish Gupta said in a company statement on Saturday.
As the Reserve Bank of India kept the repo rate at the same level, many banks have tweaked their fixed deposit rates to attract customers.
How to add nominee to demat account online
How to add nominee to demat account online
Income tax: Home loan benefits when two houses are self-occupied
There is no restriction on the number of houses a person can own under the provisions of the Income Tax Act. Likewise, there is no restriction on the number of houses a person can avail of the tax benefits for a home loan
Experts suggest to build a corpus for retirement, it is important to increase the amount invested in the SIP as per growth in income.
The Finance Act 2023 has made the new tax regime as the default tax regime for FY 2023-24 (AY 2024-25). The taxpayers can switch between the old and the new tax regime on a year-on-year basis.
PM Kisan Samman Nidhi Yojana: How to update eKYC online
Indian investors should think about bond investments, say experts; here's why
SEBI's move to reduce the face value of debt securities from 1 lakh to 10,000 has made bonds more accessible to retail investors, potentially increasing their involvement in the corporate bond market and improving liquidity.
Income Tax: As ITR forms enabled to file returns, check here which form you would require
The income tax (I-T) department has released the excel utility of ITR-6 for AY 2024-25. Prior to this, the department enabled the excel utility of ITR-1, ITR-2 and ITR-4 for AY 2024-25.
Top 10 equity mutual funds which delivered highest returns in April
There were around 488 equity schemes in the market.
Good news for pensioners! Centre launches Integrated Pensioners Portal. Check details here
In a statement, the Department of Pension and Pensioners Welfare (DoPPW) said Integrated Pensioners Portal has been launched to digitalise pension services and enhance the welfare of pensioners.
The Fall Guy: Valuable money lessons from Ryan Gosling's new film
The film The Fall Guy features non-stop action and witty repartee, paying homage to unsung heroes who perform stunts. It also highlights the importance of giving credit to those who support your financial journey.
Cards this week: YES launches Pi, Phi credit cards, cashback update on RuPay-JCB cards
YES Bank has launched two Pi and Phi co-branded cards that have unique features and benefits.
Britannia Industries declares a final dividend of Rs 73 per share
The profit figure was down 3.6% versus Rs 558.66 crore reported in the year-ago period.
4 equity mutual funds offered over 30% returns in 3 & 5 years
Around 185 equity schemes have completed five years in the market.
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
Early filing can help taxpayers get refunds sooner. Additionally, it gives them more time to revise or correct returns without penalty, say experts.
Sebi announces new rules for onboarding of clients by portfolio managers an explainer
Before onboarding, a portfolio manager and the client will enter into a written agreement that clearly defines the relationship and sets out their mutual rights.
Axis Nifty Bank Index Fund opens for subscription. Key things to know
Renewable energy accounted for 71 per cent of India's new power generation in FY 24
India's total installed energy capacity has now reached 442 GW, with RE comprising approximately 33 per cent (144 GW) and hydro contributing 11 per cent (47 GW), according to the report by CEEW Centre for Energy Finance (CEEW-CEF).
FM Sitharaman refutes reports of income tax changes after Lok Sabha election results
Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results.
Renewable energy accounted for 71% of Indias power generation capacity addition in FY24: Report
Latest edition of the CEEW-CEF Market Handbook, says share of coal and lignite in Indias total installed capacity fell below 50% for the first time.
Mutual Fund KYC: Here's how to verify your status online and fix gaps
Sebi, it is directive, said that from April 1, investors with an 'on hold' KYC status will not be able to carry out any transactions in mutual funds. This includes investing in new mutual funds or redeeming units from existing mutual funds.
10 equity mutual funds deliver over 25% returns in 2024 so far
Step-by-step guide to unlock your Aadhaar
Transferring money to your spouse for groceries and other bills typically flies under the tax radar. But anything beyond that may land you in the tax net
Earn 7.7% interest rate on NSC: Tax benefits, lock-in, how to invest in National Savings Certificate
How to generate debit card PIN through SBI customer care number
How to generate debit card PIN through SBI customer care number
Best small-cap funds to invest: 4 small cap funds with up to 35.93% returns in 3 years
Before you take the decision to repay the home loan you need to take into account the future needs for funds for known reasons as well as for any emergency.
ITR-4 Form (Sugam): What is ITR-4, who should file and how to File ITR-4 for AY2024-25
From April 1, 2024, the Income Tax Department enabled the online income tax return forms, ITR-1, ITR-2 and ITR-4, for FY 2023-24 (AY 2024-25) on the e-filing portal. That means those who have all the details can file their ITRs.
Max Healthcare shares up 0.01% as Nifty falls
The stock quoted a 52-week high price of Rs 909.0 and low of Rs 468.0.
Vodafone Idea target price: For BofA Securities, VIL is not a Buy as it is further awaiting clarity on funding position improvement post FY26 as the spectrum moratorium ends.
What are the effects of credit counselling on your CIBIL score?
Credit counselling entails a number of sessions where you receive guidance on managing your finances, creating a budget, and developing strategies to repay debt. Putting this advice in practice can lead to better financial habits, which may eventually improve your credit score.
Balance transfer: How does it help improve your CIBIL score?
Balance transfer can be a useful tool to manage debt and improve your credit score. It should not be seen as a quick fix since improving your credit score takes time and regular financial management habits.
5 game-changing trends in personal loans
Personal loans are becoming more attainable, user-friendly, and customized to suit individual requirements. Furthermore, in areas such as India, the utilization of data analytics for credit evaluation and a concentration on simplified loan solutions in rural sectors are burgeoning trends.
Can I get a personal loan to pay off student loans? MintGenie explains
Although using a personal loan to settle your student loans may seem feasible, many lenders might reject your application if they discover that the loan will be utilized for this specific purpose.
Thematic funds catch the eye of investors, draw Rs 1.22 lakh crore in FY24
Assets under management (AUM) of this equity category in FY24 soared by 1.22 lakh crore to 2.93 lakh crore from 1.7 lakh crore a year ago - the highest growth in assets under management (AUM) collected by any equity category in this period.
RBI lifts restrictions on Bajaj Finance's eCOM, Insta EMI card with immediate effect
On November 15, 2023, the RBI ordered Bajaj Finance to stop sanction and disbursal of loans under its two lending products eCOM and Insta EMI Card, with immediate effect.
ChatGPT advises investors with high risk appetite to invest in cryptos. Should you take the plunge?
Open AI-founded chatbot tells investors with a high risk appetite to opt for cryptos since the market is highly speculative and volatile. The popular options are bitcoin, Ethereum and other altcoins.
Hold a joint mutual fund account? Sebi makes the nomination process voluntary. Details here
Exactly two months before the expiry of the deadline for nominating a nominee for mutual fund folios, Sebi made the process optional for investors who hold accounts in joint mutual fund folios
Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share
The acquisition process is expected to get completed by Q2FY25.
ICICI Bank, Axis Bank among 5 stocks with top long unwinding
In Thursday's trading session, five stocks witnessed a top long unwinding.
How life insurance policies still take advantage of tax loopholes
Whatever premium-payout combination one designs, the point remains that the IRR in traditional life insurance plans tends to be poor.
. Read more on Must Watch by NDTV Profit.
Federal Bank Q4 Results: Net profit flat at Rs 906 crore
The bank's operating profit for the quarter was lower at Rs 1110 crore due to 41% higher operational expenses including Rs 162 crore one-time pension-related staff cost, offsetting 15% higher net interest income at Rs 2195 crore, its highest ever.
Consolidation continues in banking stocks; Nifty Bank support placed at 49K: Experts
The Nifty Bank witnessed selling pressure around its critical resistance level of 49,500, but it managed to hold on to 49,000-49,200.
12 mutual fund NFOs launched in April; 7 index funds offered
Of the 12 NFOs, three schemes are still under their NFO period. Here is the category-wise break up of new funds launched.
Are your mutual funds liquid? 5 things to know
Bank holidays in May 2024: Check state-wise list
Bank holidays in May 2024: Check state-wise list
The evolution of bond investment in India: Sachetization and its implications
In its meeting on 30 April, the board of Sebi approved the proposal to reduce the minimum ticket size for privately placed listed bonds to only Rs10,000 from Rs1 lakh earlier. Let us understand why it was done and what implications this has for investors, bond market, and issuers.
Form 16 is essential for individuals earning a salary as it gives the whole breakup of Tax Deducted at Source (TDS), providing a comprehensive overview of an employees earnings, including salary, allowances, and additional perks, throughout a given financial year.
Info Edge shares gain 0.16% as Sensex rises
A total of 1,247 shares changed hands on the counter till 01:44PM (IST)
Girish Mathrubootham steps down as CEO of Nasdaq-listed Freshworks, stock plunges over 25%
Girish Mathrubootham has stepped down from the position of Freshworks Inc's chief executive officer (CEO) and the company has appointed Dennis Woodside as the new CEO & President, effective from May 1.
Hindu New Year 2024: Secure your future with 9 financial planning rules
The start of a new financial year presents an ideal opportunity for a fresh beginning in your finances. Its a moment to capitalize on renewed motivation and implement essential financial planning principles.
Brokewell belongs to a previously unseen malware family with a wide range of capabilities and can conduct full or part device takeovers, said Forbes.
These 5 equity mutual funds lost more than 5% in April
Around 75 schemes offered negative returns in April, according to the data by ACE MF.
Insider trading refers to the buying or selling of a publicly traded company's stock by someone who has non-public, material information about that stock. Participating in insider trading, whether knowingly or unknowingly, can have serious implications for demat account holders in India.
Aditya Birla Sun Life Mutual Fund launches Nifty PSE ETF
The new fund offer or NFO of the scheme is open for subscription and will close on May 16. The scheme will re-open for continuous subscription and redemption within five business days from the date of allotment.
Titan Q4 Preview: Profit, revenue seen rising in high double-digits
Titan Company anticipates robust Q4 earnings with strong growth in revenue and profit. The jewelry segment drives sales, with adjustments made to manage margin impact. International business expansion and GP margin decline are key areas to watch.
Colgate-Palmolive shares up 0.89% as Nifty gains
A total of 2,991 shares changed hands on the counter till 11:31AM (IST).
IPL 2024: 6 crucial financial lessons to learn
The IPL season provides valuable insights for investors, adding an extra dimension of excitement to watching the matches.
Godrej Consumer shares up 0.78% as Nifty gains
A total of 12,952 shares changed hands on the counter till 10:45AM (IST).
Is your bank taking you for a ride over loan taken? From October, look for this key metric
The RBI directed banks toprovide borrowers with an annualised percentage rate (total cost of loan) to enhance transparency and empower borrowers to make informed financial decisions. In simple terms, APR will comprise not just therate of interestbut also all other loan-related costs.
7 ways to use your annual bonus to accelerate your financial planning journey
Some ways of using your annual bonus include treating yourself, repaying high-cost debt, emergency fund, upgrading skills, tax planning, financial goals, home loan prepayment, etc.
Buy Can Fin Homes, target price Rs 840: Axis Securities
Can Fin Homes Ltd. key Products/Revenue Segments include Interest and Fees & Commission Income for the year ending 31-Mar-2023.
10 essential tips every retail investor should know for financial success
Patience is crucial for investors during uncertain times, offering long-term returns. Retail investors should prioritize transparency, network building, and understanding market risk to maximize investment potential.
Bajaj Finance Stocks Live Updates: Bajaj Finance Closes at Rs 6923.55 with Weekly Return of -5.45%
How to amass a 1 crore corpus for buying a home
Your plan to step up the SIPs every year to build a downpayment corpus is good as you would have been able to reach around 44-48 lakh with the present monthly investment of 40,000 per month for the next 6 years, if we assume an annual return of 10-12%.
One can aggressively explore investment options like fractional real estate or Securitised Debt Instruments (SDIs).
Health insurance for seniors: Will the premiums go up by 15%? Here's what experts feel
In April, IRDAI asked insurance companies to offer their usual health policies to everyone, including senior citizens, students, and children. This comes after the BJP, in its election manifesto., declared that everyone over the age of 70 years would be brought under the governments Ayushman Bharat health insurance scheme.
Retirement planning: 5 reasons to invest in NPS
The NPS for the general public completes 15 years this week. Here are five reasons why you should invest in it.
Is there a place for both active and passive index funds in your MF portfolio?
It is still early days in India for passive funds, but without doubt, there is a growing interest.
Should you file income tax returns in April or wait until July 31? Here's what experts say
If there are any discrepancies or missing documents, you have enough time to sort them out. This proactive approach can save you from last-minute hassles and potential penalties.
How choosing an investment adviser helped this Mumbai family manage its finances
Balpreet Singh's family opted for structured financial planning under the guidance of a fee-only registered investment adviser
How to get SBI Education Loan Certificate in 5 easy steps
How to get SBI Education Loan Certificate in 5 easy steps
Mutual fund re-KYC process effective from April 1, 2024; all you need to know
How to claim refund for tax deducted on fixed deposit interest by the bank?
A senior citizen can submit form No. 15 H if the total tax on her income is nil
An SIP of Rs 50,000 a month can help you accumulate Rs 5 crore: Here's the hack
As per the FundsIndia Research Report, by investing Rs 50,000 per month with a 10% annual increase in contribution, you can achieve your first Rs 80 lakh in 7 years at an assumed rate of 12%.
Tax calendar for May 2024: Crucial dates for tax submission taxpayers should note
Income Tax Calendar May 2024: May is a critical month for financial compliance, encompassing the deadlines for depositing deducted or collected taxes, issuing TDS certificates, and submitting various financial statements.
