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Buffett reassures about Berkshire's future, praises Apple even as he sells it
Warren Buffett paid tribute to his late business partner Charlie Munger at Berkshire Hathaway's annual meeting on Saturday, while reassuring shareholders that the executives expected to succeed him were ready for the job.
Kotak Bank Q4 PAT up 18%, MD says mitigating RBI action is priority
NII up 13% and NPA ratio improves
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.
IDBI Bank Q4 net profit jumps 44% to 1,628 crore
Total income rose to Rs 7,887 crore in the period under review, from Rs 7,014 crore in the January-March period of fiscal year 2022-23
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.
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.
SBI Senior Citizen FDs: What Rs 2 lakh investment in 1-year, 3-year, and 5-year FDs will give you
Investors also get an income tax exemption on deposits up to Rs 1.50 lakh in five-year FDs.
Buying digital gold in Akshaya Tritiya? 5 things to know
Earn 7.7% interest rate on NSC: Tax benefits, lock-in, how to invest in National Savings Certificate
Best small-cap funds to invest: 4 small cap funds with up to 35.93% returns in 3 years
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.
5-year FD vs Top Retirement Mutual Fund: Which option has given more returns on 5-year investment
The five-year FD provides a tax exemption of up to Rs 1.50 lakh on deposits under Section 80C of the Income Tax Act. On the other hand, mutual funds are market-linked programmes where funds invest their money in equities, debts, corporate bonds, and government securities.
Smriti Irani has invested in this ELLS mutual fund; see how Rs 10K SIP has grown in 5 years
Smriti Irani has invested in Motilal Oswal Tax Saver Fund among other funds. It is an Equity Linked Savings Scheme (ELSS) fund, which provides tax benefits of up to Rs 1.50 lakh under Section 80C of the Income Tax Act.
IIFCL AMC, four others settle case with SEBI by paying 1.02 crore
The entities are alleged to have violated mutual fund norms with regard to investments made by IIFCL AMC in various companies such as GVR Infra Pvt Ltd, DP Jain & Co Infrastructure, DPJ-DRA Tollways, Feedback Energy Distribution Company Ltd and Feedback Infra Pvt Ltd
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.
Are your mutual funds liquid? 5 things to know
8th Pay Commission Latest News:In the recommendations of the 7th Pay Commission, the fitment factor was kept at 2.57 times.
Post Office Scheme: Invest Rs 250 a day in this scheme to accumulate over Rs 24 lakh at 40
Post Office Scheme: UnderPublic Provident Fund or PPF scheme, to get Rs 24 lakh, you just need to save Rs 250 every day. This means, you will have to invest Rs 7,500 every month for 15 years.PPF account holders also get the loan facility. You get the loan based on the amount deposited in your PPF account. This loan is cheaper than an unsecured loan.
Gratuity Calculation:An important thing about gratuity calculation is that if an employee works for more than 6 months, it will be calculated as one 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)
EPF: How to create Rs 1.30 crore tax-free corpus starting with basic salary of Rs 20,000
An employee contributes a minimum of Rs 1,800 and a maximum of 12 per cent of their basic salary to their EPF. Their employer in the equal proportion also contributes to the employee account. From the employer's contribution 8.33 per cent goes to the Employee Pension Fund (EPS) and 3.67 per cent goes to EPF.
Godrej Consumer shares up 0.78% as Nifty gains
A total of 12,952 shares changed hands on the counter till 10:45AM (IST).
Mutual fund re-KYC process effective from April 1, 2024; all you need to know
The latest development in the formation of the 8th Pay Commission is a letter written by the Indian Railways Technical Supervisors Association (IRTSA) to the Ministry of Personnel, Public Grievances, and Pensions under the Department of Personnel and Training (DoPT). The letter has requested the ministry to form the 8th Pay Commission.
Income Tax: How are e-filing and e-payment of taxes different? Know details here
Income Tax:E-filing is simply a process of electronically filing Income tax Returns/Forms through the Internet. It can be done through the income tax department's official website.
From commercial LPG price cut to mutual funds KYC guidelines: Check out key financial changes in May
The market regulator Sebi has asked mutual fund investors to ensure that their PAN card and Mutual fund folio have the same name with correct spelling.
Kotak Bank Joint MD KVS Manian resigns with immediate effect
Manians exit leads to leadership restructuring for business segments
5 Top SIP Mutual Funds in India in 5 years: Rs 10,000 SIP in top fund has given Rs 14.44 lakh
SIP provides rupee cost averaging, which means you purchase a net asset value (NAV), or unit, at a different price every investment cycle. When the market is low, the price of NAV is low, when the market is high, the price is high.
Top stocks to buy: 6 stocks to watch out for an upside of up to 21.3%
Increased EMI vs SIP: Which option in home loan will help you save over Rs 14 lakh more?
When you repay a high amount, long duration home loan, the interest you pay can be higher than your principal amount. You can repay your loan early and save a significant amount if you increase the amount of your EMI or run a systematic investment plan (SIP) along with your loan. Know which of the option among two can help you save more money and time.
Corporate Bonds: Bank Fixed Deposits offer conservative returns, typically around 5 per cent to 7 per cent per annum, while Aggarwal informs that corporate bonds yield higher returns, ranging from 7 per cent to 14 per cent per annum based on credit ratings.
Monthly average cash withdrawals went up by 5.51% in FY24: Report
In an annual report, which comes amid bigger strides being made by digital payment modes like UPI that has led to notion of decline in cash usage, the company said monthly average automated teller machine (ATMs) cash withdrawals were at Rs 1.35 crore in FY23.
Dearness Allowance Hike, Children Education Allowance (CEA), Hostel Subsidy, CEA for Divyang children of Government employees, Special Child Care to women with disabilities, 7th Pay Commission:Alongwith the Dearness Alowance hike, the limit of a number of allowances for Central Government employees was automatically raised by 25 per cent after the Dearness Relief (DR) was hiked to 50 per cent from January 1, 2024.
FD Vs NSC Post Office Schemes: Like banks, many types of schemes are run by the post office, in which, one can get good guaranteed returns. Know about two such schemes which provide good interest along with tax benefits.
BRISKPE raises $5 million in seed funding from PayU
BRISKPE has a customer base of more than 1,000 exporters
Step-up SIP: How SIP can double, triple and quadruple your investment; know calculations
Mutual Fund Step-up SIP: When you start investing in a mutual fund scheme through a Systematic Investment Plan (SIP), you invest a fixed amount every month. But if you want, you can also opt for a top-up SIP, where you can increase SIP amount every year. Since you get compound growth in SIP investment, increasing SIP amount every year may help you achieve your investment goal faster and can multiply your money by many times.
Post Office Scheme for Women: Finance Minister Nirmala Sitharaman announced Mahila Samman Savings Certificate (MSSC) in last year's budget. The scheme was started from April 1, 2023. One of the prominent persons in the country to invest in the scheme is Union Minister Smriti Irani, who invested in it last year. Know the special features of the scheme.
