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Best small-cap funds to invest: 4 small cap funds with up to 35.93% returns in 3 years
ADB open to funding space sector in India: VP Bhargav Dasgupta
The Asian Development Bank is open to funding the space sector in India in addition to focusing on climate finance to mitigate the associated risks, said its Vice President Bhargav Dasgupta on Friday. ADB has done some projects in satellite in the Asia Pacific region, but has not provided any assistance in the Indian space sector.
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.
CBSE Board Exam Results 2024 expected next week; Here's all you need to know
CBSE is expected to announce the results of Class 10 and Class 12 board exams 2024 next week, with no official confirmation yet. Approximately 39 lakh students from 26 different countries appeared for the exams. Websites like cbseresults.nic.in and results.cbse.nic.in will host the results. Students can check their results by entering their roll number and date of birth.
Physical gold vs gold mutual funds vs SGBs: What should you be going for?
In the case of physical gold, the expected returns would depend on the current gold price. For gold ETF, the value would depend on the price of the ETF.
CapitaLand India Trust to acquire 2.5 million sq ft of IT buildings at HITEC City, Hyderabad
CapitaLand India Trust (CLINT) has partnered with Phoenix Group to acquire two IT buildings in HITEC City, Hyderabad, with a total leasable area of 2.5 million square feet. The acquisition is expected to increase CLINT's earnings and distributions for Unitholders, with a pro forma net profit of around S$4.5 million2 on a stabilised basis
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.
Max Estates to develop 4 million sq ft in Gurgaon, targets Rs 9,000 crore revenue
Max Estates, part of the Max Group, seals a joint development deal for 18.23 acres in Gurgaon, adjacent to existing land, with a potential revenue of Rs 9,000 crore. With an eye on the Delhi NCR market, it's poised to launch a pioneering Intergenerational residential community, aiming for a revenue of Rs 4,000 crore.
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.
VITEEE 2024 Results Announced: Here's how to check your score and what's next
VITEEE 2024 Results: Vellore Institute of Technology has declared the results for the VITEEE 2024, which can be accessed on viteee.vit.ac.in. The exam, held between April 19 and 30, is for admission to undergraduate engineering programs at VIT's campuses. The selection is based on performance in subjects like Mathematics/Biology, Physics, Chemistry, Aptitude, and English. The counselling process, based on rankings, will soon commence for candidates who qualify. The results announcement marks an important step towards the counselling process.
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.
RBI imposes monetary penalty on Satara Sahakari Bank Limited
According to RBI, the penalty, imposed by an order dated April 29, 2024, has been invoked under the powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.
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.
High-powered committee to implement breaks for food, nature's call for train drivers
The Ministry of Labour has constituted a high-powered committee to work out the modalities o provide defined time intervals for food and attending calls of the nature while on duty for the Loco Running Staff of the Indian Railway. The initiative is in line with the International Labour Organisation's (ILO) Hours of Work (Industry) Convention, 1919, which has been ratified by India.
Brick by brick, Pirojsha changed the realty game
Pirojsha Godrej's strategic leadership at Godrej Properties during the global financial crisis led to innovative approaches like joint developments and a capital-lite model. His focus on efficiency and immediate project launches propels the company's growth.
Rising heatwave could set AC costs of telecom towers soaring
Rising temperatures in India are expected to increase air-conditioning costs at telecom tower installations, potentially impacting the operational expenses of telecom operators. If heatwave conditions persist, telcos could face a 3-5% rise in power and fuel costs for air-conditioning mobile base stations, crucial for uninterrupted mobile connectivity. Power and fuel costs already make up a significant portion of telcos' network operating expenses.
Govt calls meet to discuss measures to bring gloves under quality control
Union government's high-level meeting aims to address the issue of substandard glove imports from Southeast Asia, focusing on implementing quality control orders for surgical gloves to ensure better standards in the domestic market.
Citroen bets on 'Basalt' to boost India play
French carmaker Citroen aims to revive its fortunes in India with the Basalt, a mid-size coupe SUV set to launch in the second half of this year. The Basalt incorporates lessons learned from Citroen's experience in India, a market it considers challenging yet crucial. Citroen's existing models like C3, e-C3, and C3 Aircross faced lukewarm response due to feature gaps compared to rivals. The Basalt, produced in India and exported to South America, aims to address these gaps.
Delhi Court stays ICAI move to bar EY affiliate firms, partners
Delhi High Court issued stay order against ICAI regarding actions on EY affiliate firms. Partners barred, fines imposed, partnerships terminated, retired partners affected. Investigation into Big Four ongoing, violation of Chartered Accountants Act cited, email IDs linkage issue addressed.
India's mineral production rises 8 pc in Feb
India's mineral output surged 8% in February. The mining index reached 139.6, up by 8%. April-February growth stood at 8.2%. Key highlights include gold production, copper conc growth, and negative growth in iron ore, lead conc.
Expect India to become 2nd largest market for Citroen after France in 5yrs: CEO Thierry Koskas
Citroen plans to boost its presence in India, aiming to become the second-largest market after France. The automaker will focus on network expansion, introducing new products, and enhancing brand awareness to achieve its growth targets.
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.
Gujarat Toolroom acquires 65-acre land for Rs 570-cr hybrid energy project
Gujarat Toolroom invested Rs 572 crore in a 65-acre Gujarat land for a green energy project. The Hybrid Power Plant, with solar panels and wind turbines, aims to contribute 97.5 megawatts of sustainable electricity.
RBI lifts restrictions on Bajaj Finance's eCOM, Insta EMI Card with immediate effect
The Reserve Bank of India (RBI) has lifted the restrictions on Bajaj Finance's eCOM and online digital Insta EMI Card with immediate effect, according to an exchange filing by the company. The RBI's decision follows the remedial actions taken by Bajaj Finance. Consequently, the company will resume the sanction and disbursal of loans in these two business segments, including the issuance of EMI cards.
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.
Tesla Inc., a prominent US electric vehicle (EV) manufacturer, has filed a complaint in the Delhi High Court against Gurugram-based Tesla Power India for allegedly infringing on its trademark 'Tesla.' The company seeks to restrain Tesla Power from using its trademark, citing confusion among consumers and potential harm to its business interests. Tesla Inc. claims that complaints regarding Tesla Power batteries are being mistakenly directed to them due to the similarity in branding.
Adani Green Energy secures $400 mn from international banks for 750 MW power projects
Adani Green Energy Ltd (AGEL) has secured USD 400 million financing from a consortium of five international banks for its upcoming solar projects totaling 750 MW in Gujarat and Rajasthan. These projects are slated to commence operations from November 2024 onwards. One of the projects, a 500 MW capacity development in Rajasthan, has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI).
Blaze in NTPC's superthermal power plant in Jharkhand: NGT issues notice
NGT requests responses from authorities, including NTPC's plant head, on a recent fire incident at a 660X3 MW coal-based power plant in Jharkhand's Chatra district, emphasizing environmental norms compliance.
Savills to triple its business in India in 3 to 5 years
Savills targets tripling business in India over 3-5 years, focusing on acquisitions in facility management. Top markets are UK, US, China, and Southeast Asia. Growth hubs include Bangalore, Delhi, Hyderabad, Mumbai, and Kolkata.
Minor Hotels targeting 50 new openings in India in within the next decade
Minor Hotels, a global hospitality operator, plans to significantly expand its presence in the Indian market by opening 50 new properties within the next decade. Focusing on upper-upscale and luxury segments, it aims to leverage its Anantara, Avani, and NH Collection brands. The group will prioritize greenfield developments in emerging locations, emphasizing partnerships with aligned values.
Ujjivan Small Finance Bank appoints Carol Furtado as executive director
Carol Furtado appointed as executive director at Ujjivan Small Finance Bank for three years from May 1, approved by RBI. With 29 years in banking, she played key roles in the bank's development.
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
IndiGo announces bonus for its employees
IndiGo, India's largest airline, is set to return to full-year profitability in FY 24, following a challenging period due to the pandemic. The company has announced a bonus for its employees equivalent to one and a half months' salary. The surge in domestic passenger numbers has contributed to IndiGo's quicker recovery compared to other global airlines. Its shares have witnessed significant gains, with analysts expecting a profit between Rs 7,500-8,000 crore in FY 24.
Maiva Pharma raises Rs 1,000 cr from Morgan Stanley PE and India Life Sciences Fund
Maiva Pharma has raised Rs 1,000 crore from Morgan Stanley Private Equity Asia and India Life Sciences Fund, including both primary and secondary funding. The funds will be used to set up a new manufacturing facility near Karnataka's Hosur, with capabilities in sterile dosage forms, including pre-filled syringes, bags, oncology, and hormonal injectables. Maiva's complex injectables development and manufacturing capability, strong compliance and regulatory standards, and transparency differentiate the company from competitors.
Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share
The acquisition process is expected to get completed by Q2FY25.
Fin inclusion, digital growth to drive payments bank momentum in India: Airtel Payments Bank CEO
Airtel Payments Bank CEO Anubrata Biswas is optimistic about the growth prospects of payments banks in India, driven by financial inclusion initiatives and rapid digital growth. Airtel Payments Bank has seen significant growth in users, revenue, and profits in FY24 and has nearly 500,000 banking points nationwide. The bank offers digital banking solutions and financial services targeting urban, rural, and business segments.
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.
Electric bike sales decline 50% in April amid subsidy changes
Electric two-wheeler sales in April dropped by 50% due to subsidy changes. Ola Electric led with 33,000 units sold out of the 64,000 total EV scooter sales. Companies like Bajaj, TVS Motors, and Ather Energy also felt the impact.
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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.
UPI transaction volume declined to 19.64 lakh crore in April. Check Details
In terms of number of transactions, the figure declined to 13.30 billion in April from 13.44 billion in the preceding month
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
Energy storage systems important to increase share of RE in power generation: ICRA
India aims for 40% renewable energy by FY2030, driven by RE capacity growth. Energy storage systems, especially BESS and PSP projects, play a crucial role in managing power intermittency, ensuring grid stability, and shifting peak loads to support the transition.
Vodafone Idea seeks Rs 15,000 cr loans in next two years
Vodafone Idea Ltd. plans to secure loans totaling 150 billion rupees ($1.8 billion) from lenders over the next two years. This is part of a larger strategy to raise 250 billion rupees in debt to repay creditors, roll out 5G, and bid for additional spectrum, following a recent $2.2 billion share sale.
Dabur explains why rural demand for its brands is growing at a faster clip than urban
FMCG giant Dabur has revealed that it has been investing in expanding its rural footprint which has driven the demand for its brands better by nearly 400 bps than in urban areas, the company said in a media release on Thursday.
Federal Bank CEO search in final stages, discloses MD Shyam Srinivasan
Federal Bank plans to present a roster of potential candidates for the managing director role to the RBI soon, though their identities remain confidential. Shyam Srinivasan, the managing director, confirmed the advanced stage of the selection process.
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.
Vikram Solar gets 250 MW module supply order from Gujarat Industries Power Company
Vikram Solar has secured a 250 MW solar module supply order from Gujarat Industries Power Company Ltd (GIPCL), under the government's Approved List of Models and Manufacturers. The high-efficiency, bifacial modules will be manufactured, tested, and installed at a renewable energy park near Khavda, Gujarat.
A report by the Asian Development Bank (ADB) highlights India's low health insurance coverage for older people, emphasizing the need to expand universal health coverage. While countries like South Korea and Thailand have achieved universal coverage, India lags behind, with only 21% of older people covered. The report acknowledges the positive impact of schemes like Ayushman Bharat but calls for further expansion to improve the well-being of older individuals and enhance their productivity for the economy. It also stresses the importance of extending essential services to optimize older people's physical and functional capacity.
IIFCL AMC, 4 others settle mutual fund violation case with Sebi; pay Rs 1 cr
IIFCL Asset Management Company along with four individuals have settled with Sebi a case pertaining to alleged violation of mutual fund norms after paying Rs 1.02 crore collectively towards settlement charges.
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)
Surge in tobacco prices benefits Andhra Pradesh growers
Local auction prices have surged to nearly all-time highs, reaching Rs 280 to Rs 290 per kg and are expected to exceed Rs 300 per kg in the coming weeks, as per the TOI report. This represents a substantial increase of about 30% from farmers' initial expectations. The sudden rise in prices can be attributed to the influx of local and small players offering competitive bids at auctions.
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.
Adani Ports and Special Economic Zone handles 36.2 MMT cargo globally in April
Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 12% YoY growth in April, handling 36.2 million MMT of cargo across most domestic ports. The growth was recorded across dry (+7% YoY), liquid & gas (+29%), and container (+14%) categories. APSEZ, part of Adani Group, is India's largest port developer and operator.
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.
Got laid off? Here's what you need to keep in mind to ensure your daily expenses don't get hit
Prioritize essential expenses and cut back on non-essentials. This might be the hardest part of dealing with job loss, but it is also the most crucial.
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.
Kia India announces partnership with Map My India to offer navigation solutions
The platform's database covers over 450 categories of four-wheeler-specific points of interest, facilitating the seamless discovery of crucial locations such as dealerships, service centers, fuel stations, hospitals, hotels, and restaurants.
DFM Foods, a packaged snacks maker, has shifted its focus from Rs 5 packs to larger packs of Rs 10 and Rs 20, in line with evolving consumer trends. This move is driven by urban demand, quick-commerce, and surging packaging costs. DFM has accelerated operational efficiencies and expanded distribution beyond the North to the East, with territories like the West and South expected to follow.
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.
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).
The 80-20 investor Arun Kumar on why saving has become so hard
Arun Kumar said a few years ago, he noticed a strange pattern in his behaviour that led to him decoding the fact that saving is super boring and extremely hard even though everyone understands the importance of saving.
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.
Controversy over Indian spice quality led to state testing. MDH, Everest banned in Hong Kong, Singapore. Spices Board and FSSAI initiated sampling. Quality checks urgently needed.
WB Madhyamik 10th Result 2024 Out: Here's how to check the results online
Madhyamik Class 10th Result 2024: The West Bengal HS Result 2024 was declared declared earlier today. Students can check their results online on the official websites. The grading system for the West Bengal 12th Result is also explained, with grades ranging from A+ to D. Additionally, The Times of India will host the West Bengal Board class 10th results 2024 on its portal.
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%
TDP banking on alliance partners to defeat YSRCP MP in Vizianagaram
TDP gave its ticket to Kalisetti Appalanaidu, who had previously headed TDPs North Andhra internal training centre against YSRCPs Bellana Chandrasekhar
Garmin's Q1 Results: Company beats St estimates on strong demand for fitness, auto products
Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%.
Five-Star Business Finance Q4 Results: PAT jumps 40% YoY to Rs 236 crore
Total disbursements made during the quarter under review grew by 20 per cent to Rs 1,336 crore, from Rs 1,110 crore registered in the same period of last year.
DGCA de-registers all 54 of GoFirst's planes after Delhi HC order
The National Company Law Tribunal (NCLT) on April 8 gave another 60-day extension to Go First to complete its insolvency process, which was the third extension sought by Go First.
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.
