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Investment / Business Today

Rising rates of hypertension driving growth in cardiac drugs market

The growth rate of the market value of anti-hypertensives recorded fluctuations over the years but maintained a stable demand overall, according to Pharmatrac data.

18 May 2024 11:20 am
Lost money via UPI, credit/debit cards, or ATM scams? Dont panic, follow these steps

A key component behind the rapid rise ofUPI, card, and ATM scams in India is the art of social engineering a crafty blend of psychological manipulation and technological trickery. Scammers play on the most basic human instincts: trust and urgency.

18 May 2024 7:59 am
Delhi HC sets aside single-bench order asking SpiceJet to pay Rs 270 cr to KalanithiMaran

SpiceJet and Singh had approached the Delhi HC where they sought to annul the portion of the award which instructed them to refund Rs 270 crore to Kal Airways and Maran.

17 May 2024 7:57 pm
What can be improved about healthcare insurance in India

Addressing the challenges facing healthcare insurance in India requires a concerted effort towards transparency and efficiency.

17 May 2024 6:49 pm
Early retirement: This wealth expert feels you should not retire early but invest for financial freedom

Many experts have been encouraging the pursuit of financial independence, with the objective of achieving early retirement. But many feel this is not a viable option.

17 May 2024 5:29 pm
As EPFO struggles with staff shortage, higher pension subscribers are kept waiting

Almost 18 months after the Supreme Court ruling, subscribers who opted for a higher pension under the Employees' Pension Scheme continue to wait as the EPFO, facing a staff crunch, tries to figure out the math

17 May 2024 3:47 pm
ITR filing AY 2024-25: I-T dept makes changes in ITR-1 for AY2024-25. Check details here

The most common ITR form is ITR-1, which is also known as Sahaj Form. It is meant for resident individuals whose total income for the financial year does not surpass Rs 50 lakh.

17 May 2024 2:41 pm
Zerodha Kite introduces 'Notes' for investors to track stocks. Check feature details

The 'Notes' feature is currently available on the Kite website and will soon be rolled out to the Kite app.

17 May 2024 1:15 pm
Air India flight with 180 passengers collides with tug tractor at Pune Airport

According to reports, the aircraft sustained damage to its nose and a tyre near the landing gear as a result of the collision. Despite the impact, all passengers and crew members were confirmed to be safe by an airport official with no casualties reported.

17 May 2024 11:44 am
Kangana Ranaut has 50 LIC policies: Good or bad idea. Here's what financial experts have to say

While Ranaut's property portfolio consists of real estate investments, her financial portfolio also includes a substantial investment in insurance policies, with a notable holding of 50 Life Insurance Corporation (LIC) plans in her name.

17 May 2024 10:55 am
6 in 10 consumers of online insurance sales platforms experience nagging, subscription: Survey

In October 2023, the Insurance Regulatory and Development Authority of India (IRDAI) formed a taskforce to look into various aspects of the bancassurance channel, including mis-selling.

16 May 2024 8:37 pm
6 in 10 consumers of online insurance sales platforms experience nagging, subscription trap: Survey

In October 2023, the Insurance Regulatory and Development Authority of India (IRDAI) formed a taskforce to look into various aspects of the bancassurance channel, including mis-selling.

16 May 2024 8:37 pm
Air traffic to grow upto 340 million FY25; airlines revenue to grow 15-17%: ICRA

International air traffic that regained the pre-pandemic levels in FY24, is expected to further grow by 10-14% in the current fiscal year.

16 May 2024 6:05 pm
Real estate developers, agents urged to register under RERA: Delhi RERA chairman Anand Kumar

The Act, which became effective from April 30, 2017, was passed with an aim to bring sea changes in an otherwise unregulated industry.

16 May 2024 5:48 pm
Singapore Airlines announces 8 months' salary bonus to employees

SIA's financial performance saw a 24 percent surge in earnings, reaching $2.7 billion for the fiscal year ending on March 31, 2024. This growth was attributed to enhanced operational efficiency, reduced tax expenses, and profits generated from its associate companies.

16 May 2024 4:47 pm
Income Tax Filing (ITR) AY 2024-25: Check the list of important documents you need before filing

ITR document requirements vary from person to person as it depends on the earning sources of the tax filer. The process of filing varies on the type and source of income, including but not limited to salary, business revenue, investment earnings, and other categories.

16 May 2024 4:19 pm
Angel One launches Fin One to enhance financial awareness among Gen-Z and Millennials

Mintel's latest findings reveal that 91 percent of India's Gen Z (aged 18-26 in 2023) are already plotting their future with an emphasis on smart savings for big dreams like homes, flashy wheels, and adventures.

16 May 2024 2:51 pm
ITR filing: How the taxable income is calculated for senior citizens for returns. Check top points here

However, income tax rules offer additional tax benefits to senior citizens. To claim these benefits, the individual must be of the age of 60 years or above but less than 80 years at any time during the respective year.

16 May 2024 2:33 pm
Government struggles to find pharma partners for salmonella vaccine

It has reopened its call for expressions of interest twice in the past three months

16 May 2024 11:31 am
RuPay cardholders can avail cashback on in-store purchases in US, Canada, Japan, Spain, Switzerland, UAE, UK

The offer will be valid from May 15, 2024, to July 31, 2024. The maximum cashback amount per transaction for a card during the offer period will be Rs 2,500.

15 May 2024 8:27 pm
Dr Lal Pathlabs plans for new labs and collection centres in untouched regions

MD Om Manchanda says firm is also looking to expand further into Mumbai and select parts of Maharashtra via Suburban Diagnostics

15 May 2024 7:28 pm
HDFC Life declares all-time high bonus of Rs 3,722 crore for policyholders

In an official statement, HDFC Life said that of the total bonus amount, Rs 2,798 crore will be disbursed to policies in the current financial year, either as maturity bonuses or cash bonuses.

15 May 2024 7:14 pm
ITR: What are the penalties for late filing of returns? Understand tax extensions and their financial impact

As per reports, the total number of income tax returns filed during the Assessment Year (AY) 2022-23 reached 7.51 crores, which is a significant increase from 6.63 crores in AY 2021-22.

15 May 2024 6:13 pm
Gold, silver price on 15 May 2024: Yellow metal prices rise in the last session, hovering around Rs 72,336

In the international market, prices maintained a similar trend, hovering around $2,362.79 per ounce. This indicates a certain level of stability in the gold market.

15 May 2024 6:03 pm
SBI FD interest rates hiked by up to 75 bps; Check new FD rates across tenors before investing

The FD rates were tweaked in the ranges from 0.25 per cent to 0.75 per cent. The new interest rates came into effect on May 15.

15 May 2024 5:47 pm
Say goodbye to pesky calls! Centre readying new guidelines, firms could face penalties

The upcoming rules aim to hold accountable companies benefiting from these unsolicited calls, especially those made by commission agents linked with banks, insurance firms, and real estate companies.

15 May 2024 12:16 pm
First in 50 years: Coal share in total installed power capacity dips below 50%

The surge in Indias renewables tendering is set to keep coals share below 50% in total installed capacity, but its share in power generation remains high at 70%.

15 May 2024 12:05 pm
The average age of home loan buyers has significantly decreased from 40 to 28 years: Raoul Kapoor of Andromeda

Raoul Kapoor, Co-CEO of Andromeda, sheds light on the factors driving the momentum of the real estate market. He discusses a range of topics, from the decrease in the average age of home buyers to 28 years from 40 years, to the increase in purchases coming from Tier 2, 3, and 4 cities.

15 May 2024 9:06 am
Colleague invests Rs 5 lakh in floating-rate saving bonds. Are they good, should I do the same?

The interest rate is linked to that of National Savings Certificates (NSC), which currently stands at 7.70% per annum. So, if you invest in these bonds, you'll earn 0.35% more than what NSC holders receive.

15 May 2024 8:44 am
'Under-construction property, land not for me': Know why Capital Mind's Deepak Shenoy is against these investmentoptions

Investment in real estate has always been a top choice for the affluent class. A recent study showed that the Indian real estate market is expected to reach $1.5 trillion by 2034. However, some experts feel differently about engaging your money in real estate.

14 May 2024 5:24 pm
HDFC Bank launches end-to-end, mobile app-based, customisable digital card range, Pixel

HDFC Bank Pixel digital card: Users of this digital card can select their preferred categories and favourite merchants on platforms such as Zomato, Myntra, BookMyShow, MakeMyTrip, Amazon and Flipkart.

14 May 2024 4:13 pm
EPFO claim: EPFO simplifies auto-settlement for medical, housing, education claims. Check steps for withdrawal

Auto mode of claim settlement was introduced in April 2020 for the purpose of advance for illness. The facility was extended to education and marriage under Rule 68K and for housing under Rule 68B, via a press release dated May 13, 2024.

14 May 2024 3:09 pm
A monthly investment of Rs 50,000 can help you accumulate Rs 8 crore. Heard about the '8-4-3' hack?

This acceleration of wealth accumulation is driven by the power of compound interest, where returns generated are reinvested to generate more returns.

14 May 2024 9:40 am
EPFO puts claims for education, marriage and housing on fast-track. Here's how that works

During the current year, around 2.25 crore members are expected to reap the benefits of this facility.

13 May 2024 10:02 pm
Gold, silver price on 13 May 2024: Yellow metal and silver retreat as investors book profits amid uncertainty

After the jobs data, US yields fell sharply, while the dollar index traded firm near the 105.50 mark. Fed officials continued to raise inflation concerns and reiterated a higher-for-longer stance in their comments last week.

13 May 2024 5:45 pm
Do you have enough money for your retirement years? 10 investment options you should be looking at

When choosing an investment for passive income, consider factors like risk tolerance, tax implications, investment horizon, liquidity needs, and the importance of diversification.

12 May 2024 11:54 am
Mother's Day: A case study of extraordinary women who made a difference in mutual fund industry

A report by Morningstar India earlier this year revealed that of a total of 473 fund managers in India, only 42 are women who are managing funds either as primary or secondary managers.

12 May 2024 10:19 am
Income tax filing: Yes, you can claim tax deduction for under-construction property. Here's how to do it

Maintaining proof of interest payments during the construction phase is crucial for claiming this deduction. Seeking guidance from a tax advisor for accurate calculation.

12 May 2024 10:06 am
High FD rates for senior citizens: These banks are offering rates of up to 8.6% on fixed deposits

Senior citizens also enjoy a higher threshold for tax deducted at source (TDS).The interest rates mentioned apply to fixed deposits of up to Rs 2 crore.

12 May 2024 9:18 am
Mother's Day 2024: Gift these 4 unique options to your mother for her financial stability

It presents a unique opportunity to think beyond traditional gifts and consider options beyond mere material pleasure, which provide lasting value and financial stability: a monetary investment.

12 May 2024 8:11 am