The apex court has waived off the interest levy on tax arising from its October 2023 ruling that said annual licence fees paid by telcos would be treated as capital expenditure, which are not tax deductible.

Puri is also the chairman of ITC Infotech India Ltd. and its subsidiaries in the UK and the US. A diversified conglomerate, ITC's businesses include fast-moving consumer goods, hotels, packaging, and information technology.

Media reports suggest the government is mulling a different strategy to strengthen the banking sector, which includes merging public sector banks

After burning his fingers in direct stock investments after the 2008 financial crisis, Arunava Guin turned to mutual fund SIPs

A Swiss watchdog recently reported that Nestle adds excess sugar in infant products. Spice mixes sold by MDH and Everest were red flagged by regulators abroad. The companies denied any wrongdoing but the reports do raise questions on the role Fssai, Indias food regulator, plays.

Indias apex drug regulator has reported findings of spurious versions of five critical drugs being sold in the market.The regulator also declared 50 other medicines as not of standard quality

Mutual fund units qualify as capital assets, and any capital gains made on their transfer will be considered as having accrued or arisen in India and are hence taxable in the country, even if you qualify as an NR in India.

Its a summer travel season when Indians will likely haggle over visa woes. How some other countries like the UAE boosted their passports could hold the key to make it easier for Indians as well.

The rise of fiscal feminism in India empowers women to take control of their finances, with more female investors emerging. Despite traditional roles, women are stepping out to contribute to socio-economic development by investing in stocks and mutual funds.

In 2023, India witnessed notable changes in its financial sector, particularly in borrowing patterns. Young consumers are increasingly opting for flexible credit products like personal loans and credit cards.

The ministries of information and broadcasting, electronics and information technology, and consumer affairs are joining hands to create a body to protect consumers from the dangers of misleading and fraudulent social media ads other digital promotions

It could help launch satellites

EPFO has released a circular detailing the settlement of physical claims in death cases. The numerous cases mentioned by the EPFO include a) Where incorrect member details are given in aadhaar, b) Unavailability of aadhaar in respect of pre-aadhaar death cases, c) Aadhaar got deactivated, d) others

Sebi held consultations with the industry representatives from AMFI and various AMCs, and has now proposed that mutual fund schemes may invest in such overseas mutual funds which have exposure to Indian securities not more than 20 percent of their net assets

Even Huawei isnt patriotic enough, apparently

RBI's decision to allow UPI for cash deposits at ATMs may render debit cards irrelevant as mobile payments surge. Debit card usage has stagnated, while mobile payments have more than doubled in the last three years, according to RBI data.

Explore the extravagant lives of Korea's super-rich, their lavish spending on designer items, and the hollowness of their displays of wealth. Follow the stories of individuals like David Yong and Aren Yoo, reflecting on the consequences of flaunting wealth and the importance of discretion.

Are banks open today? Yes they as there is a holiday only on the second and fourth Saturdays and all the Sundays in every month

This comes in the backdrop of excessive and irrational use of antibiotics in India which fail to work in patients when they are routinely exposed to these drugs.

RBI pointed out that it has come across several cases of non-compliance by these asset reconstruction companies and reiterated that regulations need to be followed

SBI Automotive Opportunities Fund is a thematic mutual fund that aims to generate long-term capital appreciation for unit holders by investing in a portfolio of companies engaged in automotive and allied activities. The scheme opened for subscription on May 17 and will close on May 31.

Vi has completed minimum rollout obligations as mandated by the government, in four circles, Moondra said.

Little wonder its investors are protesting

ONDC has facilitated 7.22 million transactions in April and onboarded over 5 lakh sellers, the DPIIT secretary said.

From time to time, Sebi has released circulars to make a set of rules which govern the criteria for credit rating agencies. The regulator has now released a master circular to enable the investors to have access to all the directions at one place.

One way to check the authenticity of notice sent by the tax department is to cross check the email ID from where it is sent. Alternatively, you can authenticate the veracity of notice by visiting the tax department website.

However, it is important to note that banks will not be closed throughout India. Only specific cities, as declared by the Reserve Bank of India (RBI), will have a holiday. The RBI decides holidays for scheduled commercial banks in the country.

The VC firm, which has backed startups such as Cred, Rebel Foods and MPL, expects to increase the pace of its early-stage investments this year, according to its Asia partner Nishit Garg. There have already been 122 early-stage deals worth $1.05 billion in Indias startup ecosystem so far in 2024.

Rural India is seeing a surge in consumer activity as major packaged goods companies report increased demand. What's driving this growth, and how are companies capitalizing on it?

Investors should focus on long-term financial goals by continuing with the same index in a Systematic Investment Plan (SIP) rather than switching annually to the best-performing index of the previous year, as revealed by a study from WhiteOak Capital Mutual Fund.

Angel One launched an engaging and fun educational platform for youngsters Fin One catering to young investors. It aims to deliver infotainment content that engages, entertains, and empowers, cutting across geographical & socioeconomic barriers

Deepak Shenoy has lent a counter-view on the issue saying that taxes are not high at all in real estate, compared to all the subsidies one gets in the sector.

Maternity insurance plans have become increasingly popular amid rising healthcare costs, with an 80 per cent YoY rise in FY24.

Gold consumption in China has increased by over 6% this year despite higher prices. There is a lesson for the rest of the world in this

Indian workers do not face a level-playing field when it comes to receiving social security benefits in some countries like the US and UK. And it may not get better.

For withdrawal of your EPF money, you should ensure that you have seeded relevant details in the EPFO database. These details are as follows: Aadhaar, bank account number along with IFSC details and your Permanent Account Number (PAN).

Retirement goals are among the most important since the accumulated money is consumed over years and the post-retirement stage for most is quite long.

SBI offers home loans in the range of 9.15 percent to 9.65 percent based on the CIBIL score. The higher the score, the lower the interest rate. When the CIBIL score is above 750, the bank charges 9.15 percent and when the score is between 550 to 649, the bank gives loan at 9.65 percent

Investors can take exposure to gold via ETFs and Sovereign Gold Bonds. Gold should be viewed as a diversification tool in a portfolio, not for high returns. Central banks' strong demand for gold has surged prices, with majority purchases from emerging markets.

Indian regulators drive real estate sector transformation with progressive reforms including RERA Act, GST, and REIT regulations. SM REITs democratize access to real estate investing, offering transparency, liquidity, and diversification for retail investors.

The EPFO has come out with an arrangement wherein 19 regional offices are linked to 36 collaborating regional offices in order to expedite the claim settlement process.

Whether its an RIA, PMS provider, MF distributor or RA, ascertain their qualifications, experience and charges before you proceed

Kangana Ranauts assets entail 50 insurance policies issued by the Life Insurance Corporation (LIC), gold weighing 6.7 kg amounting to 5 crore, silver weighing 60 kg amounting to 50 lakh and diamonds amounting to 3 crore.

The number of individual traders in the derivative segment has surged from 710,000 in 2018-19 to 4.52 million in 2021-22 and 9.57 million in 2022-23

Books like 'The Money Book for the Young, Fabulous & Broke,' 'Let's Talk Money,' and 'The Intelligent Investor' offer practical insights on managing money, investing, and building wealth for young adults.

Medical tourism is on the rise globally, with individuals seeking top healthcare treatments worldwide. Global health insurance plays a crucial role in ensuring a seamless healthcare journey, addressing financial challenges and providing access to quality care across borders.

Investing in mutual funds tracking Nifty Bank Index and Nifty PSU Bank Index offers exposure to specific sectors. Nifty Bank Index includes liquid Indian banking stocks, while Nifty PSU Bank Index focuses on public sector banks.

State Bank of India raises fixed deposit interest rate on these tenors

SCSS, POMIS, and FRSBs are low-risk options for seniors seeking regular income. SCSS offers 8.2%, POMIS 7.4%, and FRSBs 8.05% interest annually. Combining investments in all three can yield a monthly income of approximately 52,000, with room to grow using FRSBs.

Income tax return filing deadline of July 31 is exactly 75 days from now. The tax department has already released the requisite forms. You can check the form that is applicable in your case, and you can then start the process to avoid the last-minute glitches