Finance India NEWS. Stock Market NEWS Updated Daily

Finance India NEWS. Stock Market NEWS Updated Daily

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Finance India NEWS. Stock Market NEWS Updated Daily

21-yr-old Kaivalya Vohra of Zepto youngest on India's rich list for 2024

21-yr-old Kaivalya Vohra of Zepto youngest on India's rich list for 2024

The youngest billionaires of the country are harshil mathur and shashank kumar, ( both aged 33) and founder of razorpay, a payment solutions app.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

India minted a new billionaire every 5 days in 2023: Hurun rich list 2024

India minted a new billionaire every 5 days in 2023: Hurun rich list 2024

For the first time, the hurun india rich list has exceeded 1,500 entries, recording individuals with wealth more than rs 1,000 crore
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

Flipkart-backed SuperCard offers credit limits from Rs 90 to Rs 9 lakh

Flipkart-backed SuperCard offers credit limits from Rs 90 to Rs 9 lakh

Super.money's card allows users to make payments through regular channels as well as upi, using super.money's 'scan & pay' feature
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

Gautam Adani pips Ambani as India's richest, SRK enters billionaire list

Gautam Adani pips Ambani as India's richest, SRK enters billionaire list

Gautam adani and family have topped the 2024 hurun india rich list, as they saw a 95% increase in wealth, bringing their total to rs 1,161,800 cr.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

Students can pay directly to foreign universities with HDFC's new platform

Students can pay directly to foreign universities with HDFC's new platform

Service will enable easy digital payments; bank will collaborate with educational consultants and aggregators
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

Passport website unavailable for use till Sept 2: What should you do

Passport website unavailable for use till Sept 2: What should you do

Website under maintenance for five days, will be inaccessible to people and government authorities
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

RuPay credit card: Same rewards, benefits for UPI transactions from Sept 1

RuPay credit card: Same rewards, benefits for UPI transactions from Sept 1

According to npci, rupay credit cards on upi are not getting the same rewards and benefits as other rupay credit card transactions
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

Rupee appreciates 9 paise to 83.88 against US dollar in early trade

Rupee appreciates 9 paise to 83.88 against US dollar in early trade

Rupee appreciated 9 paise to 83.88 against the us dollar in morning trade on thursday, supported by the weakness of the american currency in the overseas market and a positive trend in domestic equities. forex traders said market is awaiting cues from the
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

MHADA offers upto 25% discount on 370 houses in South Mumbai: Details here

These houses are part of mumbai lottery draw which was called earlier this month for 2030 houses
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

How do Indian family offices invest money? Decoding their asset allocation

Allocations to mutual funds, pms, aifs, and gold are anticipated to see modest increases, while fixed income and physical real estate are likely to experience a decrease.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

Foreign lenders lured by stake sales in Indian banks, face tighter rules

Banking sector deals in india, especially those involving foreign entities, are rare
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

RBI cautions against fraud, warns against sharing OTP and KYC details

The rbi also detailed various modus operandi used by fraudsters
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

Is your portfolio heavy on growth strategy? Add dividend yield funds

"companies that pay high dividends typically have strong cash flows and tend to be more stable," atul shinghal, founder and ceo of scripbox, says
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

Fintechs don't have proven track record to evoke trust, yet: RBI DG

Speaking at global fintech fest 2024, sankar noted that fintech cos largely not licensed by regulator, making it even more crucial for them to prove they can operate responsibly and earn public trust
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

No restrictions for queer community to open joint bank accounts: FinMin

The ministry also said that a clarification in this regard has also been issued by the reserve bank of india (rbi) to all the scheduled commercial banks on august 21, 2024
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

SBI's mega tier II debt issue may boost fundraising via such notes: Bankers

On wednesday, india's largest lender sbi raised rs 7,500 crore (4.1 million) through 15-year tier ii bonds, with a 10-year call option at 7.42 per cent coupon
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

RBI announces early redemption for SGB: Tax implications explained

You can prematurely withdraw your sovereign gold bond investment once it completes the fifth year
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-29

UPI transactions can touch 100 bn in next 10-15 years: Dilip Asbe

He was responding to a question posed by kunal shah, serial entrepreneur and founder of cred, at the global fintech fest on what will bring the next millions to the upi ecosystem
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Lot of headroom for digital payments platform UPI to grow: Google Pay V-P

Speaking at the global fintech fest, kenghe said close to 400 million customers are transacting on upi currently
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

ITR refund pending? Tax dept legally has time until 2025 to process it

Processing time varies due to factors like form type, complexity, number of deductions/exemptions
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Interlinking domestic fast-pay ways won't solve crossborder issues: Waller

Says frictionless cross-border payments will make it difficult to check money laundering and terror funding
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Edinburgh to join growing list of cities introducing tourist tax: Know more

"tourist tax" refers to a fee levied by local governments on visitors staying in paid accommodations such as hotels, hostels, and holiday rentals
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

'Visa at Your Doorstep': Here's how you can complete the process from home

Visa at your doorstep enables applicants to complete their visa application process from their homes or offices
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

SBI Chairman Dinesh Khara retires after record profits; CS Setty takes over

Dinesh khara's tenure saw sbi's profit leap from rs 20,410 crore in fy21 to rs 61,077 crore in fy24, a 200 per cent increase, earning him the title of 'profit king'
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

India's office market set for record boom, Bengaluru and Hyderabad lead

The first half of 2024 recorded 41.9 msf of leasing, marking the highest leasing volume ever for the first half of any year. this represents 56% of the total gross leasing volume (glv) for 2023.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Sent more than Rs 6 lakh overseas? You could face tax scrutiny from I-T

The income tax department aims to detect discrepancies between declared income and foreign remittances, which could indicate potential tax evasion.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

67% of Indians revisit favourite global spots: Thailand & Vietnam top list

58% of repeat travellers have visited favourite destination between one to three times in the past decade
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Is it a wise decision to bundle health and life cover plans?

Single policy reduces paperwork and simplifies premium payments
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

How will gold investments be taxed now? Which is the most tax-efficient?

For long-term investors, sovereign gold bonds (sgbs) held until maturity or sold to the reserve bank of india (rbi) remain the best option. the gains are 100 per cent tax-free.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Rupee falls 2 paise to 83.95 against US dollar in early trade today

Rupee depreciated 2 paise to 83.95 against the us dollar in morning trade on wednesday, weighed down by a muted trend in domestic equities. forex traders said from a macroeconomic standpoint, the rupee's downside appears well-contained, with the 84-level a
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Rs 2 lakh KYC Update scam: What is it, how it happened and how to avoid it

Kyc fraud is a type of scam where criminals impersonate bank officials or representatives to trick individuals into revealing their personal and financial information.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Airline lost your baggage? Know your rights and compensation claim

If you're concerned that airlines might lose your baggage, it's important to know your rights, insurance options, and dgca rules
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

PhonePe CEO says UPI mcap overhang holding back company from going public

Speaking at the global fintech fest, sameer nigam, chief executive officer, phonepe, said, "as far as going public, the market cap overhang is definitely a problem for us
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

'Finternet' the future of financing systems, says Nandan Nilekani

According to nilekani, finternet will be user-centric, unified, which means it will cover all types of assets, with a universal infrastructure
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

MFs, AIFs to gain higher weight in family office portfolios: Report

Exposure to fixed income, real estate likely could decline, says sundaram alternates report
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Investment and insurance: Invest in Ulip with above 10-year horizon

This forced insurers to introduce more cost-effective, customer-friendly products. "manufacturers have eliminated the policy administration charge," says rao
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Mpox, dengue, Covid, & more: Does your health insurance cover outbreaks?

As outbreaks like mpox increase, so do medical costs. but the question is: does your health insurance cover such diseases?
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-28

Nithin Kamath warns investors against fake trading apps: How to stay safe

Zerodha ceo warns that these apps mimic leading broker interfaces and fool people with the idea of becoming rich quickly
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

April 2005-March 2024: How to turn monthly SIP of Rs 1,000 into Rs 17 lakh

The number of sip accounts saw a significant 59% increase, growing from 5.28 crore to 8.4 crore between march 2022 and march 2024.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

What are account aggregators, why do you need them, how do they work

The account aggregators framework gives you complete control over your financial data. you decide which entities can access your data, for how long, and for what purpose
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

National Infrastructure Trust to raise Rs 1,600 crore through IPO

In accordance with sebi infrastructure investment trust (invit) regulations and the sebi guidelines, 75 per cent of offer will be available for a proportionate allocation to institutional investors
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Micro-loan asset quality deteriorates in April-June quarter: Sa-Dhan

Asset portfolio shrinks sequentially; growth seen moderating by 2-3 percentage points in fy25
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Rs 25 lakh loan at 5% needed for middle-class homebuyers: Naredco president

Around 30% of indians are unable to afford home loan emis at current rates, says g hari babu
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

International credit card use up 63% after Covid-19, overtakes debit cards

Data from the rbi shows international credit card spending rose 63 per cent from december 2022 to july 2024, while ppis grew 53 per cent and debit card transactions increased by just 8 per cent
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Where to buy real estate? Here are top 10 micro-markets for new supply

Dombivli, within mmr, emerged as the top micro-market with over 44,990 new units launched.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Best real estate deals: Dwarka Express in NCR sees 79% price surge in 5 yrs

Avg. prices increased from rs 5,359 per sq. ft. in 2019 to over rs 9,600 per sq. ft. in h1 2024.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Retired? DMRC is hiring with Rs 1.65 lakh salary: Here's what you must know

Delhi metro is looking for candidates for the post of general manager (electrical)
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

RBI mulls softer rollout of infra financing norms amid lender pushback

The central bank faced criticism claiming that the new norms may slow down important govt projects like highways and power plants, which are critical for india's economic growth
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Are no-cost EMIs worth it? Key considerations before you opt in

Compare the emi price with the regular cash price to ensure you're not overpaying on your no-cost emi
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Co-branded credit cards pip traditional cards:List of the most sought after

Co-branded credit cards (cbccs) are rapidly outpacing traditional credit cards, driven by india's booming economy and shifting consumerpreferences.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Canada cracks down on foreign worker exploitation: New rules from Sept 26

The temporary worker programme is meant to be a temporary solution for businesses that can't find qualified canadian workers to fill job vacancies
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Rupee falls 8 paise to 83.95 against US dollar during early trade

Rupee depreciated 8 paise to 83.95 against the us dollar in morning trade on tuesday, weighed down by elevated crude oil prices and a muted trend in domestic equities. forex traders said brent crude, the international benchmark, was trading above the usd 8
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Got tax refund text? Verify source, don't divulge sensitive information

They sometimes misuse personal information collected during tax preparation, leading to identity theft or unauthorised financial transactions
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

Grip Invest launches first privately placed Rs 10,000 face value bonds

One part of the issuance worth rs 6.5 crore was launched on the grip platform, which was fully subscribed, said nikhil aggarwal, founder & group ceo, grip
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

First perpetual bond issue after valuation rule change sees strong interest

Canara bank sold perpetual bonds with a call option at the end of 10 years at a coupon of 8.27 per cent compared to expectations of 8.30 per cent-8.34 per cent
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-27

RBI announces premature redemption for SGB issued between 2017 to 2020

The central bank plans to redeem 30 tranches of these bonds between october 11, 2024, and february 7, 2025
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-26

Unified Pension Scheme Explained: How UPS, NPS, and OPS affect your pension

Unified pension scheme is set to be implemented from april 1, 2025, and is expected to benefit around 230,000 central government employees
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-26

Rupee ends on flat note, closes 1 paisa higher at 83.90 against US dollar

The rupee closed at 83.90 against the us dollar, nearly unchanged from its close at 83.89 in the previous session. the currency hit a peak of 83.81 in early trading
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-26

Outflows start from India Midcap funds from Japanese Investors.

Despite midcap fund outflows, japan's overall inflows into india remain positive, primarily driven by investments in large cap funds.
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-26

Indian rupee likely to miss Fed pivot-fueled emerging market rally

The move was in line with the rupee's recent underperformance as the currency has failed to gain from the dollar's broad slump
Tag: Finance India    Source: business-standard.com   Dated: 2024-08-26

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