The gold loan market is growing fast, but new data shows that the rise is coming with higher risks, especially as borrowers take bigger loans and rely on multiple accounts.…
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PTC India changes designation of CMD Manoj Kumar Jhawar as MD & CEO
Power trading solutions provider on Wednesday announced the change in designation of Manoj Kumar Jhawar from Chairman & Managing Director to Managing Director & CEO of the company. The company,…
SEBI makes it easier for firms to cut IPO size after Iran war hits sentiment, email shows
Highlights IPO size can be changed by up to 50% without refiling, email from regulator shows Market participants have had trouble marshalling IPO resources, email says Rule change valid until…
Wipro to buy select contracts from California IT firm Alpha Net for $71 million to enhance AI, consulting services
Wipro Ltd will acquire certain contracts from an IT company in California for $71 million, bringing its total acquisition spending in the first month of the fiscal year to almost…
India’s March trade deficit narrows to $20.67 billion on year
India’s merchandise trade deficit narrowed to $20.67 billion in March as imports eased from the previous year, though elevated purchases of energy, gold and electronics continued to weigh on the…
In Charts: India slips to 6th in GDP ranking for now; to reach 4th by FY28
A downward revision in nominal gross domestic product (GDP) following the base-year revision and a sharp depreciation of the rupee have proved to be a setback for India’s position in…
NBFCs’ reliance on bank borrowings to increase in FY27 on lower interest rates
Mumbai: Non-banking finance companies’ (NBFCs) on bank borrowings is likely to rise in FY27 due to lower interest rates, a rating agency said on Wednesday. The share of bank borrowings,…
₹5,000 SIP: regular vs step-up, how a small tweak can add lakhs to your corpus
A small habit today can transform your life quietly and decide whether you retire with ₹1.7 crore or over ₹2 crore? That is the real power of sensible SIP investing…
You can accumulate ₹55.88 crore by initial savings of ₹30 a day
How to become crorepati: Genius doesn’t do different things; they do things differently. Similarly, a smart investor becomes a millionaire or a billionaire by investing wisely. For example, if a…
Transfer tax on shares, mutual funds: When it is tax-free and when it is not – explained
Investors are allowed to transfer equity shares or to family members, but the tax treatment differs from that for transfers to non-family members. In general, asset transfers in India, such…