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Source: Live Mint Indian markets have declined 0.7 per cent so far in February, setting the indices up for a fifth consecutive month of losses. In 2025 so far, the benchmark indices have dropped over a per cent, weighed down by global economic uncertainties and elevated domestic valuations. The broader markets have faced a steeper…
Source: Live Mint With RBI slashing its repo rate by 25 basis points on Friday, home loan EMIs are likely to see a decline. The revision in monetary policy is seen as the start of the interest rate cut cycle. As a result, loan EMIs are expected to fall. If you are contemplating raising a home loan…
Source: Live Mint I have gifted some money to my daughter when she turned 16. We both are residents. I have set up her custodial account in US for investment in Nasdaq-listed stocks from this gifted money. I would like to understand the potential tax implications in India on this. -Name withheld on request As…
Source: Live Mint The gross non-performing assets (GNPAs) pertaining to gold loans in scheduled commercial banks (SCBs) and Upper and Middle-Layer non-banking financial companies (NBFCs) have increased by 18.14% from March 2024 to June 2024, according to a reply filed by the Ministry of Finance Read Full Article
Source: Live Mint Finance Minister Nirmala Sitharaman introduced customized credit cards for micro enterprises registered on the Udyam portal in her recent budget speech. This step was taken with the objective of strengthening India’s Micro, Small and Medium Enterprises (MSME) sector. These cards will come with a credit limit of ₹5 lakh each. These cards…
Source: Live Mint Stock market today: The Indian benchmark indices, Nifty 50 and Sensex, experienced selling pressure for the fourth straight session on Monday, February 10, with the Sensex dropping more than 650 points and the Nifty 50 nearing 23,340 during intraday trading. As of 14:11 IST, the Nifty 50 had declined 0.93% to reach…
Source: Live Mint Most investors consider gold safe haven, and investing in it generally gives an assurance of sorts that the money is safely locked in a reliable asset. This is not expected to deliver extraordinary returns just like equity. But perception can be different from reality. In the case of gold, it indeed is. In…
Source: Live Mint Chandan Healthcare IPO: The initial public offer (IPO) of Chandan Healthcare, which runs diagnostic centres in North India, kicked off for subscription on Monday, February 10 and will remain open till Wednesday, February 12. Chandan Healthcare IPO price band has been fixed at ₹151 to ₹159 per share, with the company looking…
Source: Live Mint After a backlash on social media over HDFC Ergo walking back on its promise to return cash to customers who bought Apple Watches under its India Gets Moving initiative, the company has started making payments based on their step-counts. The insurer said it had rejected claims of only those who allegedly manipulated…
Source: Live Mint Falling for the third consecutive session, NHPC share price declined nearly 3 per cent in intraday trade on Monday, February 10, reacting to the PSU company’s December quarter (Q3FY25) earnings and dividend announcement. NHPC share price opened at ₹76.11 against its previous close of ₹77.43 and dropped 2.7 per cent to the…
