Keep yourself updated with the latest financial news and updates.
Posted On : 16-Feb-2025
Reference : rediff.com
Account holders of 'New India Co-operative Bank' woke up this morning to a rude shock as the Reserve Bank of India has imposed restrictions on withdrawal of funds since the bank faces liquidity issues.
Posted On : 15-Feb-2025
Reference : Money Control
Experts suggest that CPI inflation is likely to ease further in February and see the RBI MPC cutting rates by 25 basis points in April.
Posted On : 11-Feb-2025
Reference : ET Wealth
Marginal tax relief for Rs 12 lakh: Individuals having taxable income of Rs 12 lakh will not required to pay any tax from FY 2025-26. However, there can be taxpayers whose taxable income exceeds Rs 12 lakh, even after claiming all the eligible deductions. Will they have to pay higher taxes?
Posted On : 07-Feb-2025
Reference : Money Control
The repo rate cut, combined with the benefits from the revised tax slabs announced in the Union Budget 2025 for the new tax regime, is likely to boost loan eligibility and repayment capacity in the upcoming fiscal year.
Posted On : 19-Dec-2024
Reference : economictimes.indiatimes.com
The government is launching a new housing loan scheme. This scheme will help low and middle-income groups buy homes. Loans up to Rs 20 lakh will be available. Borrowers will not need collateral. The government will guarantee a portion of the loan. Digital transactions will be considered for loan approval. This will make homeownership easier for many.
Posted On : 19-Dec-2024
Reference : economictimes.indiatimes.com
LOAN AGAINST MUTUAL FUNDS is a financial solution that allows investors to borrow money against their mutual fund units without selling them. It works as an overdraft facility and the interest is charged only on the amount availed as credit.
Posted On : 19-Dec-2024
Reference : economictimes.indiatimes.com
Seven equity mutual funds gained over 50% in 2024. Mirae Asset's FANG+ and S&P 500 Top 50 ETFs topped the list. Motilal Oswal funds also performed well across categories. HDFC Defence Fund saw strong gains. International funds experienced some losses. Most equity funds delivered positive returns in 2024.
Posted On : 19-Dec-2024
Reference : economictimes.indiatimes.com
ET Mutual Funds analyzed the performance of multicap funds against their benchmarks. Out of 23 funds, 18 outperformed their respective benchmarks, achieving a 78% outperformance rate in 2024. This means only five multicap funds fell short of their benchmarks. All funds were benchmarked against the Nifty500 Multicap 50:25:25 - TRI, which delivered a 22.62% return in 2024.
Posted On : 17-Dec-2024
Reference : deccanherald.com
Real estate has consistently proven to be an effective hedge against inflation.
Posted On : 17-Dec-2024
Reference : Economic Times
India's luxury housing market is booming, driven by a surge in wealth and demand from billionaires and HNIs. Sales of luxury apartments skyrocketed, with properties worth hundreds of crores being snapped up. Branded residences and smart homes are gaining popularity, attracting both domestic and NRI investors.
Posted On : 17-Dec-2024
Reference : Economic Times
The decision is significant as it recognizes virtual digital assets as capital assets, said experts. "It not only recognizes Bitcoin as a capital asset but also provides clarity on how such transactions should be treated for the period before the introduction of the formal VDA (virtual digital asset) regime in 2022," said Sandeep Jhunjhunwala, tax partner (M&A), Nangia Andersen.
Posted On : 12-Dec-2024
Reference : Indiatoday.in
The Supreme Court advised all other courts to follow the guidelines but said the factors do not lay down a 'straitjacket formula' while deciding the permanent alimony.
Posted On : 11-Dec-2024
Reference : zeebiz.com
If slow and steady truly wins the race, how soon should you start your investments? Many financial planners have time and again emphasized the importance of starting to invest early in life to make the most of compounding, which is nothing but reinvested returns to generate additional earnings over time. Now, if you were ready to spare Rs 11,000 every month till you reach an important financial goal in life, say early retirement at 55, can you guess the actual cost of every 5 years of delayed investment?
Posted On : 11-Dec-2024
Reference : ET Wealth
Home loan borrowers may see relief in 2025 as interest rate cuts are anticipated following a decline in GDP growth. Experts predict a potential repo rate reduction, with varying estimates of up to 100 bps. Borrowers are advised to switch to external benchmark-linked lending rates to maximize gains and consider refinancing for better deals.
Posted On : 11-Dec-2024
Reference : The Economic Times
The Reserve Bank of India (RBI) unexpectedly cut the cash reserve ratio (CRR) by 50 basis points to inject ₹1.16 lakh crore into the banking system. This move aims to improve liquidity and transmission of rate cuts amid high inflation and slowing economic growth.
