Category: Finance

Limited number of senior citizens could avail ITR filing exemption: Experts

To provide relief to senior citizens aged above 75 years, the government, in its Budget 2021, has proposed an exemption for them from filing income...

Senate confirms Joe Biden’s choice for UN ambassador

The Senate confirmed President Joe Biden‘s choice to lead U.S. diplomacy at the United Nations on Tuesday. The vote for Linda Thomas-Greenfield reflected a divide...

Appoint industry experts as professors of practice at IITs, says panel

A panel set up by the education ministry has suggested that the Indian Institutes of Technology (IITs) be allowed to hire industry experts as ‘professors...

How investors in debt MFs can navigate a rising yield scenario

Fund managers don’t expect this trend to continue and there is a distinct possibility that it may reverse, according to some of them. Here, we...

Fisdom forays into tax solutions with acquisition of Tax2win

Bengaluru: Wealth-management startup Fisdom on Tuesday said that it has acquired online income tax return filing platform, Tax2win.in for an undisclosed amount, marking the former’s...

Rahul Gandhi sounds poll bugle in Kerala, slams BJP, Left government

The Congress on Tuesday sounded the poll bugle in Kerala with the party organising a mammoth rally in which leader Rahul Gandhi launched a scathing...

Maharashtra again reports more than 6,000 COVID-19 cases; 51 die

After slipping below 5,000 for a day, new COVID-19 cases again crossed the 6,000-mark in Maharashtra on Tuesday on the back of a spike in...

Global bonds are suffering the worst start to a year since 2013

US investors return Tuesday from the Presidents’ Day holiday to find the reflation trade in full force and global bond markets in retreat. How bad...

Gold prices have corrected 16% from their peak. Should you buy?

NEW DELHI: Gold, which was the top-performing asset in 2020, has corrected around 16% since 7 August, 2020, when it had closed at a high...

Joe Biden admin rolls back Trump-era citizenship test, reverts to 2008 version

The Biden administration has announced the reversal of the stringent Trump-era policy by reverting to the 2008 version of the naturalisation test module to make...

Financials to be big beneficiary of economic revival: Ashwini Agarwal

“Domestic cyclicals, construction, realty to do well”, says Ashwini Agarwal, Co-founder, Ashmore Investment A compulsive bull like you would always try to call it a...

Is it time to revisit equity portfolios?

The reasons behind the recent rally have been a growth-oriented Budget, recovery in the economy as well as businesses, effectiveness of vaccines against the covid-19...

Eligibility, interest rate and features explained

To take care of a temporary cash crunch, an individual has various options. These include taking a gold loan, a personal loan. Gold loans can...

Bombay HC upholds bail to alleged ISIS member Areeb Majeed

The Bombay High Court on Tuesday upheld a special court’s order granting bail to 27-year-old Areeb Majeed, accused of having links with the Islamic State...

Buy clean, market leading franchises and you will make money over 3-4 years: Saurabh Mukherjea

Do not get lost in short-term frenzies both on the way up and the way down, says Saurabh Mukherjea, Founder, Marcellus Investment Managers. Yesterday, the...

Mutual funds slash stakes in key Nifty stocks in January

Indian mutual funds (MFs) cut their holdings in Nifty stocks in January, as retail investors continued to withdraw money from equity schemes with indices setting...

Interest rate, eligibility, documents and other features

State Bank of India (SBI) offers pension loans to senior citizens and family pensioners receiving a regular pension from the central or state government through...

To counter China, India’s DSA begins scouting for star wars technology

(This story originally appeared in on Feb 23, 2021) Nearly two years after India demonstrated its anti-satellite (ASAT) technology through ‘Mission Shakti’, the newly formed...

Stock Market: Broader markets may outperform Sensex, Nifty in next 6-12 months: Anshul Saigal

If earnings support the stock prices, then this may be a good time to add on to equities with a one to two year time...

Are Motilal Oswal’s multi-asset passive FoFs good fit for you?

Motilal Oswal Asset Management Company (AMC) on Thursday announced the launched two new fund offers (NFOs) — Motilal Oswal Asset Allocation Passive Fund of Fund...

Interest from NRE account is exempt from tax

I live in the UK and hold a British passport. I have NRE accounts with savings of ₹50 lakh, on which I get interest. Do...

Cauvery River linking: BSY says he won’t allow his TN counterpart to go ahead with the project

A day after Tamil Nadu laid foundation stone for linking three of its rivers with Cauvery to use up surplus water, Karnataka protested with chief...

India set for record wheat output: Expert

India is set for record wheat output in the current crop year on higher acreage, conducive weather and fewer crop pest attacks, the chief of...

Are Motilal Oswal’s multi-asset passive FoFs good for you?

Motilal Oswal Asset Management Company (AMC) on Friday launched two new fund offers, Motilal Oswal Asset Allocation Passive Fund of Fund (FoF) – Aggressive and...

What high-income earners need to know

The absence of any changes to the tax rates on the personal tax front under Budget 2021 has indeed given a sense of relief to...