Budget 2023 impact: 100% rise in interest income from Senior Citizens Saving Scheme (SCSS), POMIS [ad_1] After the rise in interest rates of small savings schemes early this year, another bonanza has been delivered for senior citizens by the Budget. The deposit limit in the Senior Citizens’ Saving Scheme (SCSS) and the Post Office Monthly Income Scheme (POMIS) has been ...

Rupee falls 42 paise to 82.50 to the dollar on back of domestic equities The rupee depreciated 42 paise to 82.50 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. Sustained foreign fund outflows and firm crude oil prices further dented ...

Parents should stop funding the expensive educational pursuits of entitled children [ad_1] About 20 years ago, when formal financial planning was just taking root in India, we did a household survey to find out about personal financial aspirations. Families were still not talking about financial goals per se. However, children and their future featured almost unanimously in every conversation. Twenty ...

Bond yields and rupee to closely track RBI’s monetary policy meet Indian government bond yields and the local currency will track the Reserve Bank of India’s monetary policy decision, due mid-week, for guidance, and any dovish tilt in tone could see the benchmark bond yield break below the crucial 7.25% level. The RBI is widely ...

What are passive debt mutual funds: 5 things to know [ad_1] 1.Passive debt funds are fixed income mutual funds which track debt or money market index in terms of portfolio.2.They invest in highquality debt instruments.3.Passive liquid funds, passive gilt funds and target maturity schemes are three types of passive debt funds.4.Since the funds are passively managed, they are relatively low ...

Paytm, PhonePe to launch UPI Lite for smaller epayments soon: Report Paytm and PhonePe are likely to launch the Unified Payments Interface (UPI) Lite on their mobile applications soon, a report by the Economic Times (ET) said. On Paytm, the feature is expected to be enabled within a month. UPI Lite was introduced by ...

4 reasons Bajaj Finance is this week’s stock pick [ad_1] Bajaj Finance (BAF), a diversified NBFC, reported a strong performance in the third quarter of 2022-23 with a 40% y-o-y jump in net profit. The reported net profit was 1.7% higher than the consensus estimates of analysts compiled by Thomson Reuters-Refinitv. The performance was driven by strong customer addition, robust ...

6 building materials stocks with up to 38% upside potential [ad_1] Helped by solid growth prospects of the construction and real estate sectors, stocks of building material companies are expected to perform well in the future. Experts are bullish about the growth trajectory of different building materials like wood panels, tiles and pipes. A recent HDFC Securities report expects the ...

IDFC First Bank to raise Rs 2,196 cr via preferential allotment of shares IDFC First Bank on Saturday said its board has approved allotment of 37.75 crore shares to a subsidiary of IDFC on preferential basis for Rs 2,196 crore. Equity shares of face value of Rs 10 each fully paid-up, on a preferential basis ...

Axis Bank says it is comfortable with exposure to Adani Group entities Axis Bank on Saturday said its exposure to Adani Group entities stood at 0.94% of its net advances on Dec. 31, adding that it remained comfortable with its exposure. “Our exposure to Adani Group is primarily to the operating companies in the Ports, ...