How to check if an individual’s PAN is valid or not Individuals and companies can verify the validity of a Permanent Account Number (PAN) online. To do this, they must fill out a form with the core details mentioned in the PAN card, such as the name, father’s name, and date of birth of the PAN holder. This facility ...
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SBI Mutual Fund AUM crosses Rs 8 trillion; eyes Rs 10 trillion milestone
SBI Mutual Fund AUM crosses Rs 8 trillion; eyes Rs 10 trillion milestone SBI Mutual Fund, largest fund house by a wide margin in the 43-player industry, has clocked yet another milestone crossing the Rs 8 lakh crore-mark assets under management, adding Rs 90,000 crore to the asset pile during the first quarter of the fiscal. Given the ...
Read More »HSBC chases wealthy clients in India with private banking business launch
HSBC chases wealthy clients in India with private banking business launch HSBC said on Tuesday it would target business with India’s wealthy as it launched its global private banking business in the country. Europe’s largest bank said the new unit was aimed at ‘high-net-worth’ and ‘ultra-high-net-worth’ clients in India with investable assets of more than $2 million. ...
Read More »Indian rupee may inch up; RBI remains in way of large appreciation
Indian rupee may inch up; RBI remains in way of large appreciation The Indian rupee is expected to move up at open on Tuesday on back of an uptick on most Asian peers and equity inflows. Non-deliverable forwards indicate the rupee will open at around 81.90-81.92 to the U.S. dollar, compared with 81.9575 in the previous session. ...
Read More »Rupee up 4 paise at 81.87 against dollar on bullish trend in domestic mkt
Rupee up 4 paise at 81.87 against dollar on bullish trend in domestic mkt The rupee gained 4 paise to 81.87 against the US dollar in early trade on Tuesday supported by a bullish trend in domestic markets and steady foreign fund inflows. However, a strong US dollar and surge in crude oil prices capped sharp gains for ...
Read More »Despite market volatility, 36% increase crypto allocations: Binance survey
Despite market volatility, 36% increase crypto allocations: Binance survey Despite high volatility in the market, 47.1 per cent of institutional investors have maintained their crypto allocation over the past year and over a third (35.6%) increased their allocation in the same period, according to a survey conducted by Binance Research, the research arm of Binance, a global cryptocurrency exchange. ...
Read More »Fantasy sports made Rs 2,800 crore in gross gaming revenue during IPL 2023
Fantasy sports made Rs 2,800 crore in gross gaming revenue during IPL 2023 Fantasy sports made Rs 2800 crore during the IPL season in 2023 with 61 million users participating on Fantasy Gaming platforms, according to an analysis by Redseer Consultants. This is a 24 per cent jump in gross gaming revenue from Rs 2,250 crore in IPL 2022, and ...
Read More »Didn’t get your Form 16? Worry not, you can still file your tax returns
Didn’t get your Form 16? Worry not, you can still file your tax returns The first step to filing tax returns for a salaried individual is to obtain your Form 16 from your employer. Form 16 is a TDS Certificate that outlines your taxable income and TDS. It is the employer’s responsibility to provide Form 16 to all employees. In ...
Read More »Rupee appreciates 33 paise to 81.77 against US dollar in early trade
Rupee appreciates 33 paise to 81.77 against US dollar in early trade The rupee gained 33 paise to 81.77 against the US dollar in early trade on Monday supported by sustained foreign fund inflows and bullish momentum in domestic equities as benchmark indices touched all-time highs. At the interbank foreign exchange, the domestic unit opened at 82.01 against ...
Read More »Soon, you may be able to use the same QR codes for e-Rupee and UPI payments
Soon, you may be able to use the same QR codes for e-Rupee and UPI payments e-Re operates on a bank wallet mechanism (Representational image) In a few weeks, the QR codes for Central Bank Digital Currency- retail (e-Re retail) and UPI (Unified Payments Interface) could become interoperable, according to a report in The Hindu Businessline (HBL). This means that ...
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