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EVs, green hydrogen to soon come under priority sector lending: Report Loans for electric vehicles and green hydrogen may soon be categorised under priority sector lending (PSL) by banks. Several banks have suggested the move to the Reserve Bank of India (RBI), a report in Economic Times (ET) said. Banks reportedly told the RBI that categorising such ...

My husband’s parents are nominees in all his investments, including our joint account. How can I ensure financial stability? [ad_1] Q.I’ve taken Rs.30 lakh from family and friends, and can’t repay it. What can I do? — A. Sharma As a first step, you need to assure your family and friends that you intend to return the money, so that ...

moonlighting: Planning on moonlighting? Where to find well-paying side gigs [ad_1] When he did it for the first time, Rajnish Monga was both anxious and excited. A startup client of the digital marketing outfit he worked for had offered him a side hustle. “Our company’s services were too costly, so they wanted me to work for them independently,” says the ...

What is business cycle fund investing [ad_1] 1.A Business cycle has distinct phases —expansion, moderation and contraction. 2.The Fund manager tracks various economic and investment parameters to identify the phase of business cycle for various sectors. 3.Based on the lead indicators, the fund manager will invest in sectors and companies that will outperform in the phase of the economy. 4.Unlike ...

Indian insurance industry can be sixth largest globally: Irdai chairman The Indian insurance sector, which is growing at 11 per cent CAGR for the last five years, the momentum is expected to continue and could lead India to become the sixth largest market globally, from ten now, said Debasish Panda, chairman, Insurance Regulatory and Development Council of India. ...

MF portfolio doctor: Why Dutta needs to push back retirement by 4-5 years [ad_1] Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective ...

RBI interventions, corporate flows pull rupee back from new low against USD After plunging to a new low against the dollar in early hours of trade on Monday, the rupee staged a smart recovery owing to intervention by the Reserve Bank of India (RBI) and dollar sales by banks on behalf of corporate entities, said dealers. The ...

ITC Share Price: ITC shares have surged 53% this year, but only a handful of equity mutual funds have benefited from the upswing [ad_1] After years of lying comatose, shares of cigarettes-to-hotelsto-FMCG conglomerate ITC have enjoyed a renaissance at the bourses. Skeptics watched in surprise as the stock emerged as the biggest winner among Nifty 50 stocks from January to ...

SBI revamps call centre, to offer 30 banking solutions in 12 languages State Bank of India has revamped its customer call centres by unveiling a new contact centre which will offer over 30 banking solutions in 12 languages and will be available round the clock. Currently, the Contact Centre manages 1.5 crore monthly calls, with 40 per ...

4 reasons IndiGo is this week’s stock pick [ad_1] Helped by the resumption of international air travel, easing of flight capacity restrictions and strong passenger yield, low-cost airline company InterGlobe Aviation (IndiGo) reported strong revenue growth of 328% y-o-y and 60% q-o-q in the first quarter of 2022-23. It also managed to narrow its net loss in both periods. Though ...