Finance News

Betting on gold? How to pick between gold ETFs and sovereign gold bonds Investors willing to diversify assets could consider the first tranche of the Sovereign Gold Bond (SGB) Scheme 2023–24 of this fiscal year, which is currently open for subscription and will close today on June 23, 2023. The set issue price for SGB Series I 2023–24 is ...

India and UK regulators close to resolving clearing house impasse By Subhadip Sircar The United Kingdom government has said that Indian clearing houses overseen by the nation’s central bank meet its regulatory requirements, a move that may help resolve the ongoing impasse over allowing overseas regulators oversight over local counterparties.   “The legal framework of India, as ...

As markets scale new peaks, bet on gold, select small-and mid caps As Indian markets scale newer peaks, investors must diversify assets to generate better returns. Among them, equity, fixed income and gold are the best bets, according to Emkay Wealth Management.  India stands out With inflation moderating and interest rate hikes peaking,  global growth is expected to bottom ...

Indian banks looking for a bigger stake in digital India via own QR codes Quick response codes, or QR codes, have had a big impact on India’s digital payment landscape, owing largely to non-banking apps like Paytm, PhonePe, and Google Pay. Now, several banks are making bets on this market by deploying their own QR codes at retail locations, The ...

When can you withdraw, how is the money taxed, and how to avoid it Withdrawals from an Employee Provident Fund account before the completion of five years will be taxed at 20 per cent instead of 30 per cent if the users’ PAN card is not seeded with the EPF account, according to Union Budget 2023. What is an EPF  ...

A snapshot of health insurance plans offered by various firms with details 2023 may see an M&A surge in insurance sector: Shriram General Insurance MD Composite insurance licence regime may trigger M&A activity: HDFC Life CFO LIC may look at composite licence post amendment in Insurance Laws New tax norm to hurt insurers; stocks attractive for the long run: Analysts ...

Swap rates increase amid global central banks’ hawkish sentiment Overnight indexed swaps, which are a derivatives instrument using government bonds as the underlying asset, maintained their upward trajectory on Thursday due to concerns of an extended period of monetary policy tightening, said dealers. The five-year swap rate inched up by 6 basis points (bps) to settle at 6.28 ...

ICICI Pru Medium Term Bond Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Fund pick: SBI Magnum Midcap Fund A snapshot of health insurance plans offered by various firms with details Indian banks looking for a bigger stake ...

Lenders appoint SBI Caps as advisor for Rs 2,000 cr debt resolution of VIPL Lenders of Vidarbha Industries Power Ltd (VIPL), a subsidiary of Reliance Power, have appointed SBI Caps as an advisor for its debt resolution process, sources said. As per the terms of reference, SBI Caps will invite bids for the sale or one time settlement ...

RBI members diverge on further rate hikes amid growth risks India’s six-member monetary policy committee (MPC) members appeared increasingly divergent in their views on the future course of rate hikes, with some external members arguing that further tightening could hamper the economic recovery, the minutes of their latest meeting showed on Thursday.   The Reserve Bank of India (RBI) ...