US stock indices opened mixed on Thursday after the House of Representatives cleared President Donald Trump’s tax bill, which is expected to burden the country with trillions in debt. At the opening bell, the Dow Jones Industrial Average fell 96.8 points, or 0.23%, to 41763.68. The S&P 500 fell 3.3 points, or 0.06%, to 5841.26,…
ITC Q4 Results: Diversified conglomerate ITC Ltd released its March quarter numbers on Thursday, May 22, reporting a consolidated net profit of ₹19,807 crore, boosted by an exceptional gain of ₹15,145 crore in Q4, arising from the demerger of its Hotels Business into ITC Hotels Limited. This gain was accounted for under discontinued operations in…
If you are a credit card user in India, withdrawing cash using a credit card, also known as cash advance can be a costly exercise. Given such a transaction provides immediate liquidity, still it comes with several serious consequences such as significant fees and interest charges that all current and aspirational credit card users must…
Non-resident Indians (NRIs) may be living abroad but a vast majority of them continue to have financial obligations in India. An NRI credit card will be a useful tool for them to manage their expenses in India. A credit card issued in India will also help NRIs make payments during their travels to their home…
New Delhi: The Centre has approved products made by three more companies—Pinnacle Mobility, Varroc Engineering, and Napino Auto and Electronics—under its flagship production-linked incentive (PLI) scheme for the auto sector, according to data from the government’s PLI-Auto portal. he move comes despite limited payouts so far and a sharp cut in the scheme’s disbursal target…
Zee Media Corporation share price traded higher on Thursday after the company announced that its promoter group entity, a Mumbai-based domestic institutional investor (DII), has acquired a stake in the company. Zee Media shares gained as much as 2.62% to ₹14.88 apiece on the BSE. AUV Innovations LLP, Zee Media Corporation’s promoter group entity, has…
First published in October 2005, Parag Parikh’s ageless book, ‘Stocks to Riches: Insights On Investor Behaviour’, still remains a crucial read for both aspirational equity investors and investment professionals alike. Who was Parag Parikh? Parag Parikh was a well renowned visionary investor in India. He was also a behavioural finance professional, author, and the founder…
Most policyholders—and even some professionals—overlook this critical fine print, assuming it’s a minor cost difference. But that assumption can cost you lakhs. Mint breaks down how this clause works, why it’s so dangerous, and how you can avoid financial shock. Also read: In charts | The health insurance puzzle: 83% Indians aware but only 19%…
The research examined 170 diversified equity mutual funds over a decade, comparing their published returns with what real investors earned based on their actual cash flows. The findings were sobering, to say the least. While funds delivered healthy returns through consistent systematic investment plans (SIPs), the average investor significantly underperformed their investments. Also read: This…
In our generation, healthy saving habits were instilled early on through the simple gift of a piggy bank. Any money we received, be it as birthday gifts or rewards for our achievements, was encouraged to be saved in the piggy bank and used wisely when we wanted to buy something. This practice was a foundational…
