[ad_1] The interest charged on loans is the most important price in an economy. And its rate is nudged up and down by the lender of last resort—the Reserve Bank of India (RBI) in our case—for good reason. It helps keep the economy’s growth path stable. Inflation held on a tight rein, RBI’s explicit mandate…
[ad_1] Republican attorneys general have put Costco, the US-based mega-retailer, on notice. Nineteen of them recently signed off on a letter telling the company to stop “clinging to [Diversity, Equity, Inclusion] policies that courts and businesses have rejected as illegal” and that it should do the right thing by “following the law and repealing its…
[ad_1] Debates on the significant decline in India’s GDP growth rate in the second quarter of 2024-25 and the revised estimates of growth for the year have been all over the media. The narratives have ranged from it being a secular decline to just a quarterly blip. Pundits have volunteered diagnoses and prescriptions accordingly. However,…
[ad_1] Two former chairmen of the Securities and Exchange Board of India (Sebi) have, over the last four months, called for studying the impact of regulation, so that it can be factored into decision-making. M. Damodaran, speaking at the recent Mint BFSI summit, argued that Sebi must convey the rationale of its decisions effectively because…
[ad_1] Inspired by developed nations, this progressive tax system is designed to promote fairness by imposing incrementally higher tax rates on higher income brackets. For instance, an individual earning â‚ą5,00,000 pays tax at 5%, while someone with an income of â‚ą7,00,000 is taxed 5% on the first â‚ą5,00,000 and 20% on the additional â‚ą2,00,000. This…
[ad_1] I’m going to offer some simple ones, which you can get done while your enthusiasm is high and the New Year is young—resolutions that don’t require you to grit your teeth and exercise will power for 365 days. Most can be finished this weekend, but would give a lifetime boost to your portfolio. First…
[ad_1] Costco Wholesale Corp has made a business out of doing things its own way. It pioneered and perfected the high-low formula, selling bulk toilet paper and $1.50 hot dogs alongside gold bars, diamond rings and more wine from Bordeaux than any other retailer. It keeps its profit margins low while requiring a membership fee…
[ad_1] Mumbai: State-owned Indian Renewable Energy Development Agency (Ireda) has sought government approval to sell up to 10% stake, as the non-bank lender aims to raise about â‚ą4,500 crore in equity to fund growth. “We are seeking the Government of India’s approval for allowing natural dilution of their stake by up to 10%. The government…
[ad_1] Most Indian investors have primarily focused on the domestic market for various reasons, including strong economic growth and solid fundamentals. This has led many to overlook investment opportunities abroad. Additionally, restrictions on transferring large sums of money outside India and the additional paperwork involved have further contributed to the India focus. Global opportunities and…
[ad_1] Forced to rebuild from scratch, the Mumbai-based couple, now in their early 50s, navigated corporate comebacks and personal sacrifices to stand as a testament to the power of perseverance and being financially savvy. Today, they believe that true wealth lies not just in earning, but in managing what you have. Early life With a…
