Gold and silver alone drew in roughly ₹65,000 crore in a single year, despite the explosion of SIP culture and fintech-led investing. Gold imports have nearly doubled since 2017-18, crossing ₹4.89 lakh crore in FY25. Meanwhile, on the other side of the ledger, household financial liabilities have more than doubled in five years, growing faster than financial assets.
National Stock Exchange of India (NSE) on Friday said it has paid Rs 714.74 crore to Sebi after receiving the regulator’s in-principle approval to settle the long-pending colocation and dark fibre cases for Rs 1,491.21 crore. The latest payment, together with the Rs 776.47 crore already deposited by the NSE, completes the Rs 1,491.21-crore settlement…
Rajju Choudhary, vice-president, partnerships & alliances at Multipl, said, “Say a family spends ₹30,000-40,000 a month on apps like Zomato, Swiggy, Uber and Myntra. On Multipl, that amount is invested into curated mutual funds on the first day of the month so that it starts earning returns immediately instead of sitting idle. Money is supposed…
Ray Dalio, the billionaire founder of Bridgewater Associates, has warned that the market rally driven by artificial intelligence is showing signs of a bubble similar to those seen before the 1929 crash and the dot-com bust in 2000. Dalio made the comments during an appearance on The Diary of a CEO with Steven Bartlett. Bartlett…
A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings led by technology companies and heavyweights in artificial intelligence. Major equity indexes posted weekly declines, dragged down on the…
This refers to your edit ‘India needs new banks’ (ET, Mar 4). Financial inclusion and financial literacy will be the paramount objective while implementing reforms along with UID project to protect the interests of poor. Modern banking system has lost apersonal touch. Even citizens from semi-urban areas are reluctant to use ATMs. NextGen banking may…
Central government employees and pensioners are likely to receive a 3% Dearness Allowance (DA) hike starting July. This hike is projected based on the current inflation trend. Given that the projections have raised hopes among lakhs of serving central government employees and pensioners, the final increase will still depend on the June 2026 All India…