“The more powerful feature is what happens when you make a claim. Your NCB doesn’t go back to zero. If you were at 90%, it comes down to 80%; if you were at 80%, it comes down to 70%. So, you move down by just one step rather than losing the entire accumulated benefit,” said Neelesh Garg, chairman and founder, Kiwi General Insurance.
PhonePe this week launched a fixed deposit (FD) distribution, which allows users to compare options on offer by partner banks and non-banking financial companies (NBFCs) before booking FDs on its mobile app, the company said in a release. Further, the online payment aggregator has also introduced a Daily Recurring Deposit (SIP) micro-savings product with Shivalik…
Shares of auto components manufacturer Samvardhana Motherson International surged over 7% to Rs 166 on the BSE on Friday, after the company posted its highest-ever quarterly revenue in Q1 FY27 and a 70% jump in profit after tax. As per a regulatory filing on Thursday, revenue from operations rose 17% YoY to Rs 35,244 crore,…
Yashpal, a supervisor at a construction company in Bhalswa, was having just another workday in Delhi on 22 June 2010 when things took a turn for the worse during his lunch break. An iron rod fell upon him from a mobile cane, resulting in the amputation of his left leg. Since the accident occurred at…
The tax changes announced in Budget 2025 have strengthened the case for the new tax regime, with lower slab rates and a higher standard deduction reducing the tax burden for many salaried individuals. However, for those earning ₹30 lakh a year, the choice between the two regimes isn’t always straightforward. At this income level, the…
What’s a gift that has the potential to be worth more tomorrow than it is today? Stock. But before transferring shares to a family member or friend, it’s important to understand the tax rules. Who receives the gift determines whether it’s tax-free and how future gains are taxed. Here’s a look at the rules and…
ET Intelligence Group: Laser Power & Infra, a manufacturer of power cables and conductors, plans to raise ₹542 crore through a fresh issue to repay debt and ₹200 crore through an offer for sale. The promoter stake will fall to 75.3% after the IPO from 100%. The company is expected to benefit from increasing demand…