Now, if you wanted to buy a car priced at ₹5 lakh and you were told to find an alternative, you would start looking for other cars which cost around ₹5 lakh. If NAVs are loosely referred to as the price of a fund, then people will bring their existing mental model of what the word means to mutual funds as well. You can’t blame them.
Ahmedabad: The charisma of Prime Minister Narendra Modi is among the key factors most likely to influence voters in the ensuing Lok Sabha elections in Gujarat, according to political observers. Lok Sabha polls in Gujarat will be held in a single phase on May 7. Counting of votes will be held on June 4. Anti-incumbency,…
The Employees’ Provident Fund Organisation (EPFO) has introduced several updates this year that could affect how salaried employees access their PF money, transfer accounts after changing jobs and use other EPF-related services. Some of these updates are already in effect, while others are part of the retirement fund body’s broader push towards a more digital…
The lending ecosystem world over has become significantly more interconnected over the past decade. Traditionally, a financial institution was contacted by the borrower, who handled every stage of the lending journey, from customer acquisition and underwriting to funding, servicing and collections. However, in this new era, collaboration is key as banks, non-banking financial companies (NBFCs),…
The Andhra Pradesh state government has begun annual disbursement of its Talliki Vandanam Scheme 2026 through Direct Benefit Transfer (DBT) to bank accounts of eligible beneficiaries. Launched in June last year, it is a welfare scheme aimed at supporting education in the state. Talliki Vandanam provides ₹15,000 financial assistance to mothers or guardians of over…
The shares of Tata Consultancy Services (TCS) rallied around 7% on Monday, extending a two-session gaining streak that added more than Rs 56,225 crore to the market capitalisation of India’s largest IT company. TCS shares rose to Rs 2,204.90 apiece on the NSE on Monday afternoon, the highest level seen by the stock in nearly…
Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut the frequency of viewing-hours reports as the company seeks new avenues of growth. Shares of Netflix fell nearly 8.6% in after-hours trading to $67.99. The company led by Co-CEOs Ted Sarandos and Greg Peters said…