Mumbai: The Indian rupee strengthened moderately to close at 94.74 on Monday, from 94.90 the previous day as oil prices declined from six month peaks, and ahead of the US midterm elections.
If you are a salaried individual who rushed to file your tax return ahead of the 31 July deadline, you might have accidentally used the wrong form. Certain hidden or overlooked income streams can make you ineligible to file your returns on simple forms such as ITR-1 or ITR-2. In fact, certain types of income…
With August’s historical seasonality favouring Indian equities, analysts have identified stocks well placed to outperform based on derivatives build-up, though a few continue to attract bearish bets on weakening technicals. With August’s historical seasonality favouring Indian equities, analysts have identified stocks well placed to outperform based on derivatives build-up, though a few continue to attract…
Mumbai: State-owned Nabard rejected offers received for its ₹8,000-crore bond issue Tuesday after investors demanded yields in excess of 7.60% for a tenure of five years. Nabard’s bond was one of the largest proposed issuances in more than a month. The lender planned to borrow around 7.40% – 7.45%, market participants said. The withdrawal highlights…
A successful career is incomplete without a proper retirement plan. To secure financial stability for yourself and your family in later years, salaried employees must adopt a disciplined and diversified savings strategy. The Employees’ Provident Fund (EPF) plays a central role in this process. How EPF contributions work Consistent contributions from employees Consistent contributions from…
More than 31.82 crore unorganised workers have registered on the e-Shram portal, a government initiative aimed at creating a national database of unorganised workers and improving their access to social security benefits. Launched by the Ministry of Labour and Employment on 26 August 2021, the portal covers unorganised workers, including migrant workers, gig workers and…
Mumbai: Yes Bank expects its Common Equity Tier 1 (CET1), or core loss-absorbing capital, to shrink more than two percentage points to 11.4% as of September after India’s top court voided the 2020 write-down of additional Tier 1 bonds, prompting a 17% stock hemorrhage since Thursday. “The manner and the timing of reinstatement of the…
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