As young Indians embrace credit, a crucial lesson unfolds: financial planning must extend beyond just affording EMIs. With many lacking life and health insurance, securing future earning potential becomes paramount.
The Municipal Corporation of Delhi (MCD) is considering one-time regularisation of contractual employees and extending entry-pay, dearness allowance, leaves and other benefits to them, according to a PTI report. The MCD is examining possibility of one-time regularisation of eligible contractual employees working against vacant sanctioned posts, the report added. This comes after Mayor Pravesh Wahi…
Mumbai: General Insurance Corporation of India (GIC Re) has reported a 9.7% year-on-year increase in quarterly profit after tax, helped by an improvement in claims and underwriting performance. For the June quarter, the company on Thursday said profit after tax increased to Rs 1,922 crore compared with Rs 1,752 crore a year earlier. Gross premium…
Bank fixed deposits (FDs) remain a preferred investment option for risk-averse investors and those seeking predictable returns. While FDs can provide stability and guaranteed interest income, investors should compare rates across banks and choose the tenure based on their financial goals. According to data from BankBazaar, DCB Bank, RBL Bank, YES Bank, Tamilnad Mercantile Bank…
“That growth far outpaces the increase in corpus, membership or even the number of pensioners. India’s formal workforce is ageing, and the fastest-growing category of pensioners isn’t retirees but surviving spouses, whose numbers have risen 28% over the past five years. EPFO is gradually shifting from paying workers to supporting the families they leave behind,”…
Asian stocks gained as further evidence of moderating US inflation and a pullback in oil prices reinforced bets that the Federal Reserve will refrain from raising interest rates next month. MSCI’s Asia Pacific equities gauge advanced 0.4%, with South Korea’s Kospi Index jumping almost 3%. Earlier, the S&P 500 rose 0.7% Thursday to a record,…
Within India, Chandan isn’t making narrow thematic bets either. “Sector-wise, I see meaningful opportunities in financials, materials, industrials, pharmaceuticals and consumer discretionary. The focus remains on identifying quality businesses with strong growth potential, reasonable valuations and the ability to compound earnings over the medium to long term.”