Replacing Russian crude, which has accounted for 47% of India’s imports since the Iran war began, will be difficult for local refiners in the current market, with many key suppliers already cut off, industry executives said in the light of recent legislation passed by the US Congress.
NAV, or Net Asset Value, is often described as the ‘price’ of a mutual fund unit. Understanding what NAV actually means can help investors make better-informed decisions while selecting a mutual fund (MF) scheme. An NAV represents the value of one unit of a mutual fund scheme. It is calculated based on the market value…
A time correction takes place in a more subtle way. Instead of falling hard, the index drifts sideways or slips modestly for a long stretch — while earnings typically catch up. Between November 2010 and end-2013, the Nifty was essentially flat, near 6,300 at both ends three years apart, even as company profits grew. Because…
PPF currently offers an interest rate of 7.1% a year. But for investors who can claim a tax deduction on their contribution, the effective return can be higher than the headline rate. The difference comes from a benefit that is often left out when PPF returns are compared with other investments. This is the tax…
Bank holiday today: Most public and private banks across India will remain open today, on Saturday, 18 July. According to the Reserve Bank of India (RBI)’s holiday calendar, bank operations will continue as normal since it is the third Saturday of the month. Hence, SBI, HDFC, ICICI, PNB, and other banks will remain open today….
Couples without children typically anticipate requiring significantly smaller nest eggs for retirement compared to parents. A widespread assumption persists among child-free couples that avoiding child-rearing expenses automatically lowers overall retirement funding needs. While this logic seems compelling on paper, actual retirement planning for non-parents presents distinct complexities. These individuals navigate unique financial objectives, vulnerabilities, and…
ET Intelligence Group: ITC’s June 2026 quarter earnings reflected the impact of higher cigarette taxes and West Asia-related disruptions, with a 27% year-on-year fall in net profit despite 28% increase in gross revenue. However, resilient growth in the consumer segment and a strong recovery in the paperboards and packaging business helped cushion the impact. While…