Say you have ₹10 lakh. You don’t put all of it in a five-year bond. Instead, you put ₹2 lakh each into instruments maturing in one, two, three, four and five years. When the one-year rung matures, you reinvest that ₹2 lakh in a new five-year instrument. After the first few years, one part of your money matures every year, and each new rung earns the longer-tenure rate.
The number of billionaires in India has growth 4x over the past five years, Minister of State (MoS) for Finance Pankaj Chaudhary told the Parliament today. He was responding to a question on whether the government is aware about the significant increase in billionaires in India, and that the country leads globally in this regard….
In response to a mass workers’ strike earlier, the Punjab state government directed officers to issue show cause notices to employees for their “unauthorised” absence on Thursday, PTI reported. This comes after over 3 lakh state government employees went on strike by taking mass leave on 27 August to push for payment of pending Dearness…
The UPI Merchant Discount Rate (MDR) framework will take effect from 15 October 2026, with a 0.40% MDR applying to Person-to-Merchant (P2M) UPI transactions above ₹2,000 for standard merchants. However, the rate varies based on the transaction value, merchant category, and type of payment. According to a Motilal Oswal Financial Services’ Morning India report released…
Are you riding or driving an electric vehicle (EV)? Then, you must have an insurance policy that specifically covers the battery, as it accounts for nearly 50% of the vehicle’s cost. Insurance for EVs is more expensive than for petrol- and diesel-powered vehicles. Most insurance policies do not cover batteries. The cover for batteries can…
Coming month is likely to witness an IPO rush with more than a dozen companies, including Zepto, Truhome Finance and logistics platform Shiprocket gearing up to launch their initial share-sale. The upcoming issues, expected to collectively raise over Rs 25,000 crore, include a mix of fresh equity issuances and offer for sale (OFS) component, merchant…
Mumbai: The Indian rupee on Tuesday closed at its weakest level in nearly three months as Brent crude oil leapt to more than $108 per barrel and US 10-year bond yields breached the 5% mark, a rarity this millennium. The currency closed at 95.95, versus its previous close of 95.55, with the Reserve Bank of…