With uncertainty looming large over equity markets, investors looking to deploy a lump sum are facing a tricky question: how to go about allocating money to various assets. Wealth managers generally favour a mix of equities, debt and gold, with allocations varying as per investors’ risk appetite.
Shares of HDB Financial Services jumped 4.5% to Rs 786 on the BSE on Thursday after the non-banking financial company reported a strong set of June quarter earnings, with profit rising 38% year-on-year, driven by higher net interest income and improved asset quality. The company reported a profit after tax of Rs 785 crore for…
For 25-year-old first-time earner Rony, starting his investment journey can feel extremely overwhelming, especially when the markets are volatile, and considering that his risk appetite is low. With no experience navigating the market cycles, the biggest challenge is not chasing returns but building confidence without taking on more risk than he can handle. A simple,…
UPI transaction volume remained above the 24-billion mark in September despite a 1.8% month-on-month decline, according to data released by the National Payments Corporation of India (NPCI), even as concerns among traders over the introduction of a Merchant Discount Rate (MDR) from October 15 loom over the digital payments ecosystem. The Unified Payments Interface recorded…
Shares of Ather Energy rallied 4% to Rs 1,675 on the BSE on Monday after the electric two-wheeler company launched its new Konarc electric scooter at a starting price of Rs 99,999. The company is positioning the new model as a more accessible electric scooter for Indian riders. The Ather Energy stock is up 132%…
Shares of Graphite India surged as much as 18.5% to Rs 870 on the BSE on Wednesday after global graphite electrode maker GrafTech International announced a 30% price increase, raising expectations of firmer electrode pricing globally. The development gains significance as Graphite India is currently the only listed pure-play company in the space. HEG is…
The month of September has brought several important updates and changes for central government employees. They include changes to Leave Travel Concession (LTC) air travel, study leave rules, scholarships for canteen employees’ children, and the introduction of iGOT karmayogi RTI courses for nodal officials, along with a notification on the closure of all central government…
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