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Pune: The Multi Commodity Exchange of India Ltd. (MCX) on Friday announced the introduction of futures contracts on Crude Sunflower Oil. India consumes an estimated 26–27 million tonnes of edible oil annually, with more than 60% of its requirement met through imports. This significant import dependence leaves the domestic market exposed to global price movements,…
Reddit shares jumped more than 14% on Friday after the S&P Dow Jones Indices said the social media platform would join the benchmark S&P 500 index, replacing AvalonBay Communities. Analysts at J.P. Morgan estimate index funds tracking the S&P 500 would need to buy 16.7 million Reddit shares. That is nearly three times the stock’s…
The Bharatiya Mazdoor Sangh (BMS) said that it will hold demonstrations across India on 17 August, to push for workers’ demands and pressure the government, PTI reported. The trade union has listed among other things higher minimum pension, variable dearness allowance (DA), and employees’ provident fund (EPF) ceiling as issues, the report added. BMS on…
For decades, the conversation around women’s financial empowerment has focused on one thing: income. It has always been about breaking the glass ceilings, boosting workplace representation, and closing the gender pay gap. However, the Economic Times noted that while these are crucial milestones, they often mask a more fundamental truth — earning money and having…
The Maharashtra government may provide ₹3,000 to women enrolled in the Ladki Bahin scheme before Raksha Bandhan. However, beneficiaries await clarity on pending payments for July and August, with no official confirmation yet on the potential combined instalment or payment dates.
Sound financial planning includes securing your child’s future using a government-backed savings scheme, such as the public provident fund (PPF), which is offering 7.1% interest rate this quarter. Among the safest investment options in India, it can help with the big expenses in your child’s future, be it health, marriage, education or other aspirations. Opening…
Subhashree Sahu, a well-known digital content creator from Odisha, had her Instagram account taken down. Before this, her earnings from paid subscriptions were humongous. Take a look. Subhashree Sahu has built a large following across multiple social media platforms. Her content includes lifestyle vlogs, dance videos and short-form reels. She commands a combined audience exceeding…
A bank’s refusal or delay in returning money from a matured fixed deposit can leave depositors in a difficult position. A recent Kerala High Court ruling has highlighted that banks handling public funds have a responsibility to make timely payments to depositors. The case involved a Thrissur depositor whose ₹5 lakh fixed deposit matured in…
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld an income tax demand and penalty under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, after an Indian taxpayer failed to disclose a foreign bank account and shares held in a UAE-based company. About the Case Ashok…
Wealth management is often reduced to simply choosing the right financial products for a portfolio and tracking short-term returns. But, true advisory extends far deeper into family governance, legacy stewardship and long-term values. This core philosophy took centre stage in the latest episode of Let’s Mint Money, brought to you by Waterfield Advisors and Mint,…