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Apple Pay is likely to launch in India at the end of September or in October, opening the door to the country’s premium digital payments market. Initially, Apple Pay will only support credit cards issued by global payment networks such as Visa and Mastercard. And, UPI payments may not be available at launch. For that,…
DA hike: West Bengal has on Monday decided to launch a dedicated website for its 7th pay commission, PTI reported citing a senior state government official. The commission will post proceedings and official information on the portal, it added. The Bengal government also clarified that it has not made any recommendations to the panel on…
Equity mutual fund inflows moderated in July, but investors continued to favour small- and mid-cap funds, while debt funds staged a sharp reversal. SIP contributions remained above ₹31,000 crore, highlighting continued retail participation. The biggest swing came from debt funds, which attracted ₹1.88 lakh crore in July, after witnessing an outflow of ₹1.09 lakh crore…
Retirement is a major financial milestone. After decades of earning and building wealth, the focus shifts from accumulating a corpus to making that money last. For someone retiring with a corpus of ₹75 lakh, the key question is not simply where to invest the money. It is about deciding how much should remain liquid, how…
Systematic Investment Plans (SIPs) are financial instruments designed to invest a fixed amount periodically in different mutual fund categories, with equity SIPs generally recommended for long-term investing. Data suggests that equity mutual fund investors should look beyond short-term returns as the probability of losing money tends to decline with longer holding period. Why long-term? SIPs…
Some credit card users who rely on autopay say they have found their payment settings switched to the minimum due without their knowledge. Here’s what your credit card isn’t telling you.
Whether you are sending money abroad or buying foreign currency for an upcoming trip, the rate you receive varies significantly depending on where you transact. Banks, travel aggregators and money changers all offer different rates. Even a small difference per dollar can add up meaningfully on larger transactions. Here is a complete breakdown of INR-to-USD…
Inheritance rights of an adopted child are often questioned but Allahabad High Court’s recent judgement has cleared the confusion. The case pertains to inheritance rights over agricultural land of a child adopted by a widow after her husband’s death. The court ruled that a child adopted by a widow after her husband’s death is considered…
That is why value tends to favour companies whose worth is already visible in their financials, while contra opportunities, as Basu puts it, lie “not only in cheap stocks, but also in high quality, growth businesses, sectors, or themes that are temporarily out of favour.”
Shares of Aarti Pharmalabs extended their post-earnings rally, gaining 33.4% over two days to trade at Rs 896.05 during Tuesday’s session. The stock has risen after the company reported strong June-quarter results, with consolidated profit surging 65.4% year-on-year and revenue increasing 38.7%. Strong revenue and profit growth drive earnings Aarti Pharmalabs reported consolidated revenue from…