Flexi-Loan

The 8th Pay Commission’s Delhi consultations conclude today, 10 August, marking another important stage in its exercise to gather views from central government employees, pensioners, unions and other stakeholders. These meetings were attended by unions and associations registered in Delhi. Several other organizations, including the National Council-Joint Consultative Machinery (NC-JCM) and the Federation of National…

SYDNEY: Asian share markets tracked Wall Street higher on Monday after a soft U.S. jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher. Iran said on Sunday that a deal with Oman defining new shipping lanes in the…

Mumbai: Asset reconstruction companies (ARCs) bought ₹26,304 crore of bad loans in the June quarter, up 56% from a year earlier and almost double the amount acquired in the first quarter of FY25, data from the Association of ARCs showed. This came even as the overall level of non-performing assets in the banking system continued…

ET Intelligence Group: Molbio Diagnostics, a molecular diagnostics manufacturer, plans to raise ₹200 crore through a fresh issue for capital expenditure. It will also raise ₹740 crore through an offer for sale. The promoter group’s stake will fall to 43% after the IPO from 46.6%. The company operates six manufacturing facilities across India and serves…

Mumbai: The government has called a two-day meeting with state-owned lenders to brainstorm measures to attract foreign investments, a move aimed at stabilising the rupee and bridging the current-account gap that has widened largely because of the high energy import bill. The finance ministry has scheduled the annual two-day PSB Manthan with all public sector…

Mumbai: Overseas investors turned buyers in India’s beaten-down information technology shares in July, with inflows of ₹3,298 crore in the second half and ₹3,358 crore during the month – the first net buying in the sector this year. Consumer durables drew ₹4,958 crore and healthcare ₹3,654 crore from foreign portfolio investors in the July 16-31…

The public provident fund (PPF) is a top choice when it comes to long-term financial planning. Launched by the Centre in 1986, it is a reliable, low-risk government backed savings scheme with consistent and guaranteed returns and can be used to meet financial goals such as funding of wedding, children’s education abroad, buying a house,…

Small-cap mutual funds are known for their higher growth potential, but they also carry higher volatility and can see sharp declines during market downturns. However, a five-year SIP return shows how different small-cap schemes have rewarded investors. An investor who started a monthly SIP of ₹10,000 in a small-cap fund on 9 August 2021 and…

Delhi government’s flagship financial aid programme for women, the Delhi Lakshmi Yojana, has received more than 5.14 lakh registrations in seven days since launch on 1 August, state Chief Minister Rekha Gupta said on Saturday. Gupta called the response “unprecedented” adding that the volume of registrations reflected a trust in the scheme. As of 8…

Unclaimed amount in mutual funds stood at ₹3,811 crore at the end of FY26, up from ₹3,452 crore a year earlier, according to the Securities and Exchange Board of India’s (SEBI) Annual Report. Of the total, ₹1,122 crore was in unclaimed redemption amount, marginally lower than ₹1,128 crore in FY25. Meanwhile, unclaimed dividend amount rose…