An annual mutual fund ritual
Previously, in this column, we discussed the cost of switching from a regular plan to a direct plan for your mutual fund (MF) investments. To complete the discussion, we look at the growth and income distribution cum capital withdrawal (IDCW) options offered by fund houses. Reinvesting cashflows The IDCW option
Why do Indian consumers ignore term insurance?
In this world, nothing can be said to be certain, except death and taxes. Benjamin Franklin expressed the realities of life several centuries ago. Despite its inevitability, often we see untimely death leading to a family facing severe financial consequences. Term insurance is the purest form of insurance, where for
Sale of profit-making FSNL to Japanese company anti-national: CITU
Tapan Sen, former MP and CITU general secretary. | Photo Credit: RAO GN Left-leaning Centre of Indian Trade Unions (CITU) has questioned the Union government’s decision to sell public sector firm Ferro Scrap Nigam Limited (FSNL) to a Japanese corporation. A subsidiary of MSTC Limited, the FSNL had recently made
NTPC Green Energy Q3 profit grows 18% to ₹66 crore
Image for representative purposes only | Photo Credit: Special arrangement NTPC Green Energy Ltd (NGEL) on Saturday (January 25, 2025) reported an 18% rise in consolidated net profit at ₹65.61 crore for the December quarter FY25, on account of higher income. It had logged ₹55.61 crore net profit in the
Jio unveils ‘free for life’ JioSoundPay in its cheapest 4G phone
The JioSoundPay would provide instant, multilingual audio confirmations for every UPI payment received, without needing any sound box, enabling seamless and efficient business operations for even the smallest kirana stores, vegetable vendors, and roadside eateries, the company said. | Photo Credit: Special Arrangement Reliance Jio Infocomm Ltd (Jio) has announced a ‘free
Customers get a glimpse of the new compact SUV Kia Syros
Launch of Kia Syros in Chennai on January 25, 2025. | Photo Credit: R. Ravindran From panoramic sunroof to wireless charging, stolen vehicle tracking to front ventilated seats, customers in Chennai were given a glimpse of what Kia promises to offer in its new compact SUV, the Syros. R. Arunkumar,
NSIC to support five lakh micro or small-scale enterprises get into e-commerce
The National Small Industries Corporation (NSIC) will support five lakh people, mainly women and those from scheduled caste/scheduled tribe communities, get into digital selling platform in the next three years. Vidya Sagar Singh, Senior General Manager (Digital Services Facilitation) of the NSIC, told The Hindu on Saturday that the Central
Dr. Agarwal’s ₹3,062 crore IPO to hit market Jan. 29
Ahead of its ₹3,062 crore Initial Public Offering (IPO) launch, the management of Chennai headquartered Dr. Agarwal’s Health Care Limited said there has been a phenomenal growth in the eye-care market in India. The IPO includes a ₹300 crore primary raise, with the balance ₹2,762 crore from a secondary sale
Centre finally notifies Unified Pension scheme option for government staff covered by NPS
Photo used for representation purpose only. | Photo Credit: Getty Images/iStock The Unified Pension Scheme shall be applicable to such Central Government employees who are already covered under NPS and who “choose” the UPS option, the notification said, indicating workers will have to actively enroll into the UPS. “The existing
IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 Crore, Core Operating Profit up 15% YoY
Mumbai, Maharashtra, India: Financial results IDFC FIRST Bank today announced the unaudited financial results for the quarter and nine months ended December 31, 2024. Deposits & Borrowings Customer Deposits increased 28.8% YOY from Rs. 1,76,481 crore as of