FAMILY FINANCE
The Life Insurance Rule: How much money will your family need if your income stops?
Life insurance rule: A common rule of thumb for life insurance coverage is to have a life insurance policy that is at least 10 times your current income. This coverage should take into account any outstanding debts and loans you have. By following this rule, you can estimate the income your family would need to maintain their standard of living if you were to pass away.
Modi Cabinet portfolios allocated; Sitharaman retains finance ministry, Jaishankar to serve as EAM again
NDA Full List Ministry Portfolio: Prime Minister Narendra Modi began his third consecutive term on Monday by allocating key portfolios to ministers following their swearing-in ceremony. This cabinet formation includes 30 cabinet ministers, 36 ministers of state (MoS), and 5 MoS with independent charge from the BJP and its allies, marking the establishment of the National Democratic Alliance (NDA) government under his leadership
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
One segment of the markets which was most vulnerable to election results was the mid-cap segment of the market for one simple reason, valuations have been on the higher end. Now that a part of the election anxiety is behind as a new government gets formed. Once again the focus is back on the mid-cap. There are selected stocks from different sectors where analysts are bullish in time where there is rotational trade likely to take place in the next couple of months. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
IndiGo looking at various options for financing wide-body planes
IndiGo is exploring financing options for wide-body planes joining in 2027. CEO Pieter Elbers emphasized the importance of a strong balance sheet. The airline has a fleet of 360+ planes and 2 leased Boeing 777s from Turkish Airlines.
Managing finances after 80: Answers to three major personal finance questions for super senior citizens
As one ages, it becomes clear that the couple won’t leave the world together. Typically, the husband worries about the wife’s ability to manage money, while the wife worries about the husband’s ability to manage food and health. However, neither cooking, nor investing is rocket science, and it is never too late to learn these crucial life skills.
Bharti AXA-SBI Life sale talks collapse, PEs may throw in hat
The Indian government is monitoring imports of laptops, tablets, and servers, focusing on 27 companies under the Production linked incentive (PLI) scheme 2.0 for IT hardware. The government is preparing to replace the current import management system with an import authorisation mechanism to make the country a global manufacturing hub.
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Private philanthropy to expand at 10–15% annually in next five years: Neera Nundy, Partner, Dasra
Private philanthropy is expected to see a significant expansion with family philanthropy seeing a shift towards building a strong ecosystem.
Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
Should you buy a second house with a loan?
The key consideration in making this decision is to assess how it will impact their financial plan and goals. Shoaib or his wife might want to pursue alternative career options, take a break, or start their own business. They must ensure that they are not forced to continue with their jobs against their will because they find themselves in debt.
Starting your own business? Take these financial precautions before quitting your job
He has worked for 25 years and has held senior management positions in large companies. He holds a large portfolio of assets, including real estate, equity, mutual funds and bonds. He is fairly confident that his business idea will scale up. His two children are currently pursuing their graduation.
Don't use our family matters for political mileage: Somnath Bharti's wife to Nirmala Sitharaman
AAP's Somnath Bharti's wife, Lipika Bharti, refutes Sitharaman's anti-women party claim, asks not to exploit family issues for political gain. Bharti challenges Sitharaman's accusations, emphasizes happy family life, and demands apologies for false allegations.
Lok Sabha elections: Hazaribagh, BJP's citadel, sees fight without Sinha family for first time since 1998
Hazaribagh witnesses political changes as Manish Jaiswal replaces Jayant Sinha. Yashwant Sinha's support for J.P. Patel is crucial. Aashir Sinha's potential move to Congress adds complexity. Water scarcity at Patratu dam remains a pressing issue.
Singapore slings into a Wong future
Lawrence Wong, Singapore's new prime minister, faces challenges from China-US decoupling, navigating inherited strengths and emerging issues. Managing the island nation's growth amidst geopolitical shifts and economic pressures requires strategic decisions and adaptation to maintain Singapore's competitive edge.
Planning maternity breaks? How soon-to-be moms can make good financial plan
Mother's day 2024: This year Mother's day is on May 12, 2024. If you are soon to be a mom or planning to be one in next year or so, then it is important to have a good financial plan. This is to ensure that as a woman you have financial security. Read on to know how to make a good financial plan.
Adani Power shares jump over 7% after Gautam Adani, Rajesh Adani revoke pledged holdings
Shares of India's largest private thermal power producer, Adani Power surged 7.4% to Rs 527 after the company's promoters, Gautam Adani and Rajesh Adani revoked pledged shares worth Rs 8,638 crore.
Why many Indian women are saying no to marriage
Today’s young women know that this patriarchal arrangement will take away their power, forcing them to share responsibility disproportionately and render them financially unequal
PFC seeks legal view on Shapoorji Pallonji promoters' Rs 15,000 crore loan ask
State-owned Power Finance Corp (PFC) is seeking legal counsel regarding the approval of a ₹15,000 crore loan to the promoters of the Shapoorji Pallonji (SP) Group, leveraging their 18.37% shareholding in Tata Sons as collateral. Earlier this year, the Mistry family, who are the promoters, proposed obtaining funds from the lender based on cash flows from their real estate business and their Tata Sons shares.
How to manage money after losing spouse? 5 critical lessons to deal with family finances
In a sudden turn of fate, Shubha (49) became a sole guardian of her family's finances after her husband's death. With young children (17 & 13), she took charge, seeking guidance from trusted advisors. To secure their future, Shubha meticulously documented all assets (bank accounts, investments) and navigated complex paperwork to ensure ownership transitioned smoothly. Here are the financial lessons that you can learn from Shubha's journey.
CBAM, permanent establishment rules, transfer pricing key in India’s outbound FDI: EY
EY's report highlights how environmental concerns and clean energy challenges could impact Indian companies investing abroad. The report delves into areas like CBAM, transfer pricing, and investment rules, emphasizing the need for proactive measures. It also discusses FTA opportunities, global acquisitions, and risks related to BEPS rules, POEM, and intellectual property laws.
Won't back down, says Religare's Rashmi Saluja amid tiff with Burman family
"I may have agreed that five years ago, I didn't have the experience, but after five years, three successful businesses, a company turnaround and a great team and board to support me, I will not back down," Saluja told ET in an interview. "Any allegations of corporate governance against the board and the management are directly reflected toward the regulators. Our naysayers need to understand that."
How to manage household income
The need for personal funds arises when allocations become acrimonious. Couples have their own personal finance personalities, honed by their upbringing and attitude to money. A portion of household income, even if one spouse is not earning, allocated for personal use with no questions asked, is essential to enable assertion of one’s preferences.
Retirement planning: Where to invest to create retirement corpus of Rs 6 crore in 20 years
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Coming soon: A shield for your pledged gold
Banks plan to establish standardised rules for heirs to repay gold loans and reclaim family jewellery after the borrower's death. Variability in current practices leads to legal challenges and auctioning of pledged gold.
Kotak family-owned Infina Finance gives Rs 60 cr to BJP via electoral bonds
Little-known NBFC Infina Finance, owned by the Kotak family, has donated electoral bonds worth Rs 60 crore to the BJP. According to the data given by the State Bank of India (SBI) to the Election Commission, Mumbai-based Infina Finance purchased these bonds in the denomination of Rs 1 crore in 2019, 2020 and 2021.
8 easy tips for women to achieve financial freedom
Women in India face societal pressures and a gender pay gap. They must ensure that they are investing in themselves and their future, without neglecting their family's needs. Whether you're single, married, or divorced, navigating these challenges can be tough.
Women's Day 2024: Meet women who learned to manage finances and now drive the investment decisions of families
This week’s cover story showcases women like Jain who have taken charge of their family’s finances. Some of them are driving the investment decisions of their household, while others are equal partners in financial matters. The International Women’s Day this week is an appropriate time to celebrate such women who are working to spread financial literacy among their friends, relatives, and colleagues.
Financial planning advice for a young earner
A rigid financial commitment at this point may not be a good idea.
Financial divide in a family: How parents and adult children can recognise and resolve it
What we have in hand is a classical case of conflict in goals, objectives, and risk preference in the household. . Even if they do not agree with one another, both parties must acknowledge that they hold diverse views about personal finance. A simple conversation that puts both sides of an argument on paper creates a sense of understanding. It is the first essential step.
A personal finance problem for the household: Why family and finances need to be delinked
We attach a string of emotions and virtuosity to what should be normal and everyday financial decisions. Living within one’s means should be a goal grown-ups of all ages should be encouraged to pursue. Instead, we celebrate all forms of subsidies from the family.
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