EXPENSE MANAGEMENT
![Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery](https://img.etimg.com/thumb/msid-111377263,width-100,height-75,resizemode-4/news/india/big-fat-indian-wedding-at-rs-10-lakh-cr-expenses-second-only-to-food-grocery.jpg)
Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery
The Indian wedding industry, worth around Rs 10 lakh crore (USD 130 billion), is second only to food and grocery. Hosting 8-10 million weddings annually, India leads globally. Weddings significantly impact multiple sectors, driving growth in jewelry, apparel, catering, and more. Despite economic classes, spending on weddings often exceeds education costs.
![Explained: Expense ratio in mutual funds and how your money is spent](https://img.etimg.com/thumb/msid-111361004,width-100,height-75,resizemode-4/mf/analysis/explained-expense-ratio-in-mutual-funds-and-how-your-money-is-spent.jpg)
Explained: Expense ratio in mutual funds and how your money is spent
In other words, it is the per-unit cost of running and managing the mutual fund. The expense ratio differs from fund house to fund house. The expense ratio is calculated as a percentage of daily investment value.
![Financial industry grappling with AI's gifts and perils, executives say](https://img.etimg.com/thumb/msid-111343541,width-100,height-75,resizemode-4/tech/artificial-intelligence/financial-industry-grappling-with-ais-gifts-and-perils-executives-say.jpg)
Financial industry grappling with AI's gifts and perils, executives say
Zack Kass, a former head of business partnerships at OpenAI said AI systems could be better than humans at explaining to clients why they arrived at recommendations like portfolio allocations or lending decisions. He added that people are not good at explaining subconscious biases that could affect such decisions.
![FedEx eyes fiscal 2025 profit just above Wall St target, shares soar](https://img.etimg.com/thumb/msid-111271910,width-100,height-75,resizemode-4/markets/stocks/news/fedex-eyes-fiscal-2025-profit-just-above-wall-st-target-shares-soar.jpg)
FedEx eyes fiscal 2025 profit just above Wall St target, shares soar
FedEx anticipates strong profits in fiscal 2025, considering strategic actions like potential freight business sale and ending the unprofitable postal service contract. Despite market challenges, FedEx's revenue grew amidst cost-cutting measures and operational consolidation, reflecting the company's resilience and focus on long-term sustainability.
![Yes Bank restructures workforce, lays off 500 employees in cost-cutting move](https://img.etimg.com/thumb/msid-111266237,width-100,height-75,resizemode-4/industry/banking/finance/banking/yes-bank-restructures-workforce-lays-off-500-employees-in-cost-cutting-move.jpg)
Yes Bank restructures workforce, lays off 500 employees in cost-cutting move
While the layoffs have happened across several verticals ranging from wholesale to retail, the branch banking segment saw a large impact, one person cited above said. The people sacked have been given severance pay amounting to three months’ salary. “Yes Bank has launched an internal restructuring exercise at the advice of a multinational consultant. So far, around 500 have been asked to go and we can see more sackings in the coming weeks,” a person aware of the development said.
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VRL Logistics outlook: Should you buy this stock? Know why analysts are bullish on this stock
VRL Logistics: Analysts are confident about VRL Logistics due to its aggressive expansion and investment plans, and the promising outlook of the logistics industry. The buoyant prospects of logistics industry will continue to support the company’s growth. The company has multiple differentiators to sustain its growth momentum. An Emkay May 2024 report states that its business model will help reap benefits of operating leverage due to owned assets and branch expansion plans.
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Critics will agree that Indian stock market is not very expensive: Nilesh Shah
While India’s market capitalization to GDP ratio is at an all-time high level, valuations are not at an all-time high, Dalal Street’s veteran stock picker Nilesh Shah said at AIF & PMS Conclave 2.0 on Wednesday.
India has been expensive market post COVID for last three years: Gautam Trivedi
China currently is still at about 9 to 9.5 times calendar 25 PE, we are at 21, 21.5 times, so still a huge premium to China. So, I said, over the past three years, India has been expensive post COVID. You have still put money. In fact, last year, they put cumulative $21 billion of net FPI flows into India. So, year-to-date why are you selling? And they said, finally, we do have an alternative.
I received Rs 70 lakh after retirement. Where should I invest this amount for good return?
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.
Motilal Oswal Mutual Fund launches quant fund
Motilal Oswal Mutual Fund launches Motilal Oswal Quant Fund, an open-ended equity scheme managed by Ajay Khandelwal and Rakesh Shetty. NFO is open for subscription until June 5, benchmarked against Nifty 200 Index TR, offering regular and direct plans with growth and IDCW options.
HDFC Small cap mutual fund is lagging behind the index and its peers sharply; what should investors do
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
That AC or fridge you were planning to buy just got more expensive
Consumers in Kolkata will experience 2-5% price hikes on electrical goods due to factors like high inflation rates in copper and aluminium, freight cost increases, Red Sea crisis, and rupee depreciation.
Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Nifty Bank ETF
Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Nifty Bank ETF, tracking the Nifty Bank Total Returns Index. With a minimum investment of Rs 5,000, it offers exposure to the Indian banking sector for long-term capital appreciation.
Here’s how this Gujarati chartered accountant bagged free stay for his kids & cut transport expenses in Dubai
Shah disclosed his accommodation at a hotel charging Rs 12,000 per day. The entrepreneur emphasized his preference for hotels where additional charges for his children were not incurred. "It's always a challenge with growing kids, but fortunately, I consistently find deals where the 'Free Kids' allowance aligns with my children's ages. Moreover, these hotels offer access to Kids Clubs with babysitting services and various activities for children," he wrote.
Shree Renuka Sugars Q4 Results: Firm posts loss on higher expenses
Shree Renuka Sugars Ltd reported a net loss of Rs 111.7 crore for Q4, a decline from a profit of Rs 44.6 crore in the same period last year.
Tide enables bill payments for MSMEs to streamline expenses
Tide’s Bill Payments are expected to help small businesses pay for a range of utilities such as electricity, gas, postpaid mobile and broadband bills.
Top features of personal loans and the factors to consider before getting one
All you need to know about personal loans and what you should keep in mind before opting for one.
JM Mutual Fund launches smallcap fund
JM Mutual Fund has introduced JM Small Cap Fund, an open-ended equity scheme primarily focusing on small-cap stocks. The new fund offer (NFO) of this scheme is currently open for subscription and will conclude on June 10.
A Mumbai firm finds a way to reduce container turnaround time from 34 days to 2 days
Backed by Zerodha founders, MatchLog Solutions has found an answer to an issue that has haunted transporters for years.
CESC Q4 Results: Net profit falls 7% YoY to 415 crore
CESC Ltd on Thursday reported a 6.74 per cent fall in its consolidated profit to Rs 415 crore for the March quarter, supported by higher income. It had clocked a net profit of Rs 445 crore in the year-ago period, the power company said in an exchange filing.
Torrent Power Q4 Results: Net profit falls 8% to Rs 447 crore
Torrent Power on Wednesday reported a 7.6 per cent dip in its consolidated net profit at Rs 447 crore in March 2024 quarter mainly due to high expenses. The company had reported a consolidated net profit of Rs 484 crore in the quarter ended March 2023, a BSE filing showed.
IRDAI relaxes procedural norms on expense of management, share transfer
IRDAI introduces new Master Circular, streamlining application procedures, ESOPs compliance, share transfers, and specifying timelines for prior approval and amalgamation guidelines. Reporting for capital forms and lock-in periods clarified.
6 Travel expenses for which you can use a personal loan
Personal loans from IDFC FIRST Bank, specifically FIRSTmoney, help cover travel expenses without draining savings. FIRSTmoney's digital loans offer flexible fund access for stress-free travel planning.
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.
Mankind Pharma Q4 Results: PAT zooms 62% YoY to Rs 477 crore, revenue jumps 19%
Mankind Pharma Q4 Results: The revenue from operations stood at Rs 2,441 crore versus Rs 2,053 crore reported in the year-ago period. Its board approved the raising of funds worth Rs 7,500 crore via the issuance of equity shares. For the full financial year, the consolidated PAT stood at Rs 1,942 crore as against Rs 1,310 crore reported in FY23.
HDFC Bank says 6-7 pc of overall annual expenses are on tech
It can be noted that HDFC Bank was the first major lender to be slapped with business restrictions like a pause on issuing new credit cards and also launching new online products over two years ago.
Godrej Agrovet Q4 Results: Net profit jumps almost 3-fold to Rs 65 crore
Godrej Agrovet Ltd on Thursday posted close to a three-fold jump in consolidated net profit to Rs 65.48 crore in the March quarter on slightly higher sales and reduction in expenses. The company's net profit stood at Rs 23.47 crore in the same quarter previous fiscal, the company said in a regulatory filing.
Where to look for new opportunities in this expensive market?
In an expensive market, hidden opportunities exist despite high valuations. Asset management companies offer potential post sector rerating. Discounted prospects like UTI and ABSL present favorable entry points for investors eyeing long-term growth.
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