FINANCIAL DIFFICULTIES
Who is Glory Bawa? Akshay Kumar extends Rs 25 lakh support to this Punjabi singer
Akshay Kumar assists Punjabi singer Glory Bawa with a generous donation of Rs 25 lakh, offering financial relief amidst her family's struggles. Akshay Kumar is currently working on his upcoming film 'Sarfira'. In a recent behind-the-scenes video from the set, Akshay was seen helping an elderly lady board her first-ever flight.
US weekly jobless claims rise labor market slows
The labor market shows signs of easing as unemployment benefits claims increase. Layoffs rise due to interest rates impacting demand, and challenges in seasonal data adjustments persist. Market anticipates Fed's potential rate cuts. Job cuts decrease in June, but higher than last year. Nonfarm payrolls data may reveal job increase. Job openings ratio remains steady, while Fed deliberates policy changes post-hikes. Continuing claims rise due to policy effects.
When Shah Rukh Khan's favourite black gypsy was taken away as he could not pay EMI's
Juhi Chawla reminisces about Shah Rukh Khan's early struggles in Bollywood during an event, recalling how he faced financial difficulties, including the repossession of his black Gypsy due to unpaid EMIs. Despite these challenges, Juhi praised Shah Rukh's determination and foresaw his future success. Their enduring friendship, spanning decades and collaborations in films and business ventures like Kolkata Knight Riders, highlights their shared journey.
IBC helps personal guarantors resolve financial stress: MCA
The Insolvency and Bankruptcy Code (IBC) provides opportunities for defaulting firms and personal guarantors to restructure debts. The Ministry of Corporate Affairs (MCA) emphasized the importance of trust in financial transactions and highlighted the benefits of the IBC for resolving financial difficulties. Data from the Insolvency and Bankruptcy Board of India (IBBI) shows a high number of applications for the insolvency resolution process of personal guarantors to corporate debtors.
Is Kanye West in financial crisis? Rapper seen flying economy class with Bianca Censori post-billionaire status
Kanye West and his wife Bianca Censori were spotted traveling in the economy class of an airplane. This was not the first time they traveled in the economy.
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.
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Right time to sell a stock: 6 signs indicating it's time to exit a large-cap stock
When to sell a large-cap stock: Knowing when to exit is crucial for equity investors with large-cap stocks. One must carefully assess various factors and indicators before deciding if now is the right time to sell a large-cap stock. Understanding market trends, company performance, industry outlook, and personal financial goals are all essential in making an informed decision about whether to sell or hold onto a large-cap stock.
CIBIL or credit score drop can cost you Rs 19 lakh more on a Rs 50 lakh home loan; 4 ways to avoid it
Many social media users are reporting sudden credit score dips. Erroneous transactions, lender misreporting, and late credit card or BNPL payments, over-utilisation of credit limits are some culprits. If you have a poor credit score or CIBIL score, you'll have pay to a few lakhs extra for any big-ticket loan such as a home loan. It pays to be aware of why credit scores drop suddenly and how it can impact your life. ET Wealth Online speaks to various experts to decode how to maintain a healthy credit score or CIBIL score.
Japan’s shocking population decline calls for urgent action, govt to take these actions, offer financial help
Birth rate and number of marriages have once again again Japan. This has prompted an urgent budgetary intervention by the government.
Mumbai cha raja kaun? Many reasons why 'Nakli Sena' won most seats in India's financial capital
The biggest electoral exercise in the country concluded with Uddhav Thackeray's Shiv Sena shining in Maharashtra, winning 9 out of 21 contested Lok Sabha seats. The party faced a tough Sena vs Sena battle in Mumbai North West, losing by a slim margin of 48 votes.
Markets can gain another 10% by year end: Samir Arora
But the bottom line is that this is a big event and the FIIs who have been selling for the last few months are not going to sell like this anymore and therefore you will be in a sweet spot where domestic guys are buying and foreigners are trying to build back their positions.
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
Aircel founder C Sivasankaran praises Modi govt, says today's India is not like what it was a decade ago, criticises UPA for pressuring businesses
Aircel founder Chinnakannan Sivasankaran has praised India's current business environment, noting, "Today no one can pressurize you." He contrasted this with the coercive pressures of a decade ago under the UPA regime, when Aircel faced severe financial struggles, intense competition, and regulatory challenges, ultimately leading to its market exit and liquidation in 2018.
Donald Trump may owe $100 million from double-dip tax breaks, audit shows
The New York Times and ProPublica revealed that Donald Trump employed a questionable accounting tactic to claim improper tax breaks on his Chicago tower, facing a potential $100 million+ tax bill. In recent months, Trump has also been ordered to pay $83.3 million in a defamation case and an additional $454 million in a civil fraud case brought by New York Attorney General Letitia James.
Myth Debunking 101: Unpaid internships are the only way freshers an gain experience
Freshers entering the job market often face the dilemma of choosing unpaid internships for gaining experience. While such opportunities can be valuable, experts caution against the financial burden and limited growth prospects. They recommend exploring alternatives like apprenticeships, freelance projects, and upskilling programs to enhance skills and career prospects effectively.
The key to investing success: Managing your psychological response to market cycles can determine your financial success
Experienced investors distinguish themselves from those who have simply spent time in the markets by possessing keen awareness that market trends, no matter how strong they appear, are ultimately temporary. Their extensive experience and recollection of previous market cycles serve as a reminder that what goes up must come down, and vice versa.
Export credit access may become easier amid geopolitical tensions
The government is evaluating ways to enhance export competitiveness by examining the export credit landscape. Seeking insights from exporters, it aims to address challenges and improve access to financial resources crucial for international trade. With a focus on reducing the cost of export credit, officials are studying best practices from other countries. This initiative comes as India's goods exports declined in FY24, prompting exporters to seek longer-term funding amid global uncertainty.
Government cancels FCRA licences of 6 NGOs over 'violations'
The NGOs include the Diocesan Society Church of North, Jesus and Mary Delhi Educational Society, Delhi Diocese Overseas Grant Fund, Institute of Economic Growth (IEG), Samuel Foundation Charitable India Trust and Hemophilia Federation of India (HFI). Earlier this month, the home ministry had revoked the FCRA licences of five leading NGOs on charges of violations.
IFC investments in India to zoom to over $4 bn, focus on climate finance
The International Finance Corporation (IFC) plans to increase its investment in India to over $4 billion this financial year, with a focus on climate finance. India's renewable energy targets and plans for a net zero economy by 2070 align with IFC's investment priorities, particularly in areas like batteries and electric vehicles (EVs). IFC also emphasizes financial inclusion, digitalization, infrastructure, and public-private partnerships as crucial for India's growth. However, challenges such as geopolitical developments and high interest rates may impact economic predictions and investment decisions.
Enough ideas to invest in even when market is at record high; betting on 3 sectors: Mukul Kochhar
Mukul Kochhar suggests going overweight on autos, financials, and pharma. He is positive on PSU as well as private banks based on their valuations. There is a preference for two-wheelers due to stability. The pharma sector is expected to outperform with pricing power. He remains underweight on cement, core FMCG, and IT sectors.
Supreme Court says Kerala responsible for its own financial misery, rejects state's plea to borrow more
Supreme Court rejects Kerala's plea for financial relief, attributing struggles to mismanagement. The case referred to a Constitution bench. The ruling has implications for state-Centre relations and fiscal policies in Indian federalism.
Trump says he has nearly $500 million in cash but doesn't want to use it to pay New York judgment
Former President Donald Trump claimed to have nearly half a billion dollars in cash on Friday, but said he would rather use it for his presidential campaign than to pay off a $454 million civil fraud judgment against him in New York. Trump vowed to fight the verdict all the way up to the U.S. Supreme Court if necessary, as the state may seize some of his assets if he doesn't pay. Trump's lawyers have been trying to excuse him from providing financial guarantees while he appeals the judgment.
Trump says he has nearly $500 million in cash but doesn't want to use it to pay New York judgment
Trump claims $500M cash for campaign over $454M judgment. Legal battles loom as AG James seeks asset seizure. Trump's media business deal could boost wealth to $3B.
Financial Independence: How women are increasingly taking financial decisions
Financial independence for women is not just about earning money but also about how to manage it wisely. Taking advice from a financial consultant can help women explore investment alternatives, savings, and debt management strategies.
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.
Global debt crisis deepens: Developing nations struggle under unprecedented financial strain
In 2022, developing countries faced a huge debt problem, paying a massive USD 443.5 billion in debt costs. The World Bank reported that this increase, caused by the highest global interest rate rise in 40 years, took away funds from important areas like health and education. Debt payments went up by 5% for all developing countries.
Unemployed Hyderabad couple hangs 4-year-old daughter, later commits suicide
A couple in Hyderabad decided to end their lives along with their four-year-old daughter, highlighting the challenges of unemployment and financial difficulties. The bodies of the couple and their daughter were found hanging in their home. The motive behind the suicide remains unclear, but it is suspected that financial difficulties played a role.
Avoid these financial mistakes if you want to retire early
You may want to invest all your liquid corpus in financial instruments in a hasty dash towards the FIRE target, but having a safety net is important to avoid derailing your financial goals.
Controversial former Indian coach Greg Chappell facing financial difficulties, friends launch funding campaign
Former Australian cricket captain Greg Chappell, 75, is facing financial difficulties in his later years. To improve his quality of life, his friends have created an online fundraising platform. Chappell, known for his controversial tenure as the head coach of the Indian cricket team, clarified that he is not living a luxurious life despite his cricketing career.
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