MARKET WITHDRAWAL
Tight liquidity forces banks to tap debt markets, shell out more
"To a certain extent, the year-on-year rise in the bank borrowing numbers is a reflection of the merger between HDFC and HDFC Bank. But apart from that, it is clearly a reflection of the tightness in the liquidity and that was, to a certain extent, exacerbated in the month of May because government spending was restricted during the Union election," said Soumyajit Niyogi, director at India Ratings & Research.
Quant Mutual Fund investors withdraw Rs 1,400 crore in 3 days. Should you stop fresh investments, SIPs?
The client withdrawals are among the first indicators of the probe’s impact. The Securities and Exchange Board of India is reviewing alleged front-running trades by Quant Mutual Fund employees, Bloomberg News reported earlier this week, citing people familiar with the matter.
Is a market-linked pension plan right for you? Vivek Jain explains
Vivek Jain, Head of Investments, Policybazaar.com says that in retirement planning, it's vital to consider both market-linked and guaranteed pension plans, allocating funds based on age and risk tolerance. Including a spouse in joint life coverage and leaving a legacy for nominees are key aspects of securing a stable financial future.
IATA boss warns foreign airlines may quit India if taxation issues are not sorted
The chief of the International Air Transport Association (IATA), Wille Walsh, warned that airlines may withdraw from the Indian market if concerns over taxation are not addressed. Several global airline groups including Emirates, British Airways, Lufthansa, Singapore Airlines, and others have received tax evasion notices from the Directorate General of GST Intelligence (DGGI). The notices were related to non-payment of tax on services provided by the airlines to their Indian entities.
PNGRB withdraws notices to declare 54 city gas networks as common carrier
The Petroleum and Natural Gas Regulatory Board (PNGRB) has withdrawn notices to declare city gas networks in 54 licensed areas as common carriers, ending a legal tussle with affected city gas distributors.
NPS investment: Why exit barrier is the biggest positive feature of the NPS, explains Sriram Iyer of HDFC Pension
Many individuals have concerns that their money will get stuck in the NPS till retirement. That’s not necessarily a bad thing because the money is at the right place. Investment returns can be enormous if held for the long term, Sriram Iyer tells ET Wealth.
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DCGI orders withdrawal of cancer drug Olaparib for certain treatments
The Drug Controller General of India has requested the withdrawal of AstraZeneca's Olaparib tablets for certain cancer treatments due to potential adverse effects.
Oyo withdraws IPO application, opts for private funding at 70% valuation cut
Hospitality company Oyo has withdrawn its draft IPO papers for the second time, which it had filed in March 2023.
NPS partial withdrawal rules 2024: 7 instances when you can apply for partial withdrawal from NPS corpus
NPS partial withdrawal rules: NPS is a market-linked defined contribution scheme that helps you save for retirement. The scheme is simple, voluntary, portable and flexible. An NPS member can withdraw partial withdrawals from their retirement funds to meet certain requirements without compromising their monthly stipend upon retirement.
Where should I invest Rs 1 crore to get monthly income of Rs 1 lakh?
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.
OYO withdraws DRHP, to refile IPO post refinancing: Sources
OYO IPO: Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said.
HSBC and Deloitte withdraw job offers for foreign graduates in UK after visa rule change
HSBC and Deloitte retract job offers to foreign graduates in the UK due to stricter visa rules. Graduates, who invested in UK education, face uncertainty. Companies like KPMG also reassess hiring strategies. Visa changes impact recruitment in digital innovation sector. Immigration concerns loom ahead of UK general election.
FPIs withdraw Rs 17,000 crore from equities in May so far on political uncertainty
This was way higher than a net withdrawal of Rs 8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields
BJP has put lives of its countrymen at risk: SP chief Akhilesh Yadav on global withdrawal of Covishield
Akhilesh Yadav slams BJP for risking lives with AstraZeneca's global Covishield withdrawal due to excess supply. How will dangerous vaccine return from recipients? Rare side effect TTS disclosed.
HDFC Ergo withdraws 3 health insurance policies: How will it impact policyholders? Will premiums increase?
In a move impacting existing policyholders, HDFC Ergo discontinues its my:health Suraksha health insurance plans. The insurer will migrate customers to alternative policy. Key concerns for existing customers include changes in premiums, coverage details, and potential loss of renewal benefits. ET Wealth Online delves into how this will affect renewals, benefits, and the migration process. Customers of HDFC Ergo my:health Suraksha health plans must know these details
Serum Institute says it already disclosed 'all side effects' of Covishield, clarifies it stopped making the vaccine in 2021
The Serum Institute of India has stopped manufacturing and providing additional doses of the Covishield vaccine due to concerns about its side effects. AstraZeneca has also withdrawn its Vaxzervria vaccine and marketing authorizations within Europe. The UK-based pharmaceutical company collaborated with the Serum Institute of India to provide the vaccine to the Indian government. Families of individuals who experienced adverse effects are pursuing legal action against AstraZeneca and the Serum Institute of India.
AstraZeneca to withdraw Covid vaccine globally as demand declines; faces legal challenges over side effects
Astrazeneca Vaccine: AstraZeneca has announced the worldwide withdrawal of its COVID-19 vaccine, Vaxzevria, citing a surplus of updated vaccines amid the pandemic. The company has also faced legal challenges over reported side effects, including blood clots. Families of affected individuals are pursuing legal action, seeking compensation and holding multiple parties accountable for their losses.
Disclosed all information on Covishield’s side effects in 2021, says SII
The Serum Institute of India (SII) has stated that the safety of vaccines remains "paramount" and that all information about the side effects of its Covishield vaccine against Covid-19 was disclosed in its packaging insert in 2021. The statement comes after a group of parents whose children died during the pandemic filed a case against the company. SII manufactured and supplied the vaccine under license from AstraZeneca, which admitted in court that the vaccine could cause a rare side effect.
Sovereign gold bonds premature withdrawal in May can earn 16.5% returns; key points to keep in mind while exiting SGB early
Sovereign gold bonds premature withdrawal: Investors holding SGBs issued earlier can redeem them prematurely in May with potentially attractive returns due to rising gold prices. How much tax will you have to pay if you withdraw prematurely? Should you withdraw your sovereign gold bonds early? ET Wealth Online explains the nitty-gritty of premature withdrawal of sovereign gold bonds and the key aspects an investor must consider before going for it.
FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny
FirstCry, backed by SoftBank, TPG and India's Mahindra and Mahindra sells baby products, including clothes, diapers and toys, seeking to tap the market for new parents in the world's most populous country.
HUL withdraws 'health' label from Horlicks, rebrands it as 'functional nutritional drink' amid regulatory changes
Ritesh Tiwari, the Chief Financial Officer of Hindustan Unilever, announced the change during the earnings press conference on April 24. Tiwari emphasized that the shift to the FND label provides a more accurate and transparent description of the category. He highlighted the under-penetration of the FND market, indicating significant growth opportunities.
ET Mutual Funds Explains: The ABCD of systematic withdrawal plan (SWP)
This method is usually helpful for retired people. After retirement, when a person has a fixed corpus / invested amount, he/she needs regular money when the other income or salary is not available.
Oil breathes easy on troop withdrawal move
Oil has rallied recently on escalating tensions in the Middle East and supply shocks, raising the prospect of the global benchmark reaching triple figures.
FPIs turn cautious, withdraw Rs 325 cr from Indian equities so far in April
FPIs have turned cautious as they pulled out Rs 325 crore from Indian equities in the first week of this month owing to relatively high valuations and the upcoming general elections.
RBI leaves repo rate unchanged; retains “withdrawal of accommodation” stance
RBI maintains 6.50% repo rate after 3-day meeting, focusing on withdrawing accommodation. Supported by 5 of 6 MPC members. Minimal market impact on Sensex, Nifty 50.
Retirement planning: What is the 4% rule for retirement withdrawals?
Withdrawing from retirement corpus: Retirees frequently utilize the 4% withdrawal rule to manage their expenses in their later stages of life. Its primary aim is to maintain a steady stream of income while also preserving an ample amount of funds for the future. Adhering to the 4% withdrawal guideline can notably diminish the possibility of depleting one's savings prematurely, thus increasing the chances of financial stability throughout retirement.
Crypto bourses block fishy coin withdrawals
The power to freely withdraw coins from investors' registered wallets with exchanges can be misused in different ways.
A product for all seasons? What is NPS' appeal for millennials and Gen Zers?
Kurian Jose discusses PFRDA's initiatives to attract youth to pension products through innovative features like QR code investing. The NPS rule changes offer flexibility in withdrawals and investment options, promoting early retirement planning and long-term financial security.According to Jose: "I look at the NPS as India's answer to social security."
Rupee turns flat at 82.88 against US dollar in early trade
At the interbank foreign exchange, the local currency opened at 82.87 and then slipped further to trade at 82.88 against the greenback, the previous day's closing level.
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