PERSONAL FINANCE ISSUES
How would-be brides can manage finances after marriage
Monisha Choudhary is set to be married soon. There are two critical financial decisions Choudhary needs to make. She should consider her existing assets and investments, which can remain in her name, to be disclosed to her new family at her discretion. She can continue building these assets based on her income allocation. Read here to find what are the other ways to secure finance after marriage.
EPF new rules: EPFO issues SOP on how to freeze, defreeze UAN
In order to detect probable situations of suspicious accounts or transactions where there may be a risk of impersonation or fraudulent withdrawals, multiple stages of verification for MIDs, UANs, and institutions will be carried out as part of the SOP. Here is a look at EPFO's latest SOP freezing and defreezing UANs of EPF subscribers.
Britain’s economy isn’t seeing growth anywhere near India’s 7% GDP rise — this has caused fewer differences between the Conservatives and Labour: Jaideep Prabhu
The UK election landscape is marked by economic uncertainties post-Brexit, minimal policy distinctions between parties, and environmental concerns driving voter engagement. Influential figures like Farage, Johnson, and Sunak shape political narratives, while climate change discussions underscore the urgency for sustainable solutions amidst global warming threats.
Cannot avoid market momentum but be a little more selective: Mayuresh Joshi
The entire ecosystem will see accelerated investments and the government push through regarding the capex needs. Also, railways as a theme, defence as a theme, and shipbuilders as a theme will continue. Execution is going to be extremely important out here, says Mayuresh Joshi. He further says the earnings story and earnings growth should continue to remain strong in select domestic-focused sectors
‘It is beyond belief we’re still subsidising the cause of the climate crisis — we need greater subsidies for renewables over fossil fuels now’
"I think the CBAM, to the extent that it does result in significant revenue from tariffs, should recycle some of those funds in lump sum forms to help countries clean up their production processes and adapt to climate change," says Cameron Hepburn, Battcock Professor of Environmental Economics at the Smith School of Enterprise and the Environment, Oxford University.
Are Joe Biden and Jill Biden treating their homes as a personal ATM? Here are the details of various mortgage agreements and re-financing of their various properties
A report has revealed that US President Joe Biden and the First Lady Dr Jill Biden have re-financed their Delaware home more than 20 times. There are other transactions which have led to their opponents questioning many of them.
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Beauty secrets: Inside India's booming beauty industry that relies on hundreds of contract manufacturers
Nishit Dedhia, the MD and cofounder of Kain Cosmeceuticals, is leading a tour of his cosmetics manufacturing facility in Khopoli, Maharashtra. The facility produces a variety of beauty products for the growing direct-to-consumer market in India.
Meity policy momentum to continue with Ashwini Vaishnaw retaining Electronics, IT portfolio
Union minister Ashwini Vaishnaw retains electronics and IT portfolio, spearheading success in electronics and semiconductor manufacturing. He also oversees the enactment of the Digital Personal Data Protection Act and holds the railway ministry along with the Information and Broadcasting ministry.
Simplifying personal finance: What is bond yield?
If you are confused or confounded by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the second part of this series, Riju Mehta explains bond yield and how it is calculated.
India, US, 12 others likely to ink pact today to meet climate financing goal
India, the US, and a dozen other nations are poised to sign a Clean Economy Agreement under the Indo-Pacific Economic Framework, aimed at meeting climate objectives through collaborative financing. The agreement, to be signed at a Singapore meet, focuses on improving market conditions and reducing barriers for low-carbon projects. While the pact is in its final stages of approval, experts caution against allowing imports of genetically modified seeds and foods under the guise of food security.
Threat of bad advice: A more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it
The real pitfalls arise when bad financial products are marketed as good ones, and investors fail to recognise the deceit. If you are saving and investing, encountering such schemes is inevitable; it’s not an exception, but certainty. Thus, a more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it.
Associated Coaters IPO opens today: Check issue size, price band, GMP and other details
Associated Coaters IPO aims to raise Rs 5.11 crore. The IPO opens on May 30, with final allotment on June 4, and listing on June 6.
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
The next UK Prime Minister faces a long wish list from CEOs
As the UK gears up for a crucial general election on July 4, Conservative PM Rishi Sunak and Labour leader Starmer vie for business support. Executives from various sectors weigh in on key issues, such as London's equity market reforms, workers' rights, apprenticeships, tax equality, housing shortages, fintech regulation, and retail property taxes, shaping the debate.
Unjustly targeted, BJP's show-cause notice demoralizing: Jayant Sinha
BJP MP Jayant Sinha defends himself against party's show cause notice for not participating in campaigning, citing focus on global climate change and postal voting during elections.
Banks want to regain power to issue lookout notices, to move Finance ministry
Banks primarily issued LOCs to fraudulent borrowers and wilful defaulters - who they suspected could run off to take the residency or even citizenship of another country. However, last month, the Bombay High Court struck down the powers of chairmen, managing directors and CEOs of all public sector banks to issue LOCs on the grounds that the 'right to travel abroad' cannot be taken away by an executive action and the powers given to bank chiefs is arbitrary and unreasonable.
Nirmala Sitharaman engages with commuters, takes Delhi Metro ride to Laxmi Nagar
Union Finance Minister Nirmala Sitharaman took a ride on the Delhi Metro to Laxmi Nagar, engaging with commuters during her journey, emphasizing the significance of public transport and connecting with people's everyday lives.
SMFG invests Rs 1,300 crore in SMFG India Credit Co Limited via rights issue
The Sumitomo Mitsui Financial Group holds 100% in SMFG India Credit Co, which was formerly Fullerton India Credit Company Limited. Following the fund infusion, SMFG India Credit Co has invested Rs 150 crore in its wholly owned subsidiary SMFG India Home Finance Co. Ltd.
NCLT admits Indiabulls Housing Finance insolvency plea against Subhash Chandra
The bankruptcy court has admitted Indiabulls Housing Finance Ltd's (IHFL) application to initiate insolvency resolution proceedings against Essel Group chairman Subhash Chandra for default by a company called Vivek Infracon. Chandra was a personal guarantor against the loans availed by the company.
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.
No need to stagger investment; put in lump sum in some of the hybrid strategies: Lakshmi Iyer
Lakshmi Iyer suggests strategies for lump sum investments in equity and debt portfolios, emphasizing largecap skew in equity allocation. Discusses concerns about inflation, bond yields, and foreign investors anchoring bond yields. She points out that after 20 years, we are seeing the future price of copper trade about $100 higher. It is in some sort of a contango mode. The seasonality of food prices will continue to weigh on sentiments from every central banker perspective and hence the plateauing or an extended pause seems to be the way out for rates.
IIFL Finance board clears Rs 2,000 crore fundraise
The company said that it plans to raise ₹1,500 crore by way of fast track rights issue before the end of June 2024 while the NCDs will be raised by this month-end.
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.
Paytm not in list of 32 banks authorised to issue new FASTags
The road tolling authority has advised highway users to buy FASTags from authorized banks, listing 32 banks except Paytm Payments Bank. This signals to over 20 million Paytm FASTag users to get new RFID stickers as Paytm FASTags will become inoperative after February 29 due to RBI's directive barring Paytm Payments Bank from offering services from next month. IHMCL, the electronic tolling arm of NHAI, shared the list of authorized banks on its official handle.
What Budget 2024 means for you: Positive takeaways from the interim Budget
No hike in basic exemption, no increase in deductions, not even a change in tax slabs– why should taxpayers feel happy about the interim Budget announced last week? Read here to find out
Can the Modi government spring a surprise and do a 2019 repeat on Feb 1? Ketan Dalal answers
Ketan Dalal calls for the cap on home loan deduction to be increased and highlights the need for addressing housing, education, and medical expenses. Dalal emphasizes the complexity of the tax laws and suggests reducing the rates of tax instead. He further discusses the need to address ESOP tax, partnership and LLP tax rates, and the minimum slab rate. Additionally, he mentions the importance of introducing a minimum guaranteed pension scheme in NPS and addressing the NPS-2 account.
Planning to invest in US, China, Taiwan or Japan specific funds? Here’s what you need to know
The US Fed's commitment to rate cuts has boosted the outlook for US equities, particularly in the technology sector. The S&P500 has delivered strong returns, while the Nasdaq100 has outperformed with double the returns. Big tech companies are leading the growth in the US equity markets, reflecting positive growth prospects. In Asian markets, Taiwan and Japan are performing well, driven by increased focus on corporate governance and manufacturing and consumption sectors. However, Chinese funds have been underperforming.
Interim Budget 2024 wish list: 15 income tax, personal finance ideas for the Finance Minister
The Union Budget will be announced next month. ET Wealth reached out to experts to know what they want on February 1.
IBL Finance shares debut with 10% premium on NSE SME platform
IBL Finance Shares Price: IBL Finance listed on NSE SME platform at a premium of 9.8% with shares debuting at Rs 56 compared to the issue price of Rs 51. The SME IPO was subscribed 18 times, with the retail investors' category subscribed 24 times. The IPO raised Rs 34.3 crore through the issuance of 67.25 lakh equity shares.
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