PRINCIPAL AMOUNT

Compounding refers to the process of growing wealth by earning "interest on interest." In practical terms, investors contribute a certain amount regularly, and the interest earned is added back to the principal, thereby generating more interest in t...

HDFC Bank special FD: When you open HDFC Bank HealthCover fixed deposit, you will be eligible for hospital cash cover for the first year. Here are important things to know about HDFC Bank HealthCover special FD.

New vs old tax regime: Many taxpayers find it difficult to ascertain which tax regime makes them pay lower tax in a financial year. The simple answer to that is the amount of deductions claimed by you in the old tax regime. However, the amount of de...

SUNDARAM ELSS TAX SAVER FUND: It takes a large-cap tilt like many of its peers in the tax-saving fund category. It has a preference for growth-oriented businesses with large opportunity size, superior capital efficiency and earnings growth. The port...

Chief Minister Yogi Adityanath has ordered a survey of damages caused to crops by strong winds and hailstorm. Compensation will be provided by insurance companies and the revenue department. The highest number of applications are from Hamirpur, Jala...

Income tax demand waiver: The Central Board of Direct Taxes (CBDT) has stated in a circular dated February 13, 2024 that the tax department would waive off all eligible tax demands up to an aggregate limit of Rs 1 lakh per taxpayer. Experts opine th...

The Mumbai bench of Income Tax Appellate Tribunal allowed ICICI Bank to avail ₹1,855 crore bad debt write-off as deduction. It dismissed the bank's appeal seeking ₹502-crore worth long-term capital loss allowance for 2015-16. The tribunal upheld PCI...

The Comptroller & Auditor General (CAG) has found that the Karnataka government has not recovered old loans amounting to over Rs 10,000 crore given to various entities, including a number of its own departments or undertakings. It said there are som...

The company has received a demand order for an aggregate amount of Rs 129.79 crore, including a penalty of Rs 11.8 crore and applicable interest from the office of the Principal Commissioner of CGST and Central Excise, Chennai, Eicher Motors said in...

“We are flying 40 aircraft at the moment. We expect to enhance that significantly, we are working on the plan.We will try and double our fleet over the next 12-18 months. Some of these are aircraft which are grounded and will be put back into servic...

China primarily exports processed products to Kazakhstan, with clothing, bed linen, and blankets. In the past year, China has significantly increased its supply of these products, both in terms of value and volume. The presence of Chinese automakers...

The interest rate that is charged on revolving dues of a credit card, can go typically up to 42% per annum, if you do not pay off the total dues by the due date. This is why many people covert their spends into EMIs. Moreover, due to various deals o...

The Delhi High Court has ordered SpiceJet and its promoter Ajay Singh to pay the remaining Rs 32.5 crore to Kalanithi Maran and Kal Airways by the end of the day or maximum by tomorrow. Singh's lawyers have stated that they have already paid Rs 62.5...

The event was among the 200 meetings in over 50 major cities across India, with over 32 different work streams. The theme of the G20 summit in Itanagar is ‘Research, innovation initiative, gathering’, and it is being organised by the science & techn...

Budget 2023 proposed a hike in investment limit in Senior Citizen Savings Scheme (SCSS. A hike of Rs 15 lakh was proposed in the SCSS. As per the proposal, the maximum investment limit in SCSS has been doubled from Rs 15 lakh to Rs 30 lakh. Now the ...

The MOA was signed in the presence of Vice-Chairman Ramen Deka. The project was signed by Chief Executive Officer M.S Manivannan on behalf of SITA and Dr. Jaideep Baruah on behalf of ASTEC respectively.

With rising interest rates scenario leading to higher EMIs or longer payment period, it makes the situation even more difficult. So, people look for ways to finish the home loan quickly.

In June last year, the Delhi-based Principal bench of the National Company Law Tribunal (NCLT) rejected the plea filed by Wave Megacity Centre, which is developing commercial and residential projects in sectors 25A and 32 of Noida, Uttar Pradesh.

RBI recently asked banks and card issuers to calculate the minimum amount due on credit card bills in a way that does not result in negative amortisation. How will banks and card issuers calculate minimum amount due now? All you need to know