Nilim Daimari
NEW DELHI: LIC, India’s state-owned insurance giant, has reported a significant 59% increase in the value of its investments in Adani group companies during the fiscal year 2023-24. This surge comes as the conglomerate rebounded impressively following a period of scrutiny triggered by a controversial short seller report. Data from stock exchanges reveals that the … Read more
India’s foreign exchange reserves have reached an unprecedented high of $648.56 billion for the week ended April 5, according to the Reserve Bank of India (RBI). This is an increase of $2.98 billion from the previous week, and it surpasses the prior record of $645.58 billion set in the last reporting period. The rise in … Read more
Oil prices are anticipated to rise on Monday as market participants react to Iran’s attack on Israel over the weekend, which heightened geopolitical tensions in the Middle East. Analysts noted on Sunday that potential retaliatory actions by Israel and Western allies could drive oil prices even higher. Iran launched explosive drones and missiles at Israel … Read more
Bitcoin’s value dropped 7.9% to $61,842 on April 13, following news of Iran’s retaliatory drone strikes on Israel, according to Reuters. The world’s largest cryptocurrency by market capitalization recovered slightly to trade around $63,000 by the morning of April 14, as per CoinDesk data. Bitcoin’s decline marks a significant drop of 16.2% or $10,000 from … Read more
Automobile exports from India declined by 5.5% in FY24, totaling 45,00,492 units, compared to 47,61,299 units in FY23, according to data shared by industry body SIAM. The drop has been attributed to the monetary crisis in various overseas markets. SIAM President Vinod Aggarwal commented on the decline in exports, citing volatility in overseas markets as … Read more
Tata Consultancy Services (TCS), the Indian IT major, reported its Q4 FY24 results on Friday, surpassing market expectations and suggesting a positive reaction for its shares when the market reopens on Monday, April 15. The company reported a consolidated net profit of ₹12,434 crore, a 9% increase from the ₹11,392 crore recorded in the fourth … Read more
Elon Musk is set to visit India soon, where he will meet with Prime Minister Narendra Modi and other key officials. The high-profile trip is anticipated to last 48 hours, during which Musk is expected to make significant announcements related to Tesla and Starlink. In a recent development, Moneycontrol reports that the Department of Telecommunications … Read more
In an age defined by ambition and entrepreneurial fervor, a select group of individuals has amassed extraordinary wealth, distinguishing themselves as leaders of vision and innovation. These trailblazers have risen to the pinnacle of success, joining the elite ranks of the world’s wealthiest individuals. Their achievements are nothing short of remarkable. With fortunes surpassing the … Read more
In today’s unpredictable world, securing the financial future of your loved ones in the event of unforeseen circumstances is paramount. Life insurance offers a safety net, ensuring that your family is financially protected even when you’re no longer around. However, determining the right amount of coverage can be challenging, as it depends on various factors … Read more
In a recent analysis, Jefferies underscores the gathering momentum in defence company stocks, attributing it to a state of heightened geopolitical crises and India’s sustained emphasis on self-reliance, which have significantly augmented order flows and propelled revenue growth. The brokerage firm has initiated coverage on Hindustan Aeronautics (HAL) and Data Patterns with a ‘buy’ recommendation, … Read more
The Employees’ Provident Fund Organisation (EPFO) has rolled out a new online feature on the Member e-Sewa portal, empowering EPF members to effortlessly complete their Know Your Customer (KYC) process and rectify information in their provident fund accounts. Dubbed “Joint Declaration,” this latest facility aims to streamline procedures for EPF members and eliminate the need … Read more
Elevating the standard of smartphone innovation, the Samsung Galaxy S24 Ultra emerges as a trailblazer in the realm of mobile intelligence. Packed with cutting-edge features meticulously designed to enhance creativity, productivity, and overall user experience, this powerhouse smartphone stands poised to revolutionize the way we engage with technology. In essence, the Samsung Galaxy S24 Ultra … Read more
Investing in mutual funds offers a convenient and diversified approach to building wealth over time. However, effectively managing a mutual fund portfolio requires a strategic and disciplined approach. In this article, we’ll explore seven comprehensive strategies to help you optimize your mutual fund investments and achieve your financial objectives. Conclusion: Successfully managing a mutual fund … Read more
As the financial year 2023-24 draws to a close, individuals and businesses are gearing up to optimize their tax planning strategies before the deadline. With March being the final month to make tax-saving investments and adjustments, it’s crucial to adopt the right approach to minimize tax liabilities while maximizing savings. This article outlines a comprehensive … Read more
In today’s digital age, smartphones have become more than just communication devices; they can also be powerful tools for generating income. Whether you’re looking to make some extra cash on the side or start a full-fledged business, here are some ways you can turn your smartphone into a money-making machine: With the right approach and … Read more
Xiaomi 14, the latest flagship offering from Xiaomi, has made waves in the market with its impressive features. Boasting the powerful Qualcomm Snapdragon 8 Gen 3 processor, a top-tier Leica camera, and a robust 4,610mAh battery that supports blazing-fast 90W fast charging, the Xiaomi 14 promises a premium user experience. In light of these remarkable … Read more
In the ever-evolving landscape of financial markets, SIP (Systematic Investment Plan) investments have emerged as a beacon of stability and growth. However, amidst the uncertainties brought forth by the pandemic, investors are left pondering whether to stay the course or adjust their SIP strategies. Let’s delve into various approaches and additional strategies to optimize SIP … Read more
Navigating tax planning can often feel like a daunting task, especially if it’s viewed in isolation from your overall financial strategy. However, understanding common pitfalls and planning early can help you avoid costly mistakes. With the deadline for tax-saving investments for the financial year 2023-24 fast approaching on March 31, now is the ideal time … Read more
Welcome to our guide on making passive money and achieving financial freedom through passive income. If you’re seeking ways to build lasting wealth while enjoying the benefits of a more flexible lifestyle, you’re in the right place. In this section, we will explore the concept of passive income, provide strategies for generating passive cash flow, and highlight different passive revenue … Read more
“The Defence Acquisition Council’s push for indigenous weaponry and equipment has resulted in a notable uptick in procurement from Indian defence firms. This strategic shift underscores the government’s commitment to bolstering domestic defense production capabilities.” “As part of its initiative to promote domestically manufactured military hardware, the Defence Acquisition Council has spurred a surge in … Read more