Muthoot FinCorp Limited has announced XVI Tranche III series of secured, redeemable, non-convertible debentures (NCDs) to raise up to Rs 300 crore, which is within the issue size of Rs 1,100 crore. The third tranche amounts to Rs 75 crore, with a green-shoe option of Rs 225 crore, aggregating up to Rs 300 crore (Tranche … Read more
The Securities and Exchange Commission (SEC) has approved the first batch of exchange-traded funds (ETFs) based on Bitcoin to be listed in the US. This move not only gives US investors easier access but also stronger and regulated crypto market. But what does this mean for Indian investors? Is it possible to invest in a … Read more
Sending money from India to Singapore? Look no further than the UPI-PayNow link for fast, safe, and affordable transfers. The cross-border linkage between the Unified Payments Interface (UPI) and PayNow enables Indians to receive instant, secure, and cost-effective remittances from the Singapore-based Indian diaspora directly into their bank accounts. Users of BHIM, PhonePe, and … Read more
The income tax (I-T) department introduced a new tax regime in financial year 2020-21, giving taxpayers the choice between this and the old one. These two regimes differ in terms of taxation slabs, rates and allowances deduction, ultimately affecting the investment proof submission. Every employer may have specific requirements for submitting investment proofs, so employees … Read more
The convenience and accessibility of using credit cards is helping spur an increase in demand in India’s Tier-II and III towns and cities, with fuel cashback credit cards seeing high demand along with travel and e-commerce credit cards that saw a higher adoption rate in 2023, according to a new report by ZET, India’s fast-growing … Read more
The Indian mutual fund industry surpassed Rs 50 lakh crore in assets under management (AUM) in December. However, total inflows into the mutual fund industry fell by Rs 40,685 crore on the back of advance tax payments, regular redemptions from debt funds, and higher equity valuations. Net flows into debt funds were at Rs 75,556 crore, while equity … Read more
In financial year 2013-14 (FY14), 23 individuals earned more than Rs 100 crore and had a combined income of Rs 29,290 crore. Cut to FY21, and the number of those earning more than Rs 100 crore increased to 136, though their combined income rose to Rs 34,301 crore, State Bank of India researchers said in … Read more
Revanth Reddy. File | Photo Credit: The Hindu Chief Minister A. Revanth Reddy’s request to the Central Government seeking steps to recover money from neighbouring Andhra Pradesh for utilising the assets belonging to Telangana has caught the officials by surprise. They have a reason as the Chief Minister’s request to the Union Home Minister Amit … Read more
My name is Veer, and I work in the private sector, earning Rs 59,000 in hand, and have two personal loans of Rs 3.6 lakh pending, with EMIs of Rs 9,200 till January 2028, and another with EMI of Rs 5,500 for two years more. I am planning to switch jobs in two months and … Read more
Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of the National Common Mobility Card (NCMC) RuPay Reloadable Prepaid Card today. Aligned with the “One Nation, One Card” initiative, the Bank of Baroda NCMC RuPay Platinum EMV chip-enabled Contactless Prepaid card is an inter-operable and multi-purpose transport card that can … Read more