rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
India's Olympic champion javelin thrower Neeraj Chopra said he is looking forward to starting his Diamond League season in Stockholm on June 30.
Olympic champion Neeraj Chopra will be primed to breach the 90m mark during the Kuortane Games in Finland on Saturday after his spectacular return to action in Turku where he had sent his spear to 89.30m for a new national record.
Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured portfolio. Fintechs which source funds through banks or non-banking finance companies (NBFCs) are looking at quickly building their secured portfolio options to at least 40 per cent of their total portfolio. "Over the medium to long term, as part of our product strategy, we are evaluating secured products which can be enabled over a digital platform" said Yogi Sadana, the founder of Zype, a lending-focussed fintech.
The 27-year-old, who has been constantly improving his timing, is optimistic about breaching the elusive mark.
In cricket, we have something that we can share with our families, neighbours and indeed, the whole country. It is colour-blind, language-neutral, truly secular and transcends all regions, from Kashmir to Kerala and Mizoram to Maharashtra, explains Shreekant Sambrani.
'Sweden removed the inheritance tax because many of the rich were fleeing. For example, the owner of IKEA had migrated out of Sweden'
Any shift in investor sentiment may result in speculators fleeing the gold market, driving its price down sharply, quickly. One significant risk for gold is a near-term reversal in the dollar, which recently fell to a two-year low.
The safest car in its segment is now available in a 7-speed automatic transmission avatar, named as the Altroz DCA (Dual Clutch Automatic), says Rajesh Karkera/Rediff.com.
'The private sector will look to the budget to check whether there are any headwinds or tailwinds.'
Gold loans are a quick, easy and low-cost way to meet your immediate and emergency financing needs, but do ensure that you entrust your gold in safe hands after thorough due diligence, suggests Gaurav Gupta, founder and CEO, MyLoanCare.in.
'We are committed to achieving the targets we had outlined.'
His first throw of 88.39 metres earned him automatic qualification for the final.
Chief Economic Advisor Krishnamurthy Subramanian said India's economy will witness a decline in the current fiscal, but the drop will be limited if there is an economic recovery in the October-March period.
IMAGES from the first semi-final of the ICC World Cup played between India and New Zealand at the Wankhede stadium in Mumbai on Wednesday.
World champion and season leader Anderson Peters of Grenada won the competition with a best throw of 90.31m which he came up with in this third attempt.
Kumari's dope sample, taken out-of-competition by the AIU last year, was found to contain steroids
the silver lining is that the men's 4x400m relay team is set to qualify for the World Championships as it is placed at 14th out of 16 to make the cut.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The documentary, which premieres on Prime Video this week, charts the success and failure of Cummins' team
A whirlwind trip of the dark underbelly of global finance, covering everything from tax law changes to aiding criminals to decamp with money from bank accounts.
Sukanya Verma recaps all those events from 25 years ago.
Ace Indian discus thrower Vikas Gowda has qualified for the Rio Olympics after the world athletics governing body, the IAAF lowered the entry standards "to have more athletes" taking part in the track and field events in the 2016 Games.
Easy access to this kind of test could help people determine what kind of precautions they should take against COVID-19 infection, such as getting an additional booster shot, the researchers said.
Sitharaman, India's first full-time woman finance minister, had in July 2019 ditched the colonial legacy of a Budget briefcase for the traditional 'bahi-khata' to carry Union Budget papers.
Pressure from the Soren clan is only one of the challenges Champai faces as he readies himself to helm the predominantly tribal state.
Consumers have to watch out for four marks on hallmarked gold jewellery: BIS mark, purity in carat, assay centre's name and jewellers' identification mark.
The third quarter (Q3) of 2023-24 (FY24) has proven to be pivotal, witnessing some startups turning profitable and others enhancing their performance as their businesses finally begin to deliver. Startups like Delhivery, Zomato, PolicyBazaar, Mamaearth, and Nykaa have either become profitable or improved their profit margins in Q3FY24. A renewed focus on profitability, supported by operational efficiencies, expense rein-in, and robust demand during the festival season, has empowered companies to strengthen their performance.
A WGC survey says that there is no dearth of gold demand, but there is lack of trust among prospective gold buyers, not only in India but globally.
India has also picked up one Paris 2024 Olympics quota place after Rudrankksh Balasaheb Patil stunned a high-quality field on Friday, to become the 10 air rifle men's world champion.
A summary of sports events and persons who made news on Saturday
Forecasts of a further rise in bullion prices keep Indians away from selling gold.
Jeera July futures in NCDEX touched a record high of Rs. 58,085 per quintal on Monday, before coming down to around Rs. 55,500 on Tuesday. This was due to profit booking and extension of additional surveillance margin of 2.5 per cent till July 18, including on all contracts to be launched in the future. The softening, according to some reports, is also because of fears of regulatory action on jeera traders over allegations of excessive speculation.
Hallmarking will guarantee the purity or fineness of the precious metal.
Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks. Buyers deferred their fresh purchase amid expectations of a correction in gold prices from the current high level.
Dixon Technologies right now is a beehive of activity. It is building a new facility in Noida to make 1.3 million laptops for Taiwanese PC maker Acer. The facility must be up and running in four months. The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology (IT) hardware brand in India, to assemble laptops and notebooks. Though the clientele in these two cases is Taiwanese and Chinese, Dixon is a company reaching for the stars with its feet planted firmly in the Indian government's policy.
Haryana's 3000m steeplechaser Priti Lamba was on Monday added to the Indian athletics team for the Hangzhou Asian Games
Respect the yellow metal's breakout but treat it with more than ordinary caution, says Sonali Ranade
The rally in silver may continue if the global economic recovery remains on course.
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