Few financial products could match its derivative contracts that always sold at a premium. But the exchange forgot one crucial link: to back its contracts with solid assets.
Do you have financial planning queries? Ask rediffGURU Anil Rego.
The federal agency filed its prosecution complaint against Ayyub before a special Prevention of Money Laundering Act (PMLA) court in Ghaziabad (Uttar Pradesh) on October 12.
The bodies of Havildar Rohit Kumar, Havildar Thakur Bahadur Ale and Naik Gautam Rajbanshi were trapped deep within a crevasse and lay buried under thick layers of ice and large volumes of snow for the past nearly nine months.
'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.'
Bank FD rates are expected to go down in the near future. Lock in now if you want stability as well as returns
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Banks had a tough time in recovering loans from corporates in 2014.
The Enforcement Directorate on October 18 issued provisional attachment order of the company's fixed deposits worth Rs 822 crore (Rs 8.22 billion) in a money laundering case related to the previous management.
Host of lenders led by State Bank of India (SBI) and Bank of India hiked lending rates after the Reserve Bank raised the benchmark interest rate to tame inflation. The hike has been effected in their benchmark rate linked to the repo rate, which increased by half a percentage point to 5.9 per cent. Even financial institutions like mortgage lender HDFC Ltd hiked the lending rate by 50 basis points effective Saturday.
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
Bharatiya Janata Party's prime ministerial nominee Narendra Modi, who is contesting from Vadodara Lok Sabha seat in Gujarat, has declared his total assets at Rs 1.51 crore and he does not own any vehicle.
Investing small amounts of money over very long periods of time creates wealth. If you do not understand this statement, read again and again.
Feroze Azeez, director -- investment products (private wealth management), Anand Rathi Financial Services Ltd -- answer our readers' questions on financial planning during an hour-long chat on Tuesday.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answers your questions on NRI investment.
RediffGURUS Ashwini Dasgupta, Anu Krishna, Dr Karthiyayini Mahadevan and Jinal Mehta answer queries from Rediff readers.
A monthly charge of Rs 500 is applicable if the net relationship value falls below the minimum level.
If not, an assessee might be charged interest for not paying TDS on time.
As long as a provident fund continues to be exempt from tax at all stages, it is the best option to build a retirement corpus.
Where should you invest your money in the New Year? Financial planning expert Vetapalem Sridhar has some answers.
A little bewildered by the turn of events and the sudden attention on him and one who candidly says he does not know what one lakh means, Majhi, who hails from remote Melaghar village in Kalahandi district, has seen his kitty swell to Rs 15 lakh. But he sorely misses his wife.
A standard way of comparing interest rates is to ask for annualised rate of interest.
The Securities and Exchange Board of India (Sebi) has proposed measures mandating daily upstreaming of all investor funds from stockbrokers to clearing corporations (CCs). The step, aimed at reducing risk on client funds, will further deplete brokers' revenues as they will lose interest income with transfers being done daily. At present, stockbrokers convert the surplus funds into bank guarantees (BG) or fixed deposit (FD) receipts which earns them extra income.
Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.
It isn't easy being a retired person. With some banks already cutting down the rate of return on fixed deposits offered to senior citizens and the Union Budget rationalising dividend taxation on monthly income plans, the higher returns and tax benefits they enjoyed are already gone.
The Enforcement Directorate on Thursday issued attachment orders on properties worth Rs 51 crore in its money laundering probe against YSR Congress chief Jagan Mohan Reddy and his associates.
To raise cash, you need not sell assets built over time. Instead, use them to meet immediate liquidity needs.
In uncertain economic times, these can help you add to your monthly income.
Now, more pieces of information about your transactions and income, such as remittances received from overseas, will be uploaded in Form 26AS by the income-tax (I-T) department. This will help the taxpayer file I-T return (ITR) correctly and assist the department in detecting discrepancies, if any, in the ITR. Besides foreign remittances, these new items are interest on I-T refund, dividend from mutual funds (MFs), and purchase of MFs, among others.
CBI had filed two FIRs in May 2022 against seven people in two cases related to alleged fixing of matches in IPL 2019.
NRIs can lock into NRE/NRO fixed deposits, buy real estate and invest in long-term equity investments.
Risk-averse investors can invest in fixed income products as these are giving good returns and are tax efficient.
Mutual fund investment is meant for long-term investors and one can easily make 15 per cent returns per annum over a 20-25 year time period.
Investing in these precious and base metals is as easy as investing in stocks. Here's how
You need to start much early considering costs have risen 40-70% in just five years.
Prime Minister Manmohan Singh does not own any land, agricultural or non-agricultural, but owns a 1996 model Maruti 800 car and has movable assets, including fixed deposits, of over Rs 3.87 crore.
Disinvestment Secretary Mohammad Haleem Khan told Business Standard that till now, public sector companies were only allowed to invest in mutual funds, apart from putting money in bank fixed deposits, but the Cabinet had now approved the proposal to allow these companies to buy equities of other CPSEs.
'Big Bazaar Profit Club' hopes to build loyalty amongst customers and get better prices from suppliers. Can it succeed?
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
