Market News
The S&P 500 Isn't as Diverse as It Used to Be. Here's Why That Matters.
Wall Street Journal - 3 Jul 2024 18:00
As tech and financial stocks have come to dominate the index, volatility and interest-rate sensitivity have picked up.
Saks Owner to Buy Neiman Marcus, With Help From Amazon
Wall Street Journal - 3 Jul 2024 23:51
Retail rivals strike a $2.65 billion merger as they seek to gain scale against luxury brands.
S&P 500, Nasdaq Hit Fresh Records in Holiday-Shortened Session
Wall Street Journal - 3 Jul 2024 22:54
Tesla shares notch their longest winning streak in almost a year; Paramount Global stock jumps thanks to deal news.
ICICI Bank's Sapphiro forex card to benefit students planning to study abroad this year: Key features explained
livemint.com - 3 Jul 2024 19:29
Primarily meant for students studying abroad, the Sapphiro forex card offers the freedom of 15 currencies, a range of offers and other student benefits.
U.S. Crude Oil Inventories Fall More Than Expected
Wall Street Journal - 3 Jul 2024 19:03
Government data showed crude-oil inventories fell by 12.2 million barrels last week, much greater than the decline of 1.1 million barrels that analysts expected. Gasoline and distillate fuels fell too, as refineries rais...
Long Term Capital Gains Tax: As Budget 2024 draws nearer, a look at LTCG tax and how it applies on different assets
livemint.com - 3 Jul 2024 16:25
When shares are sold one year after purchase, the gains earned amounting to ₹1 lakh and above are taxed as per the provision of long term capital gains. The rate of tax is 10 percent without indexation benefit.
Only the Fed Can Rekindle America's Love for Cars
Wall Street Journal - 3 Jul 2024 15:51
New-vehicle sales are stuck in middle gear as high interest rates and high prices push less affluent consumers into the secondhand market.
KYC Maze: Updating challenges faced by investors and distributors with NDML & DotEx KRAs
livemint.com - 3 Jul 2024 15:01
A key issue with with NDML and DotEx is that unlike other KYC registration agencies, they do not offer online options to validate the credentials of mutual fund investors
Your Old Clothes Are Worth Billions
Wall Street Journal - 3 Jul 2024 15:00
Secondhand apparel retail is a booming business, but turning a profit is harder than it sounds.
British economy hit by 'pre-election seize up'
Telegraph - 3 Jul 2024 13:02
The dominant sector of Britain's economy continued to lose momentum last month, a closely-watched survey showed, as companies and consumers held back ahead of the general election.
Why should you have a good credit score to start a business? Here are 8 key reasons
livemint.com - 3 Jul 2024 12:35
Maintaining a good personal credit score is crucial for accessing favorable business loans, managing cash flow, and attracting potential investors to your business.
Income Tax Budget 2024 expectations: Will FM Nirmala Sitharaman offer new tax breaks or tighten existing ones?
livemint.com - 3 Jul 2024 12:08
Income Tax Budget 2024 expectations: There is also anticipation regarding the tightening or rationalisation of existing deductions to simplify the tax structure or increase revenue
From stethoscopes to savings: Smart financial planning for doctors
livemint.com - 3 Jul 2024 12:01
From managing education debt to optimizing tax benefits, dive into essential financial strategies that every doctor needs to secure a prosperous future
RBI floating rate savings bonds: Why investors should bet on these?
livemint.com - 3 Jul 2024 10:45Credit card spend overseas to be included in the LRS limit? Here are key things you should know
livemint.com - 3 Jul 2024 10:02
Under the Liberalised Remittance Scheme (LRS) of RBI, all resident individuals are allowed to freely remit up to $2,50,000 in each financial year
ITR filing 2024: Which ITR form is recommended for senior citizens, super senior citizens for tax returns
livemint.com - 3 Jul 2024 09:55The Millionaire Next Door: 7 key money lessons that you can learn from this book
livemint.com - 3 Jul 2024 09:17
The Millionaire Next Door doesn't offer a step-by-step personal finance blueprint; instead, it provides a wealth of wisdom that can be applied to your individual financial path.
Your HDFC Bank account will not be available for nearly 14 hours next week. UPI, ATM withdrawals to be impacted
livemint.com - 3 Jul 2024 09:06
HDFC Bank plans a system upgrade on July 13, 2024, to improve performance and customer experience. Limited service access will occur during the 13.5-hour window
73% of NRIs set to file income tax returns by July, survey finds
livemint.com - 3 Jul 2024 08:24
The SBNRI survey underscores that a substantial majority of NRIs are committed to meeting the ITR filing deadline, indicating strong tax compliance and awareness.
ITR filing 2024: How filing wrong income tax return form can cost you heavy penalty
livemint.com - 3 Jul 2024 08:01
ITR filing: Choosing the correct income tax return form for filing your returns is crucial. The choice of the ITR form depends on the type of income and the taxpayer's category
What is RBI's Project Nexus which is set to bring a paradigm shift in instant cross border payments?
livemint.com - 3 Jul 2024 07:57
BIS and central banks of founding countries signed an agreement in Basel. Indonesia continues as special observer. Nexus platform expanding to more countries, expected to go live in 2026.
Money Explainer: What Sebi's proposal on passive hybrid funds means for your portfolio
livemint.com - 3 Jul 2024 07:30
A passive hybrid fund gives investors more clarity in terms of portfolio structure.As these are passive funds tracking indices, there is no risk of underperformance or outperformance