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Market News

Location American Market News for 3 July 2025
Major airlines pulled their 2025 forecasts earlier this year, blaming economic uncertainty.
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DSP MF breaks new ground with India's first retail offshore fund from GIFT City DSP Mutual Fund's Global Equity Fund lets Indian investors deploy as little as $5,000 in global stocks--providing an alternative to mutual funds limited by Sebi caps via a tax-efficient route anchored in GIFT City.
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Balanced fund or equity fund? Which is better during the bull run? Ask yourself this: Do you need further equity risk, or do you need better risk-adjusted returns?
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Small-ticket loans and ways to spot possible delinquencies: Do credit scores give a true picture? The RBI has reduced the repo rate by 50 basis points to 5.5%, aiming to stimulate economic activity by making borrowing cheaper. This move is expected to lower lending rates, benefiting both new and existing borrowers wh...
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Best investment insights often come from questioning what seems unusual If everyone is looking at the same obvious opportunities and reaching similar conclusions, where exactly is the edge?
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Kotak Mahindra to discontinue Myntra credit card from July 10; users shifted to League card Kotak Mahindra Bank will discontinue the Myntra Credit Card from 10 July 2025, migrating users to the League Platinum Card with updated benefits, exclusions, and reward terms.
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Should you repay credit card debt with a personal loan or carry it forward? Find out the best solution If the credit card outstanding can be cleared within 3 months, it may be carried forward. Low-cost balance transfer options of up to 6 months may be explored. For longer tenure options, the cardholder may convert outstan...
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Your questions answered: How I claimed LTCG exemption as an NRI selling agricultural land After November 2025, agricultural land cannot be purchased for claiming tax benefits. NRIs must utilize capital gains for new agricultural land within two years or face capital gains tax.
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RBI to fix credit report errors -- here's how a big change will impact your credit score The RBI plans to introduce a unique borrower ID for all loan accounts to minimise and reduce credit report errors, enhance credit score accuracy, and improve transparency in the nation's lending ecosystem.
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I asked ChatGPT Not many CAs would love to hear this but merely a day after the CA Day that falls on July 1, we explore whether a salaried individual can file his income tax return (ITR) without engaging a CA. We tried that via generati...
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ITR filing FY 2024-25: Why Form 16 is your income tax superpower--if you use it right Income tax: Form 16 helps salaried individuals file accurate ITRs by detailing income, TDS, exemptions, and deductions, ensuring smooth returns and preventing mismatches or notices from tax authorities.
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Personal loan vs line of credit: Which borrowing option fits you best? A personal loan gives the borrower a lumpsum amount along with an EMI repayment plan spread evenly throughout the tenure. A line of credit provides access to a specified amount that can be used as and when required and f...
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I want to invest in my NRI daughter's PPF--am I eligible for a Section 80C tax benefit? A non-resident can contribute to their existing PPF account but cannot open a new one. They should switch their savings account to NRO status. To keep the PPF account active, only a minimum of Rs. 500 per year is needed,...
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Customers celebrate! After PNB, Indian Bank to waive minimum balance charges for all savings accounts from July 7 In a move aimed at enhancing financial inclusion and making banking more accessible, Indian Bank will waive minimum balance charges for all Savings Bank accounts starting July 7, 2025. This comes a day after Punjab Natio...
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