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Market News

Location American Market News for 23 May 2026
What happens if you file the wrong ITR form? Consequences and how to fix it The Income Tax department has notified ITR forms for FY 2025-26. Taxpayers must select appropriate forms to avoid defects that delay processing and refunds. Here's what happens if a person files the wrong ITR form.
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I asked ChatGPT if investing ₹20K/month for 5 years instead of buying an iPhone would be better - Answer was shocking In Bengaluru, high living costs limit savings for professionals. A ChatGPT inquiry about spending ₹20,000 monthly on an iPhone or investing it reveals significant financial implications, with potential wealth loss of �...
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Short on capital to buy stocks? Heres how margin trading facility can help Margin Trading Facility (MTF) allows investors to buy stocks by paying a portion upfront, with brokers funding the rest. While it offers opportunities, it carries risks as borrowed amounts incur interest. Details here.
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No Will? The crucial need for succession planning among modern women For a Hindu woman dying intestate (without a Will), the legal line of succession depends entirely on the asset's origin-specifically distinguishing between self-acquired and inherited property
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Can freelancers use presumptive taxation under Section 44ADA? Rules explained Freelancers in India can simplify tax filings using Section 44ADA, allowing them to declare at least 50% of gross receipts as taxable income. Details here.
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4 months just to find bank accounts: Redditor on fathers death; Experts share how to organise records A Reddit post highlights a family's struggle to locate a deceased father's financial assets, sparking discussions on the importance of organizing financial information for families. Here's what experts recomm...
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Indian stock market under FPI selling pressure: What should domestic retail investors do now? Experts weigh in Foreign investors have withdrawn over ₹2,20,000 crore from Indian equities in 2026, influenced by high oil prices and inflation. How should retail investors navigate this situation? Read to know 
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Can every EPF subscriber claim pension after retirement? Rules explained The EPF scheme supports retirement savings with both employees and employers contributing 12% of basic salary. The EPS provides pensions for eligible employees after retirement. Details here.
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Planning for retirement as a freelancer? We ask experts how much corpus you need, and key considerations Retirement planning: We asked experts how much corpus a 27-year-old freelancer, living in Chennai and planning to retire to Munnar, will require to support parents and slow work by 55 years of age. Here's what they s...
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IDFC FIRST Bank launches FD-backed Business Multiplier Metal Credit Card for entrepreneurs, Check details With a dedicated credit limit for business expenses, the card can be used across a wide range of expenses including office supplies, digital marketing spends, SaaS subscriptions, and business travel.
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I asked ChatGPT which international trip is best under ₹50,000 - Thailand, Vietnam or Sri Lanka? The winner surprised me Thailand is ideal for nightlife and shopping, while Vietnam excels in affordability and culture, making it the best value. Sri Lanka offers a peaceful holiday. For ₹50,000, Vietnam provides a premium experience with qu...
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Why the first crore feels slow, but the next comes faster - 8-4-3 rule of compounding explained Investing benefits from compounding over time, highlighted by the '8-4-3 rule' which shows how wealth accelerates. FundsIndia's report emphasizes patience, revealing that equities show true potential after se...
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Missed a home loan EMI? Here are smart steps to avoid credit damage and manage loan repayment stress Missing a home loan EMI can hurt your credit score and weaken your financial stability. Timely communication with your lender, smart repayment planning and expert financial advice can help you manage the situation effect...
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I asked ChatGPT which SIP date gives best returns? Here's what AI said based on historical data There is no single best SIP date for maximizing long-term returns; historical trends show negligible differences between dates. Staggered SIPs on the 1st, 15th, and 25th offer a balanced approach. Factors like increasing...
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Paytm Pocket Money to FamApp: 8 apps helping teenagers make digital payments without bank accounts Teen-focused fintech apps like Paytm Pocket Money and FamApp are helping young Indians make digital payments without bank accounts through prepaid cards, UPI access, parental controls and budgeting tools.
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Gold, silver prices today: Check retail rates of 24K, 22K gold, 999 silver on 23 May in Delhi, Mumbai and Kolkata On 23 May, gold prices in India remained stable, with 24-karat gold priced at ₹159,320 per 10 grams. Silver prices also showed limited movement, with 999 Fine silver at ₹272,250 per kg. MCX trading is closed on weeke...
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Delhis new ration card rules changed: Fresh issuance begins after 13 years - Check new income limit, how to apply Delhi Chief Minister Rekha Gupta announced the resumption of issuing new ration cards from May 15 after 13 years. The government has cancelled 7.72 lakh invalid cards and is inviting fresh online applications, with eligi...
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National Pension System: PFRDA clarifies NPS charge structure - what you need to know The PFRDA has clarified that NPS Tier-II accounts will incur annual maintenance charges (AMCs) similar to Tier-I accounts. The AMC for dormant accounts will be 10% and PRAN opening charge shall apply only at the time of ...
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Petrol, diesel price hiked third time in 10 days: Analysts warn of more hikes ahead- how high can rates go? Petrol and diesel prices rose by up to 91 paise per litre, marking the third increase in less than 10 days. Analysts predict further hikes may be necessary as oil companies face significant losses due to elevated crude p...
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Bank holiday today: Are SBI, HDFC Bank, and other banks closed on Saturday, May 23? All banks in India are closed on May 23, 2026, due to the scheduled bank holiday on the fourth Saturday. This closure is part of the RBI's holiday schedule, with banks also closed on specific Sundays and local holida...
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