National Savings Certificate (NSC) is a government-backed savings scheme that offers guaranteed returns. The popular scheme, launched in May 1989, is suitable for conservative small investors who are averse to taking much risk when it comes to investing. NSC account can be opened with a minimum deposit of Rs 1,000 at any post office in
India’s health insurance sector is evolving, and with the increasing penetration of the government health insurance schemes and competition from the new entrants, the traditional standalone health insurers are having a tough time in terms of growth and profitability. According to an Elara Capital report, due to the limited total addressable market in India, the
The volatile session ends on a lower note on Tuesday. The Nifty 50 closed the session 163 points or 0.65% lower at 24,838, the Sensex fell 592 points or 0.72% to end at 81,5845. In line with the overall market sentiments, the Nifty Bank declined 220 points or 0.40% to end at 55,351.30. However, the
Amidst the changes in interest rates in recent months, many big public sector banks (PSU banks) have cut the interest rates of their fixed deposit (FD) schemes. The Reserve Bank of India (RBI) has cut the repo rate twice this year, which has also affected the FD rates of banks. However, despite this, some banks
India’s automotive component sector is expected to post a revenue growth of 7-9 per cent this fiscal, mirroring the previous fiscal, stated a report by Crisil Ratings. The growth, it added, will be driven by sustained demand momentum from two segments – two-wheelers (2Ws) and passenger vehicles (PVs), especially utility vehicles, which account for nearly
Borana Weaves IPO has entered the second day of its public offering. The issue opened for subscription on May 20 and will close its three-day bidding window on May 22. As of Day 2, the grey market premium (GMP) for this mainboard issue has also seen a notable surge. Let’s take a look at everything
If you are preparing to file Income Tax Return (ITR), then this news is important for you. So far, the Income Tax Department has not made ready ITR e-filing utilities on its portal for Assessment Year 2025-26 (FY 2024-25). What is the latest status on ITR utilities? As of May 20, 2025, there is no
Zydus Lifesciences Ltd on Tuesday released its fiscal fourth quarter earnings with profit at Rs 1170.90 crore, missing estimates. This was marginally lower than Rs 1182.30 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 6527.90 crore, up 17.96 per cent as against Rs 5533.80 crore reported during the
New Income Tax Bill, 2025: The Centre has taken a big step towards making the tax system simple and transparent in the country. The Modi government introduced the ‘Income Tax Bill, 2025’ in Parliament during the budget session this year to replace the existing Income Tax Act, 1961. This Bill, after being introduced in the
ITC Ltd on Friday released its fiscal first quarter earnings report with a profit growth of 3.21 per cent to Rs 5,343.41 crore in comparison to Rs 5,176.99 crore recorded during the corresponding quarter of FY25. It posted revenue from operations at Rs 23,129.35 crore, reporting a growth of 19.53 per cent as against Rs
JSW Cement is likely to launch its Initial Public Offering in next few weeks. The company will be hosting the IPO road show in Mumbai on August 4 ahead of the IPO launch. The JSW Cement’s key leadership team comprising Parth Jindal, Managing Director, Nilesh Narwekar, Chief Executive Officer and Narinder Singh Kahlon, Chief Financial
The Modi government launched the Unified Pension Scheme (UPS) under the National Pension System (NPS) on April 1 this year. The UPS was conceived as a new pension plan for central government employees, giving them an option to subscribe to a new scheme that combines some of the unique features from the existing NPS and
US President Donald Trump’s decision to impose a 25 per cent additional import duty along with a penalty on Indian goods, effective August 1, is expected to significantly impact India’s textile and apparel industry. The penalty has been linked to India’s purchase of crude oil and military equipment from Russia, adding another layer of uncertainty
