The Indian rupee fell flat slipped to all-time low of Rs 84.4275 on Thursday and closed trade at Rs 84.4925. The major reason for the weakness was the renewed surge in FII selling after a brief low. The dollar strength also weighed on sentiment. Hopes of aggressive rate cut by the US Federal Reserve is
Royal Enfield has unveiled the Goan Classic 350 in its full form ahead of its official launch at the upcoming Motoverse on November 23. It is the 5th model in the brand’s J-series 350cc platform after the Meteor, Classic, Hunter and Bullet. As expected, it shares a lot in common with the above-mentioned models but
If you also use ICICI Bank’s credit card, then this news is for you. The bank has changed some new policies related to credit card, which include rules like finance charge, late payment charge, utility transaction and fuel transaction. Let us know what are the new rules related to credit card. Finance charge Changes have
Mumbai-based Moksha Group, which is in the businesCloudtails of distribution of electric appliances alongside some fintech operations, has acquired the strategic assets of retail-tech startup Arzooo for an undisclosed amount. Arzooo had been struggling to stay afloat amid layoffs, funding crunch, and pending payments to sellers and employees. The group has appointed e-commerce veteran Rehan
Consumer durable manufacturers are expected to record a revenue surge of 11-12 per cent this fiscal, continuing the healthy run after a strong 13 per cent growth last fiscal, stated a report by CRISIL Ratings. This, it added, will be driven by rising adoption of consumer durable financing, which supports the trend of premiumisation, resulting
Shares of Zinka Logistics Solution, also known as BlackBuck, are scheduled to list on the stock exchanges on Thursday, November 21, following the completion of allotment on Tuesday, November 19. The Zinka Logistics Solution IPO, which opened for subscription on Wednesday, November 13, and closed on Monday, November 18, received a favorable response across investor
With the growing clatter around vehicular safety, a car scoring 0 stars in a crash test is looked down upon with a frown and Citroen has managed to do the same. The French carmaker, which vows for safety, has come crashing down after the Aircross, formerly called C3 Aircross, scored a 0-star safety rating at
Bhiwadi, commonly known as the ‘Gateway of Rajasthan’, has experienced considerable growth in its real estate sector in recent years. Located along the Bhiwadi-Alwar State Highway, this rapidly-developing industrial town is increasingly favored by both end-users and investors, thanks to its strong connectivity and cost-effective housing alternatives. Strategic Location and Connectivity The region’s rapid growth
Marcellus Investment Managers has seen its Portfolio Management Services (PMS) assets under management (AUM) decline sharply by 64% from Rs 12,704 crore in October 2022 to Rs 4,734 crore currently. The primary reason? Valuation missteps in stock selection, as acknowledged by the firm itself. In a post on social media platform X, Kanan Bahl, CA
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
