Emotions lead people to make impulsive decisions not only in life in general but also in their mutual fund investment journey. The Indian equity market has been under intense volatility for the last few months. Benchmark indices Sensex and Nifty have lost about 12%, while mid- and small-cap indices have dived over 20% from their
The Indian equity market has recently experienced significant volatility, leaving investors anxious about their investments. Benchmark indices like the Nifty 50 and S&P BSE Sensex have dropped by 10-11% from their record highs in September 2024. The mid-cap and small-cap segments have been hit the hardest, facing severe selling pressure. This decline is due to global
Punjab National Bank, the second-largest state-owned lender, on Thursday announced reduction in interest rates by up to 25 basis points on retail advances, including housing and auto loans, following the 25-bps repo rate cut by the Reserve Bank of India (RBI). The revised rates come into effect from February 10. “The rate adjustment aligns with
The Centre last year announced the Unified Pension Scheme (UPS), assuring a guaranteed pension for central government employees covered under the National Pension System (NPS). It, however, clarified that the NPS will remain available for those who do not want to switch to the UPS. Amidst continuous demands from various labour organisations and other stakeholders
Indian consumers allocated 29% of their spending to discretionary expenses in 2023, with online gaming emerging as a slightly more significant category than dining out and ordering in, according to an Indian Express report based on a study by Perfios and PwC India. The report, which analysed banking data from over 30 lakh tech-savvy borrowers
7th Pay Commission News: The dearness allowance revision announcement for central government employees is due next month. The hike, however, in dearness allowance and dearness relief will be implemented retrospectively from January. DA and DR are revised twice a year (January and July) by the Centre for the employees currently serving across central government departments
The BPTP Group has unveiled its latest luxury residential project, BPTP Amstoria Verti-Greens, in Sector 102, Gurugram, along the Dwarka Expressway. Located next to the upscale Amstoria Township and involving an investment of Rs 3,000 crore, the project will be developed in three phases. The company has announced the initiation of the first phase following
Leading public sector lender Punjab National Bank (PNB) has announced a revision in its interest rates across various loan products, effective February 10, 2025. The revised rates apply to a wide range of products, including home loans, car loans, education and personal loans, ensuring that customers continue to receive diverse financing options. The bank in
8th Pay Commission Terms of Reference: Over 1 crore central government employees and pensioners are eagerly awaiting the appointment of the chairman and two members, as announced by the Centre last month, under the 8th Central Pay Commission (CPC). The government is expected to announce the names soon. Meanwhile, all eyes are on the Terms
The stock market has been on a rollercoaster ride this week. While some stocks managed to hold their ground, others came under pressure. Amidst this volatility, global brokerage firm Nomura has given a ‘Buy’ recommendation on select stocks. Here’s a look at the top stocks the brokerage is betting on this week. Nomura has Buy
The real estate sector has long been recognised for its volatility in the stock market. Realty stocks tend to move aggressively in either direction—rallying or falling by 20-30% in a single move when in trend. However, the same level of intensity can be expected in reversal moves, with stocks bouncing back in a similar manner
India’s Niva Bupa Health Insurance Co is investigating a potential data breach after an anonymous source claimed to have access to customer data, the company said on Friday. In a statement, the insurer confirmed that a “threat actor” sent an email alleging possession of sensitive customer data. “As a matter of urgency, we continue to
Telecom major Bharti Airtel on Friday announced it will increase its shareholding in Airtel Africa plc, a subsidiary company listed in UK, by acquisition of upto 5 per cent stake in one or more tranches during FY 2024-25. The acquisition, it added, will be done through Airtel Africa Mauritius Limited (AAML), a step-down subsidiary of
