The debate between buying and renting homes has once again resurfaced, and search trends from Magicbricks reveal an inclination among customers toward homeownership. With rising rental yields and a growing sentiment for owning property, data from Magicbricks highlights a notable shift in consumer behavior. According to Magicbricks, across 13 metros, residential demand (searches) increased 7%
Your loan EMI is typically paid through your bank savings account. At times when loan EMI is delayed, the bank may send you a link through which you can make the payments using different modes of payments. Some banks may not accept payments through credit cards, while others may allow this option. While this might
The Employees’ Provident Fund Organisation (EPFO) will now allow members to transfer their PF accounts without routing online transfer claims through their past or present employers in specific cases. To ensure ease of doing for its members, the process has been simplified for transfer of PF account on change of jobs wherein the requirement to
Budget 2025: Ahead of the Union Budget 2025, central government employees have again requested the Centre to look into their commuted pension restoration demand. At present, the government restores the commuted pension of a retiree after 15 years from the commutation date. The Staff Side of the National Council Joint Consultative Machinery (NC JCM), representing
Budget 2025 Expectations for Insurance Industry: The insurance industry in India is poised for transformative growth, driven by increasing awareness of financial security and the need for robust risk management. As the government prepares for the Budget 2025, the industry is hopeful for significant reforms that will enhance financial inclusion, address affordability challenges, and align
By Neeraj Agarwala Concerns have been voiced about notices issued by the Income Tax (I-T) Department regarding non-taxable gifts received from family members. While such gifts are legally exempt from tax under certain conditions, the lack of a designated reporting section in income tax return (ITR) forms has created confusion and led to unnecessary scrutiny.
The Executive Committee (EC) of the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation’s (EPFO) on Saturday discussed the status of the pending applications of subscribers who opted for higher pensions, post a Supreme Court ruling in 2022. According to an official release, the panel was apprised about the expeditious examination of
As the markets have turned volatile, investing in hybrid funds can deliver better risk-adjusted returns through diversification. Investors with a moderate-to-high risk appetite should opt for aggressive hybrid funds. And those with low risk appetite, should look at balanced advantage funds. Aggressive hybrid funds invest 65-80% in equities and the rest in debt. On the
A recent survey by PwC reveals that nearly 9 out of 10 CEOs in India remain confident in the country’s economic growth, with a strong emphasis on expansion, including increasing headcount and continuing the rollout of Artificial Intelligence (AI) technologies. As global leaders gather in Davos under the theme “Collaboration in the Intelligent Age,” PwC’s
Benchmark Sensex tanked 1,235 points to settle at more than seven-month low due to an across-the-board selloff triggered by global tariff war worries and persistent foreign fund outflows, making investors poorer by over Rs 7 lakh crore. The 30-share BSE Sensex plummeted 1,235.08 points or 1.60 per cent to settle at 75,838.36 dragged by losses
Private B-school Birla Institute of Management Technology (BIMTECH) has jumped on the crypto bandwagon with the launch of its blockchain-based digital currency BIMCOIN. The coin will facilitate instant crypto transactions among students, vendors, and administrators of the B-school through a permissioned blockchain platform. Following IIT Madras, BIMTECH said it has become India’s first business management
With HDFC Bank all set to announce its fiscal third quarter earnings on Wednesday (January 22), brokerage firms and analysts said that the banking major is expected to post 8.1-8.4 per cent growth in its Q3 Net Interest Income (NII). The NII range is seen between Rs 30,778 crore and Rs 30,887 crore. Experts said
Adani Energy Solutions Ltd (AESL) on Tuesday announced that it has won a Rs 25,000 crore Bhadla (Rajasthan) – Fatehpur (Uttar Pradesh) HVDC (High Voltage Direct Current) order. In a regulatory filing, the Adani Group firm said that it is AESL’s largest order win till date. Post this, the company’s under execution order book reached
