The recent decision by the Uttar Pradesh Government to require the registration of builder-buyer agreements upon the payment of 10% of the flat’s price has raised considerable apprehension among both buyers and developers. Homebuyers are obligated to pay a percentage of the property’s value as stamp duty to ensure its registration in government records. Additionally
Wealth tech platform Nivesh has announced the acquisition of Wealthzi, a wealth platform operated by Lime Internet Private Limited. This is an important step for the company towards its goal of becoming a 360O platform taking care of complete investment and insurance-related needs of its customers. Nivesh was founded in 2016 by Anurag Garg and
India’s largest private sector lender HDFC Bank on Thursday hiked lending rates by 5 bps for short-term tenors. This increase in marginal cost of funds based lending rates (MCLR) applies to overnight, one month and three-year tenures. After this revision, the overnight MCLR rose to 9.15% from 9.10% earlier, one-month MCLR increased to 9.20% from
When it comes to transferring money, we all try to be careful. We often check and double-check every detail before hitting the ‘send’ button. But we’re human, right? Mistakes do happen. A simple miscalculation or an unintended keystroke can result in your hard-earned funds being transferred to an incorrect bank account. So, what do you
A number of banks have raised the interest rates associated with their fixed deposits during the festive period and some of them have also come out with special FD schemes to lure customers. Therefore, this seems to be an opportune moment for people to explore fixed deposit investments. A fixed deposit (FD) presents an attractive
The Department of Pension and Pensioners’ Welfare (DoPPW) has issued new guidelines to help government employees who are unable to submit their pension forms due to health challenges. The updated instructions provide a clear process for handling such cases, ensuring that employees and their families do not face unnecessary delays in receiving pension benefits, according
After offering higher interest rates on fixed deposits for nearly two years, banks now seem to be moving towards easing FD rates. In this regard, Yes Bank has taken the first step by lowering its interest rates by 25 bps on select tenor FDs for both general customers and senior citizens. It is expected that
Mumbai-based venture capital firm Inflexor Ventures on Wednesday announced the first close of its targeted Rs 350-crore Opportunities Fund at Rs 280 crore. HDFC AMC Select AIF FoF I Scheme is the lead investor in this fund, which also includes investments from high net worth individuals (HNIs), family offices, corporates, and institutions. The final close
The reprieve for India’s drug companies from the Trump administration’s reciprocal levies could be short-lived, with the US president Dnald Trump saying, “pharma tariffs are going to come in at levels you haven’t really seen before.” “We are looking at pharmaceuticals as a separate category. We will be announcing that sometime in the near-future and
By Neeraj Agarwala I plan to sell some family gold as prices are high now. It was purchased by my grandfather and there are no bills. Do I have to pay any tax on the sale amount? —D R Rao The sale of gold jewellery is subject to tax under the head ‘capital gains’. Since
Avenue Supermarts, best known for its DMart chain of stores, is accelerating store additions as competition intensifies within grocery retail. The value retailer added as many as 28 stores in the March quarter (Q4) of FY25, its latest business update said, the highest in four years. The latest addition will also see the value retailer
AWL Agri Business, formerly Adani Wilmar, recorded a 7% year-on-year volume growth in the fourth quarter (Q4) of fiscal 2025, it said in a business update on Friday. The company saw a 36% year-on-year revenue growth, with stronger performance in rural towns compared to urban markets. This growth, particularly in the foods category, was driven
It started as a hole-in-the-wall outlet selling namkeen and mithai in Bikaner, Rajasthan, way back in 1937. Today, Haldiram’s is the undisputed bhujia king that marquee global investors are rushing to grab a bite of. It is tough to put a single face behind its grand success story, though. “Every member of the family is
