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
In a major step towards enhancing the digital empowerment of pensioners, Union Minister Jitendra Singh on Wednesday launched the Nationwide Digital Life Certificate (DLC) Campaign 3.0. This campaign aims to streamline the process for pensioners to submit their Digital Life Certificates (Jeevan Praman) from the comfort of their homes or at designated pension disbursing centers
In a bid to make quality higher education more accessible, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the PM Vidyalaxmi Scheme, designed to provide financial support to meritorious students across India. The initiative aims to ensure that financial constraints no longer prevent any youth from pursuing higher education in the country’s
Spot silver prices in the country have zoomed over 40% in the past one year, generating interest among investors towards other silver-based investment instruments. Silver exchange-traded funds (ETFs) are now becoming popular among investors. SEBI gave its go-ahead to silver ETFs in September 2021. Let’s understand silver ETF! Silver ETFs are exchange-traded funds that can
Realty developer CRC Group has announced the launch of an ultra-luxury residential project, CRC Maesta, in Noida, entailing an investment of Rs 525 crore. This landmark development aims to set new standards for luxury living in the region, with projected sales revenue of Rs 800 crore. Guided by a vision to blend luxury, innovation, and
The mutual fund industry’s asset size has been growing rapidly month after month, according to the latest data released by the Association of Mutual Funds in India (AMFI). Unsurprisingly, most of the fresh investment in mutual funds is coming in equity schemes. Around 87% of individual investors have preferred to invest in equity-oriented schemes, data
The Department of Pension and Pensioners’ Welfare (DoPPW) has issued new guidelines requiring periodic verification of qualifying service for government employees who have completed 18 years of service and have five years left before their retirement. This verification will help determine the employee’s qualifying service, ensuring that all necessary records are in order before their
Thyrocare on Thursday announced its financial results for the quarter and nine months ended December 31, 2024. According to the company’s statement, the diagnostics major reported revenue of Rs. 165.9 Cr in Q3FY25 with a growth of 23 percent YoY. According to the company’s statement, Thyrocare’s consolidated revenue increased by 23% year-over-year (YoY) with Pathology
Gold prices rose Rs 170 to hit a fresh record high of Rs 82,900 per 10 grams in the national capital on Thursday amid a positive global trend, according to the All India Sarafa Association. The precious metal had closed at Rs 82,730 per 10 grams on Wednesday. In about one year, the precious metal
Good news for taxpayers! The Finance Ministry has made some changes to the Direct Tax Vivad Se Vishwas Scheme, 2024, removing “difficulties” that arose due to certain situations for taxpayers. This update in the scheme will bring relief to taxpayers who wanted to apply for the scheme but could not do so earlier. “CBDT…makes the
United Spirits, which makes Smirnoff vodka, on Thursday reported a profit of Rs 335 crore for the third quarter of FY25, posting a decline of 4.29 per cent in comparison to Rs 350 crore during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 7,732 crore, reporting a growth of
Pharma major Mankind Pharma on Thursday reported its financial results for the third quarter and nine months ended 31 st December 2024. The company reported revenue from Operations at Rs. 3,230 Cr, up by 24% YoY and domestic revenue at INR 2,773 Cr, up 17%, Exports at INR 457 Cr, up 121% YoY. The company’s