Best FD rates for senior citizens: Fixed deposits (FDs) have long been a popular and safe investment choice for small retail investors who look for safety of money and do not chase hefty returns. While FDs typically don’t offer returns as high as other asset classes like equities, gold, real estate, or government securities, they
Systematic Investment Plans (SIPs) have become increasingly popular among investors who prefer a structured method for building wealth. Although SIPs present various benefits, neglecting to make timely payments can significantly affect an investor’s financial health. The effectiveness of SIPs is largely attributed to the principle of compounding, which is greatly diminished when payments are not
A social media post has gone viral, claiming that the retirement age for central government employees has been increased to 62. But how accurate is this claim? Has the government really raised the retirement age for its staff? Let’s fact-check this claim. Before diving into the details of the social media post, it is important
The Indian government’s progress in digitalisation is already reshaping the tax landscape, enhancing the ease of doing business and driving efficiencies that taxpayers highly appreciate, according to a survey. The second edition of Deloitte India’s Income Tax Digitalisation in India survey reveals that India Inc has shown a positive perception towards tax technology and significant
In the wake of increasing demand for luxury residences following the pandemic, the latest ANAROCK data reveals unprecedented new launches and sales of high-end properties in the top seven cities. During the first half of fiscal year 2025, the average price of homes sold in these urban areas reached Rs 1.23 crore, compared to Rs
Getting a loan for the first time can be a bit daunting, as there are many factors to take into account, such as eligibility, interest rates, credit duration, documents required for loan processing and many other things. There are different types of loans available to suit various needs of borrowers. These include personal loans, home
The recent surge in demand for ultra-luxury homes is intricately linked to the increasing global wealth, especially noted in the Asia-Pacific regions. This rise in high-net-worth individuals is not just influencing real estate as an investment but also as a lifestyle choice, reflecting their personal success and stature. In 2023, the wealth of these individuals
For the past sixty years, the Central Government Health Scheme has been delivering extensive medical care to Central Government employees and pensioners who are registered under the CGHS scheme. CGHS effectively addresses the healthcare requirements of eligible beneficiaries across all four pillars of India’s democratic framework: the Legislature, Judiciary, Executive, and Press. It serves as
Godrej Consumer Products (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of Rs 515 crore. The facility has the potential to generate 1,000 direct and indirect jobs. Speaking on the sidelines, the company’s MD & CEO, Sudhir Sitapati, said the slowdown in
Direct-to-consumer (D2C) skincare brand Minimalist, recently acquired by Hindustan Unilever (HUL) for Rs 3,000 crore, will leverage the FMCG firm’s vast distribution network to scale up both its domestic and international presence. The deal, which aligns with Minimalist’s expansion goals, will provide the resources needed for growth in manufacturing, research and development (R&D), and offline
The addition of demat accounts in February fell to a 21-month low at 2.26 million even though their total number surpassed the 190 million mark, according to data from CDSL and NSDL. As the stock markets have entered a correction phase since late September, the monthly addition of new demat accounts also showed a declining
Goldman Sachs has reduced its 12-month target for the Nifty by around 5.6% to 25,500 from the previous target of 27,000, representing around 12% potential upside from Monday’s level of 22,460. Goldman’s three-month target for the NSE benchmark is 23,000 and it expects the indice to touch 24,000 in the next six months. ALSO READAfter Goldman
India added 25.2 gigawatt (GW) of solar power capacity in the calendar year 2024, significantly higher than 8.3 GW installed in 2023, as per Mercom’s recent report on solar market. The market witnessed record installations last year surpassing annual capacity additions of all previous years. During last year, 22 GW of large-scale solar projects were
