Business

Over time, the interest earned on the accumulated balance earns interest, allowing compounding to steadily increase your retirement savings. Being a crorepati and accumulating a corpus of over Rs 1 crore is often a financial goal for money. But when you are thinking of SIPs, mutual funds, stock markets, ETFs, gold, silver, one quiet savings…

Digital payments hit a record 24.51 billion transactions in August Unified Payments Interface (UPI) hit a new monthly high in August, with transaction volumes crossing 24 billion for the first time in a month and reaching 24.51 billion, according to data released by the National Payments Corporation of India (NPCI) on Tuesday.The record came as…

One individual on Reddit claims that he has achieved a net worth of Rs 7 crore at the age of 31. (Image for representative purpose) Financial independence has always been a talked about subject, what is changing however is the trend of FIRE – which means Financial Independence, Retire Early. Several people are sharing their…

NEW DELHI: Centre on Tuesday tightened the stock limit for sugar dealers, reducing it from 4,000 quintals to 2,000 quintals from September 15 to November 30, as it sought to curb hoarding and contain rising retail prices.The food ministry said the existing 4,000-quintal limit would continue in Kolkata and its extended metropolitan areas “considering the…

India’s IT hiring landscape is undergoing a significant change. Layoffs have headlined the global tech landscape for over a year now and the trend continues as the industry faces one its biggest disruptions in recent years. In India too the tech hiring and firing situation is evolving fast.Global tech giant Microsoft has put around 500…

India Manufacturing PMI falls to 52.8 in August India’s manufacturing sector lost further momentum in August, with slower output and new orders dragging factory activity to its weakest level in five years. Employment also fell for the first time in two-and-a-half years, marking a broader slowdown in the sector.The seasonally adjusted HSBC India Manufacturing Purchasing…

India’s GDP grows 7.8% in Q1 War next door. Markets on edge. Commodity prices swinging. Yet India’s growth engine continues to run strong, clocking a 7.8% GDP growth for the April-June quarter.The Q1 numbers for the financial year 2026-2027 are particularly significant as they beat expectations and comfortably exceeded the Reserve Bank of India’s 7%…

Centre expands Rs 35/kg sale to 19 cities amid supply concerns The Centre has widened its discounted onion sale to 19 cities, offering onions at Rs 35 per kg as prices rise following crop damage caused by rains in recent weeks.Delhi is among the cities covered by the intervention, with the Centre set to provide…

Imported sugar is yet to land, so why is it getting cheaper Sugar is leaving a bitter aftertaste in consumers’ household budgets.The all-India average retail price has climbed to Rs 64.24 a kilo, nearly 30% higher than a month ago and 38.63% above last year’s level. In some markets, the sting is even sharper, with…

Section 54 provides relief from long-term capital gains tax when an individual or HUF sells a residential house and reinvests the capital gain in another residential house. You bought a property jointly in the name of yourself and your wife, but the entire money spent on the purchase came from you. Now you are planning…