With mid cap and witnessing a decline in in the month of May, experts are of the opinion that the pace of inflows into small-cap and mid-cap funds saw some cooling compared to April, indicating a cautious undertone amid market valuations and global uncertainties. “Also, investors need to be wary of inherent risks that tag … Read more
HDFC Bank, one of India’s leading private sector lenders, has revised interest rates on its fixed deposits (FDs) and savings accounts following the Reserve Bank of India’s (RBI) recent move to cut the repo rate by 50 basis points—from 6% to 5.5%. The bank has reduced FD rates by up to 25 basis points across … Read more
Your orders on Zomato might become costlier soon Zomato, a leading food delivery platform, has introduced a new ‘long-distance fee’ for its restaurant partners. The move is aimed at improving profitability and ensuring better compensation for delivery partners. The charge will be applicable on orders delivered beyond 4km from the restaurant or cloud kitchen. For … Read more
Mumbai: Benchmark BSE Sensex closed lower by 53 points in a volatile trade on Tuesday, snapping its four-day winning run due to profit-taking in banking and energy shares. The 30-share Sensex declined by 53.49 points or 0.06 per cent to settle at 82,391.72 with 14 of its constituents closing lower, 15 with gains and one … Read more
Investors are watching China-US trade talks in London that could have a huge impact on the global economy as early trading on Wall Street was mostly flat. The S&P 500 edged up 0.1% in early trading Tuesday. The Dow Jones Industrial Average was flat and the Nasdaq composite rose 0.2%. Stocks have roared higher since … Read more
OpenAI’s popular chatbot ChatGPT suffered an outage on Tuesday, as users across the world, including in India, were facing problems with loading and accessing results to prompts. The company said there are “elevated error rates and latency” that users have been experiencing on various AI platforms. “We are investigating,” said the company. About 88 per … Read more
Mumbai: Investors booked some profits in equity mutual funds and held back from allocating fresh money in May in the wake of the rebound in the stock market. Flows into equity schemes dropped 22% to ₹19,013 crore in May from ₹24,269 crore in April. “After a robust performance in the preceding months, elevated stock valuations … Read more
Mumbai: Wealth managers are offering ‘s latest $3.4 billion (₹28,500 crore) to , but only to those willing to invest a minimum of ₹10 crore in the secondary market. A small portion of the debentures, originally placed with institutional investors at a yield of 19.75%, is being sold down to wealthy clients at yields of … Read more
I am 25 years old and in my first job. Is it wiser to buy a house early in my career or focus on building financial assets first? Adhil Shetty CEO, BankBazaar: If for yourself is a primary priority, then go for it, but be mindful of some challenges. First, securing a home loan may not … Read more
Home loan EMI: The real estate market is growing rapidly these days. In today’s time, property prices have become very high. In such a situation, many people buy a house by taking a home loan, but later they have difficulties in paying the home loan EMI (home loan EMI rules). Paying EMI on time becomes a … Read more