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India’s headline retail inflation rate fell to a three-month low of 6.77% in October from 7.41% in previous months with a favorable base effect, data from the Ministry of Statistics and Program Implementation showed on 14 of November. At 6.77%, the latest Consumer Price Index (CPI) inflation reading is broadly in line with expectations. According …
Although several cases of electric bicycle fires have been detected in recent months, nothing prevents this segment of vehicles from gaining momentum. Although still in its infancy, property and casualty insurers are turning to this segment and recognizing its growth potential. Major insurers such as Bajaj Allianz General and HDFC ERGO have established dedicated portals …
There is little less than a day and a half left before the deadline for submitting the Income Tax return (ITR). The deadline, July 31, is fast approaching. Meet this deadline if you don’t want to pay late fees, default interest on taxes owed, and lose other benefits of filing the ITR before the due …
What is the first thing that comes to mind when inflation rises? Fruit and vegetable prices? Maybe fuel costs too. While discussions about the cost of lemons, tomatoes, and potatoes have been all the rage, there are other areas where inflation has consistently affected over time. The cost of education is one of those areas …
Rising oil prices due to the war in Ukraine have pushed up inflation in India, which needs monetary tightening and measures to address structural weaknesses to improve growth potential, a senior IMF official said. The country’s economy is expected to grow 8.2% in 2022-23, down 0.8 percentage points, said Anne-Marie Gulde-Wolf, acting director of the …
Tata Mutual Fund (MF) has applied for a Global Semiconductor Fund (FoF) with the Securities and Exchange Board of India (SEBI). The fund will hold shares in several publicly traded exchange-traded funds (ETFs), which in turn invest in foreign-listed semiconductor chip companies. The ETFs are iShares Semiconductor ETF, iShares MSCI Global Semiconductors UCITS ETF, VanEck …
You may have heard of two types of debt: good debt and bad debt. “Good” debt is money owed for things that can help build wealth or increase income over time, such as B. Student loans, mortgages, or business loans. “Bad debt” refers to things like credit cards or other consumer debt that do little …
In the most recent iteration of a sustained rise in bitcoin prices, the cryptocurrency surged more than 300% over the past year. This is the third major round of Bitcoin price spikes since 2013 – the previous two “bubbles” ended with a sharp drop of over 80%. Unlike a stock or bond, it is difficult …