Wealth: Page 10

News and Trends

Retirement Falls Last on Financial Priorities of Indians: Survey

As much as 51 per cent respondents in the Retirement Survey released by PGIM India MF reported that they have absolutely no financial plan for their retirement

News and Trends

Hit by Covid-19 lockdowns, 1.04 Cr Salaried Workers Withdraw INR 39,402 Crore from PF Since March

Data shows that INR 39,402 is slightly less than one-third of the Employee Provident Fund Organisation's (EPFO) yearly collections

News and Trends

Hit by Covid-19, EPFO to Credit Interest in Two Tranches

CBT, the decision making body of EPFO, has decided to credit 8.15 per cent interest first, while the remaining 0.35 per cent will be credited later in December

Business News

Jeff Bezos Now Worth More Than $200 Billion

The Amazon CEO continues to be the world's chief beneficiary of quarantine consumer culture.

News and Trends

Mukesh Ambani Races ahead of Buffett, Larry Page and Musk to Become World's Fourth Richest Person

Bloomberg Billionaire's Index has pegged Mukesh Ambani's net worth at USD 80.6 billion after he amassed a whopping USD 22 billion this year

News and Trends

RBI Keeps Interest Rates Unchanged, Proposes More Measures to Fight Covid-19

The central bank has slashed interest rates by 115 basis points (bps) since the beginning of this year, bringing it to the lowest level since 2000. Repo rate was last cut in an off-cycle policy review in May

Finance

Succession Planning - Myths Vs Facts

In the wake of COVID-19 and the uncertainty it presents, it is imperative to revisit succession planning and understand what it entails to sustain and survive large businesses

News and Trends

Tax Evasion To Get Tough As New Form 26AS Puts High-Value Transactions Under Greater Scrutiny

As per CBDT, the improved Form 26AS will include some of the high-value transactions done by a taxpayer in a financial year

News and Trends

Covid-19 Has Driven Indians to do Proactive Financial Planning: Max Life Survey

As much as 83 per cent respondents said the ongoing situation demands them to be more proactive about their financial planning

Finance

5 Long-term Strategies To Create Wealth

Investing is not always straight forward, and an individual should therefore have a strong understanding of their investment choice

Business News

50 Things You Need to Succeed in the Perpetually Changing World of Modern Finance

Want to break into the world of finance? Here's what C-suite executives want you to know.

News and Trends

ITR Filing and Tax-Saving Investment Deadlines Extended. Check the New Dates

In wake of the challenges posed by coronavirus, the central government today announced extension of filing of income tax return for the fiscal 2019-20 to 30 November, 2020 from the original 31 July 2020

Finance

Alankit Ties-up With Stockal to Help Indians Invest in US Stocks

Termed as World Investing, the platform comes with fractional share investing feature that lets investors buy as little as $5 or $10 of a stock in a single trade

Finance

Back-up or Pack-up: What's the Plan Of Action In These Uncertain Times

COVID-19 has left an indelible impact on the year and on us, changing our perspectives towards life and finances, irrevocably

Finance

Fixed Income Portion Of the Portfolio Should Stabilize the Overall Returns

When the economy is undergoing a slowdown, and inflation is not high, any central banker will try to reduce the level of interest rates, increase the quantum of money in the system, incentivize banks to lend to the real economy by lowering the alternative rates of deployment