Money that can be locked in for a period should go to fixed maturity funds of that period. It’s a simple recipe, and one of the desirable by-products of having a focussed and predictable monetary policy.
The economic slowdown and rising prices have increased the default rate on credit cards and banks pulling out all stops to ensure it does not go out of control.
Tata Motors accounts for 80% of the £19-billion (approx Rs.
1.9 lakh crore) turnover of the 41 fastest-growing Indian companies based in Britain, according to a new analysis by consultants Grant Thornton LLP released on Friday.
So you have a few lakh rupees sitting around, and you want to splurge it on that superbike of your dreams. Almost all bike makers of the world are in India now: all you now need to do is decide what to buy!
The government is likely to take baby steps towards easing restrictions on gold import. There will be minor tweaking to allow easier imports of the yellow metal but any major step is unlikely due to the model code of conduct.
As the financial year begins, this is the best time to plan your tax saving options for the year ahead. However, before you do so, analyse various sections of deductions. Tax planning does not end with Section 80C.
Strategists in Modi's BJP, confident that his jobs-first policy pitch will secure a strong voter mandate, suggest that they would prefer to have one of their own at the helm of the RBI.
The benchmark BSE Sensex dropped by another 102 points in morning trade on Friday on selling pressure from operators mainly in refinery, capital goods and banking sectors, tracking lower Asian cues.
Gold edged lower on Friday as the market nervously awaited US nonfarm payrolls data, heading for its longest weekly losing streak in over six months as equities firmed and optimism grew about the US economy.
The rupee on Friday gained eight paise toclose at 60.08 against the dollar on fresh selling of the US currency by exporters and some banks notwithstanding weakness in local equities and firm greenback overseas.
The chief of Firefox browser maker Mozilla is stepping down in the face of controversy stirred by his support of a California bill to ban gay marriage.
Norwegian telecom operator Telenor on Friday said it has been allowed to offset Rs.
1,660 crore against payment due for spectrum bought in November 2012.
India’s services sector shrank faster in March compared to the previous month, raising worries about an early revival of the economy battling to claw out of a decade-low slowdown, the results of a latest monthly survey showed.
The CAG has issued a final warning to the DoT, asking it to reply within 10 days for failing to explain lapses in how it charged telecom firms for usage of spectrum and the way it handed out concessions.
It's bonanza time for airtravellers, with Air India, IndiGo and GoAir today joining the latest war over airfares, launched by SpiceJet which had earned the wrath of DGCA for offering one rupee air fares two days ago.