Carnelian Asset Management & Advisors has received approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business, marking its entry into India’s rapidly expanding mutual fund industry. The approval will allow the asset manager to offer mutual fund schemes to retail investors alongside its existing portfolio management services (PMS),…
The government has shared the latest status of its rural and urban housing schemes, with separate updates on Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) and Pradhan Mantri Awas Yojana-Urban (PMAY-U). Separate replies in Parliament by the Ministry of Rural Development and the Ministry of Housing and Urban Affairs (MoHUA) highlighted the progress of the two schemes…
The 8th Pay Commission has renewed expectations among central government employees and pensioners about a revision in salaries and benefits. While the final recommendations, including the fitment factor and revised pay matrix, are awaited, previous Pay Commissions provide a reference point for how salary structures have evolved over the years. The fitment factor has historically…
Samsung Electronics has entered the US credit card market with the launch of Samsung Galaxy Card, a co-branded credit card issued by Barclays US Consumer Bank and operating on the Visa network. The card offers cashback rewards on purchases, including higher rewards for select Samsung transactions. It is integrated with Samsung Wallet, allowing users to…
As the income tax return (ITR) filing deadline approaches, taxpayers owning a second home need to ensure the property is correctly reported in their returns. Whether the property is self-occupied, rented out or lying vacant determines its tax treatment and the deductions available. Experts say misreporting additional properties is among the common mistakes made by…
Gold prices extended their gains on Wednesday (July 22), climbing to a near two-week high in global markets as investors rushed to safe-haven assets amid escalating tensions in the West Asia and looked ahead to next week’s US Federal Reserve policy meeting for fresh clues on the interest rate outlook. COMEX gold futures rose 1.17%…
A monthly Systematic Investment Plan (SIP) of ₹10,000 in the Bank of India Mid & Small Cap Equity & Debt Fund’s Regular Plan over the past 10 years would have grown to ₹28.89 lakh, according to Value Research’s SIP calculator. The investment would have involved a total contribution of ₹12 lakh and delivered an annualised…
Snake bites are medical emergencies that often require immediate hospitalisation and specialised treatment. While many health insurance policies provide coverage for the medical expenses arising from snake bites, including ICU treatment, medicines and diagnostic tests, the extent of protection depends on the specific terms and conditions of the policy. Read below to know if health…
Markets regulator SEBI on Tuesday, July 21, introduced a single certification examination to simplify the eligibility requirements for persons to sell and distribute mutual funds and Specialised Investment Funds. Under the new framework, any person employed or engaged in the sale and/or distribution of Specialised Investment Fund (SIF) products will be required to hold a…
The government has said it is examining demands to increase the minimum pension under the Employees’ Pension Scheme (EPS), but has not taken any decision yet on raising it from ₹1,000 to ₹7,500. The issue was raised in Parliament, where Minister of State for Labour and Employment Shobha Karandlaje said the government has received requests…
