As companies process April salaries, the revised wage definition under India’s labour codes has brought focus on whether employees will see a change in their take-home pay this month. The impact, however, hinges on how and when employers implement the new framework. What the rule changes Under the updated wage code, “wages” — comprising basic…
The Indian rupee opened slightly weaker on Thursday (April 9), tracking a cautious global mood as uncertainty around the West Asia ceasefire weighed on risk sentiment and pushed crude oil prices higher. Opening levels and movement The rupee began the session at 92.66 per US dollar, compared with Wednesday’s (April 8’s) close of 92.58. This…
Taxpayers claiming deductions on donations may need to furnish more granular details while filing income tax returns for assessment year 2026–27, following changes introduced in the latest ITR forms. As per Taxmann, the updated forms have added new disclosure fields in Schedule 80G, which covers deductions claimed for donations made to specified funds, charitable institutions…
PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to act as a sponsor for a pension fund under the National Pension System (India) (NPS), the company said. Following the approval, the firm plans to set up a separate pension fund entity that will manage retirement savings of NPS…
The Pension Fund Regulatory and Development Authority (PFRDA) has launched the second proof of concept (PoC) of ‘NPS Swasthya’ under its regulatory sandbox, aiming to integrate retirement savings with access to healthcare funding within the National Pension System (NPS). The initiative is being developed as a multi-partner framework. Medi Assist Healthcare Services is providing the…
COMEX gold and silver prices retreated on Thursday (April 9), reflecting cautious investor sentiment as geopolitical tensions in West Asia continued to influence commodity markets. Gold on the COMEX was last quoted at $4,738.80 an ounce, down $38.40 or 0.8%, while silver fell $1.925, or 2.55%, to $73.46 an ounce. Analysts said the declines follow…
In the wake of sharp market corrections, investors must be looking for opportunities to invest in fundamentally strong companies at attractive valuations. Chintan Haria, Principal – Investment Strategy, ICICI Prudential AMC, shared insights on why value-based investing, particularly through passive ETFs, is gaining relevance. Value-based approach adds structure during volatility “Markets can be noisy and…
Green Portfolio, a SEBI-registered investment management firm, has launched a new tool, The Wealth Roadmaps, designed to help retail investors achieve specific wealth milestones of ₹25 lakh, ₹1 crore, or ₹5 crore. The portfolios are available through the small case platform and allow investors to start a systematic investment plan (SIP) in a curated set…
Even as the Reserve Bank of India (RBI) Governor Sanjay Malhotra held the repo rate steady on April 8, the policy backdrop appears supportive for fixed deposit (FD) investors, with multiple market indicators pointing to a possible gradual uptick in deposit rates. The decision to maintain status quo comes at a time when bond yields,…
Groww Mutual Fund has launched the Groww Arbitrage Fund, an open-ended scheme that seeks to invest in arbitrage opportunities in the equity markets. The fund will be open for subscription during its NFO period from April 8 to April 22. The scheme primarily follows a “long cash – short futures” strategy, where positions in the…
