The Delhi government has renamed its proposed Mahila Samriddhi Yojana as Delhi Lakshmi Yojana and is targeting its rollout around Raksha Bandhan, according to an official post by the Chief Minister’s Office (CMO) Delhi. The scheme aims to provide ₹2,500 per month to eligible women through Direct Benefit Transfer (DBT). While a detailed notification is…
India’s broking industry witnessed muted growth in the first half of calendar year 2026, with the number of active clients on the National Stock Exchange (NSE) rising by around 2.8 lakh between January and June, according to NSE data. The total active client base stood at about 4.54 crore at the end of June, reflecting…
Gold prices edged lower on Tuesday (July 14), while silver declined more than 1%, as investors weighed rising geopolitical tensions in the West Asia against expectations of tighter US monetary policy ahead of key inflation data. COMEX gold was trading at $4,004 per ounce, down 0.04%, while COMEX silver fell 1.06% to $57.355 per ounce…
India’s payment habits have changed rapidly over the past few years. From buying vegetables to paying for a cup of tea, many everyday transactions now happen through a smartphone instead of cash. At the centre of this shift are the Unified Payments Interface (UPI) and credit cards. While both offer convenience, they work differently, and…
Thomas Cook India has relaunched its One Currency Card with zero forex markup and zero cross-currency conversion charges, targeting frequent international travellers looking for a prepaid foreign exchange payment option. The company said the prepaid forex card allows customers to load funds in US dollars before travel and lock in exchange rates, a feature aimed…
Investors today have access to a wide range of professionally managed investment products, from mutual funds to Portfolio Management Services (PMS). One offering that has emerged in recent years is the mutual fund-based PMS (MF-based PMS), which combines the portfolio management framework of a PMS with investments made through mutual funds and exchange-traded funds (ETFs)…
Changing jobs could become simpler for Employees’ Provident Fund Organisation (EPFO) members. The retirement fund body has removed the requirement to submit a separate provident fund (PF) transfer request for members whose Universal Account Number (UAN) is linked with Aadhaar. Eligible PF balances will now be transferred automatically when such members join a new employer….
Investors seeking passive exposure to India’s banking sector have a new exchange-traded fund (ETF) option. Bajaj Asset Management, formerly known as Bajaj Finserv Asset Management, has launched the Bajaj Finserv BSE Top 10 Banks ETF. The New Fund Offer (NFO) opened on July 13 and will close on July 15. The ETF will track the…
Not many people are aware that insurance money worth hundreds of thousands of rupees could be lying unclaimed with insurance companies. This may include maturity proceeds, death claim benefits, survival benefits or premium refunds that were never collected by the policyholder or their family. Such amounts often remain unclaimed because important documents were lost, contact…
JioBlackRock Asset Management is targetting annual returns of 9-11% from its newly launched Prism Hybrid Long Short Fund. a specialised investment fund (SIF) aimed at delivering differentiated returns across market cycles, said MD and CEO Sid Swaminathan. “The goal here is to try and generate that consistent nine to 11% as the range,” he said,…
