Building a retirement corpus is only the first step. Experts Prableen Bajpai and Mrin Agarwal explain how managing money after retirement is equally important. They highlight the impact of inflation, rising expenses, and longer lifespans on savings. The discussion focuses on creating steady income, planning withdrawals, and balancing investments to ensure the corpus lasts through…
Axis Mutual Fund will temporarily restrict fresh inflows into three of its international funds from May 6. The asset manager will suspend subscriptions in the Axis Global Equity Alpha FoF, Axis Global Innovation FoF, and Axis Greater China Equity FoF effective Wednresday (May 6). The restriction will apply to all new and additional investments, including…
State Bank of India (SBI) may face service disruptions later this month as employees’ unions have announced a two-day nationwide strike, which could effectively lead to a four-day break in branch operations. The All India State Bank of India Staff Federation (AISBISF) has called for a strike on May 25 and 26. Since May 23…
As the Indian rupee remains under pressure, outbound travellers must be rethinking how to manage foreign exchange costs. Instead of reacting to currency swings, experts say a more effective approach is to lock in certainty where possible and combine payment tools to balance cost and flexibility. Lock in rates early, but avoid last-minute loading One…
The issuance of new life insurance policies in India has declined following the removal of tax deduction benefits under the new tax regime, according to a report by news agency ANI quoting former HDFC Bank Chairman Deepak Parekh. Parekh said that earlier growth in life insurance was significantly supported by tax incentives, which allowed policyholders…
Jio Payments Bank has partnered with Ezeepay to expand access to basic banking services across more than 12,000 PIN codes, with a focus on semi-urban and underserved regions. Under the arrangement, Ezeepay will act as a Business Correspondent (BC) for Jio Payments Bank, enabling the lender to distribute services through Ezeepay’s network of local merchants….
Gold and silver prices in India traded with a volatile bias on May 5, tracking mixed global cues and persistent macroeconomic pressures. On the Multi Commodity Exchange of India, gold prices edged higher but remained below the ₹1.49 lakh per 10 gram mark, while silver traded lower, struggling to hold above ₹2.43 lakh per kg….
As Specialised Investment Funds (SIFs) begin to take shape as a new investment category, investors may need to adopt a more nuanced, strategy-led approach before allocating, according to Gaurik Shah, fund manager at Mirae Asset Investment Managers (India). He said SIFs are positioned as a bridge between traditional mutual funds and higher-ticket offerings such as…
The Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing amendments to the SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008, with the aim of aligning its framework with the Reserve Bank of India’s (RBI) 2021 directions on securitisation of standard assets. The regulator has invited…
The National Stock Exchange of India (NSE) has introduced Electronic Gold Receipts (EGRs) as a new trading segment, aiming to improve transparency and efficiency in gold price discovery. EGRs are dematerialised securities that represent ownership of physical gold stored in Securities and Exchange Board of India-accredited vaults. These receipts are held electronically via depositories and…
