India is in a good place despite global turmoil, says KV Kamath

Kamath said the manufacturing sector is doing good with clean balance sheets and regular cash flows.

<ul><li>Kamath said the manufacturing sector is doing good with clean balance sheets and regular cash flows.</li></ul>

Stock Market Update: Sensex, Nifty rebound in early trade amid recovery in global equities

Among the 30-share Sensex pack, Tata Steel, ITC, IndusInd Bank, NTPC, Axis Bank, Sun Pharma, Mahindra &amp; Mahindra and State Bank of India were major winners in early trade.

Rupee rises 35 paise to 81.58 against US dollar

At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar, then touched 81.58, registering a gain of 35 paise over its previous close.

Cartrade Tech: Investors lose 60% of their wealth in this newly listed IPO

Cartrade Tech made a weak debut as it listed with a 1.11% discount to the issue price of ₹1,618, and within a month after its listing, the stock dropped to ₹1,141.45. By the end of December 2021, the stock plummeted to ₹850 levels, which is 47% lower than its issue price.

Bandhan Bank: ICICI Securities sees over 60% upside despite the stock trading at a 7-month low; Here's why

According to the ICICI securities, Bandhan Bank's net interest income will rise from ₹8,700 crore in FY22 to ₹10,500 crore in FY23 and to ₹12,300 crore in FY24. The bank's net profit is also expected to increase from ₹100 crore in FY22 to ₹4,500 crore in FY23.

Mutual funds' share in household savings jump 150% in FY22: Report

Given that households saved a total of ₹25 lakh crore in the last financial year, the share of MFs in total gross savings stood at 6.3 percent — the highest in four financial years.

Pound Resumes Fall as BOE Move Fails to Quell Tax-Cut Concerns

The pound snapped a two-day gain after the Bank of England’s bond-buying program failed to quell jitters over the UK’s tax-cut plan.

Nykaa jumps over 5% as board meets on October 3 to consider bonus share issue

Nykaa rose as much as 5.6 percent in today's deals to its day's high of ₹1,350. In comparison, the Sensex and Nifty were trading around 0.6 percent higher.

Quant Fund Rebuffs Debt Worries to Bet Big on India Adani Stocks

A quant fund is betting big on billionaire Gautam Adani’s flagship company, brushing aside concerns of leverage in the market, and burnishing its own performance in the process.

Market Open: Sensex advances 567.86 points to 57,166.14 in early trade; Nifty climbs 167.45 points to 17,026.05

Sensex advances 567.86 points to 57,166.14 in early trade; Nifty climbs 167.45 points to 17,026.05

FPIs resume selling Indian equities as more aggressive rate hikes loom

Apart from rate hikes, geopolitical tensions, sticky inflation, and the fears of a recession are also among the factors that have kept the market in the doldrums.

<ul><li>Apart from rate hikes, geopolitical tensions, sticky inflation, and the fears of a recession are also among the factors that have kept the market in the doldrums.</li></ul>

Jamtara on Netflix: Here are money lessons you can learn from the show and save yourself from financial frauds

It is a straight out of a movie script. A guy sitting in a nondescript village rings up random people pretending to be a bank official and tricks them into sharing their credit card details. Read further to know how can you protect your bank account from such fraudsters

Before Market Opens: Sensex, Nifty likely to open higher; 9 things to know at 9 am on September 29, 2022

Indian markets are likely to open higher on Thursday, snapping a 6-day losing streak as Asian peers staged a comeback after Wall street rose in overnight deals. At 8:20 am, the SGX Nifty was trading 146 points or 0.86 percent higher at 17,035, indicating a gap-up opening for the Indian markets. Let's take a look at some key market cues before the market opens today:

AU Small Finance Bank is Axis Securities' pick of the week; 3 reasons explained

Axis is bullish on AU Small Finance Bank on the back of encouraging growth prospects, healthy asset quality, strong deposit franchise, and well-capitalized to fuel growth post the recent capital raise.

Recession on horizon? 4 ways to ensure financial security during these tough times

Recessions are inherent to economic cycles. They are necessary too as they allow you enough time to assess the quality of your current investments while also helping to park money in good investments at attractive valuations. Irrespective of the longevity of the recession, you must have in place a proper strategy in place to take care of your finances.

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Global Markets Wrap: Asian Stocks Rally as BOE Lifts Risk Sentiment

The rally in riskier assets was triggered by the BOE’s plan to purchase up to £65 billion ($71 billion) in UK government debt over the next two weeks. The move averted a crisis for retirement funds and has lifted risk sentiment in Asia’s markets Thursday.

MintGenie Specials

Financial Planning: Follow the thumb rules of investing, but with caution

Financial Planning: Do not rely on “thumb rules” alone for your investments. Know what you need and what you want before deciding how and where you must invest your money.

Income Tax: Forgot to file the I-T Return? Know about revised, belated and updated returns

Income Tax: There may be times when you forget to file a return or overlook certain details when doing so. There are several sorts of income tax returns that can be submitted depending on the situation, including revised, belated, and updated filings. Let us discuss them in detail.

Sonakshi Sinha suffered this, you can too; What is double taxation and how can you ensure to avoid it?

Last week actor Sonakshi Sinha settled her case with the income tax department over double taxation. This is an issue that crops up for people who earn in India and abroad. To claim tax credit, tax payers need to file the form 67 and submit it before the end of the relevant assessment year. Earlier the rules mandated that the tax payers submit the form before filing the taxes.

Personal Finance

'Too old' to start investing? This is how you can still make the most of it

While starting early has tremendous benefits when it comes to investing, all is still not lost if you are a bit late to the party. You can still achieve your financial goals. 

Financial Planning: How do you diversify a fixed income portfolio into different buckets?

It is essential to demarcate the fixed income portfolio into different buckets with different use cases.  Read further to know more 

9 money habits you can learn from Goddess Durga's nine avatars

During this Navratri festival, as we celebrate the special nine days, I would like to share how I have drawn lessons from the nine avatars of Maa Durga and how I have applied those to my personal financial planning.

Indian markets can underperform developed peers if pressure on rupee persists: Nishit Master, Axis Securities

The markets are currently factoring in a 50 bps rate hike in the next week's RBI policy meet, said Nishit Master, Portfolio Manager, Axis Securities PMS. 

Expert Speak

Rupee's hitting record lows; Key reasons explained

On Tuesday the Indian Rupee fell to a record low of 81.77 against the dollar, and it settled above the 81 mark for the fourth time in a row. So far this year, the Indian currency has lost 10% of its value against the US dollar.

Financial Planning: Is ₹5 crore enough for retirement? Here's your answer

Instead of targeting a standard retirement corpus, you must assess how much money you would need in your post-retirement phase depending on your current lifestyle expenses and inflation rate.

Hurun Rich List 2022: India's richest promoters saw their wealth multiply faster than their retail shareholders

The unprecedented rise in Adani Group stocks made its founder, Gautam Adani, one of the richest man in India with a wealth of Rs. 10,94,400 crore. Adani's wealth more than doubled in the last year, adding ₹5,88,500 crore.

Bajaj Auto vs Hero MotoCorp: Which is a better two-wheeler stock for long-term buy? MintGenie asks 5 analysts

Bajaj Auto and Hero Moto are 2 major 2-wheeler firms that have been in competition for a long time. But which is a better auto stock? Let's find out.

DEEP DIVE

Get Smart with Money on Netflix: Afraid of investing like Teez Tabor? Follow these investing tips from Ross Mac

Get Smart with Money on Netflix: Investing in index funds and prioritising blue chips over other stocks is better and a sure-fire way to make gains.

Smart beta funds: Should you invest in them?

Over the long term, smart-beta strategies outperform the conventional market-cap weighted type of investing by reducing sensitivity to market volatility. Continue reading to know about smart beta funds in detail.

Lessons for Beginners

Petroleum consumption in India is improving

Petroleum consumption in India increased from about 206 metric tonnes (MT) in FY18 to 214 MT in FY20. Overall, government revenues (Centre + State) through sale of petroleum products have increased by 8.1% on a CAGR basis in the last five years.

Number of demat accounts surge; hit 100-million mark in August

Over 2.2 crore new accounts, the highest in four months, were opened last month, taking the cumulative figure to 10.5 crore.

Unicorns: Across the globe

The total number of unicorn companies worldwide is 1,189 and the total cumulative valuation is $3,859 billion.

Value of promoter holding declines in June quarter

1.5% of promoter holdings was pledged at the end of the June quarter compared with 1.7% in the March quarter

Infographics

How to make quick payments with contactless cards? All you need to know

credit card

Using RFID technology, a contactless card enables you to wave or hover the card over a card terminal to complete a transaction. When it comes to making an in-store purchase, using these cards is one of the most common payment options. Continue reading to know about it in detail.

6 things to take care of before closing a credit card: A step by step guide

There are situations when canceling your credit card might be advantageous. We discuss few points you might need to take care of a few things before you opt to cancel or close a credit card.

How to achieve your ambitious financial goals across tenors with ease?

Short term financial goals can be achieved by investing in target maturity funds, medium term goals via a balance portfolio, and long-term goals by investing primarily in equity. Read further to know more on this

3 reasons why your paycheck shrinks after salary hike and how to stop it

A common philosophy amongst majority salaried people is that they simply divide the CTC by 12 and expect that figure to reflect in their bank account at the end of the month. However, it is not that straight forward. Let us explain a few reasons for why your paycheck may shrink even after you may receive a salary hike.

How To

Account aggregator framework: How will it ease digital data-sharing?

Launched in 2021, the AA framework can use the current digital infrastructure to make financial services like loans and credit facilities far more streamlined and available for everyone. Continue reading to know about its working and benefits in detail.

Personal Loans: Want to borrow to travel? Here’s all you need to know

Financial experts usually advice their clients to refrain from borrowing to fund their vacation. After all, the borrowed money comes at a cost. Read further to know more.

Your Investment Portfolio: What is the difference between absolute and relative return? MintGenie explains

Whatever an asset or portfolio earned during a specific time period is its absolute return. Conversely, relative return is the difference between absolute return and market performance. Continue reading to know about them in detail.

All You Need To Know

Financial Planning: What is minimum acceptable return (MAR)? Mint Genie explains

minimum acceptable return is the bare minimum compounded return at which your investments must grow to ensure that you manage to achieve your financial goals within the required time frame. Read further to know more.

Why should you invest in multi cap funds? An explainer

Investing in multi cap funds is a sure-fire way to diversify investments across market capitalisations i.e., small cap, mid cap and large caps. We explain more on this here

What is a bitcoin? MintGenie explains

Cryptocurrency has a lot of ‘bite’ nowadays. The oldest on the block is Bitcoin. Here’s all you need to know

Want to become a crorepati? The 15*15*15 rule in mutual funds is here to help

It is not as difficult to accumulate ₹1 crore as it seems. Let's understand how you can achieve this goal by the 15*15*15 rule.

Explain Like I am 5

Meme Of The Day: When Indian investors see SGX Nifty is down in trade on a Monday morning

<ul><li>Meme Of The Day: When Indian investors see SGX Nifty is down in trade on a Monday morning</li></ul>

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Recession on horizon? 4 ways to ensure financial security during these tough times

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Meme Of The Day

Meme Of The Day: When Indian investors see SGX Nifty is down in trade on a Monday morning