Budget 2020

How much should I invest for 15 years to get a monthly income of Rs 50,000 after retirement?

I am 40 and plan to retire by 55. I have two children (12 and 8). I want a monthly income of Rs 50,000 in my retirement and also need Rs 1 crore for my children’s education. What kind of investments should I make?Jayant R. Pai CFP and Head – Products, PPFAS Mutual Fund replies: […]

Budget 2020

Gold rises by Rs 324, silver jumps Rs 2,124

New Delhi: Gold prices rose by Rs 324 to Rs 50,824 per 10 gram in the national capital on Friday, halting its four-day decline on recovery in international price of the precious metal, according to HDFC Securities. The precious metal closed at Rs 50,500 per 10 gram in the previous trade. Silver prices also bounced […]

News Headlines

A look at new Supreme Court Judge Amy Coney Barrett’s notable opinions, votes

Judge Amy Coney Barrett, President Donald Trump‘s nominee for the Supreme Court, has been on the 7th U.S. Circuit Court of Appeals since 2017. Her short tenure as a judge has led to few noteworthy or controversial opinions. She has, however, signed onto several decisions that are sure to be questioned in a possible confirmation […]

News Headlines

Farmers playing major role in building Aatmanirbhar Bharat: PM Modi in Mann ki Baat

Amid protests by a section of farmers against farm reform bills, Prime Minister Narendra Modi said on Sunday that a large number of peasants have benefitted since fruits and vegetables were brought out of the APMC Act in some states a few years ago and asserted that grain-producing farmers will now have the same freedom. […]

Budget 2020

‘NBFC-MFI disbursals plunge 96%’

Loan disbursements by non-banking financial companies-microfinance institutions (NBFC-MFIs) declined 96% to ₹570 crore in the first quarter of the current financial year, according to a report by Microfinance Institutions Network (MFIN). It had stood at ₹15,865 crore in the corresponding quarter of the previous year. The data pertains to NBFC-MFI members of MFIN, an industry […]

Budget 2020

Applying for IPOs? 7 things you must do to ensure your money is safe

The primary market has been buzzing with the stellar response to two latest initial public offerings – that of new-age IT firms Happiest Minds and Route Mobile. Three more from Chemcon Speciality Chemicals, CAMS and Angel Broking are hitting the market this week to raise an aggregate Rs 3,100 crore. There are hopes that a […]

Budget 2020

Mukand Ltd to cut debt by Rs 1,200 crore post divestment in joint venture MSSSL

Mumbai: Specialty steel manufacturer, Mukand Ltd’s debt levels will be coming down by more than Rs 1,200 crore as the divestment of up to 51 per cent equity stake held in Mukand Sumi Special Steel (MSSL) to promoter group entities will be completed by next year. “This divestment will be completed in tranches over the […]

Budget 2020

‘PSBs pip private banks in retail credit inquiries’

State-run lenders are seeing faster pick up in retail credit inquiries than their private counterparts on quicker reopening of branch network, a report by a credit information company (CIC) said. Despite inroads made by digital alternatives, through which lenders are receiving inquiries and even disbursing loans online, branch offices continue to play an important role, […]