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Consumer staples suppliers see stable prices this festive season

Dealers and distributors are not stocking these commodities, which they generally do during the festive season, as the supply side is strong and they are lifting stock according to the requirement.

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Consumption loan portfolio expands 15pc to Rs 90 lakh cr in FY’24: Report

India’s consumption loan portfolio grew by 15.2% YoY to Rs 90.3 lakh crore as of March 2024, according to a CRIF High Mark report. The growth slowed from 17.4% in March 2023 due to deceleration in home loans. Personal loans…

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Women CFOs bat for workplace safety, inclusion in corporate budgets

Women finance heads have discussed with ETCFO the critical importance of mental security, robust safety infrastructure, and a transparent reporting culture.

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CFO movements in August 2024: HCL Tech, Apple, Mphasis, and more leadership transitions

August 2024 saw notable CFO transitions across major firms including HCL Technologies, Apple, Dr Lal PathLabs, Mphasis, Bata India, Lockton, Perfios, Shriram Properties, and Aditya Birla Sun Life AMC.

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SM Auto Stamping CFO Suresh Jagdale resigns

In a statement to the BSE, SM Auto Stamping confirmed Jagdale’s decision to leave, citing other assignments as the reason for his departure.

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Strengthening group audits – Who’s responsibility it is?

In light of ongoing debates surrounding group audits, Ashok Haldia, a seasoned finance expert and Chartered Accountant, examines the complexities of SA 600 versus ISA 600 in group audits, exploring contentious issues related to responsibility, access to working papers, and…

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News

  • 8th Pay Commission accelerates consultations on fitment factor and salary revision – top 5 updates

    8th Pay Commission gathers pace: The Commission is inviting stakeholder feedback before finalizing recommendations on the fitment factor, salaries and pension reforms expected to impact over 1.19 crore beneficiaries.

  • Bank holiday today: Are bank operations shut for Muharram on 26 June in Mumbai, Delhi, Chennai? Check RBI calendar here

    Bank holiday today: Banks are closed across cities in India today on account of Muharram. In addition to the common national and gazetted holidays, banks in India could have local holidays and festivals off, as required.

  • Should you invest in last year’s top mutual fund? Experts warn against this common mistake

    Experts caution against chasing performance after fund rankings, as returns are influenced by market conditions. Instead, investors should focus on long-term goals and avoid frequent switches, which can lead to missed opportunities and additional costs.

  • Micron shares surges after blockbuster earnings: Here's what is driving the rally and how Indians can invest

    Micron Technology surpassed Meta Platforms' market valuation and briefly exceeded Tesla's, following a strong forecast that boosted shares by 18.4%. With a market cap of $1.398 trillion, demand for AI-related hardware has led investors to favor Micron among trillion-dollar chipmakers.

  • Multi-cap vs flexi-cap funds: Why multi-cap funds are outperforming across 1, 3 and 5 years

    Multi-cap funds have outperformed flexi-cap funds across the 1-, 3-, and 5-year periods, reviving a long-standing debate over whether mandated diversification across market capitalisations is superior to manager-driven flexibility.

  • I asked ChatGPT which financial mistakes people in their 40s regret the most, and it gave me a lot to think

    Many professionals in their 40s discover that their biggest financial mistakes were not bad investments, but delayed decisions. By this stage, income is often at its peak, but competing obligations can make it easy to feel wealthy even as you fall behind on long-term goals.

  • Should you switch SIPs to last year’s top-performing fund? This study has the answer

    Investors who switch based on the previous year's performance may end up buying into a segment after much of its rally has already occurred. For long-term SIP investors, consistency and discipline may prove more effective than repeatedly chasing the latest market winner.

  • UTI Nifty 50 Index Fund vs ICICI Prudential Large Cap Fund: A quick comparison of passive and active investing styles

    UTI Nifty 50 Index Fund passively tracks the Nifty 50 Index, whereas the ICICI Prudential Large Cap Fund is actively managed with the objective of outperforming its benchmark through stock selection. 

  • Energy mutual funds: Meaning, top 5 funds, key factors, advantages and risks explained

    Energy funds are thematic equity schemes that invest primarily in companies in the energy sector. These funds invest in oil & gas exploration, refining, power generation and distribution, coal mining, renewable energy, energy equipment, and financing companies. 

  • I asked ChatGPT to plan a semi-luxury trip to Azerbaijan for 2 — It gave a modest ₹60K budget without flights

    For good weather plus softer luxury pricing, aim for April, May, September, or early October. 

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