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Invesco plans to exit MF business in India

Source:The Economic Times Mumbai: US asset manager Invesco, which oversees investments of about Rs 86,000 crore in India, has signed an option deal to sell its remaining 40% stake in the local mutual fund business to Hinduja Group-owned IndusInd International…

Scam Alert! THESE are the 10 ways scamsters can drain your bank account
Cybercrime tricks: Amid increasing cybercrimes, the State Bank of India has highlighted scams like false customs claims and digital arrests. Customers are urged to report suspicious calls and verify any unexpected financial requests to protect themselves.
Beware credit card card holders! There is bad news for you in this Supreme Court ruling
In a significant ruling, the Supreme Court has removed the 30% cap on credit card interest rates, enabling banks to impose higher charges. Experts warn that this could lead to a financial burden on consumers
Can I claim any rebate for interest received for multiple years in current year?
Section 89 allows relief for salaries over twelve months, but not for interest income. Taxpayers must include the entire interest amount in the current year's income and pay applicable taxes. Consistency in the chosen method of income reporting is essential
Best Bank FD rates: Earn nearly 9% interest on fixed deposits – Check revised rates from RBL, Equitas, Federal Bank, and
In December 2024, banks like RBL Bank and Equitas revised fixed deposit rates, offering returns up to 9%. General citizens can earn between 3.5% and 8%, while senior citizens can receive rates up to 8.5% depending on the bank and tenure.
Personal Loan: Is moratorium a boon or a bane? Find out how it affects your EMI and interest payments
A personal loan moratorium is a temporary period during which borrowers don't have to make any payments. But is it a relief or a trap for them? Find out here
Why this real estate broker stays on rent
Mahesh Ahuja, a seasoned real estate broker with years of experience in the industry, believes residential properties may not always be the best investment choice for NRIs.
Mufasa: The Lion King—Key money lessons to help you rebalance your portfolio
Mufasa The Lion King: In Disney's latest film, lessons from Mufasa and Taka's adventures reflect on investment strategies and the complexities of friendships. It suggests maintaining successful methods and being cautious with personal relationships in investments.
Best Year-End Picks: These value mutual funds gave over 25% return in the past year. Do you own any?
Best mutual funds: Value schemes refer to the funds which invest in value investment strategy with at least 65 percent in stocks.
A few lesser-known hacks to save nearly 60% on your next holiday travel
Christmas 2024: Year-end holidays are ideal for exploring new destinations. Travellers should plan a budget to avoid overspending. Selecting affordable locations like Mexico City or Budapest can provide rich experiences without financial strain, while off-peak travel can further reduce costs.
Can you avoid 30% capital gains tax on sale of cryptos? Here's all about the new Income Tax Appellate Tribunal order
Cryptocurrency: By treating as capital gains which were taxed at 20 percent then, investors stand to save 10 percent. In this case, ITAT was hearing involved a person who bought cryptocurrencies worth ₹5.05 lakh in 2015-16 and sold them in 2020-21 for ₹6.69 crore, making a significant profit.