SCSS accounts help earn interest payments on a quarterly basis. (AI image) Senior Citizens Savings Scheme or SCSS is a popular Post Office investment and savings scheme for senior citizens and retired individuals. The government-backed scheme is seen as a guaranteed cushion for regular interest income flow, especially for individuals who are looking for high…
Indian economy (AI image) India’s economy will grow at a robust 7.4% in the financial year 2025-26, according to the first advanced estimates of Gross Domestic Product released by the National Statistics Office (NSO). This is much higher than the 6.5% growth in the previous financial year. Nominal GDP is expected to rise by 8.0%…
Gold prices slipped on Wednesday as investors booked profits after strong gains in recent sessions, while focus shifted to upcoming US economic data. On the domestic front, February gold futures on the Multi Commodity Exchange (MCX) declined by Rs 633, or 0.46%, to Rs 1,38,450 per 10 grams, reflecting mild profit-booking.In the international market, Comex…
Finance Minister Nirmala Sitharaman is likely to present the Union Budget 2026 on February 1, which falls on Sunday, marking a significant milestone as she delivers her ninth consecutive Budget. This will be the second full Budget of the Modi 3.0 government, following the first full Budget presented in 2025.Notably, Budget used to presented on…
File photo (Picture credit: ANI) NEW DELHI: Experience-led tourism is gaining momentum among India’s Gen Z, as a survey done by travel portal Airbnb reveals that over 62 per cent of the country’s Gen Z plans to travel for concerts and music festivals in 2026. According to an Airbnb press release, music is now a…
E-commerce platform Meesho’s shares dropped by 5 per cent to Rs 173.20 on Wednesday on the BSE after a one-month lock-in period ended. This made 110 million shares, representing 2 per cent of the company’s equity, available for trading. Despite this dip, major brokerages remain positive about Meesho’s future growth potential.The stock, which is still…
Silver imports surged sharply in 2025, pointing to its growing strategic importance, amid rising industrial demand, supply constraints and geopolitical tensions, according to a report by Global Trade Research Initiative (GTRI).India was the world’s largest importer of refined silver. It is estimated to have imported silver worth $9.2 billion last year, a 44 per cent…
Indian equity benchmarks, Nifty50 and BSE Sensex, continued their losing streak on Wednesday, as investors turned cautious amid escalating geopolitical tensions and renewed worries over possible tariff increases by the United States.The decline was compounded by continued selling from foreign investors. At 12:21 PM, Nifty50 was trading at 26,101.25, down 77 points or 0.30%. BSE…
An FD gives you a fixed interest rate, a promise from the bank that you’ll get your money plus that interest back at maturity. (AI image) Over the long run, mutual funds usually outpace FDs—but only if you use each for the right goal, time frame and temperament.You talk about mutual funds and there’s always…
MUMBAI: The Reserve Bank of India (RBI) has invited public comments on the draft “Reserve Bank of India (Prudential Norms on Dividend and Remittance of Profit) Directions, 2026”, proposing a revised framework for declaration of dividends and remittance of profits by banks.The central bank said it had undertaken a review of the existing guidelines on…
