The National Highways Authority of India (NHAI) has received regulatory approval from the Securities and Exchange Board of India (Sebi) to register Raajmarg Infra Investment Trust (RIIT) as a Public Infrastructure Investment Trust (InvIT), paving the way for wider public participation in national highway assets. In a statement issued on Wednesday, NHAI said the Public…
US stocks were largely steady on Wednesday, hovering close to record levels as investors navigated a holiday-shortened session ahead of the Christmas break.In early trade, the S&P 500 was flat, a day after closing at its latest all-time high. The Dow Jones Industrial Average edged up 51 points, or 0.1%, while the Nasdaq composite slipped…
US unemployment benefit claims fell again last week, underscoring a labour market that remains broadly stable even as hiring momentum shows signs of cooling, according to data released by the Labor Department.Applications for jobless aid dropped by 10,000 to 214,000 for the week ended December 20, down from a revised 224,000 a week earlier, AP…
Silver prices surged to fresh record highs in domestic and overseas markets on Wednesday, driven by a weaker US dollar, expectations of easier monetary policy and rising geopolitical tensions.In the national capital, silver jumped by Rs 9,750 to hit an all-time high of Rs 2,27,000 per kilogram, according to the All India Sarafa Association. The…
Gold prices surged to fresh record levels in both domestic and international markets on Wednesday, driven by expectations of further monetary easing by the US Federal Reserve and heightened geopolitical tensions that boosted safe-haven demand.In domestic futures trade, gold prices climbed to a lifetime high of Rs 1,38,676 per 10 grams on the Multi Commodity…
Identified taxpayers are being sent SMS and email under the government’s NUDGE campaign. (AI image) ITR filing FY 2024-25 (AY 2025-26): The Income Tax Department is stepping up scrutiny for tax returns and many taxpayers are getting alerts to check their exemption and deduction claims. The last date to file income tax returns for FY…
ICAI proposes that married couples be given the option to file a single, joint return. (AI image) Pre-budget suggestions are pouring in, in the North Block. As the government gears up to present the 2026 budget, one proposal stands out for its potential impact on millions of households: optional joint taxation for married couples. It…
Every solid portfolio begins with one core equity fund that can quietly do the heavy lifting for years. (AI image) You don’t need 15 funds; 4–6 well-chosen ones are enough for most investors.The most common portfolio problem I see these days is not “too little choice”. It’s a fridge stuffed with leftovers.Open a typical investor’s…
Representative image (AI) LIC Housing Finance has announced a reduction in its home loan interest rates, providing fresh relief to homebuyers. The lender has lowered the starting rate on new home loans to 7.15%.The revised rates are linked to the borrower’s CIBIL score, with customers having a score of 825 or above eligible for the…
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola India, is set to lay off around 300 staffers as part of a plan to improve profitability and streamline operations.The company has approximately 5,000 employees and 15 manufacturing units, bottles and distributes brands such as Coca-Cola, Thums Up, Sprite, Minute Maid juices and Kinley water.A company…