Financial Savings

Why is life insurance losing lustre as a savings scheme for India's youth?

As life insurance loses share in households' financial savings, insurers are rushing to create new products, mostly in health insurance, to stay engaged with a younger demographic

Quitting UPI apps helped me control my spending, says Sania Mirza's sister

Fashion entrepreneur Anam Mirza, sister of tennis star Sania Mirza, says deleting UPI apps like Google Pay helped her become more mindful of her spending

What are the best health insurance plans in the market for you?

The following plans and premiums are for young male, non-smoker males living in a city

HDB Financial Services gets Sebi approval for ₹12,500 crore IPO

HDB's IPO, the largest by an NBFC and fifth-largest overall, receives Sebi approval and is set to meet RBI's listing deadline for upper-layer NBFCs

Net financial savings likely to touch Rs 22 trn in FY25: SBI report

State Bank of India in its latest economic research report said that based on the current trends, net financial savings of the household sector may touch Rs 22 lakh crore, or 6.5 per cent of gross national disposable income (GNDI), in the financial year 2024-25. The net financial savings during 2023-24 stood at 5.1 per cent of GNDI, an increase from 4.9 per cent in the previous fiscal. The report said the growing capital pool is crucial for funding government and corporate deficits and supporting macroeconomic stability. Referring to the dynamics of RBI surplus, the report said that the central bank's efforts to contain the volatility of the rupee was a major factor in determining its quantum. During fiscal 2024-25, the balance sheet of RBI expanded by 8.19 per cent, which is less than the nominal GDP growth of 9.9 per cent. An amount of Rs 2.69 lakh crore surplus amount of RBI has been transferred to the government, which would enhance the fiscal space, the report said. Accordin

Agarwal Toughened Glass India Ltd. Delivers Stellar H2 FY25 Results - PAT Doubles & Growth Momentum Accelerates

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FPOs empower women in Chhatrapati Sambhajinagar, boost financial stability

Farmer Producer Organisations (FPOs) have transformed lives and provided financial stability to women in rural areas of Chhatrapati Sambhajinagar who once earned meagre wages as farm labourers. Women of Karmad, who until a few years ago received Rs 200-300 in daily wages after toiling away in farms, now earn up to Rs 2,000 per day working at drying and processing units under FPOs. Besides empowering women in the area, FPOs have also cut losses incurred by farmers when excess produce flooded the markets, forcing them to destroy some of it. Drying units for onions and corn have come up in the Karmad area, around 30 km from Chhatrapati Sambhajinagar city, in the last couple of years, and they are part of a supply chain for hotels and food processing companies. Talking to PTI, Padmaja Vedpathak, who works with three other women in her corn processing unit, said, "We work seven days a week and earn around Rs 2,000 a day by processing three tonnes of corn daily. I used to earn Rs 300 a d

Shift in product mix will continue in FY26: SBI Life Insurance MD & CEO

An ideal product mix depends on what are the strengths of the company and how they cater the needs of the customers, says Jhingran

The Growing Importance of Financial Literacy in 2025

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Statsguru: A shift from bank deposits to real estate and securities

It is high time to assess the preference of Indian households towards different investment streams as Trumponomics affects their valuation

90% of rural women entrepreneurs save, 56% opt for bank deposits: survey

Increasing financial autonomy, with 18% making independent financial decisions and 47% deciding jointly with their spouses

Risk appetite: How Indians are diversifying their savings portfolios

Expectedly, urban households display a greater inclination to adapt their investment choices to dynamic economic conditions

Govt, Mahayuti conspired for 'surrender' of Maharashtra's interests: Cong

The Congress on Monday claimed that the Tata-Airbus C-295 aircraft facility inaugurated in Vadodara was earlier supposed to be set up in Nagpur and alleged that under Prime Minister Narendra Modi's instructions, the Centre and the Mahayuti dispensation have conspired to ensure the "wholesale surrender" of Maharashtra's interests. Congress general secretary in-charge communications Jairam Ramesh said the people of Maharashtra will give a befitting reply to the PM and his colleagues for their betrayal of the state. The opposition party's attack came after Prime Minister Modi and his Spanish counterpart Pedro Sanchez inaugurated the Tata Advanced System Limited (TASL)-Airbus facility to manufacture C-295 military aircraft in India. The Tata-Airbus facility is the first private sector final assembly line for military aircraft in India. "Today, the non-biological PM is in Vadodara to launch the Tata-Airbus C-295 aircraft facility. This exact same project was supposed to be set up in ...

CFPB's open banking rules for consumer data unveiled by US watchdog

Republican chair of the US House Financial Services Committee Patrick McHenry welcomed the announcement, calling for Congress to codify the new rule's protections into law

From Zero to Hero: How to Grow Your Wealth to 10 Crore?

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Brigade Enterprises launches QIP issue to raise funds up to Rs 1,500 cr

Bengaluru-based Brigade Enterprises plans to raise up to Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its Qualified Institutional Placement (QIP) issue to raise funds. In a regulatory filing late on Monday, Brigade Enterprises informed that a committee of directors authorised the opening of the QIP Issue on Monday. The panel also approved the floor price for the QIP issue at Rs 1,164.70 per equity Share. The company's share price closed at Rs 1,239.80 apiece on the BSE. Its market capitalisation at Monday's closing price stood at more than Rs 28,000 crore. In March, Brigade Enterprises had taken approval from shareholders to raise funds through the issue of securities up to Rs 1,500 crore. Brigade Enterprises is one of the leading real estate developers in the country with a significant presence in South India. Last month, Brigade Enterprises reported more than two-fold jump i

Asia shares rebound, hoping for dovish Fed guidance for a Sept rate cut

The Bank of Japan also meets Wednesday and markets imply a 70% chance it will hike rates by 10 basis points to 0.2%, with some chance it could move by 15 basis points

Only 38% Indians debt-free, 40% lack emergency fund: What a survey reveals

About 40% of affluents and HNIs in India lack a sufficient emergency fund, and 27% haven't planned their taxes effectively

Company fixed deposit rates' terms, tenure collected in one table

Comprehensive insights into ratings and returns offered by various players over different horizons

Capitalmind to launch Rs 500 cr in maiden AIF, to invest in 20-40 stock

Investment manager Capitalmind Financial Services on Thursday said it aims to raise Rs 500 crore in its maiden alternate investment fund over the next year. The company has been in the portfolio management services space and currently, boasts Rs 2,200 crore assets under management, its founder and chief executive officer Deepak Shenoy said. The firm received the Sebi approval for a category 3 AIF which it christened as "Capitalmind Select India One" last year, he told reporters, adding that the minimum investment amount will be Rs 1 crore. The fund is designed for sophisticated investors seeking exposure to a diversified, quantitatively managed equity portfolio with active risk management, he said, adding that it will invest in 20-40 stocks. It combines multiple factors such as momentum, low volatility and quality into a single pooled vehicle, offering investors an opportunity for long-term wealth appreciation, a statement said.