The price of luxury and lifestyle For Prateek and Neha, a luxury car like their Mercedes Benz A-class, costing 43,000 euros, is a feasible purchase in Luxembourg, a far cry from the hefty ₹55 lakh price tag for a similar model in Bengaluru. “I wouldn’t easily buy a luxury car in India priced over ₹50 … Read more
Pharma stocks maintained their bullish momentum for the third consecutive month in August, with the Nifty Pharma index posting a gain of 6.61%. This follows strong performances in July, where the index rose by 10.37%, and in June, with a 5% increase. Out of the 20 constituents of the index, 16 ended the August in … Read more
Securing our family’s future is topmost priority for most of us. Alongside taking insurance policies and making investments, there is a crucial step in this—estate and succession planning to ensure our family inherits our assets without delays, hardship, or confusion. Yet, this aspect is often neglected due to the anxiety and discomfort arising from contemplating … Read more
OpenAI plans to release two highly-anticipated models. Orion, potentially the new GPT-5 model, is expected to be an advanced large language model (LLM), while Strawberry aims to enhance AI reasoning and problem-solving, particularly in mastering math. Why are these projects important? Project Strawberry (earlier dubbed Q*, or Q-Star) is reportedly a secret OpenAI initiative to … Read more
Bajaj Housing Finance Limited’s initial public offering (IPO) will open for subscription on September 9, 2024. The non-banking financial company (NBFC) seeks to raise ₹6,560 crore from the public issue. Bajaj Housing Finance Ltd. falls under the Reserve Bank of India’s (RBI)“Upper-layer” NBFC. To comply with RBI’s norms, NBFC’s in this layer have to be … Read more
Salary is taxable on a ‘due’ or ‘receipt’ basis, whichever is earlier. As you have retired in February 2024, the leave encashment became due to you in February 2024 itself. While section 10(10AA) of the Income Tax Act, 1961, provides an exemption for ‘payment’ towards leave encashment received, one would need to read the exemption … Read more
On Wall Street in the week ahead, investors will have a plenty of economic data to look forward to, with the spotlight on the jobs market data and the manufacturing PMI report. As this month the US Federal Reserve’s monetary policy meeting is slated to be held, the non-farm payrolls data for August can provide … Read more
About 4.2 million of WazirX’s 16 million users were struck by a massive hack of the cryptocurrency exchange on 18 July that wiped off 40-50% of their crypto balances. Most of those affected users were Indians. But in the month and half since the $230-million hack there has not been any legal or regulatory action … Read more
The bullion has experienced a decline every September since 2017, with an average drop of 3.2 per cent during this month—making it the worst-performing month of the year, significantly underperforming the monthly average gain of 1 per cent, according to reports. Gold’s recent gains have been fueled by expectations that the Federal Reserve will begin … Read more
As September 2024 unfolds, several key developments are poised to impact personal finances, with changes ranging from LPG cylinder costs to new credit card regulations. Staying updated on these shifts can help you manage your budget more effectively and steer clear of unexpected financial challenges. Here’s a look at the top five changes you should … Read more