After rallying to $230 per tonne in May, international iron ore price has corrected significantly. However, after reaching a 52 week low of $103— down 55% from peak, iron ore prices have started bottoming out and now trading around $122. The recent underperformance of NMDC, India’s largest merchant iron ore miner, is mostly because of this factor. NMDC has crashed 25% during the last five months compared to 9% gain in Sensex and 25% gain in ET Read more: EconomicTimes
Author: Miley Selena
Of late, AMCs have been filing a flurry of NFOs for index-based funds in the thematic space. Nippon India S&P EV Index Fund, Tata MSCI Domestic Digital Opportunities Index Fund, Mirae Asset Electric Autonomous Vehicle ETF Fund of Fund, Tata New Age Digital ETF and Mirae Asset Nifty India Manufacturing ETF, are among recent filings. Clearly, AMCs are looking to innovate in the passive space through exotic offerings. But should you bite? For many Read more: EconomicTimes
Despite the second wave-induced disturbances, India Inc was able to report a solid set of numbers for the first quarter of 2021-22. Now that the covid situation has improved significantly and economic activity has picked up in the second quarter, market participants are looking forward to this results season with a lot of hope. “Economic growth is back on track and the same should get reflected in quarterly numbers now,” says G. Pradeep Kumar, Read more: EconomicTimes
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Company Name: Times Internet LimitedRegistered Office Address: 9-10,Bahardurshah Zafar Marg, New Delhi – 110002Corporate Identity Number: U74999DL1999PLC135531Customer Support Team: care@etprime.comGrievance Officer: Deepak AjwaniEmail: grievance.et@timesinternet.in Read more: EconomicTimes
Each week, our experts answer readers’ queries related to the division of assets, will, succession and more. Here are this week’s estate planning dilemmas from our readers. My father has self-acquired as well as ancestral property. He’s alive and is writing a will in which he is naming only my brother as a beneficiary, not me. Can he will both the self-acquired and ancestral properties to my brother? — Ritu Sarin Your father can only give the self-acquired property to anyone he wants in his will, not the ancestral property. Both you and your brother have an equal right over…
Every year between November 1 and November 30, government pensioners are required to submit their annual life certificates to continue receiving pension. However, pensioners aged 80 years or above can submit the life certificate October 1 onwards. Thus, these pensioners get two months to submit their annual life certificate. The last date of submitting the annual life certificate is November 30. The Department of Pension and Pensioners’ Welfare issued an office memorandum on September 20, 2021, regarding various ways a pensioner can submit the annual life certificate, commonly known as Jeevan Pramaan Patra. A pensioner can submit the life certificate…
Joining the long list of banks announcing their festive season offers is private sector lender, ICICI Bank. According to a press release issued by today, as part of its ‘Festive Bonanza’, from October 1, customers can avail of rep rate linked home loans at an interest rate of 6.7% and processing fee starting from Rs 1,100. Those looking take a personal loan can get a loan starting from 10.25%. Here is a look at what ICICI Bank is offering as part of its Festive Bonanza on different types of loans: Home Loans: Customers can avail of interest rate (repo rate…
From October 1, many government pensioners will have to start submitting their annual life certificates. Until now, these pensioners had to visit the bank or post office to submit their life certificate, i.e., the Jeevan Pramaan Patra but now they can do so from home. A pensioner can avail the doorstep services provided by several public sector banks and the country’s postal service to submit their Jeevan Pramaan Patra. According to a circular issued by the Department of Pension and Pensioners’ Welfare on September 20, 2021, pensioners can submit the life certificate by using the Doorstep Banking Alliance of 12…
To not face the ire of fixed income investors, for the sixth quarter in a row, the government has kept the interest rates of small savings schemes unchanged. What this means is that for the quarter ending December 31, 2021, investors in small savings schemes like the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) will continue to earn the same interest rate as they were earning during the quarter ending September 30, 2021. New investments made during the October-December 2021 quarter into these schemes will also earn the same interest rates as in the previous quarter. This was…