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Individuals earning over Rs 10 cr rise by 63% in India; financial assets of high net worth individuals to nearly double by 2028
A recent report shows a significant increase in wealthy Indians, with those earning over Rs 10 cror…
In the long run, rate cut by Fed will be favourable for most US banks: Moody's
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs …
ANI
Wipro Q1FY25 results: Net income jumps 4.6% YoY to Rs 30 billion, operating margin at 16.5%
At 34% of the total quarterly revenue, banking, financial services & insurance was the company's bi…
Assets under management of retirement mutual funds jumps 256% in 5 years
ICRA said the growing awareness has led to a surge in the number of folios, which has increased by …
IEX Q4 net profit grows 9.5% to ₹97 crore
The company's total income rose to Rs 149.28 crore, from Rs 129.58 crore in January-March FY23.…
PTI
External borrowings to meet capital needs putting pressure on bank's net interest margins, says a report by SBI Securities
The banks in the country are facing challenges due to a slowdown in deposit growth, according to a …
ANI
Nonprofit workers fill holes in the social safety net, but millions are financially insecure themselves
A new report from United for ALICE found that nearly a quarter of nonprofit employees are living ju…
Juliana Kaplan,Allie Kelly,Noah Sheidlower
SBI Life Q4 profit rises 4% to ₹811 crore
Net premium income in Q4FY24 stood at Rs 25,116 crore as against Rs 19,897 crore in the year-…
PTI
Universal basic income: Should the government give ‘unconditional money’ or ‘freebies’ to the poor?
This is where results of the experiment conducted by Sam Altman’s OpenResearch could help shed some…
Decline in bank deposits because of non-uniform tax treatment on various investment options: SBI report
On the concern over the recent decline in bank deposits, the State Bank of India (SBI) in its lates…
ANI
A guaranteed basic income program helped a millennial afford a crib for her newborn when her income dipped during maternity leave
Tatiana Lopez, 39, is a new mom. She's receiving a $500 monthly guaranteed basic income through Fli…
Allie Kelly
Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000
More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…
Hindustan Copper Q1 net profit rises two-fold to ₹113.40 crore
The consolidated income of the company during the April-June period rose to Rs 500.44 crore ove…
PTI
A Gen Xer shares the saving strategy that grew his net worth from $50,000 to $1 million in 15 years
A Gen Xer said saving 50% of his income helped him reach a net worth of over $1 million. He shared …
Jacob Zinkula
Illinois is launching a basic income pilot for 400 families in the child welfare system in the hopes of reducing maltreatment
Illinois' guaranteed basic income program will give no-strings-attached cash to families in the chi…
Allie Kelly
Basic income lets some parents afford toys and new shoes for their kids. One mother said it was 'life-changing.'
After paying the bills and finding housing, some parents spend basic income on clothes, toys, and a…
Allie Kelly
Wondering which ITR form is right for you? Know all about it here
It's time to file your ITRs! While the deadline is 31st July, it's best to not put off filing your …
More and more Gen Zers are struggling to stay in work or school. With $350 monthly, a New Orleans guaranteed income program hoped to change that.
New Orleans gave 125 young people $350 a month, no strings attached. Participants used the money to…
Allie Kelly
Raising massive financial resources for net-zero goal unprecedented challenge: Economic Survey
Reaching net zero means achieving a balance between greenhouse gas emissions and the amount of thes…
PTI
As India’s income inequality worsens beyond British-era levels, majority want to tax the rich, study reveals
A study by the World Inequality Lab has shown that Indian billionaires already own a disproportiona…