Business & Finance

  • money 52 min 16 sec ago
    • Standard gold prices dropped by Rs 205 to end at Rs 28,800 per 10 gram from Tuesday’s level of Rs 29,005.
    • Photo: AP Mumbai: Gold extended its losses for the third straight session and fell to a twoweek low at the bullion market on Wednesday amid subdued local buying interest.
    • Standard gold (99.5 purity) dropped by Rs 205 to end at Rs 28,800 per 10 gram from Tuesday’s level of Rs 29,005.
    • Pure gold (99.9 purity) also dipped by a similar margin to finish at Rs 28,950 per 10 grams against Rs 29,155 previously.
    • Silver (.999 fineness) also slumped by Rs 555 per kg to close at Rs 40,980 as compared to Rs 41,535 earlier.
  • money 58 min 43 sec ago
    • The 6.79% government bonds maturing in 2029 dipped to Rs 97.56 from Rs 97.85, while yield rose to 7.08% from 7.05%.
    • The 6.79% government security maturing in 2029 dipped to Rs 97.56 from Rs 97.85, while its yield rose to 7.08% from 7.05%.
    • The 7.61% government security maturing in 2030 eased to Rs 103.14 from Rs 103.5850, while its yield edged up to 7.23% from 7.18%.
    • The 7.59% government security maturing in 2026, the 7.35% government security maturing in 2024 and the 7.72% government security maturing in 2025 were also quoted lower to Rs 103.5350, Rs 101.10 and Rs 103.18 respectively.
    • The overnight call money rates ended stable at its previous level of 6.05% after trading in a range of 6.25% and 6.00%.
  • money 1 hour 29 min ago
    • Sebi allows investors to use ewallets to buy mutual funds.
    • Photo: Aniruddha Chowdhury/Mint The board of capital markets regulator, the Securities and Exchange Board of India, met under new chairman Ajay Tyagi for the first time.
    • Here’s a list of the key decisions the board took to introduce new products and deepen Indian markets. 1) Investors can instantly redeem liquid mutual funds up to Rs 50,000 a day.
    • Sebi also allows investors to use ewallets to buy mutual funds up to Rs 50,000 per financial year.
    • This move could potentially increase inflows into India’s Rs18 trillion mutual funds market. 2) Green signal for options contracts in commodity derivatives.
  • money 1 hour 56 min ago
    • Nucleus Software had posted a net profit of Rs14.12 crore in the yearago period, it said in a BSE filing.
    • New Delhi: Shares of IT firm Nucleus Software on Wednesday surged 10% after the company reported over 57% rise in consolidated net profit for the fourth quarter ended 31 March.
    • The company’s market valuation rose by Rs 88.78 crore to Rs 1,007.78 crore.
    • Nucleus Software yesterday reported over 57% rise in consolidated net profit at Rs 22.26 crore for the fourth quarter ended 31 March.
    • For the entire 201617 fiscal, Nucleus’ consolidated net profit almost doubled to Rs 62.69 crore, while consolidated total income rose 6.7% to Rs372.39 crore.
  • money 2 hours 17 min ago
    • Here’s a list of schemes that made it to Mint50.
    • Net asset value (NAV) figure tells you the price per unit of each fund.
    • Value Research rating gives an indication of the riskadjusted return.
    • The expense ratio tells you how much of your money you lose to charges each year.
  • money 2 hours 17 min ago
    • Here is the consumer price index inflation data for March, and its impact on food and beverages, clothing and footwear, and housing and fuel
  • money 2 hours 18 min ago
    • The first series of sovereign gold bonds for financial year 201718 are available for subscription till 28 April this year.
    • Sovereign gold bonds are government securities issued in the units of grams.
    • For this tranche, the sovereign gold bond is priced at Rs2,901 per gram of gold.
    • The minimum investment requirement is 1 gram and you can invest up to a maximum of 500 gram per financial year.
    • But with sovereign gold bonds there is a limit of up to 500 gram per investor in one financial year.
  • money 2 hours 18 min ago
    • The deadline for establishing a real estate regulator is almost over.
    • After the enactment of these sections, the projects and real estate agents will have 3 months to register themselves with the regulatory authorities, that is, before 31 July.
    • The real estate agent will be provided with a registration number by the regulator, which they have to mention in each sale they make.
    • Once a regulator is in place, and agents get registered, it would become difficult for the agents to mislead the homebuyers.
    • For instance, real estate agents will have to pay a fine of Rs10,000 for violating any provisions of the Act, for each day the violation continues; or face imprisonment of up to 1 year.
  • money 2 hours 18 min ago
    • I have about 20% of my mutual fund portfolio in one midcap fund .
    • I invest in one of the largecap funds through SIP; others as lump sum.
    • So, yes, it would be a good idea to go with adding a midcap fund.
    • I am 28 and want to invest Rs2,000 in Birla Sun Life Midcap Mutual Fund for 5 years.
    • For someone who is just starting off with investing in mutual funds, you’ve assembled a decent set of funds for consideration.
  • money 2 hours 19 min ago
    • The retirement goal lends itself to multiple misconceptions and errors.
    • Or, you focus on the urgent and immediate needs and leave the important retirement goal to drift along till it is too late to undo the damage done by procrastination and lack of direction.
    • To mitigate this risk, pay attention to the major factors that can impact your retirement corpus.
    • Employersponsored retirement plans bring forced discipline to saving for retirement by deducting the contributions before the salary is paid to the employee.
    • The long investment horizon for a retirement goal means you don’t have to stick with low returns.