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HDFC Bank Q3 results: Profit rises 14.36% to Rs 8,760 crore
Mumbai: The country’s largest private sector lender HDFC Bank on January 16 reported a 14.36% jump in consolidated net profit to Rs 8,760 crore for the December quarter. At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore. Its total income increased to Rs 37,522 crore […]
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All you need to about key differentiators between term and endowment insurance plans
Insurance is an important instrument for protection against unprecedented events. There are broadly two types of insurance plans offered by most insurance companies – term insurance and endowment insurance. Both plans provide financial protection to dependents in case of death of policyholder and various tax exemptions. However, it is important to dig into their individual […]
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WhatsApp delays policy update rollout to May 15
New Delhi: WhatsApp has decided to delay the rollout of its new policy update to May 15 after massive criticism from users globally, including India, over concerns that data was being shared with its parent company Facebook. The move assumes significance for users in India given that the country is among the biggest markets for […]
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A look at how inflation affects savings
Picture this – you are 15 and go to the ice cream store to buy your favorite orange ice candy. You know 10 ice-cream sticks can be bought for Rs 100 and take exactly that much with you. Fast forward 20 years – you decide to take your child to the same store to buy […]
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Here’s all you need to know about comparative shopping
Shopping activities have witnessed a massive transformation after the advent of online marketplaces like Flipkart and Amazon. Comparative shopping, which refers to a practice through which consumers can compare the available products in a market and choose one that matches their wants and has an affordable price, has also gained more popularity due to the rise of people […]
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Here are five things you need to know on how to build an emergency fund
In 2020, due to the impact of the coronavirus pandemic, we realised the importance of sound financial planning. For starters, having a well planned emergency fund is vital to sound financial planning. An emergency fund is like an insulation against unprecedented events such as unemployment, pay cuts, accidents or unsought medical expenses. The first step […]
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ETFs or index funds? A lowdown on what’s best for you
Exchange-Traded Funds, popularly known as ETFs, have always caught the fancy of investors, especially youngsters. But index funds are also equally appealing to them. This piece aims to give clarity to those who are caught in a bind. But first, we take a look at how they operate. Funds that track a market index like […]
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Here’s why investments in mutual funds are appealing
Mutual Funds Sahi Hai – This catchline is constantly showcased across many media platforms but there are still many who have not been able to make optimum use of this investment vehicle. Investments in mutual funds have seen a steady rise in the later half of the past decade due to the slew of awareness initiatives by the Association of Mutual Funds […]
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Government launches Pradhan Mantri Kaushal Vikas Yojana 3.0
New Delhi: The government on January 15 launched the third phase of its flagship skilling scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY 3.0) in a bid to empower the country’s youth with employable skills by making over 300 skill courses available to them. PMKVY 3.0 envisages training 8 lakh candidates over the scheme period of […]
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Maruti Suzuki rolls out online finance platform in Arena dealerships across 30 cities
New Delhi: Maruti Suzuki India (MSI) on January 15 said it has launched an online financing platform at its Arena dealerships in over 30 cities. With the launch of Smart Finance platform, 24 out of 26 steps in the customer vehicle purchase journey have been digitised, the auto major said in a statement. The digital […]
