Business

03

Feb

By The Press Editor

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Business

How Railways plans to enhance rail connectivity – India TV

Image Source : AP 200 new Vande Bharat Express in next 3 years. After the budget 2025 presentation, the Indian Railways (IR) has announced plans to manufacture 17,500 Non-AC General and Sleeper Coaches to enhance the rail connectivity across the country. The move from the Centre will help in accommodating the growing demand for affordable travel. The step from the Indian Railways will improve the travel experience for low-income passengers while addressing the increasing pressure on railway infrastructure. Last week, Railway Minister Ashwini Vaishnaw reiterated that Indian Railways would maintain a 2:3 ratio for non-AC coaches and 1:3 for AC…

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03

Feb

By The Press Editor

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Business

NFO: HDFC Mutual Fund’s new index fund

Image Source : PIXABAY The new fund offer (NFO) of the scheme opened for subscription on January 31, 2025. HDFC Mutual Fund has launched the HDFC Nifty100 Quality 30 Index Fund. This is an open-ended scheme that tracks the Nifty100 Quality 30 Total Returns Index (TRI). HDFC Nifty100 Quality 30 Index Fund: Subscription dates The new fund offer (NFO) of the scheme opened for subscription on January 31, 2025. According to information available on the official website, the subscription will close on February 14. HDFC Nifty100 Quality 30 Index Fund: Investment objective The investment objective of the HDFC Nifty100 Quality…

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03

Feb

By The Press Editor

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Business

Which is better option for investment in mutual funds – India TV

Image Source : PIXABAY Lumpsum investment lets you invest according to the market conditions. SIP vs lumpsum: Mutual funds are one of the most popular choices among investors these days. Systematic Investment Plans (SIPs) and lumpsum investments are two very popular options for investors. With several options available, people usually get confused when it comes to selecting the right one.    As the name suggests, a lumpsum amount is required in lumpsum investment. On the other hand, you invest a fixed amount every month in SIP. But which method is better for you when it comes to getting a good…

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03

Feb

By The Press Editor

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Business

PSU dividend stocks: From GAIL to ONGC, these shares to trade ex-date this week

Image Source : INDIA TV/FREEPIK PSU dividend stocks PSU dividend stocks: Several PSU stocks will trade ex-date for dividends this week. According to information available on the BSE, companies like ONGC, GAIL and Power Grid are among the stocks that will ex-dividend.  Those who want to be eligible for these dividends must own the stocks before the record date. Those buying the stocks after this date will not be eligible for this corporate action. PSU dividend stocks: Let's check the dividend amount and record dates of these stocks  ONGC dividend 2025: The company has announced an interim dividend of Rs…

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03

Feb

By The Press Editor

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Business

Rate cut expected, when and where to watch RBI Governor Sanjay Malhotra live – India TV

Image Source : PTI The meeting of the RBI's Monetary Policy Committee is already underway. RBI MPC meeting 2025: After big relief to the salaried middle class, all eyes are on the outcome of the forthcoming RBI Monetary Policy Committee (MPC) meeting. The all-new Monetary Policy Committee under RBI Governor Sanjay Malhotra has started deliberation and the key announcements will be made on February 7. It is expected that the Central Bank will cut the repo rate by 25bps to 6.25 per cent.  RBI Monetary Policy 2025: Date and time The meeting of the RBI's Monetary Policy Committee is already…

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03

Feb

By The Press Editor

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Business

Follow these steps to maximise your returns – India TV

Image Source : PIXABAY Choose the locking period of your FD wisely. Fixed deposits or FDs are generally used to invest a lump sum amount as it keeps the money safe while giving a fixed return every month on it. But there are certain things that investors must keep in mind in order to get the best return. Here are a few points that investors must do before doing any FD -  1. Compare interest rates first: One must compare the interest rates of different banks before finalising the bank.  2. Locking period for fixed deposits: Choose the locking period…

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03

Feb

By The Press Editor

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Business

Income up to Rs 12 lakh is tax-free, but do you know the tax-exemption limit? Find out – India TV

Image Source : PIXABAY Some people are confused between the terms tax-free and tax-exemption. Tax-free vs tax exemption: In a major relief to middle-class salaried people, Finance Minister Nirmala Sitharaman hiked the tax rebate available to individual taxpayers. In her Budget speech, the finance minister said that individuals earning up to Rs 12 lakh will pay zero tax.  "One crore more people will pay no income tax due to hike in rebate to Rs 12 lakh," Sitharaman added. The Budget has revised the tax slabs for computing tax liability on income earned in 2025-26. Sitharaman announced that the tax rebate…

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03

Feb

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Business

Rupee hits record low, plunges 67 paise to 87.29 against US dollar in early trade – India TV

Image Source : PIXABAY On Friday, the rupee settled flat at 86.62 against the American currency. The rupee plunged 67 paise to hit a record low of 87.29 against the US dollar in early trade today i.e. on February 3, 2025. The sharp fall comes after Trump Tariffs on Canada, Mexico and China triggered fears of a broad trade war. US President Donald Trump has slapped Canada and Mexico with 25 per cent duties and China with a 10 per cent duty. While China is yet to respond, Canada and Mexico have vowed retaliatory tariffs. The rupee continued to face…

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03

Feb

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Business

‘Hits the perfect note’, here’s how industry leaders react to key announcements – India TV

Image Source : X Industry leaders' reaction to Budget 2025 Union Budget 2025 is welcomed with open arms by the ace industry leaders. From Uday Kotak to Anil Agarwal, all are hailing the government's approach towards Viksit Bharat. Finance Minister Nirmala Sitharaman tabled Union Budget 2025 on Saturday. Some of the key announcements included credit enhancement for MSMEs, and startups, establishment of deep tech funds, income tax relief, etc.  One of the biggest announcements in yesterday's Budget was income tax exemption for people earning up to Rs 12 lakh per annum. Industrialists reacted to this as well. Check how corporates…

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03

Feb

By The Press Editor

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Business

Here’s how much you will get on Rs 1 lakh investment in fixed deposits – India TV

Image Source : PTI SBI latest FD rates for senior citizens: Fixed deposits or FDs offer guaranteed returns. SBI latest FD rates for senior citizens: State Bank of India (SBI) is the largest banking and financial services organisation in India. The country's largest lender offers several fixed deposit schemes for senior citizens. The fixed deposit rates for senior citizens are usually higher than those offered to others. This makes FDs one of the most preferred investment options. Fixed deposits or FDs offer guaranteed returns and therefore investors know exactly how much they will get on the maturity. Here we are…

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