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PNB is no longer chasing loan growth; Jefferies sees a better profitability story ahead

Jefferies said management is deliberately moving away from low-yielding corporate loans and IBPC, while reducing reliance on bulk deposits and certificates of deposit.

2026-08-11T02:15:08Z

Sovereign Gold Bond premature redemption date today: Check August 11, 2026, SGB redemption price, returns on Rs 1 investments

Sovereign Gold Bond: The Reserve Bank of India has revealed the redemption prices for select gold bond series, which can be redeemed prematurely after a five-year period from their issuance. The redemption amount is determined by taking a three-day average of gold prices.

2026-08-11T06:31:13Z

Multi Commodity Exchange of India shares gain over 2% in today's trade

Shares of Multi Commodity Exchange of India were trading higher on Tuesday, with the stock priced at Rs 2,823.50, marking a 2.33% increase from its previous close as of 10:20 am. Multi Commodity Exchange of India is among the Nifty Midcap 150 constituents. Financial PerformanceMulti Commodity Exchange of India has demonstrated a robust financial trajectory, particularly in its annual performance. The company's revenue has shown consistent growth...

2026-08-11T07:32:26Z

The new retirement strategy? Spending it all before you die

Forget leaving an inheritance for the children

2026-08-05T12:49:41Z

How GenZs can build wealth starting from first paycheck— Expert lists 5 steps on financial planning

Young people often struggle with how to allocate salary between SIPs and emergency funds. Expert advises prioritizing a strong financial foundation, making informed investment choices, and maintaining discipline for long-term wealth.

2026-08-06T07:47:11Z

RuPay credit cards for UPI-first users: What to know

By enabling RuPay cardholders to link their cards to popular UPI apps and make merchant payments exactly the same way, but through a credit card, formal credit and payments have been brought together seamlessly.

2026-08-10T06:46:17Z

Regular vs direct mutual funds: How much are you paying your distributor?

Choosing between regular and direct mutual fund plans can affect the cost of investing, as distribution commissions are built into the expense structure of regular plans. An analysis of AMFI data found that distributors received an estimated ₹27,335 crore in mutual fund commissions in FY2024-25, highlighting the importance of understanding how investment costs are paid.

2026-08-11T00:44:50Z

Global market: Singapore's OCBC, UOB Q2 profits rise as wealth business cushions impact of lower interest rates

Singapore's OCBC and UOB banks have exceeded expectations with their second-quarter earnings, showcasing resilience amid lending income challenges. OCBC achieved a record quarterly net profit, while UOB surpassed analyst forecasts. The first half saw substantial growth in wealth management income, prompting both banks to declare higher interim dividends for their shareholders based on these impressive results.

2026-08-07T08:18:43Z

Rs 35,000 loan to British Empire in 1917: MP family gets response from UK debt office after 109 years

A 109-year-old war loan certificate has opened a new chapter in a Madhya Pradesh family's attempt to find out whether money lent to the British government during World War I was ever repaid. Vivek Ruthia, a 63-year-old resident of Sehore, Madhya Pradesh, says his family has received a response from the UK's Debt Management Office (DMO) after approaching the British authority over a Rs 35,000 subscription made by his grandfather, Seth Jumma Lal...

2026-08-11T10:11:51Z

Milky Mist raises ₹465cr from anchor investors ahead of IPO

Chennai: Milky Mist Dairy Food, the Tamil Nadu-based dairy products company, has raised about Rs 465 crore from 19 anchor investors ahead of its initial public offering (IPO), which opens on August 11 and closes on August 13.Get breaking news anytime, anywhere. Download the TOI app now!The IPO Committee of the Board, which met on August 10, 2026, f...

2026-08-10T15:54:13Z

The tax rises that could be in October’s budget – and how to prepare

Experts believe the upcoming Budget could see another 'smorgasbord' of small tax changes

2026-08-11T10:49:39Z

Bitcoin rises 3.28% in a week, holds near $65,000 as ETF inflows strengthen

Bitcoin price surged near $65,350 in the early August 10 trade, but quickly trimmed some of those gains to trade at $64,925.18, though representing 0.29 percent up over the last 24 hours and 3.28 percent in a week. According to crypto analysts, Bitcoin is holding just below the $65,000 level at the start of the week, having weathered a turbulent seven days that included fallout from a hardware wallet security exploit and a contentious...

2026-08-10T04:17:34Z

Katie Piper: The one thing I’ve learned about money that every woman needs to know

A brutal attack changed Katie Piper's life – and the way she thinks about money

2026-08-05T11:49:38Z

Paytm shares zoom over 34% in three months; is more steam left?

Paytm reported a strong set of earnings for the June quarter. The fintech company's consolidated net profit rose 79 per cent year-on-year (YoY) to Rs 220 crore for the quarter ended June 30, 2026, compared with Rs 123 crore in the corresponding period last year.

2026-08-11T07:59:52Z

Small-cap stock jumps 4% after receipt of order worth ₹740 crore

Krystal Integrated Services share price opened at ₹611.85 apiece today, as compared to previous close of ₹602.55 on Monday. The small-cap stock touched an intraday high of ₹633.90 on 11 August.

2026-08-11T07:08:04Z

Who earned from your mutual fund investments? Rs 27,335 crore commission breakdown

Indian investors paid an estimated Rs 27,335 crore in mutual fund distribution commissions in FY2024-25. An analysis by 1 Finance Magazine of the commission disclosures published by the Association of Mutual Funds in India (AMFI) finds that 77.2 percent of that pool went to 3,158 distributors, or about 1.5 percent of a register of roughly 2.06 lakh. If you own a regular mutual fund, part of that pool came from your investment. No separate bill...

2026-08-11T07:32:30Z

AMFI July 2026 data out: Mutual fund AUM rises to Rs 85.76 lakh crore; net inflow strengthens to Rs 2.35 lakh crore

AMFI July 2026 data: Mutual fund AUM rises to Rs 85.76 lakh crore; equity inflows strengthen

2026-08-11T09:42:34Z

Fusion Finance Q1 profit at Rs 62 cr; aims for Rs 10,000 cr AUM by FY27-end

Mumbai, Aug 10 (PTI) Fusion Finance on Monday reported Rs 62 crore profit after tax in the first quarter of the financial year 2026-27, on the back of improvement in net interest margins (NIM) and better asset quality.In the year-ago period, the non-bank lender had reported a loss of Rs 92 crore. The company’s core net interest income increased by 6 per cent quarter-on-quarter to Rs 236 crore in the June quarter, driven by an expansion in the...

2026-08-10T16:56:48Z

Riot Platforms stock surges on Q2 results, 20-year data center deal

Riot Platforms Inc (NASDAQ:RIOT) reported second-quarter results after the closing bell on Monday. Here’s a rundown of the report. Riot Platforms shares are trending. Where is RIOT stock headed? Riot Platforms Q2 Key Metrics Riot reported second-quarter revenue of $174.20 million, beating analyst estimates of $152.06 million, according to Benzinga Pro. The company reported a second-quarter adjusted EBITDA loss of $69.73 million. Riot generated...

2026-08-10T21:46:26Z

We don't enter price wars: Capital SFB CEO on new RBI fixed deposit rules from October 1

RBI’s revised deposit rules, effective from October 1, are unlikely to force Capital Small Finance Bank into a rate war, as its deposit strategy is built around granular retail relationships rather than branch-specific FD pricing. The bank expects greater pricing transparency to make competition more disciplined across lenders.

2026-08-11T02:59:52Z

Currency check: Rupee opens 46 paise higher at 94.92/$ as crude oil prices ease

The Indian rupee opened higher against the US dollar on August 5, with easing crude oil prices helping the domestic currency to break past the 95 level. Indian rupee opened 46 paise higher at 94.92 per dollar on Wednesday versus previous close of 95.38. Going forward, the rupee will continue to take direction from crude oil prices, the US Dollar Index, FII flows, and global geopolitical developments, said Jateen Trivedi, VP Research Analyst -...

2026-08-05T03:40:22Z

Ankur Warikoo shares 5 money rules that helped him build wealth after age 40

Entrepreneur and bestselling author Ankur Warikoo has shared the five money rules he and his wife Ruchi follow as a family. From investing before spending to avoiding lifestyle inflation, his post explains how the couple built wealth after years of having very little and why experiences matter more than possessions.

2026-08-06T14:11:12Z

Gold rate today: Check 24K, 22K gold prices in Mumbai, Delhi, Chennai, Kolkata, Bengaluru on August 11

24K gold stood at Rs 1,53,340 per 10gm on Aug 11, while 22K gold was priced at Rs 1,40,562.

2026-08-11T03:00:07Z

US defends dollar as yen weakness threatens global currency order

The US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hints of global economic turbulence. Historical patterns illustrate a downturn in imperial economic dominance. For India, navigating the complexities of changing global alliances and economic dependencies poses significant challenges. However, embracing collaboration within BRICS+ may provide a strategy to...

2026-08-10T17:31:54Z

2026-08-11T08:24:37Z

R Madhavan compared beggar finding Rs 100 and businessman making Rs 20,000 crore, asked if money can buy happiness: 'Who sleeps happier that night?'

A past clip of R Madhavan discussing money, wealth and happiness during his podcast appearance with Ranveer Allahbadia has resurfaced and is now gaining attention online. In the conversation, the actor questioned whether having more money necessarily makes a person happier, using an example of a beggar finding Rs 100 and a businessman making a profit of Rs 20,000 crore.

2026-08-09T21:10:41Z

Rupee falls 13 paise to settle at 95.43 against US dollar

Mumbai, Aug 11 (PTI) The rupee declined 13 paise to settle at 95.43 (provisional) against the US dollar on Tuesday, tracking a sharp rise in global crude oil prices amid geopolitical uncertainties.However, recent foreign capital inflows provided some support to the local unit, forex traders said.At the interbank foreign exchange market, the rupee opened at 95.38 against the US dollar and traded in a very narrow range of 95.37-95.45. Eventually...

2026-08-11T10:56:48Z

Carysil shares jump nearly 6% as Q1 profit rises 38%, margins improve

Shares of Gujarat-based Carysil Ltd. rose nearly 6% on Monday after the quartz sink maker reported a 38% increase in first-quarter profit, with earnings growing faster than revenue as margins improved.Net profit rose 37.7% from a year earlier to ₹31.4 crore in the quarter ended June, while revenue increased 15.5% to ₹262.1 crore.Operating profit also outpaced sales growth. Earnings before interest, tax, depreciation and amortisation (EBITDA)...

2026-08-10T11:20:52Z

Global market today: Asian shares trade lower; oil holds gains

Oil prices managed to retain their gains as optimism regarding a deal in the Strait of Hormuz dissipated, sparking renewed fears of inflation. Treasury yields increased, and the yen weakened, undoing some of its recent recovery. Asian stocks and futures suffered slight declines, while Australian bonds dropped before an impending policy decision.

2026-08-11T01:11:13Z

LIC Q1 FY27 preview: Margin seen at 16.7%; APE, VNB expected to grow - 4 things to watch

LIC Q1 FY27 Preview: LIC is set to announce its financial results for the quarter ended June 30, 2026 (Q1 FY27) on Thursday, August 6.

2026-08-05T20:39:08Z

Crypto or equities abroad? Where are Indians investing this year; scan the data

In 2026, more and more Indian investors are moving beyond domestic markets to overseas equities and crypto. Outward remittances under LRS reached $2.39 billion in May 2026. On the other hand, remittances for equity and debt investments increased by about 96% to reach $603.3 million in April-May. India's retail crypto transaction volume in the first quarter of 2026 was around $46 billion.

2026-08-11T07:30:37Z

PNB's new money move: Wealth services coming soon - What customers get

Punjab National Bank plans to launch wealth management services by December to boost non-interest income, while expanding credit cards and targeting over Rs 20,000 crore profit in FY27.

2026-08-09T17:43:35Z

Elon Musk added $875 million a day to his fortune since 2025: Report

Elon Musk, who has been creating new wealth records since appearing in the Forbes list for the first time in 2021, is originally from South Africa.

2026-08-10T09:02:20Z

How does the RBI control inflation? Repo rate, CRR, SLR & monetary policy explained

Do you see that sometimes the cost of vegetables/milk/school bags increases? An increase in the price of goods and services is referred to as inflation. In India, the Reserve Bank of India (RBI) is responsible for maintaining the inflation rate within a tolerable limit to ensure people can purchase the necessary items. The primary aim of the RBI is to maintain price stability while also promoting economic growth. Quick Highlights Aspects...

2026-08-04T18:41:47Z

2 years vs 10 years: What investors lose by stopping SIPs early and why staying invested matters

Investors often quit SIPs too early, driven by market volatility. Data shows that holding SIPs longer significantly reduces the risk of loss, highlighting the importance of a long-term perspective in investing.

2026-08-11T10:02:11Z

Keke Palmer was supporting 5 people as a teenager - then she finally broke down

Keke Palmer opens up about the hidden emotional cost of becoming a child star and carrying her family out of poverty at a young age. From growing up in a struggling neighborhood in Illinois to becoming the breadwinner through movies, television, and Nickelodeon fame, Keke explains how survival mode slowly took over her entire identity both on and off camera. The video explores the pressure of supporting her family for over 20 years, the emotional exhaustion that came with constantly “performing,” and the moment her young son unintentionally forced her to confront the trauma she had buried for years. It’s a powerful story about childhood responsibility, burnout, generational survival, and finally learning how to rest after spending a lifetime trying to save everyone else.

2026-05-25T11:16:07Z

The Wealth Company launches GIFT City Fund to offer overseas investors India mutual fund exposure

The Wealth Company has launched an open-ended Category III AIF in GIFT City, offering eligible non-resident investors, including NRIs, a US-dollar route to diversified Indian mutual funds and ETFs through professionally managed portfolio selection.

2026-08-10T12:27:15Z

The strongest currencies in the world

Many factors can influence the strength of a country's currency. These include low inflation, a stable economy, high interest rates, and revenue from exports like oil or minerals. Countries with stable governance and robust financial policies often have stronger currencies. When a currency holds its value, it attracts investor trust, business opportunities, and economic progress. A strong and diversified economy also helps reduce volatility, which further supports the currency's position globally. In this gallery, we look at some of the world’s strongest currencies, ranked by how many of them you get for one US dollar. Curious to see which ones top the list? Click to find out!

2025-07-08T11:20:11Z

INTC stock gains overnight: Chipmaker raising share sale to over $20B?

Intel could price the offering at around $95 per share or above, according to Bloomberg’s sources, which would be a 6.5% discount from Friday’s stock price.

2026-08-11T07:46:03Z

Psychology says people who try to save every penny they can aren't just trying to build wealth — what this behavior means and teaches us

Psychology says people who try to save every penny they can aren't always making financial decisions based only on budgeting. Their behavior can be linked to anxiety, fear of uncertainty, past financial experiences, a scarcity mindset, loss aversion, and a need to feel control and safety.

2026-08-08T17:38:34Z

The average amount Brits have in savings, according to their age

It's not as scary - or high - as you might think

2026-08-10T16:41:15Z

India's rupee goes plastic: RBI's big currency upgrade with new ₹10 & ₹20 notes soon | Vantage

India is set to introduce polymer or plastic currency notes starting FY28. The Reserve Bank of India will initially roll out ₹10 and ₹20 polymer notes, which last two to four times longer than paper currency and are expected to reduce wear and tear. The RBI says the move will also help expand currency production capacity, with larger rollouts planned if field trials are successful. Why is India making the switch now, and what changes for consumers? Hem Saroya tells you more.

2026-08-06T18:11:03Z

Managing money is more important than earning it; these 10 rules will transform your financial life.

Earning money is important, but managing it wisely and saving for the future is even more crucial. Amidst inflation, fluctuating interest rates, and economic uncertainty, robust financial planning can help safeguard your financial well-being. Achieving this requires discipline regarding savings, investments, insurance, and debt management, rather than simply chasing the highest returns. Whether you are employed, run a business, or are preparing...

2026-08-10T12:43:42Z

Why NBFCs & financial services could lead India’s next consumption growth story

Financial services are emerging as a key focus area for investors as India's consumption story gains momentum. Dinshaw Irani, CEO, Helios Capital, says NBFCs play a crucial role in providing last-mile financing that supports consumption across the economy. His investment strategy has increased exposure to the broader BFSI space, with a stronger focus on financial services rather than traditional banks. The strategy also includes direct exposure to capital-market companies. Irani believes NBFCs, fintech-linked businesses and capital-market players could benefit as financial participation and consumption expand, making financial services an important part of India's long-term growth story.

2026-08-11T11:30:25Z

Markets at a crossroads: Asian gains, Indian consolidation and a critical US inflation test

Asian equity markets began the week on a broadly positive note on Monday (10 August), supported by the continued strength of US equities, expectations of a less restrictive US monetary policy environment and improving investor sentiment across major global markets. Japan emerged as one of the strongest performers in the region, while Hong Kong and ...

2026-08-10T16:28:13Z

Retiring with ₹75 lakh? Experts reveal how much to keep in cash and where to invest the rest

Retiring with ₹75 lakh? Here is a practical retirement corpus allocation across cash, bank FDs and equity mutual funds, balancing emergency needs, regular income, inflation protection and long-term financial stability.

2026-08-11T10:17:10Z

Financial horoscope today, August 11, 2026: Cancer signs will strengthen financial relations, know the status of all signs

Today's Financial Horoscope, August 11, 2026: You will meet others' expectations. You will think about increasing harmony and spend memorable moments with loved ones.

2026-08-11T02:11:14Z

Why is the US saving the yen? Treasury tells banks to stand ready for massive action | TDJ News

Why Is the U.S. Saving the Yen? Treasury Tells Banks to Stand Ready for Massive Action | TDJ News

2026-08-07T06:41:46Z

2026-08-05T12:02:04Z

SpaceX advances $1 trillion revenue target to 2030, Musk says

Speaking to investors, Musk said the company’s internal financial projections had shifted from reaching the milestone in 2031 to 2030, adding there was “a non-zero chance” it could happen as early as 2029.

2026-08-06T15:20:19Z