Money

Sensex ends nearly 1,000 points up: 3 reasons why stock market jumped today

Sensex and Nifty surged on Friday as IT stocks, Reliance Industries and private banks led buying. The S P BSE Sensex was up 953.76 points, or 1.24%, at 78,140.63 around 3:07 pm, after touching an intraday high of 78,282.55.

Indian state-run banks estimate $30 bln flow from overseas deposit scheme, sources say

Indian state-run banks expect to raise nearly $30 billion through the RBI's subsidised NRI dollar deposit scheme by September 30, bankers told Reuters. About $10 billion has been mobilised so far. Banks expect inflows to accelerate after the RBI eased lending rules, with most funds likely to come in closer to the scheme's deadline.

Could California become the first state to tax billionaires? Here's what's at stake

California is heading toward one of the most closely watched political battles in the United States as voters prepare to decide whether the state's billionaires should pay a one-time wealth tax to help replace lost healthcare funding. The proposal has become far more than a state ballot measure. According to the Financial Times, it is emerging as a national test of whether growing public frustration over inequality can overcome the financial and...

Axis Bank, HDFC Bank, ICICI Bank Q1 preview: Which private lender may post strongest June quarter?

Three of India's largest private sector lenders — Axis Bank, HDFC Bank and ICICI Bank — are set to announce their June quarter (Q1FY27) results over the weekend. Among the three, Axis Bank is expected to report the highest year-on-year growth in profit, helped by a sharp decline in provisions.

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.

Gold silver rate today (July 17): Metals fall, check latest rates in Delhi, Mumbai, Chennai, more

Gold Silver Rate Today: Gold and silver prices edged lower on Friday as weak domestic demand and concerns over higher global interest rates kept pressure on the precious metals market, despite support from a softer US dollar. On the Multi Commodity Exchange (MCX), gold futures for August delivery declined by Rs 248, or 0.18 per cent, to Rs 1,40,100 per 10 grams, with a turnover of 1,026 lots. Analysts attributed the decline primarily to subdued...

₹10,000 monthly SIP grew into over ₹4 crore: How this mutual fund delivered strong long-term returns

Franklin India Opportunities Fund: Long-term investing through a Systematic Investment Plan (SIP) has once again highlighted the power of compounding. According to data released by Franklin Templeton Mutual Fund, investors who had invested ₹10,000 every month in the Franklin India Opportunities Fund since its launch around 26 years ago would have accumulated a corpus of more than ₹4.21 crore as of June 30, 2026. The fund has consistently...

Big change for your wallet! RBI plans polymer Rs. 10 and Rs. 20 notes

Mumbai/IBNS, July 17 -- The Reserve Bank of India (RBI) is preparing to introduce polymer banknotes in a pilot project, marking a major step towards overhauling the country's currency system, NDTV Profit reported.

JPMorgan eyes historic $1 trillion valuation, set to become world's first trillion-dollar bank

JPMorgan's second-quarter earnings exceeded Wall Street expectations, helped by a resurgence in mergers and acquisitions, equity offerings and strong trading activity.

Your money: How can you climb out of a debt trap?

Easy credit is pushing more Indians into financial distress. Experts outline five steps to regain control of your finances and steadily reduce your debt burden

Zepto IPO anchor book nears closure; Norges, Motilal Oswal may take 40-45%

In a notable financial move, major investors like Norges and Motilal Oswal are expressing a keen interest in Zepto's upcoming initial public offering, which is valued at approximately Rs 11,000 crore. The anchor book is approaching its closure, with these investors poised to capture a substantial share. Zepto's valuation for this IPO stands at an impressive $5.1 billion, aligning with the burgeoning growth of India's quick commerce sector.

RBI's currency printing arm invites global bids for polymer banknote substrate

Mumbai (Maharashtra) [India], July 17 (ANI): Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), the currency-printing subsidiary of the Reserve Bank of India, has floated a Global Expression of Interest (EOI) inviting manufacturers worldwide to supply opacified polymer substrate sheets embedded with security features for printing Indian banknotes.The EOI, released on Friday, seeks an indicative quantity of 68,000 reams of BOPP...

Apple unseats Nvidia to become world's most valuable company as AI bets shift

Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 ​trillion, following a 3.5% decline. The shift in the pecking order illustrates that investors are broadening their focus beyond the most obvious beneficiaries of the AI boom, such as Nvidia, which had been at the helm for nearly a year. Apple is reclaiming the top spot for the first time since April last year.

He quit his government job for IIM Ahmedabad. The decision cost him Rs 74 lakh

Amit Soni says leaving his government job to join IIM programme cost him nearly Rs 74 lakh, but he believes the investment has been worthwhile because of the personal and professional transformation it offers.

Bihar pensioner goes to withdraw Rs 1,100, finds Rs 759 crore in bank account; Muzaffarpur bank launches inquiry

The unusually large balance was reportedly visible in both the pensioner's and his son's accounts before disappearing after verification, prompting bank officials to investigate the apparent system error.

3 aggressive financial rules to retire early in your 30s and 40s

While the internet often insists that wealth building must start in your teenage years, former Wall Street trader Vivian Tu (creator of "Your Rich BFF") argues that those in their 30s and 40s have not missed their window. However, starting later means adopting a far more aggressive financial strategy to bridge the gap. Tu outlines a simple three-rule roadmap tailored for mid-career professionals: demanding substantial, deserved annual raises;...

BlackRock tops $15tn: Where does the world's largest asset manager put it all?

BlackRock has become the first asset manager to oversee more than $15 trillion (€13tn), nearly three times the nominal annual output of Germany, the EU’s largest economy. Here is how the money is spread. View on euronews

Diljit Dosanjh charged ₹1 for Satluj, says director Honey Trehan: 'Shameful if I charge to play Jaswant Singh Khalra'

Director Honey Trehan highlighted that without Diljit Dosanjh, Satluj, depicting human rights activist Jaswant Singh Khalra's story, would not exist.

Should you keep your emergency fund in a savings account, liquid fund or fixed deposit?

Most people know they should have an emergency fund. But once they've built one, another question comes up: where should that money actually be kept? Should it stay in a savings account where it's available instantly? Would a fixed deposit earn a better return? Doesn’t a liquid mutual fund make the ideal compromise between convenience and growth potential? Not necessarily – it all depends on how fast you’ll need your money, and how familiar you...

Proverb of the day: Why "Money often costs too much" reminds us that some prices cannot be measured in wealth

Stay updated with the latest news on Times of India. Get all the trending City News, India News, Business News, and Sports News. For Entertainment News, TV News, and Lifestyle Tips, visit Etimes.

South Indian Bank expects stable asset quality, strong gold loan growth

South Indian Bank expects healthy asset quality through the rest of the financial year despite uncertainty from the West Asia conflict. MD and CEO PR Seshadri said the lender will continue to expand its gold loan business and branch network outside Kerala, .Gold loans, which currently account for around 25% of the loan book, are expected to grow 17-18% this financial year to reach 27-28% of the overall book by year-end."Even if there is an...

Did PM Modi announce a Rs 25 lakh monthly income scheme? Here's the truth

A fake video using artificial intelligence shows Prime Minister Modi promoting an investment scheme. This fraudulent platform falsely promises significant monthly income for a small initial investment. The Press Information Bureau has confirmed the video is fake and warned citizens about the scam. Cyber fraud cases are rising sharply across India, with many reported losses. People should remain vigilant and report suspicious content to prevent...

SIP calculator: Save just ₹100–₹200 a day and build a corpus of up to ₹40 lakh

Daily SIP Calculator: Many people believe they need a large amount of money to begin investing. In reality, even small daily savings can grow into a sizeable corpus over time through the power of Systematic Investment Plans (SIPs) and compounding. If you invest just ₹100 or ₹200 every day in a mutual fund SIP and stay invested for 10 to 15 years, your investment could potentially grow into several lakhs—or even cross ₹40 lakh, assuming annual...

5 viral money affirmations people are repeating to attract wealth and abundance

Here are five affirmations that are simple, meaningful, and easy to remember.

Rupee inches higher after four-day fall, but dollar demand and crude prices weigh

The Indian rupee opened 4 paise higher against the US dollar on Friday (July 17), recovering marginally after falling for four consecutive sessions. The rupee opened at 96.31 per US dollar, compared with Thursday’s (July 16's) closing level of 96.35.However, the recovery remained limited as the currency continued to face pressure from rising crude oil prices, weak global risk appetite and sustained dollar demand from importers. The rupee is now...

Grant Cardone adds 10.5 bitcoin from July rental cash flow, now sits on 2,700 BTC stash

Cardone Capital has added another 10.5 Bitcoin (CRYPTO: BTC) to its treasury using rental income from its real estate portfolio. Dollar-Cost Average Approach In an X post on July 16, Grant Cardone said the company remains committed to converting a portion of its free cash flow into Bitcoin through a dollar-cost averaging strategy. The latest purchase comes just a week after the firm announced it had acquired 107 BTC. “Despite the fact BTC has...

Adani Green Energy shares decline 2.20% to Rs 1,509.80

Adani Green Energy Limited shares declined by 2.20% to Rs 1,509.80 at 3:26 pm on Friday. The stock is a constituent of the Nifty Next 50 index. Financial PerformanceAdani Green Energy Limited has demonstrated robust financial performance over recent periods. For the quarter-ending March 2026, the company reported a consolidated revenue of Rs 3,502 Crore, representing a significant increase compared to Rs 3,073 Crore in the quarter-ending March...

The experience economy is reshaping consumer finance

Young professionals now prioritize experiences, shifting financial goals from tangible assets. Consumers globally continue to spend on travel and experiences despite economic uncertainty. Financial institutions are adapting by designing products around lifestyles and travel utility. This evolution means financial products increasingly enable experiences rather than just purchases. The future of consumer finance will be driven by enabling...

EPFO credited 8.25% interest to 34 crore accounts: Here is how to check it

The Employee’s Provident Fund EPFO has a very good news for the salaried employees across India. EPFO has credited 8.25% interest for FY 2025-26 on Employees’ Provident Fund accounts. This interest will hit the accounts of 34 crore EPF accounts. The Union Labour and Employment Minister Dr Mansukh Mandaviya has mentioned that over 1.44 lakh crore rupees to the accounts with the help of its new Centralised IT Enabled Services (CITES) system. If...

Nasdaq 100 tops 20-year returns at 21%; Nifty Midcap leads Indian markets: Which investment created more wealth?

The Nasdaq 100 emerged as the biggest long-term wealth creator over the last 20 years, with 21.3% returns. Among Indian equity benchmarks, the Nifty Midcap 150 TRI delivered the highest annualised return over the same period at 16.3%.

Gold corrects to around $3,980/oz from $5,608/oz in January; silver declines 16% in the last month

Enrol now with TOI Money Masterclass to turn your child's pocket money into life lessons

The Times of India proudly announces a Money Masterclass designed for children aged nine to fifteen. This interactive course, led by financial experts, encompasses vital money management skills through engaging live Zoom classes. Participants will discover the essentials of earning, saving, wisely spending, and philanthropy. Upon finishing the program, they will receive a digital toolkit and earn a celebrated 'Money Belt' certificate.

Your money: How much life insurance is enough?

A ₹1 crore cover may not be sufficient to protect your family. Here’s how to calculate what you actually need

Union Bank stock: 6 positive signals investors should know after Q1 FY27

India, July 17 -- The article outlines the factors that improved for the company, which is engaged in the Business of Banking Services, Government Business, Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc

Weekly wealth horoscope predictions, July 12 to July 18, 2026: Your money luck for the week

This week, Aries may experience an influx of cash along with some outgoing expenses. Taurus is poised for a solid financial span, showcasing robust earning potential. Gemini may delve back into previous financial matters, necessitating thorough scrutiny of paperwork. Cancer will concentrate on enhancing financial stability and cultivating savings for future advancement. Leo should take time to appreciate their accomplishments but should...

Before you turn 30: Money lessons that can make life easier later

A lot of people think investing can wait until they earn more. That's one of the biggest mistakes young earners make. Even putting away a small amount every month through a SIP can go a long way because of the power of compounding. The earlier you begin, the more time your money gets to grow. You don't need a six-figure salary to get started, consistency matters much more. Life has a way of throwing surprises when you least expect them. A sudden...

UK stock market today (July 17): FTSE 100 falls 0.37% while FTSE 250 gains despite oil price surge and global risk - what should investors know?

India, July 17 -- UK Stock Market Today (July 17): The UK's benchmark FTSE 100 Index recovered from early losses to trade 0.26% higher at 10,600.25 during intraday trading on Friday, July 17, 2026. The index had opened in negative territory as a global technology selloff and escalating Middle East tensions weighed on investor sentiment. London equities initially came under pressure after a sharp decline in international chip stocks. However,...

Global market today: Asian stocks drop after chip selloff, oil gains

Asian stocks declined as chipmakers pulled down Wall Street amid valuation concerns. Oil prices climbed higher this week due to escalating Middle East hostilities. Investors are questioning the sustainability of massive artificial intelligence investments and tech valuations. Heightened geopolitical tensions fueled inflation worries and potential interest rate hikes. Consumers continue spending and the labor market shows resilience despite...

France adds a new millionaire every 15 minutes. How does Europe compare?

Eastern Europe recorded the fastest growth in dollar millionaires in percentage terms, while the UK, France and Spain ranked just behind the US in the number of new millionaires added. View on euronews

Reliance Jio Q1 results: Profit rises amid increase in subscriber base; ARPU up marginally

The telecom arm of billionaire industrialist Mukesh Ambani's conglomerate logged a bottom-line of Rs 7,764 crore in the quarter under review.

NRIs can bring USD 70-80 bn into India through FCNR deposits: expert

Singapore, Jul 17 (PTI) Non-Resident Indians (NRIs) have the potential to bring USD 70-80 billion in foreign currency inflows into India through the ongoing FCNR initiative, under which banks are offering higher interest rates for a limited period, a Singapore-based chartered accountant said on Friday. The estimate was also discussed during a global webinar organised by the Singapore Chapter of the Institute of Chartered Accountants of India...

Profitability, geopolitical concerns weigh on Zepto's IPO valuation

Quick commerce major Zepto could make its stock market debut at a valuation significantly below its peak private valuation of $7 Bn, as investors weigh concerns over its cash burn and path to profitability alongside broader geopolitical uncertainty and market volatility. Foreign investors have indicated interest in Zepto’s upcoming IPO at a pre-money valuation of about $4.5 Bn, implying a post-money valuation of about $5.1 Bn, sources told...

Content creator Ankur Warikoo and his wife Ruchi share 5 money rules they live by after having 2 kids

Budgeting plays a crucial role in family life. It requires efficient planning and prioritising, based on individual values and needs. For this, it’s important to pay no heed to the latest trends. Indian entrepreneur and content creator Ankur Warikoo and his wife Ruchi revealed how they spend their money on a monthly basis at the age of 45 with two kids. Their five rules may come handy if you are struggling to categorise your expenses. Don’t give...

Global market: CXMT's $8.6 billion IPO draws strong retail demand, but investor caution persists

Chinese memory chipmaker CXMT's IPO attracted strong retail investor interest. The retail tranche was oversubscribed by 243.93 times, showing robust demand. This oversubscription level was lower than recent Chinese listings, reflecting investor caution. Tech shares have faced volatility amid concerns over valuations and market liquidity. State media sought to reassure investors about the offering's market impact.

Federal Bank taps leveraged FCNR deposits to support credit growth, prepares for overseas fundraising

Federal Bank has non-resident (NRE/NRO) deposits exceeding ₹1 trillion, or roughly 31% of its total deposits of ₹3.2 trillion.

How much money should you keep in savings account? When should you use your savings account fund?

A savings account is a type of bank account where you can deposit money for both regular use and short-term use.

Viral RBI letter promises Rs 1-lakh release after Rs 7,500 'refundable tax' payment; here's the truth

The fact checking agency stated that the RBI does not issue letters promising cash payouts in exchange for advance payments, taxes or processing fees.

Gold price prediction: Why is Gold rate crashing to biggest weekly loss? Check latest projections for August

Gold price has fallen about 25 per cent since the U.S.-backed war ​with Iran began in late February, pressured by expectations that ​war-driven inflation could keep interest rates higher for longer.

SBI Funds Management IPO: Offer price fixed at Rs 574; SBI employees to get Rs 54/share discount

SBI Funds Management IPO: State Bank of India offered eligible employees a discount of Rs 54 per share in the SBI Funds Management IPO, with the offer price fixed at Rs 574 per share.

RBI should hike policy rate; long-term pressure on rupee remains: Natixis economist

Speaking to NDTV Profit, Nguyen said Indian companies continue to remain largely dependent on the domestic economy, even as there is major emphasis on IT services exports.