What the new co-branded credit card offers Google Pay Flex Axis Bank Credit Card is a co-branded card launched by Google Pay in collaboration with Axis Bank. The card is designed to bring traditional credit-card benefits into the UPI-first payment experience, making it easier to use credit wherever UPI is accepted and to manage payments … Read more
Rupee recovers to 89.96 against the US dollar The rupee opened the day at 91.05 against the US dollar in the interbank foreign exchange market and later recovered to an intra-day high of 89.96. This move represented a gain of 97 paise from the previous close. What happened in the market The session began with … Read more
Elon Musk Hits a New Net Worth Record A real-time billionaire tracker shows Elon Musk’s net worth has climbed past $684 billion, making him the first person to reach that level of wealth. The surge follows fresh attention on his space company, which market chatter suggests could pursue a public listing. Space Company Valuation Fuels … Read more
DGFT opens 30-tonne import quota under tariff head 7108 Following the October decision to shift to a competitive bidding route, the Directorate General of Foreign Trade (DGFT) has opened a 30-tonne quota under tariff head 7108. The move marks a clear step toward allocating imports of gold-related products via market-driven bidding rather than previous allotment … Read more
A decade and more of compound growth One lakh rupees invested in a flexi-cap mutual fund in 2008 would have grown roughly tenfold by 2025. That outcome reflects an annualised return of 14.25% over 17 years, turning ₹1,00,000 into about ₹10,00,000. How the math works The growth follows the compound interest formula: Future value = … Read more
RBI steps up efforts to stabilise the rupee The central bank took another visible step in the foreign exchange market, following a recent operation that strengthened its ability to intervene. One day earlier it absorbed about $5 billion from market participants through a three‑year USD/INR buy‑sell swap, a move aimed at smoothing currency volatility. What … Read more
Mutual Fund Fee Slabs Reworked Around AUM Many mutual funds have adjusted the fee or charge slabs they use to calculate costs, and those slabs are now explicitly tied to each fund’s assets under management (AUM). That means the scale of fees an investor pays can change depending on how large or small a fund … Read more
Major Stake in MetaX Valued at Billions Chen holds 55 million shares in MetaX Integrated Circuits Shanghai Co., a position now valued at at least 5.8 billion yuan — about $824 million at the offer price. This sizable stake highlights both individual wealth tied to the chip sector and investor interest in domestic semiconductor firms. … Read more
The National Pension System (NPS) has updated its withdrawal rule: subscribers can now withdraw up to 80% of their corpus once it crosses ₹12 lakh (₹12,00,000). This change gives savers more flexibility to access a larger share of their retirement savings early, subject to eligibility conditions. What changed Previously, the withdrawal limit was lower. Under … Read more
RBI repeats intervention to steady the rupee On Wednesday, the Reserve Bank of India stepped into the foreign exchange market again, mirroring its actions in October and November when it intervened aggressively on three occasions. The moves were aimed at disrupting persistent one-way pressure on the rupee and restoring balance to currency trading. Why the … Read more