The Employees’ Provident Fund Organisation (EPFO) has moved to extend the time period for full withdrawal of provident fund savings. The change is meant to protect retirement nest eggs, but it also raises fresh challenges for migrant workers, retirees, and people who need quick access to funds during emergencies. What the change means Under the … Read more
IPO modestly oversubscribed at 1.07 times The company’s initial public offering attracted bids for 39,16,33,950 shares against 36,47,76,528 shares on offer, translating into a subscription level of 1.07 times, according to data available with the NSE till 11:45 hours. Quick snapshot Bids received: 39,16,33,950 shares Shares on offer: 36,47,76,528 shares Subscription level: 1.07 times (NSE … Read more
The Indian rupee found some support from a softer dollar index, but gains were limited as weak domestic equity sentiment and continued foreign capital outflows kept pressure on the currency. Markets reacted cautiously, balancing global currency moves against local investment trends. How the dollar helped The recent weakness in the dollar index provided a tailwind … Read more
What is Dynamic Currency Conversion (DCC)? Dynamic Currency Conversion, or DCC, is a payment option offered at some shops, restaurants and ATMs when you use a foreign card. It lets you see the bill in your home currency at the point of sale instead of the local currency. Why it feels convenient Seeing the charge … Read more
Gujarat Cooperative Milk Marketing Federation Ltd has been named the top co-operative in the world in the ICA World Cooperative Monitor 2025 rankings. The recognition highlights the organisation’s scale, farmer-centric model and growing global footprint. Global recognition for a dairy cooperative The ICA World Cooperative Monitor places co-operatives by size, social impact and economic performance. … Read more
Markets open higher as Sensex and Nifty gain in early trade The domestic equity market began the session on a positive note, with benchmark indices moving higher in early trade. The Sensex rose by 321.81 points (0.39%) to close in early action at 83,780.96, while the Nifty added 57.05 points (0.22%) to reach 25,654.70. Market … Read more
Safe choices with different strengths Both the public provident fund (PPF) and fixed deposits (FDs) are conservative, low-risk ways to grow money with assured returns. They shine for capital preservation, but they differ in three key areas: lock-in period, rate of return, and tax treatment. Knowing those differences helps you match a product to your … Read more
Adani Ports and Special Economic Zone delivered a strong earnings performance, posting robust profit growth driven by steady cargo volumes and operational efficiencies. At the same time, the group flagship, Adani Enterprises, experienced a fall in its core revenue and underlying profit, although the headline numbers were buoyed by significant one‑off gains. What drove the … Read more
Dollar slips as markets shift The U.S. dollar eased, with the dollar index falling 0.16% to 99.90. Traders dialed back on dollar bets as market focus shifted to interest-rate expectations, economic data and risk appetite across global markets. Why the dollar moved Rate expectations: Small changes in expectations for Federal Reserve policy can move the … Read more
Asian stock markets opened on a positive note as major indexes across the region moved into the green. Investors welcomed a risk-on tone, with gains seen from Seoul to Tokyo and on the Chinese mainland and in Hong Kong. Market snapshot South Korea: Kospi traded in positive territory, reflecting broad buying interest. Japan: The Nikkei … Read more