Many parents wish to invest in direct mutual funds online on behalf of their children, but few asset management companies offer this facility and registrar and transfer agent (RTA) websites don’t support online investing for minors. As a result, parents often end up taking the offline route, visiting a bank or a mutual fund distributor….
But with great potential comes considerable volatility, and this is where the debate between active and passive investing becomes wealth-defining. Unlike large-cap companies, which typically offer stability and established cash flows, small- and mid-cap companies often operate in emerging sectors, experience sharper business cycles, and face greater regulatory and competitive risks. These characteristics make them…
The Lok Sabha passed the revised Income Tax (No. 2) Bill, 2025 on Monday, August 11, a move towards replacing the six-decade-old Income Tax Act of 1961. Introduced by Finance Minister Nirmala Sitharaman in the Parliament, the bill aims to streamline and modernise the country’s tax framework. It will now move to the Rajya Sabha…
The nation’s Income Tax Department has extended the ITR-filing deadline for the current assessment year to 15th September, 2025. This extension provides taxpayers additional breathing room beyond the original 31st July cutoff date. Furthermore, by early August, some 2.51 crore returns have already been filed, with 2.43 crore verified and 1.13 crore processed. The objective…
After ICICI Bank increased the minimum average monthly balance (AMB) requirements for savings accounts steeply from August 1, there is a renewed focus on the fee banks charge for not maintaining the required amount in these accounts. The move comes close on the heels of leading public sector banks, including State Bank of India (SBI),…
(Bloomberg) — An Australian rocket crashed shortly after taking off, marking the first attempt to reach orbit with a made-in-Australia vehicle. Space startup Gilmour Space Technologies’ first test flight of its Eris rocket left the launch pad at the company’s Bowen Orbital Spaceport, about 1,000 kilometers (620 miles) northwest of Brisbane, on Wednesday morning local…
Rohit Sharma and Virat Kohli will have to play premier BCCI one-day tournament – Vijay Hazare Trophy – if the Indian stalwarts want to stand a chance to play at the ODI World Cup in 2027. Both Rohit and Virat have already retired from Tests and T20Is, with their sole focus on the ODI World…
The Parliament passed the revised Income Tax Bill 2025, fixing drafting oversights in the earlier February version that had sparked confusion over refunds, tax deducted at source (TDS) rules, and property income deductions. Experts say the changes restore clarity, align the law with long-standing provisions, and will help prevent needless litigation. “When the Bill was…
Thomas Derksen, a German influencer in China, transformed over five years. Check his Instagram for evidence. His early pictures show heavy meals: big breakfasts, cakes and bacon sandwiches. Now, he looks muscular and more active. He does kickboxing, kayaking and swimming. He said the change had begun during the COVID-19 pandemic. At 36, he realised…
Saint John’s (Antigua and Barbuda), August 10 (ANI): At the request of Cricket West Indies President Kishore Shallow, an emergency meeting of the Cricket Strategy & Officiating Committee commenced here to address critical challenges facing West Indies cricket and implement immediate structural reforms. The two-day summit began on Saturday at the Hyatt Regency Trinidad and…
