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Education loan from NBFC may not qualify for tax deduction

NEW DELHI, March 5 -- Education loans from non-banking financial companies (NBFCs) may not qualify for tax deduction. For a borrower to avail of the benefit, loan must be from government-notified fina... Read More


Debt fund returns turn negative

New Delhi, March 4 -- The returns on some debt funds have been in negative territory in the past couple of months. The erosion is more pronounced in long-term and gilt funds. The year-to-date categor... Read More


Gilt and long duration funds' returns turn negative

New Delhi, March 4 -- The returns on some debt funds have been in negative territory in the past couple of months. The erosion is more pronounced in long-term and gilt funds. The year-to-date categor... Read More


Post-covid-19, women prefer real estate more than men, finds survey

New Delhi, March 3 -- Women's preference for real estate has risen post-covid-19-from 57% votes in a pre-covid-19 consumer sentiment survey to 62% in the current edition of the survey by ANAROCK Prope... Read More


Five things to know about the NUE license being chased by Ambani, Amazon

NEW DELHI, March 3 -- Top banks and corporate entities are forming partnerships to apply for the license for the new umbrella entity (NUE) that will allow them to set up a digital payments network. A... Read More


Transfer education loan to PSBs for better rates

New Delhi, March 2 -- Many students pursuing studies in India are looking to transferr their education loans to public sector banks (PSBs) to reduce their outgo. "On average, the student borrower sav... Read More


Apoorva Mehta, Nikhil Kamath youngest Indian billionaires

New Delhi, March 2 -- Mukesh Ambani's wealth grew 24% in the past year, with his net worth reaching $82 billion, making him the eighth richest person in the world, according to Hurun Global Rich List ... Read More


Elon Musk's Starlink satellite internet service expected in India in 2022

New Delhi, March 2 -- Billionaire Elon Musk-led SpaceX aims to launch its satellite internet service, Starlink, in India some time in 2022. The aerospace company's website has listed several Indian lo... Read More


Be cautious when accepting salary or payments in cryptocurrency

NEW DELHI, March 1 -- Increasingly, freelancers working with overseas clients are receiving payments in cryptocurrencies. Instead of sending money through banks or via other remittance services, clien... Read More


Beware of currency mark-ups in international fund transfers

New Delhi, March 1 -- Technology is making outward remittances more convenient. However, the charges for sending money abroad continue to remain high. In the past few months, banks have refined their... Read More