EXPENSE MANAGEMENT
![Zomato introduces food expense management platform 'Zomato for Enterprise'](https://img.etimg.com/thumb/msid-112865929,width-100,height-75,resizemode-4/tech/technology/zomato-introduces-food-expense-management-platform-zomato-for-enterprise.jpg)
Zomato introduces food expense management platform 'Zomato for Enterprise'
Legends offered iconic dishes from 10 cities to other parts of the country. The company had earlier put on hold the service and restarted it in July with a few tweaks.
![ETMarkets Smart Talk: Indian market appears expensive; go with sectors with untapped opportunities to spot multibagger: Aneesh Srivastava](https://img.etimg.com/thumb/msid-112833396,width-100,height-75,resizemode-4/markets/expert-view/etmarkets-smart-talk-indian-market-appear-expensive-go-with-sectors-with-untapped-opportunities-to-spot-multibagger-aneesh-srivastava.jpg)
ETMarkets Smart Talk: Indian market appears expensive; go with sectors with untapped opportunities to spot multibagger: Aneesh Srivastava
BOJ raised interest rates from 0.1% to 0.25% last month and indicated further hikes to take care of rising inflation. This created a fear of the unwinding of the JPY lead carry trade. The BOJ later allayed concerns indicating a more cautious approach to further rate increases.
![Do you have enough life insurance cover to protect your financial goals?](https://img.etimg.com/thumb/msid-112746123,width-100,height-75,resizemode-4/wealth/insure/life-insurance/will-rs-1-crore-life-insurance-cover-be-enough-to-protect-your-financial-goals.jpg)
Do you have enough life insurance cover to protect your financial goals?
Your financial goals may be at risk if you have not taken sufficient protection against unforeseen events.
![US Elections 2024: How much does it cost to elect a President of the United States?](https://img.etimg.com/thumb/msid-112824555,width-100,height-75,resizemode-4/news/international/world-news/us-elections-2024-how-much-does-it-cost-to-elect-a-president-of-the-united-states.jpg)
US Elections 2024: How much does it cost to elect a President of the United States?
Running for the US presidential office is very expensive, with expenses potentially reaching $1 billion. There are no limits on spending or when candidates can start for the US elections. Campaigns are funded by contributions from various sources, and while public financing was once common, private fundraising has become more popular. Federal law restricts donations from corporations, labor unions, and imposes limits on individual contributions. The Democrats are running the race with current VP Kamala Harris, while former US President Donald Trump is running for the Republicans in the 2024 elections.
![Jio Financial Services gets nod to raise foreign investment limit to 49%](https://img.etimg.com/thumb/msid-112783490,width-100,height-75,resizemode-4/industry/banking/finance/jio-financial-services-gets-nod-to-raise-foreign-investment-limit-to-49.jpg)
Jio Financial Services gets nod to raise foreign investment limit to 49%
Jio Financial Services Ltd has been granted approval to raise its foreign investment limit to 49%. Foreign investors currently hold 17.55% of the company's shares. The company's net profit fell 6% in the first quarter ending June. Jio Financial introduced new services such as mutual fund loans and auto insurance in July.
![How to make the most of UPI for your daily expenses](https://img.etimg.com/thumb/msid-112654799,width-100,height-75,resizemode-4/industry/banking/finance/how-to-make-the-most-of-upi-for-your-daily-expenses.jpg)
How to make the most of UPI for your daily expenses
UPI, introduced by NPCI, transformed how transactions are conducted in India. It facilitates instant money transfers through mobile devices, ensuring convenience and security. Users can link multiple bank accounts and make various payments, such as bills, groceries, and dining, with ease. The article provides detailed insights into making the most of UPI services.
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How sectoral rotation can help you make money in an expensive market
Given the high valuations, sector rotation is an effective strategy. This involves reallocating investments from overvalued sectors to those with more attractive valuations. For example, while IT and Financial Services have seen significant run-ups, sectors like Pharmaceuticals, Infrastructure, and Energy still offer attractive entry points given their growth potential and alignment with India’s economic development.
IPO-bound Smartworks Coworking Spaces posts Rs 50 crore loss last fiscal on higher expenses
According to the DRHP, the company's net loss stood at Rs 49.95 crore in the 2023-24 fiscal, down 50 per cent from Rs 101 crore in the preceding financial year.
Nine money tips for college students
Try your hand at saving. You may not have long-term goals, but anything that needs a lump sum in future, requires advance planning. You might want to take a holiday with friends. From finding out where to cut back, to rearranging your spending to prioritise this goal, you will find yourself making tough financial decisions. Real life involves this exercise more often than not.
SC diktat on past dues of mines will adversely impact job creation, lead to NPAs: Chakri Lokapriya
Chakri Lokapriya points out that the Supreme Court's ruling on past dues of mining dues will result in significant financial burdens for both PSUs and private companies, totaling Rs 1,60,000 crore over the next 10-12 years. This will impact their capital expenses, job creation, and increase non-performing assets in the banking sector.
Rs 25 lakh salary 'too little' for a family of 3, claims investor; Internet says 'get yourself tested'
Investor Sourav Dutta sparked a heated debate on social media by claiming that a Rs 25 lakh annual salary is insufficient to sustain a family of three. Dutta outlined his budget, suggesting that nearly all income would be consumed by essentials, entertainment, and medical expenses, leaving nothing for savings. His comments drew both support and criticism, with many users challenging his calculations and priorities.
Hindalco Q1 net profit rises 25% to Rs 3,074 crore, board appoints Ananya, Aryaman Birla
KM Birla-promoted Hindalco Industries on Tuesday reported a 25.3% rise in consolidated net profit for the quarter that ended June 2024, on the back of operational efficiencies, and lower input costs, the company said.
Pakistanis struggle with monthly expenses: 60 pc urban population cut back on groceries, 10 pc have two jobs
Pakistan's economic woes have deepened, with 74% of urban dwellers unable to meet monthly expenses, up from 60% in May 2023. A Pulse Consultant study noted many cut back on essentials or resorted to borrowing. The national debt is expected to grow significantly, reaching $446.61 billion by 2029. High fiscal deficits have led to increased debt payments, stalling development initiatives. Pakistani ministers recently sought debt relief from China and secured a preliminary IMF agreement for a USD 7 billion bailout to stabilize the economy and reduce energy costs.
74% Pakistanis unable to meet expenses; 10% doing two jobs: Report
The survey of Pakistan, a country with roughly 240 million population, also highlighted that more than half, 56 per cent, of those who are just managing to cover their expenses, are unable to save any money after meeting their basic needs.
What is the difference between regular and direct mutual funds?
A growth option is suitable for investors who are not seeking Income Distribution cum capital withdrawal. This option focuses on capital appreciation and compounding impact for the investors. On the other hand, the IDCW option provides investors with regular income in the form of dividends.
Nippon Life India AMC fined for violating rules on total expense ratio
The Securities and Exchange Board of India (Sebi) fined Nippon Life India Asset Management Company and its trustee ₹3 lakh for TER rule violations. Sebi discovered that the asset manager charged insufficient expenses to the actual expenses incurred by five ETFs. Nippon Life AMC defended the charges, stating there was no clear restriction on AMC bearing such expenses.
Sebi fines Nippon Life India AMC, trustee for charging scheme expenses to AMC's books
The market watchdog imposed a fine of Rs 2 lakh on Nippon Life India Asset Management Limited and Rs 1 lakh on Nippon Life India Trustee Limited. They were held guilty in violating total expense ratio (TER) norms prescribed by the regulator
High uncertainty despite India growth story, reveals survey
Surging expenses and career progression are the biggest causes for concern, claims the Anishchit Index 2024 study.
Eveready Industries Q1 Results: Net profit rises 18% YoY to 29.3 crore, revenue dips 4%
Eveready Industries India saw an 18.1% increase in Q1 net profit, reaching Rs 29.36 crore, while revenue declined by 3.9% to Rs 349.37 crore. The company attributed the revenue dip to multiple factors, including a high base effect and a slowdown in some products, but highlighted gains from premiumisation and innovation.
Explainer: What is the difference between an index fund and an exchange traded fund (ETF)?
Over the past eight years, passive managed funds have gained popularity due to their cost-effectiveness and transparency. These funds, including index funds and exchange-traded funds (ETFs), replicate benchmark indices. The article explained the differences between index funds and ETFs, including requirements for demat accounts, expense ratios, and trading flexibility, making passive investing accessible to more investors.
Aurum PropTech Q1 net loss 10.7 cr in April-June, revenue up 45%
Aurum PropTech, controlled by Aurum Ventures, reported a net loss of Rs 10.7 crore for Q1 June, improved from Rs 16.1 crore a year ago. Total income rose 45% to Rs 69.10 crore, and operating profit surged 6.7 times to Rs 12 crore. The company recorded a 68% revenue growth for FY 2023-24 and expanded its rental platform to 30,000 units.
Tata Play FY24 results: Net loss widens to Rs 353.9 crore, revenue dips 4.3%
Tata Play, previously known as Tata Sky, reported a widened loss of Rs 353.9 crore with a 4.32% decline in revenue. Plans for an IPO were delayed due to regulatory issues. The company's financial performance in FY24 shows a challenging year.
Confident of achieving 45-55% growth this financial year: Avinash Godkhindi, Zaggle Prepaid
So, it is great that more and more people are coming into the formal sector and organised employment. And as they come into organised employment, they get PF, ESIC, they pay your taxes and eventually they want to save on those taxes.
Mutual fund investing: What is total expense ratio?
If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the sixth part of this series, Riju Mehta explains what total expense ratio means in mutual funds.
Explained: Expense ratio in mutual funds and how your money is spent
In other words, it is the per-unit cost of running and managing the mutual fund. The expense ratio differs from fund house to fund house. The expense ratio is calculated as a percentage of daily investment value.
HDFC Small cap mutual fund is lagging behind the index and its peers sharply; what should investors do
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
Top features of personal loans and the factors to consider before getting one
All you need to know about personal loans and what you should keep in mind before opting for one.
IRDAI relaxes procedural norms on expense of management, share transfer
IRDAI introduces new Master Circular, streamlining application procedures, ESOPs compliance, share transfers, and specifying timelines for prior approval and amalgamation guidelines. Reporting for capital forms and lock-in periods clarified.
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