Oil crawls back towards 7-week low-mark after US Fed keeps rates at 23-year high; Brent at $83/bbl

Oil crawls back towards 7-week low-mark after US Fed keeps rates at 23-year high; Brent at $83/bbl

Oil edged back towards the previous day’s seven-week low-mark on Thursday, May 2, paring earlier gains, after US data pointed to persistent labour market strength which further diminished hopes of early decline in US interest rates. Brent crude futures for July were up 40 cents, or 0.5 per cent, at $83.84 a barrel heaving earlier … Read more

ChatGPT advises investors with high risk appetite to invest in cryptos. Should you take the plunge?

ChatGPT advises investors with high risk appetite to invest in cryptos. Should you take the plunge?

If you ask ChatGPT, the popular artificial intelligence (AI) chatbot, about the most feasible investing option one could explore as a high-risk investor, it promptly asks you to put your money in cryptocurrencies, among other options.  Not only does it suggest investing in cryptos, but it also shares with the inquisitive user the key reason … Read more

Cipla, Aurobindo, Torrent are 3 preferred picks of HSBC on healthy Q4 expectations

Cipla, Aurobindo, Torrent are 3 preferred picks of HSBC on healthy Q4 expectations

The strong growth in the US markets led by large product launches has helped drive earnings growth leading to gains for Sun Pharma, Lupin ,Dr Reddy’s  , Aurobindo , Cipla , Torrent  , Zydus and share prices of others too. The growth in base business in the US that had remained under pressure for many … Read more

UPI transaction volume declined to ₹19.64 lakh crore in April. Check Details

UPI transaction volume declined to ₹19.64 lakh crore in April. Check Details

Volume of Unified Payments Interface (UPI) transactions fell to ₹19.64 lakh crore in the month of April against ₹19.78 lakh crore in the preceding month. In terms of transaction count, the number fell to 13.30 billion from 13.44 billion in March. When compared with April last year, the number of transactions saw a growth of … Read more

7 ways to use your annual bonus to accelerate your financial planning journey

7 ways to use your annual bonus to accelerate your financial planning journey

Use a small portion to treat yourself Before you get down to the business of using the annual bonus for financial planning, you may set aside 10-20% of it. You can use this amount to treat yourself and your family. It is your well-deserved bonus for which you worked hard the entire year. Hence, you … Read more

Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 2

Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 2

The trends on Gift Nifty indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,740 level, a premium of nearly 25 points from the Nifty futures’ previous close. On Tuesday, the domestic equity indices ended lower with the Nifty 50 holding above 22,600 level. The Sensex fell 188.50 points … Read more

How choosing a registered investment adviser helped this family manage its finances

How choosing a registered investment adviser helped this family manage its finances

Choosing the right financial adviser is pivotal in managing one’s finances effectively. And Mumbai resident Balpreet Singh decided early on that he would need the help of an adviser. He then sought the services of Abhishek Kumar, a fee-only Sebi registered investment adviser (RIA) based in Bangalore. Kumar analyses Singh risk appetite and tailored a … Read more

NYCB’s estimate-topping profit forecasts fire up battered shares

2025, 2026 EPS forecast above estimate * Uninsured deposits make up 16% of total * CEO promises “clear path to profitability” (Adds analyst comment in paragraphs 11-12, updates share price in paragraph 1) By Niket Nishant and Manya Saini May 1 (Reuters) – New York Community Bancorp forecast far better-than-expected profit for the next two … Read more