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Latest news on Personal finance, mutual funds, investments, insurance, tax, schemes for senior citizens, retirement planning, and other financial aspects. Gain insights on financial planning and other financial aspects from Outlook Money Magazine.
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News
Irdai Fines ICICI Lombard Rs 1 Crore Over Outsourcing And Governance Lapses
4+ day, 12+ hour ago (535+ words) Irdai imposed Rs 1 crore penalty on ICICI Lombard Vendor management and outsourcing lapses triggered the regulatory action Unallocated premiums and delayed free-look refunds also drew advisories The Insurance Regulatory and Development Authority of India (Irdai) has imposed a penalty of…...
Beyond The Vacation Reel: How Gen Z Is Building Wealth Through Homeownership
1+ week, 1+ day ago (418+ words) For lenders, this creates a clear responsibility. If younger Indians are entering the housing market earlier, access to credit has to become simpler, faster and more digital. Younger Indians are not simply choosing between enjoying life today and planning for…...
Leftover Forex After An International Trip? Here???s What Travellers Should Know
1+ week, 6+ day ago (450+ words) Exchange rates and conversion charges can reduce the final rupee amount. Travellers should track RBI rules and avoid delaying forex conversion. Returning from an international trip with some foreign currency left in the wallet is common. The amount may seem…...
Gen Z To Overtake Boomers In Spending By 2029: What It Means For Consumers
1+ week, 4+ day ago (146+ words) Gen Z spending could hit $12.4 trillion by 2036. Gen Z may overtake Boomers by 2029. Price, quality and convenience drive purchases. Gen Z is on track to become one of the most powerful consumer groups in the global economy. The spending of…...
Crude Oil Surge Hits OMCs, Paints, Aviation, and Tyre Stocks: Why Prices Slipped Today
1+ week, 4+ day ago (244+ words) Brent crude spiked above $95 amid escalating Middle East tensions. Nifty Oil and Gas index dropped over one per cent. Higher input costs severely squeeze paint, tyre, and airline margins. Crude sensitive stocks witnessed losses in early trade on September 2. While…...
CNG, PNG, Commercial LPG, And ATF Prices Hiked From September 1
1+ week, 5+ day ago (138+ words) ATF prices rose Rs 6.28 per litre from September 1. Commercial LPG cylinders became Rs 9.50 costlier across India. Mumbai CNG and PNG prices also increased from September 1. Aviation turbine fuel (ATF) prices for domestic airlines rose by Rs 6.28 per litre, or 5.46 per…...
Indian Markets Set For Volatile Session As MSCI Rejig Tests New Closing Auction
1+ week, 6+ day ago (453+ words) MSCI reshuffle could cause volatile swings in stocks during August 31’s closing auction CAS faces its first major test after recent expiry-day swings Fed rate hike bets, rising crude prices and HDFC Bank remain key market cues Indian stocks could…...
F&O Turnover Falls 22% In August As CAS, Higher STT Weigh On Trading Ahead Of NSE IPO
2+ week, 13+ hour ago (479+ words) NSE’s F&O volumes fell 22.60 per cent in August from July Index options premium turnover dropped 28.60 per cent, hurting NSE’s key revenue stream Tighter rules and CAS are cooling derivatives activity ahead of IPO Trading on the NSE’s derivatives segment…...
10 Years Of UPI: Transaction Value Rises More Than 4,000-fold Since 2016
2+ week, 6+ day ago (368+ words) UPI transaction value surged over 4,000-fold between FY2016-17 and FY2025-26. Annual UPI transaction volume increased nearly 13,000-fold over the decade. UPI now operates across 11 countries, expanding India's digital payments reach. UPI has completed 10 years, which marks a growth in India's digital payments…...
Young Adults And Family Wealth: Where Does Financial Independence Begin
3+ week, 11+ hour ago (454+ words) Family wealth can provide freedom, but should not replace personal income. For some young adults belonging to wealthy Indian families, earning a living may not be an immediate financial necessity. Parents may fund housing, education, travel or other expenses, giving…...