Three key milestones on the road to financial freedom

Financial freedom is built gradually through understanding, systematic investing and patience. Three milestones—moving from consumption to conviction, investing consistently and creating a financial legacy—can help investors build wealth, stay disciplined through volatility and align money with long-term goals.

Dollar falls on surprise drop in US retail sales

In July, US retail sales surprisingly took a dip, leading to a decline in the dollar’s value. This drop enabled the euro and sterling to soar to their highest levels in months against the greenback. Additionally, softer inflation indicators have lowered the market’s expectations for a potential rate hike by the Federal Reserve in September, […]

D-Street ends in red for a third week on West Asia deal delay, oil spike

The Indian equity market saw a decline on Friday, ending a lackluster trading week as geopolitical tensions and rising crude oil prices loomed over Dalal Street. With the benchmark indices marking their third consecutive week of losses, market apprehensions were evident. Despite this, the results season brought some volatility, with a notable interest from both […]

RBI to close FCNR(B) swaps a month earlier due to gush

The Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows. This adjustment follows a positive uptake of the swap facility linked to these deposits, with inflows surpassing previous totals. Meanwhile, the swap schemes for External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) […]

Wall St Week Ahead: With US Fed silent on next move, investors look to earnings to keep stocks afloat

Investors focus on corporate earnings to offset economic risks and rate concerns. Strong results, particularly from AI infrastructure spending, are bolstering market confidence. Companies are providing positive guidance, suggesting continued economic activity. Geopolitical tensions and oil prices remain potential inflation drivers. However, robust earnings are currently outweighing broader macroeconomic uncertainties.

Neo Wealth buys a 9.6% stake in Keertana Finserv

Neo Wealth Partners has taken a significant step by acquiring a 9.9% stake in Keertana Finserv for Rs 230 crore, reinforcing its commitment to the expanding gold loan sector. With the entry of major players like Bain Capital and Tata Capital, Keertana is poised for growth, targeting a portfolio expansion to Rs 6,000 crore by […]