Zomato employees once took a 20% salary cut when times were tough. That later became a 30X fortune, recalls ex-stafferDuring Covid, Zomato employees accepted salary cuts after the company’s food delivery business nearly shut down and it had only 45 days of ...
Fee on UPI P2M payments: How this “small” 0.4% fee can take a bigger bite out of your moneyStarting from October 15, 2026, a new 0.4% transaction fee will be applied to UPI payments exceeding Rs 2,000, while lower amounts and peer...
Mary Zmudowski was a California schoolteacher when she donated 155 acres of coastal land to the state in 1950; today it is a 220-acre state beach bearing her nameZmudowski State Beach, a treasured spot north of Monterey, owes its existence to Mary Zmudowski's generous donation in 1950. While facing t...
Investing in major AI stocks at Wall Street? Factors to watch out before hitting Buy optionAI borrowing and investing continues. Hyperscalers have issued around $250 billion of debt this year, and that total is expected to rise sh...
Quote of the day by Irving Fisher: "A chief cause of crises, panics, runs on banks, etc., is that risks are not independently reckoned, but are a mere matter of imitation. A crisis is a time of general and forced liquidation"Economist Irving Fisher warned that investors copying one another can amplify financial risks. Rising optimism can fuel credit and asset pr...
In 1969, Dick Fuld joined Lehman Brothers and amassed 10.8 million shares. 39 years later, its bankruptcy turned a stake once worth over $900 million into almost nothingBy early 2007, Dick Fuld held 10.8 million shares of Lehman Brothers. With the stock trading above $85, his personal equity stake crossed $...
Fed rate hikes: What happens to gold prices when US interest rates rise?Cutting through money jargon, one topic at a time. This week Abhinav Kaul explains why US interest-rate hikes can affect gold prices, and w...
ETMarkets Smart Talk| How to find India’s next multibaggers? Pritam Deuskar explains his GIANTS frameworkTo achieve successful long-term investments, investors should target companies with a competitive edge. Pritam Deuskar introduces the GIANT...
Market crash near or after retirement: Invested heavily in equities for high returns, but are you ready to withstand a 25% crash?Navigating the unpredictable tides of market fluctuations can be particularly daunting for retirees. This guide delves into balancing equit...
UN General Assembly: Iran talks, Ukraine ceasefire and AI among key takeawaysWorld leaders gathered at the United Nations to discuss ongoing conflicts in Iran and Ukraine. Diplomatic talks between US and Iranian offi...
Why bond yields are rising and why everyone should careThe bond market has witnessed unprecedented yield levels, peaking at heights not seen in two decades, leading to increased borrowing costs ...
'The Big Short' fame Michael Burry bets on copper. Is red metal heading for a hot rally?‘The Big Short’ fame Michael Burry has disclosed a long position in copper producer Ero Copper, as supply constraints, falling inventories ...
Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRAState-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices s...
Have you ever wondered what would happen if a Social Security payment suddenly turned into a $20,000 debt? One 82-year-old woman’s notice made her daughter look closer at the finances she thought she knewThe letter arrives without warning, stating that the Social Security Administration has paid a beneficiary $20,000 more than they were enti...
23 firms race to launch IPOs worth Rs 40,775 crore before September 30 deadlineAround two dozen companies must launch their IPOs by September 30. These firms need to start the share sale process or refile offer documen...
US economy enters higher-rate era as inflation, AI boom persistThe US economy may be entering a prolonged period of higher interest rates as persistent inflation, government borrowing and massive AI inf...
West Asia crisis: National Highways Builders Federation seeks 3-month extension of road relief measuresNHBF has sought a three-month extension of relief measures until December, citing continued West Asia crisis-related volatility in fuel, lo...