Author: TI Editor

New Delhi, Mar 11 (PTI) There have been a few detections of Aflatoxin, a toxic substance, in rice consignments exported from India to the European Union (EU), but the country has been complying with the requirements of the importing nations, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that the maximum residue levels (MRLs) for ‘Aflatoxin B1’ for rice, has not been revised by the EU in the recent past. “There have been a few detections of Aflatoxin…in rice consignments exported from India to the…

The Indian stock market continues to remain volatile due to the ongoing geo-political issues such as: Trump’s tariff threat, Russia-Ukraine war, global inflation, high interest rates etc. All these issues have cumulatively resulted in India’s benchmark Nifty 50 index suffering a swift correction of more than 10% over the last six months. Nifty 50 has now lost more than 3500 points from its all time peak of 26,278 points.Due to this intense correction, the Indian markets are now attracting investors again and many are considering taking personal loans to leverage their investments. This is a high risk strategy and should…

Ex-Facebook chief operating officer (COO) Sheryl Sandberg has spent nearly $13,000 on lingerie for herself and a young female assistant on a Europe trip. It is alleged that Sandberg urged her assistant to “come to bed” on a private jet flight, according to a report by NYPost citing a new memoir.These claims are made in a book titled “Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism,” published by Sarah Wynn-Williams, a former Facebook employee.Williams alleged that Sandberg and her 26-year-old assistant took turns sleeping on each other’s laps during a long drive to Europe.Sandberg asked Williams to…

Metal credit cards since very long back have been a symbol of luxury and class in high-end finance products. Apart from their elegant looks, they also carry a handful of privileges specially loaded to entice the mini-set of high-value customers.Thus, one looking to upgrade his/her wallet should know what metal credit cards are and how they are different from the traditional plastic memories one has used.What is a metal credit card?They are made from some form of alloys like stainless steel or combinations of some metal alloys, unlike traditional plastic cards. In the past, more than two decades, when metal…

(Bloomberg) — The UK’s Financial Conduct Authority said it’s now considering implementing a redress scheme that banks would have to follow if they discover consumers were harmed by historic practices in their motor finance businesses.   The regulator had previously said it hoped to introduce an alternative way of dealing with complaints tied to the saga, but it now believes a redress scheme would be simpler for consumers looking to bring forward a complaint, according to a statement Tuesday.  The regulator’s ultimate decision on the matter depends on a case that will be heard before the country’s Supreme Court in…

Full Truck Alliance Co. is preparing to expand into Central Asia after getting its wings clipped by domestic regulators a few years ago, joining a growing number of Chinese tech companies seeking new markets abroad.  The SoftBank Group Corp.-backed firm, which connects truckers with customers looking to ship goods, is also considering floating its cold-chain grocery business in Hong Kong, or eventually a second listing for the entire company, Chief Financial Officer Simon Cai said. For now, growing the international arm is the priority, though it intends to expand prudently. New York-listed FTA could work with local partners or invest…

When considering the sale of significant investments like shares and securities, vacant plots, and house properties, the timing of the transaction can have substantial financial implications. From the point of view of tax planning, the end of the fiscal year is the most important time to plan the sale of assets.  Many equity investors conduct tax harvesting of both gains and losses in March before the fiscal year ends. One other, though less famous, tax planning exercise to carry out in March is planning property sales.  Those due to sell property in March should consider deferring the sale to April…

Various loyalty programs, such as frequent flyer programs (FFPs) of airlines and hotel loyalty programs, offer points transfer bonuses from time to time. These offers are in partnership with banks, wherein credit cardholders can transfer their reward points to the loyalty program and get additional bonus points. Maharaja Club, the frequent flyer program of Air India, has come up with a similar offer. Club Maharaja is offering up to a 50% bonus for converting credit card reward points into Maharaja Points. In this article, we will look at the details of this offer and whether you should avail it.What is the…

Credit cards are crucial for Indians, offering easy access to credit and helping build a strong credit history. The total number of credit cards in India is projected to grow and reach 200 million by FY28-29, growing at a CAGR of 15% according to a report by PwC.Over the last five to six years the credit card industry has doubled its issuances and this trend is expected to continue. Still, credit card usage has declined due to the popularity of UPI and less lucrative reward programs.Also Read | What’s the catch? Why banks keep pushing credit cards on youRegular, responsible…

As India’s household debt continues to grow, many consumers are faced with a pressing financial question: whether to pay off debt or invest their extra cash?This dilemma is particularly pertinent in today’s economic backdrop, where issues such as: interest rates, repayment terms and potential investment returns play extremely important roles. That is why it is crucial to first clearly understand the terms and conditions of your debt. Apart from the same the following aspects are also required to be taken into consideration:First focus on your financial situationBefore making a decision, it’s essential to assess and understand your financial situation thoroughly.…