Flipkart rolling out own payments app ‘Super.money’
The app identifies DMI Finance, Axis Bank and Credit Saison India among its partners on its website. E-commerce giant Flipkart has started rolling out its... Key Points
The Tribune IndiaAfter 3-hour questioning, ED arrests TMC's Shahjahan for non-cooperation
India News: Sheikh Shahjahan arrested after non-cooperative questioning. Faces 15-16 land grabbing complaints. ED seeks custody in Rs 12 crore properties attached Key Points
Times Of IndiaCrew: 3 important money lessons from this Tabu, Kareena and Kriti starrer
The film ‘Crew’ is an almost funny take that mirrors real life events. Tabu, Kareena and Kriti fly Kohinoor Airlines and their lives consist mostly of the question, ‘Veg or Non-veg?’. Here are three important lessons you can learn from the movie. Key Points
mintWhat happens to assets, cash seized by ED? A pre-poll promise by Modi sets off debate
Modi said ‘Rs 3,000 cr seized by ED will be returned to poor’ if BJP wins LS polls. ThePrint speaks to experts to find out if govt can give away assets seized by ED under PMLA. Key Points
ThePrintHave you found a ₹500 note in Delhi yet? Meet the mastermind behind it
Reels on Instgram asking Delhiites to find a ₹500 note hidden at random spots across the city, are going viral on social media. Here's the story from BTS. Key Points
Hindustan Times
‘Money trail to BJP account…’: AAP flags massive electoral bond donation by Sharat Chandra Reddy, seeks Nadda's arrest
AAP questions lack of money trail in excise policy scam, accuses BJP of receiving funds through electoral bonds. Atishi challenges PM Modi and ED to arrest BJP president JP Nadda over the issue. Key Points
mintMaster Market Cycles: Recognize patterns, time investments
A common mistake investors make is trying to predict when to buy and sell stocks. Understanding how markets move can help us make smarter decisions about where to put our money. Key Points
Economic TimesPaying a price for sending money: The global impact of remittance fees and solutions
Barada Talukdar, a Kuwaiti mud specialist, uses Al Mulla Exchange to send money to his family and friends in Kuwait. However, the exchange rate fluctuations and commissions can be confusing for blue-collar workers like his cook. At the World Trade Organisation's ministerial conference (MC13) in Abu Dhabi, New Delhi discussed the issue of exorbitant fees for crossborder remittances. About 20 nations from Asia, Latin America, and Africa had spoken in favor of India's proposal to cut the cost of remittances. Key Points
Economic TimesBlack money won’t disappear. But bad ideas like wealth & estate taxes will make it grow
Black money will stay with us till the end of time. We can only reduce it, minimise its distorting effects on our economy, and ensure that the poor are not bearing disproportionate costs. Key Points
ThePrintElectoral bonds: It’s time for a reality cheque
Read the latest news on electoral bonds and their impact on political funding in India. Explore the pros and cons of electoral bonds and their role in transparent political funding. Key Points
Times Of India
Why you need to invest, instead of saving
The money that you are saving is an asset that has the potential to generate higher returns, which will help him reach his goals faster. The amount that will have to be set aside from the current income will come down since the returns that will be generated will add to the corpus being created for their future needs. Key Points
Economic TimesQuishing’s here, look before you QR code
India Business News: Learn how to protect yourself from QR code scams and cyber criminals. Follow these tips to stay safe while using digital payment platforms and avoid falling prey to frauds. Key Points
Times Of IndiaSebi's dilemma: There exists a fine line between finfluencing and free speech
It is lawful to offer a public opinion on investing, just as it’s okay for a brand endorser to hawk products on TV. Recipients of advice must exercise judgement. Key Points
mintYour money Is Funding Fossil Fuels Without You Knowing It
Banks use your deposits to make loans to carbon-intensive industries. A new analysis finds that $1,000 in your account creates emissions equal to a flight from NYC to Seattle. Key Points
WIREDGoogle plans to allow more real-money games in India on Play Store, will charge service fees
Google is planning to support more real-money games on Play Store. The search giant will begin rolling out the program with just India, Mexico and Brazil in June 2024. Key Points
India Today
Pune based engineer loses Rs 20 lakh after liking social media posts, here is what happened
A Pune-based IT professional lost Rs 20.32 lakh to an online scam involving paid tasks on social media. Key Points
India TodayTime to book some profit in real estate, auto stocks and Vodafone; 2 stocks to buy now: Sanjiv Bhasin
Sanjiv Bhasin says: “Be cautious of some of the outstretched valuation and when you get these big brokerage calls of absurd returns, you should be selling. Right now, if I have comfort it is in some of the PSU oil marketing companies, some of the pharma names. And if you want I can suggest two names which I think can outperform from here.” Key Points
Economic TimesYour money Is Funding Fossil Fuels Without You Knowing It
Banks use your deposits to make loans to carbon-intensive industries. A new analysis finds that $1,000 in your account creates emissions equal to a flight from NYC to Seattle. Key Points
WIREDPune techie clicks on social media ad, ends up losing over Rs 17 lakh
A 34-year-old techie from Pune clicked on a social media ad in hopes of making some extra money. However, he fell prey to an online scam and ended up losing over Rs 17 lakh. Key Points
India TodayYour money Is Funding Fossil Fuels Without You Knowing It
Banks use your deposits to make loans to carbon-intensive industries. A new analysis finds that $1,000 in your account creates emissions equal to a flight from NYC to Seattle. Key Points
WIRED
2023 was ‘ulta pulta’ year; 2024 will be largely about largecaps & FIIs: Saurabh Mukherjea
The sheer amount of money foreign investors make wont go into smallcaps so much; it will end up going into the larger stocks and we are hoping that Consistent Compounders will continue to make money from that. We are up 26% this fiscal in CCP. We manage roughly a billion dollars with our clients and we are hoping that as FIIs return, that 26% will be further augmented by FII flows. Key Points
Economic Times5 financial mistakes young earners make
As you step into the spending and investing universe, you are likely to falter. Here are some missteps you should avoid. Key Points
Economic TimesHow to handle financial disparity with your siblings
Is it really necessary to be lenders and borrowers within the family? Given the widespread availability of personal loans and credit cards, informal loans may no longer be needed. If you must cede a request for money, give an amount you wont care about losing. If that is not possible, lend without interest. Key Points
Economic TimesFamiliar agents, lure of big bucks: How Sahara investors fell for ‘mega fraud’, await dues decade later
Lakhs of Sahara investors plan Delhi protest next month seeking refunds. The refund process under way, they allege, is riddled with issues, with ‘simple paperwork stymying applications’. Key Points
ThePrintMidcaps and smallcaps will continue to drive the rally upwards: Deepak Shenoy
“ I continue to think local domestic money that is coming in mid and smallcaps will continue to fuel, it if it has to keep going ahead. From January onwards, results will show us how good the Diwali season is and if Diwali was really good in terms of earnings, we should see the consumer durables or the staple sector start to take more weight in the movements going forward.” Key Points
Economic Times
ED searches DLF’s Gurugram office in connection with money laundering probe against Supertech
Agency did not officially comment on DLF’s connection with the Supertech case. The searches are connected to the inquiry into the money diverted by Supertech builders, it is learnt. Key Points
ThePrint‘BJP transfers money into Adani's pockets’: Rahul Gandhi in poll-bound Rajasthan
Rajasthan will witness a single-phase election on November 25. The counting of votes will take place on December 3. | Latest News India Key Points
Hindustan TimesDiwali scam alert! Scammers are now using advertisements of Dove, CHANEL and others on YouTube to trick people
Beware! WhatsApp users. Scammers are now exploiting the festive season to trick people into performing tasks for money on YouTube. If you have received any festive greetings with a tempting opportunity, DO NOT fall for it. Key Points
India TodayLadli Behna scheme has women rallying behind Shivraj, but not all men are happy
Financial assistance scheme touted as 'game change' by BJP leaders, seen as 'blessing' by women. But while Congress writes it off as 'handout', disgruntled men say it's 'just a lollypop'. Key Points
ThePrintSpending vs. Saving: My partner and I don't always agree
When it comes to spending or saving money, my partner and I don't always agree. But we've been together 10 years and make our budget work. Key Points
Insider
Enough material against Naresh Goyal, wife to show their complicity in bank fraud case: Court
Besides the Goyals, the central probe agency has named four companies --Jet Airways (India) Ltd (JIL), Jetair Pvt Ltd, Jet Enterprises Pvt Ltd and Jet Airways LLC, Dubai -- as accused in the case. M G Deshpande, the special judge hearing cases filed under the Prevention of money Laundering Act (PMLA), took cognizance of the chargesheet on November 1, while a detailed order was made available on Friday. Key Points
Economic TimesTime for Tata Steel, Hindalco to join metal rally; prefer Ashok Leyland to Tata Motors: Sanjiv Bhasin
“Tata Motors, Maruti, TVS and Hero MotoCorp are all hitting new highs. But rather than Hero, I will go with Bajaj Auto. And not Tata Motors, I would put my money on Ashok Leyland. They have garnered more market share. Tata Motors is the institutional favourite but I would put my money on Ashok Leyland.” Key Points
Economic TimesItaly police take down Chinese shadow network laundering mafia cash
Italian police arrested 33 people on Wednesday in a new crackdown on a network of Chinese money brokers who allegedly laundered over 50 million euro ($52.5 million) from drug trafficking groups, including the 'Ndrangheta mafia. Key Points
ReutersGhaziabad woman tries making extra money by liking YouTube videos, loses Rs 13 lakh
A Ghaziabad-based woman lost Rs 13 lakh after she tried earning some extra money by liking YouTube videos. The scammers had approached her via text message. Key Points
India TodayLalu Yadav recalls being ‘lured’ by PM's ‘ ₹15 lakh offer', slams BJP govt
The RJD supreme was speaking at the press conference held in Mumbai after the two-day I.N.D.I.A. bloc meeting ended. | Latest News India Key Points
Hindustan Times
'Rigged' games, billions in play, and 2 partners from Bhilai — ED probe in Mahadev online betting case
Policeman, 2 hawala operators arrested. IPS officers, officials linked to Chhattisgarh CMO under lens. Raids at locations including premises of CM Baghel’s political adviser Vinod Verma. Key Points
ThePrintWhat will be the important pillars that will take the India story ahead? DP Singh answers
So that is something which gives me a lot of confidence. And the kind of self-confidence which I see in a normal Indian today, in a common man today, it speaks the story of India's growth so that gives me confidence that after 66 years we are really-really financially independent. Key Points
Economic TimesKerala lottery: Women sanitation workers hit India lottery jackpot
Eleven women from India's Kerala state win a 100m rupee ($1.2m) lottery after pooling their money. Key Points
BBC NewsKerala man loses ₹40k to AI-enabled deep-fake fraud
A 73-year-old man in India fell victim to a deepfake scam after receiving a call from someone impersonating his former colleague and asking for money. The scammer used deepfake technology to create a video call in which the impersonator's face and voice matched the victim's former colleague. The victim transferred money before realizing he had been tricked. Police have traced the money to an account in Maharashtra and are investigating further. This is the first reported case of a deepfake scam in India. | Latest News India Key Points
Hindustan TimesIT engineer from Pune loses Rs 49 lakh in YouTube scam, got part-time job offer on WhatsApp
A Pune-based IT engineer lost Rs 49 lakh after she tried earning some extra money by liking YouTube videos. The scammers had approached her via WhatsApp. Key Points
India Today
Gurugram man loses Rs 25 lakh after trying to get a job through Telegram, here is what happened
A Gurugram-based man lost around Rs 25lakh when he tried to earn some money by getting a work from home part-time job. He had received the offer via popular message app Telegram. Key Points
India TodayHow easy money killed the great housing dream
Homes and apartments, all over the world, have just become too expensive for the youth to buy.During periods of economic crisis, central banks fall back on money printing with a vengeance. This easy money leads to all kinds of bubbles—in stocks, real estate and cryptos. Key Points
mintHyderabad woman left with no money in bank after her 16-year-old son spent Rs 36 lakh on mobile gaming
A 16-year-old boy from India has emptied the bank account of his mother. The woman lost about a whopping Rs 36 lakh because her son wanted to continue playing online games on phone. Key Points
India TodayView: India is once again making money a plaything
In November 2016, Prime Minister Narendra Modi shocked the world by outlawing the 500 ($6) and 1,000 rupee bills in which the country held 86% of its cash. This time, the coup de grâce has fallen on the 2,000 rupee banknote. Since it accounts for only 11% of the currency in circulation, and people have until Sept. 30 to change them into other denominations, its not as big a problem as the draconian ban back then. Key Points
Economic Times