All money lost in IDFC First Bank fraud recovered: Haryana CM

Haryana Chief Minister Nayab Singh Saini Photo credit: ANI Haryana Chief Minister Nayab Singh Saini on Tuesday informed the State Assembly that the state government had recovered nearly ₹556 crore owed to it in the IDFC First Bank case. “Nearly ₹556 crore, including nearly ₹22 crore in interest, was returned within 24 hours,” Saini said […]

A river in Egypt… – The best interest

Don’t miss an episode of our podcast, Personal finance for long-term investors. Tune in: Now, here’s today’s article: Denial is a psychological defense mechanism in which the mind refuses to accept reality or facts to avoid painful emotions, fear or stress. It acts as an unconscious protective barrier, allowing individuals to ignore, minimize, or rationalize […]

IDFC First Bank remains stable after Monday’s defeat, share trading remains flat

Shares of IDFC First Bank traded largely flat on Tuesday morning, a day after the stock crashed nearly 19 per cent, trading at ₹70.16 on the NSE as of 10.22 am, just 0.17 per cent higher than Monday’s closing price of ₹70.04. The stock opened at ₹69.89, hitting a high of ₹70.83 and a low […]

$58.3 Million Pacific Life Settlement: Deceptive IUL Illustrations (claim before April 10)

Quick answer: Pacific Life has agreed to a $58.3 million settlement over allegations that it sold indexed universal life insurance policies using illustrations that made the products look far more profitable than they actually were. If you purchased a Pacific Discovery Xelerator (PDX) policy in California between 2016 and 2019, you may be eligible for […]

Wall Street ends sharply lower amid AI move fears and revived rate fears

Wall Street stocks tumbled on Monday as continued fears of artificial intelligence-related disruptions and the fallout from Friday’s U.S. Supreme Court ruling sent investors fleeing high-risk stocks. A broad sell-off left all three major U.S. stock indexes down more than 1% at the closing bell, as risk appetite was dampened by a combination of lingering […]

The Real Truth About the Financial Aid System with Mark Salisbury

Financial aid expert Mark Salisbury is back this week for session 2 of his powerful three-part series. In this session, The Real Truth About the Financial Aid System, Mark will explain how financial aid works in plain language. He will show teachers how the system actually works, help you understand what students may (and may […]

Star Health Insurance sees 50% increase in demand for new policies after GST cut on health insurance

Anand Roy, MD and CEO, Star Health and Allied Insurance Company Ltd, at the launch of Arogya Seva Kendras in Chennai | Photo credit: BIJOY GHOSH Chennai-based Star Health Insurance has seen a surge in demand after the abolition of the Goods and Service Tax (GST) for health insurance in September last year. The standalone […]

IOB officials call for strike on March 2, demanding work-life balance and the right to disconnect

The Association added in a statement that repeated statements highlighting concerns about morale, mental well-being and institutional functioning have not received an adequate response | Photo credit: RAGHUNATHAN SR The Indian Overseas Bank Officers’ Association (IOBOA), comprising about 13,000 public sector bank members, has called for a pan-India strike on March 2 over poor work […]

How to protect your aging parents’ finances without taking over

Editor’s note: This story originally appeared on Boldin. For many people, retirement planning ultimately expands beyond their own finances. It is also beginning to include older parents and other family members, and concerns about whether they are making good financial decisions. This can be an uncomfortable area. Money is personal. Independence is important. And no […]

Star Health Insurance sees 50% increase in demand for new policies after GST cut on health insurance

Anand Roy, MD and CEO, Star Health and Allied Insurance Company Ltd, at the launch of Arogya Seva Kendras in Chennai | Photo credit: BIJOY GHOSH Chennai-based Star Health Insurance has seen a surge in demand after the abolition of the Goods and Service Tax (GST) for health insurance in September last year. The standalone […]