IndiGo, the leading airline in India, recently made headlines by announcing the withdrawal of the fuel charge imposed on passengers. This decision, effective from January 4, marks a significant shift in the airline’s pricing strategy and is expected to have substantial implications for travelers. Understanding why IndiGo chose to retract the fuel charge and the…
Mirae Asset Mutual Fund, a prominent player in the investment landscape, has recently made headlines by temporarily suspending multiple investment avenues in its overseas schemes. The decision impacts various options such as lumpsum subscriptions, fresh systematic investment plans (SIP), and systematic transfer plans (STP) within funds like Mirae Asset NYSE FANG+ ETF Fund of Fund,…
In a groundbreaking move set to significantly impact the agricultural landscape of the country, the Indian government is deliberating a substantial raise in the allocation per farmer under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana. Reliable sources have disclosed to CNBC-TV18 that the government is considering elevating the annual allocation from the existing ₹6,000…
Thailand, a renowned destination for its vibrant culture, scenic landscapes, and bustling nightlife, has recently unveiled a strategy aimed at revitalizing its tourism sector. The country’s decision to implement tax cuts on alcoholic beverages and entertainment venues, particularly nightclubs, has sparked discussions about its potential impact on the tourism industry. While these measures seem poised…
Flight cancellations due to weather conditions can significantly disrupt travel plans, leaving passengers stranded and facing unexpected expenses. In such instances, having travel insurance can serve as a crucial lifeline, offering financial protection and assistance during unforeseen circumstances. This article delves into the significance of travel insurance when flights are canceled due to weather conditions,…
Booking flight tickets is often seen as the final step in securing our travel plans. However, the process doesn’t end there. During web check-in, many airlines demand additional fees for seat selection, leaving passengers feeling compelled to pay, whether they desire it or not. This issue was recently spotlighted in the Lok Sabha, prompting the…
The National Asset Reconstruction Company Limited (NARCL) witnessed a pivotal change in leadership as P Santhosh, the Chief General Manager at Canara Bank, stepped into the role of Managing Director effective January 5. This significant appointment came in the wake of Natarajan Sundar’s resignation from the post of MD and CEO of NARCL, leaving many…
Jyoti CNC Automation, a prominent manufacturer of Computer Numerical Control (CNC) machines based in Gujarat, is gearing up for its much-anticipated initial public offering (IPO). The company has set the stage for its IPO with significant details unveiled for potential investors. Let’s delve into the specifics of this IPO, shedding light on the price band,…
Navi Mutual Fund, a prominent player in the financial market, recently announced significant alterations in the names of two of its hybrid schemes, impacting their identification for investors. This move, effective from January 1, reflects the fund’s commitment to compliance and clarity in scheme categorization. Also Read: How Did Sachin Tendulkar’s Investment in Azad Engineering Skyrocket?…
In November 2023, several mutual fund houses strategically maintained cash allocations exceeding 10% of their assets under management (AUM). This deliberate choice aimed to offer flexibility for potential investment opportunities and to tackle unforeseen redemption pressures. Let’s delve into the specifics of these funds and explore the broader context of cash allocations in the mutual…