Khyati DharamsiZareena Mistry, a 34-year-old Mumbai-based lawyer and her group of six friends were on their way to their hotel in Paris for a two-day halt before returning to India. That’s when Zareena realised that she had forgotten her bag at the airport.Back at the airport, the missing bag had caused the authorities to panic. Paris was on red-alert at that time; the security personnel assumed that it was a threat. They just blew apart the bag. They didn’t even open it.Close Her woes didn’t end there. related news Insurers can invest in debt ETFs subject to some conditions, says IRDAI Climate change impact: Rising sea levels may impact property prices in coastal areas Life insurers April-November new premiums jump 37.2%; LIC holds the reins She had to spend around 300 Euros (Rs 24,000) the next day in Paris shopping for a new suitcase and clothes. Items and clothes worth Rs 20,000 were in the suitcase that was blown apart. Her total loss: around Rs … [Read more...] about Your travel insurance may not cover many losses while on tour
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The Nifty is expected to open higher with a gap on December 12 following Asian markets, which were trading positive after the Federal Reserve signalled that rates were likely to remain accommodative.The Fed kept interest rates unchanged, as expected, at its policy meeting on December 11 but indicated interest rates would remain on hold, which nudged Wall Street stocks higher, reports Reuters.Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 45.5 points gain. Nifty futures were trading around 11,994 levels on the Singaporean Exchange.Close The Sensex rose 172 points to 40,412 and the Nifty closed with gains of 53 points at 11,910 on December 11. related news Market Live: Nifty above 11,950, Sensex up 150 pts; Yes Bank top gainer Early on D-Street | Bullish momentum to strengthen if Nifty manages to hold 11,832 What changed for the market while you were sleeping? Top 10 things to know The rupee appreciated seven paise to settle at a … [Read more...] about Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed
The Indian rupee gained in the early trade on Thursday. It opened higher 15 paise by at 70.69 per dollar against Wednesday's close 70.84.The rupee added 7 paise to end at a fresh one-month high of 70.85 against the US dollar on December 11 on the back of firm domestic equities and easing crude oil prices.Oil prices steadied on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in US crude inventories.Close Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about Rupee opens higher at 70.69 per dollar
India's mutual fund space witnessed an interesting dichotomy in November.Net inflows into equity mutual funds (MFs), including closed-ended schemes, stood at a mere Rs 933 crore against Rs 6,015 crore in the previous month, latest data released by the Association of Mutual Funds in India (AMFI) shows.On the other hand, investment in equity funds through systematic investment plans (SIPs) saw a strong momentum at Rs 8,273 crore.Close The fall in equity MFs net inflow is primarily due to redemptions in value funds, multi-cap funds and sectoral funds. related news Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed Bharat Bond ETF can help low-risk investors diversify with 10-20% allocation This multiplex stock jumped 47% in 2019 despite slump in consumer spending Overall, the mutual fund industry saw its total asset under management (AUM) hitting Rs 27 lakh crore as of November from Rs 23.59 lakh crore a year ago. That represents a … [Read more...] about Equity inflows drop but SIP figures at all-time high; what should you do?
India Gold February futures rose on December 12 tracking gains in the international market after the U.S. Federal Reserve held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, sending the dollar and Treasury yields lower, said a report.After cutting rates three times earlier this year, the US Fed left its benchmark rate at the target range of between 1.50 percent and 1.75 percent, in a widely expected moveReacting to the news, Dollar index slipped after FOMC outcome and both the precious metals get support from lows. Gold closed above $1470 and Silver prices closed above $16.80 per troy ounce.Close On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 54, or 0.14 percent, at Rs 37,753 per 10 gram at 09:20 hours IST. related news Gold price today: Yellow metal rises on trade deal uncertainty; use rallies to go short Gold price today: Yellow metal steady; experts say go short with target of 37,500 Gold … [Read more...] about Gold price today: Yellow metal rises on FOMC rate stance; here’s what to do now