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Bloomberg Quint
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Image Credit: Bloomberg Quint
PPF Strategy To Build Rs 2-Crore Fund: Investment Journey Explained
- Public Provident Fund (PPF) is a long-term wealth creation investment instrument in India offering secure returns and tax benefits with a 15-year tenure and possible extensions.
- Investors can contribute between Rs 500 and Rs 1.5 lakh per financial year in a PPF account, with the funds earning compound interest over time, and the maturity amount being tax-free.
- PPF provides 'EEE' (Exempt-Exempt-Exempt) tax benefits where contributions, interest earned, and maturity amount are all exempt from tax, making it suitable for long-term financial planning for goals like retirement.
- To build a Rs 2-crore corpus through PPF with a 7.1% annual return, investors need to contribute Rs 1.5 lakh yearly for 35 years, resulting in a total investment amount of Rs 52.5 lakh and accumulating a tax-free amount of Rs 2.27 crore.
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Bloomberg Quint
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39
Image Credit: Bloomberg Quint
Home Loan: Seven Myths Many Borrowers Still Believe In 2025
- Many homebuyers still believe in common myths regarding home loans, leading to financial misconceptions and missed opportunities.
- Some myths include needing a perfect credit score to get a loan, fixed interest rates always being better, and home loans only being available from banks.
- Additionally, misconceptions like the inability to prepay without penalty, longer tenures being better, and only salaried individuals qualifying for home loans are prevalent.
- It's crucial for borrowers to be aware of these myths to make informed decisions in the dynamic lending environment of today.
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HinduBusinessLine
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Image Credit: HinduBusinessLine
Weaving opportunities
- The manufacturing share of textiles and cotton ginning in India's GVA has remained stagnant, but opportunities in technical textiles are rising due to political unrest in Bangladesh.
- Technical textiles, used in various industries from automobiles to space applications, are experiencing strong growth in India, with a projected market value of $309 billion by 2047.
- Government initiatives like National Technical Textiles Mission (NTTM) and Production Linked Incentive (PLI) scheme aim to boost the technical textiles sector through research, innovation, and enhancing production scale.
- To maximize India's potential in technical textiles, there is a need for industry-oriented curriculum in textile engineering courses, skilling initiatives, and collaboration with international universities.
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HinduBusinessLine
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90
Image Credit: HinduBusinessLine
India must not trade away its farms
- India facing pressure from US for one-sided trade deal involving agriculture.
- US demands include forced purchases, regulatory changes, and new tariffs post-deal.
- Concerns for Indian farmers due to potential impact of US demands on agriculture.
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Bloomberg Quint
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HDFC Life, ICICI Lombard, ICICI Prudential Q1 Results Today — Earnings Estimates
- HDFC Life Insurance Co., ICICI Lombard General Insurance Co., and ICICI Prudential Life Insurance Co. will announce their Q1 earnings today.
- Analysts estimate HDFC Life to report a net profit of Rs 678 crore and an annual premium equivalent of Rs 3,124 crore for the quarter ended June.
- ICICI Lombard is expected to post a net profit of Rs 520 crore and a net interest income of Rs 802 crore for Q1, while ICICI Prudential could report a profit of Rs 1,375 crore.
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HinduBusinessLine
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70
Image Credit: HinduBusinessLine
Sun sets on a solar pioneer
- A village abandons pioneering solar experiment, returns to conventional grid electricity.
- Initial solar setup failed due to lack of maintenance, financial resources, and technical support.
- Lessons learned highlight the necessity of sustained community engagement and long-term planning.
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Guardian
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362
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Reeves to say cuts to City red tape will bring trickle-down benefits to households
- Rachel Reeves advocates cutting red tape for City firms to benefit British households.
- Chancellor set to announce significant financial regulation reforms, aiming for economic growth.
- Critics warn against deregulating City due to risks highlighted by the 2008 crash.
- Further changes include mortgage rules loosening to aid first-time buyers, with mixed reactions.
- Reforms also target senior managers regime and corporate transparency rules to boost investment.
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Guardian
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350
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Hot weather lifts UK spending as fans and sports gear add to sales
- UK retail sales in June grew by 3.1% year on year, boosted by hot weather and increased spending on items like electric fans and sports equipment.
- Total food sales increased by 4.1% year on year, partially due to rising food prices.
- Households faced pressure from high living costs and inflation, impacting consumer confidence.
- Barclays reported a 0.1% year on year decrease in consumer card spending in June, with essential spending down 2.1% while non-essential spending slightly increased.
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Guardian
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169
Image Credit: Guardian
From Tammy to Tamagotchi: Hamleys releases list of 100 top toys of all time
- Hamleys released a list of the top 100 toys of all time to mark its 265th anniversary, including classics like train sets, Tonka Trucks, Top Trumps, and Tamagotchis.
- The list features dolls, action figures, hula hoops, marbles, and electronic toys dating back from the 1950s to recent years, reflecting changing toy trends over time.
- Toys like Lego sets, Rubik’s Cubes, and Thunderbird Tracy Island, which had moments of popularity before fading, are also included in the list.
- Hamleys head buyer included favorites like the Sindy doll, Glo Worm, and Simon in the list, highlighting the enduring appeal and memories associated with classic toys.
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Moneyweb
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342
Global heavyweight Bitget brings its muscle to SA
- Bitget, a major crypto exchange, enters the SA market with unique offerings.
- They introduce credit cards linked to crypto wallets and attractive investment returns.
- Bitget's arrival in SA may benefit smaller exchanges and focus on Africa.
- The company also delves into Web3 projects promoting privacy and security.
- Operations in Africa aim at bridging digital payment solutions for local and cross-border.
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Moneyweb
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141
Approaching the world of CFDs
- Trading CFDs can offer a second income with proper guidance and risk management.
- CFDs let you speculate on asset price movement without owning the underlying asset.
- Core portfolio for long-term growth and strategy portfolio for trading opportunities.
- Managing emotions and risk, along with understanding market dynamics, are key.
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VentureBeat
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Amazon launches Kiro, its own Claude-powered challenger to Windsurf and Codex
- Amazon introduces Kiro, a new AI-powered IDE for developers transitioning from prototype to production.
- Kiro uses the Claude Sonnet 3.7 and 4.0 models to assist developers in software development.
- Offering a combination of AI agents, project specifications, and task management for agile development.
- Kiro differentiates itself with a spec-driven development model, ensuring code quality and standards.
- Compatible with VS Code, Kiro's structured approach aids in efficient software development.
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Moneyweb
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113
Ice cream makers pledge to remove artificial colours by 2028
- US ice cream makers plan to remove artificial colors from their products by 2028 to align with Health and Human Services Secretary Robert F. Kennedy Jr.'s push for cleaner food.
- A group of 40 producers, responsible for over 90% of US ice cream sales, will eliminate various synthetic colors by the end of 2027 voluntarily.
- Major food companies like General Mills, Nestle, and Kraft Heinz have committed to removing artificial dyes from their products in response to consumer demand and regulatory changes.
- The FDA has approved the use of natural sources like gardenia to color foods blue, showing a shift towards cleaner ingredients in the food industry.
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Baystreet
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256
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TSX Hits Fresh All-Time High Despite Trade Jitters
- The TSX Composite Index reached a new all-time high on Monday, despite uncertainties in global trade.
- U.S. President Donald Trump announced tariffs on imports from the EU, Mexico, and Canada, impacting trade relations.
- On the TSX, technology and industrial shares rose, with Bitfarms and Thomson Reuters leading the gains.
- Investors are closely watching ongoing trade developments, second-quarter earnings reports, and inflation readings.
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Baystreet
2d
339
Image Credit: Baystreet
S&P 500 Posts Small Gain on Hope for Lower Tariffs
- The S&P 500 slightly increased despite President Trump's tariff threats on more countries over the weekend, as investors believe the duties will be negotiated down.
- The Dow Jones Industrial Average rose 88.14 points to close at 44,459.65, while the S&P 500 gained 8.81 points to reach 6,268.56. The NASDAQ Composite also added 54.8 points, closing at 20,640.33.
- Trump announced 30% tariffs on the EU and Mexico starting August 1, but talks are ongoing to potentially agree on a lower rate. Investors await inflation data and earnings reports this week, with banks like JPMorgan Chase set to release quarterly reports.
- The 10-year treasury yields rose slightly to 4.43%, while oil prices fell to $66.92 per barrel and gold prices dropped to $1,352.70 per ounce.
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