Author: NNI Editor

Foxconn had approved $400 million, about ₹3,500 crore, to set up the factory in August 2023 [File] | Photo Credit: REUTERS Apple is planning to start production of Airpods for exports at the Foxconn plant in Hyderabad from April, sources said.Airpods will be the second product category that Apple will start producing in India after iPhones.”Production of Airpods is going to start in India at Foxconn’s Hyderabad facility. It will begin from April but it will be only for exports as of now,” an industry source told PTI.Foxconn had approved $400 million, about ₹3,500 crore, to set up the factory…

It is normal to be concerned about the risk of negative returns (market risk) on equity investments. The impact such negative returns can have on your portfolio is related to the stage of your investing life and is referred to as the sequence of returns risk (SORR). Here, we explain SORR and discuss how you can moderate this risk. Danger zoneA 10% decline in the market will hurt equity investments more when you are closer to retirement than when you are starting your career. This is because the equity portfolio will be large when closer to retirement. A 10% loss on…

Most prospective policyholders are often flummoxed by the barrage of jargons tossed at them by health insurance agents. Misinterpretation of jargons might force you to pay through your nose, though.A single hospitalisation could rob one of lifetime’s savings. Considered a lifesaver, a high-cover medical policy helps one avoid paying huge medical bills but with a catch. A base policy (BP) with a high Sum Insured (SI) would not be affordable for many as the premium is high. However, there are cheaper alternatives — top-up and super-top-up plans. Policyholders often get confused with the two add-on policies and jargons such as deductibles,…

For a many consumers deciding between a cashback and a rewards credit card can be confusing. While cashback credit cards are attractive due to their straightforward benefit structure, rewards credit cards can enable you to accumulate points that can be redeemed against free flights, hotel stays, products or vouchers.Both offer value-back on your spends, but the right choice depends on your spending habits and lifestyle. So, how do you choose between the two? Let us first understand how cashback and rewards credit cards differ. With cashback credit cards, you get a fixed percentage of the amount spent as value-back, which is usually…

Representative image | Photo Credit: Reuters Ola Electric Mobility Ltd on Saturday (March 15, 2025) said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly owned arm Ola Electric Technologies Pvt Ltd.In a regulatory filing, the company said, “A petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by M/s. Rosmerta Digital Services Ltd, an operational creditor of Ola Electric Technologies Pvt Ltd.” The petition has been submitted before the National Company Law Tribunal’s Bengaluru Bench, alleging default in payment towards the services rendered…

Tuhin Kanta Pandey, the former Union Finance Secretary, took charge as the Chairman of Securities and Exchange Board of India (SEBI) on March 1, Saturday. The next day, the news broke that a Mumbai Special Court Judge directed the city’s Anti-Corruption Bureau to file FIRs on former SEBI chairperson Madhabi Puri Buch and three of the regulator’s four Wholetime Members for their alleged complicity in listing of a now delisted company in 1994.Without wasting any time, Mr. Pandey, 59, moved into action. In a statement, SEBI said that even though these officials were not holding their respective positions at the relevant…

Representative image | Photo Credit: Reuters Standard Chartered has raised 1 billion euro (about ₹9,400 crore) through issuance of the first social bond which will support sustainable development projects across the bank’s emerging market footprint, including India. The 8-year bond will primarily facilitate lending to small and medium sized enterprises (SMEs), ensuring access to finance, helping create jobs and empowering and nurturing women-owned SMEs, StanChart said in a statement on Friday.Of the total, about 50% would be allocated for India for sustainable projects.Proceeds will also finance access to essential services including healthcare and education, and will facilitate investment into affordable…

MF industry recorded a 24% rise in AUM at ₹68-lakh crore (₹55 lakh crore). | Photo Credit: Getty Images Despite volatility in the equity market, mutual fund inflows over the past 11 months have far exceeded bank deposits,In the last 11 months of the current fiscal, growth in banks’ time (fixed) deposits slowed to 9.2% (or up by ₹17.29-lakh crore) against 11.2% (₹18.69-lakh crore) in the year ago period, per RBI data.In the same period, inflows into mutual funds were up 90% at ₹9.79-lakh crore (₹5.14-lakh crore), according to the Association of Mutual Funds in India data.In fact, the growth…

Consumer Affairs Secretary Nidhi Khare. | Photo Credit: X@inidhikhare The government is putting in place an ecosystem to eventually resolve consumer complaints at the pre-litigation stage itself, Consumer Affairs Secretary Nidhi Khare said on Saturday (March 15, 2025).Speaking at a World Consumer Rights Day webinar, Ms. Khare said a hassle-free, speedy, and cost-effective platform through the National Consumer Helpline (NCH) system has been created to resolve consumer grievances.The technological transformation of NCH with artificial intelligence (AI) tools has led to a significant increase in its call-handling capacity. The number of calls received by NCH has grown nearly tenfold from 14,795…

Image used for representative purpose only. | Photo Credit: SIDDHANT THAKUR Real estate developers have acquired 5,885 acres land during 2022-24 for ₹90,000 crore to build projects amid strong demand for housing and commercial assets, according to JLL India.Real estate consultant JLL India data showed that real estate developers bought 1,603 acres of land in 2022 for ₹18,112 crore, 1,947 acres in 2023 for ₹32,203 crore.During 2024, the land acquisition by developers touched 2,335 acres costing ₹39,742 crore.During the 2022-24 period, real estate developers bought 5,885 acres for ₹90,057 crore.The data includes only outright purchases by real estate developers, the…