In a move reflecting the Reserve Bank of India’s latest policy stance, the State Bank of India (SBI) has reduced interest rates on both savings accounts and fixed deposits (FDs), effective from June 15, 2025. This rate revision is expected to impact millions of depositors across the country, as banks realign with softer monetary cues from the central bank. SBI has cut its savings account interest rate by 5 basi

A Fremont-based Farmers Insurance franchise owner has raised serious allegations claiming the company has been canceling insurance policies by falsely stating the cancellations were requested by the insured clients. Jeffrey Carvalho, a 37-year veteran in the insurance industry, says this troubling practice has affected hundreds of his clients, especially senior citizens aged 65 and older across the Bay Area. Carvalho is demanding transparency and an end to these questionable cancellations.

Kerala has reached an unprecedented economic landmark as annual remittances from Non-Resident Indians (NRIs), particularly those from Kerala, have surpassed ₹2 lakh crore for the first time. Alongside this, total deposits from NRIs in the state’s banking sector have crossed ₹3 lakh crore, signaling a robust and growing contribution of overseas Malayalis to the state’s financial ecosystem. This financial influx has significantly boosted Kerala’s domestic econo

If you retired from Central Government service on or before March 31, 2025, or are the legally wedded spouse of such a retiree, you may be eligible for significant financial benefits under the recently launched Unified Pension Scheme (UPS). The deadline to claim these benefits is June 30, 2025, as announced by the National Pension System (NPS) Trust. Launched on April 1, 2025, the UPS is designed to supplement the pension income of retired Central Government employees and their spou

For decades, owning a house was seen as a proud achievement in Indian households symbolic of success, stability, and adulthood. Parents often pushed their children to buy homes early, even if it meant burdening themselves with heavy EMIs. But in 2025, the mindset of India’s younger generation is shifting. With rising property prices, changing work patterns, and a desire for lifestyle freedom, more and more young Indians are opting to rent rather than buy. The traditional belie

Federal authorities have arrested Kenneth Mattson, a 63-year-old real estate investor from Sonoma and former owner of a specialty car consignment shop in downtown Pleasanton, on charges related to a $28 million Ponzi scheme that allegedly spanned over a decade. The U.S. Department of Justice (DOJ) revealed that Mattson is facing a nine-count indictment for wire fraud, money laundering, and obstruction of justice, unsealed this Thursday. Mattson, known locally for operating the now-d

The Middle East is rapidly positioning itself as a significant force in global technology, with countries like Saudi Arabia, the United Arab Emirates, and Qatar taking bold steps to attract international tech investors and build local capacity. These nations are not only signing multibillion-dollar deals but also enacting legal reforms, fostering startup ecosystems, and constructing the infrastructure needed to support advanced artificial intelligence systems and cloud-based technologies. Thi

In yet another shocking case of financial fraud in the UAE, Gulf First Commercial Brokers, a Dubai-based brokerage firm, has reportedly shut down overnight, leaving behind empty offices and millions of dirhams in vanished investor funds. Many of the victims, including Indian expats, are now demanding answers after being lured into the scheme through aggressive cold-calling and promises of secure returns on forex investments. The firm operated from two office spaces in Capital Golden

In a decisive move to boost economic development and job creation, Andhra Pradesh Chief Minister N. Chandrababu Naidu has approved investment proposals worth ₹33,000 crore during the sixth meeting of the State Investment Promotion Board (SIPB). The approvals span across 19 major projects and are expected to generate 35,000 new jobs in key sectors such as energy, tourism, IT, and electronics. The meeting, held at the Secretariat, marks a strategic continuation of the government's push fo

Gold prices fell significantly on Monday as investor confidence rebounded in response to a temporary agreement between the United States and China to ease tariffs. The development, seen as a step toward de-escalating prolonged trade tensions, prompted a shift in global risk sentiment and reduced demand for safe-haven assets like gold. Spot gold dropped by 3% to $3,225.28 per ounce in afternoon trading, moving sharply away from the record high of $3,500.05 it reached just weeks ago. Meanwhile, U.

Choosing the right investment vehicle for long-term wealth creation is a crucial step for financial planning. Among the most common options available to Indian investors are ULIPs (Unit Linked Insurance Plans), mutual funds, and direct investment in stocks. Each of these instruments offers a different mix of risk, return, flexibility, and cost. Understanding their core differences can help individuals make better investment decisions aligned with their goals and risk appetite.

President Donald Trump on Wednesday hosted top global business executives at the White House for the “Investing in America” event, where he revealed over $2 trillion in new investment commitments aimed at strengthening U.S. manufacturing, infrastructure, and artificial intelligence leadership. Speaking in front of industry leaders from companies including Nvidia, SoftBank, GE Aerospace, Oracle, and OpenAI, Trump framed the gathering as a milestone in what he described as the most

Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P

Akshaya Tritiya 2025, one of the most revered and spiritually significant days in the Hindu calendar, will be celebrated this year on Wednesday, April 30, 2025. Observed annually on the third tithi of the bright half (Shukla Paksha) of the Hindu month of Vaisakha, the day is also known as Akti or Akha Teej. It is marked by a strong belief that any good deed performed on this day—be it charity, religious rituals, or financial investments like buying gol

A trip to Chicago ended with far more than sightseeing and selfies for one lucky tourist who now returns home $3.1 million richer. The unexpected windfall came courtesy of the Illinois Lottery’s FastPlay Ultimate Diamond Jackpot game, with the winning ticket purchased at Komal Wine and Liquors near O’Hare International Airport. The winner, who has chosen to remain anonymous, snagged a $3,188,104 jackpot while enjoying a visit to one of America’s most iconic cities.

RPG Group Chairman Harsh Goenka, known for his witty and thought-provoking social media posts, has once again struck a chord with netizens. This time, he took to X (formerly Twitter) to share a humorous yet insightful comparison between material purchases and long-term investments particularly gold. Using real-life anecdotes involving his wife, Mr Goenka cleverly highlighted how investing in gold has proven to be far more valuable over the years than spending on depreciating assets like cars,

Gold has once again taken center stage in the global financial landscape, reasserting itself as a preferred safe-haven asset at a time when traditional pillars like U.S. Treasurys and the dollar are facing significant challenges. As economic instability, inflation fears, and geopolitical risks rise, investors are increasingly turning to gold as a reliable store of value. The recent depreciation of the U.S. dollar has been a key factor in gold’s renewed strength. Several econ

If you're wondering whether to invest in gold or mutual funds this year, you're not alone. With rising market uncertainty, inflation concerns, and global geopolitical tensions, investors are reevaluating traditional assets. Gold and mutual funds have long stood as two prominent options for Indian investors. While both offer potential returns, they cater to different investment styles, goals, and risk appetites. Financial experts suggest that a well-balanced investment portfolio, tailo

As gold prices hit historic highs in India, Zoho founder and CEO Sridhar Vembu took to social media to praise India’s traditional trust in gold while delivering a scathing critique of modern financial systems, central banks, and even Bitcoin. With retail gold prices crossing ₹1 lakh per 10 grams, driven by global economic uncertainties and demand for safe-haven assets, Vembu reinforced the sentiment that gold has long been at the core of India’s economic and cultural stability.

WASHINGTON – As his role in the federal government’s cost-cutting task force nears completion, billionaire entrepreneur Elon Musk has taken on a new challenge. Under direct instructions from U.S. President Donald Trump, Musk’s Department of Government Efficiency (DOGE) has been tasked with building the digital backbone for the new “Gold Card” visa—a fast-tracked path to U.S. residency for the world’s wealthiest immigrants. According to The New Yor