Gold has always held a revered place in many cultures, especially in India, where it is seen not only as a valuable asset but also as a symbol of tradition, prosperity, and security. However, when it comes to building long-term wealth, is simply owning gold jewellery the best option, or is there a more strategic way to invest in this precious metal? CA Nitin Kaushik, an expert in finance and investment strategies, recently shed light on this dilemma, highlightin

Increasingly, middle-class Indian couples are opting to invest in property in Dubai rather than India to build their retirement wealth. A notable trend among Indian buyers in the UAE reveals that many couples, after years of hard work and savings, have managed to purchase two to three properties. These properties offer attractive rental yields of 6-7%, and are financed at an interest rate of just 5%. This financial model provides sustainable assets that genera

Retiring at 40 has become an exciting goal for many young professionals seeking freedom from traditional work life. While the idea of stopping work just when others are reaching their career peaks sounds appealing, achieving this early retirement requires disciplined saving, careful investing, and thorough planning. Experts say that to comfortably retire by 40, you must save between 35 to 79 times your annual expenses depending on your current age and lifestyl

A surprising LinkedIn post by Gurugram-based investment banker Sarthak Ahuja has triggered widespread discussion across social media platforms, calling into question what it means to be “middle class” in urban India today. According to Ahuja, a ₹70 lakh annual salary a figure many would consider upper-middle class or even affluent may now fall squarely within what he terms the "new middle class." His argument is based on a simple truth:

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

Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure

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

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.

 In recent years, affluent Indian families have increasingly turned to offshore gifting as a means to support their children settled abroad, whether for education, property acquisitions, or participation in investor immigration programs like the U.S. EB-5 visa. While such familial financial support is common, the Reserve Bank of India (RBI) has intensified scrutiny over these transactions, particularly when they involve significant foreign investments and large remittances. T

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

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,

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